►
From YouTube: DXgov Weekly Gathering [2023-03-01]
Description
00:03 Welcome and Agenda
01:08 Mainnet Roundup
08:36 Gnosis Chain Roundup
11:37 Onboard as Financial Operations Contributor to Operations Guild
A
Represent
his
hello
and
welcome
to
geek
style
government's
discussion
for
Wednesday
March
1st
1600
UTC
welcome
to
March
I
am
going
to
share
my
screen
here
to
go
over
the
agenda
for
today.
As
always,
we'll
go
over
the
proposal.
Roundup
a
good
chunk
of
ones
on
mainnet,
a
wide
variety
of
them.
So
we'll
we'll
go
over
the
current
live
proposals
and
then
just
four
proposals
on
gnosis
chain
and.
A
East
Denver
check
in
I'm,
leaving
in
a
little
bit
I
know
if
there's
anything
else,
people
want
to
check
in
on
maybe
there's
interesting
things
going
on
in
government
space
and
then
yeah
want
to
carve
out
of
time
to
to
have
Maddie
G
give
a
little
bit
of
intro
and
background
on
his
Forum
post
here
kind
of
following
on
last
week's
presentation
by
avant-garde
and
then
the
week
before
his
presentation
by
compart
key
Guild,
and
then
we
can
talk
a
little
bit
about
where
we're
at
in
the
process
and
how
we
should
go
forward
from
there.
A
So,
let's
start
with
the
proposal
Roundup,
so
a
couple
different
ones,
so
you
can
see
swapper
Guild,
2023,
q1,
funding
new
devs,
so
this
is
specifically
I
think
to
bring
on
two
different
dags.
So
you
can
see
it's
the
senior
smart
contract
developer,
Nelson
Neil,
who
I
think
is
it's
not
its
call,
but
sometimes
is
who's
been
doing
really
great
work
for
swapper
for
the
last
couple
months.
A
I
believe
he
was
involved
with
the
Claris
before
and
then
merko,
who
has
been
contributing
for
swapper
for
a
while
is
going
to
come
on
more
on
full
time.
So
both
of
these
were
part
of
the
swapper
budget
that
passed
in
the
last
in
December
for
the
first
half
of
2023,
and
these
were
basically
the
contingency
cost
in
the
budget
approved
the
big
one,
of
course,
I.
Think
being
we're
at
the
time
was
looking
for
to
make
sure
that
there
was
another
senior
smart
contract
Dev.
A
So
it's
really
good
to
see
that
there.
This
is
also
just
a
couple
weeks
ago
discovered
a
similar
thing
and
bringing
on
a
new
smart
contract
Dev
from
the
budget
there.
So
that's
set
to
pass
in
two
days
and
nine
hours.
So
it's
a
big.
B
A
To
28k
usdc,
so
this
will
actually
go
to
the
multi-chain
multi-sig
to
then
be
bridged
over
to
noses
chain
and
deposited
to
swapper
Guild
and
swapper
multi-sig
there
and
that's
where
yeah
that
will
go
so
there's
that
and
then
we
have
another
Redemption
balancer
from
zag
zagu.
A
A
Sorry,
it's
like
I
thought,
14
voted
on
this
Redemption
balance.
I
was
like
that's
a
really
strong,
show
support
for
this
this
proposal,
but
this
has
been
voted
on,
presumably
verified
there
and
yeah
it'll
pass
in
two
days
and
10
hours.
A
Then
we
have
rap600e
through
the
mimic
Vault.
So
this
is
proposal
from
Candy
fork,
and
so
this
is
needed
to
post
orders
on
Cal
swap
we'll
get
to
the
cow
swap
orders
in
a
second.
But
you
can't
use
native
eth
with
that.
So
we
have
to
wrap
that
and
rather
than
send
it
to
a
multi-sig
to
wrap
and
then
send
back
to
dextao,
we
use
this
awesome
mimic
Vault.
That
automatically
does
that
for
you
for
it,
and
you
can
see
here,
it's
done
it
in
the
past.
The.
A
Takes
care
of
gas
charges
too,
so
it
just
sends
yeah
I!
Guess
that's
back
there!
Here
we
go
internal
transactions,
yeah
yeah!
This
is
the
one
that
Ben
sends
it
to
geek.
Style
I!
Think
yes
right
here
so
yeah
that
will
is
600.
Eighth!
So
that's
where
basically
three
separate
orders
that
are
live
now,
which
we'll
get
to
in
a
second
for
the
cow
swap
on
along
with
yeah,
in
conjunction
with
the
DC
token
model,
so
that's
wrap,
600
eth!
A
Then
we
have
a
bunch
of
repsiks
which
are
like
some
of
my
favorite
things
to
have
so
we
have
Violet
here
who's
long
time.
B
A
This
is
a
request,
I
think
it'll
last
yeah,
everything
since
August
there,
and
so
that
will
be
yeah.
Another
nice
minting
of
rep
there,
2.31
million.
There
are
two
other
rep
syncs
I,
just
wanna
or
three
other
reps
things.
Let
me
first
go
over
the
two
that
I
I
like
it
or
enjoy
it.
So
first
you
have
the
mainnet
rep
sync
for
Melanie,
and
this
is
yeah
I.
A
Think
our
second
one
here
and
so
you
can
see
0.9
percent
rep
to
go
with
1.75,
and
these
are
all
proposals
that
have
passed
on
nurses
chain
here
and
then
we
have
Medusa
from
the
DX
gov
team,
doing
his
second
one
as
well,
very
similar
to
Melanie's
and
so
I
guess
for
these
I'm
going
to
give
my
my
ranking
of
the
repsync
order,
the
repsync
proposals
in
terms
of
what
I
like
the
most
I'll,
show
you
what
is
last
place
here.
A
So
this
is
from
Level
tiate
someone
who
has
previously
submitted
a
rep
sync
proposal:
I've
worked
in
the
Deep
scum
team
and
he
had
submitted
the
wrong
amount
in
the
previous
proposal.
So
this
is
a
resubmission
of
that
proposal.
I
had
jetted
to
him
and
told
him
why
I
thought
the
calculation
was
incorrect
and
then
he
submitted
this
one
which
I
know
is
him
because
of
the
addresses
here
and
you
can
check
on
gnosis
chain
and
see
the
same.
You
can
confirm
it's.
It's
him
with
that.
A
Rep
amount,
but
it's
just
kind
of
I,
don't
know
I'd,
say
annoying
to
have
to
verify
this
in
there
and
you
can
see
that
1.26
and
you
can
see
that
there.
A
A
There's
there's
actually
some
some
clear,
but
there
are
no
links
to
this
and
then
I,
guess
third
or
second
place
is
Melanie
here,
because
she
does
provide
the
links
and
kind
of
everything
is
very
clearly
laid
out
and
then
I
think
first
place
goes
to
Violet,
basically
because
he
has
a
picture
and
he
used
bold
too,
in
addition
to
having
all
of
the
links
to
the
appropriate
proposal.
So
Violet
gets
the
word
for
best
perhapsing
from
from
me.
A
So
anyway,
those
are
the
four
rep
syncs
there.
A
good
reminder
for
everyone
that
has
you
know
been
doing
has
been
earning
rep
on
noses
chain
to
make
sure
you're
syncing
that
on
mainnet,
that's
where
the
assets
are,
that's
where
most
of
the
the
power
lies,
and
so
it's
important
to
do
those
I
know:
there's
probably
some
developers,
DX
gov
swapper
developers.
Maybe
that
had
been
started
earning
in
the
middle
of
last
year,
and
you
know
six
months
of
rep
is
a
is
actually
a
good
amount
and
so
making
sure
to.
B
A
But
of
course,
specifically
using
violets
as
the
best,
so
those
are
the
four
rep
syncs
and
then
Violet
here
has
vesting
contracts.
These
have
not
been
voted
on
it
just
because
they
are
a
little
bit
more
difficult
to
verify.
I
will
take
time
to.
A
A
Agency
is
split
it
up
over
I,
think
four
different
ones,
but
right
now,
there's
only
three
proposals
in
here
so
yeah.
This
is
I.
Think
another
I
think
he
did
a
good
job
in
terms
of
presenting
the
information
and
doing
that
for
others
that
want
to
copy
and
then
maybe,
if
you
want
some
help
in
deploying
those
contracts,
so
that's
Violet
those
there's
three
proposals
there
and
then
there's
just
submitted.
A
D-Labs
vesting
contract
for
January
and
February,
so
this
is
the
same
thing,
presumably
not
sure
when
the
vesting
date
is
but
I'm
guessing.
It's
like
January
31st
yeah.
A
A
Let's
keep
rolling
to
nurses
chain,
not
as
much
activity
on
gnosis
chain
here.
Actually
this
one
can
be
closed.
Then
we
just
have
these
four.
A
B
A
The
payment
proposal,
and
always
great
proof
of
work
from
from
Lucy
in
terms
of
the
here,
the
work
all
the
work
being
done
on
carrot
there,
which
looks
really
really
great
and
then
there
are
do
you
have
a
translation,
Bounty
funding
proposal
from
dxgov.
So
they
think
this
is
where
we
have
250k
for
250
per
language,
and
so
this
is
a
500
500
one
to
do
in
Japanese
and
Spanish
years.
I
think
that's
a
cool
way
of
making
sure
of
introducing
more
bounties
to
that.
A
B
A
Rep,
but
it
only
earned
that
on
gnosis
chain
and
Candy
Fork
had
actually
had
rep
on
mainnet.
That
has
not
been
synced
to
noses
chain,
primarily
because
when
I
would
do
rep,
syncs
I
would
tend
to
do
them
and
include
a
month
that
I
worked
on
mainnet
there.
So
there
was
a
disconnect
there,
and
also
when
you
do
mainnet
rep
proposals,
you
earn
mainnet
there.
So
there's
some
disconnect
there,
and
so
actually
there
should
be
two
screenshots
here
now
I'm
a
little
worried
because
I
was
giving
I
was
giving
judgment
on.
A
Who
has
the
better
proposal
and
yeah
I
was
hoping
mine
went.
There
should
be
two
two
screen
size
shots
here,
but
anyway,
so
that
one
please
yeah,
give
some
votes
in
the
next
couple
days
and
then
there's
yeah
a
Nani.
A
So
this
is
basically
like
a
retroactive
trial
period
proposal.
So
I
think
this
is
Nani
has
already
been
onboarded
for
one
age
2023
through
the
budget
that
was
I
think
two
weeks
ago
there
was
a
proposal
there
from
from
Ross
and
the
DX
gov
team,
and
this
is
specifically
a
2000
K
payment
for
the
month
of
December
when
he
was
working
and
kind
of
doing
his
his
trial
period
there.
So
yeah.
Those
are
the
proposals
on
nurses
chain.
A
Cool
yeah,
so
then
we're
moving
on
to
discussion
items
here.
Maybe
we
can
I,
don't
know
if
there's
anything
or
eat
Denver
check-in.
Besides
I'm
excited
to
go
and
I
hope
anyone
is
there.
Please
do.
B
A
Yeah
I
think
that's
kind
of
unfortunate
that
they
announced
that
news
the
same
week
of
East
Denver,
because
I
heard
from
several
people
that
you
know
if
Devcon
wasn't
going
on
this
year,
then
I
would
have
gone
to
then
they
would
have
gone
to
East
Denver
so
yeah
anyway.
So
without
further
Ado.
A
There
is
the
third
I
guess
the
third
post
we've
seen
from
treasury
manager,
Stewart
candidate
group.
So
we
had
capacion
two
weeks
ago
to
talk
about
their
browsers,
who
created
treasury
Guild,
and
then
we
had
avant-gard
on
last
week
in
terms
of
what
they
could
offer
to
dextao
and
then,
in
conjunction
with
those,
the
contributor
X
and
operations.
A
Guild
have
been
Fielding
different
candidates
through
the
normal
onboarding
process
in
terms
of
recruiting,
so
there's
been
a
lot
of
Outreach
there
and
one
of
the
candidates
I
think
we
we
identified
that
was
really
great,
is
Maddie,
daddy
Maddie
wasn't
from
Maddie
G,
so
Daddy
Maddie,
who
has
posted
some
information
about
himself
and
what
he
proposed
to
do
for
dextao
here.
So
I
thought
I'd.
Give
him
the
opportunity
to
maybe
introduce
himself
and
then
for
anyone
to
ask
questions
about
his
background.
A
What
he's
proposing
his
services
and
other
things
to
deal
with
yeah
work
for
Geek
style,
so
Maddie,
you
wanna,
take
us
away
and
Maddie
just
before
he
gets
Maddie's
taking
time
from
being
on
the
slopes
in
Breckenridge.
To
do
this,
all
so
very
big
ups
for
him
and
for
doing
that
and
yeah
we'll
be
in
Denver
in
a
couple
days,
but
very
glad
you
could
carve
out
the
time.
B
No
problem
appreciate
it
and
good
morning
everybody
from
beautiful,
Breckenridge
Colorado
had
a
night.
I
actually
didn't
do
some
skiing.
B
Yesterday
I
did
some
bike
skiing
for
the
first
time,
which
was
highly
recommend
one
of
the
coolest
things
I've
ever
done,
but
anyways
good
morning,
everybody
as
you
can
see,
I
post
a
proposal
on
the
Dow
talk
Forum,
you
know,
really
saw
a
lot
of
great
Insight
from
the
community
on
you
know
what
are
the
needs
from
a
treasury
side
as
well
as
the
financial
operations
side,
and
you
know
I
think
I
have
a
good
background
that
might
be
able
to
help
with
some
of
those
needs,
and
so
you
know
getting
into
that
background
really
by
trade
I'm
a
CPA
with
a
fir
with
a
focus
and
mergers
and
Acquisitions
I've
been
crypto
native
I'd,
say
since
2021,
and
have
been
full-time
in
crypto
since
fall
of
2021,
where
I
started
with
Rook,
really
just
helping
them
as
their
Finance
lead
treasury
Steward.
B
Whatever
you
want
to
call
it.
I
think
titles
are
kind
of
weird
in
the
space,
but
you
know
like
most
Dows
and
protocols
in
the
space
at
this
time.
I
think
the
maturity
level
from
operations
and
just
a
risk
management
perspective
on
a
lot
treasuries
and
their
and
their
actual,
you
know.
Financial
operations,
whether
that's
through
payroll
or
getting
vendors
paid,
was,
was
pretty
mature
right,
so
saw
an
opportunity
to
come
in
and
really
provide
a
lot
of
help
and
so
have
turned
something
that
really
didn't
have
any
kind
of
infrastructure
processes.
B
Policies
on
the
operations
side
into
kind
of
a
well-oiled
machine
to
some
degree,
have
created
a
lot
of
tools,
create
a
lot
of
dashboards,
create
a
lot
of
processes
that
everybody
kind
of
understands
and
kind
of
set
a
Cadence
for
how
we
do
those
things,
and
so
it's
been
really
transformative
over
at
rook
and
I.
Think
it's
something
I
could
probably
apply,
especially
on
the
operations
side
here.
I
know,
there's
still
some
question
marks
around
the
treasury
side
of
things
and
how
that
gets,
managers
there's
some
investment
firms
that
you
know
have
really.
B
Some
proposals
and
I
think
they're
great
options,
but
I
think
the
intertwinement
between
the
operations,
the
mission
and
you
know
the
external
investment
strategy
I
think
are,
in
my
mind,
very
intertwined
and
something
I
think
I.
Could
you
know
help
a
lot
with
so
I'm
sure?
There's
lots
of
questions
concerns
potentially
so
here
to
answer
those
in
any
way.
I
can.
A
Also
I
have
some
questions
if
others
do
not,
but
I
wanted
to
yeah
open
it
up
to
see.
If
there
are
any
questions
you
could
put
in
the
chat
or
feel
free.
A
Well,
I
guess
you
know
the
the
first
thing,
maybe
you
know
you've
done
a
lot
of
great
work
for
Rook.
You've
referenced
that
a
lot
of
there,
and
so
this
proposal,
though,
would
be
not
a
full-time
role,
because
you
would
be
continuing
some
services
to
Rook,
Dao
and
continuing
there.
So
maybe
just
talk
a
little
bit
on
how
you
think
you
can
do
both
of
these
and
manage
those
and
yeah
where,
where
the
like,
how
does
geek
style
fit
in
into
that
set?.
B
Up
yeah,
no
I
think
it's
a
great
question
and
I
could
understand
there
being
concerns.
You
know
by
parties
about
whether
I'd
be
able
to
handle
it
like.
So
you
know
the
way
my
thinking
is
one
I'm,
a
workaholic,
so
I
can
I
work
a
lot
and
I
have
a
lot
of
flexibility
with
how
I
do
that.
You
know
leadership
over
at
Rook.
B
Has
you
know
very
much
supported
this
decision
to
help
out
if
it
comes
to
that
point,
so
that's
one
thing
to
say
there,
but
high
level,
you
know
really
a
lot
of
what
I
try
to
do
is
develop
processes
that
don't
require
a
lot
of
like
manual
time,
especially
by
my
end.
B
So
you
know
my
goal
is
to
really
kind
of
come
in
and
create
ways
that
we
can
off-board
a
lot
of
these
decision-making
processes
onto
you,
know
the
greater
community
and
as
well
as
myself,
with
just
providing
with
more
data
and
then
automating
how
we
can
do
that
and
bifurcating
processes
on
making
decisions
that
we
can
act
a
little
bit
more
nimbly.
So
I
think
those
are
two
things
that
will
help
from
like
a
time.
B
Commitment
standpoint,
but
overall
really
like
I,
just
have
such
flexibility
on
The
Rook
side
to
be
able
to
come
in
and
also
provide
the
same
tools
that
I've
built
on
Rook
extremely
quickly
and
get
the
operation
side
up
and
running.
So
I
think
that
the
time
commitment's
going
to
ebb
and
flow
I'd
say
there's
probably
an
argument:
that's
going
to
be
more
than
30
hours,
but
I
just
wanted
to
be
conscious
of
committing
to
over
40
hours,
especially
from
the
perception
of
what
that
might
be,
but
yeah.
A
And
then
maybe
getting
a
little
bit
more
in
into
Rook
here,
where
you
have
so
much
experience
since
I
just
have
a
I
think
this
is
yeah
Dune
dashboard
of
the
treasury.
You
can
see
here
it's
44
million
and
now
that's
split
between
stablecoin
and
Eve
and
and
Bitcoin
as
soon
as
wbtc
and
some
other
assets
there.
A
So
you
can
see
it
is
a
sizable
treasury,
a
little
bit
larger
than
than
then
deep
Styles,
so
maybe
kind
of
talk
about
how
this
treasury
is
managed
and
where
it's
deployed
and
how
like
the
allocation
or
the
allocation,
has
changed
over
the
time
since
you've
been
there.
B
Right
yeah,
so
I'd
say
it's
definitely,
you
know
Ed
dimorph
I'd
say
it's
always
been
relatively
Diversified
from
both
a
asset
breakdown,
as
well
as
a
risk
and
rewards
standpoint.
B
B
You
know:
smart
contract
risks
that
maybe
had
multiple
layers
where
there
could
be
something
in
the
stack
that
goes
wrong,
and
so
what
you
kind
of
see
here
is
really
really
what
we
Define
as
core
assets,
and
we
actually
have
a
proposal
that
defines
what
a
core
asset
is
and
there's
certain
attributes
that
need
to
be
approved
to
be
classified
as
a
core
asset
and
then
from
there.
We
can
basically
have
a
framework
that
defines
okay
to
protect
ourselves
and
create
some.
You
know,
bumpers
for
the
Dow
to
operate
within.
B
We
should
have
upper
limits
for
what
we
think
are
or
lower
limits
for
how
much
we're
taking
on
with
non-core
assets,
because
really
in
my
mind,
and
this
I
think
I
lay
itself
pretty
well
in
my
proposal
around
my
ethos
is,
you
know,
I
think
that
the
goal
of
a
treasury,
especially
ones
that
are
developing
products
like
the
X
Dow,
is
to
make
sure
you're
funding
and
having
enough
reserves
to
always
be
able
to
make
sure
that
the
contributors
grading
those
products
are
going
to
feel
secure
and
comfy
and
sleep
at
night
and
then
be
able
to
take
advantage
of
opportunities
as
they
come
up,
whether
that's
through
M
A,
whether
that's
through
acquiring
some
IP
that
supports
your
product
development,
making
sure
you
have
the
treasury
and
prioritizing
those
needs
is
critical,
and
so
that
goes
back
to
like
you,
don't
want
to
take
undue
risk
right
like
if,
if
we're
an
investment
down
and
like
the
num,
the
the
objective
is
number
go
up
then
sure
again,
maybe
we
want
to
be.
B
You
know
taking
risk
to
try
to
capture
really
high
apis,
but
like,
in
my
opinion,
that's
not
what
most
Dow
Treasures
should
be.
So
when
it's
not
focused
on
rewards
as
much,
it's
really
focused
around
risk
like
what
can
we
do
to
not
get
in
trouble
and
that's
where
these
parameters?
B
That's,
where
defining
and
creating
governance
processes
that
set
parameters
for
us
to
work
within,
like
I,
said
so,
limiting
how
much
undue
risk
we
can
take
or
requiring
that
we
hold
a
certain
amount
of
stables
and
having
a
certain
amount
of
runway
in
years
right
to
support
ongoing
needs.
B
A
A
B
A
B
There
are
a
few
I
think
we
just
ended
one
position
that
was
earning
some
fees,
so
I
guess
a
stake
to
eat
position.
I
think
everybody
kind
of
understands
that
a
little
bit
better,
that's
all
just
sitting
in
treasury.
B
All
the
current
stable
coins
right
now,
we've
taken
a
really
deliberate
step
back
and
said:
look
D5
has
a
lot
of
risk
right
now,
the
the
yields,
relatively
speaking,
are
kind
of
low
unless
you
want
to
reach
for
some
smart
contract
risk,
or
maybe
you
have
to
go
to
another
layer,
two
or
whether
that's
a
cross
chain
like
there's
opportunities
on
yield
for
stable
coins,
but
we
feel
at
least
a
rook
is
there's
a
little
bit
undue
risk
and
we've
been
spending
a
lot
of
time.
It's
probably
50
pages,
now
creating
a
stable
coin.
B
An
approved
stablecoin
framework
where
it
before
we
can
even
say
what
protocols
we
want
to
put
those
assets
in.
We
first
need
to
find
what
are
the
nuances
and
what
are
the
actual
structures
that
Define
these
stable
coins?
And
what
are
we
comfortable
with?
Do
we
need
to
have
like
a
super,
extremely
decentralized,
stable
coins
like
Rye
or
lusdc,
or
sorry,
LUSD
or
Are?
We
more
comfortable
operating
with
more
centralized
entities
like
uscc
and
understand
the
very
basic
nuances
of
this
is
really
critical
and
I.
B
Think
we've
seen
that
firsthand
with
BSU
busd,
sorry
bu,
SD,
sorry
getting
investigated
right
like
so
there's
these
nuances
that,
while
may
not
seem
critical
at
times,
are
very
critical.
So
right
now
we've
taken
a
very
deliber
approach
and
not
have
been
deploying
a
lot
of
assets
and
just
holding
their
treasury.
B
While
we
feel
the
environment
is
a
little
bit
risky,
so
we
will
be
deploying
those
once
that
stablecoin
framework
is
approved
as
well
as
when
yields
and
the
overall
D5
Market
seem
a
little
bit
safer
when
it
comes
to
a
risk
reward
strategy.
B
Other
than
that,
like
it's
a
pretty
basic
portfolio,
I
guess
you
want
to
call
so
yeah,
mostly
eat
steak,
eth
and
then
a
little
bit
of
Bitcoin
exposure,
and
you
know
the
rest
of
Staples
and
again
a
lot
of
our
positions
that
we're
earning
yield.
We've
condensed
recently
and
I
see
there's
a
question
from
Dave.
We
do
use
a
gnosis
safe,
so
we
are
definitely
different
from
you
guys
and
the
fact
that
we
don't
have
direct
token
voting.
B
I
think
there's
a
couple
reasons
for
that
and
happy
to
get
into
why
that
may
be
the
case,
but
I
think
it
really
just
comes
down
to
the
maturity
level
of
our
decentralization
plans
as
compared
to
yours
is
why
we
probably
use
that
so
but
again
happy
to
get
into
those
nuances.
If
that's
critical
for
anybody.
A
And
I
guess:
Rook
is
also
similar
to
deep
style
in
that,
so
it
has
an
on-chain
treasury
and
then
it
is
also
done
some
BuyBacks
of
The
Rook
token
and
I
guess.
Maybe
a
question
to
ask
somebody's
been
the
finance
Finance
lead
at
Rook
is
why
you
think
Rook
is
trading
below
its
circulating
market
cap
and
like
what.
A
B
Yeah
I'd
say:
there's
a
couple
of
reasons
for
this
I'd
say
one
is
probably
just
due
to
like
the
nature
of
the
space
that
we're
interacting
in
from
a
product
standpoint,
I'd,
say
anybody's
familiar
with
Rook
is
we're
in
the
Mev
game
and
Mev
is
a
very
complex
topic
that
I
think
a
lot
of
investors,
especially
retail,
don't
fully
understand
the
other
reason
about
that
is
I.
Think,
like
our
product,
Market
fit
while
I
think
is
extremely
powerful
and
could
be
helpful
for
a
lot
of
organizations.
B
We
fully
acknowledge
it's
not
there
because
of
some
of
the
core
things
in
our
Tech
Sac
that
we
have
been
developing,
are
kind
of
Cosplay
doing
so.
We've
I
think
we're
on
the
the
cusp
of
really
finding
product,
Market,
fit
and
really
taking
things
to
the
next
level
and
the
reason
that
people
I
should
say:
investors,
external
investors
outside
team
and
people
who
are
close
to
like,
what's
going
on
behind
the
scenes
from
the
tech
stack
development,
don't
have
as
much
knowledge
of
that
and
I.
B
Think,
like
it's
a
shame,
but
it's
it's
kind
of
the
nature
of
the
business,
because
Mev
is
a
very
technical.
It's
not
like
just
forking
a
univ,
a
univ
to
swap
you
know.
So
it's
it's
not
like
something
we
can
quickly.
Swap
and
like
you
know,
tailor
and
make
a
couple
tweaks
like
this
is
like
we're
developing,
really
groundbreaking
technology
from
the
ground
floor
and
redoing
things
that
other
people
probably
can't
even
see
right
now,
and
so
for
us
to
be
able
to
actually
like
capture.
B
You
know
what
we
hope
is
market
share
and
democratize
Mev
to
the
max
is
like.
That
is
our
mission.
It's
not
to
just
make
a
profit
right
like
that.
That's
what
we're
trying
to
do
is
reach
I
mean
it's
a
very
long,
hard
technical
process
and
there's
a
lot
that
can
go
wrong
if
we
were
to
reveal
a
lot
of
the
details,
so
the
Delta
between.
B
What's
the
what
the
community
knows
and
what
the
team
knows,
it's
massive
and
I
think
that
there's
been
people
who
have
gotten
very
frustrated
with
that
and
probably
sold
because
they
don't
have
as
much
insight
into
what's
around
the
corner.
So
I
think
that's
probably
the
biggest
reason
for
that
I'd
say.
The
third
reason
is
to
accommodate
that
really
intense
product
development.
We
have
a
very
intense
labor
makeup.
B
I
guess
you
could
say
so
we
have
a
burn
rate
between
you
know,
six
to
seven
million
dollars
a
year
for
our
labor,
so
very
intense.
So
maybe
people
think
that
we're
not
going
to
be
able
to
capture
market
share
in
time,
because
what
they
currently
see
is
not
really
what
we're
trying
to
go
for
we're
not
really
doing
a
lot
of
marketing
around
what
we
have,
because
again
we
don't
have
product
Market
fit
for
the
tech
stack.
B
So
all
these
factors
kind
of
culminate
into
a
fact
that
people
don't
really
understand
what
we're
building
here
and
they
don't
have
a
full
understanding
of
what's
around
the
corner,
so
I
know
that's
kind
of
a
very
nebulous
way
to
answer
that
question.
It's
not
necessarily
like
Financial
related,
but,
like
those
are,
those
are
my
explanations
for
that
I
see.
Dave
has
a
question
about
Rook
Rook
does
have
voting
power.
B
Another
big
reason
that
there's
probably
some
hit
to
our
token
price
is
we
actually
just
took
away
a
ton
of
token
utility
because
of
Securities
regulation.
This
goes
back
to
the
fact
that
we
feel
from
a
decentralization
maturity
level
we're
not
fully
there.
So
we
feel
like
there
is
some
risk
that
you
know
somebody
could
be
coming
knocking
on
our
door
as
a
security.
B
If
that
were
to
be
the
case
case,
and
where
was
I
going
with
that,
oh
so,
what
we
did
was
we
removed
the
ability
to
stake
and
actually
have
a
revenue
share
before
we
had
a
revenue
share,
our
tokenomics
also
included,
and
that
would
that
would
actually
be
10
of
the
revenue
that
was
produced
or
the
meth
would
go
to
stakers.
We
also
had
a
four
percent
token
burn,
so
we
were
actually
deflationary,
and
so
now
we
are
moving
or
we
are
officially
now
officially.
B
What
do
they
call
it?
A
useless
governance
token.
So
we
know
that's
not
ideal
from
a
token
holder
perspective,
but
we
feel
like
for
the
long-term
viability
of
what
we're
trying
to
build.
That's
that's
what
we
feel
as
a
dow
has
has
had
to
happen,
so
the
tokenomics
have
definitely
taken
hit
and
that's
probably
a
really
critical
part
to
why
our
token
price
is
the
way
it
is
compared
to
our
treasury
balance.
A
Yeah
and
I
think
what
kind
of
Dave
is
hinting
at,
which
I
also
agree
with
is
like,
because
there
is
some
disconnect
between
Rook
token
holders
owning
the
treasury,
then
that
kind
of
I
think
creates
this
disconnect,
where
people
are
not
confident
that
it
will
actually
return
value
to
Rook
token
holders.
I
think
in
this
case,
clearly
like
the
people
that
are
driving
the
project
are
more
like
the
founders
and
they
have
a
vision
and
you're
kind
of
executing
on
that.
A
But
I
do
think
it
like
shows
you
if
you
have
some
disconnect
between
the
token
voting
power
and
the
actual
treasury,
that
you're
like
likely
to
see
these
disparities.
Now.
A
Maybe
they're
it's
right
and
that
you
can
spend
the
treasury
wisely
and
we'll
invest
in
a
lot
of
r
d
that
wind
up
like
returning
value
to
Rook
but
I
think
one
of
the
reasons
yeah
you're
getting.
This
is
because
you
don't
have
the
like
shareholder
activism
there,
yes,
and
so
just
it
didn't
mean
to
spend
so
much
time
on
Rook
but
I
mean
it's
just
an
interesting
one
to
kind
of
compare
to,
and
so
like
I
guess.
B
A
You
know
lots
of
different
other
groups
or
you
know
dials
are
like
this,
and
so
it's
just
a
different
like
setup
from
DX
style,
which
is
like
yeah.
We
just
have
you
know
this
treasury
here.
B
B
And
one
thing,
I'll
say
about
being
on
a
multi-sig
again,
like
I,
think
it's
the
situation
we
have
to
deal
with,
especially
having
you
know:
fdv,
that's
three
times
our
market
cap
or
whatever.
It
is
at
this
point.
You
know,
there's
a
really
risk
that
someone
can
come
and
try
to
drain
the
treasury,
and
so
you
know
that's
a
reason.
We
also
not
not
the
reason,
but
it's
it's
a
benefit
to
us
currently
by
having
a
multi-sig.
B
But
you
know
one
thing
that
I've
done
when
I
when
I
came
in
and
realized
that
was
a
multi-sig,
was
you
know,
being
a
CPA,
a
big
thing
that
they
try
to
pound
in
our
heads?
Is
you
know,
segregation
of
Duties
implementation
and
and
critical
design
of
key
controls,
and
so
what
I've
done
is
really
came
in
and
try
to
create
a
lot
of
these
checks
and
balances
around
the
multi-sig.
B
B
Is
this
just
you
know
the
multi-cigs
enriching
themselves,
there's
a
lot
of
checks
and
balances
around
that,
and
you
know
I
think
that,
even
if
you
do
have
like
on-chain
voting,
I
think
there's
probably
still
things
that
can
be
developed
from
a
key
control
standpoint
and
that's
definitely
something
I'd
want
to
identify
and
Implement
here
as
well.
A
Cool
and
yeah
I
mean
so
you've
been
you've
chatted
with
some
folks
from
Melanie
I.
Think
Skye
myself.
Also
some
Discord
chats
with
Dave
and
you've,
been
I.
Think
attending
a
lot
of
several
of
the
calls,
the
last
few
weeks,
seeing
some
of
the
other
ones,
so
I
guess
you're
getting
a
little
bit
from
familiar
with
DX,
Dao
and
kind
of
how
it
operates.
So
you
know
you
have
some
goals
laid
out
here
for
what
you'd
want
to
be
doing,
but
maybe
yeah.
A
B
Yeah
I
think
the
the
biggest
challenge
that
I
see
is
trying
to
balance
impact
and
reversibility
and
I
think
I
laid
out
there
in
the
fifth
bullet
point
in
my
priorities
this
this
may
be
not
possible.
I
I
think
that
there's
always
possibilities
in
some
governance
paths,
but
really
what
this
means
so
I
say:
bifurcate,
treasury
processes
and
decision
making
tops
and
balance
impact
reversibility
of
Treasury
actions
right.
So
what
does
that
all
mean?
So
one
thing
that
we've
done
over
at
Rook
again.
B
Take
a
different
process
so
swapping
between
usdc
and
dye,
very
low
impact,
very
high
level
or
very
high
end
of
reversibility?
Should
that
go
through
a
16-day
voting
process
that
everybody
has
to
get
behind?
In
my
opinion,
probably
not,
if
is,
is
it
going
to
be?
B
You
know
swapping
usdc
into
Shiba
Inu,
because
we
want
to
get
super
Degen
like,
hopefully
that's
not
the
case,
but
something
like
that,
where
you're
moving
from
a
non-directional
asset
to
a
directional
asset
that
has
a
higher
level
of
subjectivity
about
the
performance
of
what
the
performance
could
be
and
what
are
those
risks
associated
with
that?
That
should
go
through
a
lot
more
parties,
whether
that's
even
a
committee,
or
whether
that's
just
through
General
governance
and
sue
a
16-a
path.
Those
are
the
types
of
things
that
I
want
to
say.
B
Okay,
what
decisions
are
we
making
from
a
both
in
operations
and
a
treasury
perspective
that
we
can
make
make
more
Nimble,
but
still
have
checks
and
balances
to
make
sure
that
we're
not
getting
too
risky
or
trying
to
to
move
to
move
too
quickly
and
taking
on
more
risk
than
we
are?
B
Then
we
should
be
identifying
so
I
think
the
16-day
voting
window
is
going
to
be
a
challenge,
but
it's
something
that
I
have
a
lot
of
comfortability
with,
and
it's
actually
my
biggest
priority
at
Rook,
so
we'd
love
to
come
in
work
with
the
devs
who
are
close
to
like.
Actually,
you
know
making
the
execution
happen
from
a
voting
standpoint
to
what
happens
on
chain
and
said.
B
Okay,
is
there
rule-based
logic
that
we
can
create
that
everybody
can
see
that
still
goes
through
General
governance
and
gets
buy-in,
but
once
that's
in
place
would
give
us
the
ability
to
react
to
Market
forces
and
to
take
advantage
of
opportunities
much
more
nimbly,
so
I'd
say
that's
probably
the
biggest
priority
from
a
foundational
perspective.
It's
going
to
allow
me
to
be
able
to
do
or
anybody
else
do
a
lot
of
other
things
as
well.
A
Yeah
and
I
think
that's
actually
something
that
would
is
helpful
across
DXL
like
I.
Think,
basically,
you
know
all
proposals
are
not
created
equal
and
having
some
delineation
in
terms
of
processes
and
kind
of
input,
but
I
think
at
the
core
of
that
is
not
so
much.
Oh,
these
things
don't
need
to
go
through
these
processes,
it's
more
of
like
well.
A
We
can
just
transparently
move
this
forward
and
everyone
else
can
kind
of
watch
that
so
I
think
that's
true
for
treasury
stuff,
but
I
also
think
that's
true
for
a
lot
of
other
proposals
and
geek
style
like
trying
to
figure
out
how
we
can
bucket
those
into
different
processes
just
on
the
16
days
thing,
so
that
is
only
a
requirement
for
interacting
with
an
arbitrary
smart
contract.
So
we.
B
A
Have
a
multi-call
scheme
that
passes
in
eight
days,
that
is,
for
whitelisted
contracts,
but
right
now,
Cal
swap
is
not
whitelists.
That's
why
we're
using
it.
That
may
be
something
it
would
be
helpful
to
get
kind
of.
Take
some
effort
to
just
I
think
you'd
have
to
redeploy
a
Smart
contract
with
the
white
list
of
ones,
but
going
through
the
process
of
like
what
are
the
contracts
that
we
want
to
have
of
whitelisted
through
this
multi-call
scheme.
A
Have
we
tested
them
in
different
ways,
and
so
establishing
that
I
think
would
be
helpful,
and
then
we
can
figure
out
how
to
like
move
that
yeah
get
that
integrated
existing
multi-call
I
also
think
there's
an
opportunity
to
do
this
even
more
specialized
and
have
something
like
another
scheme
that
could
be
like
three
days
precisely
for
those
things
you
were
saying
like
swapping
from
die
to
usdc
right,
if
you
could
like
permission
that
in
in
one
way,
I
do
think
Dave
is
making
a
good
point
here,
though,
that
you
know
it's
highly
dependent
on
the
custody
of
funds.
A
A
This
is
what
we
get
into
like
some
of
the
you
know,
Copart
key
and
and
avant-garde,
who
are
able
to
provide
that,
like
non-custodial,
but
quick
decision
process
by
having
these
vaults
that
have
pre-approved
actions
that
you
can
take,
but
the
Dow
still
maintains
sovereignty
and
custody
over
the
funds
and
could
withdraw
them
at
any
time,
and
it's
only
like
a
specific
approved
actions
that
they
can
do
and
so
yeah
all
these
kind
of
challenges
to
to
balance
here.
Yeah.
B
I
think
you
know
what
like
Copart
key
has
developed
is
a
really
great
tool.
I
think
this
goes
back
to
like
a
really
high
level
ethos
is
that
if
you
guys
see
a
problem
and
it's
a
governance
problem-
and
you
guys
are
developing
governance,
Solutions
right,
I
think
that
there's
a
there's
a
potential
to
create
like
new
products
and
that
and
that's
why
I
want
to
do
what
treasury
funds
is
leverage
the
treasury
funds
to
incentivize
others
to
use
your
product
Suite
or
develop
these
new
products?
B
Well,
that's
a
new
feature,
so
you
don't
have
to
rely
on
this
external
fault.
That's
been.
A
B
I
mean
there's
a
situation
where
you
know
in
your
in
your
actual,
maybe
I'm,
talking
to
my
ass
a
little
bit
here,
but
with
your
governance
solutions
to
develop
almost
like
your
own,
rule-based
logic
and
and
Vault
of
your
own
right,
instead
of
continuously
having
to
potentially
pay
fees
for
a
product
that
was
developed
by
an
external
party
at
one
time
and
may
have
bugs
that
way,
you
guys
can
control.
You
know
if
again,
if
owning
custody
is
still
highly
important,
you
would
have
custody
and
control
of
those
smart
contracts
and
I.
B
Think
that's
a
better
solution
longer
term
so,
but
totally
understand
the
custody
aspect
of-
and
you
know,
I
think
self-custody
is
something
that
would
would
almost
entirely
be
something
I
would
try
to
honor,
except
in
a
few
cases
of
like,
like
dues
and
subscriptions
and
other
like
operating
costs
like
if
it's
just
paying
like
G,
Suite
or
like
I,
don't
know
some
other
dues
and
subscriptions
that
you
know
happen
every
month
and
you
don't
have
to
write
a
proposal
for
it
every
time.
B
So
those
are
only
a
few
situations
where
I
see
custody
being
something
that
would
maybe
go
out
of
the
treasury.
A
I'm
just
reading
Dave's
comments,
but
he's
screaming
Foss,
which
stands
for
free
and
open
source
software,
and
so
that's
like
a
very
strong
yeah
free,
open
source
software.
That's
very
strong
belief
here
in
that
you
know
the
decentralization
ethos
limits
speak
style
in
a
lot
of
ways
because
it
yeah
creates
these
obstacles.
We
have
to
work
around,
but
you
know
in
the
the
same
coin.
It
also
gives
us
the
opportunity
to
develop
things
that
are
freely
usable
by
everyone
and
that
will
not
have
rent
extracted
from
it
and
I.
A
Think
that's
yeah
in
talking
about
fees,
I
think
that's
an
important
thing
to
to
think
about
long
term.
Is
you
know
the
benefit
of
using
smart
contracts.
The
benefit
of
like
having
Defy
is
that
so
much
of
this
can
be
automated
and
is
not
need
to
be
done
by
like
a
single
yeah,
individual
or
company,
and
that
but
there's
yeah,
I
think
there's
a
lot
of
cool
products
being
built
now
and
I.
Think
a
key
component
of
it
is
how
it
will
integrate
into
governance
and
so
I
think
that's
yeah.
B
Yeah,
maybe
one
tangent
I'll
say
about
you,
know
false,
because
I
guess
I'm
saying
that
with
the
cool
kids
these
days
is,
you
know,
has
it
relates
to
like
why
I'm
in
the
space-
and
maybe
I
should
have
said
the
top
of
the
hour
or
whatever.
B
But
you
know
my
background
as
a
mergers
and
acquisition
like
I've
I
own,
my
company,
which
I
don't
really
spend
much
time
doing
it's
just
automated
at
this
point,
but
I
could
have
probably
sat
there
and
focused
on
my
company
and
made
a
lot
more
money.
But
in
the
end
my
passion
lives
here
in
my
goal
is
to
make
as
much
impact
as
possible,
and
we
we
do
that
through
smart
contracts.
We
do
that
through
false
right,
like
that.
B
That's
why
I'm
in
the
space
is
because
you
know
I
have
two
kids:
I
have
to
throw
them
away
and
I
want
them
to
grow
up
in
a
more
in
a
world
that
emphasizes
more
on
chain
processes
where
people
have
more
sovereignty
over
their
assets
and
their
ability
to
transact
and
and
interact
with
each
other,
whether
that's
through
social
media
there's
and
there's.
B
So
many
Primitives
that
need
to
be
developed
to
enable
these
type
of
things
to
happen
and
I
think
that
DXL
could
definitely
be
a
really
critical
part
in
a
building
block
to
help.
You
know
a
lot
of
people
grow
and
Blossom
and
to
be
able
to
enable
you
know
that
Vision
I
have
for
the
world
and
that
my
hopefully
my
kids
will
be
living
in
so
big
tangent.
A
Big
Ideas
there
you
go
cool
other
questions,
comments
for
Daddy,
Maddie.
A
A
Actually,
I'm
not
going
to
Breckenridge
but
that'll,
be
it
Burger
does
not
buy
so
we'll
be
able
to
chat
there
a
little
bit
and
then
also
I,
know
avant-gard
and
some
Sparky
people
are
going
to
be
there.
A
So
I
think
it'll
be
an
opportunity
to
chat
a
little
bit
more
and
see
if
there's
a
solution
that
would
work
for
Geek
style
and
they
could
yeah
and
then
what
that
is
so,
maybe
by
early
next
week
there
will
be
kind
of
some
more
thoughts
on
process
recommendations
for
going
going
forward
here
and
yeah
I've
been
talking
with
I
guess,
Melanie
yeah
Melanie's
on
the
call
has
also
been
chatting
about
how
we
kind
of
manage
this
process
because
as
they're
saying
in
the
chat
right,
this
is
the
same.
A
You
know
this
was
a
the
treasury,
new
treasury,
Stewart
advantage
or
whatever
was
approved
in
the
in
the
budget
and
then
for
the
operations
Guild.
So
there
was
a
certain
amount
of
proof
to
that
and
then
there
was
like
an
ongoing
process
for
finding
an
individual
contributor,
and
then
we
have
just
interesting
ideas
of
setting
up
a
new
treasury
Guild
or
maybe
getting
an
investment
manager
involved.
So
we're
kind
of
combining
all.
B
A
Together
and
yeah,
it's.
A
Interesting
process
to
help
de
style
think
about
what
it
wants
to
do
is
treasury
what
are
kind
of
the
Strategic
goals
and
everything
with
that
so
yeah
any
questions
or
thoughts
on.
B
I
was
just
gonna,
say:
Rook
we're
having
a
booth
at
Denver,
so
anybody
who's
interested
in
what
we're
doing
or
treasury
or
just
wants
to
talk
to
me
really
would
love
to
kind
of
chat
a
little
bit
and
then
I'll
also
be
trying
to
meet
up
with
you
guys
as
well.
So
if
you're
at,
if
you're
in
I
mean
Denver,
would
love
to
have
a
chat
with
you
guys
as
well,
and
maybe
you
can
ask
me
more
hardcore
questions.
A
A
Out
like
what
should
we
be
thinking
about
and
doing
those
there
so
yeah
if
you
want
to
check
those
out
in
the
in
his
post,
that
would
be
great
awesome.
A
Last
two
things
I
think
also
worth
checking
out
here.
At
the
end,
there's
been
a
great
post
by
venky
on
swapper
token
next
steps.
I
think
this
is
a
big
issue.
We've
been
chatting
about
for
a
long
time,
so
it's
great
to
see
something
in
the
Forum.
Someone
encourage
any
and
all
to
have
a
read
and
give
comments
and
feedback
on
it
and
then
yeah.
Last
Thursday's,
DC
monetary
policy
community
meeting
gave
some
updates
on
the
redemptor
and
buyback
stats
here.
So
you
can
go
there
for
the
latest
stats
on
that.
A
A
Thanks
everyone
for
joining
Maddie,
thanks
for
taking
the
taking
the
time.