DXdao DXdao Weekly, 28 Jan 2021

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From YouTube: DXdao Weekly Meeting #29 (Product Roadmaps) [2021-01-28]

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00:00 Start
00:49 Omen
16:36 Mesa
38:05 Swapr
59:50 DXbiz & DXcomms&mkting

A

Welcome to the dxdow weekly meeting this week. We are talking resource planning and we're actually going to be going through road maps for each of the products, as well as touching on biz, dev and communications, as well as its uh time permitting, but we have a lot to go through, and so each of the product owners will be giving a presentation followed by a few minutes for questions, and we are going to start with omen, then go to mesa and then to swapper.

A

um Geronimo is actually the product owner for omen. However, he had a you know: something come up and skye is standing in and giving a presentation for him.

A

So if you'd like to lead us off skye yeah, can you guys see the slide you can see? Besides, we actually see the whole thing. I don't know if you want to go into presentation mode, but yeah.

B

I'll, just whatever I'll just leave it like this, to make sure I can see the slides, I guess yeah, that's all right, all right cool, so this is uh presenting omen guild squad and the progress budget and goals for the next year um just really quickly broad overview of background. uh These are this is 2020 was when omen launched and the number like the three key numbers.

B

I think that we've, uh you know seen from the last years, 2800 uh unique users, 20 260 markets created in six million dollars in bets, and there were a handful of high profile ones that got some attention like the election markets and the some of the claros markets um and there's been a focus. Obviously we know gas has been a problem, so there has been a pretty big focus on thinking about like scaling solutions going forward.

B

um Here's a list of like some specific uh accomplish accomplishments around, like actual the actual product, uh lots of new things like from where it launched to what it is now there's like tons of things like scalar markets.

B

um uh Switching between, like more currencies, uh life cycle of like the markets like a whole set of improvements that I think have made omen a better product.

B

However, gas has still like remained an issue, so we don't actually know like if these improvements like what they, what they, uh what their like contribution is um to summarize, like the team, you know, which started as a really small team in the beginning of the year, like mainly led by gerotomo, is about five to six like full-time contributors like not, everyone is full-time, but when you add them all together, here's like the team with the skills that each person brings to the to the team, uh and so I'm I'm classifying it as five to six full-time contributors.

B

At this point and there's been 12 versions released.

B

uh This is just a quick overview of the okrs, which is what the roadmap, and um you know everything should kind of be based on, and so these key results that we've come up with for the year are basically like 10xing, the numbers that I just uh read to you, which were the summary of uh the prior year. So a 10x, you know 10xing those numbers which includes using uh the scaling solutions is a pretty probably aggressive target but like it's not unachievable, and so that would be like a good target to have in mind.

B

uh Scaling omen in 2021 is like one of the main initiatives and then there's some other cool things like conditional farming and other things that we could uh include in the lkrs, and this was one separate one to like, become a really popular dap on x die since that is the going to be the focus for omen for right now.

B

uh I'm gonna do the budget real quick before the road map um just to get it over with, but like the based on chris's sheet that he put together with a couple little changes of like percentages of time. I came up with like this 35 000 is like what is currently the monthly budget um for omen workers uh there's a little slippage around like plus and minus those, because not everyone is like totally full time.

B

But the idea that I had that we had for um 2021 is, as oman becomes this more popular product and these numbers grow and you know maybe revenue starts to come in and there's expansion and things there's gonna be a need to slightly increase the head count over like a gradual period. So in this case I'm just increasing from uh you know. Six, which is what it currently is in the first quarter of this year. Adding one hand count each quarter at an average like the average salary is around seven um 7k.

B

So that would that's what the quarterly budgets look like for a total budget for the year of 546..

B

You know- and this is like obviously up for adjustment depending on the progress that that goes on and the needs that come up throughout the year, but that's to give like a rough dollar amount of like what you know not in the past. But what omen budget could look like for this year uh and so roadmap. This is the start of roadmap. There's a bunch of pages and I'll try to go through them rather quickly. But scalability is like really like one of the biggest focuses we have x di x die chain, that's coming.

B

Obviously arbitrary is the exploration and maybe expansion soon and then, potentially, if appropriate, there's uh the option to look at other layer twos I had on their other layer ones as well geronimo, and I decided to take it off that we're probably not gonna get there this year, but that's something to keep in mind for the longer term future like like other later ones like cosmos and polkadot, and that kind of stuff too so um but scaling is obviously really important and once we're multi-chain, obviously, we've talked about like rails omen, dx dao.

B

How is how is the bridge? Maybe omen's, going to be the first product that you're going to have to like figure out the multi-chain world and how to bridge between them? So that's going to be a focus too uh there's a big initiative which gnosis is involved with, where there's like erc 1155 tokens in erc20 tokens we've been using the 1155s up to now, but the d5 ecosystem is built on erc20s.

B

So the question is: how do you make it easy to like go between these two types of tokens and um allow like omen tokens to get out there in the d5 wild, which would be pretty cool, um making omen more anti-fragile? So, like really like unbreakable um and then the big other thing is like order book functionality adding order book functionality into the amm trading. Experience is a really big unanswered question. Maybe gpv2 is an important piece, maybe there's other options uh oracles. So these are some more technical things like oracles.

B

We have api three initiative going. We can have other ones um embedded uh arbitrators. We have claros. We are we're just about to have dx dow as a possibility as well and then there's aragon and other ones that are possible. I think uma even expressed interest to be a oracle, slash arbitrator, uh maybe oracle. Actually, um here, like the user experience for omen, is like it's really hard to tell like summary of like what your activity is as a liquidity provider or a user.

B

So, like a dashboard slash, I call it xerion of omen like we need the the user like overview, has to be a lot better and that's gonna have to happen this year. uh Ux integrations lots of things like gelato is a way to, like automatically add subtract liquidity trade in omen based off of certain actions that happen in the in the blockchain world. So that's a cool, that's like very close to being at it.

B

I think it's being pushed to the next version, so it doesn't mess up the x die and, in the recent uh improvements, uh condition invalid market reduction, so finding ways to like make sure that we don't have invalid markets and we've been pretty. I think omen's been pretty good at that, but there's like more things that can be done.

B

uh User wallet experience, especially in the multi-chain world, is like one of the most important things.

B

How like, when you can get your friend who doesn't know anything about blockchain, to use, omen on x, die and bet on the super bowl without like knowing what ether is like. That's going to be pretty cool, so there's potential like proxy kit, with the gnosis, smart contract wallet and then there's other wallet experiences that can accomplish that.

B

I'm getting near the end here and then there's the business opportunities related to omen, which is ties in with business dx biz in general, but uh so conditional farming is something we talked about, which we can definitely do that in the probably the first half of this year.

B

We can get that out there for other projects using as well uh partnerships um and then the other big thing is liquidity sourcing strategy.

B

We don't really have a strategy for how to get liquidity into omen from people that know what they're really doing and professionals and we're going to need to come up with a better strategy for that in 2021 and then the last thing is just the overall omen token and omen guild establishment of both of those and how that fits into omen and the omen guild and when that's an ongoing discussion, that uh is, is ongoing.

B

Lots of you know variable moving parts in that discussion, but that's highly connected to the omen roadmap and uh I guess that's all so. That's yeah, that's a quick overview of all the different things happening. If anyone has any questions, I can try to answer them. Otherwise we can move on.

C

um Maybe one thing on the.

D

User experience, do you have any plans to you know, make it easier for other people to to participate. um I mean I'm not I'm not a big prediction- market user myself, but you know stuff like reality cards um or what was the other, this catnip exchange. They seemed like you know, super easy from a usability perspective. Yeah.

C

D

B

That's a great question, so the the erc20 wrapper, which is a thing that gnosis, has been building with protofire for the last year. That is the tool that allows this easy movement between an 1155 omen actual token a conditional token and turning it into erc20.

B

Once you have those erc20 tokens which have like the outcome of different markets built in and whether this is on mainnet or on on xdi, we can put those in places that are easier for people to use such as swapper such as unis, like that's. What catnip is running on unit swap so that um that flexibility between the erc 1155 and the erc20 is what allows you to create like those?

B

No like those dumbed down versions of how to take a view on a certain market um in the ecosystem in easier ways, and that also is what allows you to like. Do this conditional, charming farming?

B

Where you have this open market, you make a bunch of erc 20s that say like if this, if the liquidity in omen and sorry in swapper is above 500 000 in this pool for the whole year, like these all become worth one like you, you once you have those erc20 tokens, you could give those out to anyone in this ecosystem that you want to incentivize, and you can do that for basically anything because you can make an omen market on anything. Therefore, you can incentivize any behavior that you can come up with.

D

Okay, very cool and is: is that also like something that you guys have on your or or is that something that you guys want to focus on like build out? You know like these more simpler front ends, or is that something that you want to leave to other people.

B

I think, as a front end like we talk about using swapper because, like once, you have those tokens like actual on swap actually on swapper you're, literally just buying the yes token on swapper but a whole front end, which is I mean, catnip looks like uniswap. So theoretically, we could have a a portion like a like a app built into swapper for, like just you, click on like just prediction: market tokens in swapper and then there's like the markets in swapper. But I don't think you'd want to do a separate front end.

B

I think you want to leverage dx dallas products.

A

Yeah, we can basically do catnip by just whitelisting the tokens and swapper and adding like a filter in the swapper.

B

But even if you had to own your own little section like for omen, specific swapper could be could be an option, but it would still be in swapper yeah.

C

Okay, great presentation, thanks yeah.

A

Thanks, arguably better than catnip, because you can set the fees to whatever you want. Yeah.

B

Does anyone maybe we can talk about? I was like wondering what like. Maybe we can talk about the budgets compared to like relative to other budgets afterwards, um but it'd be interesting to build like what people think about that like rough type of budget right.

A

Yeah, I imagine we're not going to have time to really go in detail on the budget today, but I think this is going to put some. You know, put some stake in the sands and then it'll set the stage to have a deeper budget conversation next time or or we can schedule something specifically for that.

E

But I think it is helpful even just getting the conversation, because I guess in your um one of the things in presentation, I was interested like what type of investments or resources would be devoted to like marketing or brand awareness, because I think that's one of the things about like omen right now. It's like a you know it's kind of building a great product, but like how can we kind of push that message out there um more.

B

Yeah, so that do you think that that budget goes into like omen budget, or do you think, that's part like marketing budget covers all of the products.

E

Well, yeah, maybe that's when the discussion it should go to another, um uh a separate one, but I just think like omen should be. You know, sponsoring hack, I don't know sponsoring hackathons getting like the name out there um more and I don't know where that budget would um come from. But I think like that's that that's the only thing I just kind of saw that maybe I would add to to what you guys do.

B

I I think that that that should be a strategy across all of our products, and so that should probably be this budget was really focused on, like the actual just product without anything extra but agree. The extra matters.

E

A lot yeah and just omen really is like the product that is like almo is ready right now in a way right like omar next time. It's kind of competing in this. Obviously prediction markets are not as big as the other markets that maybe mesa and swapper are competing in, but like that's one where I think we could get a good roi on a marketing spend yeah.

B

So I just posted yesterday- um and I think this would be a good idea like once omen x, die markets like there's a bunch on there that are popular for one eath. You can you can advertise on with a company that has like over 200 billboards in crypto voxels and people that hang out in crypto voxels?

B

They will. They will be the people that are betting like on omen markets on xdi, so like we can. We can target them for, like one eath for like two weeks and like on hundreds of billboards is pretty cool cool.

A

Great job skye, I think, we're right on time there. If we can transition now into mesa and give martin the floor.

A

F

I'm here, okay, so I'll share my screen.

F

Where is it yeah so um some background, this attacks nico wrote and maybe you can read it for yourself. I didn't have like a team section.

G

F

To give you a over you on the team now is nico on the smart contract side, martin you're a bit quiet. I think it's yes, nico! On the smart contract side, we have bertie's doing the starts doing the design mvp design.

F

Then we have adam who did finish the prototype or today we can have a look afterwards and there is. We are onboarding, maybe level one death and maybe level three left. We will see so yeah three people full time right now with me. Yes, so this is the background that we want to make open um audio platform, and I I made some yeah.

F

F

Sorry so some birding. Basically, I only um talk about two birds and that's what I call investors and investors are the users who use who invest into an audio and then the other is in audio project is how the project is doing an audio, because I use it quite often so and that's clear that it's clear what these there's all some other wording stuff, which you can read yourself, then again.

F

The reason why to retire mesa, give a short overview. Mesa did found that mesa dexted found like a product market fit in selling tokens for idiots, and so we decided, but it's in a way too complicated and also over-engineered.

F

So we decided to take the mesa as a brand and and do it do everything else, new from the ground up having other sale mechanism and also doing a new front-end and dashboard.

F

So the new mesa is different. Nasa will have just the front-facing interface for for the investment investor and we try to tailor the this um to um to the sale mechanism we are using. Then we also try to reduce the information as a mid tree, because we, I think it's important- that people understand how prices achieve in sale and if the sale mechanism is quite complex, then you have to to work on that people can understand what's going on in the background, so we have in the end.

F

We have we'll have different sale mechanism because I think different projects ideoproject need different sail mechanism, but we start with one, and this one is a- is an adoption of the easy auction and same aqueous from knossis.

F

I call it now a point touch auction, because it's like a dutch auction who is closing on a point, then this is a short overview about the road map. I show I'll show it again afterwards. I talk about the road map, because then you have more context.

F

So this should be the first six months in a way, so the roadmap, the q1, would be um to make a prototype for the first sail mechanism, and it's attempted to finish some work for this today and you can have a look afterwards. So the design is settled for mid and february. We should have to design.

F

Then the audit of smart contract will be at the end of february. Nikko is working on the smart contract. Then we I had the idea. We had the idea that we maybe can use the prototype and make a simulation out of it, because then people can use it before they even invest. They can try out and see how the price is going, how the interface is going to work.

G

F

They don't have like to make translation transition and say transaction wheel, real transaction also in the end also for the people choosing have to choose between different sale, algorithms for the audio projects, they also can try it out, and my goal would be that you can also that you have like a platform which resets every 24 hours, and then people can use it. Also together they can use and make bids and then see what the end price is is going to be.

F

Then, if omen is ready, we may do if you have finished the mvp. So if we then make the mvp which really should be on chain and working, we may use it for the mvp we may use for the omen. Token sale. We don't know if the token is already ready, then, and but it would make sense sense to dog fooding and see how stuff is going to work.

F

Then. I also had the idea to do maybe like something like a mesa voucher, token sale, because I assume that in the end we will also um sale, sell, make a mesa token, and so we could, like. I had idea to make like a voucher for this sale who is later ongoing, because then we can.

F

We can test our products in a way. So mighty is that if you take part in a mesa vouch token sale, this voucher will give you access to the token sale of mesa at the end, and so we can get some engagement from the community and yeah. But this is just an idea.

F

So the idea is up after three months and of march we should have a working product. That's that's the goal then, and we only have at this point. We don't have like a dashboard for the invest for the projects doing the ideo. We only have like a front interface for the investors and that's what we do on the say on the um on the the next step. We do a dashboard project prototype for the audio projects.

F

Then we try of course onboard more ideals. Then we will have a second sale mechanism to integrate and we also work. The main focus will be on the dashboard, but for sure we have to to polish the front end for the end users. For the investors, maybe we also will try, have a sale on xti.

F

If swap is ready, and then you also want to integrate like a low listing, because if we're going to make like private sales, we need some system they're only restrict where all restricted token holders or people can take part, and maybe we will make the amazing mesa tokens at the end. If we have time to do or if we achieve this, so I show again the that's aroma, it's the same as before, exactly so, but it should be the three months we are now in and the next three months.

F

Then we have a look about the outlook, so we would need more ideas doing working with us. I know the target volume. My would be 100 millions in the first year. It's quite I don't know if we will reach that. But if you have one big sale who is like api three, then we can yeah. We may achieve this also because we take one percentage fee. That's my thing we should do so. Maybe we have also we have some random revenues.

F

Then we try to make two more sale mechanisms you have. We need a simulation for all of them. Most of them may be only like fixed price. They don't need one. Then we will look into maybe have a partner for regulated sales and because it's an open platform. We also have like to extend the smart contract side to maybe to be able to integrate other mechanism in a maybe even in an open way that you just just can.

F

Tell us you need a vote about this one. Then we have to review the same mechanism and maybe another other thing to on more about the easy to easier onboard people is make making a mobile app where people directly can invest from fiat to crypto in a sale. It's not my idea, it's an idea of of somebody. I was talking about the ideas and they have they work in this direction like style, and maybe they are open for collaboration with this.

F

Then we also can write in a way you can the easy, the touch point or auction mechanism we use now in a way. You can also use it for over the counter trades, because if people can in the back end in a dashboard say I don't make an idea. I sell a token now you know eve or whatever it is, and they sell it over one day, and this is the amount I want to sell and people can just bid for it and in a way it also fits like very low liquid coin.

F

You know you can sail one to an amount of token over, maybe two weeks or so so, but this is to explore this really different innovative.

F

Then uh I have some more about. I don't know if, if what's the time yeah do we have some more time?

F

Okay, so it tastes more into detail the prototype, and I think I want to show this because it's really yeah it's working right now and.

F

So yeah I have to switch it.

F

ah I have to switch to the screen.

F

G

F

Restarted so this is the first you have like the first page and you go to simulation, and then you see how the beat stays this random. Now it's generated random. It doesn't make this much sense, but it's when we generate bits, then you see how the price building up. Then you can make your own bit.

F

And then you see here here where your bid is, it needs a little bit more more work to see how the price is. Building the virtual price building up, it's just a version to see and play.

G

F

With the interface I post, the link here.

F

Go back to the presentation, so we have the prototype and we will use this prototype. Oops yeah, that's a screenshot. We will use the prototype to make a simulation out of it. Then the mvp as an overview. As said we may make a minimal interface film. With investors we may have a we'll have a different, more professionalized design.

F

You need. I have a heavy focus on the chart that people understand how the sale is working and what we not do is a dashboard for the id project.

F

Then, in the on the smart contract side, we will have like a factory because we want to use for every cell say we want to use a new contract. So we we deploy a new contract for every cell. Then we have we'll integrate the minimal settlement price so that people don't sell the token too cheap.

F

Then we will also integrate the minimal funding threshold. So if you don't reach a certain amount of funding, then the sale is just not going to to settle.

F

We will make the fee, so we will take v on both sides, because after the cell, we want to initiate the swapper pool and forward the fee to the swapper pool to have initial initial aftermarket trading.

F

Then what we may do is a random end for the dot point point uh touch in a way that it's random is difficult on chain, but there's a way you can achieve random and the easiest way is that you say you don't say that now, randomly the sale is finished.

F

You say there is a time where the finished is that the bits are uh where you there you're, not hundred percent sure if the bits in the sale are out of sale- and you achieve this, as you say, is like the this point: zero and afterwards people can still bid, but then, after hundreds blocks or so you jump back in the time in a way, and you kick all kick out all the big bits who are on the wrong side.

F

So you jump back randomly, maybe 40 blocks, and so, if you beat this so if there's point zero and you have hundred blocks afterwards, then if you did bit in the 60 blocks after point zero you're still in. But if you make the bit in the 40 40 blocks from block 60 to 200, you will just be out of the bid, and this should in a way achieve that people can still beat after the sale is finished in a way. But they are not sure if they are in so that we assume.

F

Maybe there will be no gas for us, but we don't.

G

F

See how we break this and it's we we we will integrate it, but maybe we won't use it because in a way it also makes the interface much more complicated. People have to understand this that it's going to work like this in the background, and so the interface gets more complicated and we will test out yeah. We do the simulation I already talked about and I think that's it.

F

This is some smart contract architecture, you're thinking, oh nicodet drawings on- and I don't talk about this now. You can see yourself on the presentation yeah. That's it.

F

So any questions.

D

Very cool um one question, especially like the q1 roadmap, uh look, look quite ambitious um like how did how did you? How did you uh uh arrive at this? Is this, like I don't know,.

F

D

The bottleneck.

F

Right now it's it's the team we have just. It depends how much dev power we have. You know I try to onboard um people are, we are still are and yeah. That's like the the main issue.

D

Okay, so the assumption is is made for q1 currently on the available team members, or did you make it.

F

Yeah, it's it's assumption that we have like one more front-end death working like full-time. We have now adam and we are on boarding another one, but we don't know if it's going to work out.

B

F

The onboarding process is is somehow yeah. It takes time.

H

F

Cool, but in a way it's also because now we have like to see the prototype, it's also easier to onboard people, because if you go to extend this into a simulation, people can work on issues and work. Now we have like a setup where you can start work and making issues for people onboarding till now. It was like much more difficult to do.

F

G

I was wondering also: uh are there some designs ready for the front and so how it will look like or.

F

We have you know, there's a vote up for bertie bertie is doing the he he he.

G

F

The design for the mvp and he works- he should finish be end of february. Mid february should be finished with his work and then this little bit of new front, then yeah cool he's. This just started working these days and uh yeah.

B

Yeah, martin, I think, like the the like the outline and everything I think is really awesome. um This seems like the pro the type of product, as we know like there's a bunch of people that are that see that saw this space and are trying to like maybe enter the ido space. So at once you have the mvp and you try it out.

B

It's really going to be the product that has to change according to like the needs of of the people right of what the actual consumers want in addition to what other competitors are offering. So it's like a really dynamic. I think this is.

F

B

More dynamic roadmap than like what omen is um yes,.

F

You know, because I discussed whitney.

F

Great idea, so we discussed how graph is doing stuff and in a way, maybe there's another focus about token cell and then it's much more that you try to to to make more social platform, because in a way there's enough capital around so but people but projects also need users. You know they need users and they need like developers using their stuff, some of them.

F

If it's technical, so one possibility would be go in a direction that you try to more be like an education platform, and then you like, if you do stuff and use the early stage product, you get the permission to be in a token sale. So because, in a way you know that's, like I don't know it depends. You know I myself, I I'm not into selling like every token who is out there in a way. You should like a brand.

G

F

If, if we do like protect our brand, then I think we should work for the ecosystem and for people doing interesting stuff. It's not that we can't do like normal sale, but maybe we also need a second brand for the for the mall. I don't know yeah.

B

What you do, what you just described like as a as an as a over like as a as a platform, is almost like coin list right except coinless is like the centralized version of the way you described so mesa could become like the decentralized version of what coin list does, which is like bring this communities through the entire thing, including the sale.

F

Yes, yeah, that's uh you know it's just about if you think about roadmap, there's enough to do so, it's just that we need yeah and we need a bigger team. I think.

D

I was quickly just I was quickly disconnected, but did you also talk about uh the budget for this.

F

No, no, we didn't I I didn't do. I did anybody for this because that's in a way yeah, we have to discuss it at some point.

F

H

Money we gonna spend for.

F

This, but I never, I didn't think in this direction, I'm more thinking getting more team members and getting stuff done.

A

Yeah we'll have to address. I think we need to follow up on the budget conversation like kind of have a dedicated budget conversation, so it would be good if, if we could put together something um from mesa on that front as well uh but yeah once once, the staffing is clear what the needs are, then we can kind of put the put together a budget for that.

A

F

I think that's it.

A

Okay, great, shall we move on to swapper? Is that? Are you ready.

E

Yeah I'm going to just get my screen. Chris will come.

G

E

Let's see okay.

H

Awesome awesome so I'll go through the product roadmap here for q1 and q2. You probably already said seen the q1 and we in the middle of it.

H

So I'll start from the q1 here where we are planning supplied liquidity from the style, and the idea is to do it before the beta, but um we might do it together with when we are launching liquidity mining on swapper beta, because the launch of swapper beat is going to be really soon. I think we are building the interface for liquidity mining and it makes sense if we do some kind of program together with that.

H

So, um yes, we yeah liquidity, mining and condition farming, I think, will be releasing those at the same time and.

H

We will probably try to release one l2 integration. It might be arbitrary, actually, first because we're already working on that.

H

And but we are planning actually to integrate to all l2s, it's both xdi and arbitrom. On xdi. We we wanted to integrate xdi because of misa, but that plan didn't went through because we had. We had a partner that we had a program we wanted to to do together with them and that got postponed. So we don't actually have a reason to do x-type before arbitrary.

H

We might do them both. At the same time. I think it's a good idea to do one of them at the first and then the other and to do any l2 integration. We need some kind of l2 bridge so we'll try to release l2 bridge on to swapper.

H

um We are planning and trying to find uh trying to find an external team to to help us with the uni swap and sushi swap integration. Sorry aggregation into swapper, so that's planned for q1. It might be delayed to q2 actually, but we're planning for q1 and and the last release for q1 will be governance for pulse and that will also set the the release of swapper v1, which is the one where we start promoting.

H

So that's like three months- maybe four months of this year and after that I I kind of like I'm, not super detailed.

G

Here on the on.

H

The order where we're going, but one of the things we need to move from is actually the stamp of being a uniswap copy or clone, and one of the ways to do it is actually having our own design and and doing our own thing.

H

uh So dick styles, own design, would be for the v2. I don't know if we're calling a v2, but let's call it v2 for now, a user dashboard where you can see your coins and and maybe see your like, you can put some some coins pinned you want. You want to like check, check out every day or something like that. So some kind of user dashboard.

H

And integration to misa, where we are much closer to misa and and want to be able to move from nisa ideo to an aftermarket to swapper.

H

Some, a big idea I have for swapper is also builds, build a marketplace or plugins. I don't know what we should. We should call this, but the idea here is to open up swapper to the community to be able to build stuff on swapper, so some kind of like lego version of swapper, where we give space where you can put in anything. Actually.

H

So one of the components I think we gonna build internally will be live shards and trade history, so that will open up hopefully for community built tools, and my idea is, is, I think we can we're gonna find uh like the community will build a lot of stuff that we didn't think of and and also there's a lot of really awesome tools out there.

H

But all every tool is separate and there's websites and people jumping back and forward in between websites when they're doing their trading, and I think if we open up so people don't need to go to website. They can just actually add those uh plugins some or we call add-ons to swapper. That would be a huge step.

H

So yeah, that's that's the product roadmap and there's a lot of more details I didn't put in here, but.

E

Yeah and then just to kind of we had some notes that were backing some of that, um and so I think one of the interesting about swap burgers.

E

There has been so many different people that have been working on it in various different ways, and so I know sky was mentioning how omen has kind of a bunch of different people on it, and obviously the same thing is true with swapper, um particularly because some people have been working in the past on it, um and so uh this is kind of just people that have been working on it and and doing uh different, different components of it um and then just I'll.

E

I should share this actually the link in there, um so these are just what what um uh what's what uh zep was talking about there? I think the the uh maybe the two things just to add from what he said um are the router aggregation, which I think really could make it a very competitive front-end product in the short term, and that's not necessarily something that will drive fees in the short term, because that the trades will be rounded to sushi swap and unit swap.

E

But it is a way of getting uh traders to come to um come directly to swapper and then the lp governance interface. I think that's another opportunity for us to kind of own a different part of a projects or communities interactions, um because uh we obviously with swapper you can adjust the fees um but maybe introducing other governance capabilities or just um kind of uh from a ui perspective kind of encouraging other governance.

E

There, I think, would be helpful um and this is um some of the texts so as just to recap the things that seth said the layer, two, I think, is a huge opportunity for swapper, as that's kind of probably the secular trend that we see throughout d5 this year and I think there's some benefit to swapper. As uh you know, it's easier to go wireless if you've never been wired.

E

So I think a lot of projects will be thinking about the migration process to layer two, um and I think that could be opportunity for swapper, um because it's kind of building it out. It's it's uh liquidity for the first time. I do think this is also something we can think about incentive programs. um Obviously the omen and mesa mentioned possibilities of of a token. So that's something I think we should consider, um particularly as it comes to driving uh liquidity to uh layer. Two uh and zeb was talking about enhanced user experience.

E

I think that's something that that's that's got a lot a lot of great ideas and is again there's like a huge open space on the market there um to innovate. Past the uni-swap uh lev uh basic strike, uh design there um so two other things that I think are kind of important. After, like the v1 launch, um I think we need more partners, tokens and products, um so I think swapper kind of can be something that dx dow has in its arsenal to.

E

uh You know when it's negotiating partnerships with groups when it's uh obviously with mesa, maybe as we mentioned omen, if they kind of use the catnip like uh design, that would be something for swappers. I think there's a lot of things that swapper can benefit from the dxdow ecosystem.

E

um I also think it's an opportunity, maybe for synthetic assets right, because dx dow itself could um actually even fund these synthetic assets, uh and uh that would be a huge opportunity. uh I think to distinguish uh to have distinctive products for swapper, um and then one of the things I think is important. We think about like resources for swapper. um I do think we need to be thinking about the next generation of swapper. Right I mean uniswap.

E

V2 was obviously a very powerful platform, but they're already thinking about v3 balancer obviously has has a lot of capabilities in terms of the adjustable weights to uh to the uh liquidity pools, uh and I think swapper wants to be competing in that, whether that's something that we're researching the new ones coming out- or I think maybe potentially bringing on a researcher to look into this.

E

um I think, particularly in figuring out how to integrate with a lending protocol in some way, because I think how capital efficiency will play out will be very tied to the lending aspect of that. um So obviously dxdow doesn't have a lending protocol.

E

So I think that's something that we'll need to kind of think out, and so I just put kind of getting into the the budget area um and in this dock there's uh links to a little bit of a uh spreadsheet, um and here uh this is definitely much more forward-looking and almost like a wish list, because I think for a lot of the teams and resources, it's like what can be done.

E

What do we want to get done, but can we find the people to do that and, if not maybe we're uh looking for other um contractors that can fill that. um So I think, like in the the left side is like, maybe in six months, this would be like the perfect um capability. So I think we need a lot of front-end work right now. So, if that's something we could, I think we need uh maybe full-time four people.

E

um I think there's a need for another kind of smart contract developer that we can have working on this again, especially as it comes to looking at swapper like the next generation of swapper um too, and then yeah. I think we need uh the marketing component. We were talking about with omen and mesa. I think, like these products are getting to the point, we'll need to invest some resources there um yeah and then the other cost.

E

um Just to you know, I think auditor, as I said, amm researcher, um if we're outsourcing any development kind of paid marketing uh sponsorship and gas deployment. um Oh this sorry, this page should have been there. um So I put some like numbers on those and kind of some of the the potential uh uh the uh work worker level for those, um and so I kind of came up with this and so for each of them. I know we're not gonna get like four foot front end developers immediately we're not gonna get.

E

You know a great smart contract developer next week, um so this was maybe an expectation of how these costs would roll over in the next six months right. So um at six months, maybe we do have like a team of seven or eight there uh and kind of doing that there. So you can see what the monthly burn would be um for this, and it does include things like. I think it includes like 25 000 in auditing costs. um I think potentially like 15 000 for an amm researcher.

E

I think we could kind of just sorry. I think we kind of just put out like a uh almost like a research um rfq uh request for quote, but for some like researcher to to kind of uh do that and then um yeah, I think, paid marketing and sponsorship. I think I had like fifteen thousand dollars in uh and then like a five thousand dollar dxd allocation there um and then gas deployment um only because I know that that's what yearn has is like a as as part of their budget.

E

So I think we need to be uh counting it in uh maybe some of the costs there um yeah, so that was kind of uh from what I uh had working with set. And then I think this is the the prettiest page to maybe stop and hear some comments and.

H

Questions you um christopher's you asked about. If uh our bedroom is uh centralized.

D

Yeah, that was like always my my understanding, because I think it's a for-profit company and I don't think they want to launch a token and so.

I

I always understood it to be uh pretty centralized, but could please correct me if I'm wrong.

A

I believe what they're doing is uh very similar like goals as optimism uh and what they're doing with their optimistic roll up. So I mean I guess it depends a little bit what you mean by centralized. I do think they will probably be operating um some of the nodes and stuff at first and I'm sure they have a plan to kind of make money somehow on the layer two. I do think they want to service, um probably multiple blockchains and multiple industries too.

A

So I think it may vary a bit in terms of what they offer to different parties. But um in terms of like what launch a which is planned in march, it will be an optimistic roll-up, which means there'll, be some kind of a fraud proof system where you can um exit to ethereum so you're.

A

Basically, if that works, you know I mean this is the first of its kind to come out, uh but if that works, then you are inheriting the security of ethereum itself, because your funds are like withdrawable um and but they will have an admin key at the beginning. This is kind of like those safety wheels similar to like how optimism has a bunch of uh checks and kind of like at centralized backstops at the at first here so yeah. I wouldn't call it centralized, but I mean there is some nuance to it.

D

Okay, yeah, I mean like for me, uh it was. It was just me like about the business model behind right um if it's just gonna be like operated by by one.

D

That's kind of like what made it sound like centralized to me, but I don't want to citrate the conversation.

A

Sure yeah I mean this is worth exploring more tubes and I think maybe we don't fully understand what their business model is. They don't have plans for a token whereas, like uh I'm, not I'm not sure if optimism does implants or not but yeah, it will be something to kind of follow and dig into more for sure.

H

Our goal is to have something decentralized. Obviously we would not be super yeah. We're super tough with that. But if, if, if their plan is not to be decentralized or completely decentralized, we might like just switch that switch that off or or change to another, what we are doing now with orbit room and implementing orbit room. We we kind of like frederick, is working on. He. He created a script which will help us implement other l2 l2 solutions.

H

So next, next time we will implement an l2 is going to be easier, so yeah we're kind of like preparing for for l2s. It doesn't need to be arbitrary, it could be anything and the thought is like we should be able to launch swapper on any l2. That is like a evm and like there's no reason not to do it, but the only reason I see why we shouldn't is because we need liquidity on each each one of these. Then we don't want those ghost towns, but if there's a case, we launch it.

D

Okay, very nice. um Is there like any plan for for, like a native token, as well on swapper as it is like uh on for allman and mesa.

H

I would I wouldn't say short term, uh but yeah we're exploring the idea. What do you say, powers.

E

Well, yeah, I mean I, I think that to me, that's where the layer to conversation when you get into like actually trying to attract liquidity could be really interesting. I think what our our kind of perspective on like tokens is like if it makes sense and if there's a reason to do it, then then that would um then we should, I think, like right now.

E

It doesn't really make sense, because I don't think we want to like compete in the farming wars right now, um but I could see that making sense if liquidity is moving um to away from the ethereum main chain to try to uh use a token as a way to capture some of that, especially as it gets to like multi multiple different l2s, because I really think like swapper could be like almost like a home base or a bridge or a subway whatever we want to say to go through the different um l2s and use that to just distinguish it.

E

I would say broadly, like I think your thoughts on tokens are have been absorbed into the community.

D

Yeah I mean I didn't want to like expect, like you know, like a specific kind of something. I was just like curious to hear like how you guys think about it, but yeah it sounds pretty cool. Is that just like? Maybe last question? Is that already like a specific launch date for swapper.

H

What was the question.

D

There, like is there already like a specific launch date for swapper.

H

Swapper v1 yeah uh not date. I wouldn't I wouldn't uh dare to say a date, but uh swapper v1 is is planned to be launched in the end of q1. That's that's the idea so like we are, it depends like if we need to wait for, let's say uniso swap aggregation and it will take a lot a lot of time.

H

Maybe we will move that to another like we will not include it into v1 and launch it without aggregation, but but the plan is to to have aggregation for v1 and that might be delayed because we don't have a date for for aggregation.

H

But yeah end of q1 is the idea.

E

But I use swapper now right if you're buying, dxt yeah swapper is.

B

Live it's just the alpha version of it, and once we now that multicall is live once we can put the external liquidity into it. It's going to become a lot more live and like it can start being integrated into aggregators and all that kind of stuff.

H

Yeah, so it is just do the soft launch when, where we're not really promoting swapper and like testing on mainnet and and then doing these steps uh step by step before going in too large and and so we- we have a couple of things we are launching now, and next versions will be with the liquidity mining, which is a big thing, and the governance will be on ve1.

H

A

Great presentation and yeah: I want to keep things moving along here. We don't have much time left, but I do want to give the biz dev presentation business of communications um chance to present, and then you know maybe we'll try to have a little bit of discussion at the end and wrap up. Maybe in about 15 minutes yeah.

C

So, can you guys see this.

A

B

Yeah, so so keenan- and I are gonna- do this one uh together, it's we, we put uh dx biz and dxcom's marketing together, they're. You know kind of two separate plans, but uh you'll see from this I'll start with dxbiz, which you know part of it. We've talked about a bunch on monday anyway, so that's good, but uh the budget and things we'll get into so um yeah.

B

So, basically, like both of these guild, slash teams are focused on like opportunities and partnerships for the benefit of dxdot products and included with that is community awareness and growth of of those products and dx dao in general. So that's why these two really go well together. uh Here. Are you know some of the okrs that we are aligning the road map to?

B

But uh you know the dx biz guild yeah, so uh you know dx biz, like objectives and and results are they tie in with all of the different product lines so, for example, and and it ties out well with what martin has done with mesa like the once mesa is live like there's a goal to attract 10, ido uh users of mesa.

B

You know this year, um there's also related to swapper, like uh we've things, we've been talking about, where we're leveraging the dx dao's product suite to bring sizable liquidity to specific swapper pools and so a target of five five there and then also related to like treasury management and other, and maybe governance as a service like big dx, dow strategic moves in general that that capture the awareness and attention of the industry uh of things like important things that dx dow is doing in the space uh and that those also relate to like dx dials governance with dx dow's uh operations, treasury management and its products.

B

uh We went over a bunch of the like current opportunities that we've been tracking uh on monday's call on the biz dev call. uh So here's just a uh like a recap of it. The the t, the the team so far, has really been kind of a mishmash of like five or plus more people like almost a little bit from everyone involved like handling different parts of uh this.

B

This like squad in this team so far, um obviously with like nylon, leading the call like I've been leading, the tracking and- and you know some of the relationships.

B

Keenan is getting more involved in the biz dev stuff and then vanky has a big interest too, as well, and then john has been using has been involved quite a bit like with his relationships with other uh projects in the space and incoming uh opportunities and things uh so like the the plan here is that as dx dao's products really come onto on to market, especially mesa and swapper and omen, you know, gets onto xdi these.

B

These partnership opportunities and this overall team should really ramp up and it hasn't ramped up, and it's kind of been a passive thing for now, and it's going to move from what I think from more of a passive squad to an active squad. And the reason is that is a lot of things. We're just fielding and keeping track of incoming interest.

B

Whether it was for idos for mesa, whether it was for other products or or other partnerships and relationships, but it can become more proactive and go out and seek things that we are specifically looking for uh and and the you know, dx. It gives us an opportunity to sell dx doubt and its whole product suite.

B

Basically- and that's where you know tying in with dxcoms and marketing is, is also a very important factor, uh and so I think that as this as these products come online like these opportunities are gonna are going to start to flow, both the passive and proactive ones like there's just going to be more and more and we're going to need more and more attention and focus on like tracking and then like uh closing on the those uh those opportunities basically uh and so right now, while we, we mainly have a bunch of people doing a little bit each.

B

I think that we're going to have to have one or two people focused on it full time and then also other people helping part-time as well. So it's gonna, it's gonna, that's gonna! Take probably someone to commit to uh to lead that, um and obviously any of these deals and opportunities that happen still have to be like uh on, like the dxdow community has to be on board with them. So it's like this unique like you, can't sell the opportunity to the ceo that then says: okay, let's, let's make that partnership.

B

It still has to be done through the dial process, which obviously we know takes time and it's a certain technique to accomplish that, and so the budget so far based off of like the sheet we've been using. If you put all those people together in their time.

B

What we had is about about one person like total, uh like combined of head count like focused on this in this this this squad, and I think that that is going to have to move to at least two in the first half of the year and then potentially three in the first half of the year, like especially when there's like mesa ido's up and running and there's like that, that that could be a whole uh position in it of itself, especially if like mesa becomes like a decentralized coin list, and so this budget adds up to uh you know uh that's like per month, so that's 36 000 a quarter, so it's a 186 budget for the whole year.

B

With that slight increase halfway through the year of head count, you know it's still a it's it's smaller than obviously the product teams, but it's still an important uh aspect of dxdow that has to be filled and it ties in with all of the other all of the other products, and so I can turn it over to keenan now.

B

Kena. Do you want to share your own screen, or do you want me to switch the slides.

J

You can keep it if you want um you'll have to bear with me today, I'm feeling a bit under the weather, but I will uh chug through it here. So first off we have our uh our okrs that have been set. uh Obviously um you'll notice a lot of similarities throughout the comms and marketing to bizdev, as skye mentioned, and that's just because they are quite similar at this time.

J

So notable key results is attain. Forty thousand discord members with fifty percent of the members engaged at the base, engagement, engagement level uh and get fifty thousand twitter followers by the end of the year uh and we're aiming to feature in at least one high profile, external news source or article for each major product, update or launch.

J

um The initiatives that we have for this is working in tandem with the other teams to accurately convey information to the community and regularly update the documentation book. That's in the works to best display the current information internally and externally and actively reaching out to external sources regarding media coverage.

J

The current resources- I did a little bit differently than than bisdev right now. Large focus is myself and mike um and, as some of you may know, mike is currently not fully contributing, he's passively contributing and looking for a window to fully reapply himself and minor focus. I've made out of sky chris and john.

J

There are a couple others, obviously zed's geronimo.

J

So the plan is very similar to dxbiz, comms and marketing should be ramping up soon.

J

um We should be moving to passive from passive to active, uh with consistent, active engagement for social media reaching out to press exchanges, trackers otherwise, small amounts of help from many different people is obviously great, and what is what we have been doing, um and we should be consolidating that similar to dxbiz to one maybe two full-time members and continuing that outreach of the smaller help um and there I just quoted uh what sky had said um and that the product suite is coming together.

J

Obviously, it's difficult to communicate and market and foster community around products that don't exist and as we're ramping into this, we need to be scaling. This up. I believe.

J

And I make a second note of this here: with the upcoming existence of each product and their inevitable growth, it will be beneficial to designate a communication and marketing lead for each squad. uh This could be as early as q2 or perhaps a year or longer, depending on how products evolve.

J

um So I did the budgeting a little bit differently. The proposed initial budget is roughly fourteen thousand, and this accounts for two contributors with high experience level at full time. um This should be expandable to hold additional contributor in the short to mid term.

J

um I mentioned uh currently right now, I'm the only one with a active uh proposal- uh and I am under the impression mike- would be our second man depending on his obligations. Otherwise, um regarding community, um I propose an initial budget of roughly four thousand uh a month. uh This wouldn't be used retroactively. If we don't have an incentive for the month, then we wouldn't be spending roughly that budget or if we have an event that would require more budget.

J

It would be beneficial to do so, but that is about a ballpark of what we should be spending on a monthly basis. I believe.

J

Communication and marketing tools, I propose an initial budget of roughly 200. This is, for um you know, discord boosts all of our community tools, automation, moderation, etc, and it's a very uh a drop in the in the in the sea. If you will uh expenditure wise and is a massive gain to communications.

J

um So with that all in mind, including the roughly four thousand uh for community, uh leaves us with about eighteen thousand monthly, uh which my current interpretation was about 10 to 15 of the budget uh with room to be scaled in the future, um I should have uh done what sky had done and kind of incrementally. I believe that what he had laid out regarding about half a year head count increase will probably become fruition to thompson marketing.

J

That being said, total budget is roughly 218k at this. At this point,.

B

Cool thanks, keenan yeah. I think that's, that's all from those combined uh squads. I don't know if these are called squads or guilds, because this one these are seem more like teams.

A

I, like the the use of squads for the teams working on stuff. Excuse me.

B

Yeah, there's we don't plan yet to introduce a token, but hopefully soon.

A

Okay, any questions on that.

G

I was just wondering because, like we included like uh a budget uh in the budget like uh sky, you were in omen, guild and dxb's guild and we like calculated twice the the payout yeah.

B

So so in general, there's a lot of people that are doing that. um I don't know if you've seen chris's sheet. I made some slight adjustments to chris's uh like sheet where he like placed everyone at the percentage like squads across four different squads, and so like the numbers, for example the current dx biz. When I said it's, one person head count and like 5 000 current. That's because it's like a a certain percentage from like five different people or four different people.

B

So I don't think that people are being necessarily double counted because percentages of time, especially for people that are in multiple squads, were kind of factored into the budget, at least for omen, dx, biz and, uh I believe, also marketing, so not sure about the other ones. But it's yeah. These are all kind of rough numbers anyway, but that is something to keep in mind. It's like most people are doing more than one, if not more than two or three things.

C

C

D

Yeah, I just want to say um this has all been extremely cool. um I just remember like when the guilds were still discussed um and it's amazing to see like how how far it has come off.

A

Thanks christopher yeah, I mean, I think, a lot of this stuff has been in the works for some time. It's just like yeah, it's good to finally get it kind of into a presentation format here and and do some high-level planning with it.

A

um I think maybe what we can do for two weeks from now, because we're doing this every other week with the resource planning, is take a high-level look at the budget, and we can also, I think, maybe tie in treasury management as well and kind of like make that the topic for for that meeting so two weeks from now I'll make a post, but I try to do it a little further ahead of time.

A

um So we can, you know, start to reason about where money should be moved, how it should be managed, and um that kind of thing um the one thing that did not get addressed today, which does uh require that does have resources behind it and is very important, is governance right. So, like you know, chris runs the governance call. I spend quite a bit of my time doing governance related things.

A

Everybody has to put some of their bandwidth into uh covenants in terms of looking at proposals and stuff and, of course, there's the alchemy platform by dowstack. There is the effort by augusto. We have monitoring tools, so there isn't um a formal squad around this yet, but I can imagine one forming in the future, so um we'll we'll keep an eye on that and keep people updated uh in terms of planning around that as well and so yeah I mean, I think that was great.

A

If, if there's anything people want to talk about now, I guess we could take maybe five minutes and then wrap up.

G

Anything else any questions any closing thoughts yeah. I wanted that just the feedback. I think this is great, like I think we all have better uh knowledge on how much we're spending what we're doing with every project like.

J

G

It's very hard to keep track of, and I think we should continue doing this absolutely.

A

I think another thing we've been talking about and I think keenan has been doing some work on is setting up uh like a documentation site. So I could imagine you know. I think it would be great to have and budget uh somewhere right like somewhere, visible and reviewable.

G

Yeah, I'm working on that as well: yeah yeah, okay, yeah.

J

I have uh I've tentatively penciled in road maps for each product, so we will have room for them.

A

And another thing- and I might actually spend some time next week working on this- is pulling together architecture diagrams. So we have, you know a few lying around in corners. We need to dust them off and I think pull them together and give people also like a kind of a structured view of how everything works. Like er, there's a quite a few complicated systems that we have deployed, and I think it would be yeah super helpful to have it in one place.

B

uh Two uh to federico's uh question, like eventually, we can have like more formal budgets and road maps laid out on the home page like linked to from the home page, but like currently like christopher, like got a lot of value out of this like is there a way other than having people watch this recording? I guess that maybe that is the way like getting the other big dxd holders. Anyone that's interested or interested parties, making sure that they see this.

B

So they can see this plan because I don't know if I'm gonna watch this video, like in a more immediate term,.

J

Perhaps me and chris could point form it for the month in review.

K

Yeah and even the summary of the meeting notes would be good, uh john, and I were talking about how we need to kind of put like a summary together, like the status of dx dow, and these would all be really easy ways to access that information.

L

I would also suggest if we could do a tweet thread, just a small summary and then post it in our twitter or medium somewhere. I think that would be. That would be good for um communicating as well.

B

Would it be, would it be valuable to have each one of these presentations split up into its own video or not yep? You can do that pretty easily. I think, like you could link to each one. So if someone only wants to watch the omen one, they can watch the only one- I guess well, you can do that with time like start at this time, or we can split them up into videos whatever you guys think.

A

And maybe providing some start times just to help people navigate would be good. I think in some ways you want people to see them side by side and understand that it is a suite of products that the excel has yeah.

B

We don't usually do that in the videos, but I can do that for this.

E

One two quick thoughts on like communication in general, like um one oftentimes, you do have to say the same thing over and over in different formats, and that's like a great way to communicate something. That's really what we're talking about here is like here we have like, we can put it in presentation format.

E

We can have it as like a call, and then we can like tweet about it and we can have like discord and it's all part of, like almost regurgitating like the same information through different formats and then secondly, um saying things out loud, makes things much easier to understand for ourselves for everyone else like you can even notice this now, if you think about sometimes you have like ideas in your head and these ideas, like oh yeah, like make sense in my head and then like when you write it out.

E

You can't necessarily like write it out as clear as it is in your head, but once you get it out, once you kind of like say it, it literally like makes more sense um and it like it's it. You can kind of like further the idea just by like putting it out into words, so I think these are like great.

E

uh It's great practice um for communicating better, obviously with the community, um but also just for like coming up with ideas and like saying you know putting things that are in our head, that we all know about just saying them out loud. um I think, like furthers a lot of these ideas forward,.

A

Yeah totally communicating and writing gives clarity to your own thoughts, and I think what everybody said to all these ideas at the end about how to follow up and disseminate this content. We're all uh super great and we should do all of them any any other thoughts here before we close up.

A

I think I think pretty good job everybody on the presentations um again so next week we just do a normal recap next thursday, and then I think in two weeks, I'll put out some plans around uh kind of revisiting this from a with a budget lens on and also a treasury management. Lens multi call is live as was mentioned earlier, so that enables a lot of things we have to test.

A

It start slow, knock on wood, hopefully things work, but let's see we'll we'll follow up on that, and you know treasury management is kind of in motion now. So uh looking forward to that discussion and yeah thanks again, everybody have a good one and see you next time.