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From YouTube: Delegate Office Hours | MKR & Vesting Compensation
Description
The Delegate Office Hours call is hosted by the Governance Communications Core Unit in collaboration with Recognized Delegates of MakerDAO.
The call aims to bring together all delegates and discuss recent events, governance activity, and other domains relative to governance and delegation.
https://forum.makerdao.com/t/delegate-office-hours-12/18012
A
All
right:
everyone,
thanks
for
joining
us
delegate,
office
hours
this
week,
Thomas
Flynn
with
govcoms
and
just
want
to
remind
everybody
to
obviously
engage
and
participate,
but
when
we
do
that,
let's
use
the
chat
function,
feature
and
also
in
our
reactions
post
there.
You
can
use
the
hand
raised,
so
we
can
call
on
or
use
the
party
assemble
like
Tim's
guide
over
there
and
he's
got
it
down.
Pat.
So
with
that,
thank
you
all
for
joining
us
again.
A
Frank,
oh
I'm,
gonna
get
Frank
in
here
and
I
will
first
off
I'll
just
open
the
floor.
I
know:
there's
a
a
lot
of
things
to
be
going
on
with
the
Forum
a
lot
of
different
discussions.
So
I'll.
Let
you
guys
just
kind
of
get
started:
I,
don't
know
if
we
get
in
game
or
I
know,
that
call
is
canceled.
The
perpetuity
is
for
Thursday
calls,
but
we
still
continue
with
the
Wednesday
calls
and
Tim's
got
a
great
call.
A
I
think
tomorrow
on
Friday,
so
all
over
the
floor,
who
would
like
to
take
the
first
stab
at
our
discussion
for
today
so
welcome
to
office
hours.
B
I
guess
I'll
I'll
take
the
first
thing
reminder
I'll
post
the
agenda
this
afternoon,
but
you
know
this
is
kind
of
the
last
week
of
RFC
I.
Think
next
Wednesday's
call
will
be
when
renes
to
choose
whether
he
freezes
things
for
the
submission
window
and
the
formula
submits
them.
B
So
I
really
would
like
to
my
plan
is
next
Wednesday
to
do
presentations
for
summarizes
the
highest
level
takeaways
from
the
whole
month
of
doing
this
thing
and
put
together
at
least
some
level
of
where
I
think
the
Dow
can
kind
of
go
and
some
options,
and
so
I'll
open
the
floor
with
the
discussion
and
I
was
rereading
a
bunch
of
feedback
this
morning,
I'm
kind
of
curious.
Why
it
has
to
be
all
in
one
has
then
does
anyone
have
that
information
handy?
Is
there
like
a
reasoning
to
that
whole
thing.
B
C
So
a
lot
of
what
awareness
said
at
least
to
us
when
we
bring
that
up,
is
that
basically
like
doing
incrementally
over
time,
gives
the
data
like
a
chance
to
not
follow
through
on
the
idea
yeah,
and
he
wants
to
basically
just
make
an
atomic
switch
like
I
even
asked
this
yesterday
in
terms
of
the
like
what
technical
work
would
be
done
first,
and
he
basically
said
well,
maybe
you
could
do
ethi
first,
but
that's
like
the
only
thing,
and
maybe
it's
not
a
good
idea,
so
everything
else
should
just
be
done
once.
B
Yeah,
if
I'm
reading
the
mips
correctly
like
there
are
some
changes
to
the
governance
process
that
remove
some
of
the
what
some
people
would
call
noise
like
signal
requests
Etc,
like
everything
that
goes
through
governance,
now
is
much
more
executive,
focused
and
MIP
focused,
there's
some
off-boardings
and
then
there's
some
of
the
first
features,
but
part
of
the
feedback.
I'm
just
kind
of
noticing
is
that
the
implementation
plan,
step
by
step,
like
think
about
as
like
a
Gantt
chart,
is
kind
of
missing
this
middle
bit.
B
For
next
Wednesday,
but
you
know
it's
not
the
worst
thing
in
the
world,
but
it
just
kind
of
like
funky
but
I
guess
that's
just
sort
of
what
being
in
a
dow
is
right.
So.
A
Hey
Tim,
Frank
and
I
think
Raphael
just
joined
just
wanted
to.
He
just
asked:
what's
the
question
so
sorry
about
that,
damn
it
interrupt
foreign.
B
No
I
think
that
was
enough
to
dig
into
it.
I
was
mostly
just
trying
to
surface
that
and
see
if
there
was
any
like
other
pieces
of
feedback
that
haven't
been
there.
I
mean
you
know,
the
call
is
at
11
A.M
Eastern,
so
obviously
everyone
can't
be
included
just
because
of
the
planet,
so
just
trying
to
capture
anything
else
that
it
needs
to
be
in
there
yeah.
We.
G
I
think
one
is
one
interesting
topic
that
we've
just
finished
talking
about
should
be,
and
Raphael
was
the
the
it
was
the
Stark
net
vesting
and
it's
very,
very
competitive
vote
right.
It's
only
being
separated
by
800
mkr,
so
I
was
wondering
if
any
of
the
delegates
here
outside
of
shoopy
and
Raphael
I
mean
I
already
heard
their
store
their
story.
But
any
delegates
here
have
any
thoughts
on
why
they're
voting
the
way
they're
voting
or
they
haven't
voted.
G
You
know
what
are
their
thoughts
going
into
the
last
four
days
of
the
poll
for
start
and
that
core
unit
NPR
vesting
the
vesting
amount
that
they're
asking
for.
A
H
H
Especially
for
this
position,
I've
been
pretty
actively
against
it.
I
have
kind
of
shown
in
my
reasoning
that
I'm
not
against
providing
m-care
investing
itself.
My
problem
is
having
it
as
the
same
level
as
the
program
engineering,
which
other
also
delegates
point
out
that
it
is
even
higher
than,
for
example,
Oracle,
Korean
and
others.
H
G
Yeah
or
if
you're,
if
you're
in
favor
of
it
too,
you
know
like
to
hear
your
thoughts.
It's
you
know
again
pretty
competitive
voting
going
on
right
now,
so
I
think
the
only
abstain
vote,
I
sold
was
from
a
shadow
delegate,
so
everybody
has
a
either
a
yes
or
a
no
on
decimal,
which
is
pretty
cool.
G
A
Justin,
you
got
your
hand
raised.
You
got
the
floor,
go
ahead.
I
Thank
you,
Thomas
I
think
that's
one
of
the
naysayers
in
this
I
have
laid
out
most
of
my
thoughts
in
in
the
post
already
or
in
this
discussion
thread
already,
but
I
can
reiterate
them
here.
I
think
one
of
them
is
sticking
true
to
what
was
originally
signaled
when
the
team
started
getting
on
and
then
getting
to
the
right
place.
The
second
one
is
that,
even
though
the
starknet
are
doing
engineering,
they
are
doing
Engineering
in
a
smaller
scale
than
what
protocol
engineering
is.
I
I
What
vertical
engineering
is
getting
and
as
I
was
already
signaled
I
I
am
not
opposed
to
Stark
net
having
mkr
best
as
such,
but
I
think
that
the
level
of
compensation
that
is
being
proposed
right
now
is
too
high.
That
is
my
main
concern.
A
Okay,
thank
you
for
those
comments.
Foreign
go
ahead,
yeah.
D
Just
just
to
summarize
my
point
on
that,
so
I'm
I
was
originally
against
that
proposal,
because
I
said
well,
you
came
here.
Yeah
basically
proposed
your
core
units
saying
we
are
not
going
to
have
mcvesting
for
the
first
phase
and
then
after
first
phase
is
launch.
You
retroactively
want
mkr,
that's
stupid!
You!
You
can't
do
that
with
us,
but
I
guess
that
just
got
Lost
in
Translation
and
honestly
I
think
retaining
retaining
engineering.
Talent
is
really
a
tough
thing
and
doing
stuff
on
stocknet
is
not
easier
than
doing
it
with
solidity.
D
From
from
my
point
of
view,
so
I
think
it's
a
it's
a
good
good
thing
to
support
them
and
to
keep
them.
But
honestly,
if
we
don't
get
enough
support
for
this,
that's
good
as
well,
because
we
already
had
core
unit
proposals
that
need
three
times
they
they
needed
to
apply
three
times
and
same
can
happen
with
with
mkr
investing
or
any
other
kind
of
budgets.
D
So
I.
Actually,
so
it's
it's
going
to
be
a
close
one,
probably
and
I'm
I'm
not
going
to
cry.
If
this
is
not
getting
approval,
because
then
they
will
just
return
with
a
with
another
plan.
I
guess
I
mean
if
they
are
really
committed
on
on
yeah.
Staying
in
this
ecosystem
with
us,
so
yeah.
A
All
right,
thank
you
and
just
looking
at
some
of
the
notes
in
the
chat
here.
The
paper
is
start
net,
giving
the
investing
I
think
some
of
the
answers
here
paper.
It
says,
I
didn't
have
that
question
supposed
to
be
a
50,
50
split,
I,
don't
know
if
you
wanted
to
elaborate
on
any
of
that.
E
I
was
just
wondering
out
loud
because,
like
the
cash
budget's
supposed
to
be
50,
50
split
and
I
didn't
know
if
they
were
getting
any
if
starting,
if
Stark
net
was
giving
them
vesting.
Maybe
we
should
too,
but
like
I
I,
tend
to
think
they
should
get
something,
but
it
just
seems
like
too
much,
but
it
just.
B
I
believe
they
are
I,
think
I,
remember,
reading
that
that
was
the
whole
thing.
It
was
like
this
partnership
team
right
building
on
both
to
bring
maker
to
Stark
net,
and
they,
if
I
recall
correctly
in
my
reading,
so
I
would
want
to
verify
this
I
think
they
were
actually
pricing.
Their
Stark
net
Equity
based
on
the
mkr
equity
that
we're
thinking
so.
G
Unless,
unless
there's
a
starkman
token
I
haven't
heard
about,
but
so
yeah
I
I,
you
know
this
is
a
super
interesting
poll.
Do
we
have
delegate,
has
already
voted
on
it
and
we're
supporting
it.
G
I
think
to
Dale
in
the
in
the
comments
made
a
great
point,
which
is
that
it's
a
unique
skill
set
to
be
able
to
deploy
any
kind
of
software
on
starknet
right
now
and
not
everyone
and
I
got
to
believe
that
even
the
protocol
engineering
team
right
now
wouldn't
have
what
it
takes
to
be
able
to
maintain
any
platforms
on
on
starknet
or
or
any
stockware
platform
like
Stark
X
unless
I'm
wrong,
and
these
guys
have
already
picked
up
on
the
coding
language
known
as
Kairos.
G
G
Dao
is
a
place
where
you
want
to
work
so
if
anybody
else
feels
that
way,
yeah
I'd
love
to
hear
your
opinion
on
that
or,
if
you
feel
the
opposite,
that
it's,
it's
not
important
for
maker
thou
to
kind
of
entice
individuals
with
talent
to
to
on
board
with
this
protocol,
I'd
love
to
hear
that
as
well.
J
Hi
everyone-
this
is
just
wanted
to
see.
If
I
can
have
my
camera
on
there,
we
go
there.
We
go
wrong
great
background.
Thank
you.
No
I
just
wanted
to
make
some
comments,
because
I
think
they're,
very
valid
I
do
have
another
side,
as
I
can
admire
what
they
do,
and
maybe
you
can
bring.
Let's
say
some
consensus
in
behind
this.
J
J
J
The
technical
people
talked
spoken
with
believe
that
CK
Roll-Ups
are
the
future,
so
everything
I'm
optimism,
optimistic
Roll-Ups
are
really
just
a
temporary
measure,
but
then,
in
the
end
it
will
be
about
ticket
Roll-Ups
and
within
that
ecosystem
stock
net
is
the
most
let's
say
the
most
cutting-edic
technology.
J
They
even
have
the
creator
of
CK
technology
as
part
of
their
founding
team,
so
I
think
we
need
to
kind
of
agree
whether
we
believe
that's
the
the
future
or
ethereum,
and
after
that's
the
case,
then
we
should
kind
of
ignore
the
fact
that
right
now,
yes,
the
TPO
is
extremely
low.
We
can
have
low
reasons
why
the
TV
is
low
at
the
moment.
Actually,
the
stock
net
is
actually
limiting
the
the
amount
of
money
that
they
can
push.
Therefore,
we
are
also
limiting
the
money
among
diet.
J
I
can
actually
push
over
the
bridge
and
so
I
think
that's
one
of
the
discussions
that
might
be
worth
having
whether
we
still
believe
that
that's
the
future
ethereum
and
then
on
the
side
of
their
scope
being
limited.
I
would
say.
J
Yes,
at
the
moment,
it's
only
a
bridge,
but
they
are
also
rewriting
the
entire
multi
collateral
Dye
System
to
actually
be
able
to
operate
natively
and
in
in
Star
Wars,
so
either
now
they
already
have
the
work
is
being
done
and
then
in
the
future,
you
will
have
you'll
need
to
increase
that
capability.
Where
not
only
do
you
have
to
have
the
best
smart
contract
Engineers
that
are
able
to
work
in
ebm
compatible
chains,
but
they
also
don't
need
to
do
this
in
Cairo.
J
I
A
I
Yeah
yeah,
you
specifically
addressed
me
in
in
some
of
your
points
and
yes,
I
do
actually
agree
if
these,
if
Stark
net
team
were
actually
integrated
with
PE
I,
think
this
would
be
a
lot
less
controversial
and
easier
to
compensate
them
equally.
But
the
thing
is
they
do
not,
and
they
do
not
fully
belong
to
maker
as
well
right.
There's
a
50
50
spit
at
the
moment,
and
if
they
were
an
integrated
part
of
the
PE
team,
I
mean
if
starknet
does
not
pan
out.
I
We
would
have
that
those
same
people
being
able
to
divert
it
to
other
projects
within
maker
right,
so
that
will
give
them
a
greater
flexibility
and
a
potentially
greater
scope,
but
they
we
are
dealing
with
a
station
where
they
are
not
currently
integrated.
So
that
to
me
is
a
factor
to
consider
when
we're
considering
compensation.
A
All
right,
thank
you.
Tim
Shoop,
you
got
your
hand
raised,
go.
D
Ahead,
yeah,
if
my
mind
is
right
on
there,
but
I
can
recall
a
bit
that
at
ecstasy
in
Paris
last
year
there
was
where
first
discussion
between
Derek
and
the
by
then
not
even
proposed
stock
net,
core
units
and
I
think
it
was
actually
an
idea
if
they
just
incorporate
into
the
political
engineering
team,
but
decided
not
to
do
the
not
to
do
that
because
they
want
to
have
this
joined
forces
thing
of
essentially
two
entities
funding
this
core
unit.
D
So
I
think
we
shouldn't
put
this
as
a
disadvantage
of
the
team
that
they
are
actually
their
own
core
units
and
I
totally
subscribe
to
the
point
that
Helio
was
making.
If,
if
Derek
would
have
come
up
and
said,
hey
we're
just
gonna
increase
our
budget
by
I,
don't
know
probably
the
same
amount
as
the
core
unit
is
costing
right
now
and
we
are
going
to
deliver
something
on
Cairo.
Then
everybody
would
have
said
yay,
let's
go
so
on.
D
Maybe
that's
the
discussion
is
so
easy.
Looking
just
from
this
perspective,.
A
Anyone
like
to
follow
up
on
that
that
comment
or
any
more
in
this.
A
There
was
we
had
something
in
the
chat
Peyton.
Did
you
wanna
add
to
what
the
exact
that
was
part
of
this
conversation
and
I
just
saw
that.
C
Yeah
yeah
because
it's
a
little
bit
relevant
on
the
announcement
on
the
GNR
in
case
people
aren't
there
and
that
is
playing
for
the
next
executive
on
Wednesday.
It's
increasing
the
start,
not
something
to
1
million,
as
well
as
turning
on
the
one
basis
point
fee
for
your
teleport.
So
that's
kind
of
exciting.
A
Just
just
kind
of
reading,
through
the
chat
too
make
sure
changed
anything
the
floor
is
open
to
anyone
like
to
follow
up,
but
the
latest
conversations.
D
Sorry
sorry.
C
D
I,
just
I
just
would
like
to
to
yeah
I'd
like
to
convince
everybody
not
to
off
both
Andrew
Berman
in
this
cycle.
Please
I
think
we
can
totally
afford
doing
it
next
cycle,
so
in
October
he
would
prefer
this
one.
You
could
probably
just
do
the
Bogota
thing
more
easily,
so
even
if
you're
just
really
badly
want
to
off-board
him,
please
just
do
it
next
month.
H
A
All
right,
thank
you
Tim,
so
we
got
some
follow-up
here
in
the
chat.
If
anybody
would
like
to
come
online
and
maybe
make
some
comments,
it
says
strong
support,
Raphael,
Chris,
Blaise
y
I
think
I
like
to.
D
So
the
major
difference
between
this
off-boarding
proposal
and
the
one
for
for
the
next
cycle,
so
the
one
by
ruiners,
then
in
rules
thing
there
is
a
golden
parachute
for
partially
harvesting
that
he
technically
should
have
gets.
If
there
wasn't
such
a
thing
like
a
cliff,
and
it
would
be
one
month
more
and
I
think
the
diet
conversation
is
a
bit
less
than
the
one
proposed
by
cold
night.
F
A
Yeah
I've
seen
some
of
the
comments
too
in
the
chat
says,
gives
Barbara
the
same
conditions
as
others,
as
this
is
coming
from
ruins.
Off-Boarding
terms,
major
difference
is
one
month
more
pay.
D
So
the
point
is
we
have
this
big
conference
and
I?
Don't
know
if
you
heard
about
this,
the
one
I'm
not
going
to
in
I
don't
know
two
weeks
and
he
can
bring
some
quick
there
and
he
probably
will
bring
some
respect
there
and
doing
all
the
all
the
money
stuff
after
the
conference
will
be
a
lot
easier
if
he
isn't
on
off-boarded
by
the
time.
That's.
A
And
thank
you.
Tim
yeah
I
see
that
I
believe
that's
the
ratification
pole,
painting
he's
got
still
three
days
almost
four
days
left
in
the
voting.
Okay.
A
Right
now
it's
no
with
26
000
makers,
mkr
supporting
so.
A
C
We
don't
have
to
discuss
that,
but
you
want
to
discuss
that.
It's
fine
that
we're
in
the
room.
It
won't
bother
me
at
all.
A
Yeah
do
respond
to
chat
there.
It
says
that
we
did
have
50
option
just
100
or
higher,
or
reject.
A
D
I
mean
honestly
I
think
if
the
the
whole
end
game
thing
actually
gets
to
October
and
October
is
going
to
be
wide
voting
wise,
I'm,
pretty
sure,
then
we
are
going
to
see
a
huge
overall
of
the
whole
budgeting
compensation
and
whatever
thing
anyway,
probably
affecting
everybody
for
the
better
was
so
it's
not
really
some
kind
of
long-term
thing
that
we
are
voting
on
right
now.
This
is
my
take
I.
Think
it's
going
to
be
a
pretty
pretty
dramatic
shift
that
we
are
going
to
see.
A
Yeah
and
that's
the
end
game
is
going
to
be
right,
pain,
asking
me
or
GNR
topic
today,
I
believe
so
that
will
be
highlighted
today.
F
Yeah
I
just
think
that
at
the
moment
there's
the
mkrvesting
is
so
so
it's
such
a
mess.
I
think
that
makes
it
so
difficult
right.
We
have
10
or
15
different
mkrbs.
C
Yeah
there
is
another
governance
aspect
to
it
right
because
and
when
we
talk
a
lot
about
how
there's
low
voter
participation
we
talk
about,
you
know
and
Care
holders,
don't
care.
It's
like
well,
one
way
to
fix
that
is
to
start
giving
the
people
that
do
care
and
are
showing
up
in
KR
I
understand
it's
like
difficult
right
now,
because
it
is
money,
it
is
capital,
it's
expense
for
the
business
and,
and
that
should
all
be
considered
on,
on
the
other
hand,
but
like
I.
C
Think
fundamentally,
if
you
only
leave
mkr
to
the
people
of
that
tour,
before
decentralization
happened,
like
you're
gonna
have
a
hard
time.
Decentralizing
the
protocol
yeah
doesn't
mean.
What
is
the
current
ways?
Are
the
right
way
to
do
it,
but
that
is
very
much
my
philosophy
and
what
guides
us
to
keep
requesting
mkr.
A
I
Yeah,
yes,
well,
thank
you
Peyton.
Since
we
sort
of
opened
this
kind
of
worms,
I
I
got
a
few
points
to
bring
to
it
as
well.
When
it
comes
to
mkr
best
thing,
I
think
I
can
see
the
argument
for
decentralization
wanting
to
get
more
of
that
mkr
West
out
there,
and
ideally
you
would
want
to
contributors
to
actually
Place
their
MPR
in
the
governance
process
to
participate
right.
I
What
we're
actually
seeing
is
that
most
of
this
vested
them
car
actually
goes
right
out
on
the
market
and
gets
you
know,
exchanged
for
more
dialogue,
kind
of
crypto
assets,
so
so
I
think
that
argument
is
unfortunately
weak
when
it
comes
to
what
you're
actually
observing,
though
I
do
understand
the
attention
behind
it
so
I,
and
this
also
creates
a
downward
pressure
on
MPR,
which
is
actually
bad
for
MPR
holders
right.
So
so
that's
another
aspect
to
consider
in
in
this
as
well.
I
I
think
more
and
more
I
think
we
are
better
served
to
actually
increase
other
forms
of
compensation
and
then
rather
let
those
who
are
interested
in
participating
in
governance
actually
exchange
that
compensation
for
mkr
tokens,
which
is
also
a
fully
viable
path
to
take
right.
It's
not
like
it's
impossible
to
buy
mkr
it's
it's
just
people
don't
seem
to
want
to
keep
it
so
so
until
that
changes
I
think
we
would
should
actually
explore
all
the
venues
compensation
rather
than
inventing
new
mkr
vesting
schemes.
I
do
also
think
it
we
really
need.
I
If
we're
going
to
keep
doing
it.
I
think
we
need
to
streamline
it
more
than
we
have
right
now,
because
this
is
absolutely
the
potential
to
create
wrongful
incentives
and
then
it
has
to
have
potential
to
create
disruption
and
and
be
internally
between
the
cus
and
doing
the
cus
and
other
stakeholders
right.
You
can
see
that,
especially
when
you
had
the
downward
pressure
on
the
mkr
tokens,
it
creates
sort
of
this
opposite
relationship
between
holders
who
are
also
not
contributors
as
well.
That
I
think
is
unfortunate.
I
So
so
those
are
my
thoughts
right
now.
We
are
actually
working
a
little
bit
behind
the
scenes
on
this
trying
to
get
a
little
bit
more
overview
of
how
other
are
doing
it
and
how
what
is
best
practice
going
forward.
But
this
is
essentially
handing
out
stocks
and
not
options,
not
other
derivatives
to
an
existing
contributors,
which
is
very
rare
in
in
other
organizations.
So
I
do
think
we
need
to
come
up
with
with
an
alternate
scheme
there.
I
Obviously,
with
existing
streams
and
existing
agreements
in
place,
we
can't
push
them
without
doing
some
sort
of
renegotiation
and
I.
Think
the
most
sensible
thing
would
generally
just
to
be
to
leave
them
be
and
let
them
run
their
course
and
then
we
sort
of
start
a
new
paradigm
and
and
a
new
way
forward.
A
All
right,
thank
you
for
those
comments.
We
appreciate
that
hand
raised
get
the
floor.
J
Right,
thank
you.
No
I
want
to
say
from
a
query
member
perspective.
The
ideally
the
mkr
vesting
is
kind
of
allowing
you
as
a
worker
to
also
be
and
be
part
of
the
upside
of
the
protocol.
So
it's
more
of
like
about
aligning
incentives.
It's
not
just
hey
I'm
here
for
a
salary
or
like
a
very
constant
pay
and
die,
which
is
back
to
a
dollar,
so
I
like
work
out.
J
So
what
happens
to
protocol
like
I'm
still
going
to
get
paid
is
the
idea
I
was
like
I
actually
want
to
not
only
make
sure
that
micro
unit
and
the
stuff
I'm
doing
is
working
correctly
by
the
entire
system
and
to
Echo
Payton's
point
and
I've
been
thinking
about.
This
is
sorry
you
for
me,
like
adaos,
tries
to
solve
these
the
stakeholder
dilemma,
which
is
in
normal
companies.
J
Everything
is
about
the
shareholder
value
and
you
basically
neglect
every
other
stakeholder
in
in
the
system
which
includes
its
client,
its
users,
the
people
operating
in
the
Machinery
as
well
as
partners,
and
then
just
people
around
the
ecosystem
that
get
affected
by
by
what
your
organization
does
so
I
I
don't
have
an
answer
for
this
because
right
now,
obviously
the
early
employees
got
granted
I
think
the
Vermont
and
Karen
for
the
upside,
not
that
sorry,
that
actual
actual
power
to
be
able
to
influence
governance
and
I
do
get
connects
point
which
is
as
a
individual.
J
You
shouldn't
be
over
investing
a
single
project
if
you're
working
on
your
investor
in
it.
That
means
if
one
things
go
wrong.
Everything
in
your
life
goes
wrong,
so
I
I
totally
Echo
that
point,
but
it's
about
making
it
allowing
for
participants,
stakeholders,
including
users,
which
is
something
I,
think
we've
been
neglecting
as
well
to
be
able
to
to
voice
their
concerns,
not
just
on
the
Forum
in
written
form,
but
also
be
able
to
influence
voting
and
governance.
F
You're
next
yeah,
so
I
think
one
thing
that
that's
missing
from
here
in
this
discussion
is
the
following.
So
when
you
look
at
that
stock
in
the
periods,
so
it's
still
very
different
and
then,
if
you
have
options
that
you
give
to
employees
for
as
compensation,
there
are
always
types
of
performance.
So,
for
instance,
in
the
current
scenario
where
the
profit
is
massively
is
losing
money,
then
you
know
these
options.
F
I
think
we
have
to
be
very
careful
that
we
honor
commitments
that
we
made
I
think
that's
extremely
important.
We
can't
go
around
and
say
like
yeah
onboard
the
core
unit
or
spot
the
call
unit
have
MPR,
don't
have
mkr?
No,
you
don't
ask
for
it.
Now
you
get
it.
You
know
I
just
think,
and
that's
I
think
what
Justin
pushed
for
what
I
want
to
get
to
is
that
we
just
arrived
at
a
certain
principal
thinking
for
how
nkr
is
paid
out
and
we
can
either
do
that
via
options.
There
are.
F
There
are
decentralized
Technologies
for
that,
or
we
can
do
that
via
a
certain
subsidy
that
depends
on
the
performance
of
micro
or
I.
Think
there's
various
ways
to
do
that,
but
we
have
to
decide
on
one
way
and
then
we
can
we
can.
We
can
go
from
there
and
currently
there's
just
so
many
variables
up
in
there.
That
I
think
it's
extremely
hard
to
come
to
a
really
valuable
conclusion.
A
Okay,
all
right,
thank
you!
Raphael,
hey
Justin!
You
got
your
hand
raised
you're.
Next,
you
have
four.
I
Thank
you
is
this
today
again
and
I
can
absolutely
understand
where
he's
coming
from
and
I
wrote
a
fairly
lengthy
argument
on
different
ways
we
can
compensate
and
what
the
objectives
of
staking
would
be
and
and
I
absolutely
understand,
sharing
all
the
upside
place,
and
that
is
one
very
important
way
to
align
incentives.
But
the
problem
is
with
some
of
the
ways
we
have
structured.
I
These
MPR
lists,
essentially
the
the
contributors
are
participating
in
in
any
upside
the
protocol
might
have,
but
they
have
no
incentive
to
keep
it
from
on
the
downside
side
right,
because
you
have
the
repricing
of
the
tokens
and
it's
tied
to
a
Dye
value,
which
means
that
pretty
much,
no
matter
how
the
protocol
performs
the
vests
will
go
through
and
then
in
some
cases
you
get
a
perverse
incentive
for
for
contributors
to
actually
wish
the
mkr
price
to
tank
in
the
short
term
to
get
a
larger
mkr
vest,
which
I
think
is
very
unfortunate,
and
we
absolutely
should
not
have
that
sort
of
incentive
structure
in
the
protocol
and
and
as
as
also
what
said
here
that
generally
you
don't
give
out
straight
up.
I
Equity
right.
Normally
you
give
out
options,
or
you
give
some
sort
of
cut-off
point.
The
protocol
will
have
to
pass
before
the
equity
is
released.
So
you,
you
sort
of
tie
everyone
to
the
masts.
You
you
incentivize
everyone
to
get
invested
in
the
long-term
success
of
the
protocol,
and
then
you
have
to
pay
out
with
a
straight
up,
MPR
testing
that
we
have
right
now
and
you're
getting
that
payout.
I
No
matter
what
and
I
think
in
many
cases
we
are
done
better
off
just
saying:
okay,
we're
essentially
just
increasing
your
die
compensation
right
that
way.
At
least
we
don't
have
the
downward
pressure
on
the
mkr,
and
you
are
free
to
put
you
know,
take
the
exact
same
increased
eye
compensation
and
turn
that
into
MPR
and
join
on
the
upside.
But
that
means
you're
also
now
joining
in
the
downside
same
as
every
other
mkr
holder,
foreign.
I
Especially
when
we're
talking
about
incentive
structures-
because
there
are
things
to
look
at
this-
is
not
everything
here-
is
Brands
brand
new.
In
that
sense,.
A
A
One
question
on
code
Knight
actually
just
asked
to
is
a
proposal
for
kpis
is
any
Progressive
made
on
that
I
just
wonder,
pose
that
question
and
Peyton
is
shaking
his
head.
No
okay,.
H
C
A
All
right
would
anyone
else
like
to
add
to
the
comments
that
we're
I
know:
we've
got
ourselves
about
about
15
minutes
left
in
today's
session,
so
I
didn't
know.
If
we
wanted
to
continue
this
topic
or
maybe
move
over
to
another
topic,.
A
Do
I
apologize,
you
had
your
hand
raised,
go
ahead.
You
have
the
floor.
H
Yeah
no
I
I
just
want
to
make
a
quick
comment
that,
especially
when
it
comes
to
budgets
and
the
busting
others
like
I,
believe
that
all
the
delegates
understand
that
a
lot
of
different
core
units
have
been
working
hard
and
we
also
want
to
make
sure
what's
fair
in
others.
H
In
terms
of
the
question
about
you
know,
balancing
different
priorities,
so
I
hope
that
we
can
at
least
respect
each
other's
opinion
and
I
know
I
do
and
sometimes,
if
you
feel
like
that,
I
or
other
delegates
are
not
behaving
such
you
can
also,
let
me
know
and
I'll
fix
it,
because
that's
not
what
I
meant
to
do
so
just
want
to
share
that.
A
A
A
Some
silence
is
golden,
sometimes
I
guess,
but
so
many
wanted
to
add
anything
now
Peyton,
you
do
want
to
add
anything
from
the
governor's
side
or
you
or
Patrick.
C
I,
don't
think
I
have
much
more
to
say.
I
really
appreciate
you
guys
talking
about
it
and
yeah.
Maybe
I
spoke
too.
A
A
Definitely,
and
just
to
remind
the
GNR
call
G
and
our
call
will
be
following
today's
call
I
think
we'll
be
heading
on
the
end
game
discussion,
so
that
should
be
should
be,
hopefully
a
lively
conversation
today
and
there's
a
lot
of
information
floating
around
within
make
a
Dell.
So
all
right!
Well,
as
a
don't
forget,
you
know
we
can
continue
our
chats
or
questions
and
comments,
and
in
Discord
and
I
thank
everybody
for
joining
us
today.
A
We'll
have
this
recording
posted
should
be
about
tomorrow
for
your
follow-up.
Viewing,
if
you
like
I'll,
go
ahead
and
ask
one
last
time:
is
there
any
other
comments
or
thoughts
or
discussion?
Folks
would
like
to
bring
up.