►
From YouTube: Delegate Office Hours | RWF Split into RWF0x & RWF-001
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-5-includes-poll-for-discussion-topic/16980
A
A
A
Please
use
the
chat
feature.
So
if
you
have
questions
I
want
to
post
those.
So
we
can
try
to
get
to
everyone
and
also
use
the
raise
hand
function.
So
I
can
try
to
call
you
so
I
can
call
you
and
we
can
do
this
engagement
in
a
nice,
orderly
fashion,
so
really
appreciate
everybody
being
here
today
and
so
I'd
like
to
start
off.
I
know
the
polling
information
went
out
yesterday.
We
got
some
good
feedback
and
to
focus
in
on
real
world
finance
split.
A
I
think
that
was
the
overarching
topic
that
folks
want
to
talk
about
the
second
we
came
in
with
the
mip
7779,
but
the
delegation.com
we're
going
to
be
talking
about
that
on
the
gnr
call
today,
and
so
I'd
like
to
go
ahead,
and
I
I
listed
the
post,
the
forum
post,
that
linked
into
the
discord
channel
for
everyone,
I'm
sure
you've
hopefully
had
some
time
to
take
a
look
at
it.
But
I'd
like
to
start
off
by
opening
the
floor
to
folks
that
want
to
begin
this
discussion.
A
C
B
Now,
there's
how
they
set
it
up.
So
basically
christian
is
unhappy
with
williams
leadership.
He
thinks
they
set
up
real-world
ass.
He
thinks
william
set
up.
We
were
with
assets
to
fail.
He
told
william
that
williams
suggested
that
christians
set
up
a
another
cu
and
then
yesterday
morning
william
fired
christian
and
some
other
people.
B
They
responded
by
putting
forth
this
proposal
where
they
would
take
over
75
of
william's
budget
and
yeah,
so
that's
kind
of
where
they're
at
they
seem
to
have
like
be
doing
like
a
pr
blitz,
the
post
today
yeah,
I
don't,
I
don't
know
the
exact
numbers
mark.
I
saw
three
people
mention
that
were
resigned
that
are
fired
william
hasn't
given
his
side
of
the
story.
C
B
So,
if
that's
the
whole
team,
then
fair
enough,
so
yeah,
that's
the
drama
side
of
things.
Personally,
I
think
this
is
a
terrible
way
to
handle
it
because,
like
if
we're
we're
basically
saying
we
don't
have
any
confidence
in
william
if
we're
taking
away
75
of
his
budget,
but
then
we're
also
not
off
boarding
him
so
there
there
should
be
something
more
firm.
It
would
just
create
a
very
toxic
and
create
a
lot
of
problems
down
the
line
to
have
to
pass
it,
as
is.
D
It's
the
highest
priority
that
we
have
and
we
need
christian
or
other
legal
to
be
able
to
help
us
out
with
that.
But
until
that
happens,
we're
delayed,
and
so
I
just
want
to
be
clear
that
there
are
some
dependencies
here.
I
think
that
there's
a
there's
an
easy
solution
in
the
way
of
there's
two
conversations.
In
my
opinion,
I'm
only
gonna
address
the
one
that
deals
with
the
current
work.
D
So
if
we
can
just
simply
come
together
with
with
a
plan
for
a
transition,
I've
got
a
listing
of
some
work
from
christian
that
needs
to
be
complete
and
then,
if
we
can
come
up
with
a
simple
plan
to
be
able
to
facilitate
the
transition
of
that
work,
if
will
has
a
new
team?
That's
fine,
but
I
just
want
to
ensure
that
we
have
the
current
work
to
be
completed,
but
without
payment
of
any
salaries
to
the
cur.
The
ex
rwf
employees,
they're
obviously
unwilling
to
engage,
as
you
would
expect.
D
A
A
F
A
E
G
E
F
I
talked
to
will
yesterday
briefly,
and
he
says
that
he
already
has
a
replacement
team
and
that
they're
already
in
place
and
working
with
him.
He
also
says
that
he's
communicating
with
key
counterparties,
I
will
say
I
did
also
talk
to
reached
out
to
a
number
of
asset
originators
that
we
do
business
with
and
they
were
not
particularly
well
informed
and
were
very
relieved
to
get
an
email.
F
I
guess
I
was
the
only
one
that
talked
to
most
of
them
about
the
certain
most
several
of
them
read
it
on
the
forum
first,
so
yeah
I
I
would
like
to
I
I
second
robert's
priority.
If
we
figure
out
a
way
to
make
the
you
know,
the
business
continuity
be
the
priority
here.
I
don't
really
have
strong
opinions
about
what
staff
should
be
doing
what,
but
it
it's
not
a
great
look.
When
I
you
know
asset
originators
are
like.
Oh
thank
god.
You
sent
me.
H
F
A
I
I
You
know
he
hasn't
told
us
who
he's
hired
right,
I'm
trying
to
figure
out
status
before
we
can
figure
out
movement
right.
I
mean
talking
to
aos
and
unders,
explaining
the
situation
without
really
knowing
formally
status.
We
just
have
a
group
of
fire
people
and,
and
then
a
group-
that's
left,
I
don't.
I
don't
see
how
we
can
move.
I
don't
know
how
we
can
move
forward
right.
I
heard
that
christian.
You
know
so
there's
people
underneath
will
that
complained
that
somehow
caused
a
split,
but
I'm
just
trying
to
understand
what
is
that?
G
So
you
know
I've
had
to
speak
with
some
other
large
maker
holders
about
the
situation
and
we're
trying
to
work
around
that.
But
you
know
this
is
extremely
unprofessional,
how
everything
is
played
out
and
it's
it's
costing
the
protocol
real
money.
So
I
hope
people
are
thinking
about
this.
Given
the
current
situation.
I
Okay,
thanks
mark
for
kind
of
that
update
I'm
just
trying
to
figure
out
from
a
business
perspective.
You
know
we
have
issues
we
want
to
move
forward
on,
but
it
sounds
like
our
wf2o
is
effectively
stuck
here
and
whether
we
have
issues
or
not.
With
this
facilitator,
I
don't
know
that's
true.
I
agree
with
everybody.
We
don't
have
any
really
additional
information
and
we
don't
have
the
key
parties
here
to
address
the
issue.
I
So
I
kind
of
have
a
problem
with
how
do
we
move
forward
because
we
formally
have
an
rwf2o
in
place?
It
has
a
facilitator
and
if
he's
going
to
remove
staff
and
replace
them,
you
know
this
is
like
me
thinking
about
a
department
head.
Unless
I
have
a
very
specific
reason
to
replace
that
department
head
I'm
going
to
go
with
what
that
department
head
is
doing
right
until
otherwise
notified,
and
so
I'm
curious,
whether
we
have
any
actionable
things
here
or
whether
we're
just
talking
without
information.
E
Thank
you
making
me
appreciate
yeah,
I
feel
like
I
feel,
like
we're,
really
missing
some
crucial
information
here.
I
just
want
a
second
that,
because,
like
now
it
sounds
like
absolutely
unprofessional,
totally
unacceptable,
behavior
right-
and
I
don't
know
if
I
haven't-
had
many
interactions
with
willy,
but
I
like
I
see
I
I
feel
like
we're,
really
missing
a
big
part
of
the
puzzle
here
and
so
so
I
think
we
either
like.
E
We
have
to
assess
the
kind
of
damage
I
think
first
and
then
we
can
kind
of
see
say
think
about
control,
and
I
think
what
paper
did
is
amazing.
Just
you
know
letting
our
partners
know
what's
up
as
far
as
we
know,
but
but
like
I
think
we
need.
We
need
to
get
that
information
and
as
soon
as
possible.
Basically
now.
J
J
You
know
it's
still
going
die
is
still
working
maker's
still
working
the
whole
community
is
right,
not
the
whole
community,
but
a
big
portion
of
the
community
here
delegates
are
here,
so
we
just
don't
have
enough
information,
obviously
to
come
to
a
conclusion
here,
but
just
just
want
to
say
that
to
all
the
rwf
providers,
rwa
provider-
sorry,
you
know
die-
is
still
going.
It's
still.
It's
still
working
right.
J
A
H
A
K
So
I
I
don't
think
that
we
have
an
issue
with
who's
responsible
right
now
I
mean
the
the
relationship
between
dao
and
real
refinance
is
through
the
facilitator,
and
the
facilitator
is
not
in
the
room,
and
I
I
think
it's
not
fair
discussing
this
stuff
without
seeing
the
other
side
as
well.
So
we
shouldn't
talk
about
that
right
now
and
in
terms
of
responsibility.
K
It's
it's
real
finance,
the
core
unit
that
we
have,
that
is
responsible
for
delivering
and
if
we
thinks
he
can
fire
everybody
and
set
up
a
new
team
and
still
keep
on
delivering.
Then
at
least
from
the
dow
perspective.
From
the
delivery
perspective,
everything
is
fine,
but
of
course
he
has
to
prove
that
right
and
right
now
we
don't
have
every
any
evidence
against
or
for
that.
K
So
it's
all
speculating
right
now
and
the
only
thing
that
we
can
talk
about
right
now
is
do
we
do
we
actually
want
to
have
a
second
real
finance
core
unit
where
I
have
a
strong
opinion,
but
others
maybe
have
another
strong
opinion,
but
that's
that's
the
only
thing
we
can
talk
about
right
now
without
being
unfair.
I'd,
say.
E
I
would
like
to
finish
this
discussion
as
quickly
as
possible,
we're
clearly
lacking
all
the
relevant
information,
like
the
only
line
of
inquiry
that
we
currently
have
is
is
robert
who's,
obviously
interacting
with
them,
and
he
could
probably
like
tell
us
how
this
this
process
is
working
at
the
moment,
but
I
think,
like
let's
just
finish,
that
we
obviously
just
just
lack
the
right
input,
and
you
know
so
whatever
we
do
is
is
like
is
decided
in
complete
absence
of
relevant
information,
and
it
will
not
be
successful.
I
think.
I
Yeah,
I
want
to
echo
comments
here.
So
there's
no
point
in
talking
about
the
current
state
of
real
world
finance,
but
I
am
willing
to
entertain
a
discussion
about
a
redundant
unit
at
this
point
for
different
reasons.
You
know,
so
we
could
talk
about
that,
but
talking
about
the
state
of
where
we're
at.
K
So
trying
to
get
in
the
more
more
optimistic
way
of
this
call,
I
totally
would
love
to
see
more
more
inclinations
of
whatever
what
we
do.
It's
not
only
reward
finance.
Also.
Protocol
engineering
is
probably
even
more
crucial
that
we
have
another
team
that
that
can
can
do
stuff
there
and
actually
not
not
not
even
because
of
the
bandwidth
problem,
but
also
because
of
the
competition
problem.
So
I
don't
know
I
mean
some
people
could
say
yeah.
Maybe
this
core
unit
is
not
set
up
for
success
or
whatever.
K
I
have
no
data
on
that.
I
don't
know,
but
if
there
would
be
a
different
core
unit
delivering
on
the
same
domain
and
they
would
be
better
from
whatever
kpi
you
would
come
up.
That
would
be
great
right.
I
mean
this
is
not
only
a
competition
about
of
core
units;
it
would
also
be
a
competition
of
talent
that
get
attracted
by
another
call
united
as
well.
So
that's
why
I'm
actually
excited
about
the
proposal
we
see
on
the
forum
right
now,
but
only
because
I'm
ignoring
all
the
data
that
I
don't
have.
C
K
Know
I
mean
it's,
it's
not.
It
was
certainly
not
something
that
that
popped
up
in
will's
mind
to
fire
everybody
just
in
the
morning.
That
was
something
that
evolved
over
months
and
we
don't
have
data
there.
So
I'm
not
judging
the
the
proposal
based
on
the
data,
I
don't
have.
I
I
just
adjust
the
proposal
based
on.
I
actually
would
like
to
see
more
core
units
competing
with
each
other
or
yeah
yeah.
It's
not
only
about
comp
competition.
It's
I
think
it's
that's
the
way
how
we
can
scale
on
the
long
run.
A
L
Yeah,
thank
you.
I
kind
of
want
to
echo
tim's
notion
here
that
I
think
I
think
multiple
core
units
are
conducting.
The
same
thing
is
the
way
forward,
and
I
think
we
should
be
really
careful
to
discuss
things
that
we
do
not
have
a
full
picture
of,
but
we
do
know
some
things
here.
Like
you
know,
there
is
a
we.
We
have
a
core
unit
that
is
sort
of
fragmenting.
L
The
group
of
people
who
are
now
outside
the
core
unit
they
represent
the
real
risk
of
leaving
the
protocol
if
they
don't
get
a
second
per
unit
right,
which
has
some
implications
if
we
go
forward
with
the
second
unit.
That
also
has
some
financial
implications
and
we're
right
now
in
in
the
process
of
trying
to
reduce
our
budget.
So
I
don't
really
see
how
we
can
find
room
for
second
accordion
of
any
kind
at
this
moment,
even
though
I
think
in
the
abstract
and
in
the
long
run.
L
That
is
the
way
to
go
so
so
we
can
at
least
start
to
shape
some
of
these.
These
discussions
that
we
need
to
have
in
the
future
when
we
have
a
more
full
picture,
and
if,
if
this
is
actually
a
more
permanent
state
of
affairs
or
or
if
we
can
somehow
manage
to
salvage
the
situation
and
and
get
our
coin
back
together
again,
somehow.
J
So
yeah
I
just
wanted
to
shine
in
with
regards
to
mip
65,
come
on.
Let's
get
this
done
t-shirt.
If
you
watch
this
eric
grab,
kristen
peterson,
please
come
on.
Let's
get
it
done,
you
know,
you
know
how
many,
how
many
days
and
nights
I've
spent
in
this
dow
didn't
care
whether
it
was
for
money
or
not.
It
was
for
the
you
know.
The
ethos
of
maker
thou
right,
so
please
come
on.
Let's
get
mid.
65
is
something
that's
needed.
J
Let's
see,
0x
the
name
of
your
new
core
unit
go
to
work
here
and
get
the
mid
65
across
the
finish
line.
That'd
be
awesome
right.
I
think
a
lot
of
delegates
would
like
to
see
that
happen
and
if
you
guys
can
make
that
happen,
you
know,
I
think
you
could
get
a
lot
of
delegates
and
mkr
owner
token
owners
behind
you.
So
that's
my
plea
to
teach
eric
wrap
and
christian
peterson.
D
Hey
frank:
it.
I
don't
think
it's
it's
a
this
issue
with
them.
It's
you,
gotta
pay,
the
people
christian
is
well,
I'm
not
speaking
for
him,
but
in
my
communication
directly
with
him
he's
willing
to
do
the
work,
but
we
got
to
pay
him.
We
got
to
pay
t.j
and
we
got
to
pay
eric
if
we're
planning
to
use
their
services,
that's
really
the
net
of
it
for
implementation.
D
J
Yeah
that
might
be
that
might
be
the
case
with
you
know.
Different
people
think
differently.
Some
people
think
you
know
you
got
to
get
paid
first.
You
know
I
look
at
protocol
engineering
as
the
perfect
example
of
a
core
unit,
I'm
not
picking
on
any
core
units
that
are
part
of
the
dow
but
they're.
An
amazing
example
of
what
a
core
unit
should
be,
because
these
guys
just
deliver
man
they're,
not
worried
about
the
politics.
J
G
G
That
was,
you
know,
will
or
not
will
eric
tj
and
christian
working
on
that
deal
and
then
what
what
we
need
to
get
mip
65
across
the
finish
line
and
some
other
critical
short-term
bond
projects
is,
is
legal
funds
to
support
christian
and
those
funds
have
been
withheld
for
weeks,
and
this
is
costing
us
real
money.
So
you
know
the
maker
holders.
I've
spoken
to
about
the
situation
are
not
pleased
and
I
don't
think
you
can
put
the
blame
on
christian,
eric
and
tj,
given
that
they've
been
fired.
J
G
A
M
Yeah,
let
me
just
turn
on
my
camera,
so
yeah.
I
just
want
to
bring
like
the
more
human
perspective
here,
because
I
I
need
the
delegates
to
think
about
that,
like
I
think,
what's
happening
with
real
world
finance
is
one
example,
but
we
also
have
another
example
with
strategic
happiness,
and
we
all
know
what
I'm
talking
about,
but
no
one
is
doing
anything
about
it
and
I
think
all
of
these,
like,
like
being
a
facilitator,
is
horrible.
M
It's
super
stressful,
sometimes,
and
when
you're
in
the
forum,
things
that
are
against
your
community
or
against
yourself
it
it.
It
is
something
personal
and
sometimes
it
can.
It
can
hurt
you
and
it
can
go
to
like
personal
level
on
on
ways
that
the
community
can't
imagine
so
you'll
know
that
bourbon
is
not
okay
right
now,
I
think
will
also
is
not
okay,
but
I
I
will
let
you
guys
to
talk
with
him,
so
I
don't
know
how
to
manage
these
kind
of
things,
because
I
know
we
are
thou.
M
I
think
it's
also
not
fair
to
talk
about
these,
like
on
an
on
a
public
call
where,
like
there
are
a
lot
of
people
giving
their
opinions
and
maybe
hurting
the
other
people,
but
we
need
to
like
create
solutions
for
this,
and
and
I'm
talking
also
about
strategic
happiness.
Like
I
know,
bourbon
is
not
having
a
good
time
so
yeah.
A
J
I
don't
know
I
just
words
of
wisdom
right
there
I
mean
you
know
I
mean
I
could
do
a
full
disclosure.
I
had
a
meeting
before
this
with
the
last
last
second
meeting
with
chaos
labs
so
shout
out
to
them
for
reaching
out,
and
they
just
wanted
to
reach
out
to
me
and
tell
me
that
they're
pretty
much
done.
They
don't
want
to
deal
with
this
politics,
but
I'm
not
gonna
get
into
it.
J
That's
another
subject,
but
dad
when
listening
to
homer
and
ben
of
chaos,
laughs
telling
me
that
they
just
this
is
just
not
worth
it
for
them.
It
just
goes
to
show
you
what
nadia
was
just
saying
like
man.
What
are
we
doing
here
like
we
got
to
do
better
than
this
and
yeah
I'll?
Let
the
maker
man,
I
think
who's
up
next
go.
Go
next.
I
That's
all
right,
struggling
with
the
difficult
issue.
I
kind
of
want
segregate
two
points.
You
know
we
started
talking
about
every
having
redundancies
and
core
units
there's
some
real
issues
with
that.
I
never
really
pushed
on
it
because
conceptually
for
me,
the
idea
of
mult
redundancies
and
core
units
was
that
they
would
bid
on
service
contracts
right,
but
you
have
a
real
issue
with
people
behind
these
things.
I
mean
it's
something
I'm
very
sensitive
to
I
listen,
that's
why
I
let
nadia
go
first.
I
Is
you
have
real
people
here
and
stuff
going
on
right
and
in
a
real
company?
There's
an
authority
and
responsibility
chain
right?
You
have
to
think
about
this.
From
the
dow
perspective,
we
are
all
our
internal
dirty
laundry
publicly.
There's
just
nothing!
You
can't
you
can't
not
do
that
if
you
do
and
you're
doing
something
else
that
most
people
aren't
going
to
like,
because
you're
not
being
transparent
right,
and
so
you
know
when
I
sit
here,
you
know
if
I
think,
I'm
going
to
take
a
side.
I
I
got
to
go
with
the
guy
who
we
appointed
and
who
was
in
charge.
Unless
someone
is
going
to
put
up
a
removal
on,
will
you
basically
have
to
say
will
and
whatever
he
thinks
he
has?
Has
the
authority
and
the
responsibility
and
if
and
then
the
question
is,
how
do
we
deal
with
that?
The
other
people?
You
know,
I
think
about
this
from
a
department
head
standpoint.
You
know
if
half
my
department
resigned
and
I
still
have
a
department
head,
you
know
if
I'm
the
guy
who's
above
that
department
head.
I
You
either
are
changing
the
authority
and
responsibility
by
dealing
with
will
and
the
current
team
and
figuring
out
a
new
team,
because
the
idea
that
we're
going
to
rough
shot
in
the
people
who
have
left
into
a
second
redundant
team,
I
guarantee
you
right
now
they're
going
to
fight
each
other
and
if
that's
going
to
happen,
we're
going
to
have
a
huge
amount
of
other
problems
to
go
with
it.
So
I
am
at
the
point,
given
the
situative
state,
I
need
to
hear
from
will
what
has
happened
with
him
and
then
the
people
who
left.
I
A
E
Yeah
sorry
for
charming,
but
I
think
like
we're
just
running
around
the
surface,
I
think
we
can
either
work
productively
and
think
about
what
team
said.
Do
we
like
the
idea
of
a
second
rwf
unit
in
the
abstract,
or
we
can
work
on
what
robert
said?
How
do
we
make
sure
there's
continuity
on
the
current
efforts,
but
I
think
what
happened
in
rwf?
We
don't
know,
let's
not
talk
about
it,
because
you
know
we
don't
have
that
information.
I
think
it's
it's
very
simple.
N
N
And
yes,
it's
true
that
we
don't
have
the
full
information
and
we
also
well
some
might
say
that
it
should
be
something
that's
more
private,
but
at
the
same
time
the
purpose
of
dao
is
that
to
make
it
transparent
and
urge
them
to
be
transparent
right.
I
don't
think
that
is
something
that,
because
of
our
emotional
attachment,
that
we
should
try
to
push
it
to
the
dark,
although
some
delegates
or
others
might
think
differently.
N
The
second
point
I
also
want
to
talk
about
is
the
presence
of
it,
because
I
know
that
we
talk
about
like
potential
this
second
rwa
and
then
how
much
achievement
they
have
done.
But
we
also
have
to
remember
that,
at
least
from
the
government
side
we
have
given
the
facilitator,
the
power
to
hire
or
fire
if
needed,
within
their
budget
and
then
in
a
way
we're
undermining
it
right.
And
then
I
think
that
it's
that's
the
kind
of
presence
that,
like
yes,
we
don't
even
know
like
why
exactly
they
were
fired
or
they're
laid
off.
N
But
I
think
it's
a
little
bit.
I
mean
we
can
discuss
about
it,
but
I
think
they
just
created
the
kind
of
presence
where
like
okay,
so
now,
we
think
they
might
be
fine
because
they
have
done
this
kind
of
work.
But
then
I
think
that
we
have
to
have
some
kind
of
principle
that
it
is
now
within
their
domain
and
then
in
some
way.
O
Hey
guys,
it's
tj,
if
you
guys
have
any
any
questions.
You
know
we're
kind
of
at
this
stage
in
an
open
book
and
we
just
kind
of
want
to
move
forward
and
try
to
set
up
a
core
unit
that
builds
out.
Rwas
builds
interesting
things
with
good
people.
So
if
there
are
any
questions
about
what
happens,
I'm
happy
to
answer
them
directly.
O
If
you
guys
would
prefer
to,
I
don't
know,
keep
these
specifics
offline
and
focus
on
the
mips
and
the
way
to
move
forward,
whether
that's
business
continuity
or
sorting
out
this
mess
happy
to
do
that,
but
yeah.
If
there
are
questions
I'm
here,
otherwise,
we've
got
a
bit
of
a
little
presentation
we'll
do
on
on
gnr
very
informal,
but
just
explaining
kind
of
why
we
did
what
we
did
and
we
hope
what
we
hope
is
in
for
the
future.
H
C
H
O
No,
I
mean
that's
going
to
be
a
sort
of
a
some
casual
thoughts
about
how
you
know
we
can
navigate
this
process
while
also
honoring
the
obligations
to
both
existing
vault
holders.
Deals
that
just
got
closed
in
sock
chain
and
hvb
as
well.
As
you
know
what
perspective
prospective
mipsticks
applicants
expect
from
real
world
finance
going
forward,
but
you
know
there's
no
slide
deck.
So,
if
there's
specific
questions
about
how
we
would
aim
to
in
fact
continue
business
as
usual
or
anything
about
the
back.
O
D
P
Yeah
I
I
guess
I
mean
that
there's
there's
lots
of
questions
in
my
mind,
but
kind
of
the
like
your
team,
christian
and
and
and
tj
and
and
erica
I
mean
I,
I
feel
like
you've
done
really
stellar
work
here
in
bringing
bringing
real
reward
assets
to
the
protocol,
and
you
know
I
know
it
takes
a
a
month
or
two
for
a
mipset
to
get
approved.
So
I'm
just
wondering
do
you?
Do
you
have
a
plan
for
like?
O
Yeah
so
so
look
I
mean
it's
obviously
a
tricky
situation
right
because
we
have
to
go
through
the
traditional
governance
process.
I
hope
you
know
being
part
of
prospective
rwf
0x
that
we
do
in
fact
get
a
mandate
and
get
resources.
You
know,
but
ultimately,
this
this
interim,
I
think
I
can
speak
for
the
whole
team.
O
We
just
care
about
doing
good
work
and
maintaining
the
reputations,
hopefully
we've
built,
and
so
that
means
keeping
the
obligations
that
we've
made
to
external
counterparties.
You
know
originators
who
continue
to
rely
on
the
protocol
as
well
as
to
the
extent
we
can
now,
as
I
suppose,
we're
regulars,
because
on
tuesday
we
received
termination
letters
which
was
odd,
that
we
can
continue
to
service
those
relationships
and
answer
questions.
O
You
know
for
folks,
like
pando
for
folks,
like
block
tower,
we
expect
anchorage
to
put
together
a
great
mipstick
soon
and
so
look
the
the
money,
at
least
for
me
I'll.
Let
eric
speak
for
himself.
I
got
I
don't.
I
don't
really
care
about
the
money
right.
I
just
want
to
continue
to
do
good
work.
I
can
float
myself
for
as
long
as
I
need
to.
We
saw
luca
float
himself
for
six
months
while
continuing
to
contribute
to
this
protocol.
I
intend
to
do
the
same.
O
I
do
hope
at
some
point
to
be
paid
for
the
work,
but
to
the
extent
that
I,
as
a
regular,
can
continue
to
maintain
existing
vaults
and
help.
You
know
push
forward
new
perspective
vaults
I
intend
to.
I
think
you
know.
Robert
can
talk
a
little
bit
more
about
this.
I
think
he
and
cp
have
talked
about
how
to
kind
of
from
a
financial
point
of
view.
O
You
know,
keep
a
stockpile
of
the
resources
that
allow
for
us
to
continue
doing
business,
especially
on
you
know,
critical
things
like
the
treasury
management,
the
bond
strategies,
but
yeah,
that's
kind
of
the
viewpoint
I
take
as
long
as
it's
not
you
know,
nine
months
of
limbo,
I'm
happy
to
keep
contributing
and
pushing
forward
this
initiative
because
I
spent
the
last
year
on
this
and
it's
what
I
want
to
keep
doing.
That's
why
we're
pushing
for
a
new
core
unit
and
open
mandate
with
some
resources.
Q
I
would
second
tj
I
mean.
I
think
this
is
what
prior
four
week
process
to
iron
out.
I
mean
I
I
I
can
float
myself,
though
I
certainly
hope
we
can
resolve
it
quickly.
I
mean
I
apologize
for
not
being
on
here,
but
I'm
actually
on
a
family
vacation.
It's
my
wife's
birthday
today,
but
I
started
getting
some
people
on
the
phone
telling
me
I
should
try
to
show
up
here.
Q
I
was
planning
to
just
do
the
governance,
so
I'm
gonna
have
some
apologizing
to
do
later
tonight,
but
no,
I
I
think
we've
got
a
good
plan.
I
mean,
I
think
it's
a
lot
of
it's
continuity.
You
know
after
these
last
couple
quality
deals
are
done.
You
know,
there's
black
towers,
showing
up.
I
mean
there's
just
there's
a
lot
of
good
things
going
on
and
I
think
there's
there's
a
lot
of
demand
for
increasing
quality
and
innovative
deals.
Q
You
know
the
last
two
deals
are
good,
but
how
do
you
actually
innovate
and
put
more
stuff
on
the
blockchain
next
time
around
I
mean
some
of
us
have
been
this
game
a
long
time
and
are
more
driven
by
the
innovative
nature
of
it,
as
opposed
to
just
booking
business.
You
know
it's
easy
to
do
kind
of
off-chain
deals.
You
know
I've
done
hundreds.
Q
How
do
you
actually
innovate
in
a
more
meaningful
way
and
change
the
playing
field?
I
mean,
I
think,
that's
what
really
drives
us.
You
know,
and
I
mean
I
I
know-
teach
feels
that
and
so
does
christian.
We
could
always
go
back
to
kind
of
wall
street.
You
know
you
probably
get
paid
more,
but
you
know
it's
a
different
game.
J
Yeah-
and
I
just
want
to
say
happy
birthday
to
mrs
rapp
for
celebrating
her
birthday,
and
I
hope
you
guys
have
a
good
time
and
just
to
teach
this
point,
you
know
we've
had
a
lot
of
individuals
like
loan
for
wisdom,
primo
of
the
unit
and
even
guys
like
maker
man
who
got
shortchanged
and
eventually
they
got
paid
for
what
they
deserve.
So
don't
don't
don't
sweat
it
like
you
know.
J
I
know
you
weren't
on
here
tj
earlier,
but
I
did
sent
out
a
message
in
this
recording
that
if
you
guys
are
able
to
do
anything-
and
I
I
kind
of
got
to
suggest
that
if
you
don't
have
funding,
you
can't
get
stuff
across
the
finish
line.
But
if
you
could
help
lip
65
or
anybody
else
like,
I
think
you
mentioned
anchorage
a
second
ago.
J
D
M
Q
But
I
mean
I
mean
the
three
of
us
honestly
done.
You
know
most
of
the
work
in
the
last
six
months
that
we've
done
these
deals
and
we've
done
the
criteria
and
we
just
want
it
to
work
at
the
end
of
the
day.
You
know,
there's,
obviously
some
difference
with
will
and
he
wants
to
go
a
different
way,
but
we
like
what
we're
doing
we
love
working
together.
Q
We
like
working
with
maker
there's
a
lot
of
quality
people
like
robert,
and
you
know
we
just
want
to
take
this
to
the
next
level,
and
I
mean
this
I
wish
christian
was
here.
I
think
he's
got
some
other
engagement
he
has
to
make.
Is
it's
originally
his
motion,
but
just
feeling
we
want
to
be
set
up
to
succeed
as
a
team,
you
know,
and
he
was
feeling
strong,
though
we
have
to
agree
that
we
were
feeling
we
weren't
really
being
set
up
to
succeed.
Q
I
think
we
could
have
done
more
in
the
last
six
or
seven
months
you
know
than
we
had,
but
we
just
really
weren't
being
able
to
do
as
well
as
I
think
we
should
have
nor
as
well
as
I
think
the
community
deserves,
for
example,
tees
just
posted
something
today
on
how
the
assets
are
performing
an
update
on
what
are
we
doing
over
the
last
month.
You
know
in
my
mind
those
should
go
out
every
month.
There
should
be
a
discussion
where
everyone
freaking
attends
who
wants
to
people
should
say
hey.
Q
I
want
to
see
more
on
this
issue
around.
You
know:
here's
the
whole
portfolio,
I'm
you're,
coming
from
credit,
private
credit.
You
run
through
the
whole
goddamn
book
asset
by
asset
every
month,
and
you
know
we
should
be
there
and
show
people
here's.
What
we're
doing
here
are
the
assets,
hear
the
concerns,
hear
the
trends.
You
know
people
want
to
see
more
of
one
asset,
let's
roll
into
it.
Q
You
know
I
mean
that's
just
the
game
if
you're
not
really
proactive
in
how
you're
managing
a
credit
book
you're,
ultimately
asking
for
trouble
in
a
sense,
we
want
to
outsource
more
of
this,
but
you
still
need
to
keep
kind
of
an
oversight
of
here's
the
asset
book.
Here's
how
it's
performing
you
know
and
we
should
help
people,
because
it's
not
easy
to
learn
structured
finance,
but
we
should
help
people
get
there
as
opposed
to
kind
of
hiding
in
a
corner.
Q
We
need
to
be
out
there
front
and
center
when
someone
says
you
know,
what's
a
bond
versus
a
loan,
you
know
that's
a
fair
question.
You
know
I
didn't
know
that
20
years
ago
you
know
take
the
time
to
explain
it.
You
know,
engage
people
proactively,
you
know
where
they're
at
and
and
get
them
more
up
to
speed
on
what
we're
doing
and
why
you
know
getting
their
feedback.
There's
clearly
other
things
we
probably
missed.
You
know
no
one.
No
I'm
certainly
smart
enough
to
know
that.
Q
Q
You
know
they're
looking
at
the
same
assets
and
thinking
about
the
risk,
because
at
the
end
of
the
day,
when
you're
making
loans,
you
own
risk
you're
putting
risk
on
your
books
and
hopefully
everything
you
expect
goes
well
and
you
get
paid
your
four
or
five
percent,
but
you
always
got
to
be
thinking.
You
know
what
can
go
wrong
and
what
did
I
miss,
which
is
the
antithesis
of
defy
and
crypto
and
venture
equity
in
a
way
where
it's
all
about?
Is
this
five
times
return?
Q
20
times
return,
100
times
return
and
we're
like
give
me
my
five
percent
interest,
my
capital
back
and
I'm
a-okay,
it's
a
very
different
set
of
glasses.
You
kind
of
have
to
wear
the
glasses
the
world
sucks
or
the
world
is,
and
I'm
like,
I
gotta
go
around
how's
every
way
I
can
lose
money
and
think
of
things.
That
way,
you
know
and
it's
a
bit
obsessive
in
some
ways,
I'm
glad
we're
innovating.
Q
Here
you
know
it's
more
fun
to
innovate,
which
is
more
kind
of
thinking
of
the
positive,
but
to
not
lose
money
and
be
a
good
lender.
You
got
to
be
very
kind
of
skeptical.
You
know
like
the
grumpy
old
lender,
like
no.
I
want
my
money
back,
that's
a
bad
idea!
Next,
you
know,
I
mean
you
just
you
get.
You
really
have
to
own
the
risk
and
protect
it.
Q
You
know
when
you
have
a
pile
of
capital,
there's
a
lot
of
folks
out
there
that
want
your
capital
and,
at
the
end
of
the
day,
a
lot
of
them
want
to
do
stuff.
That
is
really
equity
risk
that
should
not
be
funded
with
debt
capital,
but
they're
going
to
tell
you
how
it's
really
great
risk,
and
it's
really,
it's
really
appropriate
for
a
senior
secured
when
they
should
be
going
and
getting
equity
somewhere
and
you're,
not
always
going
to
make
friends
doing
that
either.
Q
Q
People
have
hammered
like
this
basic
stuff
out.
It's
like
the
financial
laws
of
lending
they're,
almost
like
gravity.
You
can
fly
for
a
little
bit,
but
if
you're
doing
bad
foolish
lending,
eventually
the
laws
are
going
to
pull
you
down
like
a
carissa
and
you're
smashed
right
into
the
earth.
So
you
need
to
be
smart,
you
know,
and
a
bit
skeptical
of
how
you
land,
you
know
it's
just
it's
a
little
different
than
picking
equity,
investing.
M
M
I
have
no
idea,
but
it
will
be
good
that
we
would
start
thinking
about
that
because,
like
you
know
like
robert
and
I
we
have
processes
inside
our
teams
so
like
we
need
to
know
like
okay,
we
are
going
to
involve
tj
or
eric
or
christian,
or
will
I
don't
know
in
the
next
call?
So
it's
it's
it's
good
to
think
about
the
process
to
follow.
M
Also
because-
and
this
is
more
thinking
about
governance,
if
you
guys
are
not
part
of
a
career
unit-
and
you
don't
have
a
mandate
like-
I
shouldn't
be
like
involving
you
on
the
calls,
because
it
makes
no
sense
because
like
if
we
have
a
career
network
with
a
mandate
like
that
unit
should
be
doing
the
risk
assessment
and
maker
holders
should
be
like
reading
their
their
risk
assessments.
I
don't
know
like.
M
M
M
O
What
cp
eric
and
I
are
hoping
for
when
we
get
our
mandate
and
hopefully
resources
is
that
we
really
face
these
institutional
counterparties
that
speak
structured,
finance
right.
Those
are
our
backgrounds.
Those
are
the
deals,
we're
hoping
to
focus
on
and
be
able
to
innovate
on
those
deals.
I
think
it
probably
makes
more
sense
to
the
extent
that
there's
a
separate
core
unit
that
is
in
apac,
for
to
focus
maybe
on
a
more
sort
of
innovative
emerging
market,
consumer
debt-esque
solutions.
But
yeah,
look
in
the
interim.
O
A
E
Yeah
just
wanna
echo
nadio's
point
because
I
think
at
the
moment,
like
I
love
like
basically
so
huge
respect
for
your
work
and
also
that
you're
generous
enough
to
to
say
basically
funding
yourself
until
you
can
get
paid.
So
that's
amazing.
So
thank
you
very
much.
That's
it's
great
but
like
I
think
we
have
to
just
take
for
me.
The
worst
case
scenario
would
be
you
continue
with
these
relationships
and
at
the
same
time
the
other
core
unit
tries
to
barge
in
there
and
then
they
get.
You
know.
O
Look,
I
think,
I
think
these
things
actually
happen
very
naturally,
it
depends
who
the
originator
is
or
who
the
counterparty
is
right,
but
I
mean
take
someone
like
block
tower
right.
You
know
block
tower,
come
from
wall
street
right,
they
expect
face
specific
things
eric
and
I
have
spent
time
getting
comfortable
with
these
guys
looked
at
sort
of
what
the
mips
six
is
advise
them
on
the
process.
O
Right,
no
other
core
units
have
a
relationship
with
that
counterparty
and
you're
dealing
with
a
significant
sum
of
money,
a
significant
exposure
on
behalf
of
the
dow
and
the
relationship
needs
to
be
tight
so
that
you
can
build
these
things.
It's
not
like
you
know,
who
does
black
tower
speak
to
it's
like
block
tower,
wants
to
speak
to
a
group
of
people
that
they
know
and
that
they
can
speak
to
the
competence
of.
So
I
think
there
are
some
edge
cases
in
terms
of
especially
especially
with
nadia's
group
right
new
business.
O
What
do
you
do
with
new
business?
I
don't
know
exactly
right.
What
we're
focused
on
is
trying
to
sort
out
this
issue
as
professionals
and
move
to
a
place
where
we
can
continue
to
onboard
collateral,
and
the
question
is:
how
do
we
get
from
point
a
to
point
b
without
creating
so
much
chaos
that
it
scares
everyone
away
right?
How
do
we
not
scare
tower
away?
How
do
guys?
How
do
we,
not
scare
anchorage
away
anchorage,
is
willing
to
do
business
with
us?
O
This
is
this
is
a
huge
compliment
to
maker
dow
and
to
real
world
to
the
onboarding
of
real
world
assets
right.
They
want
to
put
together
a
hash
power,
backed
loan
facility,
a
large
facility
that
they
administer
right.
This
is
the
only
federally
regulated
crypto
banking
license
in
the
us,
and
they
want
to
do
business
with
us.
So
I
think
these
things
are
really
more
obvious.
It's
a
little
awkward.
E
C
E
O
Yeah
yeah
look
you'll,
look
at
that
that
could
that
could
be
possible.
I
think
it's
about.
Can
we
find
a
way
to
be
professionals
to
the
outside
world
as
we
deal
with
our
internal
problems
right,
and
that
is
very
much.
I
hope
that
everyone
is
on
the
same
page.
Whatever
happens
here
right,
we've
gotten
to
a
very
specific
point
in
terms
of
makodao's
reputation
to
the
external
world.
O
We
must
protect
that
with
everything
we
can
so,
whether
that's
delegates,
whether
that's
other
core
unit
facilitators
like
nadia
or
robert,
you
know
making
it
clear
to
the
real
world
finance
core
units
that
you
know
whether
or
not
you
like
one
another.
You
know,
regardless
of
where
you
know
the
future
of
rural
finance
is,
let's
make
sure
we're
at
least
delivering
consistent
communications
to
the
outside
world
and
being
professionals
so
that
we
can
protect
what
we've
built
here.
Q
And
then
I
got
to
be
honest:
we've
tried
to
negotiate
with
will
on
good
faith,
especially
on
separating
up
like
the
current
pipeline,
who
wants
to
do
what
he
will
not
engage
with
us.
So
it's
it's
frustrating,
but
it
definitely
feels
like
our
counterparties
deserve
clarity.
You
know,
and
we
want
to
give
it
to
them.
I'm
I'm
a
bit
annoyed
or
frustrated
by
that
yeah.
A
All
right,
I
know
that
this
has
been
one
great
conversation
today,
really
appreciate
everybody's
attendant
we're
getting
close
to
time
with
the
gnr
call
we'll
be
starting
here
at
the
top
now
in
just
a
minute,
but
again
thank
you
for
joining
us.
I
know
we'll
have
more
discussion
about
this
very
soon
and
again,
eric
tj.
Thank
you
guys
for
joining
us
too,
to
bring
your
perspective
on
this.