►
From YouTube: Governance and Risk Call #221 - January 12, 2023
Description
Weekly community call for MakerDAO! The agenda and discussion links for this recording can be found here:
https://forum.makerdao.com/t/governance-and-risk-call-221-thursday-january-12th-2023-17-00-utc/19399
A
Hello,
everyone
and
welcome
this
is
the
221st
governance
risk
call
here
at
maker
now
my
name
is
Peyton
I
go
by
Pros
11
online
and
I
am
one
of
your
governance.
Facilitators
really
excited
to
be
hosting
today's
call.
This
is
our
kind
of
weekly
get
together
where
we
talk
about
all
things
related
to
protocol
governance
and
risk.
This
is
kind
of
our
community
call
for
lack
of
a
better
term.
So
I
really
appreciate
everyone.
That's
here
with
us
live.
A
You
might
also
be
watching
on
a
recording
so
welcome.
If
that
describes
you
as
well
before
we
get
into
things
just
a
few
ground
rules
to
go
over
as
I
mentioned,
this
has
been
recording.
So
let's
try
to
not
talk
over
one
another,
not
fun
in
person.
Definitely
not
fun,
for
a
recording,
so
it'll
make
a
much
better
atmosphere.
If
we
can
add
that
respect
a
few
different
ways,
we
can
go
about
facilitating
that
number
one.
A
If
you
can
and
you're
comfortable
turn
this
cameras
on
it's
always
easier
to
deal
with
visual
cues
and
get
to
see
some
of
the
wonderful
people
that
are
a
part
of
our
community.
We
also
have
the
nice
features
from
Zoom,
like
the
chat
as
well
as
reactions.
Those
are
great
for
expressing
yourself
during
the
call,
as
well
as
dropping
comments
and
questions
like
this
is
an
open
call.
We
really
do
encourage
you
participating
and
getting
your
Viewpoint
heard
so,
particularly
if
you'd
like
to
hop
on
the
mic.
A
One
helpful
thing
you
can
do
is
find
that
race
and
button
under
reactions
in
the
desktop
version
of
Zoom
anyway,
and
that
just
kind
of
signals
to
me
as
a
host
that
you'd
like
to
be
called
on
once
the
current
Speaker
finishes
up
their
thoughts
so
yeah
with
all
that
in
mind,
basically
just
drop,
something
in
chat
to
raise
a
hand,
do
something
to
let
me
know:
you've
got
something
to
say
and
I'm
more
than
happy
to
give
the
platform
over
to
you,
and
with
that
in
mind,
the
the
only
other
thing
is
to
try
to
remember
to
introduce
yourself
first
time
you
talk,
not
everyone
on
the
call
may
be
familiar
with
you.
A
Also
it's
nice
for
the
recording
and
anyone
else,
who's
taking
notes,
yeah
I!
Think,
that's
that's!
That's
it
just
be
nice
and
we'll
get
along
great,
so
we
do
have
a
bit
of
an
agenda
to
get
through,
as
usual,
we'll
be
talking
about
the
votes
and
what's
going
on
in
the
land
of
Baker
Improvement
proposals
we'll
be
hearing
a
little
bit
about
growth
and
how
they
did
it
in
2022,
and
then
today
we'll
be
discussing
sub-dials
and
ecosystem
actors
as
kind
of
the
continuation
on
our
in-game
series.
A
So
hopefully
it
should
be
a
fun
engaging
governance.
Call
for
you
guys.
We
really
do
I
appreciate
your
participation
and
it's
a
better
call
for
it.
So
we'll
hop
into
things
you'll
ask
some
questions
and
we'll
have
a
great
time.
A
All
right.
Also
kick
us
off.
With
going
over.
The
votes
was
a
pretty
busy
Monday
over
at
gavalpha
we
had
18
polls
posted
to
the
voting
portal.
We
had
three
of
those
conclude
and
you'll
be
hearing
about
the
other
15
during
the
mips
segment
so
of
the
weekly
polls
that
concluded
before
today's
call.
We
saw
the
poll
for
a
one-time,
mkr
distribution
for
CES
pass.
We
also
saw
the
Open
Market
Committee
proposal.
A
That's
the
parameter
proposals
group
with
their
kind
of
monthly
recommendations,
passing
the
only
thing
that
did
not
pass,
or
rather
in
this
case,
the
option
with
the
most
vote
was
do
not
burn
mkr,
and
that
was
for
that
trial
deployment
of
DSs
kill.
So
no
further
action
will
be
taken
there
on
the
other.
Two
you
can
expect
those
in
upcoming
executives.
A
Speaking
of
the
executive
fronts,
this
week's
Executives
has
already
passed
its
pending
execution,
took
care
of
same
budget
streams,
mkr,
investing
and
delegate
compensation.
We
are
not
planning
executive
for
next
Wednesday,
but
we'll
have
one
the
week
following
that
for
those
of
you
that
are
wondering
we
are
going
to
be
trying
to
to
be
more
of
a
bi-weekly
Cadence
for
executives
this
year.
A
Granted
circumstances
may
or
may
not
allow
that
to
happen
and
still
working
on
exactly
if
we
should
codify
that
plan
or
not,
but
generally
speaking
when
Patrick
and
I
are
coordinating
with
PE
and
some
of
the
other
groups.
That
is
what
we're
going
to
be
targeting
is
every
other
week
for
executives.
Just
so
you
know
going
forward
in
2023.
A
All
right,
that's
more
than
enough
blabbing
on
my
end,
so
I'm
going
to
hand
over
the
mic
to
one
of
our
MIP
editors
I
believe
we
have
Pablo
with
us
to
give
us
the
mips
rundown.
B
Indeed,
thank
you
Eden
and
hello.
Everyone
Paulo
here
from
Rainey
Cordova,
so
we
had
indeed
15
ratification
balls.
We
have
one
chain
on
Monday,
so
let's
take
a
quick
compressed,
look
at
the
boarding
landscape
right
now,
so
we
had
a
mi
92
to
more
UCC
from
the
PSM
to
yarn,
which
has
no
acids
fairly
leading
option.
B
We
have
six
amendments
and
removals.
We
have
a
superposal
to
remove
the
cumulative
250
000
die
limits
from
the
protocol
item.
For
me,
we
can
see
us
as
its
living
option
their
ratification
pole
for
the
subroposal
to
tearing
up,
recognize,
delegate
participation,
metrics
offers
options
to
approve
the
introduction
of
the
abstain,
modifier,
the
introduction
of
higher
participation
requirements
and
waiting
for
executives
and
the
option
to
approve
all
the
changes,
which
is
the
leading
option
at
the
moment
and
I'll
try
to
make
it
a
bit
quicker
this
up
to
two
minutes.
B
So
further
we
have
a
proposal
to
repeal
week
14
entirely
yes,
as
the
current
option,
a
sub
proposal
to
remove
two
mips
related
to
the
superseded
domain
framework,
also
passing
and
the
amendment
to
remove
the
December
calendar
exception,
which
is
being
rejected
at
the
moment
us
for
coordinated
framework.
So
proposals
next,
like
this.
B
B
B
Finally,
we
have
a
proposal
to
onboard
a
chain
link
as
The
Giver
Network
and
the
Declaration
of
intent
to
develop
and
launching
monitoring
solution
for
real
world
asset
Foods,
both
of
which
are
passing
now.
Let's
take
a
non-exhaustive
look
at
the
proposals
in
RFC,
we
have
no
less
than
eight
top
level.
Mips
mips
will
board
real
world
as
opposed
to
introduce
new
contracts
against
governance,
attacks
to
utilize.
B
C
C
A
We
really
appreciate
it
sorry
about
your
mouse
and
you
can
imagine
even
just
clicking
and
typing
out
all
those
mips
put
quite
a
bit
of
strain
on
it
definitely
going
to
be
busy
a
couple
of
months
here
in
in
the
government
cycle.
So
thank
you
for
putting
that
together
and
appreciate
the
update.
A
I
think
we're
going
to
carry
you
right
into
our
initiative
updates
as
a
reminder,
if
you
would
like
to
see
more
form
of
the
glance
type
style
content,
whether
that's
written,
live
posted
on
YouTube,
that
sort
of
thing-
and
let
us
know,
drop
us
a
comment
in
the
Discord
or
the
forums-
helps
us
decide
what
content
we
should
continue
and
carry
on
with
versus
what
we
change,
but
for
now
we're
just
gonna
keep
on
keeping
on
and
get
into.
Our
initiative
updates
here.
A
All
right
oops,
if
I,
could
single
click,
so
we
were
gonna
hear
from
growth
and
I
wasn't
sure.
Nadia
was
going
to
be
you
that
was
presenting
today.
A
Some
well
nutty's
getting
those
slides
together.
I
really
appreciate
people
coming
on
for
initiative,
updates
pretty
easy.
If
you
do
have
anything,
you
want
to
update
on
just
reach
out
to
myself
Patrick
we're
more
than
happy
to
to
get
you
on
the
docket
I
know
next
week
we're
going
to
be
hearing
from
the
Viridian
cluster
and
there's
a
few
other
groups
that
are
trying
to
schedule
some
slots
as
well.
A
A
How
could
you
do
that
as
well
shoot
it
over
and
I'll
share
mine.
A
Who's
hunting
slides
almost
like
magic.
Take
it
away.
D
Thank
you,
Peyton,
okay,
hello,
everyone,
so
in
here,
I
would
like
to
share
with
you
a
summary
of
the
post.
D
That's
in
the
Forum,
where
we
talk
about
everything
we
did
last
year,
not
just
like
growth
as
it
as
it
began
that
it
was
with
one
particular
mandate
around
the
ecosystem
and
increasing
partners
that
help
us
to
increase
the
iso
supply
and
demand,
but
also
like
we
did
a
lot
of
things
last
year
and
one
of
that
of
those
things
was
to
started
a
new
group
called
brand
to
also
like
help
maker
with
the
brand
Park
next
slide,
please
so
after
thinking,
whether
with
the
team
about
everything
we
did,
I
think
one
one
of
the
most
important
things
that
we,
we
can
recall
is
collaboration.
D
This
was
the
second
year
as
a
career
unit
and
second
year
as
a
Dao
without
the
foundation
and,
of
course
like
there
are
a
lot
of
things
to
improve,
and
and
that's
why
the
end
game
it's
it's
here,
but
but
I
also
wanted
to
show
Kelly's
how
we
collaborated
with
other
career
units,
and
thanks
to
that,
we
were
able
to
execute
different
initiatives.
D
So
again,
everything
is
more
in
detail
in
the
posts
in
the
Forum,
but
I
want
to
like
just
give
you
a
summary
of
what
we
did
so
with
a
strategic
finance
and
CES
thanks
to
their
onboarding
of
real
world
assets,
we
were
able
to
create
stories
about
it.
D
We
were
able
to
position
maker
as
the
bridge
between
D5
and
C5
and
appear
in
more
traditional
venues
like
Times
magazine
Bloomberg,
and
that
is
was
that
was
super
important
for
us,
because
makers
started
to
be
recognized
in
the
traditional
Finance
ecosystem,
which
was
like
a
major
win
for
us.
It
opened
a
lot
of
new
opportunities
to
to
make
her
also
with
a
strategic
Finance.
We
work
on
the
initiative.
D
We
call
the
PSM
Revenue
share
by
talking
with
a
different
entities
on
how
we
were
able
to
getting
part
of
the
deal
that
they
were
generating
with
the
usdc
usdp
and
USD.
Well,
you
have
seen
different
proposals
in
the
Forum
about
it,
also
with
risk
we
onboarded
new
crypto
collaterals,
another
derivative
of
stakeheat
and
also
gno
in
the
back
of
course,
oracles
Korean
Air,
because
everyone
boarding
or
every
onboarding
we
have
to
work
with
them.
D
Also
with
practical
engineering,
we
work
on
how
to
create
Integrations
to
the
products
that
they
had
at
lunch,
so
the
makers,
teleport
and
DSR.
We
have
been
collaborating
with
them
on
this
to
new
products
on
different
aspects
like
The
Branding
for
teleport
it
you
guys
remember,
it
was
once
called
The,
Wormhole
major
Wormhole,
now
maker
teleport,
and
we
work
on
all
the
branding,
the
visuals
and
right
now
we
are
supporting
a
grant.
D
So
more
prompt
and
smile
can
integrate
maker
teleport
and
we
can
have
like
the
teleport
functionality
just
in
one
place
for
DSR,
we
also
have
been
working
with
with
or
ecosystem
to
create,
a
better
better
version
of
the
dsr2
token.
D
We
also
work
with
Data
Insights
on
creating
campaigns
like
thanks
to
Data
Insights,
because
every
week
we
have
an
analysis
of
what's
happening
with
maker,
and
we
also
like,
thanks
to
the
data
that
they
provide.
We
created
a
campaign
called
maker
nature
where
people
data
opened
maker
board
was
also
the
owner
of
a
new
tree
in
the
world.
D
The
summary
of
The
Campaign
is
also
in
the
post
that
we
posted
last
on
December
and
well.
Also,
if
you
don't
remember
things
like
after,
we
asked
for
the
Twitter
account
on
LinkedIn
account,
the
maker
Twitter
on
LinkedIn
came
to
like,
and
we
have
been
collaborating,
not
just
with
gobalta,
but
with
the
extended
Dao
on
all
the
announcements
and
all
the
content
that
we
keep
posting
on
Twitter
and
keep
informed
our
community
and
people
that
are
external
to
maker
and
well.
D
We
also
like
data
a
lot
of
other
things
with
other
care
units
and
the
Dao
in
general
events,
swag
maker
dinners
during
the
year,
so
it
was.
It
was
like
a
a
very
interesting
year,
because,
thanks
to
this
collaboration,
we
were
able
to
launch
all
of
these
new
initiatives
for
maker.
Next
slide,
please,
like
I,
think
to
partners
because,
as
I
said,
one
of
the
main
objectives
of
growth
is
Partners
collaboration.
We
started
to
do
different
types
of
collapse
and
it
it
was
around
Dao
to
Dao
collaborations.
D
This
was
like
the
first
year
that
we
started
doing
things
like
this
I
suppose,
because
last
year
was
an
interesting
view
for
those,
and
we
saw
new
dolls,
evolving
on
new
communities
and
new
governance
models
coming
to
life.
So
the
difference
between
what
we
have
been
doing
in
a
one-to-one
one-to-one
way
as
I
called
it,
and
that
way
is
that
with
the
down
way.
D
Well,
it's
a
community
decision,
there's
High
transparency
and
everyone
can
participate
on
the
negotiation,
not
just
if
it's
not
to
scroll
like
anyone
in
the
community
can
can
help
us
soon
on
it.
An
example
of
this
is
what
we
did.
We
did
optimism
with
hope
and
gnosis
and
well
the
more
traditional
way
the
one-to-one
way
is
is
just
like.
The
difference
is
not
in
the
community
that
decides
what
to
do
is
more
like
a
team
decision,
transparency,
it's
medium,
sometimes
there's
no
transparency,
because
sometimes
we
have
to
sign
ndas
to
move
forward.
D
The
deals
samples
of
this
is
what
we
did
with
Finance
with
origin.
We
last
year
we
did
marketing
campaigns
with
them
to
accelerate
diet
option
in
these
platforms
like
we
chose
one,
one
of
the
biggest
D5
platforms,
a
sergeant
and
one
of
the
biggest
CPI
platforms
as
finance,
and
also
something
that
really
interesting-
that
we
did
last
year
was
the
integration
of
die
in
GMO
and
co-invest
to
Japanese
exchanges,
because
that
was
a
very,
very,
very
long
pending
that
we
had,
since
the
time
of
the
foundation
becomes
in
in
Japan.
D
There's
like
a
yeah
are
challenging
thing
about
listings
stable
coins
in
exchanges,
so
we
had
to
like
work
with
these
exchanges
to
present
a
case
and
have
die
approved
to
be
listed
in
in
Japanese
exchanges.
D
This
is
just
this.
Is
these
are
just
examples
you
might
see
other
Integrations
on
the
marketing
company
campaigns
that
we
did
during
the
year
in
this
summary
of
the
year,
but
also
like
of
every
month,
I
post,
a
summary
of
the
amount
of
the
month
where
I
always
explaining
the
Integrations
that
we
did
on
the
campaigns
that
we're
running
next
slide.
Please.
D
So,
regarding
Twitter
and
Linkedin
I
think
I
don't
have
to
explain
it
with
metrics,
because
we
all
see
it
every
day.
It
is
quite
remarkable,
The
Impressions
per
month,
and
also
the
engagement
I,
didn't
include
it
here,
because
more
details
again
are
in
the
Forum,
but
it
is.
It
is
interesting
how
it
grew
once
we
started
managing
the
Twitter
account
that
was
in
February
and
also
LinkedIn.
D
It
was
in
September,
so
you
can
see
like
a
difference
and
we
also
created
a
process
to
engage
other
parts
of
the
dial
on
the
content
that
we
post
on
Twitter
and
Linkedin.
If
you
don't
know
about
it,
it
is
also
on
in
the
Forum,
and
we
have
a
Discord
chat
where
you
can
like
tell
us
what
you
want
to
see
on
Twitter
and
we
can
post
that
announcement
for
you
next
slide.
Please-
and
this
is
one
of
the
things
that
I'm
more
excited
about.
D
We
started
working
on
the
maker
Dao
website
last
year.
I
expect
to
have
something
to
show
to
the
community
in
the
next
two
weeks,
but
what
we
are
doing
is
revamping
of
the
website.
Like
on
your
left.
You
can
see
build
website
very
die,
focused
where
the
makers
die
and
just
die
and
stable,
unbiased
currency,
and
that
is
that
is
it
and
we
wanted
like
to
show
that
maker
is
more
than
that,
so
we
are
presenting
maker
as
a
as
a
like
a
second
conjunction
of
various
things.
D
So
we
have
products,
we
identify
the
different
products
of
maker
typing
one
of
these
products,
but
we
also
have
maker
votes,
the
d3m,
the
PSN
maker,
teleport
real
world
assets,
the
BSR
and
I
hope
with
in
the
future
more
to
come.
Also,
we
wanted
to
like
showcase
the
health
of
the
system,
because
I
think
that
is
one
of
our
biggest
strengths
is
that
we
are
transparent
and
what
is
happening
on
the
health
of
maker
and
I
it's
on
chain.
D
So
we
wanted
to
have
it
on
the
website
that
is
not
currently
in
in
the
website.
We
also
want
to
have
a
space
for
the
maker
ecosystem
and
we
also
want
to
have
a
space
for
the
dial
on
what
is
about
and
why
maker
is
also
about.
And
yes,
these
are
mock-ups.
The
site
is
not
ready.
Yet
we
are
working
on
it
once
we
had
like
some
details
closed,
we
will
be
presenting
or
work
on
the
website
to
the
community
next
slide.
Please.
D
We
also
launched
the
transparency
dashboard.
This
is
an
effort
that
we
think
it
is.
It
is
important.
We
think
that
the
Forum
is
full
of
information,
so
it
is
important
to
have
one
place
where
delegates,
community
and
people
external
to
maker
can
understand
what
we
do
as
a
core
unit.
D
We
are
also
working
with
SCS
on
their
General
dashboard,
but
for
us,
financial
help
is
just
one
part
of
transparency,
so
in
this
dashboard
and
the
link
is
in
the
Forum
post,
it
is
an
ocean
page
where
you
can
find
Finance
dashboard,
Business
Development
dashboard.
That
includes
like
the
deals
that
we
have
been
closing
per
quarter,
the
tier
of
the
bill
on
the
region.
D
Also,
you
will
find
the
Twitter
dashboard,
with
the
metrics
of
Engagement
and
and
and
other
metrics,
that
we
follow
marketing
MPR
with
everything
regarding
to
campaigns
with
Partners,
but
also
every
time
that
maker
appears
in
the
news.
D
We
are
like
doing
a
follow-up
on
that
and
we
are
also
every
time
that
we
have
something
to
tell
to
a
ecosystem
to
the
community,
where
we
also
work
with
a
PR
agency
to
be
on
the
being
on
the
news
and
like
present
the
story,
the
way
we
want
to
present
it
so
I
invite
you
all.
If
you
haven't
to
check
the
transparent
dashboard
which,
like
it's
everything
like
that,
you
might
want
to
know
about
growth.
It
is
there
next
slide,
please,
oh
yeah,
so
that's
it
any
question.
A
Okay,
yeah
thanks
for
presenting
Nadia,
we
really
appreciate
it.
A
I
might
fire
one
off
I
guess
in
terms
of
kind
of
forward-looking
right
like
in
in-game,
we
we
ship
pretty
drastically
from
growth
being
the
responsibility
of
a
core
unit
to
kind
of
like
a
collective
management
challenge
under
the
scope
framework.
I'm
curious.
If
you
have
any
kind
of
lessons
from
the
past
several
years
of
doing
this,
that
you
think
there
are
going
to
be
particularly
important
as
we
we
look
to
reorganize
and
and
keep
maker
grooming.
D
Oh,
yes,
absolutely
actually
I
I
really
plan
to
give
a
lot
of
feedback
today,
growth
scope.
D
For
me,
it
is
quite
interesting
to
see
how
the
business
development
scene
is
changing,
and
now
it
is
more
open
to
this
deals,
and
that
is
why
I
wanted
to
Showcase
it
in
in
the
summary
of
the
year,
because
that
wasn't
an
option
in
the
past.
So
I
think
like
this
future
that
the
end
game
is
presenting
it
is.
It
is
very
promising
regarding
these
Dao
deals
that
it
is
possible.
D
We
can
just
like
go
to
a
forum
present
a
proposal
to
our
community
and
create
initiatives
doing
that,
of
course
there
there
will
always
be
the
part
that
you
have
to
deal
with
with
centralized
companies
like
there
will
always
be
binance
or
the
next
Finance
I
don't
know
like
around,
and-
and
it
is
also
important-
that
a
part
of
maker
is
have
presence
there.
So
it
is
important
for
stablecoin
to
be
listed
in
in
the
main,
in
the
main,
centralized
exchanges.
D
It
is
important
for
a
stable
coin
that
wants
to
be
a
Global
Currency
like
to
to
be
to
have
presence
in
more
localized
exchanges
in
different
countries,
so
so
yeah
like
that
is
one
of
the
parts
that
I'm
I'm
really
thinking
on
how
to
help
a
maker
core
with
the
growth
scope
to
to
deal
with,
because
I
think
the
doubt
to
doubt
it's
something
that
we
know
how
to
do
and
and
it
will
be
natural
for
these
decentralization
path
that
we
want
to
follow.
D
But
one
thing
that
I'm
thinking
now
is
how
we
can
continue
working
with
the
centralized
counterparties,
because
I
really
think
we
we
need
them
at
least
for
now.
A
E
Where's
your
priority
at
regarding
growth
of
style
and
maker.
Is
it
more
retail
or
are
you
like
going
more
after
these
kind
of
tower
partnership
and
maybe
institutional
interests.
D
Well,
it
is
not
retail
because
we
are
not
a
business
to
Consumer
solution.
That
is
why
we
need
Partners
I
mean
if
I
like
our
airport,
in
order
to
your
account
we
so
good
to
retails.
They
don't
have
a
place
to
buy
that
you
know,
because
we
don't
have
like
a
adapt.
We
just
have
a
like
a
website
that
doesn't
have
enough
information.
D
D
We
have
to
think
about
this
as
a
business
to
business
solution,
and
our
partners
are
the
ones
who
help
us
to
talk
with
retails,
and
that
is
why
we
we
have
like
we
put
a
lot
of
effort
on
all
of
these
marketing
campaigns
with
our
partners,
where
we
support
them
with
budget
and
the
message
and
the
structure
on
how
we
can
we
want
to
like
communicate
what
maker
and
I
is
to
retail
in
terms
of
efforts
like
well,
we
have
different
verticals.
D
We
constantly
are
looking
for
ways
to
increase,
die
liquidity
and
diet
presence,
not
just
in
mainnet
but
also
in
other
chains,
so
we
started
with
l2s.
So
for
us,
it's
very
important
to
maintain
dice
presence
in
optimism
and
arbitrary
manner
in
the
future
start
net,
but
also
we
we
also
are
very
proactive
working
with
polygon
and
binance,
because
there's
where
retail
is
so.
D
Although
there's
no
canonical
die
in
these
two
chains,
we
keep
supporting
them
because
we
think
it
is
important
to
have
these
Partnerships
or
like
just
because
retail
is
there,
but
we
also
have
been
doing
a
lot
of
things
with
institutions
like
the
PSM
Revenue
share,
actually
like
it
was
because
of
what
we
did
in
the
past
that
we
included
a
paxos
and
Gemini
in
inside.
D
The
PSM,
like
maybe
now,
is
a
bad
idea
According
to
some
people,
but
at
the
time
before
the
FTX
Saga,
it
looked
like
a
a
promising
solution
for
maker.
So
we
also
do
a
lot
of
things
with
institutions
like
at
some
point.
We
started
like
talking
also
with
institutions
about
the
idea
of
institutional
votes,
but
I
think
last
year
was
are
terrible
for
for
for
the
crypto
ecosystem
in
general.
So
a
lot
of
these
initiatives.
D
A
I
do
want
to
make
sure
we
have
enough
time
for
our
discussion
segment,
but
while
we
have
not
yet
here
any
last
questions
for
growth
and
kind
of
what
they
accomplished
in
2022.
D
By
the
way,
something
that
I
didn't
mention
here,
but
it
is
in
the
in
the
maker
post,
we
are
also
collaborating
with
with
everything
that's
happening
on
the
end
game
strategy
and
we
are
helping
on
how
to
transmit
the
message
to
the
masses
and
not
just
the
maker
Community.
D
We
are
thinking
in
a
simplified
way
to
explain
the
end
game
to
the
Press,
because
one
thing
that
we
are
following
with
our
PR
agency
is
that
every
time
that
any
any
media
Outlet
talks
about
endgame,
like
the
summary
of
of
that
is
people,
don't
understand
what
it
is
so
or
main
objective
for
this
year
is
to
change
that
perception,
and
we
want
people,
journalists,
the
media
in
general,
to
understand
what
it
is
about.
A
Well,
that's
about
as
perfect
of
a
segue
as
I
can
imagine
sorry,
I'm
gonna
take
an
idea
thanks
for
taking
the
time
to
present
today
and
yeah.
Let
me
switch
back
over
to
the
other
presentation
here
and
we'll
get
a
bit
more
into
our
kind
of
in-game
series
talking
about
the
basic
building
blocks
of
in-game,
what
they
are,
how
they
function
and
and
working
through
questions
to
kind
of
add
to
Nadia's
point
there.
I
I
really
do
feel
like
the
only
way
we
can
explain
that
too
to
other
people.
A
Well
right
is,
is
to
understand
it.
Well,
our
ourselves
first,
so
a
big
part
of
that
starts
with
us.
We
will
discuss
it
with
each
other
among
peers
and
we
hope
by
dedicating
a
few
moments
each
call
on
on
that
we're
able
to
not
only
help
each
other
learn
but
but
also
help
each
other
talk
about
it
in
game,
find
ways
that
people
seem
to
click
with
it
and
and
make
it
more
approachable,
so
you'll
have
to.
A
Let
us
know
how
we
do
with
that
today
and
yeah
feedback
welcome
and
encouraged.
A
But
as
I
said
today,
we
are
going
to
be
continuing
on
in
our
series
and
talking
about
sub
Davos
and
ecosystem
actors,
I'm
trying
not
to
steal
too
much
of
Retro's
Thunder
here,
but
these
are
really
the
workforce
building
blocks
of
of
in-game
right,
the
people
that
are
actually
doing
the
labor
of
of
the
different
systems
and
and
things
we
want
to
put
in
place
as
a
reminder
before
we
get
too
far.
This
is
like
part
two
we're
talking
about
subdials
and
ecosystem
actors.
A
We
will
be
taking
a
little
bit
of
a
break
before
we
get
into
Game
Theory,
so
we
can
go
over
some
of
the
finer
points
so
like
next
week,
you're
going
to
be
hearing
about
budgeting
and
a
few
other
fun
mips
and
RFC
that
relate
to
end
game
but
yeah.
This
is
kind
of
our
general
curriculum,
which
is,
let's
go
over
the
building
blocks
of
in-game
talk
about
the
game
theory
and
then
talk
about
building
it.
A
So
with
about
as
long-winded
introduction
as
I
could
possibly
do
retro.
You
feel
good
to
start
talking
to
us
about
sub-dials
and
ecosystem
actors.
F
Definitely
don't
tell
yourself
short,
though
I'm
sure
you
could
go
on
a
little
bit
longer,
but
I'm
retro,
the
interim
facilitator
for
CES,
as
well
as
the
ecosystem
scope
contributor.
F
If
this
is
better
for
Raphael,
let
me
know,
but
today
we're
like
Peyton
introduced
we're
going
to
be
talking
about
the
decentralized
workforce
of
the
Dow.
Last
week
we
talked
about
Concepts
and
components
that
were
closer
to
the
core,
which
dictated
the
overall
rules
of
how
the
workforce
should
operate
and
some
of
the
goals
that
are
being
set
for
the
the
larger
Central
maker
down
core
and
today,
we'll
start
moving
out
to
the
the
fringes
of
the
ecosystem
by
talking
about
the
workforce.
F
F
The
overall
concept
of
moving
the
workforce
farther
away
from
the
core
is
that
it
can
both
increase
the
agility
and
swiftness
of
these
teams
to
perform
work,
but
due
to
the
structure
of
the
tokenomics
that
we'll
cover
in
the
the
next
section
of
the
the
game.
Theory,
this
concept
of
again
moving
the
workforce
further
away,
really
serves
as
an
insurance
policy
or
or
concept
for
the
core.
Due
to
the
fact
that
the
the
tiny
the
finances
of
the
Dow
are
are
more
closely
related
and
better
defined.
F
But
additionally,
these
are
teams
that,
or
specifically
sub-dials
that,
what's
the
word
I'm
looking
for
it,
it's
more
of
like
a
retainer
type
relationship
where
the
workforce
is
readily
available.
F
The
capacity
to
take
on
the
work
and
make
sure
that
it's
supported
through
any
turbulent
situations,
don't
impact
the
delivery
of
the
Scopes
and
the
again
ability
for
these
teams
to
operate
independently
is
better
defined,
allowing
sub-dials
then
to
not
only
perform
work
for
maker
core,
but
also
perform
work
for
other
entities,
other
distance,
wise
projects
or
potentially
even
centralized
businesses
that
are
at
least
mature
enough
to
work
with
a
Dao.
F
This
then
moving
over
to
The
Graphic.
To
start
to
detail,
some
of
the
sub-components
of
a
sub-dial
would
be
starting
at
the
top
left.
The
subdo
token
is
the
driver
of
governance
and
a
way
to
equate
the
valuation
of
the
subdial
The
subdo
Elixir
is
then
the
part
that
speaks
to
part
of
the
insurance
policy,
as
well
as
the
incentive
mechanism
for
the
subdow
to
be
readily
available
to
deliver
work
for
the
core
based
on
Frameworks.
F
The
subdial
community
is
both
the
same
function
as
the
makerdout
community.
You
have
your
general
participants
that
are
supporting
the
Dow
through
Forum
posts,
as
well
as
going
out
into
other
communities,
and
you
know
properly
representing
the
subdo,
but
additionally,
it's
also
the
subdial
token
holders.
The
workforce
more
encompassing
of
the
people
that
make
up
the
Dow
on
the
bottom
right
subdivs
will
be
driven
through
snapshot
votes.
F
This
is
a
lighter
weight
mechanism
compared
to
maker
course
governance
system
and
can
feed
into
impacting
and
operating
with
maker
core
through
the
Omnibus
concept.
Again,
we'll
cover
that
in
the
next
session
in
more
detail,
but
the
lower
left
hand
corner
then
component
talks
that
represents
the
subdial
finances,
which
are
both
again
related
to
many
different
aspects.
So
you
can
start
to
see
how
the
the
the
the
game
theory
Foundation
is
laid
by
defining
these
components,
both
separate
and
somewhat
relationally,
and
then,
finally,
you
have
the
onboarded
teams
today,
they're
called
clusters.
F
They
are
the
the
workforce
of
the
sub
Dow.
Then
that's
formally
onboarded
and
again
retained
to
deliver
work
in
the
middle.
This
is
all
being
driven
by
a
class
of
another
subdo.
F
So,
moving
back
over
to
the
left
hand
bullet
list
at
the
bottom
there
it
says
that
there
are
three
classes:
two
sub-dos
protector,
Dows,
Creator,
Dows
and
facilitator
Dows.
The
structure
represented
on
the
right
represents
all
sub-dos,
but
the
Nuance
for
protector,
dials
and
Creator
Dallas
is
that
since
they're
Dows
in
their
own
right,
they
do
need
support,
running
and
maintaining
the
operations
of
the
Dao.
F
F
However,
that's
been
simplified
for
the
purpose
of
making
sure
that
a
sub-dial
Workforce
is
hyper,
focused
on
delivering
the
work
and
not
caught
up
with
more
of
the
rules
and
regulations
that
dictate
how
sub-dos
should
operate
and
a
better
fit
team
for
that
Duty
than
would
be
a
facilitator.
Now
again,
I
think
it's
important
to
note
here
that
a
facilitator
jobs
were
previously
labeled
as
Governor
daus.
This
is
an
evolving
concept.
F
That's
only
a
couple
weeks
old
and
more
formal
materials
should
be
posted
in
the
Forum
shortly
to
further
elaborate,
but
for
everybody's
reference
point.
If
you're
reading
older
material
that
says
governor
governor
Dao
or
admin
team,
the
facilitator
Dow
then,
would
assume
those
duties.
F
So
moving
on
to
the
next
slide
to
talk
about
ecosystem
actors,
a
little
bit
I'm
sorry
just
to
highlight
that
forgot
that
this
was
in
there
to
further
elaborate
on
how
the
different
classes
create
the
opportunity
for
the
game
theory
to
operate
protector.
Dows
are
best
reference
point
here
are
engaging
with
real
world
assets.
F
Creator
does
then
engage
with
decentralized
collateral
and
facilitator
that
was
again
engage
around
the
governance
and
DOW
operations
both
for
core
and
subdos
The
Protector
dowels
would
have
tighter
restrictions
and
more
layers
to
that
insurance
policy
concept
by
being
allowed
to
take
on
certain
levels
of
risk
as
Associated
to
real
world
assets,
but
making
sure
that
in
the
situations
are
balanced,
then
with
the
subdials
finances
to
absorb
losses
or
or
other
penalties
or
situations
that
may
occur
as
it's
defined,
both
in
the
framework
and
the
end
game
Constitution.
F
The
e
thing
to
call
out
here
too,
for
protectors,
is
that
they
have
a
clause
where
they're
the
only
subdial,
that's
able
to
work
with
a
Rangers
directly
to
facilitate
the
the
work
related
to
real
world
assets.
Then
Creator
does,
in
contrast
to
protectors.
Dials
then
have
fewer
restrictions,
and
it
may
be
more
appropriate
to
expand
on
that
class
of
work
that
they
perform.
F
The
decentralized
collateral
isn't
necessarily
the
only
thing
that
they
work
on
they're
also
performing
some
elements
of
the
growth
scope
potentially
to
going
out
into
the
ecosystem,
and
it's
not
even
just
mentioned
they
could
both
perform
work
against
the
growth
framework
for
both
Business
Development
and
then
potentially
user-focused
Growth
work
as
well
to
allow
them
to
deliver
on
those
Frameworks.
The
Creator
Dows
have
fewer
restrictions
as
compared
to
the
protector
Dows
and
again
The
Wider
scope.
F
An
important
thing
to
note,
then,
for
facilitator
Dows,
is
that
there
are
two
distinctions,
then
to
kind
of
absorb
the
initial
definition
of
admin
teams
and
contributor
teams.
The
concept
of
an
admin
team
then
would
be
applied
to
an
Eco
system,
facilitator,
Dao
and
then
the
duties
related
to
managing
the
dvc's,
Scopes
and
Frameworks
kind
of
forming
a
layer
in
between
another
layer
in
between
the
decentralized
workforce
and
the
core
would
be
the
core
facilitator.
F
Dows
that
are
mainly
focused
on
driving
those
processes,
as
well
as
their
own
internal
Dow
operations,
and
then
the
ecosystem
facilitator
daus
would
be
hyper
focused
on
supporting
the
sub-dow
operations
in
ensuring
that
the
scope
Frameworks
that
potentially
impact
interface
and
some
other
supporting
functions
are
met.
F
Facilitator
Dallas
could
probably
have
their
own
section
and
I
I.
Think
we'll
do
that
as
we
start
to
move
into
say,
like
the
200
level
course.
If
you
view
these
first
three
segments
as
a
100
level
course,
Raph
I
do
see
your
hand
there.
D
E
F
That
that
that's
a
great
question,
the
again
concept
of
a
facilitator
that
was
evolving
and
the
I
to
call
it
a
specific
section
in
endgame
B3.
If
you
look
at
the
autonomous
incubator
for
sub-dials,
it
did
provide
some
logic
about
the
balance
of
the
ratio
between
the
three
different
classes
of
sub-dos.
To
specifically
answer
your
question,
a
single
ecosystem,
facilitator
Dow,
would
be
able
to
support
multiple
sub-dos.
F
The
specific
logic
about
how
that
should
be
balanced
and
implemented
is
still
being
experimented
with
or
developed,
and
there
needs
to
be
some
redundancy
then,
because
again,
the
whole
point
of
the
end
game
plan
is
to
make
sure
that
there's
resiliency
around
every
aspect
of
the
Dao
and
the
resiliency
is
only
created.
If
there's
the
opportunity
to
allow
a
sub-dow
to
replace
their
facilitator
Dao
if
they're
underperforming.
G
Yeah
I
want
to
add
that
the
facilitator-
and
maybe
the
name
is
not
the
best
and
we've
been
using
the
world
facilitator
a
lot,
so
potentially
sub-dials
could
have
their
own
facilitators
for
that
subdel.
So
it's
not
that
the
facilitator
subdial
provides
the
the
people
to
manage
the
subtitles
it's
more
to
facilitate
the
whole
interaction
between
the
the
multiple
yeah
exam
actors:
Scopes
Frameworks,
other
subtitles
Etc.
So
that's
that's
something.
That's
worth
clarifying
I
I
believe.
A
But
it
was
kind
of
coming
around
to
this
most
recent
update
because
now
we're
starting
to
get
to
the
point
where
the
different
classes
like
are
actually
labeled
towards
their
primary
focus.
Right
like
your
protector
Dallas,
who
exist
to
protect
our
reward
asset
collateral
and
agreements,
we
have
Creator
Dows
who
their
job
is
to
create
new
decentralized
revenue
streams,
and
you
have
facilitated
houses.
Job
is
to
facilitate
decentralized
governance
and
the
key
to
kind
of
each
of
those
being
that,
like,
yes,
they're
involved.
A
Yes,
we're
going
to
talk
about
the
complexities
of
where
they
interact
with
other
points
in
the
system,
but
we're
kind
of
honing
in
on
that
idea
that,
like
each
entity,
has
this
individual
purpose
that
helps
fulfill
a
wider
ecosystem
role.
A
So
when
we're
talking
about
these
classes
and
yes,
they
have
different
names
and
it
can
be
a
little
confusing.
But
just
as
like
a
word
advice
for
for
how
you
approach
it
and
think
about
these
is
just
try
to
think
about
like
okay
like
who,
who
is
a
good
fit
for
this,
like
what
type
of
person
or
entity
or
or
a
business
interest,
should
be
pursuing
this
type
of
thing
yeah.
A
So
for
facilitators,
you're
thinking
of
like
governance
as
a
service,
you're
thinking
about
arbitration
models
like
Lex-
and
you
know,
there's
there's
a
bunch
of
cool
ones
out
there,
but
yeah
so
I
know
it
can
be
difficult
with
with
the
names.
But
you
try
to
look
best
like
what
something
is
tiled
and
think
about
its
actual
function
within
the
system.
I
think
that
that
goes
a
long
way
to
kind
of
entrenching
the
the
learning
of
of
what
it
does.
Rather
than
focusing
on
on
what
we're
calling
it
today.
A
F
Definitely
not
interruptions
I
appreciate
the
help
trying
to
clarify
and
keep
the
vocabulary
straight.
I
think
I'm
going
for
the
record
on
the
word
Dao
set
on
a
GNR
today.
So
let's
keep
it
going.
If
you
could
go
to
the
next
slide,
then
we
just
spent
a
lot
of
time
talking
about
sub
Dows
to
ensure
that
resiliency
and
flexibility
of
the
decentralized
workforce,
the
concept
of
an
ecosystem
actor
is
also
defined
in
endgame
and
a
very
simple
way
to
think
about.
F
This
is
when
we
talk
about
a
sub-dialed
there's,
a
team
performing
work,
that's
internal
to
that
sub-dao
and
then
a
large
governance
infrastructure
system
that
manages
how
that
subdial
works
with
the
core
and
directed
on
the
work.
The
ecosystem
actor
concept
can
be
related
to
the
team
delivering
the
work
within
the
subdial
without
all
the
infrastructure,
to
say
that
with
less
words,
they're,
just
an
independent
organization
or
a
vendor
that
does
work
on
behalf
of
a
subdial.
They
have
total
autonomy
and
our
independent
organizations.
F
So
these
teams
would
have
wouldn't
have
the
same
retainer
type
relationship
to
maker
core,
but
they
are
still
required
to
have
the
same
level
of
experience
or
expertise
required
to
deliver
the
work
to
the
course.
So
ecosystem
actors
need
to
be
knowledgeable
about
maker
to
centralize
finance
web
3,
but
that's
the
maker
isn't
specifically
their
primary
focus
their
underneath.
The
end
game
plan
is
only
for
delivering
work
and
their
work
is
delivered
through
scoped,
which
probably
isn't
the
best
word
through
well-defined
engagements
with
sub-dials.
F
This
could
be
done
through
like
an
SLA
some
sort
of
RFP
process
and
is
really
up
to
the
subdial
to
dictate
how
they
want
to
engage
with
this
external
ecosystem,
actor
and
I.
Think
it's
important
to
highlight
here
as
well
that
there's
an
evolution
path
then
for
ecosystem
actors
that
want
or
to
pursue,
that
more
retainer
based
or
hyper
focused
relationship
to
the
core
by
being
onboarded
by
a
sub-dao.
F
F
Maybe
some
of
their
autonomy
would
be
limited
depending
on
how
a
sub
Dow
wants
to
find
the
rules
of
how
a
team
is
managed
and
again,
that's
I,
think
part
of
the
the
fun
organic
nature
of
endgame,
where
we
could
see
more
Innovation
and
experimentation
in
the
the
the
perimeter
of
the
ecosystem,
and
then
those
can
continue
to
trickle
back
in.
So
then,
if
there
is
a
best
practice,
that's
discovered
for
how
the
sub
Dow
is
running.
F
The
core
could
potentially
update
that
as
long
as
it
doesn't
break
the
End,
Game,
Constitution
and
other
Concepts
I'm.
Sorry,
it
would
be
implemented
into
the
the
ecosystem
framework,
then,
as
long
as
compliant
with
the
Constitution.
F
F
The
three
different
sub-dials
are
colored
on
the
left
hand,
side
and
the
Scopes
from
last
week
are
then
somewhat
color
coded
related
to
who's,
primarily
delivering
against
those
Frameworks.
So
I
think
the
easiest
example
then
would
be
protector.
Dows.
Their
primary
focus
is
onboarding
real
world
asset
collaterals,
as
defined
by
the
framework,
that's
not
to
say
that
they
don't
need
to
appreciate,
understand
and
follow
other
Frameworks
again
going
back
to
the
slides
from
last
week,
showing
the
arrows
about
how
tertiary
and
secondary
Scopes
impact
primary
scope
delivery.
F
F
F
Dows
are
again
focus
on
the
facilitation
of
Dow
management
and
DOW
operations,
so
they
would
play
a
more
foundational
role,
primarily
in
the
ecosystem
and
arbitration
scope,
but
then
also
need
to
provide
management
or
or
or
support
for
the
subdials,
acting
as
an
ecosystem,
facilitator
Dao
for
the
interface
and
the
infrastructure
for
those
sub-dos
and
then
again,
everything
in
white
is
I,
think
applicable
to
everyone
and
then
focusing
on
the
arrows.
F
Then,
in
the
middle
we
have
operational
data,
which
is
a
a
a
two-way
relationship
between
the
workforce
and
the
core.
On
the
top.
F
The
subdials
are
primarily
delivering
performance,
operational
data
to
the
Scopes,
both
accomplishing
the
goals
that
are
defined,
how
the
work
is
being
delivered
and
then
extracting
insights
for
improvement
of
the
framework
or
the
rules
for
the
concepts
we
talked
about
last
week
to
integrate
that
to
make
sustainable,
continuous
improvements
to
operational
maturity
and
then
on
the
bottom,
the
rules
or
the
Rules
of
Engagement
or
dictating
how
work
must
be
delivered
or
what
is
being
delivered
are
handed
down
to
the
subdos
through
those
Frameworks.
F
And
it's
this
recursive
feedback
loop
once
you
start
layering
on
more
of
the
components
of
endgame,
but
this
concludes
a
class
for
today
happy
to
take
any
questions
that
the
community
may
have
and
really
looking
to
drive
home.
The
points
made
in
the
first
two
presentations
and
the
next
one
in
the
near
future.
Here.
A
Right
on
I
know
one
question:
we've
got
like
at
several
points
and
hopefully
can
give
a
much
more
clear
answer
now.
It's
like
what
is
this
distinction
between
ecosystem
actor
and
and
sub-dial
like
if
you're,
a
person
who
who
wants
to
come
up
with
a
company
like
how
do
you
decide
where
you?
Where
do
you
fit
in.
F
One
May
clarify
my
answer
a
little
bit
here,
but
I
would
look
at
it
from
the
point
of
view
of
I'm.
An
independent
business
do
I
want
to
focus
on
the
maker
project
as
my
primary
customer
going
to
the
Pareto
Principle
of
like
an
80
20
rule
or
do
I
want
to
be
more
flexible
and
and
take
any
opportunities
that
really
come
up.
F
That's
best
for
my
business,
so
to
clarify
the
question
again
like
what's
the
distinction
between
ecosystem
actor
or
a
subdial,
or
what's
the
motivating
factor
behind
of
it.
If
a
team
is
more
passionate,
focused
or
in
a
better
position
to
have
their
primary
revenue
stream
and
and
team
and
work
capacity
focused
on
the
maker
protocol,
that
would
be
more
appropriate
of
a
sub
Dow
team.
F
If
the
ecosystem
actor
then
wants
to
make
sure
that
they're
more
inward,
looking
what's
best
for
my
business,
if
I
want
to
be
able
to
fire
a
client,
not
you
know
necessarily
worry
about
that
I
guess
strategically
in
the
long
term,
as
the
organization
operates,
that
would
be
a
better
fit
for
an
ecosystem
actor.
Then.
G
Yeah
the
way
I
see
it
and
I
might
be
wrong.
So
this
my
totally
personal
view,
but
the
the
idea
or
the
the
magic
or
or
superpower
of
a
subdial
is
all
the
tokenomics
that
are
embedded
with
it.
G
So
I
think
these
start
to
make
sense.
When
you
look
at
a
self-doubt,
you
have
the
possibility
to
use
the
line
of
credit
from
maker,
so,
for
example,
the
easiest
example
is
a
protector
sub-dial
where
they
can
means
die
if
they
collateralize
it
and
and
then
yeah.
With
that
in
mind,
they
can
use
this.
This
line
of
credit
to
yeah,
to
to
capture
some
of
the
of
the
interests
or
or
whatever
happens
in
the
in
the
value
chain.
An
ecosystem
actor
would
not
have
access
to
this
line
of
credits.
G
F
Mr
three
of
good
meta.
H
Yeah,
my
bad
sorry
for
that,
going
back
to
the
first
slide,
where
you
have
sub-dials
you
talk
about
elixir.
H
Is
that
something
that
you're
gonna
I
would
imagine
you're
gonna
talk
about
it
later
on
in
another
DNR
call
when
it
comes
to
yeah
the
sub
dial
Alex
here.
Is
that
something
that's
still
in
the
table
where
every
sub-dial
competes
to
have
entities
or
individuals
form
the
Elixir
token,
and
how
that
benefits?
The
subdives?
That's
still
something
in
the
works
or
that
has
been
taken
out.
G
Yeah
no
I
was
going
to
say
the
I
think
that
for
for
midterm
makes
Frank
even
just
covering
the
surface.
It's
it's
probably
a
full
GNR
or
a
separate
meeting
that
we
should
do
because
it's
it's
relatively
complex.
There
are
a
lot
of
things
that
are
still
being
worked
on,
so
yeah
a
lot
of
tinkering
a
lot
of
changing
parameters.
So
the
the
short
answer
is
that
there's
no
good
answer
yet
but
yeah
with
that
in
mind:
I,
don't
know
if
it's
it's
a
competition,
it's
more!
G
If
the
subtle
generates
some
value,
let's
say
they
create
like
a
really
good
Landing
business
and
they're
capturing
a
lot
of
value.
Then
the
tokens
should
appreciate,
and
that
should
also
benefit
maker
as
well.
That's
that's
the
idea.
The
the
one-liner
then
how
that's
achieved
I
think
it's
it's
going
to
take
some
time
to
get
the
the
first
version
going
on
and
then
we
might
have
to
improve
a
lot.
G
If
we
see
that
there's
some
tokena
makes
a
yeah
I,
don't
know
if
mistake
is
the
right
word,
but
if
you
see
that
the
the
tokenomics
are
not
doing
the
function
that
that
they
were
intended
to
do,
we
might
have
to
Tinker
with
that
as
well.
So
yeah
I
I,
don't
have
a
good
short
answer.
Sorry
about
that.
H
I,
don't
know
no
worries
and
just
going
back
to
ecosystem
actors.
Would
there
be
a
rule
in
the
Constitution
that
doesn't
allow
an
ecosystem
actor?
That's
not
part
of
the
ecosystem
to
participate
because
I'm
thinking,
if
there's
a
some
kind
of
RFP
right
where
a
sub-dial
needs
a
special
kind
of
service
and
is
calling
for
ecosystem
actors
to
provide
that
in
out
of
nowhere.
Somebody
comes
in
from
you
know,
from
another
sector
and
bids
on
providing
that
service
to
the
sub
Dow.
H
It
would
there
be
something
in
the
Constitution
that
doesn't
allow
that
or
that's
just
not
defined
yet
so
I
guess
what
I'm
saying
is
Well.
Somebody
from
you
know
some
other
region
just
come
out
of
nowhere
and
they'll
be
able
to
become
an
ecosystem
actor
if
they've
run
into
an
RFP.
That's
that's
necessary
to
be
fulfilled
for
a
sub-dial
to
function
properly.
G
I
think
we
want
to
create
the
rules
almost
permissionlessly
by
ethers,
and
what
I
mean
is
that,
ideally,
when
you
create
an
RFP,
you
want
to
get
the
best
yeah,
the
best
service
or
the
best
product
for
the
cheapest
possible
price.
I
guess
so
you
maximize
the
value.
So
with
that
in
mind,
I
don't
think
we
will
try
to
put
restrictions
on.
Oh
this
guy
is
from
the
inside.
That
said,
there
are
a
lot
of
things
to
consider
like
okay,
I,
don't
know,
for
example,
pretty
much.
G
We
really
trust
him
because
he's
been
working
with
maker
for
a
while,
and
he
knows
the
whole
ecosystem
inside
out.
So
even
if
he's
more
expensive
than
I
don't
know
if
the
difference
is
not
that
big,
with
the
with
someone
that's
marginally
cheaper
whoever's
answering
to
that,
RFP
might
still
want
to
to
choose
the
the
more
expensive
one
just
based
on
that
trust.
G
Ideally,
and
hopefully,
we
managed
to
to
put
that
explicitly,
meaning
that
yeah
trust
Factor
will
have
I,
don't
know
a
weight
or
something
we
still
need
to
define
the
framework
for
answering
to
the
rfps
and
and
handling
it
and
doing
the
the
tenders.
But
once
that's
that's
achieved.
Hopefully
it's
transparent
and
open
for
everyone,
so
that
we
can
get
the
very
best
providing
value
for
for
maker.
E
Yeah
I
think
that
there
needs
to
be
a
little
flexibility
here
because,
depending
on
the
task,
selecting
for
Price
might
be
ideal
or
actually
not
at
all,
so
from
the
I
submitted
a
couple
of
of
tenders
to
to
various
contracts
and
I
think
sometimes
it's
it's
really
just
about
the
price,
and
that
makes
perfect
sense
because
all
the
offerings
are
really
comparable
on
this.
E
One
thing,
for
instance
like
if
you
buy
I,
don't
know
10
000
screws
and
you
have
like
a
a
bill
of
materials
and
something
that
the
people
have
to
fulfill.
Then
it's
just.
D
E
F
Yeah
definitely,
and
to
borrow
from
an
example,
observed
in
the
dab
today.
If
we
look
at
front-end
development,
d-spot
is
a
service
provider
that
several
core
units
utilize
for
developing
the
web
platforms
to
use
today
the
opportunity
to
bring
in
a
new
front-end
developer
isn't
really
extracted
then,
and
the
yeah
it's
just
it.
Does
the
team?
That's
onboarding,
a
new
ecosystem
actor
trust
that
they
are
knowledgeable
about
what
they're
working
on.
A
And
I
was
just
gonna,
add
and
drink
I
think
a
lot
of
times
at
least.
What's
helped
me
with
I,
don't
know,
maybe
it's
just
my
feeling
of
understanding
I'd
like
to
think
it's.
My
actual
understanding
of
the
game
as
well,
but
also
just
in
terms
of
how
confident
I
feel
about
understanding
is
I
like
to
zoom
out
right
so
like
in
the
ecosystem.
Actor
example.
A
When
we
think
about
maker
core,
it's
like
maker
core
doesn't
really
care.
Actually,
who
does
the
work
right?
They
care
that
the
work
has
done
to
a
standard.
So,
even
though
we
don't
have
exactly
how
it's
going
to
be
determined
now,
the
idea
behind
it
will
be
making
sure
that
work
that
gets
submitted
is
up
to
a
certain
quality,
rather
than
focusing
necessarily
on
the
identity
of
who
it
comes
from
and
kind
of,
like.
A
Likewise
on
on
your
previous
question,
like
we,
we
may
not
have
the
the
details
on
on
the
facilitator
down
on
the
interactions
there,
but
again,
just
like
you've,
like
zooming
out
on
on
what
the
interactions
are
supposed
to
be
like
what
function
you
know
is.
Is
X
group
supposed
to
have
I
think
kind
of
helps
answer
a
lot
of
the
questions,
because
we
may
not
know
exactly
what
the
rules
will
be
here
or
what
the
incentive
is.
A
But
we
know
you
know
we
need
to
keep
bringing
in
more
collateral.
We
know
we're
going
to
need
to
be
doing
X,
Y
and
Z,
so
we
can
kind
of
extrapolate
that
and
assume
okay.
So
from
a
protocol
perspective,
at
least
in
terms
of
our
system
design,
we
need
to
keep
X
being
easy
and
X
being
hard
yeah.
A
That's
at
least
just
how
I
approach
it
is
trying
to
zoom
out
when
I,
don't
understand
something
and
think
all
right
from
a
system
design
point
of
view
like
what
function
does
this
unit
need
to
play
and
then
okay,
I
may
not
have
the
exact
answer.
I
may
not
understand
exactly
the
the
nitty-gritty
of
how
that
gets
done,
but
I
can
at
least
get
a
function
of
of
why
that
gear
is
is
put
into
the
system.
C
F
It's
a
really
good
discussion,
though,
and
based
on
the
questions,
the
feedback,
hopefully
some
more
clarity
of
the
components-
are
achieved.
A
Yeah,
we
don't
have
a
ton
of
time
left.
So
that's
a
good
shout
there
happy
to
continue.
This
discussion
also
happy
to
hear
like
just
feedback
or
questions
or
or
general
areas
you
feel
like.
We
should
take
the
time
to
explore.
Right,
like
we
obviously
are
gonna
need
to
be
going
into
deeper
detail
on
things
and
plan
to
do
so,
but
it's
also
just
important
to
kind
of
get
everyone
on
the
same
page.
A
So
are
there
larger
areas
of
in-game
or
kind
of
bigger,
addressable
areas
that
we
should
be
working
into
our
curriculum?
How
are
people
feeling
so
far
like
is?
Is
this
useful
attempt
to
to
use
our
community
call
right?
Is
this
something
we
want
to
keep
doing
going
forward,
be
helpful
if
you
have
thoughts.
H
Yeah
sorry
for
not
raising
my
hand,
but
one
more
question
there:
retro
and
Juan
the
sub-dial
financing.
H
Can
you
kind
of
walk
us
through
that
on?
You
know
on
the
subdial
slide
you
so
because
I
think
it's
important
right
so
does
that
automatically
qualify
a
cluster
to
get
sub-dial
financing?
That's,
in
other
words,
there's
a
proposal
for
cluster
right,
ABC
cluster,
and
you
show
in
that
diagram
that
there's
a
finances
for
sub-dials.
H
So
is
there
a
rule
of
thumb
on
whether
a
cluster
should
get
financing
some
kind
of
kind
of
trying
to
get
clarification
there
right
there
you
have
subdial
finances.
Is
that
when
a
cluster
becomes
a
sub
dowel
is
prior
to
the
cluster
being
approved
by
mkr
token
owners
as
a
subdial.
G
Right
so
yeah
something
to
to
consider-
and
this
this
is
changing
again,
so
take
it
with
a
grain
of
salt,
especially
if
you're
watching
this
later.
But
one
of
the
the
things
that
we
are,
although
we
were
talking
about,
is
that
the
subdial
would
spin
up
kind
of
without
any
commitment
to
a
cluster
and
then
you'll
be
responsibility
of
the
subdial
to
onboard
the
cluster
I
I
can't
remember
where
this
is
from,
but
I
remember,
adding
like
a
financial
incentive
to
do
this.
G
So
if
you
manage
to
successfully
onboard
the
cluster,
we
can
unlock
these
tokens
for
the
users
or
the
or
the
token
holders
of
that
subtle.
If
the
I
don't
know
if
it
becomes
profitable,
there
could
be
these
other
analog
and
you
can.
You
can
get
as
creative
as
you
want,
but
it's
it's
not
like
anyone
can
say:
hey
I'm,
a
cluster
and
then
take
it
from
there.
It's
more
like
okay,
who's,
the
starter
is
spun
up
and
then
that's
that's.
G
How
that
has
the
our
responsibility
is
the
right
word,
but
they
have
the
incentive
to
find
the
cluster
to
produce
the
work
that
they
want
to
get
done
so
yeah.
The
the
meme
was
that
the
stuff
that
I
was
kind
of
in
charge
of
the
of
the
community
and
the
charity
and
and
doing
the
what
it's
like
the
the
fun
stuff
within
the
the
crypto
sphere
is
like
hey,
look
at
our
logo.
Look
at
our
I.
G
Don't
know
pets,
look
at
our
whatever
and
then
the
cluster
is
doing
the
actual
work
that
produces
the
the
yeah.
The
I
don't
say
value
because
there
is
also
value
in
the
in
the
community
side.
But
it's
the
let's
say
the
hard
work
versus
the
the
memes
and
the
and
the
community.
So
that's
that's
a
bit
the
the
idea.
F
Yeah,
just
to
clarify
what
sub-dial
finances
meant
in
this
overall
Graphics
is
that
subdials
will
have
their
own
finances
separate
from
the
protocol,
so
in
their
own
right
again:
server,
plus
buffer
definitions
about
how
to
fund
teams
things
like
that.
The
specific
financing
that
you
were
asking
about
in
that
one
articulated
wasn't
specifically
meant
for
this,
because
it's
more
of
a
component
and
I
would
say
that
that
is
more
of
like
an
implementation
or
or
roll
out.
F
You
know
kind
of
concept
that
will
still
working
to
nail
down
and
then
we'll
educate
as
it
matures.
E
A
Do
think
like
we
were
talking
just
an
hour
before
this
at
the
delegate
office
hours
about
some
of
the
like
comp
challenges
right,
like
I,
do
think
the
more
you
look
at
in-game,
the
more
like
addressable
areas.
There
are
like
there's
a
ton
of
stuff
where
we
know
okay.
Well,
we
need
a
system
that
can't
be
this
and
it
also
can't
be.
This
has
to
be
somewhere
in
the
middle,
but
someone
still
needs
to
design
it.
A
The
more
you
look,
the
the
more
places
there
are
to
to
kind
of
fill
that
stuff
in.
So
this
is
the
type
of
work
that
eventually,
as
a
community,
we
need
to
be
transitioning
into
doing
so.
It's
kind
of
our
hope
that
by
having
calls
like
this,
we
can
service
some
of
those
areas,
inspire
people
to
find
ones,
they're
interested
in
and
then
follow
up
and
and
keep
that
spark
going.
A
So
yeah.
Thank
you
for
the
questions.
Frank,
they're,
really
great
and
personally
I
feel,
like
that's
another
in-game
hurdle.
It's
like
it's
really
hard
to
ask
questions
about
in-game
because
you
feel
like.
Oh,
if
I,
you
know
if,
if
I
just
understood
this
more,
like
I'm,
sure
I'm
asking
a
super
obvious
question:
half
the
time
you're,
not
so,
and
the
other
half
it's
an
obvious
question
that
half
the
room
is
also
thinking.
A
I
Yeah
thanks
Peyton,
and
maybe
this
is
a
follow-up
to
I
guess
where
Frank
was
was
going
but
like
I
guess.
The
question
is:
how
do
we
transition
to
this
new
state
and
how
do
we
fund
that?
And
maybe
it's
something
we
discuss
in
more
detail
next
week
when,
when
there's
the
Viridian
cluster,
we
want
to
present
our
plans
to
the
community,
because
in
order
to
go
to
a
subdial,
you
need
to
have
a
working
cluster.
So
you
know,
what's
the
plan
to
ensure
there's
funding
in
place
for
these
clusters
to
become
operational.
G
Yeah
and
I
mean
energy
view.
You
probably
are
one
of
the
best
position
person
in
the
within
maker
to
answer
that
question
because
I
think
that's
you
might,
you
might
have
not
been
on
the
SPF,
but
I
think
that
there
was
also
yeah
I
think
there
was
an
SPF
for
the
cluster
and
then
there
was
another
one
coming
for
the
I
I
forgot
the
details,
but
but
basically
there
are
different
ways
to
transition.
G
One
of
them
is
someone
working
for
the
core
unit
decides
to
kind
of
like
move
on
to
something
and
and
that's
a
bit
of
a
yeah.
It's
it's
a
bit
allowed
to
to
work
on
something
other
than
the
than
the
mandates
if
it
involves
with
the
end
game.
G
Of
course,
if,
if
the
delegates
for
the
game,
shareholders
do
not
agree
with
the
long
term,
they
might
cancel
that
funding
eventually,
but
but
it
is
expected,
since
the
end
game
was
approved
to
to
get
people
starting
working
on
stuff
like
that,
if
that
capital
is
not
enough,
you
you
might
try
to
get
an
SPF
again,
I
I'm,
pretty
sure
it
was
you
and
your
team
that
did
this.
G
So
that's
why
I
was
I
was
mentioning
that
you're,
probably
one
of
the
best
positions
to
do
this
and
to
comments
on
the
on
the
process.
I
Yeah
no
I
mean
I
hope
we
can
have
a
productive
discussion
next
week,
then
I
know
we're
on
the
agenda.
Peyton
yeah
I'm,
just
conscious
like
when
a
cluster
needs
to
bring
in
an
on-board
new
talent
that
is
not
presently
covered
by
a
core
unit
budget
that
that's
where
I
guess
the
challenge
lies
and,
and
we
sort
of
need
to
decide
how
we,
how
we
cater
to
that.
A
As
usual,
when
I
start
typing
something
long,
it's
like
by
the
time
I
get
said
that
I
could
just
say
it
on
the
mic,
but
yeah
one
of
the
things.
I
love
about
governance,
at
least
when
I'm
on
the
building
end,
it's
a
little
more
annoying
when
you're
on
the
advising
end.
A
But
you
know
the
answer
is
always
either
use
an
existing
system
or
create
a
new
one
right,
I
think
several
people
have
pointed
out
that
our
existing
funding
systems
are
a
little
lackluster,
so
we'll
either
need
to
edit
those
or
adopt
a
new
one.
That'll
help
us
with
this
transition
and
yeah.
It's
really
up
to
empower
voters.
A
Members
of
the
community,
like
everyone
kind
of
engaging
in
informing
consensus
about
that,
so
really
appreciate
you,
volunteering
to
to
come
on
and
and
talk
about
the
cluster
next
week
and
I
think
we
should
be
in
for
a
really
good
discussion
about
funding
and
kind
of
how
the
community
thinks
we.
We
should
be
approaching
this.
A
Paper,
that's
a
lovely
question
that
I
think
I'm
gonna
table
to
next
week
when
we
have
them
on
in
the
interest
of
time
and
starting
off
with
a
good
question.
Next
week,.
G
I
mean
the
short
answer,
then,
for
for
the
recording,
the
question
is:
why
would
maker
pay
okay
more
typing,
so
what
would
make
it
pay
the
startup
cost
for
what
is
effectively
borrower?
The
short
answer
is:
why
would
anyone
or
any
doubt
or
any
yeah
entity
pay
for
anything
but
I
mean
as
I
was
mentioning
maker,
is
to
B2B
mainly
or
b2btc?
If
you
want
so
potentially
there
are
these
networks
that
need
to
be
built
in
order
to
have
the
the
volume
and
to
make
sure
that
dice
is
accepted.
G
Everywhere
is
one
of
the
major
stable
coins,
then
it's
it's
much
better
and,
and
you
have
like
a
stronger
flywheel
moving
forward
and
helping
with
the
with
the
cost.
That
said,
that
said,
yeah
it's
up
to
the
mkr
holder
to
decide
how
they
manage
the
treasury.
So
so
it
is
a.
It
is
a
good
question.
I,
don't
think
we
should
be
just
giving
money
to
to
anyone
quote
unquote.
So
it's
more
like
okay.
G
How
do
we
make
sure
that
we
build
this
network
in
an
effective
way
and
where
should
we
allocate
the
capital
and
how
so
I
think
it's?
It's
a
great
point.
F
Yeah
the
the
thing
that
I
like
to
bring
up
to
touching
on
what
Kanga
was
talking
about
in
terms
of
like
strengthening
the
current
bench,
is
that
it's
important
to
keep
in
mind
that
this
is
a
reorg.
This
isn't
there's
a
lot
of
talk
about,
creating
all
these
new
things
and
this
new
structure
and
new
Dows,
but
the
at
the
end
of
the
day.
It's
still
going
from
the
a
fairly
good
sized
operating
organization.
That's
going
from
point
A
to
point
B.
F
If,
like
an
internal,
you
know
reorganization,
while
also
delivering
external
work,
so
there's
just
different
nuances
that
are
required
for
that
that
isn't
necessarily
framed
100
accurately
if
we're
paying
the
startup
cost
for
borrowers.
It's
it's
really
about
that
evolution
of
today's
current
Workforce
restructuring
them
into
a
new
system
and
then
allowing
that
to
grow.
A
And
I
think
one
like
interesting
part
is
like
there's,
there's
plenty
to
debate
and
discuss
about
just
in
terms
of
the
group
itself
and
and
posing
Monday,
but
there's
also
just
a
question
of
like
okay.
Is
this
the
best
way?
Is
this
how
we
want
to
set
the
president
for
for
future
requests
to
go
so
there's
a
lot
of
cool
cool
governance
ideas
there
that
we
can
work
out
and
I.
A
Think
kind
of
the
the
overarching
guideline
at
least
I'm
going
with
for
for
in-game
is
like
the
transition
is
going
to
be
a
little
a
little
muddy
right,
like
all
of
our
bylaws.
All
of
our
things
are
designed
for
for
an
old
system
that
we're
attempting
to
no
longer
use
so
as
we
transition
away
from
it.
We're
we're.
A
Gonna,
have
some
some
pain
points
and
and
there's
going
to
be
some
potential
conflict,
but
I
think
discussing
it
discussing
like
why
we
think
our
positions
are
are
correct,
right,
bringing
that
forward
seeking
kind
of
better
thought,
better
procedure,
better
tools
and
we're
going
to
end
up
with
a
better
system,
and
it's
just.
We
need
to
kind
of
take
that
first
step
of
trust
and
engaging
with
each
other
and
knowing
that
like
it,
may
not
all
work
out
immediately,
but
we
we
do
have
some
timeline
to
work
with.
A
So
yeah
just
want
to
say
huge
thanks
for
those
of
you
that
come
in
week
out
week
in
and
week
out
to
talk
about
these
things
and
participate,
because
yeah
there's
there's
no
way
around
it.
We're
we're
gonna
need
to
put
in
a
lot
of
hours
to
to
making
this
full
transition
work.
A
All
right,
well
we're
only
a
couple
minutes
over
usual
ending
time
here,
but
I
I
do
think
we
should
try
to
be
respectful
people's
time
and
and
start
winding
down
huge
thanks
to
to
Retro
and
and
SCS,
and
everyone
who
worked
on
these
slides
and
and
took
some
time
to
present
today,
really
big
thanks
to
everyone
who
took
the
time
to
ask
questions
to
engage,
it
really
makes
it
a
lot
more
meaningful
of
meeting
when
we
feel
like
it's
with
the
full
community
and
not
just
a
couple
people.
A
So
thank
you
we'll
be
back
same
time
same
place
next
week,
as
I
said,
we're
skipping
the
in-game
theory.
For
now,
so
we
can
go
into
a
little
more
detail
on
some
of
the
proposed
funding
mechanisms
and
tokenomics
yeah
should
be
should
be
fun,
as
always,
let's
keep
the
discussion
going
on
the
Forum
and
in
Discord
and
yeah
thanks
folks
hope
you
have
a
great
rest
of
your
Thursday.