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A
My
name
is
david
lids.
I
I
run
an
impact
real
estate
portfolio
in
baltimore
maryland,
where
we're
rebuilding
distressed
houses
in
distressed
neighborhoods
and
trying
to
keep
equity
and
governance
in
that
portfolio
we're
accumulating
within
the
community.
So
we
are
a
a
kind
of
a
dow
waiting
to
happen.
A
I
want
to
keep
this
short,
so
so
I'm
trying
to
make
in
ways
into
the
w3
community,
so
I
can
start
to
find
technology
that
would
help
us
embolden
our
our
mission
and
then
ultimately
scale
it,
and
I
found
my
first
dow
or
got
into
my
first
dial
commons
common
stack
about
two
weeks
ago
and
from
there
I
won
here-
and
here
I
am-
and
so
here
I'm
here
just
to
to
learn
at
this
point.
B
That's
cool
well
welcome.
I
think
you
found
the
right
place
for
giving
your
mission
so
welcome.
Okay,
so
I'm
gonna
turn
our
music
back
on
and
and
okay
thanks
nate
and
david,
hopefully
you're
able
to
hear
on
your
phone.
B
If
you
look
on
this
is
not
gonna.
This
is
gonna,
be
blurred.
But
if
you
look
on
your
phone,
there'll
be
a
a
list
of
participants
in
the
in
the
meeting
on
discord
and
you
can
just
click
on
the
thing
that
says
right:
click
to
down
to
turn
down
and
there'll,
be
a
volume
control
there,
hey
chewie
and
hey
murph.
B
So
we're
going
to
start
off
today
with
a
check-in
question.
This
check-in
question
is
in
the
next
six
months.
Are
we
better
off
focusing
our
fundraising
efforts
on
spurring
donations
like
like
philanthropic
donations,
like
grants,
that
kind
of
stuff,
or
on
trying
to
increase
token
holdings
like
people
actually
buying
the
token?
B
So,
let's
start
I'm
going
to
turn
it
over
nate?
Do
you
want
to
start.
D
Yeah
sure
so,
between
the
philanthropic
option
and
raising
utility
for
tokens
and
getting
more
people
active
in
our
economy,
I
would
prefer
choosing
the
latter
doing.
The
first
one
ensures
that
the
second
one
happens
in
the
long
term,
and
so
I
think,
on
the
infinite
time
horizon
yes,
philanthropic
efforts
and
where
our
money
goes
is
really
important,
but
we
need
to
make
sure
that
what
we
fund
has
impact,
what
we
fund
provides
visibility
and
that
will
generate
utility.
D
D
You
know,
and
these
these
small
things
they
may
not
change
the
game
individually,
but
in
the
aggregate
it
will
be
hugely
beneficial
later
on,
and
so
for
me,
right
now
is
like
let's,
let's
figure
out
how
to
provide
some
type
of
utility
for
this
token
and
to
allow
it
to
generate
as
many
new
hands
as
possible,
but
that's
just
my
opinion
and
I'll
I'll,
throw
it
over
to
gene.
How
about
you.
B
Hey
and
sorry
before,
let
me
just
interrupt
just
very
quickly:
hey
bear
I
apologize.
Actually
we,
we
talked
bear
with
suggesting
that
maybe
we
don't
take
down
notes
for
this
check-in
process,
because
are
we
really
going
to
use
this
this
information
and
so
we're
going
to
just
try?
I'm
sorry
bear
I
completely
forgot
and
I
started
taking
notes,
so
we
can.
B
We
can
stop
we're
basically
just
going
to
we're
going
to
try
going
forward
to
use
notes
we'll
get
into
this
a
little
bit
more
later,
but
we're
going
to
take
down
notes
when
this
is
more
like
an
official
advice
process.
We'll
continue
on
that
I'll
explain
more
in
a
little
bit.
Gene
started
to
interrupt,
but
it.
D
Also
yeah,
I
concur
with
nate's.
C
Sentiment
on
the
importance
of
the
long-term
utility
and
whatnot,
but
in
the
short
term
I'm
gonna
say
we
should
focus
on
philanthropic
grants
and
whatnot
and
ideally
just
to
specifically
fund
the
production
of
utility
kind
of
the
short
term
goal
versus
versus
the
long-term
goal.
Yep,
that's
a
simple
view
and
pass
to
chewie.
E
Thank
you
gene.
I
think
that,
like
being
open
to
donations
and-
and
all
of
that
is
is-
is
really
nice,
but
I
feel
that,
what's
really
like
cool
and
innovative
about
the
tc,
it's
its
own,
like
economic
engine,
so
so
yeah.
I
feel
that
maybe,
if
we
ask
ourselves
like
how
to
attract
value
in
in
a
way
makes
more
sense
if
it
is
under
an
idea
like
the
augmented
bonding
curve.
E
So
I
I
wouldn't
be
against
donations,
but
if
it's
like
putting
efforts
in
either
one
or
the
other,
I
feel
that
behind
the
tc
there
are
a
lot
of
causes
that
have
used
just
crowdfunding
and
donations
as
its
main
like
source
of
income,
and
I
feel
that
we
would
be
just
not
taking
the
most
out
of
this
like
yeah
economic
engine
itself
and
I'll
pass
it
to
envy
thanks,
chewie
well
so
yeah
on
the
same
page,
I
I
would
focus
on
on
talking
to
booty
if
we
were
say
more
desperate
or
something,
I
would
probably
say
fundraising
efforts,
but
given
that
we
have
something
to
work
with
in
limited
resources
overall,
I
think
it
makes
much
more
sense
to
use
them
on
the
long
term,
which
is
the
token
utility
and
I'll
pass
it
over
to
rex.
F
So
I,
and
in
my
opinion,
it's
kind
of
I
don't
know
how
far
token
utility
takes
you
without
a
sustainable
economy
to
me
speaking
about
the
token,
always
has
to
be
kind
of
in
a
human-centric
way,
rather
than
in
kind
of
adding
utility
to
the
token
for
the
token's
sake,
because
I
feel
otherwise
would
fall
prey
to
over
engineering
and
just
not
creating
a
self-sustaining
economy.
F
And
also,
I
started
to
delve
more
deeply
into
the
augmented
bonding
curve
and
although
at
the
start
I
thought
that
fundraising
needed
to
be
done
straight
away.
I
feel
like
now
up
to
a
certain
extent,
I
can
not
doing
anything.
It's
gonna
put
pressure
on
unsustainable
working
groups
and
it's
kind
of
despotic
right,
but
I
think
that
like.
If
we
do
do
fundraising,
it
should
be
almost
gatekeeped
or
most
of
it
shouldn't
go
into
the
bonding
curve
mechanism,
because.
F
Like
it,
it's
falling,
it's
gonna
be
falling
rather
than
increasing
for
a
while.
I
wouldn't
want
to
pressure
like
just
throw
more
money
at
it
to
so
as
to
push
away
the
austerity
process
farther
in
the
future.
F
F
B
C
Yeah,
thank
you
rex
yeah.
So,
in
my
opinion,
yeah,
I
think
it's
mostly
about
finding
a
balance
between
two
of
the
priorities
that
I
think
we
have
one.
I
think
it's
just
making
sure
that
the
tc
survives
in
terms
of
funds
and
it's
able
to
keep
funding
its
operations
to
consequently
being
able
to
actually
fulfill
its
its
mission
right
that
it's
that
it's
all
these
services
and
providing
the
token
utility,
so
the
bonding
curve,
actually
works.
C
You
know
like
doing
these
two
efforts
in
parallel,
I
would
say
that
probably
making
sure
that
we
have
enough
phones,
it's
it
might
have
a
little
more
priority,
because
if,
if
we
run
our
funds,
then
we
won't
just
be
able
to
do
anything
else
right
so
yeah,
I
would
say
the
two
things
have
to
happen
at
the
same
time,
but
maybe-
and
if
if
the
question
is
about
the
next
six
months
yeah,
I
would
say
that,
based
on
on
our
spending
rate
and
on
the
projections
that
we
that
we
have,
I
think
it's
important
to
consider.
C
B
Trip
to
zach,
if
you're
speaking,
you're
still
muted.
G
Hey,
I
I
sorry
I
missed
the
first
part
of
the
question
I
I
hopped
off
for
another
call
for
a
second.
Can
you
repeat
the
question
yeah.
B
The
question
is
for
the
next
six
months:
are
we
better
off
focusing
our
fundraising
efforts
on
spurring
donations
like
philanthropic
donations,
grants
that
kind
of
stuff,
or
on
trying
to
increase
token
holding
purchasing
the
token.
G
Yeah
great
question:
I
I
think
that
if
we
do
it,
if
we
focus
more
on
well,
the
first
thing,
the
main
thing
I'm
thinking
about
for
this
question
is
what
can
generate
the
most
value
for
the
tec
community
and
for
the
ecosystem.
G
So,
and
I
I
think
if
we
spend
these
funds,
if
we
utilize
these
funds
in
a
way
that
does
generate
a
lot
of
value,
then
there's
going
to
be
a
natural
demand
for
people
to
hold
the
token.
So
it's
a
question
of
of
increasing
the
value
of
our
network
and
of
this
community,
and
if
our
activities
do
generate
a
return
on
investment
and
and
generate
yield
on
our
funds,
then
the
token
holders
are
going
to
come.
Naturally,.
G
B
A
I
live
on
that
side
and
I
just
think
that
that
is
a
much
more
powerful
paradigm.
I
think,
on
the
other
side,
you
end
up
having
mission
creep
because
you're
trying
to
please
your
your
donor.
You
spend
a
lot
of
time.
You
know
out
there
begging
when
you
could
be
building
stuff
and
then
my
experience
and
and
that
exact
that
that
viewpoint
is
really
why
I'm
I've
come
to
your
doorstep
is
because
I
believe
tokenomics
gives
us
more
power
to
contribute
to
build
an
economy.
A
You
know
that
behaves
in
in
a
way
that
we
is
inclusive
and
compassionate,
and
all
that
and
the
last
thing
I'll
say
is
I've
been
on
one
other
ec
call
at
this
point
and
gene,
and
I
kind
of
kicked
around
some
ideas
and
figured
out
a
pretty
cool
model
to
use
your
conflict
resolution
app
and
forgive
me
I'm
forgetting
the
name
of
it,
I'm
so
new,
but
like
I
could
totally
spend.
A
I
could
totally
spend
some
of
the
money
from
our
portfolio
enterprise
inve.
You
know
buying
into
this
service
that
would
that
would
kind
of
step
in
when
there
was
a
landlord
tenant
dispute
that
and
depend
upon
that
app
or
that
smart
contract
to
try
to
keep
us
out
of
rent
court
and
away
from
eviction.
So
so
I
would
go
for
the
utility.
B
Okay,
cool!
Well,
I'm
glad
I
asked
you,
that's
it's
a
very
interesting
response.
Thank
you.
I
I
totally
resonate
with
that.
Having
run
a
mission-driven
tech,
consulting
organization
for
10
years,
that's
my
experience
too,
is
that
the
social
enterprise
aspect
is
very,
very
powerful.
B
My
answer
very
quickly
on
this
is,
I
think,
we're
better
off.
Focusing
on
token
holding.
B
I
think
that
in
the
next
six
months
the
amount
of
grants
that
are
going
to
be
available
in
the
amount
of
philanthropy
that
is
going
to
be
flowing
is
going
to
be
relatively
low,
and
so
our
efforts
are
probably
better
spent,
trying
to
pump
up
the
utility
of
the
token,
the
perceived
utility
of
the
token
why
somebody
would
actually
hold
it
then
and
then
be
able
longer
term
to
turn
to
the
philanthropic
thing,
and
I
think
you
know
anti,
I
think,
yeah.
B
It
was
nt
who
reported
me
this
ethereum
foundation
report
that
basically
talks
about
how
they
want
re-granters
somebody
like
groups
of
organizations
and
networks
of
people
who
can
help
them
to
spend
their
money
wisely,
and
I
think
we
could
be
longer
term
really
well
positioned
to
work
with
ethereum
foundation
to
you
know
as
a
re-grantor
channel
lots
of
money
into
the
token
engineering.
B
But
that's
a
longer
term
thing.
I
think.
Okay,
thank
you,
everybody
here,
so
the
rest
of
the
call
today,
I'm
gonna
do
a
quick
update
on
something
this
token
gate
for
the
discord
panel.
Just
very
quick
rex
is
going
to
do
a
demo
of
the
working
group,
accounting
template
and
then
then
the
rest
of
it
is
going
to
be
nate
walking
us
through
some
exercises
around
the
treasury
policy,
so
really
quickly
on
the
discord
channel.
B
Basically,
in
one
of
the
more
recent
soft
gov
working
group
calls,
we
were
kind
of
talking
about
this
idea
of
token
gating
a
discord
channel.
B
This
is
one
of
our
objectives
or
one
of
our
goals
for
this
first
season
of
sample
and
the
question
that
you
know
I
am
very
concerned
about,
and-
and
I'm
not
alone
echoed
in
this
call
too,
is
what
the
impact
of
a
token
gate
might
be
on
the
culture,
and
so
we
talked
about
that
and
basically
what
we
agreed
was
that
it
would
be
smart
to
just
test
it
out
in
kind
of
a
safe
way,
and
so
the
test
that
we
want
to
move
forward
on
is
to
basically
set
up
a
discord
text
channel
that
would
be
just
available
to
token
holders
tdc
token
holders
and
that
we
would
use
it
as
a
way
of
kind
of
just
like
updating
token
holders
on
what's
going
on
the
kinds
of
kinds
of
content
that
would
be
in
that
channel
would
be
things
like.
B
The
working
group
updates
that
costa
does
every
week
updates
on,
like
conviction,
voting
and
the
kind
of
the
overall
spending
of
the
pool
financial
updates.
Maybe
the
audit,
when
the
audit
comes
out
some
notes
about
that,
and
maybe
even
like
job
postings
kind
of
thing.
So
basically,
this
is
for
people
who
are
participating
in
the
economic
layer
of
the
dc,
which
is
what
you're
doing
if
you're
holding
the
token
that's
one
of
the
aspects
of
it.
So
the
next
steps
on
this
is
I've.
B
I've
drafted
just
a
quick
description
that
just
basically
says
what
I
just
said
and
I'll
post
it
up
on
the
forum
next
week
to
see
what
kind
of
feedback
we
get
and
then
assuming
we're
good.
If
we
get
a
lot
of
feedback,
we'll
put
it
up
to
a
vote,
if
not
we'll,
probably
just
probably
just
move
forward.
F
B
F
So
yeah
yeah,
so
our
transparency-
you
know
ever
since
we
kind
of
finished
on
that
dune
on
that
on
that
dune
dashboard,
just
kind
of
been
working
on
on
this
bit
right,
I'm
getting
all
of
the
working
groups.
F
Balances
and
transaction
history
all
together,
so
then
we
can
start
making
some
comparisons
and
I
want
to
say
kind
of
the
backbone
of
it.
It's
finally
here
and
here's
just
to
kind
of
show
you
because
it'd
be
useful
for
for
sampo
to
kind
of
get
some
idea
of
these.
Maybe
let
me
know
if
there's
other
visualizations
that
we
could
do,
and
I
haven't
thought
about
to
show
us
to
kind
of
tell
us
what
the
state
of
our
dao
is.
So
this
one's
you
can
see.
F
The
query
is
quite
big,
but
basically
all
it's
doing
is
grabbing
everybody's,
so
each
working
group
has
its
own
like
excel
spreadsheet
and
sample
has
its
side
and
then
gravity
and
so
on,
and
then
I
just
add
them
all
here
and
so
on.
In
this
view,
you
can
see
kind
of
what
this
is
like:
the
master
transaction
excel
spreadsheet,
where
you
can
see
like
everything
that
has
been
spent
from
the
working
group
multisigs
and
on
what
specifically
like
categories,
whether
they're
I
put
recurring
as
like
proxy
for
fixed
costs.
F
So
this
one's.
G
F
Much
so
we've
added
four
working
groups
at
the
moment
and
the
others
are
still
being
processed.
Let's
say
so.
Those
will
be
coming
in.
We
have
two
more
coming
in
this
week
and
then
the
rest
in
the
following
weeks,
but
yeah.
So
in
this
one
you
can
see
communitas
gravity
issues
and
transparency
like
how
much
are
they?
Spending
in
in
eggs
die.
F
F
Most
of
our
most
of
our
costs
are
actually
fixed
and
if
we
check
by
date
actually-
and
if
I
do
that
and
create
a
group
by
month,
we
can
see
okay,
I've
broken
this,
but
anyway
you
could
get
it
some
other
ideas.
So
this
is
just
an
idea
how
to
maybe
checking
how
much
is
a
monthly
fixed
cost
right.
This
is
something
that
we
can
get
out
of
this
table
and
then
see.
F
If,
if
we
want
to
kind
of
aspire
for
this
common
pool
balance,
let's
say
then
our
incomes
need
to
our
sustainable
incomes
need
to
be
like
similar
to
the
the
monthly
fixed
costs
there.
With
that
we're
getting
so
yes,
any
questions,
any
things
you
might
want
to
see
out
of
this.
B
Hey
rex,
can
you
just
so
one
one
question
is
this:
is
the
every
working
group
is
going
to
have
its
own
copy
of
this,
and
then
they
will
roll
up
into
a
tdc
master
view?
Is
that
right.
F
Yeah,
so
if
I
open
the
gravity
one
because
it's
the
first
one,
we
did
it's
gonna
open
on
another
tab,
no
worries
I'll
copy
over
this
thing.
Right,
if
I
open
the
gravity
one
you
can
see,
the
first
sheet
like
over
here
has
got
some
nice
colors,
but
it's
the
same
sheets,
it's
the
same
format
as
that
first
tab
out
of
all
of
them.
So
yes,
each
working
group,
rather
than
kind
of
having
so
many
different
ways
of
saying
right.
F
We
spent
so
much
money
and
then
giving
that
to
us
to
transparency
to
then
kind
of
provide
some
sort
of
audit
on
it.
Like
every
working
group
has
a
template
of
this
one
and
then
they
can
kind
of
fill
out.
You
know
date
who's
getting
it
and
like
what
token
it
is-
and
you
know
give
some
more
information
about
where,
where
the
money's
gone
and
why
so?
Yes,
if
I
show.
F
This
one
okay
sure
so
on
each
of
the
working
groups,
we've
built
a
dashboard
for
xdi
tc
and
give
so
gravity's
just
doesn't
want
give
up
the
moment
because
they
don't
have
any
good
flows,
but
so
you
can
see
you
can
per
token
what
the
inflow
outflow
is
monthly
and
how
much
they're
spending
on
each
category
on
this
one
here
and
then
how
much
of
their
funds
they've
spent
and
how
much
is
remaining
from
the
last
well
yeah.
F
F
Yes,
I
think
this
is
automatic
on
every
working
group,
so
once
they
start
filling
out
the
transaction
sheet,
each
working
group
will
get
that
information.
Now
the
master
sheet
should
be
useful
to
sampo.
I'm
just
sort
of
wondering
what
sort
of
visualizations
you
want
to
see
are
the
tables
enough.
Would
you
want
to
see
some
charts,
some
nice
charts
on
top
of
that
or
kind
of.
C
B
So
my
recommendation
today,
just
because
we're
a
little
bit
short
on
time
is
maybe
what
we
do
is
in.
One
of
the
upcoming
calls
share
this
in
advance,
so
people
can
play
around
with
a
little
bit
and
have
a
little
bit
more
time
to
just
kind
of
digest
it
and
and
then
get
some
feedback
on.
I
think,
particularly
like
the
infographics,
like
you
know,
what
would
what
would
be
useful
to
people?
C
B
G
F
Thanks
yeah
and
for
transparency,
it's
gonna
be
useful
because
we're
gonna
start
pulling
the
dune
data
and
contrasting
it
to
what
the
working
groups
say
are
doing
just
to
see
like
because
it
brings
a
high
level
of
transparency
to
say,
like
right.
There's
a
thousand
x
die
missing,
where's
it
gone
at
the
moment.
We
don't
have
that
sort
of
information.
F
F
F
C
F
B
F
B
Okay,
well,
we
can,
like
I
said,
we'll
we'll
do
a
follow-up
session
on
this,
for
some
more
detailed
feedback.
For
rex
I
mean
there's,
this
is
basically
a
super
powerful
engine
now,
and
so
the
data
visualization
will
be
how
we
make
it
even
more
usable,
usable
and
accessible,
so
that
will
be
an
important
next
step.
Thank
you
rex,
thanks
for
showing
that
okay
nate,
are
you
ready
to
take
us
away
on
a
magical,
mystery
tour
of
treasury.
D
Yeah
all
right,
so
this
is
going
to
be
a
bit
of
an
interactive,
and
this
is
so
I
would
pr.
I
would.
I
appreciate
everybody's
engagement
on
this.
So
if
you
have
used
the
clarity,
please
go
to
the
sampo
page.
If
you
can,
if
you
haven't,
I
want
to
go
ahead
and
organize
that
now
and
making
sure
that
we
get
all
the
permissions
correct.
D
So
if
you
want
the
link
to
the
sampo
clarity
page,
it's
going
to
be
in
the
sample
text
channel.
I
just
post
it
and
you
can
navigate
your
way
there
and
I'll
give
it
just
a
minute.
Is
anybody
not
on
this
sample
page
or
hasn't
accessed
this
clarity
page
yet.
B
I
think
there's
definitely
going
to
be
a
couple.
People
who
have
not
you
can.
D
Yeah,
if
at
all
possible,
if
you,
if
you
can't,
if
you
can't
get
access
and
you're
trying
to
get
access,
please
the
speak
up
and
and
we'll
get
you
to
get
you
set
away.
But
I
do
want
to
walk
you
through,
and
I
want
everybody
to
get
used
to
using
clarity,
because
it
really
is
quite
a
awesome
tool
to
use.
And
so,
if
you
watch
my
screen,
we're
going
to
go
to
the
tec
sample
page
for
those
who
are
already
there.
D
If
you
click
on
the
roadmap,
we're
going
to
go
down
to
the
developer
treasury
policy
and
strategy
and
begin
earning
yield,
and
within
this
this
is
our
project
page
and
then
within
it.
We
have
a
a
task
that
we
have
is
the
draft
of
treasury
policy
document,
and
this
is
what
we're
going
to
go
over
today.
D
D
This
is
where,
if
you
could
put
your
name
just
at
yourself
underneath
on
this
list,
so
just
before
we
begin
going
over
this
draft
treasury
policy
document
kind
of
overview
and
walking
you
through
what
we're
trying
to
accomplish
with
this.
I
do
want
to
say
that
recently,
I've
been
in
contact
with
lama
d5,
which
is
kind
of
this.
D
It's
an
economic
treasury
management
firm
if
you
will,
with
a
bunch
of
treasury
management
experts
that
have
helped
out
with
uniswap
ave
major
protocols-
and
I
think
one
of
the
interesting
aspects
of
this
is
they've
developed
plans
for
for
these
types
of
organizations
just
to
get
their
type
of
organization
off
the
ground
and
moving
forward
and
they've
done
a
really
good
job.
And
it's
going
to
be
interesting,
trying
to
work
with
them
to
develop
a
a
plan
for
a
smaller
scale.
D
So
most
of
their
work
has
been
centered
around
large
protocols
with
millions
and
millions
and
millions
of
dollars
within
their
treasury.
This
one
will
be
for
the
tec
that
is
going
to
be
centered
around
an
organization
that
has
you
know,
maybe
a
couple
hundred
thousand,
and
so
how
do
we
approach
treasury
management
for
that?
And
so
I'm
looking
forward
to
helping
having
them
help
us
organize
this.
D
But
for
the
first
part
of
this
I
just
want
to
say
that
I
know
there's
been
a
lot
of
doubts
or
people
who
have
been
hesitant
to
keep
moving
forward
with
this
just
due
to
the
risk
associated
with
treasury
management,
which
will
always
come
we
as
an
organization
you're
going
to
have
to
have
a
treasury-
it's
just
it's
just
part
of
it,
and
this
is
going
to
have
to
have
the
infinite
time
horizon
and
we
need
to
have
that
mentality
so
whether
we
start
off
with
ten
thousand
dollars
or
150
000
or
300
000
we're
moving
forward
with
this
function
within
the
tec,
and
it's
it's
a
really
valuable
thing
to
have:
to
invest
and
diversify
our
treasury,
and
so
we
become
more
resilient
to
economic
downturns
to
protocol
flaws
to
abc
errors.
D
There's
a
lot
of
things
that
can
happen.
We
need
to
be
prepared
for
that
and
so
right
now
our
our
mission
is
to
develop
this
draft
treasury
policy
document
and
thank
you,
gene
and
get
in
for
writing
your
name
there.
If
you
put
your
name
down
there,
I
will
keep
you
updated
we're
at
the
end
of
the
day.
B
Sorry
to
interrupt,
but
there's
a
link
directly
to
the
document.
Now,
if
you
go
in
the
text
channel
for
this,
for
this
call
it's
in
the
upper
right,
you
can
see,
it
says,
show
chat
and
then
there's
a
link
there
that
links
directly
to
this
document.
If
anybody's
having
trouble
accessing
this
document
or
being
able
to
edit
it
just
mention
that
in
the
channel
and
I'll
try
to
help
you
out
either
I
or
nt
will
try
to
help
you
out.
Okay,.
D
Sorry
go
ahead.
Thank
you
gene.
I
appreciate
that
I
mean
we're
getting
so
within
this
document.
We're
gonna
here's
kind
of
the
mission
of
this
document.
It
says
within
this
document
we
attempt
to
define
the
current
tools,
obstacles
and
options
for
developing
a
system
of
treasury
management
within
the
tec
to
find
the
purpose
and
goals
of
the
treasury,
as
well
as
looking
at
different
investment
strategies
and
what
they
offer
us
in
the
current
economic
climate.
D
D
That
mean-
and
rex
has
done,
an
amazing
job
of
of
actually
aggregating
all
that
information
into
easily
digestible
data
sets,
which
I
really
appreciate,
rex
we're
going
to
very
much
need
those
skills
within
this
group
and
then
defining
the
economic
setting
is
the
second
part.
So
how
do
we
navigate
treasury
management
in
a
multi-chain
environment?
D
We're
going
to
have
to
have
funds
on
not
only
gnosis
chain
but
on
ethereum
and
then
any
other
chain
we
wish
to
do
including
layer
twos.
You
know,
if
we're
dealing
with
large
amounts
of
money,
it
might
be
beneficial
for
us
to
move
to
a
layer
two
to
reduce
the
gas
costs
associated
with
different
types
of
transactions.
D
We
you
know
benefit
is
that
you
know
we
can
have
our
own
investment
strategies
for
each
chain,
which
is
really
awesome,
something
that
you
know
not
a
lot
of
dials
are
doing,
but
the
drawback
is
that
you
sacrifice
the
security,
and
so
how
do
we
manage
those
risks?
How
do
we
manage
administrative
risks?
How
do
we
keep
up
to
date,
and
what
are
we
looking
at
in
terms
of
when
something
goes
wrong?
D
How
do
we
act,
and
so
that
that
is
really
something
we
have
to
evaluate
is
the
economic
setting
of
where
we
put
our
treasury
and
how
we
manage
it
and
where
we
manage
it.
The
second
problem
that
we
have
is
the
multi-sig
agent
problem,
which
is
what
is
what
is
controlled
by
a
multi-sig
of
individuals
versus
what
is
operated
by
an
individual
themselves
and
what
types
of
dynamics
do
we
need
to
have?
What
kind
of
trust
do
we
need
to
have?
Are
there
any
accountability?
D
Measures
that
we
can
implement
next
is,
of
course,
agent
conflict
of
interest.
This
is
really
important
that
if
we
do
have
a
single
agent
investing
in
funds
that
there
are
no
conflict
of
interest
with
their
with
their
own
funding,
we
don't
want
to
have
these
types
of
this
perception
of
impropriety
with
anyone
that
is
working
as
a
fund
manager,
and
so
this
is
a
very
important
document
that
we
need
to
articulate
gnosis,
safe
review.
D
This
is
something
that
we
will
probably
rely
on
a
lot
as
they're
kind
of
a
basically
a
partnering
organization,
we're
built
on
their
chain.
They
have
a
gnosis
safe
that
we
use
and
most
of
the
industry
uses
it's
a
it's
a
very
good
multi-sig
management
tool,
and
there
are
some
weaknesses.
There
are
some
strengths
and
we
have
to
really
start
building
a
relationship
and
kind
of
have
an
outline
of
that.
D
I
know
that
nt
and
bear
you've
possibly
talked
about
that
management
structure.
An
organizational
structure
for
how
we
do
this.
Did
you
have
any?
You
guys
have
any
comments
on
that.
E
Well,
I
I
can-
probably
I'm
not
really
here
I
can
probably
talk
about.
I
was.
I
was
really
more
looking
into
the
tooling
per
se,
but
the
general
organization,
it's
probably
a
bit
more
tricky.
I
was
thinking
about
the
multi-chain
environment.
I
don't
think
that's
going
to
be
as
much
of
an
issue,
because,
like
the
moment
the
funds
are
out
of
the
common
pool.
E
What
I
think
it's
going
to,
what
I
think
we
have
to
be
careful
with
is
with
we.
We
should
probably
have
a
really
strong
policy
or
procedure
around
the
bridging
funds,
because,
for
example,
if
we
are
basing
everything
on
on
multispeaks,
we
have
to
use
bridges
that
allow
us
for
different
receivers
because
say,
for
example,
in
the
case
of
I
don't
know,
if
you,
if
you
listen
to
the
optimism
scandal
where
they
send
some
some
address
to
multisig,
that
address
was
maintained
in
multi-six.
E
I'm
sorry,
I'm
like
getting
up
together
and
getting
everything
together,
but
smart
contacts
are
not
they're.
Gonna
have
deterministic
addresses,
so
we
have
to
be
careful
when
we,
the
only
risk
is
that
we
read
to
a
different
address
that
we
don't
have
control
over.
D
Yeah,
I
remember
the
optimism
they
they
sent
the
funds
to
what
they
assumed
was
the
their
address
on
the
main
net,
and
they
had
that
just
didn't
exist
and
somebody
claimed
that
address
and
took
the
money
so
yeah.
So
bridging
is
a
huge
issue,
and
so
these
these
are
the
types
of
things
that
are
kind
of
blended
in
and
whatever
work
you
have
there.
I
would
definitely
like
help
with
on
this
policy
document.
So
that's
a
big
part
of
it.
This
is
this
management
structure
and
thank
you
auntie
for
your
statements
on
that.
D
The
next
big
component
is
the
decision
making.
This
is
a
huge
one
where,
whatever
investment
strategies,
we
do
end
up
having.
How
do
we
make
decisions?
You
know
if
something
goes
wrong.
What
are
the
steps
in
making
decisions?
How
do
we
make
decisions
when
we
have
you
know
a
requirement
of
four
out
of
five
people
on
a
multi-sig?
D
How
do
we
communicate
with
each
other?
These
are
things
that
are
very,
very
important,
and
so
that's
something
that
needs
to
be
developed
community
expectations.
This
is
a
big
one,
especially
in
the
short
term.
How
do
we
manage
community
expectations?
A
lot
of
individuals
believe
that
this
initiative
is
going
to
be
the
the
shape,
the
save
euro
in
the
short
term
and
that's
a
lot
to
handle
and
so
managing
expectations.
D
So
we
can
do
what
we're
supposed
to
do
responsibly
and
ethically
as
we
move
forward
is
really
important,
and
I
encourage
you
if
you
have
any
thoughts
on
these
topics
as
we
move
forward,
please
update
them
and
then
we'll
incorporate
them
into
a
main
document.
This
comes
back
to
next.
One
is
transparency
and
financial
reporting.
This
is
one
where
rex,
I
think,
you're
going
to
have
a
big
influence
on,
and
the
transparency
working
group
in
particular,
and
how
do
we?
What
are
we
expected
to
report
on?
How
do
we
do
it?
D
D
So
governance
swap
using
gtc
rad
as
an
example
recently,
bitcoin
and
rad,
with
in
collaboration
with
lama,
did
the
first
governance
swap
where
they
swapped
governance
tokens
to
diversify
their
portfolio
and
have
this
active
public
goods
collective
initiative,
where
they're
having
an
agent
represented
in
each
of
these
dowels
to
vote
and
allocate
those
funds
and
influence
voting
decisions
in
one
another,
and
so
that
could
be
a
very
really
cool
way
to
get
diversity
within
our
treasury.
D
Identifying
partnering
organizations
might
be
a
little
harder
than
than
we
initially
think,
but
it's
very
much
possible
stable
coins.
Of
course,
there's
a
whole
myriad
of
stable
coins
evaluating
what
options
are
good.
What
options
are
not
good
which
are
risky
which
are
not
risky,
are
very
important,
but
we,
the
importance
is
that
we
do
get
into
stable
coins
and
we
make
sure
we
diversify
those
x
tokens
making
unproductive
tokens
productive
and
yield
optimization.
D
This
is
the
last
things
that
we
need
to
do
are
evaluate
the
revenue
management.
Once
we
generate
revenue
from
these
investments,
where
do
they
go?
Are
they
sent
back
to
the
common
pool?
Are
they
used
to
buy
ftec
tokens?
Are
they
you
know?
Do
we
start
our
own
grant
body
in
collaboration
with
the
common
pool?
These
are
all
big
questions
that
we
have
to
ask
and
then
the
interaction
between
treasury
and
the
abc.
D
How
do
we
know
when
to
send
money?
Do
we
buy
tec
directly
from
the
abc?
Do
we
just
send
it
to
the
common
pool?
D
What
are
the
the
pros
and
cons
of
of
having
this
big
treasury
and
maybe
less
money
in
the
common
pool,
and
then,
of
course,
the
advice,
process
and
review,
but
so
these
are
the
things
that
I
want
to
go
over,
and
I
want
this
document
to
be
something
that
you
put
your
thoughts
in.
D
These
are
the
main
kind
of
macro
macro
taxonomy
that
I've
got
for
what
this
policy
document
needs
to
include,
and
so,
if
you
have
any
thoughts
on
any
of
these
things,
please
add
a
comment
and
thank
you
angie
for
putting
that
comment
underneath
a
safe
review.
D
D
If
you
can
and
then
we'll
kind
of
review
it
next
week
as
a
as
a
small
task
within
the
sample
working
group
call
and
we'll
evaluate
which,
which
elements
that
we
want
to
keep,
which
ones
we
don't
and
so
on.
So
does
anybody
have
any
questions
about
this
document
in
general
and
this
particular
task.
D
B
Nate,
I
I
added
something
in
there
in
a
in
a
note
or
a
comment
about
the
size
of
the
of
the
investments
that
we're
making
like.
Are
we
doing
small,
large
and
then
also
looking
at
the
impact
on
the
on
the
common
pool
and
and
then
what
that
does
to
overall
spending.
D
Yeah
right-
and
this
is
something
a
conversation
that
we
really
have
to
collectively
have
in
terms
of
the
proposal
that
we're
going
to
create.
I
think
that
will
come
more
with
the
advice
process
with
the
community.
Once
we
make
a
forum
post
for
it,
I
think
we
should
have
an
ideal
like
max
my
maximum
version
of
it,
which
I
would
say
would
be
around
like
three
hundred
thousand
slightly
less
than
fifty
percent
of
the
common
pool
and
say
hey.
This
is
what
we're
proposing
and
then
have
them
negotiate
us
down
from
there.
D
I
I
cause,
I
think
that
you
know
we're
going
to
have
push
back,
no
matter
what,
and
so,
if
we
say
we
want
to
request,
you
know
a
hundred
thousand.
We
still
get
pushed
back
down
to
seven.
Well,
we've!
You
know
it's
it's
rough,
so
I'd
rather
go
the
maximum
we
can,
which
I
think
would
be
around
300k
and
then
have
the
community
push
us
down
from
there
and
see
what
we
can
do,
even
if
it
just
even
if
it
just
sits
there
in
in
a
multi-sig-
and
you
know,
interest-bearing
stable
coin.
D
For
you
know
six
months,
it's
it's
better
than
just
leaving
it
within
the
common
pool
just
to
sit
there.
So
these
are
types
of
comments
that
we
have
to
really
convey
and
be
very
tactful
with
with
the
rest
of
the
community.
E
About
that
same
thing,
we
probably
have
to
have
also
a
minimum
number
where
it's
not
even
worth
to
to
try
for
the
negotiation,
and
I
forgot
what
I
was
going
to
say.
E
Okay,
yeah,
I
think
I've
said
this
before
I
think
it's
we
should
have
within
the
proposal
say
like
if
we
are
requesting
especially
high
amounts
of
of
funds,
probably
study
a
configuration
for
the
conviction
voting,
so
the
funds
that
we
get
out
doesn't
affect
all
the
proposals
that
may
come
in
after.
F
F
Like
get
a
bunch
of
grants
and
don't
put
them
through
the
common
pool
and
put
them
onto
treasury
management
so
as
to
not
touch
the
common
pool
too
much.
F
D
No
sorry
I
mean
I
may
just
be
misunderstanding.
So
where
would
the
grants
be
coming
from.
D
Okay,
so
most
of
the
funds
that
we
we
would
receive
are
going
to
be
coming
from
the
common
pool
in
general.
I,
I
suppose
there's
way
we
could
outsource
it,
but
I
doubt
anybody
like
you
know
through
like
a
git
coin,
something,
but
I
doubt
anybody
will
invest
money
into
an
investment
fund
that
they
don't
own.
You
know
or
donate
to
an
investment
fund
for
a
public
good.
I
mean
it's
a
possibility,
but
I'm
not
quite
sure.
I
think
most
of
this
money
is
going
to
come
from
the
common
pool.
D
Just
because
that's
the
way
our
economy
set
up
and
I'm
not
sure
if
there's
any
type
of
external
funding,
maybe
we
could
look
at
the
laser
tag,
multisig
wallet
and
see
if
they
were
willing
to
do
something
with
it,
because
their
phones
are
just
sitting
there
as
well,
and
I
believe
they
were
supposed
to
be
a
little
bit
more
active
in
their
management
of
those
funds
and
I
don't
think
they
have
been,
and
so
that
could
be
something
we
could
look
into
as
well.
D
Yeah,
I
don't
know,
do
you
have
any
thoughts
about
that
video
yeah?
I
think
that's.
B
D
It's
a
good
amount.
I
think
most
of
it
is
into
ec
tokens,
which
I
would
like
to
probably
use
that
straight
up
for,
like
a
governance
swap
with
some
partnering
projects,
but
I
think
they
have
like
point.
Eight
eighth
and
a
significant
amount
of
wrapped
x
die,
so
it
could
be
around
50
000.
E
They
have
0.8
eve,
there's
2645,
give
in
almost
60k
worth
of
60k
tc
and
in
on
all
equity
people.
Give
us
in
the
tc.
D
B
That
already
went
through
pretty
sure
yeah.
D
But
the
funds
have
been
sent
already.
Okay,
so
that's
60,
000
tec!
You
know,
that's
that's
like
120
nearly
so
I
mean
that's
a
good
amount
of
money
and
something
that
we
could
use
to
maybe
even
partially
allow
them
to
manage
liquidity
if
need
be,
but
I
do
think
that
a
part
of
this
conversation
is
to
really
ask
the
re.
You
know
the
laser
tag
team.
What
exactly
their
mission
is,
what
their
plans
are
and
review
what
exactly
they're
providing
for
us
at
this
moment.
B
So
nate
we're
just
about
two
minutes
away.
What
would,
from
the
end
of
the
hour,
what
what
would
you
you're
you're,
basically
going
to
be
pulling
together?
This
document
that'll
be
like
a
google
doc.
Is
that
right.
B
And
what
would
you,
what
would
you
ideally
like
from
folks
in
sample
right
now,
like
commenting
on
the
doc
or
commenting
on
the.
D
Duck
yeah,
I
think,
coming
down
coming
on
this
page
and
honestly,
just
having
if
you,
if
you
have
ideas
or
something
that
you're
willing
to
investigate,
for
example,
in
the
realm
of
investment
strategies,
if
you've
had
experience
investing
in
like
curve
finance,
if
you've
had
an
experience,
investing
in
balancer
or
or
urine,
your
experience
is
valuable.
I
think
that
understanding
how
these
these
protocols
work,
these
d5
protocols
work
and
understanding
how
to
start
building
the
informational
infrastructure
from
so
more
people
can
participate,
is
really
really
important.
D
So
if
you
do
have
time-
and
you
do
have
the
experience
utilizing
these
protocols-
I
think
commenting
on
them
or
even
creating
your
own
section
within
this
document,
to
evaluate
the
the
pros
the
cons,
the
risks
associated
with
each
of
these
types
of
investment
strategies
would
be
really
really
really
valuable,
and
so
I
would
encourage
you
guys
to
just
you
know.
This
is
going
to
be
a
collective
effort.
This
is
something
that
I
think
all
of
us.
D
If
we
do
this
right,
we
can
really
kind
of
set
the
stage
for
how
small
the
mid
cap
size
tokens
start
investing
in
managing
a
treasury
of
that
size
and
what
to
expect
and
how
to
how
to
how
to
keep
moving
forward
and
start
building
some
funds.
So
yeah.
If
you
have
ideas,
you
have
thoughts
around
this.
D
I
think
this
document
here
in
clarity
and
the
document
that
I'll
post
the
link
for
the
first
draft
of
the
the
treasury
policy
document-
and
please
add
your
comments
and
and
thoughts,
because
anything
you
can
think
of
will
have
impact
so
yeah.
D
In
terms
of
like
overall
like
when
we
want
to
get
this
done,
I
I
think
you
set
this
deadline
for
like
that
at
the
end
of
this
month
in
july.
Is
that
correct?
G
D
Yeah
so
yeah.
If
you
can
get
all
your
comments
and
and
efforts
in
by
mid-july
and
then
we
can
start
with
the
community
process
and
then
move
forward
from
there.
D
B
In
the
sample
channel,
and
then
people
can
comment
all
right.
Okay,
thank
you.
Nate
looks
great
everybody.
Thank
you
for
your
time
today.
Thanks
for
the
call
and
we'll
talk
to
you
all
next
week,
if
not
before,
bye.