Agenda and Minutes for Weekly Meta-Gov Meeting, April 18th @ 11AM ET
Google Meet link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth, @nick.eth, and @simona_pop
Agenda
- General DAO Updates
- ENS Foundation Director: Nominations Open: Nominees — ENS Foundation director
- Endowment Updates + Presentation
- Monthly Report (@Steakhouse) ENS Financial Reporting by Steakhouse - #8 by Steakhouse
- Weekly Report (@kpk ) Endowment Weekly Reports - #6 by kpk
- Endowment Fees: Endowment Weekly Reports - #5 by kpk
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DAO Tooling [potential slot for Agora presentation]
-
Reserved for Open Discussion [potential slot for Aragon update]
Meta-Gov Meeting, April 18th, 2023
Attendance
184, Aleks, Alexandro, Alisha, Coltron, Daylon, elbagococina, Katherine, Khori, Luca, lyt, Mona, Muhammed, Nick, santinomics, Simona, Tomas, Vincent, YungSB
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Minutes
1. General DAO Updates
- ENS Foundation Director: Nominations Open
- Nominations are open until the end of the month.
- Nominate yourself or someone else.
- Nick is the current foundation director and is available answer questions about the role.
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2. Endowment Updates + Presentation
- Monthly Report (@Steakhouse)
- Fully open source, emphasis on transparency
- Report contains balance sheet, income statement, endowment assets under management, profit and loss.
- The report assumes that all forms of Ether are the same as staked Ether.
Q [Katherine]: Where are you getting the data from?
A: It all comes from Dune, which tracks events occuring on the Ethereum network. It is gathered by using a complex, custom-built query. In the future, we will simplify the structure of the query. We will also have a simpler output available on Dune.
Q: Are figures denominated in USD?
A: The figures are denominated in USDC for stablecoin section, and denominated in Ether for ETH section. The prices we use are at the end of every day.
Any feedback / questions welcome.
- Weekly Report (@kpk)
- Currently nearly $32 million for endowment.
- Following through with regular ETH swaps until the target composition of 40% stablecoins and 60% Ether is reached.
Q: Does the Shanghai update effect the endowment? [withdrawals enabled for staked ETH deposits]
A: We expect that fees may go down and are monitoring the market. We think this will bring more liquidity to the staking positions.
- Endowment Fees
- A separate pod was created for payout of endowment performance fees.
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3. DAO Tooling [potential slot for Agora presentation]
Muhammed:
- Working on a contract that enables delegation of voting power to multiple delegates.
- Close to being finished. Development is almost done, just needs final security checks.
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4. Reserved for Open Discussion [potential slot for Aragon update]
None.