Agenda and Minutes for Meta-Gov Meeting, August 29th, 2023
Details
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Agenda
- General DAO Updates
- Eth NYC Happy Hour
- Endowment Update (@karpatkey )
- Discussion: staked ETH diversification
- DAO Tooling
- Reserved for Open Discussion
Attendance
katherine.eth, nick.eth, 5pence.eth, alisha.eth, coltron.eth, cory freeman, david phelps, evan moyer, jeff lau, limes.eth, makoto inoue, mailchain “verycozy.eth”, marcus estmcmxci, santinomics, tomas, vegayp, yungsb, 184.eth
minutes by @184.eth
1. General DAO Updates
Eth NYC Happy Hour
- @limes shared about ENS event at Eth New York happening on September 23rd.
- This event will trial an NFT ticket that is ‘Built on Base[.eth]’.
- Many people from the Working Groups, ENS Labs and community will be attending.
- The forum post ENS Happy Hour @ ETH NY 2023 will be updated next week with more details.
2. Endowment Update
Forum: 1) Endowment Monthly Reports & 2) ENS Financial Reporting by Steakhouse & 3) Karpatkey H1 2023 Review for the ENS Endowment.
Tomas | @karpatkey gave the weekly update.
- Discussed a balancer exploit, which turned out to be a vulnerability that was not exploited.
- Furthermore this vulnerability did not affect endowment holdings.
- Proposal for second tranche of endowment funds is expected in the coming weeks.
- A vote is expected at the end of September during Monthly DAO Voting Window. Execution is then expected in the beginning of October.
- A separate proposal will be made for new strategies, with a primary goal to diversify after the second tranche.
Discussion into staked ETH diversification
- An allocation of 50% Lido, 30% Rocket Pool, 20% others is being considered.
- There are practical considerations to diversified allocations, including:
- Changes to current DeFi strategies with staked tokens.
- possibilities of quick liquidation in the case of an emergency.
- Expanding to different smart contracts increases the surface area for potential risks.
- Diversification decreases the impact of a single point of failure.
3. DAO Tooling
No items this week.
4. Reserved for Open Discussion
Discussion on Working Group signing processes
- Vegayp seeks to clarify who may sign documents when Working Groups are sponsoring hackathons, etc., and a signature may be required.
- It was discussed that the Foundation directors are the more appropriate entity for signing documents.
Discussion on ENS Labs 2022 Financials
Forum: ENS Labs 2022 Financials
- vegayp asked about a breakdown of sections and Labs presenting during a MetaGov WG call - (khori.eth has added detail here). We will discuss the financials at length in next week’s MG call, with Khori joining the call for any questions.
Invalid Name Refund Proposal
Forum: [Draft] [Executable] Refund .eth names affected by normalization updates & [TEMP CHECK] ENS invalid name refund proposal
- Refund options have been discussed on the forum and in Metagov, Ecosystem & Public Goods WG calls.
- Option A was selected from the two options.
- Makoto will move forward with making an onchain governance proposal.
- This will be aimed for end of September as part of the monthly DAO Voting Window.
David Phelps from JokeRace.xyz Twitter
JokeRace is the contest platform for communities to make, execute, and reward decisions. Contests enable communities to submit responses to a prompt and voters to vote on their favorites—and for anyone to win rewards if they win. Use cases include bounties, hackathons, grants, DAO governance, elections, etc. Our completely redesigned v3 replaces token-voting with on-chain allowlists to let communities of any size customize who can submit, who can vote, and how much voting power they have.
- David is the founder of JokeRace, which focuses on onchain tools for governance and grants.
- JokeRace offers tokenless ways of voting, and can help design or brainstorm for purpose.
- David will be speaking with Katherine in the coming weeks following discussion around Rethinking ENS Small Grants.
Cory Freeman from Maple Finance
Forum: Introducing Maple Cash Management
- Cory introduced himself from Maple Finance, a defi lending protocol offering a range of real-world asset lending solutions.
- Cory welcomes further engagement and comments on their forum post.