Agenda and Minutes for Weekly Meta-Gov Meeting, Feb 7th, 2023 @ 7PM GMT
Google Meet link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth, @nick.eth, and @simona_pop
Agenda
A) General DAO update
B) Proposal to sell 10k ETH (Updates on result)
C) Endowment proposal from Karpatkey (Update on next steps)
D) Reserved for Open Discussion
Minutes - MetaGov Meeting - Feb 7th, 2023
Attendance:
184.eth, 5pence, Chris Powers, Coltron, consigli3re (Gavin), Daylon, elbagococina, Erin Koen, Joaquin, Katherine Wu, Nick Johnson, santinomics - Karpatkey, Sebastien Derivaux, Simona Pop, Tomas, Vincent
Notes by @daylon.eth
Notes
A) General DAO update
The executable budget vote was passed on Tally. There will be a two day timelock and then the proposal will be executed and funds will be transferred on chain.
B) Proposal to sell 10k ETH (Updates on result)
This proposal vote also passed on Tally and is now queued to be executed. Thank you to all that voted.
C) Endowment proposal from Karpatkey (Update on next steps)
Karpatkey posted an FAQ on the forum:
Endowment Frequently Asked Questions (FAQ)
We collected all of the questions and tried to answer them in one file. We are open to answering more questions if there are any.
Next steps from Karpatkey:
Next step is to create an executable proposal.
Started to draft the executable proposal and shared with stewards for first review.
Fees will be accrued once the service is provided.
Q+A
Katherine:
I still wanted to clarify something from the performance fee. Where does the 10% performance fee that Karpatkey is taking coming from? I do not understand how performance fees come from unrealized gains.
Nick:
It’s like interest in a savings account. You don’t have to withdraw it to know your realized interest.
Like a dividend fee?
Katherine:
So, taking the 10% of the top of any LP fees.
Santinomics:
Yes.
We will ask for a 50% tranch to kick off endowment. Next tranch will be asked for after six months. We believe this will be the most reasonable tradeoff after our discussion.
We are planning to post the executable proposal later today.
D) Reserved for Open Discussion
CoW Swap was recently exploited. Will this effect our proposal to sell ETH for USDC?
Nick:
I have reviewed the issue personally and there is no need to worry. The exploit will not effect any users of the platform.