Agenda and Minutes for Meta-Gov Meeting, November 21st, 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
- Weekly Endowment Updates @kpk + Monthly @Steakhouse
- DAO Tooling
a. Sablier
b. Superfluid
c. LlamaPay - Open Discussion
Notes by @don.nie
1. General DAO Updates
- Steward elections and voting for stream providers upcoming
- Steward nominations open 6-9 December. Elections on 10 December: EP1.8 | ENS Docs
- Update on RFP for bylaw creation
- Extending deadline to first week of January given holiday season
- If know good candidate, send them here: RFP: Drafting of ENS DAO bylaws - #5 by Cannabusiness.eth
2. Updates
Weekly Endowment Updates (@kpk)
- Capital Utilization now over 80% due to increased ETH exposure strategies.
- Made commitment to divest no more than 20% of staked ETH to Lido. As a result rETH exposure increased
Monthly (@steakhouse)
- Reserves up and runway up as ETH price increases
- Biggest concern is that revenues are trending lower, might just be due to bear market ending in Septmeber
- 151 months of runway ~10 Years & Cash flow positive
- Copy of slide deck can be found in the forums!
- Haven’t added forecast scenario for revenue streams yet
3. DAO Tooling
Presentations for payments tooling
1. Sablier
Paul Berg: https://app.sablier.com
- Two ways to create streams
- Time or Fixed States
- Deposit funds upfront but then run as scheduled
- Users can track payments over time through dashboard
- Can estimate earnings in the future
- Can create all streams in one proposal through batch contract
- Stream history gives etherscan links + integration with TokOS for accounting/tax purposes
2. Superfluid
Mike D’Aliessi: https://app.superfluid.finance
- Open streaming protocol; Tokens stay in wallet and wrapped into protocol so can do open ended streaming
- Transparent streaming dashboard so anybody can see fund movement
- Can also do bulk streaming
- Can re-direct streams; seamless automation of payments
- Can export stream data for accounting/tax purposes into a csv and has TokOS integration
- Docs: Superfluid | Stream Money Every Second | Superfluid | Stream Money Every Second
3. LlamaPay
Omar A: https://llamapay.io
- Used by numerous DeFi protocols; example: https://llamapay.io/yearn
- Lower gas fees
- TVL: $2.4m, double alternatives
- Can schedule streams without making full deposit
- csv export function for reporting
- Github repo: GitHub - LlamaPay/llamapay
- Can batch multiple streams in one transaction
4. Open Discussion
None