☎️ MetaGov Working Group – 2023 Meetings and Minutes Archive

🗳️ Meta-Governance Meetings
44

Agenda and Minutes for Meta-Gov Meeting, October 11th, 2023

Details

Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @katherine.eth (ENS | X), @nick.eth (ENS | X), @5pence.eth (ENS | X)

Agenda

  1. General DAO Updates
    • frENS day- November 13th @ DevConnect
    • Link to Get Tickets
    • Speaker Nominations
    • Invalid Refund name proposal
  2. Endowment Updates + Discussion (@karpatkey + @Steakhouse)
  3. DAO Tooling
    • Scopelift

Notes by @limes

Attendance

katherine.eth, nick.eth, 5pence.eth, limes.eth, Cap, charlie feng, coltron.eth, greg skriloff, marcus estmcmxci, slobo.eth, tomas, vegayp, 184.eth, ETH Daily, Pablo Villaba, Santinomics, Sebastien Derivaux, Jeff Lau, Ben DiFrancesco, David garcia

1. General DAO Updates

frENS Day

frENS Day is the premiere event on the first day of DevConnect: Istanbul. The goal is to create a platform for collaboration amongst technology leaders, open-source enthusiasts, governance experts and forward-thinking organizations as we bridge Web2, Web3 and beyond.

Buy a ticket here

ENS Small Grants

Voting on small grants is expected to commence next week

2. Endowment Discussion (@karpatkey + @Steakhouse)

@Stakehouse | Sebastien Derivaux (X)

Stakehouse made their September 2023 Update and presented on the call.

  • Key Points
    • ENS revenue for Septemer was at $1.9M
    • Cash inflow was at $1M
    • Runway is at 139 months

@Karpatkey | Tomas (X)
The ENS endowment sits at $53M with the recent funding of the second tranche

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The next steps for karpatkey are deploying the funds received from the second tranche with the following priorities:

  1. Increase rETH exposure
  2. Reduce stETH exposure to 20%
  3. Introduce stratagies via Stakewise and DIVA

3. DAO Tooling

Scopelift (X) | @Ben DiFrancesco (X)

Scopelift is a software engineering consultancy business focused on crypto that wants decentralized governance to thrive. Ben brought a potential attack vector with the OpenZepplin Governor Contracts, which ENS uses for their governance contracts, to the attention of the Metagov call, specifically citing multi-block MEV (not live yet, just hypothetical) as a case study.

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

45

Agenda and Minutes for Meta-Gov Meeting, October 17th, 2023

Details

Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq

Stewards: @katherine.eth (ENS | X), @nick.eth (ENS | X), @5pence.eth (ENS | X)

Agenda

  1. General DAO Updates
    • Invalid Refund name proposal
  2. Budget Requests
  3. Weekly Endowment Updates

Notes by @limes

Attendance

nick.eth, 5pence.eth, limes.eth, charlie feng, coltron.eth, greg skriloff, marcus estmcmxci, slobo.eth, tomas, Dan, 184.eth, Santinomics, Jeff Lau, Senad

1. General DAO Updates

Invalid Names Refund

The movement of funds in regards to [EP4.3]“Refund Invalid .eth Names” has been executed and is in process. The secretary and metagov team expect that invalid name refunds will occur this week.

2. Budget Requests

Budget requests between the three working groups are expected to be posted inside the October funding window. These requests are being drafted for the purpose of 6 months of runway so that stewards are not immediatley prompted to request funds in the first days of their term.

3. Endowment Discussion (@karpatkey + @Steakhouse)

@Karpatkey | Tomas (X)
Karpatkey has been executing upon their goals of increasing the rETH position and reducing the stETH position within the ENS Endowment

The expected release of the monthly report is today, October 17, 2023.

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Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

46

Agenda and Minutes for Meta-Gov Meeting, October 24th, 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

  1. General DAO Updates
    a. Budget Voting Window Open
    b. Small Grants is LIVE
  2. Weekly Endowment Updates
  3. DAO Tooling
    a. Presentation from Agora - roadmap/ feature wishlist

Notes by @limes

1. General DAO Updates

ENS Working Group Funding Proposal

Voting for Working Group funding proposals is live on Snapshot.

ENS Small Grants

Small grants voting is live! Anyone who has participated in small grants voting in the past has an ENS voting card NFT. Accounts with an ENS voting card NFT can allocate a total of 100 points across their favorite projects.

Invalid Name Proposal Refund

The invalid name refund proposal payment is expected to go out at the end of this week. It is currently undergoing a review and validation process.

2. Weekly Endowment Updates (@karpatkey)

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Karpatkey is in the process of adding rETH strategies to the treasury as seen the Aura category denoted in teal below

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Executable votes to update the strategies will be going live later this month.

3. DAO Tooling

Agora | @Charlie Feng

Agora builds end-to-end governance software for some of the biggest DAOs (They built an ENS onchain voting and proposal platform).

Agora wants to help build the next 100 years of ENS and have identified four main goals to help make this viable.

  1. Make the proposal process fool proof
  2. Lower the barrier to propose (without introducing spam)
  3. Maintain an engaged delegate and contributor base
  4. Making delegation more fluid (redelegate, split delegation)

Agora plans to add structure to all parts of the governance structure:

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The Agora <> ENS partnership looks to provide the best example of all DAO operations. Look for future releases in the coming months.

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

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47

Meta-Governance Meeting, October 31st, 2023

Details

Stewards

Agenda

  1. General DAO Updates
    a. Small Grants - thank you to those who voted!
    b. Voting Windows
    c. Name Normalization Update
  2. Weekly Endowment Updates
  3. DAO Tooling
    • Agora
  4. Open Discussion
    • Social proposal to ask the keyholders to transfer the root to the DAO

Notes by @estmcmxci

Attendance

Participants:

184.eth, 5pence.eth, coltron.eth, estmcmxci.eth, ethdaily, gregskril.eth, jefflau.eth, katherine.eth, nick.eth, santinomics, slobo.eth, tomas, vegayp.eth, yitong zhang

Minutes

1. General DAO Updates

  • Small Grants:

    • Voting for Small Grants round has concluded; community was highly engaged in the grants voting process.
    • Stewards and community expressed gratitude for @gregskril’s contribution.
    • @vegayp recommends retrospection on the process, winners and greater publicity for grant rounds; a discussion on reflecting and iterating on the ensgrants round is floated for next week
    • Small Grants rounds were acknowledged as a way to increase community engagement outside of domain purchases and forum activity.
    • Consider feedback mechanisms for small grants

  • Executive Proposals:

  • Name Normalization Refunds:

    • 116ETH is set to be refunded to about 2800 addresses who had invalid names. Final verification is still in progress.

  • Budget Transparency:

    • Forum post regarding budget transparency is upcoming.
    • More detailed breakdown of compensation for stewards and other roles will be available by week’s end.
    • The community emphasizes fairness and transparency in compensation.
    • General consensus on standardizing steward compensation was addressed .

—

2. Weekly Endowment Updates

Karpatkey Updates:

—

3. DAO Tooling: Agora

  • Stewards have tentatively approved funding to improve the proposal process.
  • The main focus is on engaging delegates and contributors. Another aim is to simplify the proposal process while preventing spam.
  • Yitong addresses difficulties faced by first-time delegates in accessing their delegated votes.
  • Suggestions made for potential solutions, including re-delegating tokens.
  • Agora will present an improvement proposal in the coming weeks that can enable past delegates to re-delegate tokens; essentially acting as a registry which the governor contract will listen to as a second source of votes.

—

4. Proposal for Root-Key Transfer to ENS DAO:*

  • Nick.eth proposes a transfer of the root-key to the ENS DAO, in line with the DAO’s anniversary (November 10th).
  • This move aims for further decentralization.
  • Discussion about the specific controls and functions of the root.

—

Note on the root-key:
The ENS DAO currently holds ownership of the .eth registrar and has the ability to update the control of the “namewrapper” among other functionalities. However, the core ENS root name remains under the control of the original multi-signature system. This system can create new Top Level Domains (TLDs) and adjust controls for existing TLDs. The notable exception is .eth, which is permanently set and cannot be altered. A function exists that allows locking of any TLD permanently, but it has only been applied to .eth. The primary reason to make any changes to this system is to update reverse resolutions. Moreover, the Labs team is prepared to support primary domain names on Layer 2 solutions (L2s).

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48

Meta-Governance Meeting, Nov 7, 2023

Details

Stewards

Agenda

  1. General DAO Updates

EPs:

Social Proposals

  1. Weekly Endowment Updates

  2. Open Discussion

  • Role + Scope for: DAO Engineer
  • DAO Bylaws?
49

Agenda and Minutes for Meta-Gov Meeting, November 7th, 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

  1. General DAO Updates
    a. EPs (Executable Proposals)

    1. Karpatkey #3
    2. WG Funding

    b. Social Proposals

    1. Expand Terms for Stewards
    2. Stream for Service Providers

  2. Weekly Endowment Updates

  3. Open Discussion
    a. Role + Scope for: DAO Engineer
    b. DAO Bylaws?

Notes by @don.nie (New note-taker, please reach out if you have feedback on the notes)

1. General DAO Updates

Two Executable Proposals (EPs): Onchain voting which cause on action to occur voted on in Agora! Spread the word for participation please! If you know delegates, please make sure they know.

Endowment permissions to karpatkey

Voting for Endowment permissions to karpatkey is live.

Working Group Funding

October 2023 Working Group Funding is live!

Will payout grant recipients and ensure that discretionary funding exists to support working groups.

Two Social proposals: Social proposals are a temp check!

Expand Terms for Stewards

The Expand Terms for Stewards is here. Biggest change is expanding steward terms to 1 year.

Discussion:

A discussion occured on the pros and cons of the length being moved to 1 year. Was acknowledged that it takes time to step into a role and understand the workings of the DAO. 1 Year both ensures continuity and ensures stewards have enough time to fully get into their role. Also noted that if someone steps down as a steward it will trigger an immediate election.

Also discussed was the possibility of staggering elections in the future so the overhead for steward voting occurs every six months.

Stream for Service Providers

The Stream for Service Providers closes tomorrow!

Discussion

Broad discussion around needing to think through who has responsibility for the $3.6m allocated for service providers as well as the governance of allocating the funds.

Nick recommends allocation fall under ecosystem, but changes to the rules fall under Meta-gov. This also gets into having a proper state of bylaws. Nick also recommends, if this passes, the DAO should create a meta-set of rules for governing this allocation of capital. And this could be second set of bylaws after DAO Bylaws. (See notes on bylaws below)

Broadly acknowledged that there should be/ should have been more thinking aroud dates, espcially deadlines given to service providers for submissions.

2. Weekly Endowment Updates (@karpatkey)

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Waiting for stakewise to be on mainnet.
Good news: Published in detail payload decoder script here: GitHub - karpatkey/payload_decoder_v1 can chat through telegram. Idea is to input json and receive human-readable, auditable, description of transaction.

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Still increasing rETH exposure. Capital Utilization up from last week. Working to get to 100% capital utlization. Any questions feel free to ask

3. Open Discussion

Role + Scope for: DAO Engineer

Team wanted someone to help out Greg as felt was asking him to do too much.
Update: Testing out-sourced dev resources to support Greg 1x Day/week for 3 months as part of a trial.

DAO Bylaws

Discussion centered around the need to create Bylaws to help the DAO govern itself. This so everyone in the DAO knows the current state of rules, potential changes to rules, and has a broad set of rules to follow in the responsibilities of their job.

This GovNerd from Optimism was given as an example: RFP: GovNERD(s) · Issue #109 · ethereum-optimism/ecosystem-contributions · GitHub

Nick both recommended creating an RFP to have a service provider (legal) create a set of bylaws for the DAO to vote on. Nick agreed to create a simple RFP as an action item following the call.

A discussion also centered around the need for a role (part-time) to handle the governance of the bylaws.

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

50

Meta-Governance Meeting, Nov 14, 2023

  • Time: Tuesdays at 11am ET (3pm UTC).

Hi all- due to steward conflicts today, this week’s call will be CANCELLED.

51

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

  1. General DAO Updates
  2. Weekly Endowment Updates @karpatkey + Monthly @Steakhouse
  3. DAO Tooling
    a. Sablier
    b. Superfluid
    c. LlamaPay
  4. Open Discussion

Notes by @don.nie

1. General DAO Updates

2. Updates

Weekly Endowment Updates (@karpatkey)

  • 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: https://docs.superfluid.finance/superfluid/

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

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

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52

Agenda and Minutes for Meta-Gov Meeting, November 28th, 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

  1. General DAO Updates
    a. Name Normalization- update and new ETA
    b. RFP for Bylaw Creation: pls send to qualified candidates!
  2. Endowment Updates from @karpatkey
  3. Demo from Hedgey Finance (Continuation of Payments Tooling)
  4. Open Discussion

1. General DAO Updates

Name Normalization- update and new ETA

RFP for Bylaw Creation: pls send to qualified candidates!

2. Weekly Endowment Updates (@karpatkey)

Reports can be found here: https://reports.karpatkey.com/?dao=3&month=10&year=2023

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  • Capital utilization almost at 100%
  • Top left shows entire endownment
  • Bottom left shows ETH in the endownment ~80% of endownment value

3. Demo from Hedgey Finance (Continuation of Payments Tooling)

Lindsey Winder from https://hedgey.finance/

  • Focus on token vests, lock-ups, and streams
  • Recipients can view stream and claim as desired
  • Creating a stream creates a public dashboard for building transparency
  • If have a stream, can transfer entire stream unless revocable stream
  • Smart contracts have no admins and are non-upgradeable; smart contracts audited by ConsenSys Diligence
  • Integrations with tax/accounting tools. Can reach out to have downloadable reports

3. Open Discussion

Stream for Providers- standards + metrics Q&A with @avsa.eth

  • Recommend meta-gov oversees process and individual streams overseen by ecosystem, but can wait until next year to create a new working group to manage the Streams Initiative
  • Service providers should provide regular updates, but if updates stop stewards should intervene and stop stream payments.
  • Currently don’t know who stewards will be for next year, but want to let them develop own processes
  • Interval of updates could be minimum of 1 month to show proof of life, but stewards should dig in for more updates as needed
  • Goal is for projects to improve stability and grow ENS, but want to be lenient and allow all projects to be on the ballot

@lightwalker.eth

  • Google doc drafted for temp check on ENS affiliate/referral program: [Temp Check] ENS Referral Program - Google Docs
  • Please read and provide feedback!
  • Key challenge: Self-refund program where people exploit system for personal gain
  • Want ENS to grow, but registrations are trending down
  • Asking wallet teams how to get ENS featured, receptive but have busy roadmap. BUT having a revenue share program could move ahead in roadmap

Reminder that Steward nominations open 6 December and run until 9 December

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

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53

Agenda and Minutes for Meta-Gov Meeting, December 5, 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

  1. General DAO Updates
    a. Steward Nominations
  2. Weekly Endowment Updates (@karpatkey + @Steakhouse )
  3. DAO Tooling (@zcf @yitong from Agora)
  4. Open Discussion

1. General DAO Updates

Steward Nominations!

  • Consider applying or refer great candidates!
  • Nominate self in thread
  • Will provide time next week for nominees to speak at this call
  • Focus for next year: Formalize rules of the DAO. How we do governance core responsibility of Metagov
  • Project management / coordinating among many stakeholders/ comunication core competencies for the role

ENS DAO Newsletter Out

Town Hall Next Week

  • 13 December, 2pm EST

2. Endownment Updates

Weekly Endowment Updates (@karpatkey)

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  • Endownment up due to ETH price appreciation

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  • 20% of treasury in recently approved, new strategies

Question: What goal/strategy when ETH appreciating in value?
Answer: 7k ETH in stables to maintain runway. Want to discuss next steps during bull market. Endownment doesn’t trade/speculate on price. Goals: 1. Runway properly covered in stables. Will change based on new stream for service providers. (4 Years worth of runway) 2. Match liabilities with holdings in ETH.

Monthly Endowment Updates (@steakhouse)

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  • Runway bit shorter due to increased costs last month

Please look at Dune dashboard to dig in!: https://dune.com/steakhouse/ens-steakhouse

Slides and PDF here: ENS Financial Reporting by Steakhouse - #17 by Steakhouse

3. DAO Tooling (@yitong from Agora)

Yitong Zhang from https://agora.space

1. Presenting new governance workflow ideas from Figma mockups:

Goal: Transparency for all DAO members and agency for individuals to take idea from proposal to execution

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  • Proposal Creation from scratch.

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  • Suggest do temp check first on Discourse

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  • Draft a new concept, integrates with Snapshot

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  • Checklist so not lost in process and can request sponsorship

2. Presenting service provider stream oversight ideas from Figma mockups:

Goal: Transparent oversight and project tracking for service providers

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  • Aggregate Discourse threads in one location

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  • Post updates as proposer and interested party including ability to propose cancellation

Please reach out with any comments/ feedback!

4. Open Discussion

Please review EP4.9 for service provider stream applicants!

Update on timeline for multi-delegation strategy?

  • Mostly ready to go, minor changes to contract being made due to audit. Ready January at the latest

Notes by @don.nie

Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.

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54

Agenda and Minutes for Meta-Gov Meeting, December 5, 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

  1. General DAO Updates
    a. Meta-Gov Steward Elections are Live
    b. EP 4.9 Select Providers for Streams

  2. Town Hall this Wednesday @ 2PM ET! RSVP HERE: ENS Town Hall Q3-Q4 2023 · Zoom · Luma

  3. Weekly Endowment Updates (@karpatkey )

  4. EP4.10 Social Proposal: Transfer ENS Root Key Ownership to the ENS DAO

  1. Open Discussion

This is the last Meta-Gov Meeting of 2023-- It’s been a honor to contribute to the ENS DAO! Looking fwd to welcoming new stewards for 2024 :slight_smile:

5 Likes