Details
Time: Tuesdays at 10:00 am ET (2pm UTC).
Google Meet Link: meet.google.com/bms-grvp-jbw
Stewards:
- @5pence.eth (5pence.eth | X), Lead Steward
- @alextnetto.eth (netto.eth | X)
- @daostrat.eth (daostrat.eth| X)
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- Upcoming KPK PUR Proposal
- Upcoming Events in April
- SPP Applications - Cam
- SPP Voting Methodology - Avsa
- Upcoming Proposal Schedule
- Review our Security Council Test
- ENS Delegations and Token Distributions for Term 6
- Working Group Process Enhancements
- Open Discussion
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1. Weekly Endowment Updates (@karpatkey + @Steakhouse )
Karpatkey Endowment Update –
- ~$75M in assets (32% ETH, 68% stablecoins)
- APR at 3.3%
- TWAP below threshold due to ETH price drop
- Request for transparent fee reporting
- 99.9% funds allocation: ENS- Yield/Fee Tracking - Google Sheets
2. Upcoming KPK PUR Proposal
- Discussion around KPK permissions update
- TWAP handles ETH-to-USDC conversions.
- Safeguards are in place by having multiple multisigs.
- Upcoming PUR update to include Zodiac Roles modifier.
3. Upcoming Events in April
- SPP Applications - Cam
- SPP Voting Methodology - Avsa
- Upcoming Proposal Schedule
SPP Applications & Voting Process
- 25 applications; average request ~$420K.
- Ranked choice voting (Copeland method).
- No other DAO is using Copeland.
- Ranking candidates is a clear method.
- Agora visualization for transparency.
- Delegates have expressed confusion about the process.
- Concern: How to support non-funded projects in the long run.
Voting & Proposal Timeline
- Two-stage voting:
- Social votes (similar to service providers, working group funding).
- Executable votes (fund allocations).
Basic vs. Extended Scope Debate
- Delegates are unsure how to differentiate.
- Proposal to vote separately on scopes.
- Request for a way to differentiate between extended and basic scope.
- There should be two different options to vote for each service provider.
- Concern: Splitting votes may impact providers with two scopes.
Delegate Concerns & Adjustments
- Proposal for providers to update scopes within five days.
- Proposal for MetaGov Delegates to rework the entire process.
- Need clearer differentiation between basic & extended scopes.
- Calls, forum posts, and temp checks planned for feedback.
Funding Strategy & Future Adjustments
- Ensuring fair distribution (smaller teams vs. large budgets).
- Concern over “all-or-nothing” funding model.
- Proposal: Rank providers first, then select preferred scope.
Next Steps
- Neto to analyze the impact of voting structure changes.
- Notion for tracking strategy updates.
- Telegram group for real-time coordination.
- Future consideration: Separate budgets (2-year extended, 1-year extended, basic)
Read the AI summary/notes (unfiltered, unedited, does not guarantee accuracy, but still good).