🏛️📞 MetaGov Working Group – 2025 Meetings: Tuesdays at 2pm UTC (Currently 10:00 am ET)

🗳️ Meta-Governance Meetings
35

Details

Time: Tuesdays at 10:00 am ET (2pm UTC).
Google Meet Link: meet.google.com/bms-grvp-jbw

Stewards

Agenda

  1. Weekly Endowment Updates (@karpatkey + @Steakhouse )
  2. General DAO Updates Section
    1. SPP Discussion
    2. 2 new proposals
  3. Open Discussion

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Notes :memo:

1. Weekly Endowment Updates (@karpatkey + @Steakhouse )

  • 94M endowment this week
  • Last week, stablecoins were around 32% of the portfolio, now 25.7% due to ETH price appreciation
  • APR is a bit low – rebalancing this week to kick it up again
  • Funds are almost entirely deployed into liquid strategies
  • Migrated from DAI to USPS
  • Anchorage has acquired USDM and will wind down operations.
    • Will remove USDM on the next permissions update
  • The April report will be published this week
  • Around 3.1k ETH had been sold via TWAP

2. SPP program overview

  • Link (here) to the manual calculation of the results
    • Providing legitimacy and transparency
  • Next steps for SPP:
    • Talking to Urbelis and signing ToS with Service Providers
    • Doing ‘allowance proposal’ to kick off new streams for SPs
  • New proposal going onchain soon – Funding for Working Groups
  • These two will be submitted and executed together
  • Metagov will retroactively reward all contributors who helped make this program and vote move forward, and go smoothly.
  • MetaGov will collect feedback from applicants and participants of the SPP to improve it for the next season.
    • An anonymous feedback mechanism was suggested.
  • Need to optimize the SPP for ROI for the DAO and results for ENS
  • Thomas’s idea of a committee with market understanding, capital allocation expertise, and technical know-how is mentioned as a potential future improvement.
  • Important to set a direction/mission for the DAO and ENS protocol
  • Delegate experience, redelegation, or “retirement” was discussed, highlighting that most active delegates are the best voting body for ENS DAO.
  • All undelegated votes pose a governance risk.
  • A culture of open talk, feedback, and criticism needs to be created where people talk openly and even attack proposals, highlighting concerns and areas for improvement.
  • Incentivizing delegation and rewarding active delegates with more votes is crucial.
  • Many other ideas and suggestion were bounced around such as:
    • liquid democracy,
    • filtering applications to decrease the time investment,
    • ‘conviction voting’ to show if they are happy or not happy with how the funded project is doing,
    • panel of experts to go through applications and allocate funding,
    • private voting,
    • and many, many other ideas…
  • All of these will be collected through feedback forms and upcoming forum discussion posts, and temp checks, and put up for further discussion.
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