1. Weekly Endowment Updates (@karpatkey + @Steakhouse )
- Endowment at an all-time high!
- During the week it was at 155M
- Currently sitting at 147M
- Currently, the largest amount of stablecoins ever held – $46M
- Weekly commentary:
- Metamask announced mUSD
- 3.6k ETH sold, resulting in 14.3M stablecoins
- Finished PUR 6 and preparing forum post
- Need to do calldata review
2. General DAO Updates Section
2.1 OpenBox proposal
- The investment opportunity with OpenBox is closed.
- The committee is no longer necessary
- ENS relationship with OpenBox remains positive
2.2 Seal Org, Safe Harbor
- The overview here.
- Encourages white-hat activity.
- Preemptive measures in case a security breach occurs work to recover the stolen funds and assets.
- Only if there’s an active exploit, then white-hats are preauthorized to legally save funds for the DAO.
2.3 Partnership Dude - 10 min preso
- Works with Degov.ai
- An Onchain governance platform for DAOs powered by AI
- Demoed delegation and re-delegation methods on their platform
- Ability to delegate to an AI agent
- The AI agent votes based on the sentiment analysis on X and onchain voting results from other delegates.
- They have a goal to increase the active voting supply by 10%
- Looking for feedback.
2.4 Hats protocol
- Proposal: level up DAO operations with the Hats protocol
- Helping DAOs develop organizational structure onchain with roles
- New proposal (soon to be posted on the forum)
- Invited people to review and give feedback on the doc above.
- Proposal TL;DR:
- Using the Hats protocol and Safe integration to level up the DAO control and operational security of the Working Group multisigs
- Giving different levels of control to different actors across working groups.
- The proposal is perceived as streamlining activities, access controls, and permissions.
- Conflict of interest about the secretary being a steward and a secretary role.
- Hats would remove the need for the secretary to be on any of the multisigs because the DAO would always have full control over who the signers are.
- General sentiment is that the DAO is in favour of Hats experiment, but with lower-stakes implementations initially to test and prove use cases.
- Hats could improve recoverability and smooth steward transitions
- Contracts are immutable and all logic is stored in contracts
- One suggestion included hosting an open-source version for ENS
3. Open Discussion
Newsletter Improvements
- Resource for people new to the DAO
- Good for keeping track of everything happening in the DAO and ENS ecosystem in general
- New Format – see latest newsletter.
Accessor Dashboard
- Presenting next week