1. Weekly Endowment Updates (@karpatkey + @Steakhouse )
- Endowment at ~$140M
- 28% stables and 72% ETH
- Yield was $82k, net yield was almost $65k
- Weekly commentary:
- Last week had the highest liquidation event of the year with over $1.7 billion in liquidations.
- Check out Looker Studio for more details.
2. General DAO Updates Section
2.1. Live proposals
- ETH Limo legal fees reimbursement Proposal is live.
2.2. Syndicate ($SYND) Airdrop
- Syndicate (https://syndicate.io/) airdropped their tokens to many reputable Web3 projects and communities, and ENS was one of them.
- A discussion was held around whether or not participation in governance in other ecosystems should be done.
- A similar instance was $SAFE tokens being delegated to the MetaGov wallet.
- However, there hasn’t been much interest from the ENS DAO community in how MetaGov should vote in Safe proposals with these delegated tokens.
- Delegating to a working group is considered the right approach, and MetaGov seems like a good fit for the safe tokens.
- Managing context, overhead, and political situations is highlighted.
- Uniswap has a working group that handles meta-governance on Arbitrum, which could be an interesting example to follow.
- Delegation could be given to a new working group or handled by the existing MetaGov working group.
- If the DAO wants to vote with the delegated tokens, input from the DAO is needed, and MetaGov is currently best suited for this.
- A clear process should be established for how ENS can participate in votes in other DAOs.
- Small discussion + a temp check around this would be great to have on a forum. @cap @estmcmxci
- Proposals in other DAOs typically have a limited timeframe (e.g., seven days), making it difficult to gather input and form an opinion.
- There are concerns about pushing voting decisions to a smaller group without broader DAO input.
- The SPK airdrop claim is coming, and the SPK token may have governance.
3. Open discussion
3.1. Organizational Metadata Update
- Collab with Ethereum Foundation.
- One new idea: Counterparty Verification
- Being able to verify that someone is a representative of a particular DAO would be powerful.
- The group is narrowing down its GTM strategy.
- Updates are posted on the forum.
3.2. New Tools
- A tool was created over the weekend to explore different ways to name contracts and use domains.
- The tool also explores different resolvers onchain.