Details
Time: Tuesdays at 9:00 am ET (1pm 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)
- General DAO Updates Section
- New Service Provider Section in the Forum
- SPP Projected Schedule
- Parker from Decent
- Open Discussion
–
1. Weekly Endowment Updates (@karpatkey + @Steakhouse)
- Traditional markets dropped, NASDAQ had its worst day since 2022 due to economic concerns and tariffs.
- BTC dropped below 80k, ETH below 2k
- Endowment = $82.86M
- 70% eth, 29% stablecoins
- Capital utilization is close to 100%, current APR is at 3.7%
Strtageyt overview
PUR5
- Ready to bring PUR5 for onchain vote
- Waiting until the next vote around service providers.
TWAP update
- Stopped today.
- Sold 2,722 ETH so far at an average price of 2,606 USDC
- Suggestion to wait for TWAP execution to finish, reset parameters after 1-2 weeks if price remains below 2k.
Endowment fee adjustment
- Currently: charging 0.5% fee + 10% performance fee (monthly)
- Revised: waiving all management fees above $100M
- No change to the performance fee
- Changing monthly to quarterly fee payments
2. General DAO Updates Section
2.1 New Service Provider Section in the Forum
- New section on the forum for Service Providers!
- MetaGov’s Facilitation Plans for SPP2
- The application Submission process was explained.
- Review of applications will be done by MetaGov - to ensure eligibility and remove spam
- Each application has its own thread for discussion
Application template with instructions is available
- Template with instructions for applying is added on the forum
- SPs are encouraged to follow it but can also add/remove things from it.
- It includes instructions, examples, and a guide for applicants
- It also includes scope of work, basic and extended scope, two-year stream and past achievements (if applicable), and a 5-minute video.
Index thread Summary
- The goal is not to summarize the service providers to avoid misinterpretation.
- The goal is to present all information with easy access and links to each application.
- Shoutout to @daostrat.eth for a great job on this.
KPIs
- KPIs are important for the DAO to measure success, ROI, and performance.
- KPIs are expected to be shown quarterly.
Disclosures and conflicts of interest
- Question about conflict of interest, specifically whether service providers can vote for themselves, considering they receive ENS distributions.
- Overall sentiment appears to be that everyone should be able to vote for whoever they want since they’ve been trusted with ENS tokens as delegates
2.2 SPP Projected Schedule
Key dates:
- Application period opens today.
- Application deadline is March 31.
- Snapshot vote on April 1st for applicants needing 50k ENS backing.
2.3 Parker from Decent
- https://decentdao.org/
- Decent is an interesting DAO tooling organization.
- Decent’s software product was built to run an on-chain venture studio.
- The goal was to create a system that is decentralized in ethos and legal perspective.
- Decent is a platform for viewing and voting on proposals, integrating on and off-chain governance through Snapshot.
- It aims to consolidate governance actions for DAOs into a single user interface.
- Decent facilitates the creation of structure and accountability through organizations and subdaos.
- Decent supports various payment methods, including airdrops, streams, and custom token transfers, with service providers able to request payments directly.
3. Open Discussion
- Service Provider Strategy Forum event was announced by @estmcmxci
- More info about it here: Service Provider Strategy Forum
- Link to Luma event: Service Provider Strategy Forum · Luma