1. Weekly Endowment Updates - @kpk + @Steakhouse
- Endowment at $116M
- 62% in ETH and 38% in stables
- Weekly commentary
- PUR7 is live
- Monthly report will be live this week
- BTC under pressure, ETH better, ENS losing around 6%
2. ENS Retro next steps
- Eugene is working on the proposal, aiming to post on the forum soon.
- Timeline concerns:
- Hoping to get it onchain quickly.
- Avoid having a vote live during Christmas.
- Ensure Eugeneโs post has enough time on the forum before on-chain vote.
- Collect feedback from the community regarding the intent of the retro.
- Post feedback on the forum.
- Vote Timing Options
- Option 1: Rush the vote to be before Christmas.
- Option 2: Have the vote in the first week of January for more time
- Pushing onchain vote for the retro in the first week of January could make it less rushed.
3. Collective Working Group Funding discussion
- Tactical items need clarification: stewards, terms, comp.
- Nick suggested removing comp from the executable.
- Thereโs half a million dollars in working group wallets
- Social proposal could clarify stewardship
- Temp check: Continue paying stewards at the same rate
- Constitution states there need to be three signers and one secretary
- Need clarity on whether all nine stewards will continue into January
- Break into 2 proposals:
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- Retro proposal: clarify, fund, execute in January.
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- Stewards and working groups proposal: clarify, fund, execute, but start with a temp check to clarify stewards, roles, dates, funding, and move onchain after.
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4. KPK Permissions Update (is live onchain)
- Go vote here.
5. Open Discussion
- Thomas wrote a post about the current state of the DAO to open a conversation, but there hasnโt been much participation on the forum.
- There is little engagement with the ENS forum and ecosystem in general
- There are tradeoff between decentralized organizations and traditional organizations
- It is important to optimize for decentralization in DAOs.
- Itโs difficult to comment on how to make things more efficient without clarity from ENS labs on the technical development of the protocol.
- Those being paid who are not participating is not good.
- The timing of the post may not have been ideal due to other events happening.
- OpCo proposal suggests full-time paid people with aligned incentives to represent the DAO.
- Contributors are acting on behalf of the DAO, assuming support unless explicitly opposed.
