1. Weekly Endowment Updates - @kpk + @Steakhouse
- Weekly endowment report.
- Endowment at almost $90M
- 60% eth, 40% stables
- The total result is -372k USD
- Weekly commentary:
- IPS thread that needs comments.
2. Working Group changes
2.1. [Temp Check] Working Group Restructure
- There is a general desire to move quickly to address the current “not ideal” organizational structure.
2.2. [Temp Check] ENS DAO Coordination Layer
- This proposal aims to coordinate work across what were previously 3 working groups, with proposed stewards ensuring execution.
- Concerns and Debates:
- The proposal is seen as not aligning with previous discussions that favored reducing the number of working groups for quicker action, potentially “slowing things down even more” and creating a “bloated structure.”
- Concerns were raised about the significant workload on the proposed stewards and a perceived lack of a clear plan for how the outlined work will be completed.
- There was an expectation of a “more minimal” and “simplistic framework.”
- Public Goods Funding: The proposal outlines a process for public goods funding, involving initial coordination calls and dedicated expert calls, with stewards facilitating DAO proposals and snapshots to establish official positions.
- Conflict of Interest Discussions
- Thomas (Service Provider): Concern was raised that Thomas, as a service provider (unruggable), might gain unique insights or influence. Mitigation proposed includes radical transparency, public documentation of activities, and recusal from unruggable-related decisions.
- G (Endowment Employee): Concern about G’s employment with the Endowment creating a conflict of interest for coordinating fees and reviewing the Endowment. Thomas cited G’s financial knowledge and articulate presentation as valuable.
2.3. Path forward on Working Group elections for Term 7
- Blocked due to pending Snapshot admin role.
- Ballot Options: A ranked-choice vote is proposed, offering multiple options for the DAO’s structure, including continuing with three working groups, a Metagov working group only, Metagov plus Secretary, and the DAO coordination layer proposal.
- The DAO Coordination layer proposal will be included as an option in the Term 7 Proposal.
- It will be submitted as soon as possible.
3. Open discussion
- SPP3 Calls:
- These calls are ongoing and useful for answering questions. The next SPP3 call is scheduled for tomorrow at 10:30 AM Eastern Time and is listed in the public DAO/ENS calendar.
- Next Delegate All Hands:
- The next meeting will be a delegate all hands call. The agenda for this call will be published in the coming days, accompanied by a outreach to delegates to encourage attendance.