Agenda and Minutes for Meta-Gov Meeting, July 18th, 2023
No meeting this week. Hope everyone is having a fun + productive time at EthCC!
No meeting this week. Hope everyone is having a fun + productive time at EthCC!
Time/Day – 11pm ET (3pm UTC), every Tuesday.
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth | ENS Profile, @nick.eth | ENS Profile, @5pence.eth | ENS Profile
Read up on the minutes from prior calls above.
1. General DAO Updates
2. Endowment Update
3. DAO Tooling
4. Budget for T2
Time/Day – 11pm ET (3pm UTC), every Tuesday.
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
minutes by @184.eth
Read up on the minutes from prior calls above.
katherine wu, 5pence.eth, nick.eth, alisha.eth, aman deep, arcadian, coltron.eth, greg skriloff, limes,.eth, lyt.eth, makoto inoue, marcus (estmcmxci), santimnomics, sebastien derivaux, senad dilji, tomas, yungsb, 184.eth
@matoken.eth (ENS | Twitter)
ENS invalid name refund proposal
Dashboard Updates
@gregskril (ENS | Twitter)
DAO Tooling - Telegram Proposal Feed
@amanwithwings (ENS | Twitter) from DAOstar (Twitter)
Extend ENS DAO to EIP 4824
Summary: July Voting Window
Time/Day – 11pm ET (3pm UTC), every Tuesday.
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth | ENS Profile, @nick.eth | ENS Profile, @5pence.eth | ENS Profile
Read up on the minutes from prior calls above.
1. MG WG Budget Discussion
2. Endowment Update
Discuss new strategies
3. DAO Tooling
@bendi from Scopelift
PSA Telegram channel for Proposals is live! https://twitter.com/ENS_DAO/status/1685985910037647362?s=20
4. Reserved for Open Discussion
Time/Day – 11pm ET (3pm UTC), every Tuesday.
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Read up on the minutes from prior calls above.
Minutes by @184.eth
katherine wu, nick.eth, 5pence.eth, alisha.eth, ben difrancesco, danial jacobs, elbagococina, greg skriloff, limes.eth, lyt.eth, marcus (estmcmxci), sanitnomics, senad dilji, tomas, yungsb, 184.eth
@katherine.eth (ENS | Twitter) & @5pence.eth (ENS | Twitter)
MG Sponsorship & Events
Security Advisory
Endowment funds are unaffacted by current Curve situation
Karpatkey’s Dune Governance Dashboard
@bendi (ENS | Twitter) from ScopeLift
PSA Telegram channel for Proposals is live
Over time.
Time/Day – 11pm ET (3pm UTC), every Tuesday.
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth | ENS Profile, @nick.eth | ENS Profile, @5pence.eth | ENS Profile
Read up on the minutes from prior calls above.
Time/Day – 11pm ET (3pm UTC).
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
minutes by @184.eth
Read up on the minutes from prior calls above.
katherine wu, nick.eth, 5pence.eth, alexandro netto, alisha.eth, cap, coltron, evan moyar, greg skriloff, limes.eth, lyt.eth, makoto inoue, marcus estmcmxi, sebastien derivaux, tomas, yungsb, 184.eth
Submit ENS Feedback — ens.canny.io
Security Advisory Discussion
Financial Reporting
Discussion: Diversification
Passed - [EP 4.1] [Executable] Approve further actions and strategies for the Endowment
Karpatkey Monthly Reports
Agora Proposal Interface
Social Proposals vs Offchain Temp Checks
Discussion is related to the Governance Process an posting offchain Temp Checks to the ENS Snapshot Space where the purpose of the vote is to aide an Executable Proposal.
Executable Proposal for Invalid Name Refund
Karpatkey’s Dune Governance Dashboard
Time/Day – 11pm ET (3pm UTC), every Tuesday.
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth | ENS Profile, @nick.eth | ENS Profile, @5pence.eth | ENS Profile
Read up on the minutes from prior calls above.
General DAO Updates
Endowment Updates ( @karpatkey )
UPDATE: due to Google Meet technical difficulties, this week’s meeting will be CANCELLED. If there is anything urgent to discuss with any of the stewards, please ping my via forum DMs. I apologize for the confusion and will work to make sure this does not happen again next week.
Time/Day – 11pm ET (3pm UTC), every Tuesday.
Google Meet Link – meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth | ENS Profile, @nick.eth | ENS Profile, @5pence.eth | ENS Profile
Read up on the minutes from prior calls above.
__
Time/Day: 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Read up on the minutes from prior calls above.
minutes by @184.eth
katherine.eth, nick.eth, 5pence.eth, alisha.eth, elbagococina, eskender abebe, evan, greg skriloff, limes, maintainer.eth, marcus estmcmxci, senad dilji (senad.eth), tomas, vincent (zadok7), 184.eth
Tomas | @karpatkey gave the weekly update.
Discussion continued into diversification.
No items this week.
MetaGov Grants/sponsorships
Revisited discussion on Scopelift – improving Governor Contracts
Discussion into Vulnerability
Multi-Delegate Token Contract
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
katherine.eth, nick.eth, 5pence.eth, alisha.eth, coltron.eth, cory freeman, david phelps, evan moyer, jeff lau, limes.eth, makoto inoue, mailchain “verycozy.eth”, marcus estmcmxci, santinomics, tomas, vegayp, yungsb, 184.eth
minutes by @184.eth
Eth NYC Happy Hour
Tomas | @karpatkey gave the weekly update.
Discussion into staked ETH diversification
No items this week.
Discussion on Working Group signing processes
Discussion on ENS Labs 2022 Financials
Invalid Name Refund Proposal
David Phelps from JokeRace.xyz Twitter
JokeRace is the contest platform for communities to make, execute, and reward decisions. Contests enable communities to submit responses to a prompt and voters to vote on their favorites—and for anyone to win rewards if they win. Use cases include bounties, hackathons, grants, DAO governance, elections, etc. Our completely redesigned v3 replaces token-voting with on-chain allowlists to let communities of any size customize who can submit, who can vote, and how much voting power they have.
Cory Freeman from Maple Finance
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
katherine.eth, nick.eth, 5pence.eth, coltron.eth, dr3a.eth, elbagococina, estmcmxci, evan moyer, greg skirloff, khori whittaker, lightwalker, limes.eth, santinomics, tomas, tyler caldonia, 184.eth
Notes by @184.eth
ENS NYC Happy Hour
Tomas | @karpatkey gave the weekly update.
Discussion into Second Tranche of Endowment & strategies.
Discussion into staked ETH diversification.
Added: Discussion of Core Team Transitions
Discussion on ENS Labs 2022 Financials
Agora Demo next week
Ben from scopelift
This was pushed to next week.
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Notes by @184.eth
katherine.eth, nick.eth, 5pence.eth, charlie feng, coltron, elbagococina, gregskril, jeff lau, kent fenwick, limes.eth, maintainer, marcus estmcmxci, santinomics, sebastien derivaux, senad dilji, talya erdfarb, tomas, tyler caldonia, yitong zhang, 184.eth
[EP 4.x] [Executable] Fund the Endowment (second tranche)
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Notes by @184.eth
katherine.eth, nick.eth, 5pence.eth, eskender abebe, cap.eth, elbagococina, evan moyer, gregskriloff, limes.eth, marcus estmcmxci, santinomics, slobo.eth, 184.eth,
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Notes by @184.eth
katherine.eth, nick.eth, 5pence.eth, limes.eth, charlie feng, coltron.eth, greg skriloff, marcus estmcmxci, slobo.eth, tomas, vegayp, yitong zhang, 184.eth
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Notes by @limes
katherine.eth, nick.eth, 5pence.eth, limes.eth, charlie feng, coltron.eth, greg skriloff, marcus estmcmxci, slobo.eth, tomas, vegayp, 184.eth, elbagococina, Eskender, ETH Daily, Griff Green, James Waugh, Jordan Sutcliffe, Lightwalker.eth, Pablo Villaba, Santinomics, Sebastien Derivaux, Zeptimus, Dave Montali, Jeff Lau, Lata Persson
A conversation regarding [EP4.2][Executable] Fund the Endowment (second tranche) commenced as several members of the ENS community have voiced concerns around Karpatkey’s investing stratagies that use LIDO’s stETH token. Their concerns are that LIDO has too much ether compared to the percentage of the total staking network. As of today, October 4, 2023, LIDO is staking 32.26% of all staked ETH.
Note: Karpatkey’s detailed next steps and presentation can be found here.
Pairwise | @Griff
Pairwise is a voting tool that takes the complex task of weighing decisions with many variables (Such as choosing between small grants projects) by simplifying the decision to many “This-or-That” decisions between two projects. After answering these series of these decisions, you receive a proposed ranked list that you can then submit!
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | X), @nick.eth (ENS | X), @5pence.eth (ENS | X)
Notes by @limes
katherine.eth, nick.eth, 5pence.eth, limes.eth, Cap, charlie feng, coltron.eth, greg skriloff, marcus estmcmxci, slobo.eth, tomas, vegayp, 184.eth, ETH Daily, Pablo Villaba, Santinomics, Sebastien Derivaux, Jeff Lau, Ben DiFrancesco, David garcia
frENS Day is the premiere event on the first day of DevConnect: Istanbul. The goal is to create a platform for collaboration amongst technology leaders, open-source enthusiasts, governance experts and forward-thinking organizations as we bridge Web2, Web3 and beyond.
Buy a ticket here
Voting on small grants is expected to commence next week
@Stakehouse | Sebastien Derivaux (X)
Stakehouse made their September 2023 Update and presented on the call.
@Karpatkey | Tomas (X)
The ENS endowment sits at $53M with the recent funding of the second tranche
The next steps for karpatkey are deploying the funds received from the second tranche with the following priorities:
Scopelift (X) | @Ben DiFrancesco (X)
Scopelift is a software engineering consultancy business focused on crypto that wants decentralized governance to thrive. Ben brought a potential attack vector with the OpenZepplin Governor Contracts, which ENS uses for their governance contracts, to the attention of the Metagov call, specifically citing multi-block MEV (not live yet, just hypothetical) as a case study.
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | X), @nick.eth (ENS | X), @5pence.eth (ENS | X)
Notes by @limes
nick.eth, 5pence.eth, limes.eth, charlie feng, coltron.eth, greg skriloff, marcus estmcmxci, slobo.eth, tomas, Dan, 184.eth, Santinomics, Jeff Lau, Senad
The movement of funds in regards to [EP4.3]“Refund Invalid .eth Names” has been executed and is in process. The secretary and metagov team expect that invalid name refunds will occur this week.
Budget requests between the three working groups are expected to be posted inside the October funding window. These requests are being drafted for the purpose of 6 months of runway so that stewards are not immediatley prompted to request funds in the first days of their term.
@Karpatkey | Tomas (X)
Karpatkey has been executing upon their goals of increasing the rETH position and reducing the stETH position within the ENS Endowment
The expected release of the monthly report is today, October 17, 2023.
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
Notes by @limes
Voting for Working Group funding proposals is live on Snapshot.
Small grants voting is live! Anyone who has participated in small grants voting in the past has an ENS voting card NFT. Accounts with an ENS voting card NFT can allocate a total of 100 points across their favorite projects.
The invalid name refund proposal payment is expected to go out at the end of this week. It is currently undergoing a review and validation process.
Karpatkey is in the process of adding rETH strategies to the treasury as seen the Aura category denoted in teal below
Executable votes to update the strategies will be going live later this month.
Agora builds end-to-end governance software for some of the biggest DAOs (They built an ENS onchain voting and proposal platform).
Agora wants to help build the next 100 years of ENS and have identified four main goals to help make this viable.
Agora plans to add structure to all parts of the governance structure:
The Agora <> ENS partnership looks to provide the best example of all DAO operations. Look for future releases in the coming months.
Notes by @estmcmxci
Participants:
184.eth, 5pence.eth, coltron.eth, estmcmxci.eth, ethdaily, gregskril.eth, jefflau.eth, katherine.eth, nick.eth, santinomics, slobo.eth, tomas, vegayp.eth, yitong zhang
Small Grants:
Executive Proposals:
Name Normalization Refunds:
Budget Transparency:
—
Karpatkey Updates:
—
—
—
Note on the root-key:
The ENS DAO currently holds ownership of the .eth registrar and has the ability to update the control of the “namewrapper” among other functionalities. However, the core ENS root name remains under the control of the original multi-signature system. This system can create new Top Level Domains (TLDs) and adjust controls for existing TLDs. The notable exception is .eth, which is permanently set and cannot be altered. A function exists that allows locking of any TLD permanently, but it has only been applied to .eth. The primary reason to make any changes to this system is to update reverse resolutions. Moreover, the Labs team is prepared to support primary domain names on Layer 2 solutions (L2s).
EPs:
Social Proposals
Weekly Endowment Updates
Open Discussion
Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @katherine.eth (ENS | Twitter), @nick.eth (ENS | Twitter), @5pence.eth (ENS | Twitter)
General DAO Updates
a. EPs (Executable Proposals)
b. Social Proposals
Weekly Endowment Updates
Open Discussion
a. Role + Scope for: DAO Engineer
b. DAO Bylaws?
Notes by @don.nie (New note-taker, please reach out if you have feedback on the notes)
Two Executable Proposals (EPs): Onchain voting which cause on action to occur voted on in Agora! Spread the word for participation please! If you know delegates, please make sure they know.
Voting for Endowment permissions to karpatkey is live.
October 2023 Working Group Funding is live!
Will payout grant recipients and ensure that discretionary funding exists to support working groups.
Two Social proposals: Social proposals are a temp check!
The Expand Terms for Stewards is here. Biggest change is expanding steward terms to 1 year.
Discussion:
A discussion occured on the pros and cons of the length being moved to 1 year. Was acknowledged that it takes time to step into a role and understand the workings of the DAO. 1 Year both ensures continuity and ensures stewards have enough time to fully get into their role. Also noted that if someone steps down as a steward it will trigger an immediate election.
Also discussed was the possibility of staggering elections in the future so the overhead for steward voting occurs every six months.
The Stream for Service Providers closes tomorrow!
Discussion
Broad discussion around needing to think through who has responsibility for the $3.6m allocated for service providers as well as the governance of allocating the funds.
Nick recommends allocation fall under ecosystem, but changes to the rules fall under Meta-gov. This also gets into having a proper state of bylaws. Nick also recommends, if this passes, the DAO should create a meta-set of rules for governing this allocation of capital. And this could be second set of bylaws after DAO Bylaws. (See notes on bylaws below)
Broadly acknowledged that there should be/ should have been more thinking aroud dates, espcially deadlines given to service providers for submissions.
Waiting for stakewise to be on mainnet.
Good news: Published in detail payload decoder script here: GitHub - karpatkey/payload_decoder_v1 can chat through telegram. Idea is to input json and receive human-readable, auditable, description of transaction.
Still increasing rETH exposure. Capital Utilization up from last week. Working to get to 100% capital utlization. Any questions feel free to ask
Role + Scope for: DAO Engineer
Team wanted someone to help out Greg as felt was asking him to do too much.
Update: Testing out-sourced dev resources to support Greg 1x Day/week for 3 months as part of a trial.
DAO Bylaws
Discussion centered around the need to create Bylaws to help the DAO govern itself. This so everyone in the DAO knows the current state of rules, potential changes to rules, and has a broad set of rules to follow in the responsibilities of their job.
This GovNerd from Optimism was given as an example: RFP: GovNERD(s) · Issue #109 · ethereum-optimism/ecosystem-contributions · GitHub
Nick both recommended creating an RFP to have a service provider (legal) create a set of bylaws for the DAO to vote on. Nick agreed to create a simple RFP as an action item following the call.
A discussion also centered around the need for a role (part-time) to handle the governance of the bylaws.