Meta-Governance Meeting Agenda — 04/23/24
Meeting Info:
Stewards:
Agenda:
- Quorum
- Endowment updates
- Q1 Review
- Open Discussion
—
Requests to add an item to the agenda may be forwarded by direct message to @Meta-Gov_Stewards
Agenda and Minutes for Meta-Gov Meeting, April 23rd, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse)
- Q1 Review
- Open Discussion
15 Participants in Meeting (See list of participants at end of notes)
Zodiac RM v2: https://kit.karpatkey.com/ Drafting proposal, will share overview before goes to a vote. Makes auditing much simpler through the UI and lessens need for manual changes
2. Q1 Review
3. Open Discussion
Newsletter Published: ENS DAO Newsletter #59 — 04/23/2024
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
Agenda and Minutes for MetaGov Meeting, April 30th, 2024
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
- Upcoming Proposals
- Bylaws update
- Open Discussion
Agenda and Minutes for Meta-Gov Meeting, April 30th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse)
- General DAO Updates Section
a. Upcoming Proposals
b. Bylaws update
- Open Discussion
14 Participants in Meeting (See list of participants at end of notes)
- Tech team finishing ZRM v2 Migration Proposal, will post when complete during a voting window
2. General DAO Updates Section
Upcoming Proposals
- Alex Netto proposing giving the allow contract to call the cancel function on the timelock for a social proposal tomorrow
- This is the next step in safeguarding the DAO against a cryptoeceonomic attack whereby malicious users would take advantage of a lack of voting to pass issues against the best interests of the DAO
- Will allow DAO to remove the veto contract (DAO using voting power to vote against attacks) which was a temporary solution for a cryptoeconomic attack against the DAO. Con of this solution relies on voting power, which can be overriden by malicious user with more votes
- Jengajojo: While have reliable contributors today, want to create a DAO that outlasts contributors. Need to put measures in place that decentralize power, current proposal might not accomplish that with a security council
- Netto: Security council is a short-term solution to security issue
- Spike: Seems like a step backward in decentralizing the DAO
- @avsa.eth: Need to stop malicious attempts to hijack the DAO, want to evolve in the future so we can get rid of this proposal
- @5pence: All security council can do is stop a proposal, can’t create or remove proposals. Just to cancel a malicious activity
- Jengajojo: Any discussions around delegating tokens in DAO?
- @5pence: Yes discussions and thoughts about right way to do it are in the forum threads
- Please bring discussions to the forum when it is posted
- Another social proposal may be posted tomorrow related to ENS vesting requirements
Bylaws update
- Have received bylaws proposal, working group will review before posting on the forum for feedback
3. Open Discussion
Q1 Spending Summary posted from @limes: Term 5: Working Group Spending Summary - 2024 Q1
Q1 Meta-Gov Review from @estmcmxci: Meta-Governance Q1 Review: Initiatives, Outcomes, and Future Dir… — marcus
Spike: What were key considerations when deciding between streaming payment services for paying stream providers?
@avsa.eth: Superfluid allowed an open-ended stream that could just be topped-up and put more money in it, others didn’t
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
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Agenda and Minutes for MetaGov Meeting, May 7th, 2024
Details
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
- 2 Offchain Proposals live
- Open Discussion
Agenda and Minutes for Meta-Gov Meeting, May 7th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse)
- General DAO Updates Section
a. 2 offchain proposals live
- Open Discussion
14 Participants in Meeting (See list of participants at end of notes)
April Monthly Report
Link to Report:
ENS Financial Reporting by Steakhouse - #22 by Steakhouse
ZRM v2 Migration Proposal Link:
[EP 5.x] Roles Modifier V2 Migration & Updates to Endowment Permissions to continue managing endownment in non-custodial way and allow for more robust auditing
2. General DAO Updates Section
@avsa.eth sharing ENS DAO Risk Dashboard
- Shows cost to attack the DAO; changes due to fluctuations in ENS token price
- Link: https://dune.com/avsa/governancerisk
- Ways to reduce risk: Increase delegated ENS and approve Netto’s proposal for a Security Council with the authority to cancel malicious proposals: Snapshot
Two Current Snapshot proposals
- Security Council: Snapshot
- ENS Steward Vesting Proposal: Snapshot
- Ambiguous language around vesting in Snapshot vote, discussion around numbers
- Netto: All ENS disbursements to stewards will be vested on a linear 24 month schedule from the time of their appointment
- Netto: For the current term’s stewards, ENS vesting will be scaled retroactively based on the time since their appointment. ~37.5% of ENS will be distributed to stewards directly from the multisig, whilst the remaining ENS will then be deposited into each steward’s vesting contract
- Eduardo: Poorly written and ambiguous in language, needs clarification
- Marcus: Need to confirm with @James.eth what his intention was and have Meta-Governance provide a statement that clarifies the position
3. Open Discussion
Newsletter Released: ENS DAO Newsletter #60 — 05/07/2024
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
Agenda and Minutes for MetaGov Meeting, May 7th, 2024
Details
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
1.
2.
- Open Discussion
Agenda and Minutes for Meta-Gov Meeting, May 14th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse)
- General DAO Updates Section
a. Agora
- Open Discussion
19 Participants in Meeting (See list of participants at end of notes)
- Montly Report posted: $350,000 made in April using DeFi protocols, endownment fluctuates due to price of ETH
- Working on post to share shortly that will include additional analysis including breakdown of what assets gained under “APR”
- This passed proposal allows fees to come directly from endownment: Tally | ENS Proposal
- Working group will get ZRM v2 migration proposal up for vote no later than sometime in June
2. General DAO Updates Section
Kent Fenwick from Agora
Four intiatives working on:
- Proposal Lifecycle Management: Allow anybody to draft proposals, send to sponsor to review, and allow anybody with enough ENS to put up vote, notifications system and integrations into systems included
- Discussion around possibility of pooling ENS so multiple people could get together and put up for a vote
- @avsa.eth: Want to make it easier to put things up for a vote, but want to ensure that proposals going up have high chance of passing / create cost for malicious proposals
- Gas relay for free Agora Votes: Similar to Tally, abstract away costs of voting
- Visualize streams for vendors: Explore vendors, how much paid, etc.
- Gov Upgrade for Redelegation of Coinbase delegation: CB has large amount of delegated ENS tokens, difficult to delegate given how tokens are stored, proposal to CB to allow tokens to be delegated
3. Open Discussion
Veto Contract Discussion from @SpikeWatanabe.eth
- Example of malicious attack against DAO happening at Compound, understand security risks against DAOs
- But feels like a step backward from the multi-sig that was governing ENS in the past
- Suggestion: Delegate incentivization to stay informed about everything happening at the DAO
- Alex Netto: Finishing writing veto contract, next steps after deployed are around increasing DAO participation
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
Agenda and Minutes for MetaGov Meeting, May 21st, 2024
Details
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
- Funding Request Next Month
- Open Discussion
Agenda and Minutes for Meta-Gov Meeting, May 21st, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse)
- General DAO Updates Section
a. Funding Request Next Month
- Open Discussion
17 Participants in Meeting (See list of participants at end of notes)
- Planning to inlcude custom section of monthly report showing Ether performance vs. Endownment performance
2. General DAO Updates Section
Funding Request Next Month
- Will look similar to funding requests in March
- Objection to liquid distribution of ENS put into separate proposal
- Social votes at beginning of month, executables mid-month
3. Open Discussion
Newsletter out: ENS DAO Newsletter #61 — 05/21/24
@avsa.eth governance risk update: Rise in price of ETH currently makes governance attack unprofitable
Netto receiving auditor feedback on cancel contract that prevents DAO governance attack
@limes.eth: ENS has Safe tokens in a few multi-sigs in order of tens of thousands of dollars. Wonder if something want to do with these tokens
- Could do social proposal that elects delegator for votes
- @limes.eth will do research and figure out how best to move forward
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
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Agenda and Minutes for MetaGov Meeting, May 28th, 2024
Details
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
- Presentation from Andrey “We want to present the Goverland App (goverland.xyz)”
- Open Discussion
Agenda and Minutes for Meta-Gov Meeting, May 28th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse)
- General DAO Updates Section
a. Presentation from Andrey from Goverland App (https://goverland.xyz)
- Open Discussion
19 Participants in Meeting (See list of participants at end of notes)
- Want to show increase from interest earnings v. just increase of ETH price
- ZRM v2 up for possible social vote soon
2. General DAO Updates Section
Andrey from Goverland App (https://goverland.xyz)
- Your DAOs in one place: Discover, follow, and influence the DAOs you care about. Our app brings the entire DAO ecosystem to your mobile, making participation easy and convenient.
- Mission: Make it simpler to participate in DAOs
- Improve communication between DAO to DAO voters
- Integrated with Snapshot
- Similar to Boardroom but on mobile
- iOS and Mac (M1 chip) compatible
- ENS names shown in profiles
- Try out and please provide feedback on tg: @scherbovich
3. Open Discussion
Newsletter: ENS DAO Journal | ENS DAO Newsletter #61
@avsa.eth: Governance dashboard shows that risk factor of attacking the DAO is lowest in awhile mostly due to increase in the price of ENS. Good news!
Spike: Lots of tools to connect to voting but still think need to increase participation. Uniswap working on initiatives to increase participation through staking, think ENS should think about similar ideas to increase voting participation
- Discussion around how different incentive schemes can be gamed
- Jengajojo did research in the past: [Discussion] What an 'effective delegate' means to the ENS DAO
- DAO needs to consider what is considered “valuable” for DAO participation
- Please provide feedback in the thread
- Tally thinking about building liquid version of Unistaker model
- Will make forum post and get feedback from the community
- DAOs succeed when token holders receive a return on value/ value of treasury redistibuted
- Thinking about building a protocol where liquid stake ENS tokens, and voting power could be delegated to the DAO
- @estmcmxci:
- an effective delegate 1) understands + follows ens dao constitution 2) adds value as either developer (ens service provider), steward, or as a delegate 3) good represenative in the space
June proposals in consideration:
• Karpatkey Module Upgrade
• CANCEL role
• Meta-gov budget proposal
@limes: Gitcoin round almost completed, will create post once finalized
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
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Agenda and Minutes for MetaGov Meeting, June 4th, 2024
Details
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
Agenda
-
Weekly Endowment Updates (@karpatkey + @Steakhouse )
-
General DAO Updates Section
- Metagov Funding Request up for Social Vote Confirmation
- davey from x23ai
- Blcokful for DAO Tooling updates
-
Open Discussion
Agenda and Minutes for Meta-Gov Meeting, June 4th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse)
- General DAO Updates Section
a. Metagov Funding Request up for Social Vote Confirmation
b. davey from x23ai
c. Blockful for DAO Tooling updates
- Open Discussion
26 Participants in Meeting (See list of participants at end of notes)
- Endownment slide now showing requested information from previous meetings
- ZRM v2 will go to Tally as it’s an executable, possibly around mid-month; ELI5 on upgrade: Upgrading the ENS Endowment — m
May Protocol Economics
2. General DAO Updates Section
Metagov Funding Request up for Social Vote Confirmation
- Snapshot
- In March 2024, The ENS Metagov funding request for Q1/Q2 failed to gain the support needed to pass.
- The ENS Meta-Governance Working Group is now using the June 2024 funding window to request the Q1/Q2 funding to cover operations until the next funding window in September 2024.
- The Meta-Governance Working Group is responsible for providing governance oversight and supporting the management and operation of working groups through DAO tooling and governance initiatives as well as treasury management for the DAO.
Davey Truong from x23ai
- https://app.x23.ai
- Thanks for small grant from previous small grants round
- Index various sources of data from DAOs, uses LLMs to summarize
- Can subscribe to receive email updates
- Pulls in Snapshot data: visualize voting, when voting starts/ends, all votes in queue
- App recommends related content to user
- Indexes PRs from code repositories
- Rank communities based on activity from communities
- In future will have insights based on individual users
- Looking for any and all feeedback as trying to build useful tool for DAOs and delegates
- Telegram: @daveytea
Zeugh from Blockful
- Exploring AI potential in DAO governance
- Exploring human and AI coexistence in governance
- Build in transparent and interactive environment
- Current app allows a user to choose a “Biased AI” to delegate votes to. AI will vote based on
- dApp link: https://ai-delegate-dapp.netlify.app/
- Telegram: @zeugh
3. Open Discussion
Newsletter Out: x.com
Spike: Recommend create DAO onboarding call for new people to learn about the DAO, run by different stewards. Discussion around different ways to onboard new people into ENS DAO: format, cadence, focus & topics
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
Meta-Governance Meeting Agenda — 06/11/24
Meeting Info:
Stewards:
Agenda:
- Quorum
- Proposal results
- Labs updates
- Endowment updates
- Agora updates
- Bylaws Q&A
- Upcoming voting window
- ‘Office Hours’ Session / Kanban
- Open Discussion
Requests to add an item to the agenda may be forwarded by direct message to @Meta-Gov_Stewards
Agenda and Minutes for Meta-Gov Meeting, June 11th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Quorum
- Proposal results
- Labs updates
- Endowment updates
- Agora updates
- Bylaws Q&A
- Upcoming voting window
- ‘Office Hours’ Session / Kanban
- Open Discussion
14 Participants in Meeting (See list of participants at end of notes)
1. Quorum
2. Proposal results
- Meta-gov funding request passed
- Next step: Submit an executable proposal
- Thanks for participating in the vote
3. Labs updates
4. Endowment updates
Financial Update
- 2023 Operating Expenses: $8.9M
- 2024 will be higher given L2 build and service providers
- Daily net cash flow would be ~0 on on-going basis; endownment returns would cause to be positive
- Will write more on the forum and allow for time for discussion in meetings going forward
5. Agora updates
Kent Fenwick presenting two proposals, please read both posts and provide feedback before a temp check
- Flow that we think will enable folks to build and make proposals seeking sponsorship easier
- Proposal bonds allow anyone to bypass the proposal creation threshold of ENS which is relatively large, 100K ENS. Instead of needing to have that much voting power, a proposer can acquire less, say 500 ENS, or 1,000 ENS (configurable) and propose based on this lower threshold
- Still hard at work with Coinbase to free up hardware stored ENS and bring to the voteable supply
6. Bylaws Q&A
Please read forum post: RFP: Drafting of ENS DAO bylaws - #35 by estmcmxci
- The Meta-Governance Working Group has decided to adjourn the Bylaws process and reorient its approach
- To create a more cohesive framework, Alex Urbelis (@Alexu), ENS Labs’ general counsel, will contribute his expertise. This framework will narrow the project’s scope, focusing on the most applicable and explicitly defined aspects of DAO governance
- Initial framework will serve as the first iteration of the DAO Bylaws. It will be subject to a social vote proposing their adoption and will likely undergo amendments through future iterations
- Message with any questions: Telegram: Contact @estmcmxci
7. Upcoming voting window
- No date set
- On agenda:
- Social proposal for Security Council multi-sig and ability to call Cancel Function to protect DAO from governance attack
- Social proposal for eth.link litigation so DAO can approve ENS Labs reimbursement
- Karpatkey will submit roles module upgrade proposal
- Meta-gov budget executable
8. ‘Office Hours’ Session / Kanban
- Created FigJam to get new participants up to speed on Meta-gov and how operates
- Seeking feedback
9. Open Discussion
Requests to add an item to the agenda may be forwarded by direct message to @Meta-Gov_Stewards
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
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Agenda and Minutes for MetaGov Meeting, June 18th, 2024
Details
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
- Active Proposal - Confirm Members of Security Council
- Open Discussion
Agenda and Minutes for Meta-Gov Meeting, June 11th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
a. Active Proposal - Confirm Members of Security Council
b. Governance Risk Update
c. dHive.io Demo
- Open Discussion
19 Participants in Meeting (See list of participants at end of notes)
- Diversification might limit upsides, but also limits downsides
2. General DAO Updates Section
Active Proposal - Confirm Members of Security Council
- Proposal Here: Snapshot
- Following the successful passing of the EP5.7, this proposal aims to confirm the 8 individuals who will form the Security Council with the permissions defined in EP5.7. The Security Council will be responsible for protecting the organization from potential governance attacks by having the ability to cancel malicious proposals using the SecurityCouncil smart contract.
- Current large amount of abstain as possible members of council need to abstain from vote and they are large token holders, abstain counts toward quorum not towards yes. If quorum met then just a matter of yes vs. no
- Need to confirm list of names of security council before moving to an exectuable. Executable window will open once this proposal passes on Friday evening or Saturday
- 2 other executables in pipeline for launch this week: Funding for meta-gov and upgrade to DAO Funding contract v2
@avsa.eth on governance risk
- ENS price increase has caused DAO governance attack risk to go down, very low risk. Still important to have security council
Corina Pascu demoing Dhive.io
- Forum post with video here: [Feedback Request] Dhive.io - Governance Data Hub
- Striving to be next governance data tool aggregating on and offchain data, make simple to understand to regular users
- Officially indexed ENS data
- Notifications popular feature: Subscribe to updates to a DAO, decentralized notifications through push protocol
- Please test out and provide feedback in forum and vote for project in Small Grants: Public Goods Round 13 | ENS Small Grants
3. Open Discussion
Newsletter out: ENS DAO Newsletter #63 — 06/18/24
2x Forum posts from Agora, please read and provide feedback
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
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Agenda and Minutes for MetaGov Meeting, June 25th, 2024
Details
Time: Tuesdays at 9:00 am ET (1pm UTC).
Google Meet Link: meet.google.com/xxh-fmch-axe
Stewards: @5pence.eth (ENS Twitter) | @avsa.eth (ENS Twitter) | @estmcmxci.eth (ENS Twitter)
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
- Review of Upcoming Proposals
- Kanban discussion by estmcmxci.eth
- Open Discussion
Agenda and Minutes for Meta-Gov Meeting, June 25th, 2024
Details
Time: Tuesdays at 9am ET (1pm UTC).
Google Meet Link: meet.google.com/ihz-hdvb-bbq
Stewards: @5pence.eth (ENS | Twitter), @avsa.eth (ENS | Twitter), @estmcmxci.eth (ENS | Twitter),
New proposals are broadcast to Telegram
Agenda
- Weekly Endowment Updates (@karpatkey + @Steakhouse )
- General DAO Updates Section
a. Review of Upcoming Proposals
b. Kanban discussion by @estmcmxci.eth
- Open Discussion
19 Participants in Meeting (See list of participants at end of notes)
- Past few years run healthy cash-flow surplus
- 2024 expenses will be close to double of 2023, so will bring net cash flows to ~0
- Costs of ENS v2 is a growth expense, not necessarily will have those costs for all years ahead, also L2 could bring in more revenue
- Endowment returns will enable cash flows to be positive. Options: Increase AUM and Increase returns (increase risk)
- Can also cut parts of the budget to increase positive cash flows
- At some point could use endowment to finance operations (this is the end game)
- Finance Dashboard: https://dune.com/steakhouse/ens-steakhouse
- Discussion around feasibility of conducting streaming payments from the endowment
2. General DAO Updates Section
Review of 3 Upcoming Proposals
- All executable and onchain
-
- Assign permissions to allow the 8 security council to utilize the cancel contract multi-sig (malicious proposals)
-
- Roles module upgrade v2 setup permissions for the endownment
-
- Meta-gov funding request
- Plan is to open vote for tomorrow
Kanban discussion by @estmcmxci.eth
3. Open Discussion
- Security Update
- https://dune.com/avsa/governancerisk
50% attack on the DAO is currently not profitable, having a ROI of 70%. A social attack purchasing 5M tokens would be slightly profitable at the moment without the “CANCEL COUNCIL” being active
Notes by @don.nie
Stay up to date on active ENS DAO proposals by subscribing to the ‘notification-only’ Telegram channel.
