DAO meeting on Minting and Strategy 05 July 2021
Attendees: Bacon, Bagholder Mcfomo III, Dave, DefileZebra, Gnomeski, Lahcen-KH, Luxumbra.eth, metaverde, penguin, sackofjoy, kyle stargarden, Misanth, peth, mushashi13, B positive, chair, FearlessThompopson, Michiel, tenfinney, tatey180, rohekbenitez, durgadas, Wonfiddy,
Summary:
Agenda:
- Answer submitted questions
- LAST MINTING
- Can the [[initiatives]] in the future be discussed at least informally beforehand? Mentioning that "we should do them sometime" a couple of times over the span of 6 months can't be justified as discussed. The result of non-communicating such information in advance may result in many active members being caught by surprise.
- What are the exact weights that applied to each initiative and what is the timeframe? (since when and until when)
- Is there an exact number we are trying to reach for each initiative?
- What is the effect of new initiatives on the ongoing ones?
- If we voted on the first calculation unanimously, why was the second one enacted?
- Who controls the [[DoingGood]] wallet and how do we decide as a DAO what to do with the funds?
- There was a mention of MetaGame receiving ~15k $ from Gitcoin-- Why? Where? Was it in GTC or ETH? What can MetaGame do with that?
- Discuss minting sched
- Pinpoint issues
Discussion:
- Misanth will be recording
- Champions Ring is cancelled for today
- Goal: Do better next time
- 3 initiatives regarding DAOs
- What are the exact weights that applied to each initiative and what is the timeframe? (since when and until when?
- What are the exact weights?
- What is their timeframe?
- Same as XP, add initiatives
- 70% payout, then 70% of remaining then 70% of what’s left?
- If you are inactive- you still get XP if you have an active initiative
- What is the effect of new initiatives on the ongoing initiatives?
- It’s a dilution factor, does not generate XP
- Voting- If we voted on the first calculation unanimously, why was the second one enacted?
- Everyone voted for the first one A, but then when we enacted we enacted the second one?
- We reviewed the data here, together: https://docs.google.com/spreadsheets/d/1j96GQfaisKsPfsG9lHZqdqE9vhWI6eMe02GHbxzPMtg/edit#gid=0
- MetaCartel ventures didn’t have an address in one of the early proposals
- Difference was pretty nice for Misanth, +20 seeds different than vote
- MetaDreamer may be able to shine some light and help clarify?
- Note after the fact: did you catch that MetaDreamer AMA on SourceCred?
- Sunday is the switchover day for each week within SourceCred
- Penguin: In his absence, Penguin suspects that Metadreamer would say its all according to the SourceCred algorithm
- SourceCred graph may help provide some clarity
- Doing gud wallet
- Purpose
- Charity donations. Intended to be recurring, but they do decay
- Peth: Idea was to put it up in the voting channel and vote on recipients
- Will doing good expire or be perpetual?
- No idea of length of time remains
- Wouldn’t be better to separate out minting for initiatives for players?
- But we can’t mint outside of SourceCred without creating antipatterns that undermine the cred algorithm
- Doing gud fund
- Hard to factor in grants or things we want to spend money on if we cannot budget them
- DAO have common funds has been discussed, part of our bank built up through XP makes sense. Shouldn’t try to backfill. Single catch up payment
- Peth- Adding initiatives didn’t have impact on seeds minted
- Last question: 15k from gitcoin, was that matching and where did that go?
- First 15k was from matching a year ago
- In forum was mentioned ~40 Eth in DAO and the rest in the Balancer pool
- GTC received worth ~14k
- Needs to be some analysis done to determine how much was for each: Peth individually as an ambassador & moderation, and what is for MetaGame
- Penguin on bagsie’s remarks and past contributors
- Can we clean out initiatives- lifetime XP so they have rank but don’t still flow XP?
- Peth- Initiates added creates fixed amount of XP
- Reset XP? - no start a new counter for the season
- Blow out residual?
- Eliminate older entries from day-to-day entries
- Lifetime XP regarded, but also some seasonality
- Bagholder Mcfomo III-
- Observes that their cred to seed ratio seems low compared to the ancient players
- cred to Xp ratio is considered in the “balanced” allocation policy (25%)
- Penguin speculates that it may also have to do with weight of the graph
- building weights between graphs
- resetting seasonal graph would allow active players to establish the gravity rather then fitting you into old graph
- Michiel
- Doesn’t require source cred changes, just display page change
- Build on old code in github could revive an old player’s activity and flow some XP to someone inactive
Minting
- Timeframe? First day of the season, first day of the month
- Someone asked if we anticipate price pressure from more frequent minting (monthly/weekly)?
- Monthly should be good
- Gas would get even more expensive under weekly distributions
- xDAI migration?
- Yea, sure… except the Seed Contracts is already on mainnet.
- Some delay is preferable to streaming Seeds to help mitigate attacks
- Bagholder Mcfomo III made this detailed schedule proposal in the forum:
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https://forum.metagame.wtf/t/seed-minting-discussion-june-2021/708/3
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B has since figured out that the one anticipated issue in 2029 will not actually be any issue at all.
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Penguin: I don’t think we get to pick the day, SourceCred does its thing on weds
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Another thing is if we are making changes up to the second weds
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Seeds minted on the third weds 48-hour vote
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What’s happening between the 3 week and the other 4 weeks between the mint?
rd
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If I understood correctly, Bagholder explained that would be best to think of this as a 7 week schedule start to finish.
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Misanth- too late for this minting already
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XP cutoffs should be Sunday to align with SourceCred. Day 1 needs to be Monday
- Penguin
- Accounting
- Better accounting of our budget
- Expected budget of seed
- Propose next x minting will be X seeds