Community Call Feb 11, 2022
Type
cadence
Flow
Date
Feb 11, 2022
Note-taker
Ssasho0 🏴#7608
Attendance
Last Edited Time
Feb 12, 2022
Last edited by
Community Call #39 - February 11, 2022
Twitch Recording: https://www.twitch.tv/videos/1294590904
Announcements
Speaker: 0xLucas
- Claim your POAPs one hour after Community Call. should be typical /claim event on Discord
- /poap claim
- Or send GM to DEGEN in DM to get POAP in DM
- Old POAPs, including this one, if missed might still be claimable
- Grants Committee: no funding announcements this week, but you can submit through the notion if your projects needs funding
- Governance & Forum Posts
- Coordinape is live! We are in the allocation period. No action for guest passes. L1 and L2 go and Allocate
- The allocation period is Feb 9 - 14
- Sign up next week is for the month of Jan
- Announcement Information
- Olympus Pro - We can buy tokens at a discount and this will help the DAO treasury. Discounts change daily depending on demand
- SUSHI LP Tokens: 6% Discount
- Balancer LP Tokens: 6% Discount
- TVB (Total Value Bonded): $707K (Sushiswap) + $216K (Balancer)
- Balancer Pool -
- Polygon Pool Live! - Here (50% APY + Access w/ 4200 BPT tokens)
New Community Call(CC) Format!
- 1-10min
- Governance & Admin Updates
- 10-35 min
- Hype News from Project and Guild Leaders (4-7 updates)
- 35-55 min
- Keynote speaker/roundtable facilitated by the moderator.
- 55-60 min
- Closing thoughts from the moderator.
HYPE NEWS
NFT Showcase
Speakers: Kouros
Metafactory BDAO Beanie
Speaker: MW
keep your head warm with this high-quality beanie. It will be available perpetually online and you can pick it up at ETH Denver
The RUG update
we are on The Mirrior’s spotlight!
Bankless Consulting
Speaker: Ryan (RA)
3 Week Update:
$300k of proposals out the door during the week and ~25 more to go out next week!
75 New contributors onboarded to Bankless consulting
Building a new Grants Team, focused on finding grants opportunities and hopefully helping other guilds to find external clients.
Major needs from our clients:
- Community Building
- Development
- Marketing
- Social Media
- CBDC Advisory
- Governance
Podcast Hatchery
Speaker: RedCrystalDragon
Podcast Hatchery is looking at a great Season 3 so far!
- Check out https://rss.com/podcasts/banklessdaoepisodezero/ for the Episode Zero channel where new episodes from the Hatchery’s family of podcasts are broadcast.
- Making Bank looking for Guests and Contributors. You can apply on the link bellow
- https://tally.so/r/wzvjaw ← Application Form
- Bounty Hunter has an episode in the Episode Zero incubator channel! 3 more in the wings to be ready soon!
- See the BH channel in the Bankless DAO Studios discord for information.
- To join Podcast Hatchery as a support person, please grab a Podcast Hatchery Tag and join us at one of our three weekly meetings, and pitch in where you can!
- https://tally.so/r/wzvjaw ← Application Form
- To create a podcast, contact us through the application process in our Start Here channel for information.
- Older applications can be revived! Check it out and revive it, you may be the next rockstar!
- The process through the Hatchery is intended to make sure we have a great family of podcasts within the DAO making amazing stuff!
https://tally.so/r/wvW78n ← Application Form
Fight Club
Speaker: tesa_daa
- Shout outs to the education team for another great webinar on VC deal terms
- Kahuna, fi_bo, liza_ch, renato_m, stepX
- ETH Denver IRL meetup, we will be there!
- UltraSound Merch dropping FC shirts
- FC shirts included in the FC NFT sale. Every NFT comes with the shirt
Crypto Sapiens
- Crypto Sapiens is a media partner at ETHDenver.
- We will be recording 5 minute segments with projects of all sizes for one BIG episode that we are producing on location.
- If you know of anyone who will be in attendance and wants to participate, please have them fill out our form. https://tally.so/r/3lZkpn so we can feature it on the podcast! It will be a very big episode :)
- Ornella has designed a beautiful sticker to giveaway at the event.
- Will there be a matching POAP? 😈
- Our latest episode is dropping today with Opolis and ETHDenver Founder, and Executive Community Steward, John Paller, and Joshua Lapidus.
- Listen on your favorite podcast player or on https://cryptosapiens.xyz
- New domain, who dis?
- Visit CryptoSapiens.xyz to check out our latest podcasts and archive.
- We need your stars! Please give the podcast a 5 star review wherever you listen to your podcasts. ⭐️⭐️⭐️⭐️⭐️ This raises the visibility of the Podcast and BanklessDAO
- Follow our progress on Notion: https://bankless.notion.site/Crypto-Sapiens-Podcast-a8f2c792bf964463977e3c2f4cd15c17
Bankless Academy
🚀 - Public Launch today! 2 new programs to onboard the next fleet of Web3 explorers - “Wallet basics” and “Intro to DeFi”
⧫ - [Bankless Academy] X [ETHDenver] Airdrop, Thurs 17th!
🤝 - We’re looking for a [Senior Product Manager]
Education Guild
Speaker: ManuelMaccou
Edu Guild is off to a strong start! 💪
2 sessions completed so far
- Web3 Security Fundamentals
- Issuing POAPs
Upcoming sessions
- Second Web3 Security Fundamentals session - Date TBD, there is a little added bonus at the end :) come and check it out
- Basic Instructional Design - Feb 21 and 22. Sesh event coming soon
- Investing in Cryptocurrencies - Date TBA
Multi-modal books
- Ongoing to repurpose and reformat educational material to deliver more value for all learner types (visual, auditory, reading, etc) 2 days event, watch out for it
Intro Quest coming soon! End of February
Focus on cross-collaborations. We have a workgroup that is dedicated to finding opportunities to work with other guilds and projects across the DAO. If you are leading educational initiatives, you probably already heard from us. But if you’re starting a new initiative, please reach out! Let’s share resources and work together.
We’re looking for more educators! If you have Web3 knowledge to share, join us! #edu-general in Discord.
Keynote / Round Table Discussion
Speaker: 0xLucas
Value alignment
Answering:
How do we optimize our activity to accrue value to the DAO and build self-sustainable projects?
There are two types of projects:
Self-Sustaining Projects
NFT Showcases, MetaFactory, The Rug, etc.
- Revenue Sharing
- Buy Backs - instead of sending to the treasury, we are buying back BANK to the project balance sheet.
- Tokenize → Member Benefits. Some projects may tokenize and airdrop. This is something that may be on the table for some projects
Non-Self Sustaining Projects
Bounty Board, DEGEN, etc.
Large contributors base, but there is no clear revenue being generated and they are not self-sustaining. The following steps may be taken
- Build MVP
- Find PMF (Product Market Fit)
- Raise funding from outside the DAO
- Build team
- Scale product
- Become self-sustainable
A good example is DAOPunks that WL all BDAO members. This is largely unexplored area. The question is “Why should a project align with Bankless DAO and provide to the community and/or the treasury?”
The answer is:
- Bankless Community is large!
- 21.3K on Discord, 40K+ followers on Twitter, etc.
- The community will support projects that align with the DAO
- It helps their bags.
- Provides a large starting customer base for all projects
- Sell and test products, etc.
Projects should do the following maybe:
- Reach self-sustainability
- Enact buybacks with 50% of profits
- Provide liquidity (50% BANK, 50% ETH)
- Sell it to the DAO treasury on Olympus Pro
This will be an excellent mechanism that will contribute to the DAO and the projects
Discussion:
Icedcool: there is a difference btw value accrual and revenue generation. One of the fastest ways for projects to value align is the BANK token. Projects can even buy back BANK, provide it to the treasury and then get the same amount from the treasury back.
0xLucas: We need to explore all options together and found out the best way forward
GUEST PASS VALUE ALIGNMENT
- We have over 1,200+ guest passes on the server, may of them awesome contributors, but they don’t accumulate BANK and just renew the guests passes
Potential Solutions
- Reduce the threshold
- Sell Guest Pass NFTs
- Change threshold to PoK (with LP Tokens)
- Others?
Jameswmontgomery: idea to introduce a limit of guest passes for each guild per season. So guilds may sponsor only a certain amount of people. Here is James WiP brainstorm document (shared in CC chatter) https://docs.google.com/document/d/1q96FXA5yo0GoKOSi88Q0tXJoxD_mk9oDjoZNKv8887o/edit
Links: guest pass renewal is a problem. There are people that come and leave never to be back, but there are people that stick, show value, and still need to renew their passes regularly. There should be a mechanism to avoid this.
JENetics: many guest passes use their BANK to live, they are full-time DAO. They are great contributors and we can’t lose them. They are not making enough BANK so they can live from BANK but also keep some for the L1 level. ‘The people that stay and contribute are very important for the DAO.
We need to look at the tokenomics and make it useful and appealing for people outside of BanklessDAO!
Icedcool: We are exploring some ideas like time locking BANK and that may be a way to reach L1 with lower amount of BANK
Links: Many projects like consulting are trying to find a way of making BANK appealing to outsiders.
NFThinker: Maybe we should look more about the time locking and peopel being paid but also being rewarded for active participation over time
Humpty: Maybe we can tie some NFT utility, where you can get an NFT at the end of the season for your time spent and BANK