meeting notes 5/6/22
Date
May 6, 2022
Attendees
Note taker
Type
Property
Manuel updates:
Podcast Hatchery with GSE
- Droste scheduling, everyone on board to record.
Humpty wants to schedule a time to have a discussion with GSE about online ID and reputation.
Reference links:
- Firming up Governance forum post: https://forum.bankless.community/t/draft-3-final-firming-up-governance/2155
- Projects repo: https://www.notion.so/bankless/80fe320424e94710833824ececa691dd?v=eb96fba68a614a7a87e03588116f6971
Survey results response categorizations:
56 responses so far.
improved compensation
multi year plan
Justice: Handbook needs to be fleshed out, not many people adding input.
Joe: Should we set a meeting to fill out the survey as a group? response session.
Justice and Manuel agree.
Manuel thinks they should be there to answer questions but not let the room overly influence each others answers.
Building out categories of “how to increase value of BANK”
- Utility
- Supply
- Partnerships
- Social
How do we keep valuable people?
- compensation
- Stable coins?
- competitive salaries
- responsibility
- create a track to leadership
- clear definition of roles
- staked leadership roles
- or staked project participation?
- an incentive mechanism where to join the team you have to stake BANK to be on the team.
- membership levels
- L2 is the only membership level that requires active contribution. More roles around contribution should be formed.
- Justice believes stable coins not as important as competitive salaries. Awkward social dynamic between DAO understanding of leadership and decentralization across cultures.
- How do we ensure efficient project delivery?
- staked leadership roles
- or staked project participation?
- an incentive mechanism where to join the team you have to stake BANK to be on the team.
- State transparency; at any given point anyone can track project workflows and status.
- projects repo on notion is out of date and not being actively used. This is our only attempt at project transparency
- This could be a chance to educate people on better use.
- Dework could tie in directly to this.
- https://www.notion.so/bankless/80fe320424e94710833824ececa691dd?v=eb96fba68a614a7a87e03588116f6971
- Action items:
- Justice working on the handbook and forum definitons.
- Manuel and Joe categorizing the survey results.
- Attending tokenomics discussion at 2pm CDT.
- Justice last minute thoughts on forum:
- As you ask for more BANK you need more votes.
- 71% or majority for Forum voting
- not understanding the “OR”
- Joe clarifies:
- 71% is for either or options.
- Majority is multiple choice (greater than 3) votes.
- simple majority
- Voting timeline
- minimum 1 week under 1M BANK
- minimum 2 weeks above 1M BANK
Early days: Joe and Frogmonkee made certain choices before they understood there was a quorum. There was a quorum from the very beginning starting at snapshot level.
Justice: forum is soft consensus, only snapshot is hard consensus.