Community Call #21 - October 1st

[rep] frogmonkee

Announcements

• Collect your POAPs!
  • DEGEN distribution. Must be on call for at least 5 min, will get DM links after event
  • Thank u DEGEN
• Sign up for the newsletter
  • Expect a new newsletter to launch next Wednesday
• Grants Committee Funding
  • Got a valuable project for the DAO? Get funded!
    • Has about 400,000 BANK left
  • Last chance for Season 1 funding on October 5th, 2021

[rep] frogmonkee

• This is our last CC of this Season!
• Twitter Spaces: October 8th at 11am EDT (CC time) -- Hosting a Twitter Spaces event with BanklessHQ.
  • We will not be in Discord next week!!
  • RSVP
    • Add to your calendar! Don't forget and miss it!!
  • Agenda
    • What we did in S1, what we're doing in S2, and a bunch of awesome alpha!!
• L2 Status Shoutouts:
  • These people have really stepped up in leadership role
  • Any L1 can be nominated by any L2 and seconded by another L2
    • Katrina (3,3)
    • zrowgz.eth
• Governance & Forum Posts
  • 2 new snapshots are up and live!
  • Snapshot: Bankless DAO Treasury Multi-sig Signer Ratification
  • Snapshot: Bankless DAO Season 2 Grants Committee Ratification
  • Coordinape Round is live
    • Ends EOD Oct 3rd
    • Didn’t sign up in time?
      • Reach out to frogmonkee, AAJ, or RedVan
    • How To Guide
    • Opt-in is now default!
  • Grants Committee S1 Compensation
    • Most likely to move to snapshot
    • Conflict of interest for GC to vote
  • Add Level 1 Access for Balancer 80/20 BANK ETH Pool
    • Anyone who provides liquidity to this pool will be eligible for L1 access
    • Poll currently has 27 votes, please read, comment, and vote. Let your voice be heard!
  • Atlantis World Discussion
    • Interested in Metaverse? Go check this out!
  • BANK Token Legal Assessment
    • Global assessment of BANK token - across many jurisdictions
    • Used UMA KPI's options as reward mechanism
    • Great work legal guild!
• Treasury
  • banklessvault.eth
  • 151M BANK
  • ~ 145K USD in ETH and altcoins
  • 1,000+ ROBOT
  • ~262 ROBOT (~$19K) expected from recent Back to School drop

S2 Guild + Operation Updates

• Season 2 Updates
  • Grants Committee election - One Week (EOD Sept 30th)
    • Snapshot: Oct 1st - 7th
  • Multi-sig election - One week (EOD Sept 30th)
    • Snapshot: Oct 1st - 7th
  • Project and Guild budget submissions: Sept 27th
    • Revised submissions: Oct 5th
    • Snapshot: Oct 6th - 13th
  • Season 2 starts Oct 8th
  • GC members compensation. Forum poll passed with 89% votes. 400K BANK for the GC members for each Season 1 and Season 2. Move to snapshot.
  • GC Update: Season 2 Guild Funding

[rep] 0xLucas

• Dev guild deferred their budget request from GC

• GC Update: Season 2 Project Funding
  • GC Conclusion to accommodate fitting all projects
    • If funded in S1 → Qualified for S2 Snapshot vote
    • If not funded in S2 → use proposal to apply for initial funding in S2 once S2 begins
    • After filtering qualified projects, funding requests were under allocated budget by 1.3M BANK
  • Addendum going to Snapshot to transfer remaining 1.311M BANK project budget to GC for S2

Analytics Guild - paulapivat