Building Financial Trust for the Future | BanklessDAO Weekly Rollup
Building Financial Trust for the Future | BanklessDAO Weekly RollupCatch Up With What Happened This Week in BanklessDAODear Bankless Nation 🏴, The recent community call centered on a significant discussion regarding Jengajojo's forum proposal, which coincided with a snapshot proposal addressing the same issue—the distribution of the recently unlocked OP tokens. These tokens were initially locked for a year as part of Optimism’s Retro Public Goods Funding (RPGF3) campaign, executed last August by groups like IMN, Bankless Africa, DAOStewards, and Nacion Bankless. The forum discussion reflected underlying tensions, highlighting the need for clear, transparent decision-making as funds flow into the DAO's Treasury. Whether it's multisigs returning assets or payments of OP tokens, clarity is essential to prevent future monetary disputes. Additionally, Links suggested an innovative idea to establish a yield farm using ETH deposits, with the generated yield being allocated to fund in-real-life (IRL) events to foster stronger community bonds and provide practical ways to support the Black Flag Initiative. It might also include sharing funds with community members to host local events, thereby expanding the initiative's impact. While this concept is still in its early stages and may not yet have widespread support, it's a call to action for the community to engage, propose ideas, and contribute to a collective vision. As we continue rebranding and redefining our community’s purpose, it's crucial we think about revenue. However, revenue alone won't sustain us; we must also stand for something meaningful and deliver tangible value. By working together, we can build a transparent, purpose-driven future and strengthen our community’s foundation for the long term. Contributors: Lucent, Boluwatife, Tonytad, Paulito, Kornekt, WinVerse This is an official newsletter of BanklessDAO. Please subscribe and share to help us grow our audience as we fulfill our mission to build user-friendly crypto onramps. 🏃♀️ Catch up: Listen to this week's Community Call recording. Snapshot VotesProposals in DiscussionBuilding Financial Trust for the FutureAuthor: Lucent Monetary discussions are usually very volatile, and working through them takes a lot of patience and careful reasoning. This discussion came up in this week’s community call in response to the Forum proposal by Jengajojo. The issue centers around the distribution of the recently unlocked OP tokens, which were locked for a year as part of Optimism’s Retro Public Goods Funding (RPGF3) campaign, carried out last August by four independent groups: the IMN, Bankless Africa, DAOStewards, and Nacion Bankless. Jengajojo’s “Funding our Shared Future” proposal suggests that the distribution of these tokens should take into account the work done by some RPGF3 contributors who were either underpaid or not paid at all, while the snapshot proposal requests that tlBANK holders authorize the DAO’s multisig to disburse these OP tokens per the terms of the already agreed budget. The community’s response to Jenga’s proposal showed displeasure as it seemed unnecessary and a distraction at this stage of our reorganization. The reaction to the Forum proposal shows that the community is focused on forging ahead, leaving the past behind, and not giving a chance for our future to be haunted by the past. The return of the DAO’s assets by different org units to the DAO Treasury, most recently the Education and Marketing departments, is evidence that the future is the priority right now. Another piece of evidence is the current percentage of the Yes votes in favor of the Snapshot proposal for payment of work done a year ago by DAO contributors. The Yield FarmMoney is an important tool in executing an idea and in building community, and while this might not be a direct response to the redefining our purpose mission, Links suggested setting up a yield farm where ETH can be deposited and the yield from that farm can be used to fund IRL events to help build a bond in the community. The funds from this farm can also be shared with some community contributors to host events in their area, hence creating an IRL and practical method to redefine our purpose and make it a pivotal part of the Black Flag initiative. Of course, this is not something everyone in the DAO should agree with immediately. Links only put this idea out to see if some members of the community will be open to it. Therefore, if you also have an idea that can make this initiative even better or more beneficial to the community, as always, feel free to engage. We are still in the purpose-finding stage of our community, and revenue is important as we seek to rebrand ourselves in the best way possible. Still, we cannot rely on getting revenue without standing for something and trying to give value, so we should keep working together to build a better, transparent, and purpose-driven future and make our community strong again. ⛴️ BanklessDAO Content🧠 Crypto SapiensThanks, Bold! |
Older messages
DAO Structure | BanklessDAO Weekly Rollup
Saturday, August 3, 2024
Catch Up With What Happened This Week in BanklessDAO ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The Layer of Zero Knowledge | Layer 2 Review
Friday, August 2, 2024
Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Communication and Feedback | BanklessDAO Weekly Rollup
Saturday, July 27, 2024
Catch Up With What Happened This Week in BanklessDAO ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
A Purpose-driven Rebrand | BanklessDAO Weekly Rollup
Saturday, July 20, 2024
Catch Up With What Happened This Week in BanklessDAO ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Ethereum's Layer 2 Whales | Layer 2 Review
Friday, July 19, 2024
Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
You Might Also Like
DeFi & L1L2 Weekly - 🚀 Ethereum on-chain stablecoin volume reaches all-time high; Sky launches SKY and USDS
Thursday, September 19, 2024
Ethereum on-chain stablecoin volume reaches all-time high. USDC launches on Sui blockchain and is available in Brazil and Mexico. Sky launches new tokens SKY and USDS. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 🚀 Ethereum on-chain stablecoin volume reaches all-time high; Sky launches SKY and USDS
Thursday, September 19, 2024
Ethereum on-chain stablecoin volume reaches all-time high. USDC launches on Sui blockchain and is available in Brazil and Mexico. Sky launches new tokens SKY and USDS. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Analysis of the impact of the Fed's 50bps rate cut on the future market
Thursday, September 19, 2024
At its September meeting, the Federal Reserve cut rates by 50 basis points, with its monetary policy statement emphasizing the goal of maximum employment. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🥛 Fed cuts 50 bps 🔪 Here’s the market’s reaction...
Wednesday, September 18, 2024
PLUS: 5 reasons to stay in the market! 🔍
Bitwise CIO likens Ethereum to Microsoft, bets on underappreciated dominance despite bearish sentiment
Wednesday, September 18, 2024
Hougan believes that despite market doubts, Ethereum still leads in DeFi assets and institutional adoption, much like Microsoft's role in tech. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Binance co-founder publishes a long article responding to the recent coin listing standards
Wednesday, September 18, 2024
Author: He Yi ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Earning with AI part 2
Tuesday, September 17, 2024
We've got an easy series to get you into the onchain AI space. You'll earn OLAS while learning the easiest way to launch AI agents and get 130% APY Flipside Crypto You can earn with onchain AI.
🥛 We’re moving to Bhutan ✈️ Here’s why...
Tuesday, September 17, 2024
PLUS: $MSTR has outperformed $BTC by 300% since Jan 2023 – here's how they did it...
Potential for Bitcoin volatility caused by rate cuts is quite high — Bitfinex
Tuesday, September 17, 2024
Sell-off after rate cuts, nearing resistance, and overall bullish indicators paint Bitcoin's landscape this week, according to analysts. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Analysis: Why is Binance Rapidly Listing Tokens from the TON Ecosystem? What's the Future Outlook?
Tuesday, September 17, 2024
WuBlockchain founder Colin and @WuliGy had an in-depth discussion about the recent developments in the TON ecosystem. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏