Caney Fork Worker Proposal Apr/May 2022

Below is a scope of work to be done from April 1, 2022 - May 31st, 2022 for Caney Fork LLC. I am powers_chris on keybase & telegram, Powers on the forum and Discord and “Chris” on calls. “Powers” is also completely acceptable :-x. See Caney Fork Worker Recap (Feb/Mar 2022) for reflections on the past worker proposal.

This proposed scope is a couple weeks late, so includes some things that have already been completed.

The proposed scope of work covers the following squads:

  • Governance - 50%
  • DXvoice - 20%
  • ContributorX 20%
  • Swapr/DXgov/Carrot/Jolt - 10%

The major goals of this proposal revolved around Amsterdam, clarifying and finding consensus on the DXD buyback program, as well as trying to find a DAO counsel. Additional focus will also be on the ENS governance ecosystem and how DXdao can participate.

Governance (50%)

  • Work with Decentral Labs to organize weekly governance calls.
  • Facilitate DXD Buyback Program execution along with dLabs. Help manage proposal process, track and communicate progress and adjust program in conjunction with community feedback and market conditions
  • Explore DXdao’s participation in ENS governance. Work with @neiman on how to get more .ETH websites and get ENS app on .ETH
  • Goals/tasks for this period: Clarity on Buyback Reserve by May 5, along with Buyback Extension #8 by MY 10, Creation of a DXD Token Future Working Group by May 31. Expense/Budget management post by May 31. “What DXdao can do in ENS governance” forum post by May 31.


  • ETH Amsterdam! - Spoke at the DAOists GGG and shilled DXdao at every canal in Amsterdam
  • Write March and April DXdao Month in Review with Keenan
  • Help Keenan launch Operation Spaces!


  • Work with Melanie and Dave on sourcing the DAO Counsel position


  • Help Keenan and Venky coordinate farming proposals
  • Liaise with Space Inch



  • Testing and General product strategy

Logistics and Compensation

  • Work period: April 1, 2022 - May 31, 2022
  • This will be at 90% worker commitment as I continue to write the Dose of DeFi newsletter.
  • Contributor Level: 8 as outlined in the DXdao Pay Structure Update - December 2021
  • April compensation:
    • $8,100 in USDC/Dai
    • $8,550 in DXD, using 30 day average for DXD price, vested for 3 years with one year cliff
    • No REP as Caney Fork as reached 4% max on mainnet
  • May compensation:
    • $8,100 in USDC/Dai
    • $8,550 in DXD, using 30 day average for DXD price, vested for 3 years with one year cliff
    • No REP as Caney Fork as reached 4% max on mainnet

Past Worker proposals





Thank you for your valuable contributions to DXdao @Powers ! For those who missed it, here are some photos from @Powers 's talk on DAO Sovereignty and why it’s important at The DAOist’s GGG


This was an excellent presentation and I was happy to be there. Nice work Chris!


Below is a reflection on Caney Fork’s April and May worker proposal and the payment for the second half. The first half of this proposal passed on-chain here. Caney Fork’s upcoming worker proposal can be found here.

What I did well:

What I did okay

  • DXdao Expenses Update June 2022 gives an overview of DXdao expenses over the last 18 months. I put ‘okay’ bc it took two weeks longer than the goal, but I think this is important for DXdao. It takes a lot of work to organize this, but I am finally feeling that it has a more scalable structure. We need to continue to work on the data input, so it’s not as manual.
  • DXD Trade volume updates - these were not ‘biweekly’ as promised, but still are necessary for buyback to continue. Like expenses, I now have a scalable system with less manual work.
  • DXD vesting for contributors & REP syncs - along with Ally and Melanie, helped several contributors do important proposals to sync REP and claiming their vested DXD.
  • DAO Counsel - this process has taken longer than expected (interviewing people takes a long time!), but it has also changed what I think DXdao needs. There are a couple candidates that we’ve interviewed that could fit well in DXdao and perhaps more in a specialist way.

What I did not do well at:

  • Still late on this proposal, but at least I’m consistently about 20 days late, so it’s almost like it’s every two months :-x
  • There has not been progress on the DXD token working group front or the DXdao ENS governance platform. The expenses and daily operational responsibilities crowded out any time to work on these items. I should have time to work on these in July.

As a general thought, I’ve felt a little burnt out the last month or so. In part because my family and I are in the process of moving and partly because it’s been a long two years in crypto (the bear before was not fun either, but it wasn’t as tiring). I’m looking forward to some time off and also a reset in Nashville and the summer.

Payment and Logistics:

May payment:

  • Stables: $8,100 (90% at Level 8)
  • $8,550 in DXD, using 30 day average for DXD price, vested for 3 years with one year cliff
  • No REP as Caney Fork as reached 4% max on mainnet