Caney Fork Worker Proposal Aug/Sept 2022

dxDAO
1

Below is a scope of work to be done from August 1, 2022 - September 30, 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 (June/July 2022) for reflections on the past worker proposal. This proposed scope is two days late.

My family has finally secured childcare starting next week! So, I will be returning to my previous 90% commitment for August and September, but now on central time.

Caney Fork’s priorities are the same as last proposal (ENS, DXD Token WG and Budget). While there was significant progress on each of these, more work needs to be done to gain consensus and move things forward. Also to note, in line with my reflection on my last worker proposal and these goals, Caney Fork’s % devoted to governance will increase to 60% from 50%.

Governance 60%:

  • Work with Decentral Labs to organize weekly governance calls, organized under # Governance tag.
  • Facilitate DXD Buyback Program execution along with dLabs. Post tri-weekly DXD volume updates
  • Integrate DXdao into ENS governance. Develop platform and signaling process for important votes, and investigate the technical details of delegation through governance
  • Drive conversation forward on DXD Token Working Group, lead first couple meetings and report back to forum
  • Find consensus on a budget. Re-do 2H2022 Budget and incorporate feedback from community on burn and resource allocation.
  • Goals and Deliverables: Caney Fork ENS Platform post by Aug 10; Expenses update post by August 15, DXD Token WG proposal and kickoff on Aug 25. Four month budget approved on-chain by August 31. DXdao in ENS DAO post in ENS forum by September 20. DXD Token WG check-in on Sept 25.

ContributorX (20%)

  • Work with Melanie and Allyq on upgrading worker proposal process
  • Meet with DXLegal assessment participants, answer questions and facilitate public presentations from the three candidates.
  • Goals: Wrap up DXlegal assessments by Sept. 15; Proposal update to contributor guidelines by Sept 20

DXvoice (20%)

  • Write July and August month in review along with Keenan and Wayne
  • Operation Decentralization!

Logistics and Compensation

  • Work period: August 1, 2022 - September 30, 2022 this will be at 90% worker commitment as I write the Dose of DeFi newsletter.
  • Contributor Level: 8 as outlined in the DXdao Pay Structure Update - December 2021
  • August compensation
    • $8,100 in USDC/Dai
    • $8,550 in DXD, using 30 day average for DXD price or minimum $523, vested for 3 years with one year cliff
    • No REP (I think?) as Caney Fork previously reached 4% max on mainnet, but is now at 3.5%. Maybe need a clarification to Contributor Guidelines
  • September compensation
    • $8,100 in USDC/Dai
    • $8,550 in DXD, using 30 day average for DXD price or minimum $523, vested for 3 years with one year cliff
    • No REP (I think?) as Caney Fork previously reached 4% max on mainnet, but is now at 3.5%. Maybe need a clarification to Contributor Guidelines

2020

2021

2022

5 Likes
2

Is this going to require development resources from DXdao? I think it’s a great idea, but what I’d want to make sure is that it doesn’t delay Gov 2.0 any further.

Wouldn’t it make sense to get the DXD Token Working Group approved by DXdao onchain governance first?

It seems like you and @dlabs have this down to a pretty routine process. Does it require time from both of you at this point?

This is a big discussion. How do you plan to drive this? We did have some good conversation last week on the product strategy call. I also think that much of the second half of the year’s spending is in motion between contributor proposals, planning for audits, and event planning (Devcon and DXretreat). I think DXdao should be looking at a longer time horizon in terms of budgeting here.

3 Likes
3

Is this going to require development resources from DXdao? I think it’s a great idea, but what I’d want to make sure is that it doesn’t delay Gov 2.0 any further.

No. The platform and signaling process will be a DAOtalk post as will the post in the ENS forum. As @AugustoL said on yesterday’s governance discussion, DXgov squad is interested in developing tools that could allow the DAO to do this directly but that’s further down on their roadmap. And as @sky said, this would be a step forward for the governance as-a service as delegation does not require technical overhead. Full details in the Caney Fork platform post, and of course, it would be great to have diligence on the post and proposal from DXdao’s technical community members.

Wouldn’t it make sense to get the DXD Token Working Group approved by DXdao onchain governance first?

This is one of my goals for the working period, see deliverables under “DXD Token WG proposal”. Given the length of this proposal, if that proposal passes Caney Fork’s time will be spent on the WG. This has been apart of my last two worker proposals, as well as tacitly approved in the DXD Buyback Program Adjustments, Extension #8 proposal. I understand you have objections to the working group, but I believe this is a top priority for DXdao governance.

Facilitate DXD Buyback Program execution along with dLabs. Post tri-weekly DXD volume updates

The (now) tri-weekly DXD volume updates have always been done by Caney Fork and @dlabs submits buyback orders. I don’t think it makes sense for @dlabs to do the tri-weekly DXD volume updates. Is that what you’re suggesting?

This is a big discussion. How do you plan to drive this? We did have some good conversation last week on the product strategy call. I also think that much of the second half of the year’s spending is in motion between contributor proposals, planning for audits, and event planning (Devcon and DXretreat). I think DXdao should be looking at a longer time horizon in terms of budgeting here.

Completely agree. It would have been great if last Friday’s call was recorded. It’s a discussion we’ve been having for the last few months and has really sharpened as the bear market came down. I also agree on the importance of the long-term budgeting too. What I think would be a great first step though is approving a four month budget for the rest of the year, precisely bc it is already in motion. Then for the rest of the year we can track whether or not our expectations matched with reality. And that will set a foundation for the long-term budget conversations (especially going into 2023).

In terms of process, first I’m going to do an update of the expenses for the last 2 months (Aug 15), and then update some of the estimates that I put together in the previous budget post, and then incorporate feedback on that from DXD and REP holders to drive at a four month budget that can be approved by REP holders. There are some difficult conversations to have going forward around resource allocation. In the meantime, the goal is to get REP holders to approve “the things that are in motion” and better understand if we can predict our next few months of expenses.

3 Likes
4

:+1: Sadly, we had a smaller than expected turnout and it felt like there wasn’t quorum to justify recording. If 5 people listen to a discussion between 15 people, it feels good, but 15 people having to listen to a discussion between 5 is closer to a podcast. :smile: So, we decided to have the exact same conversation next week, hoping for a better head count :crossed_fingers:and then we’ll record.

5

Below is a reflection on Caney Fork’s August and September worker proposal and a payment request 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:

  • DXD Buyback facilitation - I helped pass the Authorize $500k of DXD buyback with new parameters at the end of August and the DXD Trade Volume updates. We hit some roadblocks on executing the buyback and looks like we are finally putting GPv1 to bed and switching to Cow Protocol.
  • DXLegal Assessments - we are close to concluding these. I think it was great info and a great way to connect with knowledgeable Web3 lawyers. Only ‘okay’ bc received some feedback that perhaps this should have presented to a smaller group.
  • Month in Review and Operation Decentralization - still writing the Month in Review along with help from Keenan and Wayne (July and August). I think the quality is pretty consistent. I also hosted the first episode of Operation Decentralization in the middle of August, but still waiting for it to be published.

What I did not do well at:

  • Budget - this was a major to do item for this worker proposal period. In July I posted a 2H2022 budget draft but the community wanted to move in a different direction. My efforts to get an overall budget passed has been superseded by the Alternative Restructuring and Refocus proposal, which has a three phase approach to find consensus on a budget. Looking forward to contributing to this conversation.
  • Maintaining composure - this was a tough two months at DXdao with lots of emotional conversations. The process of governance can be messy and it’s hard to be both a participant in governance, where I have opinions and preferences, and a facilitator of governance, where I am supposed to be credibly neutral. I don’t have any easy answers to this, but acknowledge that I have things to work on.

September compensation

  • $8,100 in USDC/Dai
  • $8,550 in DXD, using 30 day average for DXD price or minimum $523, vested for 3 years with one year cliff
  • 0.1667% REP
3 Likes