Product strategy chat - Feb 26

Meeting date: Friday, Feb 26, 2020
Hong Kong: 11:00pm
CEST (Berlin): 5:00pm
UTC Time: 4:00pm
Buenos Aires: 12:00pm
Brooklyn: 11:00am
Houston: 10:00am
Denver: 9:00am
San Francisco: 8:00am

Meeting link: https://meet.jit.si/dxdao

Omen

Swapr

Mesa

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Notes from call:

  • Long chat to start about Radicle’s LBP for RAD and what it means for Mesa. Auctions are still relevant

Omen Token → what’s next?

  • Governance structure
    • ERC20 Guild: stake to participate, defaults to yes, no quorum
    • Initial capabilities:
      • Curate markets (2 days or less)
      • Fund markets
      • Vote on incentivized pools
      • Finalization - Reality.eth but use OMN
    • Future capabilities
      • Product updates
      • Manage OMN treasury
      • Arbitrator
      • Protocol governance (and setting fees)
    • Parameters
  • Distribution
    • DXdao: 70%, Liquidity Incentives: 12%, Airdrop: 8% for Omen users and DXD holders, GnosisDAO: 5%; Mesa Sale: 5%
    • DXdao share:
      • Not used in OMN governance
      • Other restrictions?
    • Will a “governance core group” have enough say?
      • What will Gnosis do?
      • Will Omen users and DXD holders participate or sell their tokens?
      • Are people who are doing Omen governance now going to participate/have power in Omen Guild?
    • Liquidity Incentives Launch plan - (maybe “Product Incentives”)
      • 3 month plan: ~3% of OMN tokens distributed
      • Incentivize LPs by size of deposit on whitelisted pools
      • xDai and Arbitrum?
      • User airdrop? <Airdrop xDai & OMN tokens to targeted addresses>
      • Claim contract?
  • Milestones
    • xDai tight integration
    • Proposal Announcing OMN token
    • Basic Governance Interface
    • Token contract deployment, airdrop and liquidity incentives
    • Arbitrum?

OMN token distribution:

  • Need tokens for Omen team to ensure good curation
  • Maybe a “token bonus” for meeting certain milestones

Also need to figure out:

  • Revenue mechanics?
  • Are we doing Arbitrum?

Swapr

  • Working on Two proposals
    • xDai Liquidity - WETH/xDai pool
    • Mainnet Liquidity through dev multi-sig by way of liquidity relayer
  • Farming
    • Incentivized DXD/ETH pool - will grow the DXD/ETH pool and also showcase new farming features
  • Tease SWPR token - maybe even pass a proposal outlining its future release
  • NFT series for early Swapr LPs and users
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