Recordings
Meeting Notes
Transcript
okay so um as always I'll be watchingthe Barnyard chat as well as the chatfor The Voice channel uh make sure todrop any questions or comments you havein there and we'll keep track of themand answer them as able all right oh I'mcouple slides ahead all right soupcoming and ongoing items to kickthings off so beanock 3 draft is righton the verge of being shared forCommunity review um guy you and I beenchatting kind of throughout the daysounds like sounds like pretty close toto having that out it is out oh sharedin the the bip 50 Channel wonderful allright and I will uh I'll put out anannouncement when we're done here thento go right along with that wonderfulall right so make sure to check that outwhen you get a moment lots of stuff inBean talk 3 so excited to hear thatdrafted out all right then the otherthing that's going on Fork migrationsystem is still under development and uhwe do have a Gant chart and an updatelater on in the presentation for thatall right projects and initiatives soum still evolving and how we communicateand made made some tweaks um kind ofbased on the last Dow meeting I wantedto try to you know clean this up andmake it look a little bit morestraightforward a little bit more neatso um just made some minor changes hereso uh from here on out we'll have kindof things split into uh essentiallythree different categories above thefunnel and again you for those who uhhaven't heard me talk through this abovethe funnel is just kind of the ideasthat are kind of floating out in thecommunity or things that are beingtalked about in in random channels ordiscussions um items that are in thefunnel are uh in some type of planninguh predevelopment or some type of youknow more solid discussion uh with thepotential of moving into activedevelopment what you see is is therekind of in the bottom and um you know asyou notice bean stock 3 in the forkmigration system are the items that areare currently under development so thatkind of gives us the ability totransition right into the projectupdates so not a big change in terms ofwhat this looks like but hopefully justmaking things a little bit more clearlike we're kind of undersellingourselves by having just one card forbeanock 3 here I know so many differentthings but I I think that's fair and umyeah I mean it I think about that everytime I drop in the Gant chart and I haveto make it a weird size to fit all thelines of stuff there's just a ton ofstuff in here yeah I don't know we canalways we can always break it upwouldn't hurt my feelings any otherquestions or comments on the projectfunnel all right so Nas Jack uh in thein the chat just wrote when will Dexaggregators be in the funnel for Basinusage and what about other projects toincrease volume so I know that um SiloKing has been working on reaching out todifferent different groups to make surethat we appearing in different placeslike Co gecko Etc so I don't know if youhad anything specifically regarding Dexaggregators you wanted to talk about oranything you'd want to touch on yeahsure so um at least for the moment uhnothing really has been done in thatfront um you'll hear me talk a littlebit later about uh what I've beenworking on over the last few weeks butuh yeah currently there's nothingplanned for that but you know certainlyno reason why we can't work on that atsome point also I believe it's soil Kingnot Silo King yeah sorry I mean I meanon this end I feel like uh you know likemany things that's one of those catch22s where it's not particularlycompelling for aggregators to integratewith Basin uh until there'sliquidity given that if they were to doit today uh and anything were to routethrough Basin other than perhaps the rapsteth pool Traders would get worseprices um so if being in the funnel iswith respect to you know sending peopleemails and Twitter DMS to ask them to doit uh you know I suppose that can comefrom lots of different people uh andperhaps that is you know one strategybut to me it's one of those things thathappens on its own once there once thereis uh liquidity and volume if you willso nzq writes as a followup so what'sabove the funnel for increasingliquidity why listing won't bringliquidity unless people use them in myopinion increasing liquidity is orshould be thought of as a byproduct ofthe stuff we work on uh I mean MyPhilosophy is that we work on thingsthat with the intention of increasingthe utility of beanock increasing theefficacy of the peg maintenancemechanism etc etc and you know leave itup at that point for people to decidewhether they want to add liquidity tobeanock or not and it's unclear whatexactly uh I mean if people havesuggestions for things that woulddirectly increase liquidity uh I thinkthat's a worthy discussion but nothingcomes nothing in particular comes tomind on this end I think that's a a fairpoint guy I mean I when I think throughthe work that beanock Farms does it isreally focused on building a really goodset of tools and then letting the marketor people that interact with beanock dowhat they will with that of tools andyou know again we're talking aboutbeanock 3 and it's just another reallygood example of the newest generation ofof tools that users can can takeadvantage of I mean I'm I'm reallyexcited about the possibilities thatcome along with tractor especially andand stable Swap and you know I think thehope is that you know as as those toolsare available that that people will getexcited about it but really it's moreabout providing them and making surethat they're they're high quality andthat you know that they're safe forusers to use so as ainia asks how are wemeasuring utility is it just Pegmaintenance it's an interestingphilosophical question uh I mean in somesense I'm not sure if this is whatasabin is alluding to but you know oneanswer to the question is more liquidityis higher utility than less liquiditybut as I mentioned earlier it's notexactly clear what things could beworked on to directly influence that insome sense is it just Peg maintenanceperhaps I mean I guess if you think ofsomething like just to give an exampleof something that's not just totallyrelated to Peg maintenance is theutility provided by gen convert genconvert is in many ways excuse me inmany ways more related to the ability toconvert from LP tokens to LP tokenswhich you know now for the first time uhsince the introduction of the gug systemis actually going to allow people topeople being depositors to move beingliquidity in the direction of the youknow optimal LP bdv distribution thatthe that the Dow decides on uh which iscurrently not possible and that uhshould have a somewhat neutral effect onPeg maintenance so that would be anexample but uh so is it just Pegmaintenance probably not um but is thatpretty high on the list I would arguethat it should be and I I guess whatgoes through my mind as well is thatagain get gu to your point that it'sit's an interesting philosophicalquestion there's you know literal marketutility or something that's morequantitative or however however you wantto qualify utility from a from a marketstandpoint or in that frame of referencebut then back to this idea of buildingunique useful tools or building toolsand capabilities that haven't been seenin the space before I think there'sthere's something to that as well and umyou know I when I think about a lot ofthe conversations that that we've hadwith Ben or with with other individualswhere we talk about the idea of beanockbeing an experiment there's a certaincomponent of that that involves utilitybeing something something more aboutbuilding new things and trying newthings that isn't easy to quantify froma you know from a a more traditionalMarket sense if that makes sense there'sthere's utility in Breaking new groundall right any other questions orcomments before we jump into theprojects I was just thinking more aboutthe Dex aggregator uh question and youknow even if Basinwere uh I don't know what the rightphrase is Whit listed or listed in theseaggregators and someone wanted to swaplike rap Ste for we for example and thattrade routes through the Bean with stethpool and the bean we pool then neteffect on the bean price is going to bezero it's unclear what the added valuefor that is unless the person unless thetrader using the aggregator is actuallyuh selling or buying beans in which caseit of course would have an effect on Pegmaintenance and the bean price which yougo back to like well how do you getsomeone to buy beans and I think that'sa question that's uh not totally clearand in my view is not really a directgoal of any particular uh one of theseprojects all right Nas ja was typing butis stopped so I'm going to hop down intobeanock 3 so um yeah just again lots ofdifferent components inside of thisbasket um excited to hear the draft isout yeah I'll drop an announcement assoon as we get done with the call butexcited to uh excited to hear that andhopefully any uh any questions um thatthe community has can can come out andget get um get discussed quick prior toprior to a vote I think what we might doand uh guy and I had chatted about thiskind of quickly here earlier today ismaybe we'll set up a set up anadditional meeting some point this weekuh just for a Q&A session in caseindividuals look through the informationand and have any particular questionswe'll we'll put some time in thecalendar that folks can come in and andask those questions and get items talkedabout that might be on their list yeahthe the intention was to get the draftout a few days days before uh thismeeting so people had a chance to readit uh obviously didn't work out soapologies but um so as Rex mentioned Idon't know when the next down meeting isexactly but people read that and there'sa bunch of uh input or feedback orquestions people have happy to host youknow some sort of Q&A session at somepoint between now and the next downmeeting sounds good since uh since thisone was slid by about a week a littlebit less than a week maybe what we'll dois we'll uh we'll have a Q&A maybe earlynext week and then the regularlyscheduled Dow meeting usually I've gotthem two weeks apart so we'll doobviously down meeting today maybe a Q&Aearly next week and then the week afterthat back into the regular Dow meetingfrequency and Rhythm okay and um againfor fork migration system so quite a fewitems have been completed thus far stillum some items to go most of them havingto dowith um audit prep um so as listed wegot Cod Arena that'll be that'll behandling this audit uh always excited towork with them they've been great towork with this far not a lot else to addfrom my point of view I don't know ifguy or the any of the other devs wantanto want to chime in on anything inparticular here I mean I would just sayyou know in the in the Discord it seemslike it's hard to know whether you knowpeople are aing uh serious concerns oror whether they're just ball busting butyou know people submitt some commentsabout the Dow or beanock Farms fundingdevelopment of forks uh which you knowjust to make explicit is not what'sgoing on and that would be totallyinappropriate to be honest so the forksare totallyseparate uh you know or at least theforks alluded to by Ben in the lastmeeting and in their article uh verydifferent from this uh Fork migrationsystem which solves uh in a lot of waysthe governance problems that thatbeanock has been facing over the lastcouple years yeah I appreciate that thatextracolor guy I mean I know that that'sbeen yeah a topic of conversation and umyou know the beauty of having a prettytransparent budget process and um youknow pretty clear list of of beanockfarms projects is that people can getcan find the answers to the thosequestions pretty easily you know likeyou said folks like to talk but at theend of the day there's some pretty clearinformation about what beanock Farms isdoing and um and agree with you that itwould be inappropriate for beanock Farmsto work on Forks so yeah there there areare questions about what beanock Farmsis doing there's plenty of informationto to make that clear what's what'sgoing on and what isn't so as to mentionI forgot to mention this earlier but uhI just thought of it related to as'slast question about utility um anotherobvious uh access to that would be youknow decentralization and censorshipresistance which is very related to thisFork migration system asab asks um areally good question really interestingone so uh they ask will bips continueafter the fork migration system isimplemented or will Forks replace bipsso I can Chim them in here real quickbecause this one's this one'sstraightforward enough to where I can Ican probably give my two cents and thensomeone can correct me if i' I've missedthe detail but um as I understand thethe system moving forward when it comestoitems that could result in significantchanges to the protocol it'll probablydepend on who's performing thatdevelopment work and to kind of speak tothis idea that Forks are primarilyengineered to manage governance issuesagain as I understand it from my pointof viewum there will probably be in instanceswhere forks will be an alternative tobips probably in a lot of instances willbecome the primary way that governanceis managed um not sure if it'll beexclusive um but yeah probably they'llprobably become a primary way of ofmanaging changes to functionality isthere anything that I'm missing I wouldjust say I think it's uh somewhat of anopen questionum I mean the Dome it probably makessense to keep the existing governance uhmechanism uh in addition to the forkmigration system on this version ofbeanock given that you know there's beensome discussion and and some writeupsabout how uh unripe assets are not notreally feasible to to migrate in anymeaningful capacity if you were to dothat and then also remove their abilityto vote and improve uh the currentsystemuh that strikes me as wrong but itprobably requires some more thoughtthat's fair point good good additionalcolor appreciate that guy all right anyother questions or comments regardingFork migration system so Nas Jack asksjust change that question never mind allright trying to watch both chats herequick like all right can jump into sogot the subgraph UI and other updates sosoil I apologize for the mix up you wantto walk through some of the items thatyou've been working on or uh yeah sureso um one thing that I guess I don'tknow if we mention it yet on this callactually but that you'll see in the bip50 draft is one of the major changesthat we're proposing to beanock is thatwe're actually going to be migratingeverything from ethereum onto arbitrumso kind of what I've been working on inthe last few weeks in particular is kindof getting the sub graph uh the theDiscord Bots and you know all the othermiddleware systems for like our ourIntegrations you know set to to work onthose other systems and at least or onthe other chain rather so for thesubgraph in particular that that hasactually been a bit of achallenge um both like with the actualcode like the code base itself and thenwith you know just just like how we'regoing to actually have it be deployedbecause you know the the other chainsarbitrum for example it has you knowsomething like four or five blocks everysecond whereas ethereum it's like oneblock every 12 seconds so you know it'sit's a bit different like in terms ofhow uh you know it interacts with rpcsfor for getting the latestinformation um so that that's kind ofbeen the the majority of my focus is isgetting these systems generalized andready such that we can have them runningon the new chain and so there won't beany like disrupto the functionality when that happensum and I mean you know I'm happy to goin more in more detail if anybody'sinterested but I think that's probably agood summary sir uh that's exciting I umI saw your post the other day I thinkyou I think you had posted one of theARB scan what yeah when when ah man Idon't remember what post it was it mighthave been signal somewhere but um wasexcited to see that and uh yeah reallyreally excited that that the future ofbeing maybe on our any other updatesthat um that any of the devs want totalk through I don't see space beinghere but uh they have been working onthe bean stock 3 3 UI implementation uhor bip 50 UI implementation if you willuh one of the main components that'sbeen really hairy is uh gen convertwhich is uh yeah rather complicated butthat's what's on the list at the momentand just want to mention uh you knowknow there hasn't been a whole lot offanfare but uh uh this beep has been theculmination of you know six seven plusmonths of work from uh I think justabout everyone who has contributed tobeanock over the last six months so it'sbeen a it's been a gargant excited tosee it come together so shout out to allof those who have contributed and beeninvolved completely agree guy definitelyappreciate it from the team all right weit we'll open it up to the floor for afew minutes to see if anybody has anyother questions or comments that wehaven't covered thus far in the meetingall right looking at the chats thingsseem pretty clear okay so um what we'lldo is yeah we'll put something on thecalendar for early next week for aspecific Q&A session around BP 50 and umgive folks the opportunity to lookthings over and yeah come with yourquestions and then the week after thatwe'll have a regularly scheduled Dowmeeting and uh probably be talking abouta vote somewhere in that uh that timeperiod as well appreciate everybodyswinging by appreciate your time and andyour attention we'll uh we'll geteverything wrapped up here and havestuff um summarized and posted toDiscord and Twitter here over the nextday or so thanks for your time everybody