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# System prepended metadata

title: 'Agenda and Minutes for Meta-Gov Meeting, November 21st, 2023'

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# Agenda and Minutes for Meta-Gov Meeting, November 21st, 2023

### Details

Time: Tuesdays at 11am ET (3pm UTC).
Google Meet Link: [meet.google.com/ihz-hdvb-bbq](http://meet.google.com/ihz-hdvb-bbq)

Stewards: @katherine.eth ([ENS](https://app.ens.domains/katherineykwu.eth) | [Twitter](https://twitter.com/katherineykwu)), @nick.eth ([ENS](https://app.ens.domains/nick.eth) | [Twitter](https://twitter.com/nicksdjohnson)), @5pence.eth ([ENS](https://app.ens.domains/5pence.eth) | [Twitter](https://twitter.com/5pence_eth))

### Agenda

1. General DAO Updates
2. Weekly Endowment Updates [@karpatkey](https://discuss.ens.domains/u/karpatkey) + Monthly [@Steakhouse](https://discuss.ens.domains/u/steakhouse) 
3. DAO Tooling
    a. Sablier
    b. Superfluid
    c. LlamaPay
5. Open Discussion

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Notes by @don.nie 


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## 1. General DAO Updates

* Steward elections and voting for stream providers upcoming
* Steward nominations open 6-9 December. Elections on 10 December: https://docs.ens.domains/v/governance/governance-proposals/term-1/ep12-working-group-rules
* Update on RFP for bylaw creation
    * Extending deadline to first week of January given holiday season
    * If know good candidate, send them here: https://discuss.ens.domains/t/rfp-drafting-of-ens-dao-bylaws/18100/5




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## 2. Updates

### Weekly Endowment Updates (@karpatkey)
![Screenshot 2023-11-21 at 11.03.45 AM](https://hackmd.io/_uploads/HJMlBIq4a.png)





![Screenshot 2023-11-21 at 11.04.06 AM](https://hackmd.io/_uploads/BJNZrUcEp.png)

* Capital Utilization now over 80% due to increased ETH exposure strategies. 
* Made commitment to divest no more than 20% of staked ETH to Lido. As a result rETH exposure increased

### Monthly (@steakhouse)

![Screenshot 2023-11-21 at 11.06.57 AM](https://hackmd.io/_uploads/H1CoS8qEp.png)

![Screenshot 2023-11-21 at 11.07.14 AM](https://hackmd.io/_uploads/B1gaBL5ET.png)

 
 ![Screenshot 2023-11-21 at 11.07.59 AM](https://hackmd.io/_uploads/H1hJUIc4T.png)
* Reserves up and runway up as ETH price increases
* Biggest concern is that revenues are trending lower, might just be due to bear market ending in Septmeber
* 151 months of runway ~10 Years & Cash flow positive
* Copy of slide deck can be found in the forums!
* Haven't added forecast scenario for revenue streams yet
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## 3. DAO Tooling

### Presentations for payments tooling

**1. Sablier**

Paul Berg: https://app.sablier.com

* Two ways to create streams
    * Time or Fixed States
    * Deposit funds upfront but then run as scheduled
* Users can track payments over time through dashboard
    * Can estimate earnings in the future
* Can create all streams in one proposal through batch contract
* Stream history gives etherscan links + integration with TokOS for accounting/tax purposes

**2. Superfluid**

Mike D'Aliessi: https://app.superfluid.finance
* Open streaming protocol; Tokens stay in wallet and wrapped into protocol so can do open ended streaming
* Transparent streaming dashboard so anybody can see fund movement
* Can also do bulk streaming
* Can re-direct streams; seamless automation of payments
* Can export stream data for accounting/tax purposes into a csv and has TokOS integration
* Docs: https://docs.superfluid.finance/superfluid/



**3. LlamaPay**

Omar A: https://llamapay.io
* Used by numerous DeFi protocols; example: https://llamapay.io/yearn
* Lower gas fees
* TVL: $2.4m, double alternatives
* Can schedule streams without making full deposit
* csv export function for reporting
* Github repo: https://github.com/LlamaPay/llamapay
* Can batch multiple streams in one transaction

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## 4. Open Discussion
**None**



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