--- tags: Rangers, notes, HAUS Party Live --- # HAUS Party LIVE! Notes: 7/15/2021 Join us for 🎉 Haus Party Live 🎉 every Thursday at 2pm EST on the [DAOhaus Discord](https://discord.gg/daohaus) ## Notes From the [Livestream](https://www.twitch.tv/videos/1087667146) 🎉 [YouTube Link](https://youtu.be/NKAoyFRKhhw) **Topics** >**OceanDAO** *Alex Napheys* >A grants DAO curated by the Ocean community - Ocean's latest step on the journey to full decentralization. It curates funding in the form of grants. The aim is to close the loop on a "snowball effect" feedback cycle where the health of Ocean and the Ocean ecosystem rises as the usage of Ocean goes up. **Hosts & Guests** - Felipe Duarte, dekanbro, vengist, Vanilladelphia.eth - Alex Napheys from [Ocean Protocol](https://oceanprotocol.com/) --- 🌱 Welcome to our metaphorical garden! 🌱 ## Guest Introduction - Alex from Ocean Protocol: Alex's title is *DAO Community and Growth Lead* ## [[1:55]](https://youtu.be/NKAoyFRKhhw?t=115) Updates (DAOhaus Universe) - Discord reboot coming along and people are leveling up! - Holding a [HAUS token lotto](https://community.pooltogether.com/pools/xdai/0x757807F52A6A2947e48fC501f418b0cB9F1AEe81)! - Asked HAUS whales to help fund lotto - Level 2 supporters are now able to participate in Token Log (offchain voting for strategy and decisions that uses quadratic voting) - Even with a few HAUS you can stake - LPDAO coming up soon! - September 23 MetaCartel meetup in Denver - Wyoming Hackathon this same weekend - Hang out and invade the Wyoming Hackathon! ## [[5:37]](https://youtu.be/NKAoyFRKhhw?t=337) Ocean Protocol - What is [Ocean Protocol](https://oceanprotocol.com/)? - Onboarding future of *web3 data economy* — data as an asset class - How do we recognize and monetize this valuable data? - 2 sided marketplace like Airbnb, but "instead of houses it's datasets" - Buy datasets peer-to-peer via the protocol - [[6:35]](https://youtu.be/NKAoyFRKhhw?t=395) Ocean Marketplace, but there are others built on top of Ocean as well - Has numerous data sets on the supply side (such as Amazon ecommerce data, or road imaging data for example) - Any arbitrary data sets can be sold - Looking to train ML on data sets can come find - Contracts enable this: data doesn't go on chain since this is expensive - URL stored on S3, Filecoin, etc. and then is encrypted, and purchase access token to decrypt the URL - Kind of like an NFT - On the roadmap to potentially turn these into NFTs - [[8:44]](https://youtu.be/NKAoyFRKhhw?t=524) This isn't a *shadow data economy* with *shadow brokers* with big data selling info: - Sellers can sell fixed prices, or put into an AMM and live price data based on supply/demand - Marketplaces are hard since need *both sides of market* — what are they doing for outreach? - [[9:15]](https://youtu.be/NKAoyFRKhhw?t=555) How do you bootstrap a 2 sided market? - **Supply Side** - Reaching out through bizdev and sales on supply side - Reaching out to data companies with large data swathes - Spreading word to data practitioners - Organic marketing - **Demand Side** - User research and outreach to determine if data sets are valuable, and asking what datasets *are* valuable for companies - Curation is a key component - [[11:50]](https://youtu.be/NKAoyFRKhhw?t=710) How does Ocean avoid reselling of data? - This is about IP rights and IP ownership — can only sell the data that you have the IP rights for on the Ocean Marketplace client - *Designing for trust* but if there is a flag or call for arbitration there is *Ocean Purgatory* to flag and remove data from bad actors ## [[13:17]](https://youtu.be/NKAoyFRKhhw?t=797) OceanDAO - Public protocol grants DAO - Sits hand in hand with Ocean Protocol - Don't do governance voting on OceanDAO — strictly a grants DAO - Folks submit tokens and then community can vote with Ocean token - Whoever receives highest amount of votes get the grant funds until there aren't any grant funds left - [[14:46]](https://youtu.be/NKAoyFRKhhw?t=886) How does this work in practice? - OceanDAO runs monthly - Proposals due first Tuesday every month - Looking to increase amount round after round - In June, gave out $220,000 - In upcoming Round 8 (August 3rd) giving out $275,000 worth of grants ### [[15:40]](https://youtu.be/NKAoyFRKhhw?t=940) Ocean Protocol and OceanDAO - Flavors of Proposals: - Proposals are for building apps/integrations on Ocean or for unlocking data sets to get on the marketplace - Community and developer outreach - Improving Ocean core — software, documentation, etc. - Improvements to OceanDAO itself such as improving proposal process - [[16:42]](https://youtu.be/NKAoyFRKhhw?t=1002) If proposal comes in, there is a breakdown of how proposal can give a positive ROI back to Ocean ecosystem - If project can show positive ROI round after round, can justify giving grant based on the projection of in-excess value that can then be used to fund more projects → create a self-sustaining loop for projects - [[17:33]](https://youtu.be/NKAoyFRKhhw?t=1053) Other KPIs looked at for [MetaCartel Grants](https://www.metacartel.org/grants): - Community growth - How do you follow through with proposals? How to make sure they meet milestones or are doing what they set out to do? How is this handled? - Key question being asked: This is the *blue ocean* for DAOs - Need to define the mechanism — this is a UX problem: - Submit a proposal with milestones and how much it'll cost, who does what, etc. - Receive grant - How do I update about progress made? - How do I update in a Discourse forum post? "Come look here to see our traction" from a previous round - Monitoring and transparency around hitting milestones - Are you shipping the things you're trying to do and are funded for? - Proprietary dashboards in Airtable — able to self-report on Discourse - Core DAO team updates dashboard with milestones - Proposals that aren't being right for particular DAO — how do they get moved around between bigger world of DAOs? How to find fit with particular funding DAO? - 🌱 [[21:49]](https://youtu.be/NKAoyFRKhhw?t=1309)"DAOs in essence are just a way of coordination." 🌱 - As people join "new flavor of coordination" how do you find fit across DAOs? What does a funneling process look like? - Trying to find a DAO where you fit is also a big part of onboarding - Need a volume of proposals — need top of the funnel growth ## [[23:20]](https://youtu.be/NKAoyFRKhhw?t=1400) Social Process of Grant Funding - [[25:58]](https://youtu.be/NKAoyFRKhhw?t=1558) Identify the features trying to ship — be aware of how each feature can change mechanisms - If more mechanisms, governance surface area expands → more places for politics, debate, and devisiveness - Features → mechanism → politics - What are the core features that need to be implemented and focusing on the positive ROI projects - More nebulous things "bloat the political surface area" - 🌱 [[27:18]](https://youtu.be/NKAoyFRKhhw?t=1638) "Bad DAO leader if [you're] a 'leader'" 🌱 - Almost an oxymoron of a title - We often intervene in social process ### Felipe's Questions (Felipe's questions that Alex answers throughout this section) - As a project or manager, how do I understand if my positive ROI is due to the project (as opposed to some chance event)? - What are the mechanics to measure ROI? - Isn't the ROI the result of a collection of effort as opposed to each project? - How are we dealing with parallel work? - How does a core unit within a DAO see these things? - Rhythmic function to the DAO — is there friction? - [[32:13]](https://youtu.be/NKAoyFRKhhw?t=1933) Coordination, features, roadmap comes down to the OceanDAO core and this carries a lot of responsibility - Things that are being implemented are consciously based on conversations and feedback - [[33:00]](https://youtu.be/NKAoyFRKhhw?t=1980) Structure vs. creativity, emergent behavior vs. sticking to the rails/script - Assessing positive ROIs — there are fundamental metrics key to Ocean Protocol itself - Saying "Positive ROI" nebulously isn't enough — what does the positive ROI relate to within Ocean? - How much data is being consumed? - Are you launching more data sets (supply side)? - [[34:51]](https://youtu.be/NKAoyFRKhhw?t=2091) **Emergent behavior**: - "Process and structure is great because it gives projects a predictable and reliable source of funding." - How long are you going to be on grants before you're generating your own revenue (through something such as data selling on the marketplace)? - [[35:55]](https://youtu.be/NKAoyFRKhhw?t=2155) Listening and coordination is important: - There are things that need to be addressed within mechanics, and can adapt accordingly - "Nothing is absolute" — these are human organizations and can be updated - [[36:55]](https://youtu.be/NKAoyFRKhhw?t=2219) When people want to change things: - Asking if being reactionary (if there are politics in DAO) or being in the present moment and understanding the problem and solution, and solution isn't being met - These are 2 different scenarios - [[38:49]](https://youtu.be/NKAoyFRKhhw?t=2329) Sometimes acting fast is good! Injecting governance politics slows things down — this is usually good, but sometimes people need to act faster - This is an issue with flat organizations — what *can* kickstart an organization to a fast reaction? - [[39:43]](https://youtu.be/NKAoyFRKhhw?t=2383) One of the things that might help is the quality of the listening spaces being held and how seriously the information that comes out of these spaces is taken - 🌱 "One disgruntled person makes a lot more noise than sixty satisfied people." 🌱 - Both spectrums of reactions can be unproductive: Trying to change things because someone is upset in the moment OR shaming someone into silence - [[40:58]](https://youtu.be/NKAoyFRKhhw?t=2458) Ask "what is the quality and procedure of listening?" - Running out of words to explain things in a functioning DAO ## [[41:38]](https://youtu.be/NKAoyFRKhhw?t=2498) Historical Look at Cycles - Any notable proposals? Are there any anecdotes to share? How have things changed since launching the DAO? - Was involved with MetaCartel Grants → joined MetaCartel Ventures - Hopping on Discord, joining community calls, being active contributor - Ocean Protocol cofounders were in MetaCartel Ventures and Alex mentioned was looking for new situation — was brought on to summon DAO in Q4 2020 - Has been rewarding to see community grow round over round - Has been seeing earlier funded projects start to ship - [[44:55]](https://youtu.be/NKAoyFRKhhw?t=2695) Metrics for DAOs: - "Number of jobs quit for a DAO." - "Number of returning proposers." - 1) Transparency into *previous proposals* and ROIs — are people shipping with their proposals? - 2) Increasing voter turnout and solving UX around monitoring output are critical to these metrics - Contention is a useful component of DAO life - 🌱 [[47:30]](https://youtu.be/NKAoyFRKhhw?t=2850) "DAOs are politics. That's the whole point." 🌱 - More grant askers than grant receivers — great problem to have as it drives up quality of grants - How do you signal what you *don't* want? - Being *against* things — if you don't do this, you can risk being complacent - Introduced *no* voting into proposals starting at Cycle 5 - *Dream feature for Snapshot*: Giving a *qualified no* — explaining the no vote and provide feedback on why voting no - [[51:34]](https://youtu.be/NKAoyFRKhhw?t=3034) Started with the grants DAO — is it possible other parts of the organization (such as Ocean Protocol) will DAO up? - Contrarian take: Just a grants DAO, not a protocol or upgrade DAO → all public and open source, so go fork the protocol and update it instead of having it be within the DAO - [[52:27]](https://youtu.be/NKAoyFRKhhw?t=3147) "Herd Knowledge" - Many talk about things as if its common knowledge when it's not — *need to build knowledge base* to help bring folks who are on the fringe into the community - 🌱 [[53:28]](https://youtu.be/NKAoyFRKhhw?t=3208) We need to tell a "coherent story of the future" where it's worth pushing yourself towards an understanding "where you can shape yourself and present that shape to the world" 🌱 - DAOplomacy: How can DAOs work together? - OceanDAO doesn't have any *direct* DAO-to-DAO partnerships at the moment - Open to it when stars align! - DAO-centric information → added to Ocean supply side - 🪄 Many people hold tokens but don't realize that they can participate in governance - How do we help people learn this? 🎉 Check out [The DAOist](https://thedaoist.co) Event on July 23, 2021! 🎉 ## Resources - [Ocean Protocol](https://oceanprotocol.com/) - [Introducing OceanDAO](https://blog.oceanprotocol.com/introducing-oceandao-efe9ed681b84?gi=3a3b8b8c5f94) - [MetaCartel Grants](https://www.metacartel.org/grants) - [The DAOist](https://www.thedaoist.co/) - July 23, 2021