# Token Talk 02/07/2024 ## Metrics State of $RAID ### Price - $0.001935 - up 0.1% 7d ### Liquidity $17,732 ### Market Moves - Pretty quiet - Choppy - Memes on Base ## Topics - Ideas for using "saved" $RAID - Proposal for buying ETH (staked?) - Proposal for X% WXDAI in Aave (or other) - Champion staking --- https://miro.com/app/board/uXjVN7SwVvg=/?share_link_id=243790320224 ### Champion Staking - Scott looking for collaborators - Champion Staking - Hats eligibility module - Stake - Claim - Hat is role - Access to Discord - Easy rewards for membership - Current solution was temporary - RAID from Season 3 - Use it for Hats project - Maybe offer a bonus - Establish precedent for how those funds can be used to incentivize utility - Rite of Moloch is not for cohort - Pre-championing ### ETH Staking - Roundtable hornet's nest - Buy something with xDAI - Staked ETH - No liquidity on Gnosis Chain - Topic got bigger quickly - Different chains --- - Find an arbitrator on Optimism for Smart Invoice - Lex DAO does not support arbitration anymore - Ross is not active - Lex DAO got funds from Optimism --- - Move funds to Optimism - Mandate how to deal with it - Don't need to migrate DAO yet - Set up limited use case - Focused group - Like the FDD Setup - Like the Mainnet multisig --- - Funds that are not ragequittable - Slippery slope - Do not want a high % not ragequittable - Moloch's value --- - Proposal for budget - Clear about what the funds are for - Keep it simple - Avoid the bigger discussions - If our confidence increases it is because things are working - Come up with a specific proposal - Simple and quicker - May miss solving the cross-chain problem - ETH going up soon - If we wait 2 - 3 months we will miss current price - May not be this low again --- - Proposal before ETH Denver - Buy staked ETH pilot - Test out another chain - Dipping toes into treasury management - Come to next week prepared - Get proposal in for Round Table #### Questions to Answer - Which chain? - How much? - Which token? - What are the pros and cons? - What timeframe? - What does success look like? - What is done with the profits? - How are we paid?