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# System prepended metadata

title: Token Talk 02/07/2024

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# 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

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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

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- 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

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- 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

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- Funds that are not ragequittable
- Slippery slope
- Do not want a high % not ragequittable
- Moloch's value

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- 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

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- 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?
