Weekly meetings 0xJMG and rspa_StableLab

[rspa_StableLab]

To help me get up to speed and to hone in on the most important challenges, @0xJMG and I meet once a week and discuss how StableLab can best support Reserve Protocol.

I’m going to be posting our meeting notes here for the sake of transparency, but also to give everyone a chance to chime in, ask questions or add points to our agenda.

The meeting notes will be posted as a reply to this post, feel free to quote and reply or just reply.

[rspa_StableLab]

Apr 5, 2024 Raphael & James 1:1

• In the beginning of collaboration: we keep the 1:1 calls between James and Raphael to accelerate fast answers and decisions. Raphael to post notes in Reserve gov forums afterwards - see here.

• Biggest current difficulty: how does governance flow work from RFC (Discourse) to IP (Register.app).

  1. How can we improve integration?

  2. How can we improve ease of use/adoption?

  3. StableLab create revised diagram and process: Suggested governance flow for RTokens

  4. Sync with Reserve engineering (Patrick) on technical details

• Raphael to get familiar with Reserve’s Discord Security Audit

• Wanted: RFC and IP updates in Discord that are delightful and inviting to use, notification service options?

1. Create a new Discord category “Governance Alerts”
2. Break into two Discord channels
3. Governance RFCs - Integromat for Forums is really good
4. Governance IPs - Onchain gov alerts are not user friendly

• Eng team currently using Hypernative but this solution is currently insufficient

• Compound and Olympus have very user friendly gov IP alerts channels - maybe we should mimic this?

• Friday weekly recap of governance RFCs and IPs pass or rejected, with forecast of what is coming in next week

  1. James to add RToken community leads (Tom hyUSD, 0xSleepy ETH+, bsdETH) to StableLab<>Reserve telegram

  2. Request status report on “this weeks RFC and IP” activity every Friday, to which StableLab will collate and synthesize into notes published weekly on gov forums

  1. 0xSleepy: ETH+, bsdETH, dgnETH
  2. Tom Sawyer: hyUSD
  3. Griff (for now, wil add rex later): rgUSD
  

• Other open questions to explore (that we did not have time for on April 5):
  What emergency DAO actions should be prioritized? Create a debate map around that.

[rspa_StableLab]

Meeting notes from 2024-04-19

Action Items

• Raphael will check the governance calendar for new events and make necessary updates.
• James will meet with Patrick, John, Libby, and Tom to discuss governance alerts on Thursday at 8:30 AM EDT.
• James is to reach out to Nevin about Raphael facilitating a workshop or talk in the upcoming conference.
• John HQ needs to assess the Notify bot and consider its integration and security implications.

Key Updates

• Raphael and James discussed integrating various APIs or bots to improve notifications and governance in their platforms.
• They touched on the automation of notifications via services like Mailchimp, Zapier, and Tally.
• James and Raphael discussed routes to approach various DAOs with proposals to integrate rTokens into their treasury.

[rspa_StableLab]

Meeting notes from 2024-04-26

Action Items

• Raphael and Jose will publish upcoming on-chain polls in the gov-alerts channel on Discord manually, until a better solution can be implemented.
• There will be no current Telegram notifications to limit implementation and maintenance cost.
• Patrick will come on Thursday’s Governance Open Mic to talk about Reserve app development.

Further Discussion

• Raphael to publish a thread about emergency action whitelisting, so the discussion around the topic can be used to amplify knowledge throughout the ecosystem about the pros and cons of that.

[rspa_StableLab]

Meeting nores 2024-05-13

• Getting votes to pass, we might need a whale database
  • Explore Gitcoin Passport to possibly offer registered voters incentives for providing communications channels.
  • Raphael to provide feedback on how an RToken Governance leaderboard should look like and how it would be used?
• Delegate RSR to StableLab? No
  • Pros: yes can get votes to pass
  • Cons: should be neutral.
    Should not pursue this.
• Could we recruit PaperImperium and MonetSupply as RToken governors?
  • Delegation: helps with getting over quorum
  • Is delegation really decentralized?
  • A16z’s approach to delegation and what can be learned from them
  • StableLab to look into this but it is not a slam dunk
• Forum categories with individuak preview thumbnails - when is Jake back?
• Friday governance standup on Discord - whats the agenda?
  • Raphael to drive that meeting and set agenda

[Jose_StableLab]

GovOps Agenda May 31st

Notes

• eleosUSD has a similar collateral basket to other RTokens, efforts need to be made to differentiate.

• RSR onchain liquidity in Ethereum and offchain in Binance is decent. On arbitrum there is lower liquidity but a reason for it is the token was recently deployed. Community is engaged in increasing RSR liquidity in Base.

• Reserve onchain proposals without prior forum discussion are to be avoided, current cases are due to updates in new projects that do not have depositors yet.

• 3.4.0 Upgrade code is almost ready, upgrade will be implemented in one go. bsdETH and hyUSD are waiting for the implementation. Wrapped collaterals will get benefitted from the upgrade, but some collateral will need to be unwrapped. The implementation is straightforward, an explanatory text will be provided to aid deployers.

[Jose_StableLab]

Notes:

• fdUSD is issued by Binance and was created in response to the deprecation of BUSD because of legal issues.

• Lift Dollar will generate risk-free yield.

• USDM and M0 are currently under construction and just raised funds.

• 3.4.0 Upgrade is designed to make all current rTokens upgradeable. StableLab is currently working on a list to provide an overview on which rTokens have been upgraded.

[Jose_StableLab]

GovOps meeting notes June 14th

PaperImperium from GFX Labs:

He joined the DeFi space in 2021 and is engaged with Maker and regulators in stablecoin policy.

To the question of How does the stablecoin market looking?

• There is genuine demand in jurisdictions where dollars are scarce.
• Tokenized bank deposits might have limited demand.
• Paxos has lacked development of use cases for their USDP stablecoin.
• Big stablecoin issuers are very successful but competitors are struggling to find profitability.
• People wanting to spend their money irl will be a big driver of demand for stablecoins and offramp methods.
• Tether is in the best position and they can just play conservatively and keep increasing their dominance.
• People into crypto prefer USDT in Tron.
• Maker has to balance the demand for leverage vs the demand for DAI.

We would like to have all RToken upgraded by the end of June.

Proposals to upgrade for unupgraded RTokens should be submitted next week.

[REDACTED] proposal for eUSD.

[Jose_StableLab]

GovOps agenda June 28th

[Jose_StableLab]

Meeting notes:

• ETH+ is the third depositor of rocket ETH.
• 0xSleepy will not be proceeding with “[RFC] Reduce ETH+ backingBuffer from 0.25% to 0.05%” since it was determined to be detrimental for $RSR holders.