Weekly Highlights
- RARI-related brainstorms with the community
- RARI Chain updates
- Protocol + RARI Chain Grants Sprint #1
- Events
- Deck & notes from Community call June 18, 2024
- Posted by EOW: Q1 Transparency Report Summary to forum
- Governance upgrade
- RARI Delegate Gas Reimbursement (Claim window open June 19-July 19, 2024)
- Delegate Incentives (priority topic)
- Ongoing governance discussions
Ecosystem Highlights
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Brainstorms
- RARI Rewards brainstorm
- Thursday, June 20, 2024 at 11:30am ET
- Objective: review outcome document, and dive deeper on design, incentives and mechanisms for the new rewards program
- Outcome/next steps: Discussed incentives at length and will meet again first week of July. Also invited Amelia to join the conversations going forward. This is a meaty topic with a lot of moving parts so know that steady progress is being made and detailed updates are forthcoming
- Attended by: Forexus, Dzonson, Firefly, plus RARI Foundation and Rarible stakeholders
- RARI Chain
- Dedicated time in the June 18, 2024 community call to discuss ecosystem growth for RARI Chain with the DAO (details in the community call deck linked below under “DAO Highlights”)
- Outcome: Established a working group with the RARI Foundation ecosystem team plus interested delegates to start collaborating on RARI Chain growth opportunities
- RARI Rewards brainstorm
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RARI Chain
- Camelot DEX Launch June 17, 2024
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Protocol + RARI Chain Grants Sprint #1
- Protocol
- Frame It: An Arbitrum x Farcaster Buildathon: RARI Chain builders are eligible for $500,000 rewards to create Frames with Arbitrum transaction support
- Grants
- RRC-25 Lock-up revision for Ecosystem Grants: pending execution
- Agreements and KYC is ongoing (dependant on RRC-25)
- Working through the details for Sprint #2
- Protocol
- Events
DAO Highlights
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General
- Community call deck from June 18, 2024
- Planning to post to forum by EOW: Q1 Transparency Report summary, shared on June 4, 2024 community call
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Governance upgrade
- Token contract upgrade on Arbitrum/RARI chain
- Based on ERC20Votes from openzeppelin: snapshots + delegation
- ERC20Votes is better suitable for Governance
- Testing on Sepolia/Arbitrum Sepolia/RARI testnet
- Good opportunity for upgrading default bridged token contract when there is low liquidity on other chains
- Allows to simplify governance UX in future on other chains
- Long term vision: multichain governance with hub on RARI chain
- Token contract upgrade on Arbitrum/RARI chain
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RARI Delegate Gas Reimbursement
- Process to claim reimbursement per RRC-21: Gas fee rebate
- Refer to the tutorial and submit the form when seeking reimbursement by July 19, 2024
- The claim period will be 30 days: June 19-July 19, 2024
- Foundation to line up the payment for the end-of-month payment cycle for July 2024
- The claim process will be announced on socials and DAO channels
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Delegate Incentives
- [Discussion] Empower active delegates
- VIP topic with cohort 2 delegations starting to ramp down
- The Foundation shared delegate amplification plans regardless of what the DAO decides
- DAO needs to decide how to take this forward. There is a great discussion ongoing from Bitblondy, Jengajojo, Forexus, Jaf, WinVerse, and Dzonson.eth to contribute to!
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Governance Discussions In Progress
- Tally
- RRC-26 Tokenomics Working Group Proposal - Voting live through June 24, 2024. GO VOTE!
- RRC-25 Lock-up revision for Ecosystem Grants - Pending execution
- RRC-22 DAO Treasury Diversification Plan - Pending execution once the implementation details are finalized
- Forum
- [Discussion] Empower active delegates - Discussed in June 18, 2024 community call (slide 6). DAO to decide if they want a working group or a dedicated call to deep dive on delegate incentives
- RRC-24 Empowering Latin American Artists Through Art - Updated version addressing community feedback. Please comment with any new feedback, insights, or questions
- RRC-XX: Legacy Treasury Proposal - Newly posted by Arik as of June 17, 2024
- RCC-XX: Pulse of Creation – Shaping the Future of Crypto Artistry - To be discussed in a future community call
- RRC-XX: Protocol fee switch - Discussed updates in June 18, 2024 call. This proposal serves as MVP, the DAO can decide where to allocate the fees in future proposals. New comment from Eugene posted HERE
- [Discussion] Reviving Rari Chain: A Call for Community Action - Brainstormed with the community in the June 18, 2024 community call. Details outlined above in the Ecosystem Brainstorms section and community call deck
- [Discussion] Governance Working Group - RARI Foundation reply [Discussion] Trial run a Governance Working Group - #11 by addie. Working towards sponsorship to go to Tally
- RRC-XX: A Clearer Grants Committee Mandate - Foundation to review & reply with any feedback, insights, or questions by next week
- Tally
What’s next
- Community call July 2, 2024. Please comment if you want to include anything on the agenda
- Tally gasless voting
- RARI Delegate Gas Reimbursement
- Delegate incentives program
- Conversation kicked off by Jengajojo’s forum post: [Discussion] Empower active delegates. Contribute to the conversation for ways to maintain your delegate status with RARI!
- RRC-XX: A Clearer Grants Committee Mandate - Foundation to review & reply with any feedback, insights, or questions by next week
- Deep dive on RRC-XX: Legacy Treasury Proposal
- WinVerse and/or other interested delegates may brainstorm bringing back weekly community calls. Though, these calls would be community-driven with the Foundation attending vs driving the discussion. Delegates, please let us know what you would like to do!
RARI DAO Resources