Skip to content

Latest commit

 

History

History
235 lines (172 loc) · 5.58 KB

20210310-meeting-doers.md

File metadata and controls

235 lines (172 loc) · 5.58 KB

Meeting notes: Doers standup call Mar 10 2021

Attendance

  • x48
  • banteg
  • doug
  • klim
  • facu
  • trach
  • luciano
  • doggie
  • dark ghosty
  • dudesahn
  • bull
  • orb
  • lehnberg

1. Weekly updates

1.1 Done

Vaults/Protocol:

  • Wrapper merged
  • Registry code updated
  • yearn-exporter: event and registry support with live updates
  • ape-safe: clean up chief-multisig-officer codebase, document it and release as ape safe
  • Final PWC audit report
  • Alchemix integration review
  • Migration and unwinding of ETH, USDC, DAI, USDT v1 vaults
  • PR fix based on fuzz testing
  • yvBOOST facilitation and heads up to pickle & sushi
  • Prepare yearn security talk for yAcademy
  • yearn.rocks deprecated in favor of ape.tax with docs
  • Unit tests for yearn-vaults repo
  • Scripts for monitoring vaults/strategies
  • weth v1 migration plan

Strategies:

  • Curve-dao gauge weights voting strategy codified - tl;dr exclude max boost vaults, then vote proportional to tvl
  • Iron Bank Curve changes
  • Single sided ETH strat for WETH v2 vault
  • crvRen BTC
  • YFI vault + strat
  • 1inch strat in ape.tax
  • Idle strategies fixes
  • Holyheld smart contracts
  • setup lazy ape sushi rewards

Keep3r:

  • proxy-job + jobs improvements
  • updated new curve keep3r job

Web/API:

  • pickle zap
  • website fixes
  • launch several new vaults on UI
  • yvecrv added to UI
  • Debug state issues on pickle implementation - DMARC fix

Governance:

  • Jan income statement and balance sheet
  • Governance Open Thread forum post
  • Coordinape launch
  • Multisig risk evaluation and legal advice
  • Reviewed multisig alternatives
  • Colony v2 discussions with Jack du Rose, launched collab
  • filled ychad audit for jan
  • paid subscriptions with mixbytes

Comms/Docs:

  • Spokesperson strategizing

Partnerships:

  • Lead generation survey
  • Announcement
  • Reach outs, 3 new groups, 1 phone call

1.2 Doing

Vaults/Protocol:

  • integration testing migrations with DAI and USDC Vault users
  • Adding historical data to yearn-exporter
  • gnosis-safe safe snap for executable proposals
  • Insurance backstop ideas
  • Αlerts for vault conditions via Telegram

Strategies:

  • strategy descriptions -building quick web dashboard for strategies settings review before preparing drill
    • strategies reviews
  • Finalizing IB vault
  • ETH v1 unwinding & migration
  • DAI and USDC v1 migration
  • Curve v2 template

Web/API:

  • v3 facilitation
  • Getting YLA, zapper zaps, and YFI/ETH migrations live on site
  • Web devs planning best practices/framework for v3 web codebase
  • More work on "lens" contract
  • Integrate lens into SDK
  • Host coordinape

Governance:

  • Org & comms structure
  • Hiring plan
  • 0.03% facilitation
  • Governance research
  • Coordinape alpha
  • Finish ychad audit for feb

Partnerships:

  • retroactive partner payments
  • lead generation follow ups
  • integration + legal work as required

1.3 Todo

Vaults/Protocol:

  • Registry migration plan
  • Redefine how to support metadata for vaults and strategies
  • Deploy updated Registry
  • Deploy yDAI and yUSDC (yTokens)
  • Create Curve LP wrappers + guest list combo for Curve migrations
  • Dev docs
  • Emergency drill for v2 vaults
  • Launch IB vault, coordinate with CREAM for marketing
  • Reimburse double dips

Keep3r:

  • Allocate funding for keepr jobs
  • Improve yKeep3r & yMechanics

Web/API:

  • Gas savings stats

Governance:

  • Add new yvyfi vault to snapshot
  • Feb financials

Partnerships:

  • Verify partnership data
  • Pay retroactive partner fees

1.4 Blocked

  • ETH vault unwinding
  • Need another reviewer
  • Improve process for strats roll-outs & migrations

2. Call-out topics

Vaults & Strats

ETH migration

  • Code + Web must be ready in order for migration to happen
  • Stick to the process
  • Don't run in front of the train, or Klim will eat you alive
  • Have full process ready before announcing

Phase 1 migration status

  • delayed, issues discovered with stables
  • everyone need to migrate from eth v1->v2 first, and then stables can migrate
  • Can we unwind the v1 vault?
    • As long as the v1 vault goes down to 1k ETH it should be fine
    • 15k current deposit size means it's unlikely it will migrate
  • v1 yYFI vault shows we can't expect anyone will move those funds
  • Facu, dude, bull to sync and organize migration plan

Phase 2 migration status

  • registry required (in process)

TVL

  • Needs to get finalized including proper subtractions for double-counting
  • Defi Pulse need on-chain contracts, in process

Other

Fund coordinape with farming

  • to fund grants
  • a lot of details to be fleshed out
    • how much YFI?
    • Timelocked?
    • What strategies?
    • Floor and Ceilings for how much of returns are used?
    • what's the spec?

Treasury: To diversify for stables or not

  • farming / dogfooding with our funds
  • fees earned is automatically diversifying our treasury
  • thought to put into diversifying the YFI holdings
  • could use vaults to farm gov tokens of other protocols as a way of diversifying
  • better to invest in our own protocol and make it ready for the bear market
  • making sure yearn is set for the medium and long term for sustainability

Advertising/displaying Net APY vs Gross APY?

  • Tide has changed, many other projects show APY after fees
  • Bull to spearhead honest farmer alliance (coalition for displaying standardized set of APYs between projects)

Boosting earnings by x1.5 to handle rising overheads

  • Focus on the main vaults, our bread and butter
  • Should we really put smaller tokens on prod before USDT?
  • Partners

Incentivizing yveCRV locks

  • Treasury YFI farming for boost
  • yveBOOST
  • Changing 10% lock amount into higher