Minutes: Tokenomics Meeting [odd Tuesdays]

[moul]

Longterm issue to keep track of discussions and PRs related to the Tokenomics Meetings.

Instructions: TODO

[moul]

Meeting 3 -- Web 2 Aug, 2023

Attendees: @waymobetta @zivkovicmilos @mvertes @ajnavarro @harry-hov @gfanton @tbruyelle @MichaelFrazzy @moul @giunatale @piux2 @peter7891 @ValehTehranchi

Topics

• Someone should develop a script to generate a report of resource consumption for each supported opcode in GnoVM, so that we can define a mapping and fee rules for each opcode.
• 3 fees planned
  • package deployment (Package calls + deployments cost a fixed number of ugnot gno#649)
  • package call (Package calls + deployments cost a fixed number of ugnot gno#649)
  • storage rent, based on realm's banker module
  • Review opened questions from last session

[MichaelFrazzy]

Meeting 4 -- Wed 16 Aug, 2023

Attendees: @waymobetta @ValehTehranchi @zivkovicmilos @ajnavarro @harry-hov @MichaelFrazzy @moul @adrianakalpa @piux2 Adriana, Michelle

Topics

• Initial GNOT airdrop simulation code, demo, and results
• Fee equation progress and initial fee simulation code/ideas (how to determine network congestion, see previous comment. Script to generate resource consumption would be very helpful, as well as other metrics to judge Gno.land network congestion)
• Game of Realms / Evaluation DAO regular meetings started again hosted by @ValehTehranchi and @waymobetta
• What % of fees go towards contract authors and sustained ecosystem development moving forward before being changed by a post-launch Contributor DAO vote
• No GNOT required for moving up the Contributor DAO tier list but likely for building a realm/dapp/chain on top of Gno.land

[MichaelFrazzy]

Meeting 5 -- Tue 29 Aug, 2023

Attendees: @zivkovicmilos @ajnavarro @harry-hov @thehowl @gfanton @MichaelFrazzy @jefft0, Christina, Adriana, Sean

Topics

• Demo of finalized airdrop simulation/aggregation and resulting GNOT distribution. Research into top 10 resulting holders
• Demo of fee equation data/block scraping scripts. Pulling ETH 2.0 and similar smart contract platform data to weight future Gno.land fee equation simulations. Concurrency/async, optimization, error handling, etc added to scripts
• Discussion regarding the Gno.land/GNOT fee equation and how splitting CPU cycles, bytes stored, and network congestion parameters (as the equation currently stands) could protect against attack vectors. Issues being created to finalize decisions/parameters. Will run the equation by @jaekwon after that point, before building fee simulations based on it
• Prep for structuring meeting on Friday with Sean
• Astrovault/general AMM tokenomics discussion
• Reviewed a large batch of tokenomic documentation, one final review either with a small group or with @moul required before final submission on GitHub

[MichaelFrazzy]

Meeting 6 -- Tues 12 Sept, 2023

Attendees: @moul @waymobetta @gfanton @ajnavarro @tbruyelle @piux2 @harry-hov @thehowl @albttx @mvertes @MichaelFrazzy Andrew K, Adriana, Giuseppe

Topics

• Fee equation progress/discussion
• Structuring and decentralization clarification for Sean and the legal advisors
• Gno concurrency benefits
• Gno.land launch validator network and eventual switch to ICS/ICS2
• Evaluation DAO incentive/deterrent system
• GoR & Evaluation DAO meeting starting back up
• Discord AI summarization bot concept & initial implementation

[MichaelFrazzy]

Meeting 7 -- Tues 10 Oct, 2023

Attendees: @ajnavarro @waymobetta @moul @gfanton @harry-hov @mvertes @michelleellen @thehowl @ValehTehranchi @MichaelFrazzy, Andrew K (Onbloc), Sean, Adriana

Topics

• GitHub / Proof of Contribution / Game of Realms Automation Scripts demo
• All in Bits Custom AI demo and future ideas
• Fee Equation progress and submission to @jaekwon
• Astrovault DEX Discussion

Recording: https://drive.google.com/file/d/1TDW07_-50LHgdnma8hLigMHpC9i1aSGV/view?usp=sharing

[MichaelFrazzy]

Meeting 8 -- Tues 07 Nov, 2023

Attendees: @ajnavarro @gfanton @harry-hov @ilgooz @moul @piux2 @MichaelFrazzy Andrew K, Adriana, Danny S, Lali, Phil H

Topics

• Retreat Changes

• New 3-DAO structure: GovDAO, WorxDAO, EvaluationDAO

• DAO naming schemes

• GitHub & GoR Automation Scripts

• Contributor user profiles

• Fee Equation progress, EIP 1559 integration with Gno.land Fee Parameters gno#1106

• GNOT staking substitution (bonding)

• New grant proposals

Recording: https://drive.google.com/file/d/1A952wmAwVXY36MYC0AcCjui4ufE86rv_/view

[MichaelFrazzy]

Meeting 9 - Tues 05 Dec, 2023

Attendees: @jaekwon @moul @mvertes @thehowl @waymobetta @giunatale @harry-hov @gfanton @tbruyelle @lbrown2007 @MichaelFrazzy Adriana, Andrew K, Christina, Valeh, Danny, Dylan,

Topics

• Jae confirmation/discussion
• WORX reward system vs flat USD system
• Fees and gas
• Ecosystem funding and fee allocation
• Misc issues

Recording (2 1/2 hours): https://drive.google.com/file/d/1FUzBwwvt5An6N2vyxvFfOkQ78K214VTa/view

[MichaelFrazzy]

Meeting 10 - Tues 19 Dec, 2023

Attendees: @ajnavarro @giuseppe @deelawn @gfanton @waymobetta @leohhhn @moul @thehowl @petar-dambovaliev @piux2 @tbruyelle @mvertes @MichaelFrazzy Adriana, Andrew K, Giuseppe, Sean, Taylor

Topics

• GoR progress on scripts, scoring systems, and French discussions

• Planning to finish porting math/rand to Gno

• Game of Life created in Go, has yet to be ported to Gno

• Moses Christmas simulation for Jae and the team!

• Progress of gas, gas meter, and the final fee equation with Ray and Dylan

• Reward debate: fee based vs salary/USD/UBI based

• Defined 10 Tier One contributors as the first goal, with a 50% cap on a single company scaling down from there

Recording: https://drive.google.com/file/d/1Qkz7QOa8BMJc1kyOJVKDyLytaeBeol3u/view

[MichaelFrazzy]

Meeting 11 - Tues 16 Jan, 2024

Attendees: @albttx @adrianakalpa @ajnavarro @deelawn @gfanton @harry-hov @ilgooz @jaekwon @Ticojohnny @kristovatlas @lbrown2007 @moul @MichaelFrazzy @mvertes @zivkovicmilos @thehowl @petar-dambovaliev @piux2 @tbruyelle, Andrew K, Christina, PhilH, Taylor, Nathan, Frank

Topics

• High-level summary of current Gnoland designs and decisions

• Reward and tier level promotion

• AI discussion

• KYC and member alignment

• Ramping up tokenomics discussions

Recording: https://drive.google.com/file/d/1TKLc4BIAqruhZPLOF4ooTOWx8qDUBPtu/view

[MichaelFrazzy]

Meeting 12 - Tues 13 Feb, 2024

Attendees: @jaekwon @adrianakalpa @deelawn @gfanton @harry-hov @Ticojohnny @waymobetta @kristovatlas @lbrown2007 @leohhhn @mvertes @MichaelFrazzy @thehowl Giuseppe, Andrew K, Nathan, Sean, Taylor

Topics

• User/Contributor profile system update (GitHub scripts for timestamping, metric scraping, etc for Game of Realms revamp and eventual mainnet DAOs)

• AtomOne analysis framework demo, including generated Excel docs and Plotly/Dash functionality

• Validator deterrent discussion (freeze + manual review of bad actors, trustworthiness score, potential collateral required, etc)

• Weighted/dynamic deterrent system to differentiate between accidental and minor infractions vs intentional exploits/malicious code

Recording: https://drive.google.com/file/d/1hgJdrE6gCSQvZVTmufhDlcfbx3ArhZHn/view?usp=sharing