Profile of JanaBe in Rari Foundation

Posts by JanaBe

• RRC-xx: Continuation of RARI DAO Security Council by JanaBe - This user is a moderator
  Posted on: Sept. 23, 2024, 12:28 p.m.
  Content: hey @jengajojo thanks for the questions. We’re proposing the same security council members for a couple of reasons: To ensure qualified delegates with links to our community, established reputation, and the right profile (technical and/or governance expertise) To comply with a requirement of one member being the Director of the Foundation and for geographically dispersed members (Americas, Europe, Asia) Technical members: Eugene, Andrei, Jaf. Governance&technical: StableLab. Let us know if there’s anything else!
  Likes: 4 Replies: 0
  Likers: jaf, sixty, bitblondy, jose_stablelab
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• RRC-xx: Continuation of RARI DAO Security Council by JanaBe - This user is a moderator
  Posted on: Sept. 10, 2024, 3:21 p.m.
  Content: Submitted by: Jana Bertram This draft proposal is to gather community feedback before progressing for an on-chain vote. Abstract This RRC-XX proposes to extend the term of the current committee consisting of a DAO-appointed 5 -member multi-sig (“Security Council”), which has the ability to perform emergency and non-emergency actions such as urgent upgrades, minor, routine maintenance to the Rarible Protocol, and stoping DAO hack attempts. Motivation A vital body to mitigate risks associated with decentralization of the Rarible Protocol and RARI chain is the security council. All 5 members of the DAO-appointed multisig expressed desire to continue their engagement and would like to extend their term. This proposal suggests to extend all 5 of them until end of September 2025 ( 12 months). A functioning Security Council is a mechanism to prevent governance attacks in which an attacker acquires voting power through legitimate means (e.g. buying tokens on the open market) but uses that to manipulate votes to their own benefit - e.i. exploiting the DAO’s treasury or the Protocol via skewing governance or introducing Protocol vulnerabilities. Rationale All current Security Council members performed their roles diligently and in a timely manner. They are trustworthy and engaged members of the DAO community. Specifications (A) Proposed Security Council members The RARI Foundation nominates the following members of the Security Council for a 12 -month term: Campbell Law, current Director of the Foundation; wallet address: 0 xd 9 C 3 EeD 65968443 F 8587 Bb 068 e 6530 A 48 dB 5 d 177 Andrei Taraschuck, current delegate; wallet address: 0 x 25 Ad 94 C 7768108666 BfDB 6742 aB 66 b 109 CA 82946 StableLab, professional delegates, represented by Mattew Stein; wallet address: Stablelab.eth Jafett Sandi, current delegate of the RARI DAO and grants committee member; wallet address: 0 x 636 e 1 f 9 A 9 Cb 926 a 69441 DcE 54 Aa 9 e 490 CFe 6 D 4 D 6 Eugene Nacu, current Tech lead of RARI Foundation; wallet address: 0 x 978 EBcd 18 c 5 A 0 d 829 C 061566 AA 84227 e 9618 C 1 A 4 The Safe multisig wallet addresses the Security Council uses to perform its functions are: Veto function: eth 0 xd 35 ec 9 F 67 Aa 082 Ae 666 be 1716 C 79291 f 1 f 6 e 4 E 0 a (majority threshold: 3 / 5 ) Upgrade function: eth 0 xa 5 e 4514145463385 aEF 763 Fc 8161 CB 42 b 92 c 74 f 2 (majority threshold: 4 / 5 ) (B) Appointment and Removal The members of the Security Council will serve a term of 12 months. The future members of the council may be appointed via the RRC process or via an on-chain election process if the community decides to establish on-chain elections with a stand-alone proposal. The members of the Security Council must act upon the direction of the director of the RARI Foundation as well as the RARI token-holders pursuant to the RRC. Failure to act in accordance with directions from either the director of the RARI Foundation or the RRC Process constitutes a reason for an ad hoc removal of Security Council members. Such removal shall follow the RRC Process, and one member of the Security Council must remain in place. The number of members on the Security Council may also be expanded or reduced pursuant to the RRC Process, provided that (i) there must be at least 1 member on the Security Council and (ii) at least 1 member of the Security Council must be a director of the RARI Foundation. (C) Compensation Security Council members are entitled to compensation of 2 , 000 USDC per month. Steps to Implement N/A. All proposed Security Council members are already part of the multi-sig committee. Overall Cost $ 120 , 000 per year, to be covered from the Foundation’s operational budget.
  Likes: 7 Replies: 0
  Likers: jaf, gozmangonzalez4, bitblondy, sixty, lionmsee, pgov, sohobiit
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• [RRC-XX] Enhancing Multichain Governance: Upgrading RARI DAO Token on Arbitrum and RARI chains by JanaBe - This user is a moderator
  Posted on: July 29, 2024, 8:31 a.m.
  Content: @bitblondy the new token would be deployed on Arbitrum One and on RARI chain to start with. The original token on ethereum mainnet would still be available for voting, but it would need to be wrapped (instead of being locked into veRARI).
  Likes: 2 Replies: 1
  Likers: jaf, bitblondy
  Replies:

  • bitblondy: Thanks for the clarification, sounds good that it would still be possible to vote with the ETH version.
• [RRC-XX] Enhancing Multichain Governance: Upgrading RARI DAO Token on Arbitrum and RARI chains by JanaBe - This user is a moderator
  Posted on: July 25, 2024, 9:03 a.m.
  Content: Indeed, @Jaf, there is flexibility in deploying the new token contract on other chains. The DAO can vote to deploy the token in any other ecosystem—the Arbitrum One + RARI chain is just to start and learn from, too, before the contract is deployed on more networks. As per how many tokens to aim to have migrated to the new contract, we can aim for 150 k RARI migrated & delegated at min to preserve the current level of participation (assuming 20 k quorum, the threshold of 15 % >> 100 % is around 135 k) - but this target can be discussed with the DAO as there could be strategies to deploy to have more than 1 M RARI bridged.
  Likes: 2 Replies: 1
  Likers: jaf, bitblondy
  Replies:

  • Jaf: Thanks for the prompt response. Makes sense to me
• [RRC-XX] Enhancing Multichain Governance: Upgrading RARI DAO Token on Arbitrum and RARI chains by JanaBe - This user is a moderator
  Posted on: July 24, 2024, 10:53 a.m.
  Content: thanks @Jaf @Sixty @forexus for the comments Here is the revised proposal with added context as discussed during the governance calls. Kindly read through it and shoot over any more suggestions or questions: This is a draft proposal by the Rari Foundation, informed by discussion with the RARI DAO and the desire of the DAO to make RARI DAO governance more accessible and effective. Abstract The RARI DAO seeks to enhance its governance framework by upgrading the RARI token contract and bringing its governance from Ethereum mainnet to the Arbitrum ecosystem. This proposal outlines the implementation of a custom L 2 token on Arbitrum, facilitating efficient governance processes while reducing user costs and improving overall accessibility for RARI DAO. This proposal asks to register the custom L 2 token and to propose the Arbitrum DAO to implement a custom gateway on Arbitrum native bridge. Motivation The RARI DAO is governed by the $RARI token, which, when locked in veRARI, grants voting access. The current token contract and governance hub are on the Ethereum mainnet, making participation in governance costly due to high gas fees for locking, delegating and on-chain voting. The RARI DAO has repeatedly asked to reduce governance fees, which is now possible thanks to the possibility of migrating governance to RARI chain and upgrading core governance contracts, including the token contract. The current token contract is on Ethereum mainnet and is not upgradable. The RARI DAO wishes to upgrade its governance, a part of which is a token contract upgrade with snapshots and delegations embedded. We will also need to change the mapping on the Arbitrum native bridge router and implement a custom gateway pending a successful Arbitrum DAO vote. Rationale The RARI DAO governance upgrade is designed to make governance more accessible by simplifying the UX, reducing gas fees, enabling new token functions, and allowing for multichain governance. This will allow for higher governance participation and will position the DAO to be able to govern the RARI ecosystem beyond Ethereum Mainnet, which is an imperative given that the Rarible Protocol is a multichain product and that the DAO governs the recently launched RARI chain. As the RARI token contract is on Ethererum mainnet, and not upgradable, a new custom token contract needs to be deployed. This proposal outlines the plan for a custom L 2 token implementation, starting with the Arbitrum ecosystem. Key Terms RARI token: RARI DAO governance token (https://etherscan.io/token/ 0 xfca 59 cd 816 ab 1 ead 66534 d 82 bc 21 e 7515 ce 441 cf RARI DAO: body governing the Rarible Protocol and RARI chain Custom L 2 RARI token: upgraded and simplified RARI token to be used in RARI DAO multichain governance moving forward Arbitrum ecosystem: Arbitrum One and RARI chain L 3 Specifications RARI token in question (https://etherscan.io/token/ 0 xfca 59 cd 816 ab 1 ead 66534 d 82 bc 21 e 7515 ce 441 cf) does not have upgradability nor allows the owner to register in the arbitrum token bridge router. As such, a new customer L 2 contract with snapshotting and delegation functions needs to be deployed. The proposed upgraded token contract was fully audited and can be found here: https://github.com/rarible/protocol-contracts/pull/ 305 1 . Token contract was deployed to Arbitrum Sepolia, RARI testnet (which is on top of Arbitrum Sepolia) and all contracts were tested manually as well. For this contract to be deployed on Arbitrum One and RARI chain mainnet, a custom L 2 token pathway needs to be enabled in the Arbitrum native bridge, for which the RARI Foundation will submit a proposal, pending this proposal will be voted in. For context, there will be several more actions to take place for the governance upgrade to be complete on a technical level: custom L 2 token implementation custom pathway in Arbitrum native bridge multichain governor contract upgrade current RARI token wrapping contract for mainnet tokens to be usable in the multichain governance As a result, the L 2 RARI tokens, and the wrapped mainnet tokens will be possible to use for RARI DAO governance as they are. The veRARI model will be dropped and all locks will release once as the upgrade is complete. RARI token holders will then be incentivized to bridge to the RARI chain (new governance hub), at minimum, by offering costless bridging. The RARI chain will in the meantime complete DeFi integrations to ensure there is liquidity and trading options for RARI tokens as they enter the ecosystem. Steps to Implement upon passing of this proposal, the custom L 2 token contract will be deployed on Arbitrum One and RARI chain RARI Foundation will then submit a proposal to the Arbitrum DAO to enable the custom gateway on the native bridge and investigate incentive funding possibilities Once the custom pathway is enabled, further proposals will be submitted to the RARI DAO to complete the governance upgrade (e.g. new governor contract, planned incentives) Full governance migration will be announced during fall ' 24 ; exact timing will depend on technical readiness Timeline A custom L 2 token contract is ready to deploy upon this proposal’s passing. The arbitrum proposal is ready to be submitted to the Arbitrum DAO’s forum upon this proposal’s passing. Overall costs N/A
  Likes: 4 Replies: 3
  Likers: dzonson.eth, jaf, jose_stablelab, gozmangonzalez4
  Replies:

  • Jaf: Thank you, @JanaBe. This really clarifies the plan for me. As per upgrading the RARI DAO token I fully support the idea. However I still believe is important to address these 2 questions Jaf: How many tokens will be migrated? Are we planning to deploy the token on any other chains in the near future? I’m asking again because deploying $RARI on Arbitrum requires migrating DAO tokens to ensure sufficient liquidity. And at the same time we need to ensure that the DAO remains flexible and able to take advantage of future opportunities, should we decide to deploy $RARI on another chain later on.
  • forexus: Thank you for this @JanaBe , exciting to see this happening! On to the future
  • bitblondy: Also excited to see the proposal. It’s one of the more obvious features to have a cross-chain token, also with regard to reviving RARI chain. Do I understand correctly, that it will first be deployed on Arbitrum, and this includes RARI chain as L3? And I assume voting on Ethereum will not be possible anymore, since veRARI will be discontinued? I support the idea to bring some sort of incentive with that and ensure liquidity, as @Jaf already pointed out, not that there will be less voting power in the end.
• [RRC-XX] Empower active delegates by JanaBe - This user is a moderator
  Posted on: July 23, 2024, 5:15 a.m.
  Content: Thanks, @jengajojo, for this proposal and everyone for the feedback shared. I wanted to jump in with Foundation POV. Apologies for the long response, but there is a lot to cover - happy to dive deeper in the next proposal review call. Delegate launchpad program will run again at the end of Q 3 - the current cohort is invited to reapply. We believe this is the best way for new delegates to enter the DAO and for current delegates to re-acquire delegations. The Delegate launchpad is designed to fast-track delegates, who are encouraged to seek community delegations rather than stay sustained via Foundation delegations Programs that enable concentration of power are problematic - one single delegate should not be able to meet the quorum. Agree with SL that more active delegates with smaller and/or similarly sized distribution is better for decentralised governance than a few whales. DAO capture via consolidation of voting power is a real threat veRARI model will be dropped per DAOs discussion and Eugene’s post - timing to coincide with the next Delegate Launchpad cohort Only RARI tokens the Foundation has available for delegations are under the Delegate Launchpad. Any other program would need its own budget That said, agree with SL that a single delegation should not supersede 5 k veRARI / proposal threshold. The aim here is to empower, which this achieves. The 5 k should be delegated only to those with the top delegate scores (see delegate scores on rari.foundation delegate profiles) AND who have been an active delegate for a period of at least 6 months (active delegate as described in RRC 9 ). 2 k bonus should be given only to those 2 k delegations or under, an only to a defined number of top delegates (again based on delegate score). A budget needs to be set for this initiative. E.g. 3 x 5 k delegation + 5 x 2 k delegation = 25 k. I’d advocate to wait until veRARI model is dropped, so we don’t undergo costly locks that are soon released. Given the upgraded governance will not use veRARI token structure, there needs to be a time limit on Foundation delegations. We suggest 6 months - as the Foundation needs to be able to re-delegate if a delegate becomes inactive. All that said, delegates should really seek community delegations as the Foundation is here to facilitate becoming a delegate and promote diversity in the delegate ranks. Retention should be up to the delegates and their efforts to convince token holders to delegate.
  Likes: 2 Replies: 1
  Likers: jaf, bitblondy
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  • jengajojo: Thanks for the update @JanaBe JanaBe: A budget needs to be set for this initiative. E.g. 3x5k delegation + 5x2k delegation = 25k. I’d advocate to wait until veRARI model is dropped, so we don’t undergo costly locks that are soon released. Does this mean the tokens need to come from the Dao treasury to be sent to the foundation wallet, so that the foundation can lock and delegate? Finally, this is the consensus I have gathered so far Have a 5k veRARI cap Max lock of 6 months Include delegate scores in the scoring mechanism
• RRC-XX: A Clearer Grants Committee Mandate by JanaBe - This user is a moderator
  Posted on: May 30, 2024, 4:13 p.m.
  Content: Thanks, @WinVerse, for this initiative! I’m chiming in on the point about shifting the Grants committee more towards the community. The initial thought behind having the committee be 50 / 50 between the delegate and the Foundation was to ensure we work together and always reach a consensus. The EGF was entrusted to the Foundation to manage, and as such, the Foundation disburses the payments, conducts KYC, and enters into contracts. Hence, it is important that the Foundation holds half the seats on the committee and the multisig. As consensus is achieved by 3 out of 4 , the Foundation cannot overrule the delegates and vice versa.
  Likes: 4 Replies: 0
  Likers: grey, winverse, coffee-crusher, jaf
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• RRC-21 Gas Fee Rebate for Delegates On-chain governance by JanaBe - This user is a moderator
  Posted on: May 13, 2024, 11:40 a.m.
  Content: @Jaf Tally’s gasless voting is ready! The DAO can define a set of parameters for wallets to qualify for gasless voting: e.g. a wallet holds or is delegated min of 100 veRARI is eligible for 10 gasless votes in the remainder of 2024 . As a note, gasless voting does not include submitting proposals. If proposal submission is to be free, there is a concern about spamming governance. Delegates can ask for proposal submission compensation as a fee when posting the proposal instead. Here is a proposal created for the RARI DAO: Notion – The all-in-one workspace for your notes, tasks, wikis, and databases. 3 Per budget, the Foundation can cover gasless voting from 2024 operational budget: set $ 3 , 000 for gasless voting with Tally reimburse voting on proposals starting with RRC- 12 For the purpose of retroactive reimbursement, I suggest establishing a claim period so that the unclaimed funds can be repurposed. Eg. claim window for 30 days from the proposal passing.
  Likes: 4 Replies: 1
  Likers: lionmsee, coffee-crusher, bitblondy, jaf
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  • coffee-crusher: Jaf: involved An average of 3 proposals per month A transaction fee of 0.0045 ETH (using median tx fee as a reference point) A duration of 9 months This also covers fees for promoting proposals in Tally. This is exciting news that Tally is ready to roll out gasless voting! I’m looking forward to a revised proposal before voting on Tally. The more that we can remove barriers and offer a seamless governance experience for more delegate members to participate, the more decentralized our governance will become.
• RRC-16: RARI Foundation 2024 Operational Budget by JanaBe - This user is a moderator
  Posted on: Jan. 2, 2024, 10:49 a.m.
  Content: Authors: JanaBe Reviewers: Campbell Law Abstract This draft proposal outlines RARI Foundation’s funding needs for 2024 , along with laying out high-level objectives of what the team will be focusing on. The budget estimated for 12 months of operations is 1 , 650 , 000 USD and it enables continuity of operations and team & vendor growth as it reflects on the RARI ecosystem growth. Motivation The RARI Foundation works on behalf of the RARI DAO and helps it achieve its mission of building decentralized NFT infrastructure to power innovative NFT use cases. In doing so, the Foundation deploys resources that span contractor salaries, vendors, legal, and marketing costs, amongst others, that ensure a smooth continuation of operations and allow for the expansion of the Foundation’s efforts to help grow the RARI ecosystem. The assumption is that the Foundation will continue working with the most skilled and professional contractors in the market, and it is necessary for the Foundation’s success to be able to offer compensation in stable coins or fiat money instead of $RARI in order to be competitive. Rationale The Foundation and the delegate community reviewed 2024 goals and the below budget reflects the resources needed to accomplish these goals. Full overview of the goals can be found in Community Calls recap (Dec 19 , 2023 ). A condensed version or goals per focus area is below: Governance Re-run Delegate launchpad program twice Increase average unique voter per proposal from 10 to 20 Implement Security Council expansion Product Distribute allocated Protocol Grants in full Establish RARI Chain grants budget Launch RARI Chain mainnet All Protocol contracts owned by the community Design solutions for potential multichain Protocol fee collection by the DAO Finance Establish a Treasury diversification strategy (via a community vote) and commence execution Establish Treasury revenue inflow: (a) Assist the DAO with technical resources in case of potential Protocol monetization (b) Establish RARI Chain revenue model Marketing Increase awareness of the RARI ecosystem: Active presence at 4 - 5 industry events Grow community and audience by 100 % Boost presence and assistance with the developer community Establish a presence at key hackathons Team Increase current PT Community & Ops lead to FT Boost Social Media & Content manager with a FT lead Cover for 3 - 4 month maternity leave for Head of Strategy Hire a FT Dev Rel and a Ecosystem Growth Manager Outsource design, engineering, accounting Key Terms Rarible Protocol - multichain indexer and order book with SDK RARI Chain - royalties enforcing L 3 built with Arbitrum Orbit RARI Ecosystem - applications utilizing the Rarible Protocol and/or the RARI Chain $RARI - ERC 20 token, used in the RARI DAO governance Specification The proposed 2024 budget of 1 , 650 , 000 USD reflects the above goals, team, and resource needs. With the RARI ecosystem becoming more robust, there are increased budget needs. Compared to the last budgeting cycle (H 2 2023 ), this one-year budget represents an increase of roughly a third. This increase is due mainly to the growing infrastructure in the RARI ecosystem (launch of RARI chain, increased remit of Rarible Protocol) and its demands on resources. Budget area USD amount Salaries 800 k Legal costs 192 k Vendors 357 k Marketing 84 k RARI chain 187 k Others 30 k Total 1 , 650 k Specifics: Salaries cover 5 FT and 1 PT contributors, and design freelance Legal fees include Cayman Island counsel, US counsel and a paralegal Vendor fees include administration costs (Director of the Foundation and the Supervisor of the Foundation, both roles are required for the set up of the Foundation under the Cayman law), professional delegate fees, Security Council compensations, accounting services, engineering vendors Marketing costs cover sponsorships, production and marketing agency fees (to be incurred ad hoc as needs arise) RARI chain costs include infrastructure vendor fees, and a budget for artist incentivization for the chain mainnet launch Other costs include travel costs to crypto conferences, and miscellaneous expenses such as office supplies, subscriptions, and event tickets. Notes: The Director of the Foundation is responsible for the budget. They may opt to delegate day-to-day budget management tasks to the Foundation team. Budget spending shall be monitored by the Foundation’s appointed accountant. Periodic budget spending reports shall be shared with the community quarterly, no later than 30 days after the end of the quarter. The community may request budget updates at any point. In such event, the Foundation shall present the budget status no later than in 15 working days. If there are unspent funds at the end of the budget cycle, the Foundation may propose to keep the amount in an operational reserve. Otherwise, it shall be returned to DAO’s treasury within 90 days of the budget cycle’s end. The Foundation team shall respect the budget allocations as specified in the subtotals. It is understood that variations may occur. However, transfers between the budget groups should not exceed 30 %. Budget reallocations larger than 30 % will require DAO approval. Should $RARI price deviate from the USDC conversation rate at the date of the proposal submission, the Foundation shall either submit an additional proposal to request funds to cover the exchange loss or report the excess funds at the end of the budgeting cycle. Contributors (Team) are to be paid once a month in USDC unless otherwise agreed in their contracts. Legal and Administrative costs are to be paid upon receiving invoices from the Foundation service providers as per engagement letters or agreements with such entities. Steps to Implement Upon the budget approval, the full corresponding $RARI amount will be transferred to the Foundation’s operational wallet ( 0 x 2 a 83 d 2891 Ef 3 df 6967 E 3 C 2 e 9 b 69 cCc 7 aD 029736 B), the Foundation will convert it to USDC to reduce the exchange rate fluctuation risk and the exchanged amount will be stored on the operational wallet ( 0 x 2 a 83 d 2891 Ef 3 df 6967 E 3 C 2 e 9 b 69 cCc 7 aD 029736 B). The Foundation may opt to halt conversion to USDC, should the exchange rate start falling below the desired conversion rate, and resume when the desired rate is met or if a conversion must be made in order to meet Foundation’s payment obligations. Payments within the approved budget in accordance with signed contracts are to be made by the Foundation administration, who will be responsible for the budget.
  Likes: 5 Replies: 1
  Likers: winverse, addie, lionmsee, jaf, arikthereal
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  • Matt_StableLab: StableLab Supports RRC-16 for the following reasons: Fair Budget Working in many other DAOs and seeing operating budgets across the industry we believe 1,650,000 USD for an entire year of salaries, legal fees, vendor costs, marketing costs, travel, and other infrastructure costs is a very fair number. Will help the DAO Succeed After working with the Foundation for the past several months in the DAO we have strong faith in the Foundation Team and believe that these funds will allow the Foundation to continue doing a fantastic job supporting the DAO. StableLab believes the goals the proposal has laid out for the next year are highly aligned with the DAO’s mission. Achieving these goals will greatly benefit the DAO and will be well worth the cost of the proposal’s budget. Transparency and Accountability This proposal does a great job of being transparent. We appreciate the budget area breakdown and specifics to help the DAO understand exactly how these funds will be used. JanaBe: Periodic budget spending reports shall be shared with the community quarterly, no later than 30 days after the end of the quarter. The community may request budget updates at any point. In such event, the Foundation shall present the budget status no later than in 15 working days. Additionally, StableLab strongly supports the inclusion of the spending reports as they will help provide transparency and accountability. Finally, the inclusion of the goals for the next year can serve as KPIs for the DAO to measure how successful the year went when we evaluate next year’s budget. This will add accountability to the foundation and incentivize them to continue doing a great job.
• RRC-14: Continuation of Rarible Protocol Transfer to Community by JanaBe - This user is a moderator
  Posted on: Dec. 15, 2023, 9:55 a.m.
  Content: Thank you, @da 0 uch - for the purpose of this proposal, we’ll decouple the quorum threshold aspect, but it does deserve its own discussion (and proposal) as our governance is becoming more robust.
  Likes: 2 Replies: 0
  Likers: jaf, addie
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