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Community Updates

Community call schedule 2025

Next calls: Jan 14 & Jan 28; resuming the bi-weekly schedule

Pending updates:

Audit RARI DAO Resources
Audit & update RARI DAO Knowledge Base, in partnership with GWG
Update community call calendar (access was lost in the migration) and google event invites

Congrats to Forexus!

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RARI Foundation 2025 Budget

2025 Budget

Feedback updates:

Reduction in the budget request by 10% to 2,040k USD
Inclusion of high-level KPIs
Team composition breakdown

Firm Opposition to RRC-XX: Rari Foundation 2025 Operational Budget Proposal

Key concerns:

DAO’s financial runway.
YoY increase in Foundation spending.
Performance.

Addressed HERE

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RARI Foundation 2025 Budget

2025 Budget

Feedback updates:

Reduction in the budget request by 10% to 2,040k USD
Inclusion of high-level KPIs
Team composition breakdown

Firm Opposition to RRC-XX: Rari Foundation 2025 Operational Budget Proposal

Key concerns:

DAO’s financial runway.
YoY increase in Foundation spending.
Performance.

Addressed HERE

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DeFi Days update - Blockscout

TEN by RARI x RefractionDAO artists rewards distribution executed (minus some flagged high risk wallets)
Leaderboard updates

Program start - Jan 7, 2025 // $11k prize pool for top 20 participants
January 2025 - TBD // TBD prize pool for top 20 participants

End date is TBD pending governance staking incentive quests and community will be informed

Pending quests: Dora (starting Jan 8, 2025), Arbitrum

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DeFi Days update - Total Transactions & Revenue

Total Transactions

Target: 250k transactions
Achieved: ~1.7M
Daily transaction high: 580,564 - ALL TIME HIGH

Revenue

~ 10.43ETH from transaction revenue

*Spike due to Caldera Wrapped campaign RARI Chain day ��*Data from Blockscout

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DeFi Days update - TVL

L2BEAT - TVL Breakdown
Target: $500k
Achieved: $1.14M
2.5x Higher than prior to campaign starting

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Governance & proposal updates

Governance upgrade updates

Enable RARI Staking: First audit for staker wrapped about a month ago, second audit completed end of December. Remaining steps to go live:

Dec 22-24: Fix anything uncovered by the audit contest.
early January: Configure reward source. That work is tracked in the Staking Incentives thread
early January: Connect the staking contracts to the UI
(optimistically) mid- or (pessimistically) late-January: all the pieces should be in place to make a DAO proposal to turn on staking rewards

[RRC-XX] Rari Staking Incentives: Discussion regarding how to add Staking Incentives now that Tally’s staking proposal has been approved. Updated comments HERE

Status: Jana and Jaf connecting to make updates to the proposal

Forum

RRC-XX [DRAFT] Creation of an Emblematic Character for RARI DAO: RARI DAO IP mascot proposal
Revitalizing NFT Activity on Rari Chain: A Gamified Initiative: Prop to boost RARI chain activity. Updated comments HERE
Grants 2024 Transparency Report: Pending response from grants committee now that Xenia S has departed
RRC [XX] - Creating/Boosting the Meme Ecosystem on Rari Chain: Requesting 10,000 $RARI tokens to fund platform development, maintenance, and marketing initiatives. Updated comments HERE
Adding Temperature Check to Governance Process: Discussion for proposal sentiment on forum before moving to Tally for onchain voting. Updated comments HERE

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Governance Working Group updates

Discussed in overflow call week of December 9, 2024 - notes HERE
GWG updates

Next meeting is January 13, 2025. Next steps TBD

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Community discussion - notes

Sixty - please add voting timelines to public community calendar

Can do! Will confirm once the old vs new calendar is sorted
Can also refer to the “Keeping updated” section of the RARI DAO Knowledge Base for notifications from forum and Tally

Additional RARI DAO Resources re: important links and DAO channels

EXT: RF Delegate Onboarding Deck - III - all delegates had to attend one of the onboarding sessions, and the delegate telegram chat is linked on slide 16, plus other RARI DAO documents
The weekly highlights (starting back up this week) also always have these resources linked on the bottom of every post under “RARI DAO Resources”

RARI DAO Resources (delegate telegram is linked)
Start here | RARI DAO knowledge base

Reminder, I will be doing an audit of all these documents and resources as a priority in the New Year, so if you have more suggestions or requests, I’m all ears! Also pending GWGs mandates from the pilot, it may be a joint effort on some of the updates but TBD and will have more info after the next meeting January 13, 2025

Bitblondy - Is there any written source, where we can find all the DAO wallets? Preferably with links to explorers and who manages them. I wasn't aware there's more than one treasury.

Tally treasury for RARI DAO is closer to $20M. Note there may be a wallet not included and some loans to partners. Will confirm

Bitblondy - Is there a financial report on all the funds? Would be important to know for the operational budget. I was checking the treasury report here and the transparency report here and it's a little bit confusing. (-:

Treasury report is an independent report from the GWG that they self-organized and published
Quarterly transparency reports are published by the Foundation after being presented live in community calls and approved by the Foundation director, plus an annual report that we discussed today will be published by the end of the month

Elika and I are happy to meet with you to review too!

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