Hi everyone, we’re overdue for another update here. There’s more and more happening in the growing HoS ecosystem, so I’m going to try to structure these updates a bit more going forward.
Hiring
See House of Stake: Open Roles and the additional information I shared at Telegram: View @NEAR_HouseOfStake, and thanks for your patience as I’ve owed you these JDs for some time. None of these roles have been filled yet, and you’re welcome to apply yourself or refer someone else. I hope to fill most of these roles soon, and will continue to post updates here as that process continues. As I describe in the linked thread, these roles are all full-time roles at NF for now, but some will transition to the HoS Foundation.
Entity Formation
As I previously explained, the blocker to completing the setup of the new HoS Foundation is the Fireblocks vault that will be used to receive the incoming NDC Trust funds. I’m happy to report that over the past few days, the paperwork was completed and the fees have been paid, so I expect this vault to be set up this week. With any luck, it should only take a few more days after that to transfer the funds.
I previously shared a list of questions from the delegates and the community about the new HoS entity. I’m also happy to report that we have answers to all of these questions, thanks to Bianca @ NF Legal. These are undergoing a final review process internally and I expect to be able to share these this week. Bianca has also kindly agreed to join an AMA on a X space next next week to review the answers and cover any remaining questions; @fiatisabubble and his team will update with details about when this will happen.
As a sneak peek, the answer to most of the questions is, “It’s up to the community.” This is exciting, but it also means that HoS will have to develop operational expertise - or recruit experts to help - with things like treasury management in the near future. Something to begin thinking about!
Economics
Gauntlet continues to make progress towards a final set of proposed economic parameters for “HoS 2.0”, which is the next iteration of the HoS project beyond this initial locking/delegating/voting stage. We expect this work to be substantially complete within the next week or two. This includes things like the proposed mechanism for calculating yield for staking and locking NEAR/veNEAR under House of Stake.
Governance
@KlausBrave ran some initial “Mission-Vision-Values” workshops with the delegates last week, and collected a lot of very valuable feedback on these topics. He’s in the process of reviewing and distilling this feedback; expect to hear more from him this week.
Gauntlet also has a draft proposal with more details around the role of the Steering Committee and, in particular, how to add, remove, and replace delegates. I expect this will also be shared soon.
Delegates
I defer to the delegates to directly share their progress and that of the respective working groups, but from my perspective I see progress being made on several fronts, including Network Economics & Security, Ecosystem Growth, and Gov Infra & Processes.
The Network Economics & Security working group ran a survey to collect community feedback on inflation and issuance, and shared the results. I found this, especially the visualizations, very insightful and informative. This group also hosted a successful AMA to discuss these results.
Ecosystem Growth has been in touch with the NF Founder Success and Partner and Infrastructure Success teams, and also with the data & analytics team at NF to put together an ecosystem dashboard for HoS. They’re working on benchmarking current metrics as a way to track progress once HoS goes live.
And the Gov Infra & Processes group has been as active as ever, reviewing relevant research, sharing ideas, and discussing relevant AI tools.
I can’t possibly do justice to everything happening here. I can only share the things I’m aware of! So again, I encourage the delegates and others to share other updates here.
AI/Product
Metapool previously built some AI tooling for their own governance system, that they’ve kindly agreed to adapt for the HoS use case. I’m not sure how much of this has been shared publicly and I don’t want to post any spoilers here, so I encourage @claudioac & co. to share more, but this should be up and running very soon! I expect this will be the first end-to-end, functional AI governance tooling for HoS.
@jlwaugh has also built some really cool, prototype AI-tooling, and along with @Cameron, is helping coordinate with a few other third-party builders that we expect will contribute to helping us ship AI governance tooling. Again, I don’t know how much of this is already public and don’t want to over share, but I encourage James and Cameron to share more here about what’s cooking!
Research
I reviewed a second and final draft of the proposal from our candidate research lab partner, and it’s in great shape. I’ll share an executive summary internally at NF this week for final approval, then we can kick off the partnership, including finding postdocs/faculty/undergrads/etc. to contribute to this research effort. The first project we intend to pursue is a “Call for Governance Data”, to build the world’s largest governance-focused data set, which we can then use for all of the AI applications we intend to build. More soon.
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As always, let me know if I’ve missed anything. I’ve re-opened this thread, so feel free to share comments or questions, but please keep things on topic.
Cheers,
Lane