Catch Up With What Happened This Week in BanklessDAO

<p>Dear Bankless Nation 🏴,</p><p>The <a href="https://snapshot.box/#/s:banklessvault.eth/proposal/0xb3fb4791635d136daf64d5e776d611fabc8b52533910d42a0eeae6b926d83304" rel="nofollow">Snapshot election</a> for the Transition Council Authority ended on Friday, and we’re excited to congratulate the Transition Council on gaining BANK-holder ratification. This is a big step forward in our restructuring journey. With the TC now empowered to prioritize community-driven changes, it can sort out important pending issues, such as refining membership models, tokenomics, and other essentials.</p><p><a href="https://snapshot.box/#/s:tlbank.banklessvault.eth/proposal/0x20ec332c05ff0230106ddd7b11193174c74c249f8f55a4052d0185dc625e014a" rel="nofollow">Another Snapshot vote went live yesterday</a>, proposing to use treasury yield to fund in-person events. The plan involves depositing 55,000 USDC and 20 WETH of unused treasury assets into no-loss PoolTogether v5 pools, which the DAO can withdraw at any time, keeping the funds risk-free. The yield generated will support community events. Find out more information on the Black Flag Initiative <a href="https://blackflagcollective.org/" rel="nofollow">website</a>. Voting is open until November 8, so head to <a href="https://snapshot.box/#/s:tlbank.banklessvault.eth/proposal/0x20ec332c05ff0230106ddd7b11193174c74c249f8f55a4052d0185dc625e014a" rel="nofollow">Snapshot</a> and cast your vote.</p><p>This week’s editorial discusses the successful ratification of the Transition Council’s authority and examines key membership processes, including proposed onboarding and engagement metrics. It also highlights the new Black Flag DAO initiative, what to expect, and other important insights.</p><p>With the TC guiding community decisions, the path to bringing our shared vision to life is clearer than ever. However, this doesn’t mean we should stay silent. Our voices and participation are important as we move forward. So, let’s stay active, keep sharing our perspectives, and plant the black flag together.</p><p><strong>Contributors:</strong> <a href="http://x.com/_Lucent1" rel="nofollow">Lucent,</a> <a href="https://twitter.com/tonytad23" rel="nofollow">Tonytad</a>, <a href="https://x.com/ada_tabugbo" rel="nofollow">Angelspeaks</a>, <a href="https://twitter.com/ShoBolu" rel="nofollow">Boluwatife</a><em>,</em> <a href="https://twitter.com/Kornekt1/" rel="nofollow">Kornekt</a>, <a href="https://twitter.com/TagboWinner" rel="nofollow">WinVerse</a></p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F393d5a34-138d-4912-9a2e-c0f35e55fb84_1050x600.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/3686f2a13b7254934648dd4e84127888.jpg" alt="Weekly_rollup.jpg (1050×600)" title="Weekly_rollup.jpg (1050×600)"></source></picture><div></div></div></a></figure></div><div><hr></div><p>This is an official newsletter of <a href="https://www.bankless.community/" rel="nofollow">BanklessDAO</a>. Please subscribe and share to help us grow our audience as we fulfill our mission to build user-friendly crypto onramps.</p><p><a href="https://banklessdao.substack.com/subscribe?" rel="nofollow"><span>Subscribe now</span></a></p><p><a href="https://banklessdao.substack.com/p/progress-banklessdao-weekly-rollup?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share" rel="nofollow"><span>Share</span></a></p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F58ce22a6-147f-4a31-a469-bf699eea6262_1050x120.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/ae337dde522c3ec01693e88be9247c5a.jpg" alt="Action_Item.jpg (1050×120)" title="Action_Item.jpg (1050×120)"></source></picture><div></div></div></a></figure></div><p>🏃‍♀️ <strong>Catch up:</strong> Listen to this week's Community Call <strong><a href="https://www.twitch.tv/videos/2290918717" rel="nofollow">recording</a></strong>.</p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F69d503d9-fcd2-42ad-a558-2c077e1f302b_1050x120.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/201f8371babffd8310d23e349b5caf1f.jpg" alt="Governance..jpg (1050×120)" title="Governance..jpg (1050×120)"></source></picture><div></div></div></a></figure></div><h2>Snapshot Votes</h2><ul><li><p><a href="https://snapshot.box/#/s:tlbank.banklessvault.eth/proposal/0x20ec332c05ff0230106ddd7b11193174c74c249f8f55a4052d0185dc625e014a" rel="nofollow">Use Treasury Yield to Fund IRL Events</a></p></li></ul><h2>Proposals in Discussion</h2><ul><li><p><a href="https://forum.bankless.community/t/use-treasury-yield-to-fund-irl-events/10748" rel="nofollow">Use Treasury Yield to Fund IRL Events</a></p></li></ul><div><hr></div><h1>Progress</h1><p><em>Author: Boluwatife</em></p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc9b2cb1e-1fc1-42ed-9933-655eb3b97d30_1050x600.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/7076bec48f47ef9af2c11e04f49f097a.jpg" alt="Progress.._074654.jpg (1050×600)" title="Progress.._074654.jpg (1050×600)"></source></picture><div></div></div></a><figcaption>Image: Tonytad</figcaption></figure></div><blockquote><p>Coming together is a beginning; keeping together is progress; working together is success. — <em><a href="https://www.brainyquote.com/authors/edward-everett-hale-quotes" rel="nofollow">Edward Everett Hale</a></em></p></blockquote><p>The most recent community call highlighted many updates from the community. One of them was the proposal to ratify the Transition Council authority. Now passed, the six members of the TC have been vested with the authority to make decisions regarding the DAO’s progress to the extent that has been stated in the proposal. This is a welcome development among members of the community as out of <a href="https://snapshot.box/#/s:banklessvault.eth/proposal/0xb3fb4791635d136daf64d5e776d611fabc8b52533910d42a0eeae6b926d83304?choice=1" rel="nofollow">78 votes</a>, a high percentage was in favor as opposed to against. This shows that the community believes in the progress of the DAO and has confidence in the TC to execute the DAO’s best interest.</p><h2><strong>Meetings are Back</strong></h2><p>Due to the confusion regarding Transition Council authority and ways to move forward, the TC meeting was put on hold. Now there is clarity, meetings are back on, and they will be held at the regular time every Friday, 19:00 UTC.</p><p>Also, the governance calls still hold and everyone is welcome to join and air their opinions, perceptions, and observations.</p><h2><strong>Membership Procedure Ideas</strong></h2><p>The strength of our DAO lies in its members. We're setting up membership procedures that go beyond simple token holding. Our aim is to build a community of dedicated individuals who understand and support our mission.</p><p>Ideas brought forward by community members detailed a process where new members will go through a structured onboarding process. This process isn't about creating barriers, rather it's about ensuring everyone who joins understands what we're building together. While the membership procedures haven’t been defined yet, several key areas are being looked at, including:</p><ul><li><p>Project participation credits</p></li><li><p>Technical contribution tracking</p></li><li><p>Community engagement metrics</p></li><li><p>Governance participation points</p></li></ul><p>For those looking to join, we want to make the path clear and rewarding. Each new member will have opportunities to demonstrate their alignment through:</p><ul><li><p>Active participation in governance calls</p></li><li><p>Contributing to ongoing projects</p></li><li><p>Engaging with existing members</p></li><li><p>Sharing expertise in their areas of strength</p></li><li><p>Supporting other community members</p></li></ul><h2><strong>Building a Self-sustaining Structure</strong></h2><p>The heart of our vision is creating a DAO that thrives through distributed leadership. If we will still be in the business of incubating projects, we need to make sure they are guided on their way to stability.  Every project should be able to move forward independently, powered by its own community of contributors. This approach ensures that projects remain stable and productive even during leadership changes or market fluctuations. It's about creating resilient systems that can:</p><ul><li><p>adapt to changing conditions</p></li><li><p>scale effectively</p></li><li><p>maintain momentum</p></li><li><p>preserve institutional knowledge, and</p></li><li><p>support continuous improvement.</p></li></ul><h2><strong>Black Flag DAO Initiative</strong></h2><p>Our latest community initiative opens new doors for real-world connections. We're proposing to put 55,000 USDC and 20 WETH of our treasury into PoolTogether v5 pools. It will take on the presence of a smart savings account for our community. The best part? The DAO can withdraw these funds anytime, making it a risk-free way to generate about $250 monthly for in-person meetups every month.</p><p>What makes this wholesome is that every DAO member gets a say in which events receive funding. Want to organize a meetup? You'll be able to put your idea up for a vote. The proposed idea is all for keeping things transparent with simple rules — events need social media presence and should happen regularly. This isn't just about funding meetups; it's about building real connections in our community. This is because in web3 communities, shared purpose is important.</p><p>The next phase gets even better. The initiative plans to distribute Black Flag tokens monthly to everyone who participates. These tokens aren't just for showmanship; they'll give members voting power on future events and help shape our community's direction. It's our way of rewarding members who actively participate and believe in what we're building.</p><p>Ready to vote on this proposal? Head over to the <a href="https://snapshot.box/#/s:tlbank.banklessvault.eth/proposal/0x20ec332c05ff0230106ddd7b11193174c74c249f8f55a4052d0185dc625e014a?choice=1" rel="nofollow">Snapshot</a>.</p><p>That will be all for this week. Do have an amazing weekend ahead ✨</p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F77d131a2-e979-4d4d-a789-b14927610e78_1050x120.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/11e8ecd58977f226948fb2460d60f658.jpg" alt="Grab_it.jpg (1050×120)" title="Grab_it.jpg (1050×120)"></source></picture><div></div></div></a></figure></div><h3><strong>⛴️ BanklessDAO Content</strong></h3><h3>🧠 <a href="https://www.cryptosapiens.xyz/" rel="nofollow">Crypto Sapiens</a></h3><div><figure><a href="https://x.com/cryptosapiens_/status/1849492464895221931?s=46&amp;t=-yN3xQlAM-CzfuEkYI3YuA" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/9f58112c4f7c93581227f20a3f6354a0.jpg" alt=""></source></picture><div></div></div></a></figure></div><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F536a1d02-2e49-45ca-baf4-d072c74f6052_1050x120.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/fa9c6ddaeb96315ae2cd392d925544be.jpg" alt="Meme_of_the_week.jpg (1050×120)" title="Meme_of_the_week.jpg (1050×120)"></source></picture><div></div></div></a></figure></div><p>Thanks, Bold!</p><div><figure><a href="https://x.com/boldleonidas/status/1852556771279462707?s=46&amp;t=-yN3xQlAM-CzfuEkYI3YuA" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/3fec337384371da18e15c049b1c230ad.jpg" alt=""></source></picture><div></div></div></a></figure></div>

Progress | BanklessDAO Weekly Rollup

以下是简体中文翻译:

跟上本周在<Bankless DAO>发生的事情
'Bankless'必须翻译为'Bankless'。

亲爱的Bankless Nation 🏴,

Transition Council Authority的Snapshot选举于周五结束,我们很高兴祝贺Transition Council获得了BANK持有者的批准。这是我们重组旅程中的一个重要步骤。随着TC现在被赋予了优先考虑社区驱动变革的权力,它可以解决一些重要的待决问题,如完善会员模式、代币经济学和其他基本要素。

昨天,另一个Snapshot投票启动了,提议使用国库收益来资助线下活动。该计划涉及将55,000 USDC和20 WETH的未使用国库资产存入无风险的PoolTogether v5池,DAO可以随时提取这些资金。产生的收益将用于支持社区活动。在Black Flag Initiative网站上了解更多信息。投票将持续到11月8日,所以请前往Snapshot投票。

本周的社论讨论了Transition Council权威的成功批准,并检视了关键的会员流程,包括提议的入职和参与度指标。它还重点介绍了新的Black Flag DAO倡议、预期以及其他重要见解。

随着TC引导社区决策,实现我们共同愿景的道路比以往任何时候都更加清晰。但这并不意味着我们应该保持沉默。我们的声音和参与在前进的道路上很重要。所以让我们保持积极,继续分享我们的观点,一起扎下黑旗吧。</p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F77d131a2-e979-4d4d-a789-b14927610e78_1050x120.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/11e8ecd58977f226948fb2460d60f658.jpg" alt="Grab_it.jpg (1050×120)" title="Grab_it.jpg (1050×120)"></source></picture><div></div></div></a></figure></div><h3><strong>⛴️ BanklessDAO内容</strong></h3><h3>🧠 <a href="https://www.cryptosapiens.xyz/" rel="nofollow">加密Sapiens</a></h3><div><figure><a href="https://x.com/cryptosapiens_/status/1849492464895221931?s=46&amp;t=-yN3xQlAM-CzfuEkYI3YuA" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/9f58112c4f7c93581227f20a3f6354a0.jpg" alt=""></source></picture><div></div></div></a></figure></div><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F536a1d02-2e49-45ca-baf4-d072c74f6052_1050x120.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/fa9c6ddaeb96315ae2cd392d925544be.jpg" alt="Meme_of_the_week.jpg (1050×120)" title="Meme_of_the_week.jpg (1050×120)"></source></picture><div></div></div></a></figure></div><p>谢谢你,Bold!</p><div><figure><a href="https://x.com/boldleonidas/status/1852556771279462707?s=46&amp;t=-yN3xQlAM-CzfuEkYI3YuA" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/3fec337384371da18e15c049b1c230ad.jpg" alt=""></source></picture><div></div></div></a></figure></div>

进展| BanklessDAO 每周汇总

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进展| BanklessDAO 每周汇总

⛴️ BanklessDAO内容

🧠 加密Sapiens