Tech subdao progress update 2022.08.01

Table of Contents

LikeCoin chain upgrade

  • v3.0.0 Starferry
  • Roadmap (time table not fixed yet)
    • upgrade to the cosmos-sdk version 0.46.x (0.46 was just released)
    • Target to support x/authz to enable Writing NFT fully on-chain

dao.like.co upgrade

Treasury

  • bookkeeping always publicly available at (pinned in #techsubdao of Discord): https://docs.google.com/spreadsheets/d/1oefPBR3wtTaf_uQorQYmYA-fv6kpF6uOzRtGjILnSv0/edit?usp=sharing
  • HKD 159,436 account payable to OurSky
  • Proposal 51 which requests for 20,000,000 LIKE was rejected due to unreached quorum (39.x%/40%)
  • Proposal 53 reduces the fund request to 15,000,000 LIKE. It is in voting period, has collected enough quorum and Yes votes and is expected to pass on 2022.08.04
  • Since today, there is no further dev cost expected for a period of time. Tech subdao will take some time to collect opinions from the community.

Summary since inception

Since the inception in March and till 2022.08.01 (included), Tech Subdao has:

  • requested from community pool:
    • 2022.03.07 proposal 40: 2,000,000 LIKE
    • 2022.04.20 proposal 45: 3,000,000 LIKE
    • 2022.05.29 proposal 47: 20,000,000 LIKE
    • 2022.07.12 proposal 51: 20,000,000 LIKE – rejected
    • 2022.07.26 proposal 53: 15,000,000 LIKE – expected to pass
    • total (assuming proposal 53 shall pass): 40,000,000 LIKE
  • funded developments
    • OurSky – LikeCoin chain: HKD 534,625 (94 man-days)
      • LaiChiKok: like1 prefix, Cosmovisor – HKD 312,812.5 (55 man-days)
      • StarFerry: NFT – HKD 221,812.5 (39 man-days)
      • part of it was handed over from proposal 33 to Tech Subdao for management
    • OurSky – DAO revamp: HKD 642,688 (113 man-day)
    • Liker.Social – register ISCN: USD 545.28 (3 man-days)
    • LikeCoin faucet – 10,000 LIKE (for new users)

Evaluation

  • chain development
    • both LaiChiKok and StarFerry upgrades are cost efficient
    • being the most fundamental piece of infrastructure, totally reasonable to be taken care of by Tech Subdao and community pool
  • dao.like.co revamp
    • under-estimated the cost and time needed. “Cost-performance ratio” is lower than chain development.
    • only managed to launch phase 1 with features on par with the existing dao.like.co, though with better interface and minor feature enhancements
    • whenever possible, better leverage on partnership with parties like Mintscan and Big Dipper
    • with the expected support of LikeCoin chain from Mintscan and Cosmostation, revamp of dao.like.co is suspended for now
    • further maintenance will be taken up by Liker Land (limited resources due to voluntary nature)
  • Liker.Social ISCN registration
    • very cost efficient