Community Update #2
It’s time for another update! We’re just over two weeks since launch and have made progress on a variety of fronts.
Token-permissioned Governance Groups
A Collab.Land integration saw our Discord channel take shape as the home for efficient governance. Three core tiers have been created, which can be accessed by having certain amounts of tokens in your wallet. These are:
StackPack: >10 STACK tokens
Due Diligence Council: >1,000 STACK tokens
DAO Council: >20,000 and application
Each of these groups has a unique and crucial purpose that will contribute hugely to the success of the DAO. The StackPack will be the engine of the accelerator and drive Fund 1’s early-stage projects; the Due Diligence Council will be responsible for ensuring that quality projects are sourced and vetted; and the DAO Council will act to initiate proposals that the StackPack proposes.
Getting involved couldn’t be simpler – with your STACK tokens in your wallet, simply head to Discord and type ‘!join’ to claim your spot in the DAO. The token requirements for these tiers may rise in the future!
Visibility & Awareness
Stacker Ventures was listed on DeepDAO, a key destination for DAOs and DAO followers, and updated circulating supply info was submitted to CoinGecko. Until they connect up the API, you can retrieve the circulating supply of STACK here.
Partners in tech Alpha Finance and Aragon both shared Stacker Ventures content and helped to bring lots of new faces to the Telegram and Discord channels.
$2,000,000 in Fund 1 Hard Commitments
The first two weeks of launch saw a rush of hard commitments and this $2,000,000 milestone was quickly hit to seal an already-successful contribution period for Stacker Ventures Fund 1.
This gives the Due Diligence Committee plenty to think about early on as projects begin to approach Stacker Ventures with a view to being included in the first round of funding.
Audit Complete
The final smart contract audit was completed by PeckShield, with no major risks found and all low/moderate issues fixed by the Stacker Ventures dev team.
China Marketing Lifts Off
Chinese marketing partner Moran Marketing is leading efforts to welcome Chinese speakers to Stacker Ventures.
Talks are also in place with a second strategic partner in the China market, to provide support as Stacker Ventures gets set to launch its second set of funds.
Tech Update
A few bugs have been fixed which include deposit and reward balances being shown properly on the ‘Claim STACK’ page. Contributors should now see accurate balances when they have connected using MetaMask or another supported wallet.
For the most part, we have prioritized development on our DeFi funds.
AYF (Active Yield Fund) Development
Hot on the heels of a successful first step in the Fund 1 contribution period, Stacker Ventures is now getting set to launch its second set of funds with a yield farming focus that aims to compete with the likes of BlockFi by offering a transparent, more decentralized alternative.
The smart contracts for the new initiative are complete and are currently being tested in-house. The next step will be to get an external audit started, with marketing and partnerships being planned in parallel.
More information can be found in the Discord and Telegram channels – and don’t forget to type ‘!join’ when you land in Discord to get access to the token-permissioned groups where you can find more details about what we’re working on!