Meeting Notes

Key Discussion Points

• Concerns were raised about not being fully comfortable with Hummingbot and the potential risks of rushing deployment, particularly the financial risks associated with DeFi.
• We will continue testing and get comfortable with the setup before moving forward.
• JOY tokens need to be moved, and a pool needs to be created. Some app fixes are still in progress.
• Due to pending tasks and fund arrivals, the launch date is moved to at least a week later, tentatively aiming for Tuesday if all goes well.
• A proposal is needed to spend USDT from Ethereum mainnet safe and bridge it to ETH admin.
• The plan is to bridge Joy tokens today after a test transaction.
• All three council members need to approve transactions, which may delay the process.
• Test bridging back from ETH admin may take some time due to required signatures.
• Debate on whether to use ETH admin or Treasury Multisig for managing funds. ETH admin is responsible for managing the bridge and ERC-20 contracts, making it a natural choice.
• We will be using the Treasury multisig on Base for direct bridging and fund management.
• We agreed to create a Base multisig. The signers need to be available and preferably using hardware wallets for security.
• A review of the existing proposal to see if any governance changes are needed for the custody parameters or stablecoin management.
• Preference to first create the liquidity pool on a testnet to understand the process better. A script will be written to automate future pool creations.

Action Items:

• Continue testing the setup and Hummingbot to ensure everything is functioning correctly.
• Initiate the transfer of Joy tokens and prepare the necessary proposals for fund movements.
• Set up the multisig on Base and ensure all signers are available and preferably using hardware wallets.
• Review and possibly amend existing governance proposals to accommodate the new Base multisig setup.