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Q1 Stacks Treasury Committee - Office Hours
Recorded: March 2, 2026 Duration: 1:02:35Space Recording
Full Transcription
Það er hvað er hvað? Thank you. I'm going to go ahead and put it in the middle of the middle.
I'm going to go ahead and put it in the middle.
I'm going to go ahead and put it in the middle.
I'm going to go ahead and get the other side.
I'm going to go ahead and get the other side.
I'm going to go ahead and get the other side.
I'm going to go ahead and get the other side. Hey everyone, give me a few minutes while I keep grabbing the rest of some of our TC
members and some of our stack's main address as well.
So give me just a minute to make sure
I have all of the relevant folks
and it looks like we have two TC members already,
Alex and Andrea and a few more joining in.
Just give me a minute. Thank you. Cool. Well, welcome everyone, GMGM. This is Rena. I'm on the endowment handle today and I want to
welcome everyone to our first Treasury Committee kind of office hours. We like to host these office
hours ahead of the big
Treasury Committee meeting every quarter to make sure that we're hearing community concerns and
direction and input and being extremely transparent on what's going to make it into the agenda for the
Treasury Committee meeting. So what I thought I would do is give a quick introduction and recap as to what the Treasury
Committee is as part of CIP 31, how the endowment plays a role, introduce two of our TC members
who are here on the call with us who may want to give some insights on their end.
And then the space is yours.
We're here to request and understand what's important to the Stacks community, how we can help,
and what are the issues at hand that they want resolution and addressment from.
So without further ado, for those who don't know me, I'm Rena.
I'm on the Stacks endowment side.
We're the long-term foundation for the Treasury, and essentially I operate as to the day-to-day of treasury management and how we
spend our treasury kind of accordingly for community programs for funding the labs go
and kind of facilitating the money movements across the ecosystem. On top of that we have
the treasury committee which you can consider as the oversight layer who actually
approves the budget and strategic direction of STACS. So consider it like having the community
on our board in a way of the kind of represented elected members for the nine member list. So as
a reminder, our Treasury Committee was appointed by the community. There was an appointments committee who selected many community members to be a part of us.
Some of our chasing members are here, like Alex Miller from Labs and Andrea of Bitcoin
Frontier Fund.
And essentially, they're here to provide guidance as to what makes it on the docket.
So what concerns, what strategic direction,
what products that we build, where Stacks goes in that direction. Before we get into kind of
open the floor for questions and such, I wanted to give Alex a chance to have the floor and give
some important updates or kind of direction that the labs is considering for stacks.
Yeah, good morning. Thank you for hosting everything here, Rina. So labs, as you can
imagine, has been hard at work over the last few months and since the last meeting.
And the, you know, big research and kind of development areas i had posted on this um back
in uh kind of right at the end of the year um of where kind of the labs team was going in terms of
focus on like r d and product and go to market um and you know the north star for stacks has always
been making bitcoin programmable making it um scalable, because obviously that's not really going to happen on the L1 on anything.
And that this is really essential because like over time, if Bitcoin does not get more people actually running transactions on it, right, the network doesn't have enough activity and security fees in order to really survive and thrive.
And so that's the big thing that Stacks can do for Bitcoin itself.
And so the biggest priorities that we have right now for us on that front is allowing,
expanding basically the pool of people who can do native BTC yield. We think this is, you know, the number one thing
that can attract users and capital base to Stacks. And I think one of the most important
things that I've been thinking about is especially as like, let's be real, you know, we're kind of
in a bit of a bear market now. We're probably going to be for the next little bit with crypto.
And so I think really focusing on the areas where stacks as a chain, you know, and reason
can be very differentiated from other options out there, right? So I'm not going to pick on like
RWAs too much, but this came up on a call last week. And like, I think ultimately, you know,
there's not like a great way for us to differentiate when it comes to RWAs or something like that, right?
Not saying that I don't want to see them happen here, not that I don't want to see someone work on that protocol.
But when it comes to where like labs puts its time, the most important thing is that we focus on the things that are really core to the chain and they're highly, highly leveraged.
And the thing that is most highly leveraged for Stacks, obviously, is earning Bitcoin yield.
And so that's why, you know, the areas that we're really focused on right now is, number one, how do we like 100x the capacity of the chain?
And the core team's been doing some great work on that and just kind of continually working to upgrade that.
Because we've obviously seen that any time that there's been big influxes of people is that, you know,
if the chain slows down, we don't want them to have a negative experience when they come in
to finally try something here. Number two is WASM work, which will just make it easier for
devs and builders. And again, also kind of contributes to that 100x work.
But the key thing that we're working on is the self-custodial Bitcoin staking
and how we want that to work. So basically allowing people to hold their Bitcoin on the L1,
but while also participating in staking on the chain, also having to get STX and come in and be a part of the ecosystem, contribute
kind of to the security budget and the growth of the ecosystem. And ultimately, you know, again,
the thing that's really powerful here is that if we can get $50, $100 billion more dollars worth of
Bitcoin brought into Stacks and onto, you know, as part of that staking, that creates an incredible
top of funnel for feeding into everything else that we want to do down the line, right? And again, it comes back
to that idea that there's something there that we can do where we have this incredible track record
of generating like 4,000 plus Bitcoin through the proof of transfer mechanism that like no other
chain that's been trying to do something like Bitcoin staking and show they don't have
the way to actually generate Bitcoin as opposed to altcoin or coin yield on it.
And so this is like, this is the really powerful lever for us to get in to pull a bunch of
people into our ecosystem and then use to grow and further everything else.
So we'll have more details on this in, I think, even like the coming weeks on it.
But really, that's where the team has just been very heads down for the last couple months
working, thinking through things.
And I'm really excited for kind of what's coming there.
Thanks, Alex.
I know it's a lot of exciting updates that the labs have been working hard at.
So really appreciate it. Before I start actually fielding the community to come up and ask questions and such, I want to first give Andrea, our other TC member, a chance to kind of speak and kind of address how she as a TC member is viewing going into this meeting.
member is viewing going into this meeting? Thanks, Reena. Hi, everyone. Yeah, I mean,
I think it's definitely exciting to hear what's coming down the pipeline internally. And I think
it's really important just to contextualize it in terms of where we are today in the market
and how as, you know, part of your treasury committee, for us, it's also thinking about how
can we be both building in the long term, but also be thinking more conservatively in terms of where
we're at today and how long this market's going to be, nobody really knows. And so it's having to
play with those tradeoffs, right? Wanting to invest and support and continue pushing the
ecosystem forward while at the same time making sure that we're doing it in a sustainable way.
So with the launch of the grants program, it's really exciting to see
kind of what applications are coming through. And as I mentioned as well, with what Labs is
building, it seems like we're moving in the right direction, but it's also going to be
important to consider, you know, where the budget is going to be spent in the next quarter.
And maybe as a recap, the TC met in December of last year and basically aligned on our initial
budget, our operating budget aligned with 20, just of $26 million with a specific carve-out for
Stacks, DeFi, and staking delegations and such.
What we want to be as proactive as we can with the budget of maintaining ecosystem programs
that are relevant to Stacks, of course, including staking DeFi, grants, foundry, and kind of
all of those things, but also being as prudent
as we can of market conditions have been tough. And we want to make sure that we're extending
the treasury for years to come. And then I'd say maybe something that has come up
from the last few months that maybe had not been a factor when we made the budget is
are certain categories for funding more important than others. There not been a factor when we made the budget is are certain categories for funding
more important than others. There's been a mass kind of explosion of interest in AI,
and I want to make sure that we're using funding in a way that where the community wants to see
that. So a lot of things ahead, and I'm looking forward to hosting the TC on their first Q1 board meeting. But before we host the TC, I want to actually
open up the floor for people to provide insights of what's important to them, what issues are at
hand, or what do you want the TC members to know. So if you request to speak, please request to
speak so I can bring you up on stage. So far, I haven't had any requests, so please do community.
This time is for you.
We want to make sure that Alex, Andrea, and all the TC members
fully are briefed as to what is important.
You're up.
Patrick.
Hey, what's up?
What up?
What up?
Did he?
That's a terrible thing to call someone.
You cannot make that joke.
you're muted if you're talking yeah when you get pulled up on stage you also get
You're muted if you're talking.
plopped halfway through someone's sentence it's like hard to orient um um are you guys asking
for me to speak or yeah yeah you you requested to speak something must be on your mind how can
we help and how can we get it prioritized oh Oh, yeah. Well, I heard you say AI.
So my finger just went right to the request button.
So, yeah, I mean, if you're on Twitter,
you're basically seeing this like AI crypto narrative
completely explode.
And something I shared with some folks last night, I was like listening to this Tim Ferriss little clip with this legendary investor, Bill Gurley, who was basically just saying, he was like, the institutions are not investing.
I mean, this is his anecdote.
He's like, the institutions are not investing in anything this is his anecdote he's like the institutions are not
investing in anything that's not ai right now uh and um and i looked it up and i was like i was like
is this really true uh and it it seems like it may as well be true um as as of like late uh q4 2025
um something along i think this is according to my AI right so who knows but 60 percent
of institutional capital is going toward AI I think it's accounting for over one percent of GDP
is like going to like AI build outs I don't know seems like it's a like it's a big category. And the interesting part to me is that,
you know, I'm not necessarily saying Stacks should be like, oh, Stacks is all of a sudden so AI-centric
and, you know, yada, yada. But I do think um what we're seeing organically is any developer that's
building on stacks is using ai and ai is increasingly accounting for more transactions
on chain and um i think it wouldn't be so crazy to think that even just a few years from now
ai will be by far and away the most dominant transacting
quote-unquote entity, you know, far beyond humans. And I'm just thinking to myself,
if the institutions are all investing in only AI effectively, And the AI is getting so good
and all the developers are using it.
And if most of the transactions
and all this stuff happen with AI,
wouldn't it make sense to just get ahead of it
and just own it?
It's not as if AI is going to go away.
So I think from like...
Sorry, I'm just thinking out loud.
Totally. Well, and I can give you how I'm thinking about it and how we're thinking
about it on the lab side. I mean, I think I can agree with you. I was not really going
anywhere. And I think even more than that, like the reason you're seeing the conversation on it right now, right,
is that like December was such an inflection point,
especially on the models, right?
Like, I think in particular,
Opus 4.5 is the first one that was like,
there's just like something fundamentally different
about the capabilities on it.
And it just unlocked so much imagination for people.
So like, just look at it myself too.
If you go to like my GitHub
right now, and you look at my contribution graph on it. It's, you know, gray, gray, gray, all the
way through last year with like the occasional dot and then you hit like December 1. And it's
just a wall of green with like anywhere from five to 100 commits every day sin in the last three
months. It's like, and obviously, like, none of those
commits are me. That's like 100% stuff authored with Claude. So like, we're clearly at an insane
inflection point there. And I think the most important thing to think about there is that,
like, when we're thinking about AI strategy, like, there is no, in many ways, like dedicated AI strategy in the sense that like you just have to assume that like everything building, touching, being done and using you is like has AI in some form or another of it.
I think like the second order effects of that are also really interesting because it changes and says, OK, like we've obviously I think historically one of the big strengths of the Stacks ecosystem has been our developer program, right?
Like we have, we have a way better and more engaged developer base than the average chain
in crypto.
But like how it's not just, oh, hey, developers want to use AI.
So like make sure the docs do it.
But it literally is about like, okay, how does the existence of this change? Who can build and start something on crypto?
Because, like, the barrier to entry is lower, right?
And you don't have to be, like, an experienced developer on it.
But also, like, ideally, we would still like people to not,
to write smart contracts that don't get hacked and things like that.
So I think there's three levels at which I think we're, like,
thinking about AI and actively
like very much integrating and using it.
And then one in which we're not.
So I'm going to start with where we are.
So number one, obviously, like we use it extensively inside the labs team.
Actually, my favorite thing right now is that if you like submit a ticket on the Explorer
right now, um, it's going to get like auto triaged, analyzed, and even I think a draft implementation written
by like a Claude integration before HIDAR, our lead Explorer dev, even has to look at
And like this is true on other products too, right?
You can't really do that on the core blockchain because the core blockchain just doesn't do
a good job writing blockchain code and we wouldn't really
trust it to. But it can still automate like huge amounts around testing and monitoring and stuff.
Again, like just personally, I used it to completely rewrite my own stacks monitoring
pipeline, which again, you can fork on my GitHub and it like does automated log analysis. It's,
it's fucking crazy. And actually, if anyone here has used Slot Watch, which Hank
built and put out, he built like an MCP for analyzing the Stacks network. So like,
our team has gone freaking all in on it. And like, it's really helping our shipping velocity there.
Number two, we've been reworking all of like our docs on the back end to make sure it's all and
like just our content and things to make sure it's all very agent compatible. And we're going to keep doing that because again, I
just think you have to think about like, how are people going to intro and on board into
crypto going forward? And I think similar to that, like looking at how we do even update
like wallets and again, just make sure that like the chain itself is highly usable by agents is all part of kind of like our roadmap and things we're doing.
The one area in which we're not and that I'm actually like pretty strongly against is like, and I think Patrick, you kind of already alluded to the fact that it probably doesn't make sense to like pivot into being a, you know, quote unquote, AI chain or something like that, right? Like, again, I think
that's where a lot of energy is going in the space. And while I think that, you know, obviously,
like AI agents need crypto because they can't actually have their own credit cards.
We still have to do it in a way that we can compete and that we can be leveraged and we can
out compete on it. And again, I come back to it's like, that we can compete and that we can be leveraged and we can out compete on it.
And again, I come back to it's like, that's where the Bitcoin yield thing comes in. Because
like, let's just be honest, we're not going to do a better, we're not going to be a better trading
chain than Solana is, right? So to the extent that someone like wants to use their AI bots to
do trading, they're going to do it on Solana or to the extent, you know, they're going to go to
the places where it is. The key is making sure that the AI experience and the agent experience is good enough on
stacks that to the extent that they want to come engage on the thing that we're leveraged
and can do better on, that it's really easy for them to come in and get started and that
we like, we become the default place for people to do Bitcoin yield and Bitcoin DeFi, whether they are a human or an agent.
Yeah, I think we're not going to beat Solana on speed.
We're not going to beat Zcash on privacy.
Obviously, our biggest, the yield thing I think is big.
The yield thing I think is big.
Being built on Bitcoin, I think, is also, you know, to some degree, pretty important.
And I think, you know, right now we're kind of in this co-piloting phase with AIs.
right now we're kind of in this co-piloting phase with
AIs. And by the way, all those points I think
are valid. But
I think probably over the next two years, we're
going to be, maybe like two years from now, I think we will actually
graduate out of co-piloting and it'll
be pretty autonomous. And I think that will actually graduate out of co-piloting and it'll be pretty autonomous.
And I think that my sense of the dynamic
of agents in a network with each other
could evolve as well.
Yeah, I mean, I think we will move
to more and more autonomous, certainly.
I'm curious to see if it's more generalized
or specific agents.
I can see it kind of going either way on it,
but I agree that's definitely going to, like,
continue to evolve.
And maybe one thing I'll say is that
as part of the grants program,
we have a number of applications that have come forward
that are AI-leaning or building authentic agents and such. And so I am making sure to
give them extra review and extra prioritization because I don't
want stacks to miss out either.
I would really view this as a species
and I wouldn't even say this two months ago
I would view this as like a species level event.
And I would roll my eyes
if I had told myself this two months ago.
But I think if you squint and you zoom out,
this is going to be the time when
we look back in history
and we kind of,, okay, the AIs as a network, not just like individuals copiling the AIs, but the AIs as a network decided to choose their currency.
I think as crazy as that sounds, I actually think there's some aspect to that.
I think if we were the chain that was the category leader, meaning we were growing out AIs using Bitcoin as its currency, that could be pretty big.
And I think also differentiating things like SPTC versus
Lightning, like Lightning being payments,
SPTC being capital, I think could
kind of reinforce agents choosing stacks
to help them help them basically
choose bitcoin as their currency i i'm like like more and more as each day passes that more and
more i'm like i'm like who who are we marketing to are we not not stacks but who are who are
who are people marketing to and more and, I feel like they're marketing directly to
agents and not people. Even if it's in an indirect way, it's like, yeah, marketing to
the human to talk to their agents so they do the thing.
Hey, Patrick.
Yeah.
I definitely need to bring other people up because I want to make sure their concerns
get voiced as well. So sorry.
Okay, no worries.
Jake, you're up.
Jake. as well so sorry jake you're up jake hello hello is this thing on jim how can we help what's on your mind what do you got jim jim yeah uh i got a bunch of notes i'll just kind of ramble quick
so i don't take up too much time i will say say the two things that Alex said that I love to hear is very excited about the self-pustodial Bitcoin native staking.
As I'm doing research for Bitcoin yield, the bar for self-pustodial staking is extremely low
and it's basically nothing. So I think that's going to be a huge market. Also excited about
hearing about the 100x throughput. That's been a big issue. So I like that. I think that's going to be a huge market. Also excited about hearing about the 100x throughput.
That's been a big issue.
So I like that.
I think two things that I just want to put a pin in that I'd love to see get priority
is I think Stacks is uniquely positioned on the yield side and kind of low frequency,
high value transactions, whether it's loans or, you know, dropping into a yield
LST. So I think that's good. I'd like to maintain some focus on kind of like the middle of the pack
where you start to go into more higher frequency, moderate to low value things, which includes
things like, you know, perp DEXs, indexes, but also brings in what Pubis was talking about with AI stuff.
And so, yeah, I think that's a big one.
I think AI, I don't think we're going to be the payments chain for sure.
And we're not going to compete on like peer throughput.
But I really like the AI BTC's narrative around agent density, which is like you just have
almost like an economy of agents and people that are kind of like puppeting them. And so you can kind of punch
above your weight in minds there. And there's a big narrative right now on X around like
everyone wants to do open claw this, open claw that, and they bookmark all these articles,
they don't really do anything. And so I'd love to see, it's currently very bottoms up
from the AIPTC group. And I think that's good, we should continue doing grassroots, but I'd love to see, it's currently very bottoms up from the AI BTC group.
And I think that's good.
We should continue doing grassroots, but I'd love to see some focus on kind of those two
things blended, like the higher frequency transactions, but also AI agents in a tasteful
way.
So that's one.
And the other one that's really important to me is on the UX side, I really want to
see SBTC as gas prioritized more.
And this has been a topic that's been brought up a bunch of times.
It usually gets kicked to the wallet providers or the protocol builders.
Like Alex did this at the smart contract level.
It's fine.
You can do it that way.
But I'd love to see at least some talk around
this so that when someone comes in they can bridge in and do things and not have to hold stacks even
though fees are low currently it's just a big friction point and there's a lot of potential
drop-off at that level that i'd love to see prioritized more not just on the wallet or
project brothers those are my two initial thoughts yeah those those are really great i not just on the wallet or Project Brothers. Those are my two initial thoughts.
Yeah, those are really great.
I'll say on the second one, the two things, the SPTC's gas is still on the roadmap and
paired with the, what do you call it?
Using Bitcoin addresses alongside Stacks addresses so that you can literally abstract away the
chain entirely. addresses alongside stacks addresses so that you can literally abstract away like the chain
entirely. It's still very much on the roadmap, still thing we're working on, but is sort of a
step two, I think, after some of the other stuff that I talked about, which is just a little bit,
I think, higher value when it comes to attracting new users. I think what you're talking about, Jay, is really great for both our overall narrative
as well as reducing the friction of onboarding.
But I think in some ways it needs to come after we do the, what do you call it,
the attractors, right, the reasons for people to be here.
If we had a dev team twice the size of what we do now, I think we'd already have it.
But, you know, got to be focused if we if we had a dev team twice the size of what we do now i think we'd already have it but you know got to be got to be focused and efficient thank you alex and thanks jake uh fab Fav3. .BTC.
Otherwise, Diego, what's going on?
Hello?
You're on. We got no it's just just some glue to what jake and both patrick has been
been saying i think no one is disagreeing that the institutional focus sounds like the right move but
um you know bitcoin sitting in a wallet on a few dozen institutions and doing one or two things a year isn't going
to be driving like a real economy where payments or trading or privacy, I think that's a story that
needs to be told now. And if payments and trading and privacy is AI driven, then that's even better.
So it's not that the story, you know, is the North Star of the Bitcoin economy is,
I think it's on the correct place, but we want to believe in, but we also want to make sure that people that are coming in first time looking at stacks understands the vision and feel like, okay, I'm going to double down.
I'm going to, you know, participate in the stacks economy because I understand what the vision is going.
the vision is going so it's more like the north star is right the technology is real and i think
it's just missing the sort of glue of the narrative architecture that connects where we are today
and what the on-chain bitcoin economy actually looks like even if it's ai driven or not right
so that's what needs to be told with sort of urgency and and as a marketing person myself
urgency. And as a marketing person myself, I feel like, you know, marketing can't just come after
the product. It has to like run alongside of. So it's something that I feel like it's a, there's a
window of opportunity here to build some hype and to onboard new users, even if that story changes
over time. So that's just my quick feedback on where we are today. And I think all that have been said is pretty legit.
That's actually a good point.
I think actually a very actionable takeaway we have from there that we could do even without having to spend any particular time or money on it.
But it's just making sure that we're working.
even if you literally just added the phrase like for people and agents into everything that we ever said anywhere.
Even that would be like an upgrade.
But I think you're right about that.
It's just like making sure that the messaging is inclusive, if you will.
100%.
Paper to screen. I think you were going to be up next but you dropped if
anyone else has things that they want to address like please request to speak so
I can get you up on stage your input matters because these will make it to
the actual Treasury Committee meetings I I wanna make sure anybody who has thoughts, input,
feedback, ideas, suggestions that we hear from you.
uh paper to screens you should be up now
Paper to screen, you're up, and Trip, I'm bringing you up as well.
Paper to screen, Trip, both of you are up.
All right, can you hear me?
Let him go first.
Can you hear me? Let him go first. Can you hear me?
Yep, we can hear you.
Yeah, we can hear you. Please continue.
Can you hear me?
We can hear you, loud and clear.
We can hear you loud and clear.
All right.
All right.
So I wanted to ask a question on the deviation away from the AI stuff.
So recently, if I'm not mistaken, just this 2026 at the World Economic Forum in Davao,
the conversation shifted from price speculation, you know, in crypto and all of that to practical integration
of tokenization of real world assets that our OW is taking center stage and it's currently
valued at over $22 billion now. Firms like BlackRock, BNY, Mellon and the likes of them all begin to take the center stage.
Of course, Ethereum hosting over 65% of these RWA assets and all of that.
So I'm beginning to wonder, because I came from the filmmaking industry before I moved
into Staxx and now a smart contract.
They've passed through the grants cohort tree,
just one of the grantees.
And I'm building a media financing solution
that I'll be using to apply this Stacks endowment.
And I've been wondering, isn't Stacks beginning to think of,
because being tied to so much of the price speculation
that goes on in the blockchain industry
that makes all of these upheavals
and these emotional FODs and the likes of them.
And isn't Stux beginning to think of the treasury,
begin to think of looking towards RWAs,
begin to think of real, I mean, real assets,
financial assets that can be tokenized.
Like my own zone is media, creative media financing,
and you have real estate and other people
who would love to come in, who would love to come into
stocks, who would love to come into blockchain.
I kid you not, when I did my market,
my beta testing, I went to the market
place.
Most of the people were just, most of the people
were not interested.
I had met with top filmmakers in my
country. I come from Nigeria.
I met with top, top filmmakers who've done
a lot of productions on Netflix and the likes
of them and Hulu and Prime
and the likes of them. Andulu and prime and the likes of them
and they were interested in the blockchain space but but the issue is come on we don't understand
all of this whole um buy tokens today's take this and that they're like what what are the real use
cases for us and so i want to know what the treasure is going to do. I know definitely I spoke with Rena Shah about my project.
Yeah, I spoke with Rena Shah about my project, but I want to know on a large scale, what is the
treasury thinking about RWA? Well, I appreciate the question. I'll say that we have looked at
some RDWA projects, whether it makes sense for us to invest a portion of our treasury
in there like the rwa money markets and such we do go through a fairly extensive risk assessment
as to which um rwas are suitable for us for investing or not if you're asking more about
like what we're going to do beyond treasury management, whether it's kind of pivoting
stacks towards an RWA chain or things like that. I'd say likely not in the near immediate future.
I think Alex addressed this pretty spot on that there are hundreds of things that we can do,
but having somewhat narrow focus to making sure stacks is successful at two or three topics is really
top of mind for me. So I'm looking at staking DeFi and then what comes next, whether it goes
through agentic agents or another category. But we can't do everything excellent, like there are
going to be trade-offs that we have to make. And so I want to make sure that whatever we do excellent is uniquely positioned for stacks for our Bitcoin connectivity, which is why
some areas of staking, Bitcoin staking is extremely unique. Bitcoin DeFi is extremely
unique. And I do believe like Bitcoin agentic agents or agents facilitating Bitcoin payments
is unique. So I will put the RWA item as part of a,
is this a good suitable area for stacks for our future state on the treasury agenda? So thank
you for that. Trip, you're up now because I need to make sure I give everybody some time.
Thank you so much. Oh, sure. Oh, thank you. I'll be pretty quick. You know,
this is just my every time I try and jump up and make sure everybody knows we're still around.
And that's kind of the creative side of things. You know, like the art, the music, the storytelling,
the storytelling, the games, the content creation, right?
I know Yield is fun and everything too,
but there is another side to kind of Web3 and everything.
And I do want to mention that side of things
and kind of ask the question of like,
are there any steps in particularly
that the Treasury Committee is doing?
Because yes, Stacks has the very strong suit of great builders and it's very academic.
But I will say like, at least me personally, when you look at Stacks, it feels cold, right?
It's very scientific.
It's very academic.
It's very numbers-based.
But it doesn't feel alive.
It doesn't feel warm.
It doesn't feel like welcoming to kind of come into.
It's pretty intimidating.
So I'm just kind of wondering, what's the Treasury Committee doing to kind of look at
Stacks and make it more welcoming for creative types and things like that, in addition to the work that you're doing on
infrastructure and yield and things? Amazing question. And I really appreciate the call out.
I think that's fair. You're right that there is more that we can do. I'd say kind of as we're wrapping up this like more
formalized grant process, I am getting ready to re-spear back the D-Grants Committee and making
sure that people know that there's always a community space that is home for them to self-fund
for the creative arts, whether it be artists or music or NFTs or anything under the sun. I do want to make sure that they're prioritized as well as the content creators and educators
and such.
But I think that's fair that we have taken a institutional lens on the chain, but that
doesn't mean that the chain isn't for retail and isn't for kind of building what you want
more so than anything.
I remember the early days of .v2c and how that brought everyone kind of building what you want more so than anything. I remember the early days of .BTC
and how that brought everyone kind of creatively along the lines.
And I want to make sure that that continues to shine through.
So what I will do is actually put this as a feedback item
for the Treasury Committee to discuss on kind of ease of use for retail and making it feeling like
it's more friendly and less cold because that's a really great call out because I feel like some
of us are so absorbed in growing the ecosystem whether it's from the number of depths or number
of developers or volume generated through DeFi that we lose sight of what brought us here in the first
place.
And for many of us, it was the open internet, decentralized internet kind of legs that brought
us here.
So thank you.
I really appreciate that one.
I also want to make sure that if anyone else has ideas or such, please request to speak so I can bring you up on stage.
Obviously, everyone's input is important and valid, and this is why we host public spaces,
so that anything that's top of mind for you directly gets translated for me of making it into the agenda.
And for full full transparency I
am clearly recording the space a high will transcribe the notes in addition to
the manual notes that I'm taking and I will make sure that everyone who spoke
if they had a relevant thread that it is making it to the agenda like it really
does matter to me anybody who wants to request to speak,
like please smash the request to speak button
so I can bring you up on stage.
I know it's really important that we continue to do this
and have the transparency.
If I can prompt you guys, like what would you like to see coming out of the Treasury
Committee meeting next week, you know, in terms of what we're considering for the next,
you know, quarter or the next two quarters?
Because there are always going to be discussions and trade-offs on these items.
So the more ideas that we can have up on the docket to discuss, the better, because then that
gives us material and content for us to then decide, okay, given what the community is looking
to see or hear from us and where things are at. This is what we should be
prioritizing now versus maybe later. And as Reena said, like every idea is, and every comment and
discussion point is super important. So yeah, I just wanted to prompt you and see if there
was anything else that kind of came top of mind.
Anyone?
I'm trying to make sure that if you're requesting to speak that I can bring you up, but I don't have any requests,
and that makes me a little bit sad.
Oh, coming back hold on I see you okay
dr. Crowe you're up or you should be up and then back to trip but dr. Crow
Dr. Crow, how can we help you? What do you got?
Dr. Crow. If not, trip, go ahead.
I might.
No problem. I can I can I can just go.
I was just going to say one,
one quick thing I'd love to see the treasury committee do. I don't know exactly how, but like,
and it echoes back to what I said before, like I, Stacks has its favorite fishing hole, right?
And that's kind of institutional Bitcoin yield. And we've got like Stacks lab really focused on
that. And Stacks lab has its own resources really focused on that.
But I think it would be really neat to have the Treasury Committee kind of put together some small teams that can go out and maybe look into some of these other areas, such as like real world assets or, you know, how can the music industry benefit or gaming or things like that.
And it doesn't need to distract from, like, the core North Star direction that Stacks and Stacks Labs
and the institutions and, like, the main apps are going.
But, like, every now and then we got to go outside of our favorite fishing hole
because, you know, there's a lot of other types of fish and it's a very big ocean that we can go swim around in and try and catch some things.
Like, that's why I love doing a grants program that I'm making sure to fund teams that think outside the box, because that's the whole point of diversifying our ecosystem, that it's not solely dependent on DeFi.
So I really appreciate it. Like, I'll just say that I've seen after reviewing probably another like 50 grant applications over the weekend.
There are some that are touching creativity. There are some that are more AI driven. There are some that are touching creativity.
There are some that are more AI driven.
There are some privacy driven things that are not maybe in the core mandate of the lab team
who has to maintain the chain and maintain the throughput and build the staking products.
But rest assured that I am looking for grant applications that are a little bit different
because that's the whole point. No, I can, I can totally understand that. But like the one thing
I would add to it is like, we can have those grants come like the grant applications kind of
come in, right. And we can have these people like participate in hackathons and create these things. But for them to have like lasting staying power,
it goes back to what Diego was saying and like the constant asks for like CMO. Like it needs to
be part of a larger vision because like the way I describe it is I'm not going to open a sushi
restaurant in like Arkansas. I'm going to open it in San Francisco. So if I bring a really fun
game to Stacks and maybe I get a grant for it, that would be like bringing a sushi restaurant
to Arkansas, right? No, I'm going to, as a builder, go somewhere else because they have a better
vision that includes me as opposed to everything. So the grants and everything are good funnels,
but to get past that funnel, it really needs to be a top-down, I can find a home in this place
to be anything more than just a hackathon win and then move on to another ecosystem.
A hundred percent agree. You have no pushback from me whatsoever. I will put it on the agenda,
because I actually think this maybe ties into projects that aren't necessarily the core kind
of emphasis on Stacks and being part of the foundry, because the foundry will be supporting
with go-to-market narrative, making sure it still weaves into kind of the core stacks mission one way or
another with obviously assistance from one CMO.
So appreciate it.
I want to get Dr. Crow up and then CryptoBlock.
So Dr. Crow, if I can bring you up.
Yeah. Thank you very much.
Can you guys hear me clearly?
Yeah.
Can you guys hear me?
Okay.
Yeah, so I am a UX researcher,
and I think I've been researching in this.
I've been doing actual Web3 research for over three years now.
And since I've joined the Starks ecosystem, I'm sorry for the background noise, but since I've joined the Starks ecosystem, I've seen a whole lot of things that is happening.
And I've realized that the space is still very technical, just like someone, I think someone mentioned it.
But I don't, for me, I think it's the responsibility of the community.
Yeah, the ecosystem has a role, actually finances and does lots of things around these things.
But I think there needs to be a whole lot of UX community members that actually do research,
actually study the audiences.
Because I think audience
mismatch is something that we suffer from
very dearly in Web3
and especially other ecosystems.
We tend to build products that
our audiences don't need yet
and then we market it to them as if
it is something that they are going to use right now.
So most of the things we are building
are futuristic.
So for me, I think we should be able to align most of our products to what audiences need currently, like immediately.
So and I don't know, I've not done much research on the Stax ecosystem.
I'm pretty much new and I recently just applied for the grant. So I'd love to actually connect to more UX researchers
and behavioral engineering or system,
behavioral systems engineers within the ecosystem
to see what we can actually do
to put the ecosystem out to actual users,
the people that will actually use the products.
Awesome.
I think I actually can take action on
that somewhat quicker. Here's what you, if you can just put a quick post on the Stacks forum,
let me get you connected to DevRel and other UX researchers that we have in the ecosystem and
let's create a working group for it. Easy action. Let's get, let's make it happen.
Cryptoblock, you are up next.
Hey, how y'all doing? I was just wanting to ask a question about the treasury.
I've created a platform. It's not Stacks native, but I'm using the Staxx402 payment, and I've installed the adapters for Hermetica and for Zest.
So I was just wondering, it's an execution layer, verifiable with the T, the Trusted Environment Execution.
So I was just wondering, is that something that I can apply for the treasury grant?
So I was just wondering, is that something that I can apply, you know, for the Treasury grant?
By all means, like if you're building something that generally benefits stacks and looks like yours is maybe a Treasury management solution with our DeFi and other DAPs kind of already included.
If you haven't applied for a getting started grant, the window closes in 10 days.
So get your applications in, because once the window closes, you'll have to wait for the next quarter.
Okay, thank you.
You're so welcome.
Tender Leon, I think you're up next.
You always have issues of pronouncing my name.
I know. I'm sorry.
Yeah, no problem. Or you can call me Tenderly for sure. No problem. So just wanted to ask,
based on the pin post on the endowment account, talking about the fifth point,
that is the community D grant, is it going to be happening now or like, is it like live or it's still on its way to as well?
So the cohort.
Cool.
So cohort three of D-Grants is just finishing your administration with, you know, getting everyone settled and paid and making sure all the milestones hit.
When that cohort is finished, all of its admin probably in a few weeks, if not shorter,
I have some time set aside to meet with the committee members who served on cohort three
to see what their time capacity is for cohort four and get that up and running.
So I'll say that my time to target to get D-grants up
will be probably towards the end of this month
for the next set.
So thank you.
I think we have Engineer, you were up.
I think it dropped, but we have Volupeak.
Come off mute.
How can we help?
What's your feedback? volume peak the engineer either or I know we're coming up on time but I want to get all of your
things in Okay, Ballupik, you're good to go.
The engineers, how are you?
Can you hear me?
Can you hear me?
I can hear you.
Okay, yes, so GM, I am BluePick. I am currently working on a web app that basically teaches people what the stack ecosystem is
about.
Like, it's basically an app that helps you understand how it works in various ways.
Like, as a kid, you could learn about the stack ecosystem without having to go through
the technicalities um even though you don't understand how the other technologies work like
proof of transfer once you go on the web app you can get the ai to explain to you in simpler terms
and you will definitely understand because it is structured in a way that even it's hard to be able
to learn without um stressed over it.
So what I'm building currently is just to define how users are onboarded.
I mean redefine how users are onboarded to help people be more secure in it. Because most people do not particularly understand, but you just have a brief knowledge of it.
But they do not understand what the stack system is all about so the web app is to like help them understand it
more in depth and through that they can get um some other benefits that would be going around so
i'm currently trying to apply for the grant how plausible is that
i think it's definitely possible but i would need to kind of dig into this more on the web app and how it functions kind of across the chain.
So if you did put a grant application in, I will obviously be the person on the other side looking at it and reviewing.
And so I'll follow up with you kind of there directly. Myla or Mila I
don't know if I'm pronouncing it correctly if we can help you and then
the Moz network afterwards.
Hi everyone, good evening.
Yeah.
Myla, I think we might have lost you.
If you want to go back on mute and give your feedback or question or input item.
Myla.
Alternatively, the Moz Network.
The Moz Network. the Moz network
the Moz network Myla trying to get you guys off mute and make sure that we're hearing your input again if anybody else does want to speak like the stage please just drop something on the forum
because I will be look I do look at the forum multiple times a day
um Myla or Moz network going once
going twice.
I do want to be respectful for everyone's time,
given it is kind of odd hours of the day for certain folks.
Let's speak now.
Otherwise, I will be directing you to the forum and officially closing out the Treasury Committee office hours. I really want to say one thank you for everyone who's contributed and contributing means just showing up and listening to your fellow stackers on what's important to you.
Again, these are really important to me in particular from the endowment side because every item that was brought up does make it to the agenda officially, which means your ATC members, which include Andrea, Dylan from Bitflow, Luis from Rider, Jonathan Sedlow from Signal 21, and then Manib, Alex, anditchell all take all of these items and actually discuss at
length and make resolutions as to how do we push stacks forward with the community's feedback in
mind so we will continue to host these monthly kind of treasury committee and endowment office
hours because public transparency is important again Again, thank you guys so much and
steps to the moon. That's the goal. Appreciate it, y'all. Thank you.
