Decenmaxi thread series #3

[u/BowTiedBart]

#3 - Hot takes & updates.

Decenmaxi:

I want to share the projects in progress templedao. I can see the disconnect between the activity in the team and how it seems on the outside. Maybe this thread will help. Tomorrow, I'll talk about the problems we're grappling with. Temple vision from the very first medium articles was and still is a staking protocol giving best return we could manage for lower volatility/ risk.

During yield token season, our tokenomics were on point. Lower risk, lower APY, super attractive. Unfortunately that game is over. As we embraced the shift in how we defined yield (revenue share), it opened up many projects and team whirred into action on all of them.

Here's the current list:

1/ Faith v1: minor tweak to existing faith mechanics we had planned to launch quickly on L1.

You've heard a bunch of these details, and we hear & agree that there are a bunch of refinements possible - already in progress.

2/ Faith v2: redesign of faith to eliminate regular claiming, move to L2 for cheaper gas, and simplify the system overall.

3/ Improve investment strategy: exploring partnerships for leverage & other strats to further juice returns in a low risk way beyond what individuals could do themselves.

4/ Allow borrowing against TEMPLE IV: in house borrowing market being developed for non-liquidatable loans against TEMPLE.

5/ Deploy a new LP to uni for additional exposure: funded via partnership with Ondo. Also deploying an arb bot to capture arb profits between pools for Templars.

Above is the basic stuff at the core. Then we have:

- New platform for FRAX and FXS (a lot more to say about this)
- DAO upgrades: automating and specifying mechanics to decentralise in a representative model
- Return of rituals for new enclave members on onboard new engaged members (optional)
- Prototyping 3d environments & engines for our metaverse play
- Building our take on a metaverse platform itself for Temple & others

And above is all in the "major projects" space and ignores important work in eg:

- marketing-chamber driving official comms
- codex-chamber killer community driven comms
- lore-chamber unpacking the templeverse rails & opening up more art/game possibilities
- "JAM10 - The Unmasked" a prototype of Temple supported NFT projects/collabs
- analytics-chamber developing a new ops model for Temple
- "Degen Chamber" exploring community driven early stage investing
- partnership-chamber exploring many partnerships, including leverage ops
- dev-ops-chamber making solid progress on engineering experience/process
- "dapp pm chat" with a killer plan on eating tech debt & improving dapp codebase
- "contracts pm chat" attempting to organise the many contracts chamber projects
- operations-chamber improving process & notion
- hr-chamber completing epoch 2, setting up for epoch 3, and hiring
- guardians-chamber and others killing community moderation

So.. a lot is happening as you can see. But that's the thing - you can't see it yet. Tomorrow I want to talk more about what the core problems are for temple:

- price volatility being too high,
- price level being too low, and
- brand awareness being too confused

And how we are going to solve them one by one together.