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Council Round #21+22 - 08-09-2020 - Council Report.md

Council Round #21+22 - 08-09-2020 - Council Report.md 11 KB
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Council Election Round #20/21 - Performance Review and Minutes

1 - Basic Information

1.1 - Introduction

The council is expected to produce reports during each round and provide feedback in the form of workflow, challenges, thinking and performance as well as minutes covering important events during the council session.

Usernames referenced are Joystream usernames. All times are calculated based on 6 second blocktimes and not actual blocktimes. The Council Round number is taken from the chain, the KPI rounds have an offset number.

This report was compiled by @tomato with assistance from @freakstatic

1.2 - Council Round Overview

  • Council Election Round: #20/21
    • The first council election failed to attract enough participants, so a second election was automatically started.
  • Start Block: #2363611
  • End Block: #2464410
  • Forum thread for round feedback: https://testnet.joystream.org/#/forum/threads/105

1.3 - Council members & vote participation

  • All usernames are listed in the order given by activeCouncil from chain state.
  • Votes cast includes all types of vote (Approve, Reject, Abstain & Slash)
Username Key Prop. Votes Cast CM Own Stake CM Voter Stake
@blackmass 5CunuuAenxcL2U9bmbXzWSwFMTv8Z8WhudSJjRVknU2fSAXC 4 250000 250000
@anthony 5Dihr72NbSTZmKp6JFfGUd5AboRbvqYkVGSAUshNB2Jg8sPh 5 1000000 0
@supunssw 5EZxuZgXdk82cDM24Sxon4ToPDqFdsG526yvnc96WQJi6wTC 1 300000 0
@freakstatic_council 5EnHnMqV2DeDSHNyncYwwRZxzb67orwmdMTF9JNEgmCUQUYF 8 1000000 0
@fierydev 5Euhz9q7XnYy7ixMJzSpTsjBFToJ1vspjDYpRRvUU6r7uhsU 7 500005 0
@nexusfallout 5FMrFXCbhtdv4tG5XaPsG3MyS6u36ZfsdCoHZxk4cTGdE56D 8 500000 0
@tomato 5FnXBHfcDE6nQrwHjZqHYYpnzCLap2b9d3eQHt2Jt9eBG6mv 8 250000 0
@branko123 5GW1DZaHCxgvHegLQqcKppWtvAYRd5fu7Si9boHakpLKGr91 1 700000 0
@sparky 5GvbKqm7m7cxX3ZAW2fqVMXCC8DoJSTqbETcNdMzLCoBmhWH 4 500000 0
@manipal 5HBzsXdZnQ8GGuSvfeTstk3RAoyh7LU48tH7vZcoZkTip7yL 1 1000000 0
Total Stake 6,000,005 250,000

1.4 - Council Roles

1.5 - Council Mint & Budget Status

  • Start minted: 38963363 tokens
  • End minted: 44363363 tokens
  • Total minted during council round: 5400000 tokens (+13.85% from start)
    • Minted from Spending proposals: 3000000 tokens
    • Minted for CM payments: 2400000 tokens

Budget proposal link: https://testnet.joystream.org/#/proposals/75 Total budget: 10384331 tokens Total used of budget: 5400000 tokens (52.00%)

(Note: The council budget is a work in progress and is a non-binding proposal, at this stage it can be used to simply begin the development of a working budget for the council. Currently the council mint is filled by Jsgenesis, but on mainnet this will have to be managed by the council in some way.)

2 - Minutes

2.1 - Proposal Overview

  • 10 Proposals Created

    • 3 Text Proposals
    • 3 Spending Proposals
    • 4 SetWorkingGroupMintCapacity Proposals
    • 0 SetContentWorkingGroupMintCapacity Proposals

  • 6 Approved & executed proposals

  • 2 Canceled proposals

  • 2 Expired proposals

  • 0 NotEnoughCapacity failures

  • Total time for proposals to finalize: 431.93 hours

  • Average time for proposals to finalize: 43.19 hours

    • This average is calculated from all proposals, including canceled and expired proposals.

2.2 - Proposal Breakdown

Proposal 70 - Council Secretary - Council #21

Proposal 71 - Refill Storage Working Group mint

Proposal 72 - KPI 15.4 - Appoint New Council Secretary

Proposal 73 - Refill Storage Working Group mint

Proposal 74 - KPI 15.3 - Council Report

Proposal 75 - Council Budget

Proposal 76 - Curator working group feedback - August

Proposal 77 - Storage working group feedback - August

Proposal 78 - Refill Storage mint

Proposal 79 - Refill Storage mint

2.2 - Community Repo Pull Requests & Issues

2.3 - Select events

  • Council was supposed to organize an evaluation of the storage & curator working groups, but this was not completed. Some templates were produced but this KPI was failed.

3 - Review

3.1 - Workflow, Performance, Challenged & Thinking

  • @tomato
    • This council round went ok, but there was an issue with a storage mint proposal (https://testnet.joystream.org/#/proposals/73) that never received enough votes and expired due to a lack of votes. I think this is partly down to a lack of voter activity but also due to some UI/UX issues, I created a github issue with some potential improvements: https://github.com/Joystream/joystream/issues/1244
    • We also failed KPI 15.5 as the documents weren't completed in time, the two proposals I made for discussion (76+77) sadly didn't get any feedback from users. I think this is down to not having enough factual information for people to comment on. Hopefully we can progressively begin to implement better reporting systems for WGs and this will help with doing feedback.

4 - Obligations

Council obligations are payments or items that carry through council sessions. These are noted so that future councils can easily see what items they should be aware of. Items can be removed from here once they have been resolved or become outdated.

4.1 Current Documents / Processes

  • Council Report
    • Each council should produce a report which highlights important events, council participation, mint spending and other important facts surrounding the council term
  • Council Budget
    • This is a proposal which tries to guide how many tokens the current council may have available to it during a term. This is a non binding proposal, so is mainly used as a guide for now.

4.2 Documents WIP

  • Tokenomics Reports
    • This is a periodic report which should be produced after each council round has concluded. It should serve as a tool to see the overall economics of the platform.
  • Working Group Evaluations
    • This was introduced in KPI 15.5 and should serve as a way of evaluting the working groups, so far it hasn't been produced fully.

4.2 Regular Payments / Proposals

  • Council Mint
    • The council mint needs to be checked on a regular basis and in the event it is near depletion, a council member should notify a member of Jsgenesis in order for it to be refilled.
    • The council mint is set at a value decided by Jsgenesis.
  • Council Roles
    • Council Secretary
      • This role was introduced in Council Round #18 and the current payment is 2 million tokens per council round
  • Content Curator Mint
    • The Content Curator Mint currently has a maximum value of 1 million tokens.
    • The Content Curator Mint has to be filled periodically and the agreed amount was discussed earlier. The amount may change in the future, but the rewards for this role are dependent on the council passing these proposals in a timely fashion.
    • The Content Curator Lead role is expected to keep track of their mint level and any member of the Joystream platform can create a proposal to refill this mint.
  • Storage Mint
    • The Storage Mint currently has a maximum value of 1 million tokens.
    • This mint has be refilled periodically
    • The Storage Lead role is expected to keep track of their mint level and any member of the Joystream platform can create a proposal to refill this mint.

4.2 Bounties

  • There are no outstanding bounties at this time.