Comprehensive Overview of Gold DAO

@wpb @plsak excuse the delayed response.

Yes, your were right with your statements. We’ve activated a small amount of rewards (0.1%). This will let neurons accumulate maturity that is used as a basis for the reward distribution of the staking rewards in ICP/OGY. Contrary to NNS neurons, SNS neurons have all information public including maturity which let’s us provide this mechanism.

Yes, ICRC1 accounts are based on principal (owner) and subaccount. So ICP can be sent to a principal. We will provide a tool that let’s you specify your reward address, more on this will come soon.

Similar to the reply to the questions from @wpb, we will provide a tool that let’s you specify your OGY reward address. It will be based on the hotkeys of the neurons.

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Oh wow, I didn’t realize this was a feature of SNS neurons. It opens a lot of possibilities. Thanks for clarifying. I look forward to learning more about the reward mechanism that the dev team develops.

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Hi Dustin, follow up question. In the NNS wallet where I hold my locked GLDGov tokens (neurons) it says: “Hotkeys: In order to use this neuron to vote … you have to add your personal dapp ID as a hotkey. Please refer to the instructions given by the corresponding dapp.” However if I use the “Add Hotkey” function there, copy my Principal ID in the required field, click “Confirm”, it is not accepted or stored. Could you help resolve this?

Hi @ic.aitubi , in general you should be able to add any principal as a hotkey there. I just tested with one of mine and I could add another principal.

What exactly are you trying to do? Is there an error message popping up that gives more info?

If you funded the golddao sns how do you see your gold dao tokens?

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Login to the NNS dapp (https://nns.ic0.app/), click on “My Neuron Staking”, select “Gold Dao” and you should see eight neurons with your tokens.

i can not vote, because my desktop has no passkey option, but i receive inflation compensating rewards for my launch input for gold dao nevertheless?
great!

Hi @Dustin, as per below proposal, is there a plan to ever start dissolving of the staked ICP neurons?

If not, wouldn’t it be better to stake all for 8 years to get higher rewards?

Hi @plsak , the plan is to start dissolving some time in this year. However, this is also subject to go through SNS voting as all management of those neurons is now in the hand of the SNS.

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The Swap App is greyed out? Any idea where I can find this for Android to swap my Gold NFTs? Or am I too late?

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The swap app hasn’t been released yet. We will inform broadly once it’s out.

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So by holding Gold DAO i do not own any gold. But it is needed for buying the gold NFT?

How did you receive your tokens after supporting?

‘After supporting’, you mean after the launch?
Can you clear further?

I’m almost sold on Gold DAO. One thing I do not understand though is how are the storage and audit fees for the physical gold paid? If I purchase a gold NFT from Yumi how is that fee to hold the gold in the vault paid for? Do I have to eventually pay for the gold to sit there? Thanks

Hi Gold DAO, it’s exciting to see your known neuron proposal! As it doesn’t appear to have been mentioned yet on the forum, are you able to share your motivations for registering a known neuron and what your voting principles are?

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Hi @Lorimer , thank you for reaching out!

This proposal wasn’t sent by us but by some community member (maybe @krzysztofzelazko if I interpret the proposer neuron correctly?) who is trying to foster decentralisation on the NNS governance. We’ve checked the proposal and it is indeed correctly pointing to our 8 year neuron which is being followed by our other neurons, so essentially getting the full voting power of roughly 550k ICP in control of the Gold DAO.

Interestingly, we’ve been planning to become a named neuron as the Gold DAO as well and this may just move this forward a bit. Since it is all technically correct, we will endorse this proposal.

We will start by mainly focusing on topics which are directly related to us. This means new developments for SNS governance (i.e. topics about System Canister Management), Governance and SNS & Neurons' funds. However, we’ll also monitor the others and the general ethos is to vote in favour of Gold DAO’s vision and roadmap.

Side note: as the registered neuron 7446549063176501841 is in control of the Gold DAO and it will be hard to vote with this one directly, we follow our manual neuron (7577629725324745012) to perform the active voting for now.

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Yes, I proposed registering the Gold DAO neuron. If I understand correctly, the team neuron 7577629725324745012 is only a temporary solution, but ultimately it is the DAO neuron 7446549063176501841 that will vote directly to improve decentralization. Here, we can suggest the solution implemented in WaterNeuron SNS.

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If Gold DAO does end up implementing a voting strategy similar to WaterNeuron, then we can easily modify the vote relay canister linked below so anyone can create NNS / GoldDAO neuron pairs. That way people can always follow their preferred NNS neuron on the SNS version of the proposal. This can be set up for known neurons or for personal neurons. Of course, CodeGov would offer a follow option to the Gold DAO community on this topic since we are intentional about active participation in technical proposal reviews for NNS proposals.

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Yes, delegating the vote to the manual neuron is more a temporary solution until we have a strategy for voting via the SNS in place. Something like what WaterNeuron has done may make sense.

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