2024-11-12 Meeting summary for Steering Committee Monthly Call
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Quick recap
Pawel presented the worker proposal for the core infrastructure team and discussed ongoing issues and new features. The team also discussed the potential for a 75% reduction in integration development effort due to the introduction of the light SDK and the idea of updating their token contract to be compatible with layer 0 or layer one omni chain. Wayne shared updates on various partnerships and integrations, including the progress of enhancing integration with the trust team and exploring ways to help the finance team.
Summary
Core Infrastructure Team Worker Proposal
Pawel presents the worker proposal for the core infrastructure team for October, including a review of the previous three-month period. The team was $24,000 under budget for the three months. The block producer monitor has been launched, scoring block producers and their nodes. A light SDK has been released for integrating Fio functionality into other products, which Pawel recommends as the default option due to its small footprint and ease of auditing. The dev hub has been updated to reflect the new SDK.
Oracle Software, Domain Auto-Renewal, and Costs
Pawel discussed the ongoing issues with the Oracle software version and the development of a new feature for domain auto-renewal on-chain. He also mentioned the release of version 1.26 of the Field App, which will include the ability to vote for block producers and fear board candidates directly within the app. Pawel also highlighted the cost audit of AWS, which could potentially reduce the monthly cost by $2,000 to $3,000. He also mentioned the piloting of AI tool subscription for entropic using Claude. The treasury position has decreased by 15% from September to October, and the runway has decreased from 29 to 24. Luke pointed out that the treasury position increased in November.
Fio Light SDK and Drought Discussion
In the meeting, Wayne discussed a slight drought, but no specific details were provided. Gil asked about the Fio Light SDK, prompting Pawel to explain that it is a lightweight library with minimal dependencies, designed to support only three functions: generating a transaction, signing it with a private key, and broadcasting it to the chain. Pawel emphasized that this approach makes the SDK easier to audit and less vulnerable to potential issues. Gil understood the explanation, and Micah ended the discussion by asking about the percentage of business development reasons, but no answer was provided in the transcript.
Exploring Token Contract and Integration
The team discussed the potential for a 75% reduction in integration development effort due to the introduction of the light SDK. Wayne shared his experience with a CEO from a project they've been talking to, who suggested that having a wrapped token on base could increase the chances of moving forward. Pawel confirmed that adding a wrapped token on base is on their roadmap, but the timeline is uncertain. Luke suggested the idea of updating their token contract to be compatible with layer 0 or layer one omni chain, fungible tokens, which could simplify the process of bridging between different chains. The team agreed to keep these ideas in mind for future discussions.
AI Integration and Event Updates
Luke and Wayne discussed the potential of integrating AI agents with Field Crypto, with Wayne mentioning the release of an AI API. They also touched on the upcoming event dates from January 21st to 24th. Wayne shared updates about the team's attendance at various events in the past month, including Digitech, Maine by Masari, Permissionless, and India Blockchain Week. Luke was invited to talk about the music industry's potential use of web 3 at the Music on event. The Binance Blockchain Week was highlighted as a successful event with quality connections made.
Partnerships and Integrations Progress Update
Wayne discussed the progress and future plans of various partnerships and integrations. He mentioned that they are working on enhancing integration with the trust team and exploring ways to help the finance team. Wayne also shared updates on partnerships with Binance, Gate, Bit, Bitroof, Coffer, Metamask, and others. He highlighted the potential of integrating handles and domains with these partners, and the concept of using handles to map to verified token projects. Wayne also mentioned the ongoing work with Trust Wallet, Zipto, and DEX Tools. He concluded by stating that they are planning to set up a call to discuss further integration with DEX Tools.
Next steps
Pawel to continue working on fixing issues with the oracle wrapping process.
Wayne to follow up with Coinbase contact regarding potential FIO listing and integration with Base chain.
Core chain team to continue development of FIO Relic history solution.