Quick recap

The monthly steering committee meeting welcomed new members and discussed financial updates, including pending payments and budget tracking. The team reviewed various partnership initiatives and infrastructure developments, with progress reported on core systems and performance metrics. Key decisions were made regarding worker proposals, promotional scripts, and AWS costs, with plans for strategic transitions and cost optimizations discussed

Summary

Steering Committee Welcomes New Member

The monthly steering committee meeting began with Pawel welcoming Nicholas as a new steering committee member, representing the Aleph1 team that has provided tech services to the foundation for four years. Luke reported that pending payments from Acheron's command center have been resolved, though funds remain tight with a limited runway. Nicolas introduced himself as the new steering committee member, highlighting his team's work on the FIO app, field dashboard, and Oracle software for token and domain wrap functionality.

November Performance and Partnership Updates

The team reviewed the November performance, noting a $28K spend against a $20K budget, with revenue meeting the $16.5K goal. Wayne reported progress on partnerships, with Bitpanda's native integration underway pending MOU signing, while other potential integrations with SwapZone, Virgo Wallet, and Trust Wallet are in various stages of development.

Infrastructure and Governance Updates

Pawel reported on the core infrastructure worker proposal, noting they are under budget by $5,000 and tracking only USDC. Key performance indicators showed a 30% drop in crypto handles month-over-month, but a 77% increase in PO domains year-over-year. Pawel discussed ongoing work on the FIO token base wrapping and Oracle software deployment, with two out of three oracles already adopted. The board appointed Frank Michalich as a new board member and Nicolas to the Steering Committee. Pawel announced he would step down from his worker proposal by the end of January to reduce costs, with Nicolas potentially taking over some responsibilities. The board directed that the marketing budget be maintained for the next batch of worker proposals, and a meeting was planned to discuss reducing entity fees with their agent in the Cayman Islands.

AWS Cost Optimization Strategy

Wayne discussed AWS cost savings with Pavo, who confirmed their current AWS costs are around $3,400, and agreed to chat about potential savings with Taco from Manifest AI. Pawel mentioned he would be working on a transition strategy with Nicolas over the next month and a half. The group briefly discussed Twitter account transitions and API subscriptions for accessing the X feed.

Promotional Script Discontinuation Decision

The team discussed shutting down two promotional scripts: a Twitter/X promotion that costs $20 and a FIO Art NFT generation script. Wayne and Emily agreed with Pawel that both promotions should be discontinued since they are no longer relevant, with Wayne noting that X Payments is available but hasn't seen new activity. They decided to keep running the Field Game promotion since it's still being used.

Next Steps

• Wayne: Set up a group chat with Pawel and Taco from Manifest AI to discuss potential AWS cost savings

• GP: Update the About Us section of the website with new team additions (Frank Michalich to board, Nicolas to Steering Committee)

• Pawel, Nicolas and team: Develop transition plan for core infrastructure worker proposal responsibilities by February 1st

• Nicolas: Submit new core worker proposal by end of December/early January

• Pawel, Luke, Jonathan: Schedule meeting to discuss potential reductions in entity fees with Leeward

• Pawel: Shut down Twitter/X API subscription and FIO Art NFT script

• Wayne, Luke, Nicolas: Submit next worker proposals by end of December for Steering Committee approval

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