2026-04-14 Meeting summary for Steering Committee Monthly Call

Quick recap

The monthly Steering Committee meeting focused on operational updates, performance metrics, and ongoing development efforts.

• March performance showed the team stayed under budget and maintained strong operational stability, with no incidents and continued growth in crypto handle usage.

• Development progress included work on FIP-53 (special-use buckets), with smart contract updates and testing underway.

• Revenue increased slightly month-over-month, and the team continues to monitor financial performance closely.

On partnerships and ecosystem growth:

• New integrations were highlighted, including Atom Wallet and BitLock.

• Ongoing collaboration efforts continue with platforms like Bitpanda and Pi3.

• Additional partnership opportunities (e.g., Sunrise) are being explored to expand functionality and ecosystem reach.

Next steps

• Wayne: Continue to explore partnership opportunities with Sunrise regarding the Solana bridge and liquidity, and share the proposal and plan once received.

• Steering Committee Members: Vote on the new worker proposals after the meeting.

• Nicolas and Wayne: Move all relevant foundation funds (including bucketed and market maker funds) to Asheron for market making, as discussed.

• All: Actively consider and discuss (async or in follow-up calls) the future of public-facing Discord vs. Telegram, including handling support/ticketing, and make a decision on platform consolidation.

• Continue partnership outreach and integration efforts

• Monitor development progress (FIP-53 and related updates)

Summary

March Performance and Financial Updates

Nicolas provided updates on the March performance, noting they were under budget by $1,800 and achieved key metrics including no incidents and increased field crypto handles. The team focused on developing FIP 53 for special use buckets, including smart contract changes and testing, though implementation awaits more block producers. Financial updates showed March income of $12,200 (9% increase from February), resulting in a net decrease of $34,300 and reduced treasury reserves, with a runway of 20 months at the end of March.

Monthly Maintenance and Partnerships Update

Wayne presented the monthly maintenance proposal recap, reporting that the team was $549 under budget for the month. He reviewed key performance indicators, noting that revenue targets were met but engagement rates dropped below 5% for the first time in over a year, though the cause remains unclear. Wayne discussed recent partnership activities, including new integrations with Atom Wallet and BitLock, ongoing work with various platforms like Bitpanda and Pi3, and potential partnerships with Trustware and Sunrise for token bridging and protocol development.

Worker Proposals Budget Discussion

Nicolas and Wayne discussed two worker proposals aimed at maintaining operations and restructuring the organizational structure. They reduced the budget for these proposals to 50-60% to keep "the lights on" given the current treasury situation following the delisting. Wayne presented his proposal focusing on maintaining social media content output, community engagement, and essential activities for $24,000 per month, with specific KPIs including 100+ posts and stories monthly across main social platforms, and 25+ active days in community channels.

Communication Channels Consolidation Discussion

The team discussed reducing costs and consolidating communication channels, with Emily suggesting potentially retiring or limiting public Discord activity while keeping it for internal use only. Emily noted that while Discord is managed by the Glimo bot, there's less activity there compared to Telegram, and suggested transitioning public-facing community communication to Telegram while keeping Discord for team-based communication and tickets. The team acknowledged this would be a significant transition and agreed to further discuss the proposal before implementing any changes.

Community Platform Efficiency Discussion

The team discussed reducing inefficiencies by potentially cutting Discord usage in favor of directing users to Telegram, where more community conversations occur. They debated how to handle support-related questions currently managed through Discord's ticket system, with Emily suggesting routing users to email as one potential solution. Wayne presented an update on exploring a partnership with Sunrise, a Solana deployment team, to create a bridge for token migration, including market making and performance-based KPIs, though detailed proposal information was still pending.

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