Main Topics & Key Takeaways
- Nance Updates
- Juicebox V4 Development
- JBX Token & NANA token Relationship
- Juicebox Money (JBM) Integration with V4
- Revnet & Cross-chain Functionality
- DevOps & Development Priorities
Nance Updates
Jigglyjams presented several new Nance features. A significant addition is the ability to transfer ETH directly from the safe, which should streamline operations for many users. Another notable feature is a new pop-up that reminds users to add actions when mentioning "pay" or "send" in proposal bodies - a small but potentially impactful improvement.
The UI has been refreshed with a native ETH amount display that pulls the current balance from the safe, and a new voting info percentage bar. A minor bug in the quorum calculation was noted and will be addressed soon.
An interesting development is the integration of Nance with MoonDAO, including custom skinning in their app. MoonDAO is using a unique governance cycle: 2 days for temperature checks followed by 5 days of voting. This approach may provide valuable insights for future governance strategies.
Looking ahead, there are plans to reach out to Discourse DAOs for fundraising. The Nance team is considering using Juicebox itself for feature support fundraising, aligning with the project's ethos.
Juicebox V4 Development
V4 is in its final stages, currently on testnets and undergoing the last round of audits. The team is awaiting reports for the Suckers repo and the 721 hook repo. The nana-core repo has completed audits, with just one final pull request to merge.
The next testnet version is expected to be the production candidate. Jango emphasized the importance of generating significant activity on this version to identify any remaining issues before the full launch.
JBX Token & NANA token Relationship
Jango provided clarity on the evolving relationship between JBX and the new NANA token:
- JBX will not be the fee-collecting token for V4
- It will continue collecting V3 fees, though these are expected to decrease over time
- JBX is transitioning to become the main governance token for the entire ecosystem
- NANA tokens will collect V4 revenue and be owned by JBX
This shift positions JBX as more of a pure governance token, with economic benefits coming indirectly through its control of NANA tokens.
Juicebox Money (JBM) Integration
The integration of V4 with JBM was a key point of discussion. The current strategy involves launching a beta version on Optimism while maintaining V3 on mainnet.
A central challenge is balancing feature-rich offerings with user-friendliness. While JBM may initially focus on simple, vanilla fundraisers, there's a recognized need to support multi-token and cross-chain functionality to remain competitive in the space.
The discussion highlighted the complexities of maintaining synchronization across multi-chain projects, especially for less technically inclined users. Finding accessible solutions to these challenges will be crucial for widespread adoption.
Revnet & Cross-chain Functionality
Revnet.app is emerging as the primary interface for early V4 networks, offering deterministic, contract-owned functionality across multiple chains.
DevOps & Development Priorities
0xBA5ED is spearheading DevOps work, with a push to make significant progress by the weekend's end. There's also a drive to finalize core development as soon as possible.
While local development setup appears straightforward in theory, potential challenges with wallet funding and API key setup were noted.
The team is considering proposing funding for recently acquired open-source tools in the next governance cycle, which could prove to be a strategic move for the project's development.
Summary
The meeting highlighted that Juicebox is at a critical juncture, with V4 nearing completion and several challenges ahead in terms of integration and user experience. The evolution of JBX's role represents a significant shift that will require careful communication to the community. The coming weeks and months promise to be an exciting period of growth and development for the Juicebox ecosystem.