Meeting Notes: Cometa X ASA Stats catchup re: LaaS and Staking #346

AlgoRhythMatic · 2022-11-18T20:02:38Z

AlgoRhythMatic
Nov 18, 2022
Collaborator

Agenda: discuss next opportunities for ASASTATS staking and/or LaaS w/ Cometa + catchup on recent projects

Attendees:

Meeting minutes:

Discussed extending ASASTATS pool
- Self-service costs 100 ALGOS, so the easy method is to have Nikita from Cometa team setup the pool
- ToDo: create discussion to understand if the community wishes to change any current staking parameters
Discussed the concept of using ASASTATS for use to purchase services/API access
- Service recipients get governance
- Potential to stake the governance ASASTATS at some location
- 75% of ASASTATS will be refunded
- Potential to use Cometa to stake for this purpose
- Critical aspect is that funds remain in Cometa for the agreed upon duration to retain governance status
Geo suggested we create a liquidity pool for LaaS on testnet to try out service
- Potential to split traditional TM ALGO/ASASTATS, and rejoin both sides in Cometa LaaS vault
- Geo suggested this use case on Cometa LaaS test-net
- Ipaleka agreed to try out testnet
Discussed incentives to use LaaS
- No longer Aeneas incentives available
- Reviewed concepts and benefits
  - Prevention of IL
  - Only requires ALGO vs. ASASTATS/ALGO
  - Potential to split traditional TM ALGO/ASASTATS, and rejoin both sides in Cometa LaaS vault
Discussed Cometa NFT lottery game (not really relevant to ASA Stats)
Briefly discussed how NFTs could be used by ASA Stats
All agreed we should have a future meeting to discuss API potential for integrations

ToDos:

AlgoRhythMatic will send data for next staking pool to Cometa in the next week:
- AlgoRhythMatic will create an article in github w/ a poll about what to refresh or update
- Measure results from discussion
- Create a new ASASTATS staking pool update request -> Nikita in Telegram
Ipaleka to begin testnet interactions w/ Cometa LaaS
Schedule followup meeting re: API in a month or so