Purple

Purple’s goal is to proliferate and expand the Farcaster protocol and ecosystem.

The first E.L.E.C.T. Chairs have been voted on by the community. 

Now what?

@ekinci.eth and the Security Council can begin immediately. 

The Revenue Chair position, held by @pichi, requires an additional proposal to address the way that the rewards are paid out.

I’ve put together a draft proposal here for review: https://app.charmverse.io/purple/e-l-e-c-t-updated-splits-contract-7624870433648379

FWIW, I don't expect this proposal to be contentious. It's a routine upgrade that swaps the Waterfall contract for a new one that correctly calculates the net compensation for the Revenue Chair. 

In the future, should we decide to maintain the position, we won't need to submit a separate prop. 

If there are no comments or glaring issues, I'll submit this for a vote in ~24 hours.

Update: the administrative proposal to update the Revenue Chair Waterfall is now live and needs 40 votes to start the term for @pichi

Pi-chi.eth (she/her) Artist /animeoutcasts
Purple Promoter| Hosting: /moxietools /kyoto /momiji  /anime-manga /farcasterunion

https://beacons.ai/pi_chi

Update: the administrative proposal to update the Revenue Chair Waterfall is now live and needs 40 votes to start the term for @pichi 

https://nouns.build/dao/base/0x8de71d80eE2C4700bC9D4F8031a2504Ca93f7088/vote/14?tab=votes

Looks a bit difficult ie [object, Object]. How best to simulate this transaction?

@pichi what did you use to confirm this was good to go? gc

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Rome, Metropolitan City of Rome Capital, Italy

Ethereum builder & people connector. @juicebox revnet.eth.sucks defifa.net d33m.com

I assumed this was just the follow up to the previous proposal and making the new waterfall official.

Yeah that’s 💯 true. It moves money so I’d like to simulate it before voting for it which is a no brainer if it actually does what the proposal says it will do. 

Reasonably low risk & easy e vote to revert. The effort to simulate this may be too high to actually do before deploying😆. Thinking it’s a good practice though so asked if you had figured it out

Is it even possible to simulate & share? I asked for this exact feature before submitting

It is 5000 bps and the new waterfall contract listed in the proposal

idk 
Knowing what object Object data is is helpful as from there at least code can may be read & ‘anticipated’