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