codex

Colosseum Codex: Solana Boston, Breakpoint Agenda, MetaDAO Report

Solana Boston, Breakpoint Agenda, The Finternet, Blockworks MetaDAO Report, Solana Foundation RFPs

Mike Hale

Sep 12, 2024 — 4 min read

🦞 Solana Boston

Solana Boston, the first-ever Solana city conference in the US, will take place on October 19, 2024, at the MIT Media Lab.

Hosted by Boston DAO and supported by the Solana Foundation, the event is a place for US-based developers to connect, learn, and grow together.

Happening just a month after Breakpoint, Solana Boston hopes to extend the momentum stateside.

Speaker applications are open now.

Solana Boston

📅 Breakpoint Agenda

The Breakpoint agenda has been announced with sessions across three key themes:

Left Curve:
This track focuses on culture and products, with a fireside chat between Raj Gokal and Balaji Srinivasan discussing the Solana Network State.

Highlights include updates on Firedancer, a debate on Crypto East vs. West, and product keynotes from ecosystem founders like FP Lee of Sanctum and Siong of Jupiter.

Right Curve:
A deep dive into tech, featuring sessions on sandwich-resistant AMMs, hands-on Solana Actions, blinks, and ZK compression. A major highlight will be Toly and Mert discussing Solana 2.0.

Ecosystem Activation:
Connect with the community at "The Pod," attend workshops, and level up Radar hackathon projects at the Colosseum Arena.

🗳️ Blockworks MetaDAO Report

This report from Blockworks explores how MetaDAO leverages futarchy to improve governance, its early results, and the potential this governance model holds for DAOs seeking to align decision-making with financial incentives.

The futarchy protocol proposed by MetaDAO addresses a flaw in DAO governance: misaligned incentives and inefficient decision-making.

By leveraging conditional markets, futarchy turns speculation into a tool that lets market participants "bet" on the outcome of proposals based on if they believe a decision will positively affect a token's market value.

Traders evaluate the impact of a decision based on data rather than pure opinion or ideology. The outcome could lead to more value-driven decisions for DAOs.

MetaDAO is pioneering this approach by directly applying it to its own governance, making it both a platform and a case study for futarchy-based decision-making.

However, this model is still in an experimental phase.

With just ~$675k in market volume and 15 proposals, the liquidity and participation levels remain modest. Without sufficient trading volume and participation, the markets may not produce reliable signals, which is key to the success of futarchy.

If successful, futarchy could not only improve DAO governance, but also attract wider adoption across Solana, particularly among organizations seeking more efficient decision-making processes.

MetaDAO: Market Incentives for Improved Decision-Making

🏦 The Finternet on Solana

The Finternet is an initiative to create a global network of tokenized assets such as stablecoins, stocks, and NFTs where users can transact with anyone worldwide.

To support this goal, Solana Foundation has announced a $1M grant program for developers, founders, and policy professionals contributing to building the Finternet on Solana.

Grants range from $1,000 to $10,000 and focus on areas like user applications, token management tools, authentication wallets, and the Unified Ledger infrastructure.

Solana Foundation Finternet Instagrants

💰 Solana Foundation RFPs

The Solana Foundation has announced two new RFPs aimed at driving the development of open source data tooling for the Solana blockchain, with up to $160,000 in available funding.

The Solana Indexer Tooling RFP offers $100,000 in funding to develop an open-source infrastructure solution for accessing real-time and historical data from Solana programs and accounts.

Deliverables include a tool for indexing real-time and historical updates for a set of accounts and programs using Anchor IDLs with features like account tracking, program listeners, transaction indexes, and integration with the Luzid local validator.

The Solana Discriminator Directory RFP provides $60,000 in funding to create an open-source discriminator database, which aims to enable developers to interact with unknown deployed programs and parse their instructions.

The goal is to build a comprehensive solution that simplifies how developers access and manage program discriminators on Solana, making it easier for them to work with programs whose details may not be fully known or accessible.

The proposed solution includes the development of an API that allows developers to fetch program discriminators and access a community-managed dataset. This dataset will allow users to upload discriminators making it available to others in a structured format.

Both RFPs are open for submissions until October 4, 2024.

Solana Foundation RFPs

⚡ Quick Hits

Solana Gets Physical With DePIN - Bankless

Blurt Developer Thinks Crypto Makes for Better Donations to Twitch Streamers - CoinDesk

IronForge adds improvements including a new Firewall product and System Status page - IronForge

Godot Solana SDK: Smart Contract Video Series - Zen Republic

The State of DePIN: The Growth and Evolution of Crypto's Next Big Use Case - MV Global

How to fetch parsed Solana transactions faster and in bulk - Shyft

Callisto now supports Solana Blinks inside Discord - @callisto_wallet

💸 Funding

DRiP has raised $8 million in a seed funding round led by NFX, Coinbase Ventures, and Progression Fund. The funding will accelerate the launch of DRiP's mobile app and tools to help creators engage directly with their audiences.

👩‍🔧 Get Hired

Chorus One is hiring a Software Engineer (Product)
Nous Research is hiring a Protocol Engineer
Neon EVM is hiring a Lead/Senior Engineer (Rust/C++)

🎧 Listen to This

Lightspeed

In this episode, Dan Smith from Blockworks Research discusses L2 MEV extraction, Blockworks Research’s Solana Dashboard, and Total Economic Value on Solana.

Additionally, this conversation covers how validators earn revenue from MEV, and supporting small validators, Sanctum's recent LST partnerships, and whether or not NFTs will ever make a comeback.

Unpacking Solana’s Total Economic Value | Dan Smith

Bonus Episodes

Io.Net: The Internet of GPUs - Brave New Coin

Tory Green is the co-founder & CEO at IO.net, the Internet of GPUs for large-scale AI startups. io.Net is a decentralized GPU network designed to unlock fair access to computing power by assembling 1M+ GPUs from independent data centers, crypto miners, and crypto projects such as Filecoin or Render.

How Crypto Fixes the Internet Monopoly | Neil Chatterjee, DAWN & Andrena - Empire

In this episode, Neil Chatterjee, the founder of DAWN, explains the current state of internet infrastructure, the hidden costs behind ISP pricing, the role of Solana in Dawn's ecosystem, and the broader vision for the future of DePIN projects.

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