Dear all 
Stacks community,
We would like to formally announce the activation of
Economics Consideration Advisory Board (CAB)
-
This advisory board will support the robustness of Stacks Improvement Proposal (SIP) process by reviewing all relevant SIPs coming through.
-
The activation of this CAB will pave the way for greater involvement of the Stacks community’s voices and expertise, increasing the decentralization of decision-making of Stacks blockchain. You can read more about the SIP process in SIP-000: sips/sip-000-stacks-improvement-proposal-process.md at main · stacksgov/sips · GitHub
-
All details about this CAB will be logged officially on Github under stacksgov / sips
Link: sips/considerations at main · stacksgov/sips · GitHub
----------------—--------------------------—-----------------------
Chairperson: MattySTX
Members:
Chiente Hsu https://twitter.com/rulebasedinvest?s=21&t=XVT3kdhFnbqOU2lcGuI-_w
MattySTX https://twitter.com/mattystx?s=21&t=XVT3kdhFnbqOU2lcGuI-_w
Xan Ditkoff https://twitter.com/xanditkoff?s=21&t=XVT3kdhFnbqOU2lcGuI-_w
Discussions-to: GitHub - stacksgov/sips: Community-submitted Stacks Improvement Proposals (SIPs)
Created-by: SIP-000
Members Bio
----------------—--------------------------—-----------------------
Dr, Chiente Hsu
Dr, Chiente Hsu is CEO and co-founder of ALEX, the flagship DeFi on Bitcoin via Stack.
Dr. Hsu joins ALEX from Morgan Stanley and Credit Suisse, where she was a Managing Director and Global Head of Quant Research. She is also the author of ‘Rule Based Investing”, published by FT Press.
Dr. Hsu spent her early career in academia. She was a tenure-track professor at the University of Vienna, Austria, and a visiting professor at Duke University, where she taught and conducted research in Financial Econometrics.
MattySTX (Chairperson)
Matty has more than a decade of experience designing, simulating, and optimizing economic models for hedge funds and VC funded machine learning startups. He has been in crypto since 2015, and Stacks since 2017. In the Stacks ecosystem, his simulation analysis of Stacks’ economic model has helped evaluate PoX consensus mechanism improvements, he authored the first ever community contributed governance proposal for Arkadiko’s tokenomics, he publishes the quarterly ‘STX Mining Report’, and he mentors teams at the Stacks incubator.
Xan Ditkoff
Xan became part of the Stack’s ecosystem in 2017 as an early core team member focused on growing the developer ecosystem. He now runs Daemon Technologies, a Hong Kong based company focused on community growth, project funding, and partnerships for Stack’s technology primarily in Asia.
About
----------------—--------------------------—-----------------------
The SIP concerns the blockchain’s token economics. This not only includes the STX token, but also any on-chain tokens created within smart contracts. SIPs that are concerned with fundraising methods, grants, bounties, and so on also belong in this SIP track.
Considerations
----------------—--------------------------—-----------------------
The following items would be considered in-scope for this CAB:
- Changes to the tokenomics of Stacks or the STX token itself
- Changes to Stacks’ consensus mechanism - particularly with regard to the impact on miners and stackers
- The economic impacts, and risks of economic impacts, that changes to the Stacks protocol would have on any and all parties in the Stacks ecosystem
- The economic soundness and viability of proposed standards for fungible or non-fungible tokens issued on STX
- Changes that put the existing economy on the Stacks chain at risk, or which may grow/shrink Stacks’ overall economic utility and activity
- Any economic impact or risk to native Bitcoin due to Stacks’ activity
The following items would be considered out-of-scope for this CAB:
- The security of the Stacks network itself, beyond the economic risks and impacts of its ongoing security
- The particular tokenomics of any given project launching on Stacks
- The technical or implementation-level aspects of changes to the tokenomics of Stacks, the STX token itself, or Stack’s consensus mechanism (though any relative economic differences in technical approaches would be in-scope for this CAB)
- Improvements to the speed, performance, up-time, or other functioning of the Stacks network itself, other than any economic impacts or risks created by these changes
Questions to facilitate SIP review:
- Which parties are expected to be economically impacted, or at-risk of being economically impacted, by this SIP (ex. miners, stackers, STX holders, STX users, founders/builders, etc)?
- What are the expected economic impacts to each of these parties?
- What are the economic and non-economic risks to each of these parties?
- Do the expected economic benefits outweigh the economic and non-economic risks for each of these parties?
- If one party would economically benefit at the expense of another party (for example increase profit to miners at cost of reducing yield to stackers), what is the expected overall economic net-impact to Stacks and the Stacks ecosystem?
*Above considerations subject to changes and iterations from ongoing lessons learned
Bylaws
----------------—--------------------------—-----------------------
We choose to adopt the bylaws Steering Committee member @jude set out in this doc: CAB Bylaws · GitHub
----------------—--------------------------—-----------------------
This is just the beginning. As we implement this CAB into the SIP process we will find out first hand what works what doesn’t work, and will use the feedback and lesson learned to improve the process and involvement along the way.
We look forward to give back to the Stacks community. Thanks for reading!
Bitcoin
If this CAB interests you and you wish to join the effort, please reach out to @jennymith and @HeroGamer or Steering Committee members @jude and @Gina