BSLDAO/BankSocial Delegate Meeting 11/25/2025 Attendees: Kranthi Kalagara, Michael Allen, Joe Weinzetl, Sara Khadar, Nathaniel Odell, Anthony Striano, Darlene Hilton
Meeting Logistics and Transition John Wingate initiated the meeting with the goal of transitioning the operation of the DAO from Nathaniel O’Dell and Anthony Striano to an operational focus under Becky Reed and Darlene Hilton, treating the DAO more like a client. John Wingate suggested establishing a more formal meeting structure, including cadence and prepared agendas, to avoid “flailing about” in meetings, and proposed getting back to a structured agenda format that they had moved away from. Anthony Striano confirmed they found the document Michael Allen put together for the call in Telegram and was able to share it
Clarification of DAO Operational Change John clarified that the operational change for the DAO working with Bank Social involves changing who the delegates work with and how Bank Social internally treats the DAO, moving from a side project managed by Anthony Striano, Nathaniel O’Dell, and themself to treating the DAO like a business client, similar to a credit union. This new approach aims to provide the DAO with the same level of support and offers new incentives, such as revenue sharing, like the 50 basis points credit unions receive from the exchange. This initiative makes the service agreement more explainable and allows Bank Social to support the DAO within the company’s existing framework.
Revisiting the Services Agreement and Revenue Sharing Kranthi Kalagara asked about the status of the PSA, and John Wingate confirmed that there should be a re-evaluation of the services agreement due to the potential for a new revenue share back from the exchange. This revenue share could potentially reach 50–60 basis points, and John Wingate realized the DAO should be treated as a valid business, an LLC, to structure the relationship effectively. John Wingate also indicated that Darlene Hilton and Becky are working on the next revision of the PSA, including legal considerations, and they will manage communications about the pipeline and upcoming releases, like the Solana launch.
DAO Communication Strategy Kranthi Kalagara asked if the shift to treating the DAO as a partner entity would necessitate the DAO having its own Twitter account or managing its own communications. John Wingate suggested that the focus should be on aligning more closely on communications to prevent the community from hearing about things, like product releases, at the last second, rather than creating separate channels. Kranthi Kalagara acknowledged that creating separate social media accounts for the DAO is a function of maturity and is not a priority right now.
DAO Voting Site and SLP Contribution Update John Wingate announced that the DAO voting site was upgraded to allow voting with both staked BSL and regular BSL. John Wingate also addressed an SLP contribution math error in a smart contract, which causes issues for transactions over 90 million BSL, requiring people to perform two transactions to unstake the full amount, a solution impacting only a few people. John Wingate confirmed that multisig development is moving forward, with Kevin and themself working on a tool with Michael Allen.
DAO Portal Demonstration and Future Plans John Wingate demonstrated the new DAO portal app, noting that it pulls real data, including temp checks and proposals, and is far along in development. The current voting system will be replaced by a new one integrated into this dashboard, with the potential for SSO between the wallet and governance site .John Wingate stated that the new portal is near launch, needing only the Connect Wallet feature and SLP staking rewards estimations to be finalized, with deployment anticipated to the delegates by the weekend.
SLP Projections and Rollout Strategy Kranthi Kalagara raised a concern about releasing SLP or revenue projections too soon due to potential negative community reaction, given current revenue levels. John Wingate agreed that they do not need to rush the public announcement but must start internally gathering those numbers to understand the potential earnings for the DAO as a business. They decided on a limited release of the DAO portal to the delegates first to play with for a week or 10 days before any broader community release.
Operationalizing Meeting Notes and Access Permissions The team discussed the crucial need to post meeting notes, which has been an operational challenge. Kranthi Kalagara suggested that once the notes are cleaned up and reviewed by delegates, the delegates could post them if they have clear access to the governance side. John Wingate addressed the access issue and granted Michael Allen, Kranthi Kalagara, and Joe Weinzetl higher trust levels and moderator permissions on the governance site to ensure the posting process is not bottlenecked.
Liquidity Transfer Vote Status and Multisig Importance Michael Allen raised concern that the current liquidity transfer vote has failed due to insufficient votes, and no further liquidity transfer can occur until it is approved. Michael Allen also emphasized the importance of the multisig functionality for utilizing a portion of the Hedera Hbar SLP. John Wingate confirmed that the fix allowing voting with staked BSL is functional, but due to the downtime, the vote likely will not pass today, requiring a repost .
Communication Channel Preference John Wingate proposed moving from Telegram to a Slack channel for ongoing communication with the DAO delegates to align with Bank Social’s internal workflow and reduce friction for Darlene Hilton as she steps into the lead role. Kranthi Kalagara supported the move to Slack, agreeing it is more meaningful and better for context than Telegram.