Eco Association Update: March 2024

Welcome to the Eco Association’s monthly newsletter. We cover developments in the Eco currency protocol and the broader community.

Let’s get to it.

Beam @ ETHDenver: Part 2

As mentioned in last month’s update, along with the Beam team, the Eco Association attended ETHDenver, one of the world’s foremost annual crypto events, which ran from Feb 29-Mar 3.

The purpose of our attending was primarily to join the Beam team in helping promote the wallet — and it was a great success.

This month, we’d like to showcase some of the content coming out of the event:

Check out this video of Nowhere Coffee, a local coffee shop on the Beam Block, featuring the owner talking about their experience accepting onchain payments via Beam throughout the conference:

And this wrap-up video for a glimpse into the conference itself:

Onchain payments in the wild were a great success. 💪

Eco x Krause House: Frame Madness

The Eco Community has been experimenting with Farcaster’s recently-launched Frames standard — a way to turn any cast into an interactive application — and, this month, the Community deployed the first-ever in-frame March Madness bracket, in partnership with Krause House DAO.

Frame Madness is live on the Farcaster protocol via Warpcast — check it out here.

Entrants were prompted to select which team they thought would win each of the 67 games — with all 67 selections done natively within a Warpcast frame! — and the three players with the highest scores at the end of the tournament will be crowned the winners.

Here’s the leaderboard as of today — the winners will be crowned after the final game on Monday, April 8th.

Once the tournament ends, winners will be paid out via the Beam Wallet and will receive onchain proof of their victories as Base NFTs. 🏆

Good luck to everyone playing!

Community Governance ⚖️

Eco Community Governance runs in two-week cycles called “generations”. This section summarizes any governance proposals enacted in recent generations. 

Generations 1036 and 1037 passed without any governance proposals.

Monetary Policy Governance 🧮

As described in the Monetary Policy section of the Eco whitepaper, Eco Trustees vote to enact a policy every two weeks (i.e., each “generation”).

The monetary policy levers currently available to the Trustees are:

1. Linear supply change (also known as “rebase”)

2. Random inflation

3. Interest rate lockups

In Generations 1036 and 1037, the winning proposal was the “default proposal”, which means there was no change in supply and no interest rate lockup enacted.

Subscribe to our Telegram channel to get updates when new policies are enacted.

Happenings & Shoutouts 

🛠️ Ethereum’s Dencun upgrade went live, resulting in lower fees for Ethereum Layer 2 users — which, of course, includes Beam users 🙌

📅 Community member @0xMawuko ran an Ethereum community event in NYC featuring Beam & Eco — celebrating Ethereum’s Dencun upgrade in partnership with Superscrypt, EthSign, and Base.

Look out for more community events to come! 👀

💀 Beam Payments powered esports org BLVKVHND’s House of HVND mixer in NYC — thanks to the BLVKHVND team for making this happen 🙌

🔠 And finally, in even more Farcaster Frames experimentation, Beamdle went live. Play it on Warpcast.

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This email is for informational purposes only and all token-related updates are compiled from publicly-available sources (as described below). It should not be construed or relied upon as financial advice and it is not an offer or recommendation to buy or sell any asset or enter into any transaction.  The development and operation of the Eco network is decentralized, so any protocol upgrades discussed above that have not yet been implemented remain subject to community governance approval.  Nothing in this email is confidential and all material information contained herein is publicly available to members of the Eco community through its Discord, community update calls, independent third party websites, on-chain transaction records, and other open channels.