In January 2019, Stefano Bernardi joined the Association to fulfill the Executive Director role. Since AGP-11 was approved during ANV-1, the Aragon Association has been focusing on executing its institutional mandate and corresponding deliverables.
In regard to the above the first months of the year have mostly been spent setting up the operational infrastructure for the Aragon Association, as well as facilitating coordination between Flock teams and, most importantly, prompt execution of the AGP votes.
In this report, we - the Aragon Association team - will share what we have accomplished so far and what we have planned for H2 2019.
Set-up of the Association
Contracts creation for Flock teams, Nest grants, service providers, etc.
Contracts for employees and contractors
More work on fully decentralizing Aragon governance
Hired first contractor: Louis Giraux
Set up accounting infrastructure
Execution of all AGP payments and contracts
Participated in Edgeware Lockdrop per AGP-35; locked 20,000 ETH for 3 months and signaled with the full Association multisig ETH balance.
Assessment of current treasury allocation and risk exposure
Definition of a target balanced allocation for the treasury
Set-up of infrastructure to be able to operate on markets
Sold ~20,000 ETH for operational, Nest, Flock, and diversification needs at prices between 165 DAI and 265 DAI