API3 DAO Core Technical Team Development Report, May 2021
We’re at the end of the first month of our third cycle. This month has been a particularly productive one regarding DAO development, which has also interrupted the DAO & Staking series (1, 2, 3). Although I’m planning to finish the series to serve as a definitive reference for the motivation of the authoritative DAO implementation details, this may end up happening after the authoritative DAO launch.
In the previous month’s report, I had mentioned that replacing the Serverless Framework dependency at the Airnode deployer in favor of Terraform could have been feasible. This will allow us to port Airnode to other cloud providers and extend it with additional cloud infrastructure (or provide it as a module to be added to existing infrastructure) a lot more easily. I’m glad to say that this is already achieved this month, which is quite a significant improvement.
The work on dAPI contracts mentioned in the previous month’s report was continued. Considering that dAPIs are a fairly isolated vertical in terms of implementation and operation, a dAPI team separate from the core technical team is being considered. Including having a separate DAO development team and the integration work being undertaken by the business development team members, this allows the core technical team to focus more of its efforts on Airnode, which should improve our efficiency.
The core technical team had to be very involved with DAO development this month, and I’m planning to post a report about the entire development process once we’re done. We had been conducting an additional audit with Team Omega (an auditing team composed of senior DAOstack developers) while waiting on the initial Quantstamp report, which allowed us to use this time efficiently. The audits from Solidified, Quantstamp and Team Omega ended up providing a broad coverage from different perspectives, and will result in a much more secure product.
We received the initial audit report from Quantstamp on May 21st, and the revisions were sent back on May 30th. While waiting for the final report Quantstamp, we will be preparing the revisions for the Team Omega audit. In parallel to this, we are finishing up on the implementation of the front-end and applying the audit-related updates. Overall, strong core technical team engagement resulted in the DAO development speed picking up significantly. This came at the price of slowing down the development of the core solutions, yet this is only temporary and the authoritative DAO is deemed important enough to warrant this.
