# Era Cycle Report - Cycle 1 **URL:** \ **Category:** Foundation\ **Created:** [September 12, 2023, 5:03am UTC](https://forum.pokt.network/t/era-cycle-report-cycle-1/4728 "2023-09-12T05:03:29Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![b3n](https://forum.pokt.network/user_avatar/forum.pokt.network/b3n/32/1029_2.png) [@b3n](https://forum.pokt.network/u/b3n)\ **Post date:** [September 12, 2023, 5:03am UTC](https://forum.pokt.network/t/era-cycle-report-cycle-1/4728/1 "2023-09-12T05:03:30Z")
The [DAO Era](https://forum.pokt.network/t/the-dawn-of-the-new-era/4606) is broken in to two month cycles. We have included the Cycle report in Notion and include the link here: **[Cycle 1 Reporting](https://www.notion.so/poktdao/Cycle-1-July-August-2023-1d6f007f7ad24277b2e58b44222c62f1)** We want to make sure the following details and updates are captured here: # Updated Era Allocation - Cycle 2 The Era Allocation for community contributions is variable and recalculated each cycle. The updated calculations are below: - Minting Last 2 months: 19,984,765 - DAO Take (10% Minting): 1,998,476 - Era Allocation (80% DAO Take): 1,598,781 POKT There are **1,598,781 POKT** available for community contributions in Cycle 2 - September & October # Keystone Release Notes Below is a brief description of what was shipped against keystone projects in the last 2 months: - V1 Launch & Support - Hired and onboarded a [Head of Product](https://forum.pokt.network/t/protocol-team-personnel-update/4665) to oversee protocol development - Hired two [Senior Protocol Engineers](https://forum.pokt.network/t/protocol-team-personnel-update/4665) - Engaged community builders to support V0 maintenance and development, to free up core protocol devs to focus on V1 - Supported V1 research spike - V1 Economics R&D - [Project update on 5 September 2023](https://forum.pokt.network/t/v1-economics-and-governance-r-d-keystone/4712) - [Spreadsheet of all mechanisms](https://docs.google.com/spreadsheets/d/1H1BbKXoLM_oaYizH_cLajmHAmtHxgH9IMWPnQyK6aS8/edit#gid=1048943222) for protocol team, PNF, Blockscience and/or the community to lead on - Gatewayverse - Finalized standard gateway contract with lawyers, which will enable wider onboarding of gateways - Finalized contract with Nodies, including [specifications of what will be open-sourced](https://forum.pokt.network/t/into-the-gateway-verse-bootstrapping-a-multi-gateway-ecosystem/4532/14) - Preparation to free up app stakes to onboard Nodies and other gateways - PNI rebranded to put it on equal footing with other gateways - Marketing gearing up to support Nodies launch - Road to Revenue - [Integration with TokenTerminal](https://tokenterminal.com/terminal/projects/pocket-network) completed - [Messari Q2 report](https://messari.io/report/state-of-pocket-q2-2023) published - [Node operator survey](https://forum.pokt.network/t/node-operator-survey/4572/2) conducted and being analyzed - Pocket Network [crossed 4M POKT](https://twitter.com/POKTnetwork/status/1699131370617069865?s=20) in cumulative protocol revenue - DNA - [Launch Transparency POV](https://forum.pokt.network/t/transparency-pocket/4669) - [Transparency](https://www.notion.so/Transparency-dfa8d529889f442c904e1da62fd487ea?pvs=21) - PNF/DAO Roadmap - Incomplete (trying to link internal/external systems) - [Create Open Workspaces](https://www.notion.so/POKT-DAO-ERA-bfc625f43b6f4b77acb832bb6861dde1?pvs=21) - [All Public meetings recorded](https://www.youtube.com/@PocketNetwork) - Monthly PNF AMA - Coming soon - [Public feedback](https://www.notion.so/Retrospectives-7e4dd4bc712a4b34bbc3ca0169ddc01a?pvs=21) - Creds - Establish team, objectives and basic design - [Ecosystem wide feedback](https://forum.pokt.network/t/evolving-pocket-s-governance-system-introducing-3d-governance/4698/3) - [High level architecture](https://forum.pokt.network/t/evolving-pocket-s-governance-system-introducing-3d-governance/4698) - MVP requirements - Implementations partners aligned - Technical specification - this week - Sockets & POPs - [Metrics Dashboard POP](https://forum.pokt.network/t/allocated-priority-pocket-network-ecosystem-metrics-dashboard/4594) - [Wallet POP](https://forum.pokt.network/t/allocated-priority-new-wallet/4657) - [Open 3 Sockets](https://forum.pokt.network/c/build/sockets/109) - [Close 1 Socket](https://forum.pokt.network/c/build/sockets/109) - Set aside funds for 2 newly Open Priorities - Shown [here](https://docs.google.com/spreadsheets/d/1hyU0oZFW_ModOwUvI8SDjxnjWQQsOp8dejSDNei8gFE/edit#gid=534132661) - wPOKT - [All technical development finished](https://forum.pokt.network/t/stairway-to-ethereum-the-upcoming-launch-of-wpokt/4527) - [DAO-sponsored Uniswap liquidity proposal passed](https://forum.pokt.network/t/pep-63-figuring-out-liquidity-yields-for-wpokt-fly-wpokt-fly/4673) - [Uniswap liquidity projections](https://docs.google.com/spreadsheets/d/1rYnm7YBuj_b3Q9Ze8dAK-A6u6R149aadZEaYiyw9g5o/edit#gid=2001861994) - Main bridge app to launch on Wednesday 20 September - Uniswap liquidity pool to launch on Monday 25 September - DAO-sponsored incentives to commence on Thursday 28 September - Tier1 Listing - started conversations with the main target tier 1 exchanges - asked to come back after wPOKT to recommence conversations with more volume to show # Era budget and expenses - [Era Budget General Ledger](https://docs.google.com/spreadsheets/d/1hyU0oZFW_ModOwUvI8SDjxnjWQQsOp8dejSDNei8gFE/edit#gid=1249464064) - [Era Budget Expenses](https://docs.google.com/spreadsheets/d/1hyU0oZFW_ModOwUvI8SDjxnjWQQsOp8dejSDNei8gFE/edit#gid=476904188) - [Era Allocation Expenses & Commitments](https://docs.google.com/spreadsheets/d/1hyU0oZFW_ModOwUvI8SDjxnjWQQsOp8dejSDNei8gFE/edit#gid=534132661) We will return **88,111 POKT** from the Era Allocation to the DAO # Retrospectives The first two retrospectives were completed (1 Sockets Contributors, 1 Open Community Call). Our goal for Cycle 2 is to run 4 Retros. Outputs from retros here: [Retrospectives](https://www.notion.so/Retrospectives-7e4dd4bc712a4b34bbc3ca0169ddc01a?pvs=21) The following are action items coming out of the retros and will be delivered in Cycle 2: | Issue | Action | | --- | --- | | Sockets mechanism + opportunities aren’t widespread | Improved materials and highlight sockets more so people see the opportunity + contribute | | Contributors want more opportunities for collaboration + feedback | Updated call cadences; bi-monthly v0 tech calls facilitated by Matteo | | Need for better communication and regular updates | Updated communication cadence; Zak to share an updated comms schedule | | More insight into protocol development | Updated communication cadence; Matteo & Zak to work on a dev-log like update | | Consolidation of channels for comms, better signal to noise for all parties | Audit on software, channels + discussion around consolidation coming from Zak + PNF |