# Era Cycle Report - Cycle 2
**URL:** https://forum.pokt.network/t/era-cycle-report-cycle-2/4828
**Category:** Foundation
**Created:** [November 21, 2023, 7:48am UTC](https://forum.pokt.network/t/era-cycle-report-cycle-2/4828 "2023-11-21T07:48:23Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@b3n](https://forum.pokt.network/u/b3n)
#### Post date: [November 21, 2023, 7:48am UTC](https://forum.pokt.network/t/era-cycle-report-cycle-2/4828/1 "2023-11-21T07:48:23Z")
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 2 Report](https://www.notion.so/Cycle-2-September-October-2023-542643567b3540f9b084df96d890f6bb?pvs=21)
The key items for your attention are:
# Updated Era Allocation - Cycle 2
The Era Allocation for Cycle 3 (Nov/Dec) is as follows:
- Minting Last 2 months: 13,457,915
- DAO Take (10% Minting): 1,345,791
- Era Allocation (80% DAO Take): 1,076,633 POKT
**There are 1,076,633 POKT available for community contributions in Cycle 3 - Nov/Dec**
# Keystone Release Notes
Below is a brief description of what was shipped against keystone projects in the last 2 months:
- Shannon (fka v1) Launch & Support
- Finished the protocol research spike, selecting Celestia & Rollkit as the new modular stack for the Shannon release ([strategic overview](https://www.pokt.network/a-sovereign-rollup-and-a-modular-future/), [technical deep dive](https://www.pokt.network/why-pokt-network-is-rolling-with-rollkit-a-technical-deep-dive/))
- Coordinating the Shannon development [roadmap](https://github.com/orgs/pokt-network/projects/144/views/4)
- Building [user stories](https://github.com/pokt-network/poktroll/issues/26) for Shannon to help devs with E2E user testing
- Researching [sequencer deployment options](https://github.com/pokt-network/poktroll/issues/32) for Shannon
- Continued decentralization of Morse (fka v0) maintenance to the community, with the introduction of regular Morse Builder Calls
- Shannon (fka v1) Economics R&D
- [V1 Economics and Governance R&D Keystone](https://forum.pokt.network/t/v1-economics-and-governance-r-d-keystone/4712)
- [Mathematical specification of BSCI’s model made public](https://github.com/BlockScience/PocketMathSpec)
- [Scenario design phase](https://drive.google.com/file/d/1SpkEnDSljTuQbuUq0Awo87Nlcjzg4Jrf/view?usp=share_link) of R&D is now starting
- Gatewayverse
- Finalized app stake logistics for secure distribution of app stakes to new gateways
- Granted Nodies app stakes so they can officially start [sending relays through the network](https://www.pokt.network/one-small-step-for-nodies-one-giant-leap-for-pokt-network/)
- Nodies completed vertical integration with Pocket Network (open-source stack to come in Cycle 3)
- Coordinated with Nodies to prepare [public endpoints](https://docs.pokt.network/use/public-rpc/) to replace Grove’s public endpoints
- Scoped out [app transfer feature](https://github.com/pokt-network/pocket-core/pull/1585) with C0D3R to enable secure rotation of app stake keys for new gateways
- Road to Revenue
- Node operator survey results analyzed and [published](https://forum.pokt.network/t/node-operator-survey/4572/4)
- Pocket Network crossed 5.6M POKT in cumulative protocol revenue
- Trusted Brand
- Supported the launch of wPOKT on social media
- Secured [11 unique pieces](https://docs.google.com/spreadsheets/d/1r6GFkuS_EI2nhqelMDo2No7GJbVsjB6X9BGlRUg7O3U/edit?usp=sharing) of media coverage
- Our Africa hub executed a side event around [Web3Bridge in Lagos](https://www.notion.so/b06079e5339a4ba496d94ce304f6df24?pvs=21)
- Supported a community event with our hub in Korea around Korea Blockchain week
- Kicked off audience research and brand strategy definition
- Creds
- Introduced [3D Governance](https://forum.pokt.network/t/pgov1-evolving-pocket-s-governance-introducing-3d-governance/4698) & [Modular Implementation](https://forum.pokt.network/t/pgov2-modular-governance-implementation/4779)
- [Technical Spec - Personhood](https://forum.pokt.network/t/pgov3-personhood-specification/4781) with Gitcoin Passport
- [Technical Spec - Citizenship](https://forum.pokt.network/t/pgov4-citizenship-specification/4804/5)
- 2 Blog Posts on [Personhood](https://www.pokt.network/the-personhood-module-in-pokt-dao/) and [Citizenship,](https://www.pokt.network/permissionless-does-not-equal-unrestricted-citizenship-and-the-boundaries-of-entry/) plus 1 [Twitter Space](https://twitter.com/i/spaces/1vOxwjbBYdDJB?s=20)
- Integration of POKT Wallet commenced
- Sockets & POPs
- [Website and Design POP](https://forum.pokt.network/t/allocated-priority-website-rebuild/4711/26) awarded and commenced
- New Wallet POP completed
- Metrics Dashboard POP in final stages
- Opened 4 new Sockets
- Closed 3 Sockets - 1 move to core contributor, 1 change in protocol, 1 paused for further Econ work
- wPOKT
- [wPOKT and Uniswap LP docs](https://docs.pokt.network/pokt/wpokt/) made available
- [POKT \<\> Ethereum Bridge launched](https://wpokt.network/)
- [Uniswap wPOKT/ETH pool launched](https://v2.info.uniswap.org/pair/0xa7fd8ff8f4cada298286d3006ee8f9c11e2ff84e)
- [Uniswap LP staking front-end launched and incentives started](https://stake.wpokt.network/)
- Tier1 Listing
- On hold until November
# Era budget and expenses
- [Era Budget General Ledger](https://docs.google.com/spreadsheets/d/1koPxwSaEa1XFcBQ_6KVSGeQEnkVScbJKH3VbWSqKG-U/edit#gid=1249464064)
- [Era Budget Expenses](https://docs.google.com/spreadsheets/d/1koPxwSaEa1XFcBQ_6KVSGeQEnkVScbJKH3VbWSqKG-U/edit#gid=476904188)
- [Era Allocation Expenses & Commitments](https://docs.google.com/spreadsheets/d/1koPxwSaEa1XFcBQ_6KVSGeQEnkVScbJKH3VbWSqKG-U/edit#gid=332017609)
PNF will soon provide a larger update on the Era and our pursuit of the _Ambitions_ for the coming 6 months.
---
### Author:  [@shane](https://forum.pokt.network/u/shane)
#### Post date: [December 7, 2023, 4:18am UTC](https://forum.pokt.network/t/era-cycle-report-cycle-2/4828/2 "2023-12-07T04:18:41Z")
@b3n as a point of clarification, are there any items in the ERA budget where a set amount of POKT was put on a vested schedule, that hasn’t been changed since the price increases?
I’m thinking of items that are based on POKT or a USD evaluation but have multiple POKT payments. Is the POKT designated at the beginning and vested at the price of POKT at the start, or is each payment derived based on the recent market price?
The later would mean that in these later months less POKT is being spent for USD based items. Is that correct?
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### Author:  [@b3n](https://forum.pokt.network/u/b3n)
#### Post date: [December 7, 2023, 4:57am UTC](https://forum.pokt.network/t/era-cycle-report-cycle-2/4828/3 "2023-12-07T04:57:56Z")
> [@shane](#):
>
> are there any items in the ERA budget where a set amount of POKT was put on a vested schedule, that hasn’t been changed since the price increases?
No.
All items in the Keystone budget are denominated in USD and paid in stables. We have sold POKT OTC only as needed to meet commitments, which has retained a good amount of the original POKT denominated Era budget.
For the Era allocation, all items are paid in POKT based on prevailing price at time they are incurred.. so payments use the most recent 30day avg price at all times. The exception is @danielo and Togethercrew who denominated their submission to create the dashboard in POKT and thus got to benefit from the upside.