SecretSwap Committee Agendas & Meeting Notes Thread

Notes from SecretSwap Committee Meeting - 06/03/2021

Reviewed Charter, rearranged priorities as listed for clarity & to compensate for overlap
Review of current activity:
SecretSwap docs created (, Still seeking Twitter access, Reddit DEX guide being worked on, Recent release of CSHBK
Received feedback: Impermanent loss needs better explanation & graphics in documentation
More in depth rate explanation on CSHBK needed and already in the works for UI per discussions with Web
Education needs a CSHBK video guide
SEFI governance coming JUNE!
UX/UI Ticket being added to get APR back on the UI, provide a clearer picture
Committee will not be seeking a discretionary budget until after SEFI gov is in place
Meeting moved to Discord & will be recorded going forward


Agenda for SecretSwap Committee Meeting - 06/26/2021

  • Meeting moved to Discord, discuss best targets for ad-hoc sessions
  • Working group formed & CoinGecko Market Cap fixed
  • CMC being worked with to get SecretSwap added & SEFI updated, more rigorous process requires more time and hoops to jump through, much more technical
  • SecretSwap docs updated
    Adjusted for addition of BSC Bridge
    Updated SEFI distribution parameters to match current schedule
  • UX/UI APR/APY display change in line with Mirror Protocol still in process but being added/fixed
  • Discuss landing page & background graphic
  • Support Issues - Collect pain points, discuss potential improvements
    sETH/sETH (BSC) pool issues being worked on by devs
  • Discuss ideas for additional social media strategies
  • Open Floor
  • End of Line

Notes for SecretSwap Committee Meeting - 06/26/2021

  • Meeting in Discord seems to have impacted attendance, will monitor

  • Landing page, and background graphic needs improvement, add gold to branding? discuss with Design

  • No new docs requests or issues reported in meeting

  • UX/UI APR change is taking quite a while, advised GitHub issue open & will check on this with web

  • Need for support ticket system discussed

Agenda for SecretSwap Committee Meeting - 7/3/2021

Quick update:

  • UX/UI APR implementation still in progress
  • Ticket system in the works for Support Issues
  • No changes to docs this week, ideas for improvement?
  • Working with Guy/Enigma to improve lines of communication, setting up regularly scheduled bi-weekly call

Main topic:
Brainstorming session, ideas to drive SecretSwap engagement?
Event Ideas: Pool parties, bridge parties, giveaways?
Discuss ways we as a community can make progress/releases more interactive with the public (Osmosis is a great example of how effective this can be)
Open Floor
End of Line

JULY? Just curious if a formal target was recently discussed.

It’s my understanding that initially they were shooting for end of June but a few technical hang ups have caused a small delay. Last I heard, they’re still working on getting it out ASAP, haven’t gotten a firm date yet beyond very soon.

1 Like

Notes from SecretSwap Committee Meeting - 7/06/2021

  • Progress of APR/APY change needs to be reviewed, still waiting
  • No changes to docs this week, no suggestions for improvement
  • Events and better coordinated releases necessary
  • CSHBK possibly causing downward pressure on SEFI price from arbitrage & possible exploitation? Investigate with Analytics
1 Like

Agenda for SecretSwap Committee Meeting - 7/10/2021

Short meeting this week*

UX/UI APR implementation still in progress
Ticket system set up in Discord for Support Issues (shout out to Mr. Garbanzo!)
No changes to docs this week, ideas for improvement?
Bi-weekly call scheduled with Guy/Enigma, beginning next week
Spoke with Analytics & Gmail is going to pull data to investigate $CSHBK questions from last week

Main topic:
SecretSwap branding inconsistencies:
The TWO Logos in Use
Evolution of the brand needed
Share concept, Design bounty possible in lieu of discretionary budget
Design proposal on chain
Open Floor
End of Line

Hey Iowa,

What’s the latest on SEFI Governance?

It’s my understanding that the developers are just working out some of the final kinks and getting things polished up and squared away. Should be launching in the next couple weeks or so. A firm date should be coming shortly. :grin:


Notes from SecretSwap Committee Meeting - 7/17/2021

Received Feedback on Linktree:
Add Block Explorer link
Add link to Earn
Gmail still acquiring data for $CSHBK questions about sell pressure
SEFI Gov launching in 2 weeks or less
Runbook will need all hands on deck for launch
Elie advised willing to help
Youtube, Instagram, & LBRY discussed as areas to spread video content to, need more original content
SecretCode Podcast interview & SecretSwap feature for episode 1! Check it out!
Looking for a designer with video editing experience interested in SecretSwap/SEFI
Ramping up Twitter presence prior to gov launch, hit it hard!

Troubleshooting issues:
BSC bridge experiencing stuck txs, devs aware of issue and working to fix
Still waiting on UX/UI team to update SEFI coin to uniform on Earn page, add APR hovertext breakdown
Spoke with them, Governance is first priority

1 Like

Agenda for SecretSwap Committee Meeting - 7/24/2021

Review outstanding issues:
UX/UI APR/APY hovertext breakdown
SEFI coin uniformity on Earn page
Digit box deselection bug brought to attention this week
Discuss any new troubleshooting issues

Governance launch in 3 days! July 27th, 2021!
-Runbook will need help!
-Coordinated meeting with Enigma & Edu, Darren working on infographic to break down privacy under the hood
-Keep killing Twitter! Key points:

  • The world’s first private voting application on a blockchain.
  • Empowering the community behind Secret DeFi via governance
  • Laying the foundation for the next phase of growth for SecretSwap / SEFI

Strategies for improving visibility
Strategies for improving liquidity posted on forum, discuss
Discuss stablecoin liquidity issues and potential solutions
Discuss thoughts on Enimga’s first proposal
Open Floor
End of Line

SecretSwap Committee Meeting Notes - 7/24/2021

SecretSwap homepage/landing landing page update suggestion:
learn more lp
Add a learn more button here that links to documentation/video tutorial for liquidity providing to make learning about the process simple and direct for new users
Follow up for analytics: how quickly are people leaving the landing page? optimizing for attention
Discussed potentially adding a home button next to the SecretSwap logo, people aren’t aware that the logo is a button
Reviewed SecretSwap reddit - needs growth
Would be nice to have links on the SN reddit that link to other SN subreddits
Governance Launch on 27th, discussed runbook/launch day action - coordinate through Awareness
Discussed first proposal posted on forums, general support - no objections

Agenda for SecretSwap Committee Meeting - 7/31/2021

No additional updates on outstanding UI issues/improvements. No Website Committee this week, no update from UX/UI team.
-Adding APR back to UI via hovertext or similar display
-Adding Learn more prompt to landing page under liquidity
-Digit box deselection bug
-SEFI coin uniformity, new pool shows uniform logo - old pool still using non-uniform logo
-Digit box deselection bug

Still looking for a designer with video editing experience interested in SecretSwap/SEFI

Troubleshooting Issues:
Had a flood of tickets & support requests this week, new SEFI pool had issue with gas req.
Advised issue should be resolved now
Rounding error is a high priority at the moment, if txs not going through, try to remove decimals and resubmit
Any additional issues encountered?

Things for this week:
Adding Governance info to
Adding pair weight info to docs
Collate a list of ideas proposed on the forum with links for tracking purposes - pin to SEFI Gov channel & update so people are aware of outstanding discussions & not opening repeat posts

7 SEFI Governance Proposals up for voting:

#1: Executive committee for SEFI Governance
#2: Create incentiviezed SEFI-ETH LP pairs
#3: Lower Cashback to 0.5% on all eligible pairs
#4: Create a SEFI - USDT Incentivized Pool
#5: create pairs between stablecoins
#6: Create SEFI to Stable Coin Pairs (Not USDT and Not Stable to Stable)
#7: Add secret comments to governance proposals


Open Floor

End of Line.

SecretSwap Committee Meeting Notes - 7/31/2021

No new bugs, glitches, or issues reported

No new nominations for community Executive seats

Lengthy discussion around proposal #7, a Database of some kind is needed to create a comment section from a technical standpoint
It can be done the way we make proposals, text is publicly available stored in the state on chain, text included is on chain - New Secret Contract or modifying existing
Off chain comments - privacy questions, user accounts or 4chan style, but it would still require a database
IPFS - No database, but similar demands of difficulty.

Many proposals made are lacking necessary detail
General discussion around a need for standardization of proposals, template needs to be added, either as an educational material or as part of the proposal interface - will discuss with Enigma & work up a solution

Reviewed remainder of proposals, no additional feedback

Breakout Discussion:
Are bridges SEFI?
They are clearly labeled Secret Finance, they are financial components moreso than infrastructure
Bridges collect fees - operators get fees not governed by SEFI governance, not transparent. Should this be governable?
2 conversations - Should the bridges be governed by SEFI?
Should new bridges be governed by SEFI governance?
Trustless bridge could be a solution - not trivial to implement

Voted to move main committee meeting to Wednesdays after Governance & retain slot on weekends for open office hours - vote passed unanimously

The main SecretSwap Committee Meeting will hereby be held on Wednesdays from 4pm-5pm UTC - immediately following the Governance Committee meeting


SecretSwap Meeting Notes - 08/04/2021

No new bugs reported
No new UI issues/requests
Need for a new forum section for SEFI Proposals - Iowa will pursue
Need for a template for proposals
What pieces of information should be included in every proposal?
-What you’re suggesting
-What this intends to achieve (results)
-Forum proposal discussion link

Other possibilities for QA:
Length requirements for submission?
Raise minimum brought up, not preferable
Slash if failed?

Key things to keep in mind:
-Important not to discourage governance participants!
-Executive committee could determine actionable course or make a renewed proposal

Executive Committee passed, immediate priorities:

  1. Redistributing reward pools (adding new pools, reducing current ones) - requires more discussion, shared current weight table which is in the process of being added to additional documentation
  2. Reducing Cashback according to proposal #3 - high priority, timeline unknown
  3. Cross-chain promotions with other DEXs discussed
    Dinoswap? SimpleSwap? Other privacy DEXs like BSCs PrivacySwap? Farming protocols! (need reputable partners)

Community seats, Eric & Iowa - no objections, unanimous support

Agenda for the SecretSwap Committee Meeting - 08/25/2021

Template for Governance proposals added to forums - open for discussion & improvement, can be found here:

Docs updated & continuing to be updated
-Added tutorials section
-Pool weights being added
-Few small changes from the XMR bridge launch
-Governance section (currently hyperlinks to the Governance tutorial by Darren as a placeholder)

Ongoing Issues Being Tracked/Fixed:
Rounding error
Keplr issues with viewing keys around LP pools reported, pop up blockers causing issues - not solving for some
Adding pairs through UI receiving error “NaN - invalid syntax” - devs notified and working on
Beware of TG/Discord scammers!

Shout out to Crypto Joe! Great work identifying & coordinating to mobilize on Twitter objective!

Good TVL for new pools added!

Items discussed/accomplished during todays’ Executive meeting:
• Reduce quorum from 33.3% to 25%
• Talks with one CEX and one DEX
• Adjusted “SEFI (SEFI)” to “Secret Finance (SEFI) on CoinGecko
• Ideas for SEFI focused awareness pushes

Orders of business:
Vote to make Eric Waisanen co-lead of the SecretSwap Committee
Charter Updates

Proposal to forums soon for Committee Renewal

Open Floor

Agenda & Notes for the SecretSwap Committee Meeting - 09/01/2021

  • Introduce new members

  • Review bugs being tracked and/or fixed

    • Talked to Sandy
      • sSienna to Sienna
      • We have open communications to report UX/UI issues
    • Tab-Switch Glitch
    • De-Select Glitch
    • Earn and Stake SEFI at bottom of home screen is backwards
  • Ask if anybody has new bugs that need to be reported or fixed

  • Review what committee leads have been doing

    • UX/UI
      • APR-APY information hover-screen
      • ‘Learn More’ link at bottom of home page
      • Docs Link on app
    • Exec Committee
      • Duplex
        • Guy on Podcast
        • Double Dipping Rewards
        • SEFI buyback
      • Potentially Expanding Reveal Committee for Proposal Results
      • Email addresses

o Ethan’s been working on a brandbook

o Follow Instagram - @secret_swap

  • Governance Props

o Quorum has officially been lowered to 25%!

o Prop 14 is up for buyback/burn

o We’ll be going to the forum imminently and then SEFI Governance afterwards with a funding proposal

  • Applications
    • SEFI Lottery
    • Margin Prediction Market
    • Transak On-Ramp Integration
  • Open Discussion
    • Governance Template?
    • SNIP-20 to SNIP-22 potential migration impact

Community Suggestions:

  • Manual Slippage Tolerance tool
  • Adjust Router Algorithm now that SEFI is a base pair
1 Like