Vaulta BP Meeting Recap—August 2025

AuthorVaulta

DateAug 12, 2025

Introduction

The Vaulta Block Producer (BP) monthly meetings serve as a foundational platform for facilitating consistent and open communication between the top 30 Vaulta BPs and the Vaulta Foundation (VF). These gatherings are designed to cultivate a collaborative environment where network operators and custodians can engage in constructive dialogue, share insights, and work collectively towards the shared goal of advancing and strengthening the Vaulta ecosystem. Through these discussions, the community aims to address challenges, explore new opportunities, and implement strategies that align with the network's long-term vision for innovation and growth.

Meeting Overview

The meeting commenced at 0100 UTC on August 7th, 2025, with 20 Block Producers (BPs) and a total of 33 attendees participating. To accommodate the diverse, global audience, the Interprefy tool was employed for real-time translation across multiple languages, facilitating effective communication throughout the session.

Beatrice Wang, Communications Manager for the Vaulta Foundation (VF), welcomed participants and introduced the agenda. The meeting was set to cover a comprehensive range of topics, including:

The Vaulta Labs RAM Market Reform Proposal
Governance conduct and voting practices
The evolving mission and communication strategy of Vaulta Labs
Treasury fund management and deployment of the 315M $A reserve

RAM Market Reform Proposal

The meeting’s central discussion focused on Vaulta Labs' RAM Market Reform Proposal, which would disable the sellram function in Bancor, moving RAM pricing away from Bancor’s algorithm toward secondary-market price discovery. Additional background and context for this initiative can be found in Vaulta Labs’ Notion page on the proposal.

Huaqiang Qiang defended the proposal as a way to balance speculative demand with developer utility, pointing out that a large portion of RAM was purchased for investment purposes. He explained that the V token, already part of the RAM ecosystem, has been gradually decoupling from RAM and is envisioned to serve as a stand-alone asset with independent price behavior and additional utility, including a decentralized, Oracle-enabled database architecture for Web3 banking and AI-powered applications.

Yves La Rose confirmed that removing sellram had been discussed during the original 2024 tokenomics consultations but was ultimately excluded from the final draft due to BP resistance. While he sees potential benefits in alternative RAM market structures, he emphasized that significant preparatory work would be required to avoid breaking existing smart contracts, disrupting developer workflows, or creating instability.

Governance and Voting Conduct

Concerns were raised about possible use of Foundation or Labs funds to influence governance. Yves reiterated the Foundation’s policy of not voting with tokens, describing it as a social contract with BPs, and clarified that Labs’ voting was conducted socially via proxy without treasury funds.

Huaqiang acknowledged that his 5M $A vote had caused misunderstandings, pledged to retract it after the 21-day voting period, and emphasized that the vote’s size was too small to affect BP rankings.Editor’s Note (August 8, 2025): Huaqiang subsequently withdrew the 5M $A from Newpool.

Vaulta Labs Mission and Communication

Concerns were expressed that Vaulta Labs has diverged from its original role as a Web3 incubator and that public communications have been minimal.

Huaqiang responded by reviewing Labs’ history, noting that between 2023 and 2024, most externally incubated projects failed to achieve lasting success. This led to a strategic pivot toward internally built projects like ExSat, 1DEX, and the V token, where Labs maintains direct involvement and funding to ensure stability and alignment with long-term goals.

Huaqiang also outlined ongoing initiatives, including RAM ecosystem development, partnerships with compliant custody providers like Ceffu and Standard Chartered, and exchange integrations to expand liquidity.

Treasury Fund Use – 315M A

Questions were raised about how the 315M A treasury is being used. Yves detailed the four primary categories for deployment:

Quant and delta-neutral trading strategies.
RAM market-making.
Token swaps and partnerships (e.g., WLFI, Ceffu).
Centralized exchange promotions and competitions (e.g., Binance, Crypto.com).

He noted that RAM market-making uses a small portion of the treasury, described results as modestly successful, and said allocations could be reallocated if more impactful opportunities arise.

Legal Matters – Block.one and Bullish

Questions were raised about pursuing legal action against Bullish IPO funding sources. Yves reviewed the failed class-action opt-out campaign, noting Judge Kaplan’s ruling earlier in the year that upheld the validity of the existing class, effectively closing off further legal avenues.

Block Producer Attendee List