DeFiBalancer Proposal; Funding Proposal for the Balancer DAO Foundation.This proposal seeks funding for the legal entity that is the Balancer DAO Foundation which will act as an agent on behalf of the DAO.The funding requirements for each quarter are:2022 Q2 - 32,941 USDC2022 Q3 - 67,919 USDC2022 Q4 - 67,969 USDC2022 Q1 - 78,384 USDCFoundation Self Insurance Reserve - $500,000The overview list of expenses is:Annual Secretary FeeCampbells Corporate ServicesSelf Insurance Reserve Bank FeesAccou...

DeFiBalancer Proposal; Funding Proposal for the Balancer DAO Foundation.This proposal seeks funding for the legal entity that is the Balancer DAO Foundation which will act as an agent on behalf of the DAO.The funding requirements for each quarter are:2022 Q2 - 32,941 USDC2022 Q3 - 67,919 USDC2022 Q4 - 67,969 USDC2022 Q1 - 78,384 USDCFoundation Self Insurance Reserve - $500,000The overview list of expenses is:Annual Secretary FeeCampbells Corporate ServicesSelf Insurance Reserve Bank FeesAccou...

DeFiBalancer Proposal; Unclaimed BAL Rewards.After speaking with the BAL team, the devs realized that they made a mistake with the structure of the voting escrow and gauge management contracts.This led to 34,344 BAL that will be unclaimable on the BalancerMinter.This proposal asks the Balancer DAO to OTC the BAL tokens to the Tribe DAOThis proposal expires on June 12th at 7:00 AM PT.Balancer Proposal; Implement New Gauge Requirements.The swap fee on the CREAM/WETH gauge has been set to 10% in...

DeFiBalancer Proposal; Unclaimed BAL Rewards.After speaking with the BAL team, the devs realized that they made a mistake with the structure of the voting escrow and gauge management contracts.This led to 34,344 BAL that will be unclaimable on the BalancerMinter.This proposal asks the Balancer DAO to OTC the BAL tokens to the Tribe DAOThis proposal expires on June 12th at 7:00 AM PT.Balancer Proposal; Implement New Gauge Requirements.The swap fee on the CREAM/WETH gauge has been set to 10% in...

DeFiAave Temp Check; Sigma Prime Security Assessment Services for Aave.This temp check seeks to utilize Sigma Prime’s security assessment over a year period for a range of $1.3 - $1.5M in USDC.50% of the fee will be paid upfront while the other 50% will be paid upon completion.The security assessment will focus on the migration of Aave v2 to v3, new Aave tokens, a new iteration of governance based on proof of voting, and the migration of the AAVE/ETH Balancer pool.Scopes of services and Engag...

DeFiAave Temp Check; Sigma Prime Security Assessment Services for Aave.This temp check seeks to utilize Sigma Prime’s security assessment over a year period for a range of $1.3 - $1.5M in USDC.50% of the fee will be paid upfront while the other 50% will be paid upon completion.The security assessment will focus on the migration of Aave v2 to v3, new Aave tokens, a new iteration of governance based on proof of voting, and the migration of the AAVE/ETH Balancer pool.Scopes of services and Engag...

DeFiAave Proposal; Add 1INCH as collateralThis proposal is aimed at adding 1inch as collateral on Aave, the proposal gives an in-depth overview of 1inch, how large its market share is, and why it is important that 1inch is added as a collateral asset on Aave.According to the proposal the benefits of adding 1inch to the Aave include:1INCH is not yet listed on any decentralized lending platforms, therefore Aave would have a first-mover advantage in relation to other platforms.1INCH is listed on...

DeFiAave Proposal; Add 1INCH as collateralThis proposal is aimed at adding 1inch as collateral on Aave, the proposal gives an in-depth overview of 1inch, how large its market share is, and why it is important that 1inch is added as a collateral asset on Aave.According to the proposal the benefits of adding 1inch to the Aave include:1INCH is not yet listed on any decentralized lending platforms, therefore Aave would have a first-mover advantage in relation to other platforms.1INCH is listed on...

DeFiAave Proposal; ARC: Add GNO to Aave V2.This proposal seeks to add Gnosisdao’s governance token as collateral in the Aave v2 protocol.Gnosis has created products like the Gnosis Safe multi-signature wallet, Zodiac, Gnosis Auction, and Cowswap.The Gnosis Chain has a TVL of $290M, 130k transactions a day, and an average block time of 5 seconds over 6.1M wallets.This proposal expires on June 10th, 4:00 AM PT.Aave Proposal; Integrate Pocket RPC in Aave.Pocket is a decentralized RPC protocol th...

DeFiAave Proposal; ARC: Add GNO to Aave V2.This proposal seeks to add Gnosisdao’s governance token as collateral in the Aave v2 protocol.Gnosis has created products like the Gnosis Safe multi-signature wallet, Zodiac, Gnosis Auction, and Cowswap.The Gnosis Chain has a TVL of $290M, 130k transactions a day, and an average block time of 5 seconds over 6.1M wallets.This proposal expires on June 10th, 4:00 AM PT.Aave Proposal; Integrate Pocket RPC in Aave.Pocket is a decentralized RPC protocol th...

DeFiBalancer Proposal; Incentivize Core Pools and L2s.This proposal seeks to create the designation of “core” pools that Balancer can incentivize both on the mainnet and L2sThe core designation will be given out to pools that generate revenue for BalancerCurrently, only metastable pools are the pools that Balancer earns protocol fees on any yield generated by the underlying assetThe bribes to incentive these pools will be in USDC“veBAL's share of fees from the wstETH/WETH pool is 30 wstE...

DeFiBalancer Proposal; Incentivize Core Pools and L2s.This proposal seeks to create the designation of “core” pools that Balancer can incentivize both on the mainnet and L2sThe core designation will be given out to pools that generate revenue for BalancerCurrently, only metastable pools are the pools that Balancer earns protocol fees on any yield generated by the underlying assetThe bribes to incentive these pools will be in USDC“veBAL's share of fees from the wstETH/WETH pool is 30 wstE...

DeFiAave Temp Check; Add 1inch as collateral.This temp check seeks to add the 1inch token as a collateral asset in Aave.1inch has a $160B trading volume, 5.91M swaps, and 1.25M, usersThe risk ratings are as followed:Average Smart-Contract - BAverage Counterparty Risk - BAverage Market Risk - BA quick look at token distributions:StepVesting - 60%Token Millionaire - 15%“This means that 60% of tokens are vesting and among the top 81 wallets holding more than 2.5m inch, 75% of tokens are unvested...

DeFiAave Temp Check; Add 1inch as collateral.This temp check seeks to add the 1inch token as a collateral asset in Aave.1inch has a $160B trading volume, 5.91M swaps, and 1.25M, usersThe risk ratings are as followed:Average Smart-Contract - BAverage Counterparty Risk - BAverage Market Risk - BA quick look at token distributions:StepVesting - 60%Token Millionaire - 15%“This means that 60% of tokens are vesting and among the top 81 wallets holding more than 2.5m inch, 75% of tokens are unvested...

DeFiAave Proposal; Bounty on Fallback Oracle Misconfiguration.This proposal seeks to reward a $50,000 bounty to the Hacxyk Team, to be paid in USDCThe Hacxyk Team provided a security disclosure involving a misconfiguration of the fallback oracle on the Aave v3 markets that left $3B worth of assets at risk.This proposal expires on June 19th at 3:00 AM PT.Element Discussion; Bootstrap Work Stream.Element DAO has no active contributors and a temporary workstream could incentivize task completion...

DeFiAave Proposal; Bounty on Fallback Oracle Misconfiguration.This proposal seeks to reward a $50,000 bounty to the Hacxyk Team, to be paid in USDCThe Hacxyk Team provided a security disclosure involving a misconfiguration of the fallback oracle on the Aave v3 markets that left $3B worth of assets at risk.This proposal expires on June 19th at 3:00 AM PT.Element Discussion; Bootstrap Work Stream.Element DAO has no active contributors and a temporary workstream could incentivize task completion...

DeFiAave Proposal; Add Reserve Rights (RSR) as a borrowable asset.This is a proposal to list RSR (Reserve Rights Token) as an asset to borrow. RSR is the governance token for the Reserve Protocol. The proposal gives an overview of RSR and how useful RSR can be on Aave, the author anticipates that the yield on stRSR will drive demand to borrow RSR for two primary reasons: (a) to hedge against price changes on an existing stRSR position and (b) to borrow with intent to stake for the stRSR yield...

DeFiAave Proposal; Add Reserve Rights (RSR) as a borrowable asset.This is a proposal to list RSR (Reserve Rights Token) as an asset to borrow. RSR is the governance token for the Reserve Protocol. The proposal gives an overview of RSR and how useful RSR can be on Aave, the author anticipates that the yield on stRSR will drive demand to borrow RSR for two primary reasons: (a) to hedge against price changes on an existing stRSR position and (b) to borrow with intent to stake for the stRSR yield...

DeFiAave Proposal; Add Rocket Pool’s rETH on Aave v2 Mainnet Market.This proposal seeks to add borrow/lend support for Rocket Pool’s rETH on AaveStakers can deposit as little as 0.01 ETH in exchange for rETH.Node operators deposit 16 ETH, with a min of 1.6 ETH of RPL tokens as collateral to stake on behalf of the pool.Rocket pool has not seen any major losses or hacks for the 6 months it has been live.There is a governance risk in the dual DAO model between the oDAO and pDAO.Risk Parameters:L...

DeFiAave Proposal; Add Rocket Pool’s rETH on Aave v2 Mainnet Market.This proposal seeks to add borrow/lend support for Rocket Pool’s rETH on AaveStakers can deposit as little as 0.01 ETH in exchange for rETH.Node operators deposit 16 ETH, with a min of 1.6 ETH of RPL tokens as collateral to stake on behalf of the pool.Rocket pool has not seen any major losses or hacks for the 6 months it has been live.There is a governance risk in the dual DAO model between the oDAO and pDAO.Risk Parameters:L...

DeFiAave Proposal; Enable agEUR as collateral in isolation mode on V3 on PolygonAngle Protocol is a decentralized stablecoin protocol primarily designed to be both over-collateralized and capital-efficient.The protocol has begun by releasing agEUR, a stablecoin for the Euro. With a supply of 48.7 million, a TVL in the protocol of $87 million, and an average daily volume > $4 million, this stablecoin has grown to be one of the largest on the market. Currently, only the Ethereum mainnet can be ...

DeFiAave Proposal; Enable agEUR as collateral in isolation mode on V3 on PolygonAngle Protocol is a decentralized stablecoin protocol primarily designed to be both over-collateralized and capital-efficient.The protocol has begun by releasing agEUR, a stablecoin for the Euro. With a supply of 48.7 million, a TVL in the protocol of $87 million, and an average daily volume > $4 million, this stablecoin has grown to be one of the largest on the market. Currently, only the Ethereum mainnet can be ...

DeFiAave Discussion; Harmony Bridge Exploit.On June 23rd, an exploit was used on the Harmony Horizon bridge that allowed uses on the mainnet to bridge their assets to Harmony One.12 hours later the Harmony team was aware of the attack and certified a loss of $100M.The attackers took advantage of an arbitrage opportunity where they can deposit assets with less value (1USDC) as collateral on Aave V3 Harmony and borrow assets not exploited like ONE and LINKPublic GoodsENS Discussion; Funding Tru...

DeFiAave Discussion; Harmony Bridge Exploit.On June 23rd, an exploit was used on the Harmony Horizon bridge that allowed uses on the mainnet to bridge their assets to Harmony One.12 hours later the Harmony team was aware of the attack and certified a loss of $100M.The attackers took advantage of an arbitrage opportunity where they can deposit assets with less value (1USDC) as collateral on Aave V3 Harmony and borrow assets not exploited like ONE and LINKPublic GoodsENS Discussion; Funding Tru...