Cover photo

Wildfire Gov Update 10/12/22

DeFi

  • Aave Proposal; Micro-Level (User Level) Risk Monitoring Idea

    • RociFi 1 is a protocol for on-chain credit scoring and under-collateralized lending. 

    • Our non-fungible credit score (NFCS) determines consumers' chances of repaying an under-collateralized loan.

    • Aave could employ RociFi NFCS to improve capital efficiency by giving higher LTVs to higher-scored customers, producing more income without increasing bankruptcy risk.

    • Any developer or protocol can use NFCS API for real-time scores of any NFCS holder and integrate them based on their needs.

    • Integrating RociFi NFCS onchain credit ratings into lending procedures increases LTVs and risk-adjusted revenues.

    • Adopting RociFi NFCS by protocols:

    • Increases community revenue.

    • Better product appeal through higher LTV for borrowers with cheaper rates and increased supply rates to lenders.

Public Goods

  • Gitcoin Proposal; Ratify the Results of Grants Round 15

    • The summary of this proposal of the grants round will have $4.4M, $3.1M from combined matching pools, and $1.3M from the communities 

    • This will fund over 1,400 grants in the ecosystem

    • The two options to vote are:

      • Ratify the round results or 

      • Request further deliberation on the round

    • This Proposal is now closed at the time of writing this

Creator Economy

  • SuperRare Discussion; Give Me Sovereignty or Give Me Death

    •  This discussion post centers around the idea of implementing more sovereign contracts based on the popularity and usage of NFTs/Artists

    • In addition to the index contracts created by manifold.xyz this discussion brings up the idea of customizing their own contracts 

    • This will allow artists to be able to have all of their work in one spot and give them more freedom over their work

    • The one downside to this would be the difficulty of the implementation of all sovereign contracts on the site

  • Bankless Tempcheck; bDAO Website Project Handoff

    • This is a temp check for the transfer of the website project

    • The proposed budget is 600,000 BANK which would come to around $6,000 USD

    • The main goals for this project are:

      • To churn through the outstanding bugs

      • Create dedicated Guild and project page templates

      • Configure more Web3 tooling and dashboards under the subdomains of the website

      • Link out to our DAO’lationship partners

      • Mature and perfect our change process

      • Consideration for adding GitPOAP to our site to reward contributors

Infrastructure & Tooling

  • Rocket Pool Discussion; Community-Led Website

    • This is a discussion post that proposes the idea that Rocket Pool creates a new website that is entirely community-led as indicated in the title

    • This would further strengthen the community bond among Rocket Pool contributors and increase the web presence of Rocket Pool

    • This would also let the core team focus on more important tasks on hand and could even be a better version of the website

  • Rocket Pool Discussion; Stipends for pDAO Roles

    • This discussion brings up the possibility of stipends for roles in the pDAO

      • IMC/GMC Members 

      • pDAO Treasurer 

      • IMC Treasurer

      • Future roles & etc.

    • The contributors working in these roles are not expecting to receive any compensation but it would be useful to give $500 - $1,500 worth of RPL to every contributor 

    • A good idea would be to send fixed payments to each position and not try and calculate hours + effort

    • The downside is this would be a somewhat small amount and funding for the pDAO is limited at the moment