Wildfiredao.ethWildfire Gov Update 8/26/22
DeFiAave Proposal; [ARC] Risk Parameter Updates for Ethereum Aave v2 MarketThis ARC proposes suspending deposits, disabling borrowing, and sending 100% of the interest paid by FEI borrowers to the Reserve Factor in reaction to the Tribe DAO's intention to reach a terminal state.The TRIBE governance token and the DAO's assets are being dissolved by Tribe DAO. Due to this, FEI will be backed by DAI 1:1 and redeemable at 1FEI:1DAI. Tribe DAO is entering a terminal condition, and the FE...
Wildfiredao.ethWildfire Gov Update 10/18/22
DeFiAave Proposal; Add TRYB to Aave V3 on Avalanche Network, Isolation ModeBiLira would like to onboard TRYB. This AIP lists BiLira (TRYB) on AAVE V3, Avalanche Network, Isolation Mode, the only 1:1 Turkish Lira-backed stablecoin.The full-reserve stable cryptocurrency BiLira (TRYB) is built on the Ethereum blockchain and available on 6 blockchains. It is secured, collateralized 1:1, and ERC-20 token compliant.TRYB (BiLira) is Aave's good borrowing and collateral asset.Aave will get more ...
Wildfiredao.ethWildfire Gov Update 8/12/22
DeFiAave Proposal; ARC: Add OP as Collateral to AAVE v3The objective of the proposal is to add the OP token to Aave V3 on Optimism as a collateral asset. As the pool's initial liquidity is bootstrapped, the Optimism Foundation may additionally provide incentives.Optimism is an L2 scaling solution that will be introduced by the end of 2021 and is EVM equal. Currently, optimism supports more than 100 dapps and $500 million in on-chain value. Having already saved its customers over $1B in g...
Wildfiredao.ethWildfire Gov Update 8/26/22
DeFiAave Proposal; [ARC] Risk Parameter Updates for Ethereum Aave v2 MarketThis ARC proposes suspending deposits, disabling borrowing, and sending 100% of the interest paid by FEI borrowers to the Reserve Factor in reaction to the Tribe DAO's intention to reach a terminal state.The TRIBE governance token and the DAO's assets are being dissolved by Tribe DAO. Due to this, FEI will be backed by DAI 1:1 and redeemable at 1FEI:1DAI. Tribe DAO is entering a terminal condition, and the FE...
Wildfiredao.ethWildfire Gov Update 10/18/22
DeFiAave Proposal; Add TRYB to Aave V3 on Avalanche Network, Isolation ModeBiLira would like to onboard TRYB. This AIP lists BiLira (TRYB) on AAVE V3, Avalanche Network, Isolation Mode, the only 1:1 Turkish Lira-backed stablecoin.The full-reserve stable cryptocurrency BiLira (TRYB) is built on the Ethereum blockchain and available on 6 blockchains. It is secured, collateralized 1:1, and ERC-20 token compliant.TRYB (BiLira) is Aave's good borrowing and collateral asset.Aave will get more ...
Wildfiredao.ethWildfire Gov Update 8/12/22
DeFiAave Proposal; ARC: Add OP as Collateral to AAVE v3The objective of the proposal is to add the OP token to Aave V3 on Optimism as a collateral asset. As the pool's initial liquidity is bootstrapped, the Optimism Foundation may additionally provide incentives.Optimism is an L2 scaling solution that will be introduced by the end of 2021 and is EVM equal. Currently, optimism supports more than 100 dapps and $500 million in on-chain value. Having already saved its customers over $1B in g...
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DeFi
Aave Proposal; Add Login With Unstoppable as an option to the wallet connect dialogue of the Aave app
Web3 domains from Unstoppable Domains can substitute wallet addresses in crypto transactions.
Decentralized websites (supported by Brave, and Opera) and SSO-type decentralized universal Web3 login can be hosted on these domains.
Unstoppable Domains support would minimize friction in attracting new AAVE users, increasing token value.
The proposed integration would add Unstoppable Domains as an option to the wallet connect dialogue of the Aave app. Read more
AAVE would benefit from an evergreen presence on Unstoppable Domains supported applications on all devices as a Defi platform.
Unstoppable teams will promote AAVE via spots in UD's newsletter, posts on social media, and AAVE mentions at upcoming events.
Aave Proposal; [ARC] - ERC4626 Strategies as Productive Collateral
@Llamaxyz proposes a new productive collateral type that lets users deposit into Aave v3 Reserves to gain additional protocol benefits.
Llama will build ERC4626 techniques to deposit Balancer v2 and Curve Liquidity Provider tokens as collateral with community approval.
Aura Finance and Convex Finance gauges reward users who borrow against lucrative techniques.
This new collateral should increase borrowing demand for listed assets and produce money for Aave DAO by paying 5% of earned incentives to the DAO.
It is important to note that although this proposal mentions Balancer and Aura Finance, the same concept applies to Curve and Convex.
The initial deployments utilize Aura gauges, with a Convex integration to follow.
Llama will design and build the upgrade to onboard the new productive collateral if the community approves.
Llama will build the new collateral type using best practices and community stakeholders.**
**
Aave Proposal; Deploy Aave v3 on zkSync v2.0 Testnet
We propose the community-wide deployment of Aave V3 to zkSync 2.0 to promote Aave's multichain objective and increase cross-chain experiences.
ZK Rollup zkSync 2.0 supports Ethereum blockchain generalized EVM compatibility.
EVM dApp developers may easily port to zkSync 2.0 and benefit from cheaper gas rates, more transactions per second, and security.
Deploying zkSync early helps Aave become the top liquidity market and thought leader.
It will also expand the list of Aave V3 projects. Over 200 projects, including Argent, Curve, 1inch, and Yearn, have committed to launch. Chainlink, The Graph, and Gnosis support the ecosystem.
The zkSync ecosystem is expanding fast, but the team is planning to attract and assist new projects and research partners to accelerate network adoption and top protocol (particularly Aave) use.
zkSync is leading the Ethereum community's most anticipated innovation after the merge: zkEVM rollups.
zkSync has taken no shortcuts in establishing the highest quality standards for user security and safety.
Element Proposal; Introduce Push Protocol Notifications to provide a direct engagement channel to increase participation in Governance
Element Finance Governance should include Push Protocol Notifications.
Decentralized Push Protocol notifications connect Element Finance and users. Notifications and immediate action will be available to users.
Public Goods
ENS Proposals; Endaoment Proposals
This week we have seen proposals from:
ENS will now deliberate on the different strategies of profit maximization and risk mitigation that these DAO/Groups are offering
Any and all feedback for these proposals are welcome and much needed in order to receive as much information as possible and open a dialogue with these DAOs
Gitcoin Discussion; Knowledge Transfer
Creator Economy
Bankless Proposal; S5 Member Dissimal Retro
This proposal is suggesting that Ap0ll0517 be removed from the Grants Committee
The reasoning behind this proposal is that Ap00110517 has been unreachable since September 2022. He has not indicated that he has taken time off
The GC committee came to the unanimous decision that a poll should take place for the community if they voted “no” then it would be escalated to a snapshot.
The upcoming election has a myriad amount of applicants and will choose them to serve for one season
Infrastructure & Tooling
POKT Proposal; Independent Pocket Network Reddit Marketing Budget
This proposal seeks $1,250 USD a month to promote and educate users on Reddit about POKT
This will include at least 5 posts per month that usually are ranked #1 by moderators
This project will also avoid “shilling” at all costs
The best way to do your own research on these contributors would be to check out their past posts about POKT on Reddit which is linked above
DeFi
Aave Proposal; Add Login With Unstoppable as an option to the wallet connect dialogue of the Aave app
Web3 domains from Unstoppable Domains can substitute wallet addresses in crypto transactions.
Decentralized websites (supported by Brave, and Opera) and SSO-type decentralized universal Web3 login can be hosted on these domains.
Unstoppable Domains support would minimize friction in attracting new AAVE users, increasing token value.
The proposed integration would add Unstoppable Domains as an option to the wallet connect dialogue of the Aave app. Read more
AAVE would benefit from an evergreen presence on Unstoppable Domains supported applications on all devices as a Defi platform.
Unstoppable teams will promote AAVE via spots in UD's newsletter, posts on social media, and AAVE mentions at upcoming events.
Aave Proposal; [ARC] - ERC4626 Strategies as Productive Collateral
@Llamaxyz proposes a new productive collateral type that lets users deposit into Aave v3 Reserves to gain additional protocol benefits.
Llama will build ERC4626 techniques to deposit Balancer v2 and Curve Liquidity Provider tokens as collateral with community approval.
Aura Finance and Convex Finance gauges reward users who borrow against lucrative techniques.
This new collateral should increase borrowing demand for listed assets and produce money for Aave DAO by paying 5% of earned incentives to the DAO.
It is important to note that although this proposal mentions Balancer and Aura Finance, the same concept applies to Curve and Convex.
The initial deployments utilize Aura gauges, with a Convex integration to follow.
Llama will design and build the upgrade to onboard the new productive collateral if the community approves.
Llama will build the new collateral type using best practices and community stakeholders.**
**
Aave Proposal; Deploy Aave v3 on zkSync v2.0 Testnet
We propose the community-wide deployment of Aave V3 to zkSync 2.0 to promote Aave's multichain objective and increase cross-chain experiences.
ZK Rollup zkSync 2.0 supports Ethereum blockchain generalized EVM compatibility.
EVM dApp developers may easily port to zkSync 2.0 and benefit from cheaper gas rates, more transactions per second, and security.
Deploying zkSync early helps Aave become the top liquidity market and thought leader.
It will also expand the list of Aave V3 projects. Over 200 projects, including Argent, Curve, 1inch, and Yearn, have committed to launch. Chainlink, The Graph, and Gnosis support the ecosystem.
The zkSync ecosystem is expanding fast, but the team is planning to attract and assist new projects and research partners to accelerate network adoption and top protocol (particularly Aave) use.
zkSync is leading the Ethereum community's most anticipated innovation after the merge: zkEVM rollups.
zkSync has taken no shortcuts in establishing the highest quality standards for user security and safety.
Element Proposal; Introduce Push Protocol Notifications to provide a direct engagement channel to increase participation in Governance
Element Finance Governance should include Push Protocol Notifications.
Decentralized Push Protocol notifications connect Element Finance and users. Notifications and immediate action will be available to users.
Public Goods
ENS Proposals; Endaoment Proposals
This week we have seen proposals from:
ENS will now deliberate on the different strategies of profit maximization and risk mitigation that these DAO/Groups are offering
Any and all feedback for these proposals are welcome and much needed in order to receive as much information as possible and open a dialogue with these DAOs
Gitcoin Discussion; Knowledge Transfer
Creator Economy
Bankless Proposal; S5 Member Dissimal Retro
This proposal is suggesting that Ap0ll0517 be removed from the Grants Committee
The reasoning behind this proposal is that Ap00110517 has been unreachable since September 2022. He has not indicated that he has taken time off
The GC committee came to the unanimous decision that a poll should take place for the community if they voted “no” then it would be escalated to a snapshot.
The upcoming election has a myriad amount of applicants and will choose them to serve for one season
Infrastructure & Tooling
POKT Proposal; Independent Pocket Network Reddit Marketing Budget
This proposal seeks $1,250 USD a month to promote and educate users on Reddit about POKT
This will include at least 5 posts per month that usually are ranked #1 by moderators
This project will also avoid “shilling” at all costs
The best way to do your own research on these contributors would be to check out their past posts about POKT on Reddit which is linked above
All alerts may be given in rich media format with links and photos, making them more interesting.
Element Finance will provide a Push Protocol Channel for consumers to opt-in to alerts.
Push team will help implement "Opt-in" capability to Element.fi front-end to enable channel subscribers to get governance alerts.
Balancer Proposal; [BIP-91] Temporarily Adjust Optimism Fee Split
Balancer's 50% share of Optimism fees should be redirected to growth incentives in October, November, and December.
We proposed pairing OP 1:1 with protocol fees for OP incentives.
If Balancer forgoes their 50% fee share, we can match these funds 1:1 with OP and utilize them to build Optimism.
Because we invested in growth for three months, we'll make more money when Balancer starts taking their 50% fee again in January.
Since its debut, Optimism has sent $50,100 in fees to Balancer. It's not a huge loss, but it might significantly impact our progress at this crucial moment.
We need aggregator support on the new increased pools to collect exchange fees. We need every dollar of protocol fees back as an incentive to keep growing.
Balancer Proposal; [BIP-92] Deploy Liquidity Bootstrapping Pools to BNB Chain
Deploy Liquidity Bootstrapping Pools to BNB Chain to facilitate fair token launches.
Market manipulators with skewed incentives exploit BNB Chain token releases to hurt small businesses, retail customers, and the chain.
Small projects can only safeguard their token launch against manipulation by deploying massive quantities of collateral token liquidity, making manipulation more expensive.
If accepted by the governance, Balancer's deployment of LBPs in BNB Chain will be the first partnership between both companies.
This concept and a hypothetical Balancer deployment for launching LBPs in BNB Chain might benefit both parties in future collaborations.
If the proposal passes, both parties will immediately begin developing the technological framework to allow new token projects to use the Balancer service.
Balancer Proposal; [BIP-93] Enable BADGER/rETH 50/50 Gauge [Ethereum] w/10% emissions cap
The BADGER/rETH 50/50 Core Pool gauge would have a 10% emissions limit. BIP-19 would make this a core pool, returning Balancer's protocol fees as voting incentives.
Badger would like to create liquidity with a BADGER / ETH pairing.
Arbitrage between this gauge and the BADGER/wBTC gauge will boost Balancer trading volumes and fees. Balancer and BADGER LPs receive pool rETH staking rewards.
The Balancer ecosystem will get liquidity through BADGER/rETH 50/50 Pool incentive.
We want a varied collection of exchanges to encourage BADGER token liquidity and provide Badger supporters several ways to earn fees and returns. Balancer is our DEX partner.
Balancer Proposal; [BIP-94] Enable wstETH/LDO Gauge [Arbitrum]
This pool applies protocol fees to yield-bearing coins using the new weighted pool factory.
This pool's wstETH yield will benefit users and the system, making token pairing more efficient.
Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.
Since Arbitrum distributes all fees through bribery, this pool will get bribes in proportion to its TVL compared to other core pools.
Balancer wants to attract more yield-bearing liquidity.
wstETH's debut on Arbitrum has made Balancer its major liquidity destination.
This wstETH/LDO pool will increase trade volumes, diversify Lido backers, and attract other projects to pair against it.
Balancer Proposal; [BIP-95] Enable wstETH/LDO Gauge [Optimism]
This pool applies protocol fees to yield-bearing coins using the new weighted pool factory.
This pool's wstETH yield will benefit users and the system, making token pairing more efficient.
Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.
We're on track to become and keep Optimism's top wstETH liquidity destination.
This pool will help LDO holders store their governance tokens and wstETH.
This strengthens our collaboration with Lido and provides trading avenues and deeper liquidity for our L2 takeover initiatives and all stakeholders.
There is 1000x more sybil resistance available from POAP than the Gitcoin Passport is currently consuming.
There is a data intelligence problem of “how much is each POAP worth?”.
There may be decentralized ways to solve the problem.
POAPs can essentially be used in Gitcoin Passport as a sybil resistance signal because the cost of forgery is high
Owocki suggests that an app is made to do conviction voting on POAPs to increase the sybil resistance
All alerts may be given in rich media format with links and photos, making them more interesting.
Element Finance will provide a Push Protocol Channel for consumers to opt-in to alerts.
Push team will help implement "Opt-in" capability to Element.fi front-end to enable channel subscribers to get governance alerts.
Balancer Proposal; [BIP-91] Temporarily Adjust Optimism Fee Split
Balancer's 50% share of Optimism fees should be redirected to growth incentives in October, November, and December.
We proposed pairing OP 1:1 with protocol fees for OP incentives.
If Balancer forgoes their 50% fee share, we can match these funds 1:1 with OP and utilize them to build Optimism.
Because we invested in growth for three months, we'll make more money when Balancer starts taking their 50% fee again in January.
Since its debut, Optimism has sent $50,100 in fees to Balancer. It's not a huge loss, but it might significantly impact our progress at this crucial moment.
We need aggregator support on the new increased pools to collect exchange fees. We need every dollar of protocol fees back as an incentive to keep growing.
Balancer Proposal; [BIP-92] Deploy Liquidity Bootstrapping Pools to BNB Chain
Deploy Liquidity Bootstrapping Pools to BNB Chain to facilitate fair token launches.
Market manipulators with skewed incentives exploit BNB Chain token releases to hurt small businesses, retail customers, and the chain.
Small projects can only safeguard their token launch against manipulation by deploying massive quantities of collateral token liquidity, making manipulation more expensive.
If accepted by the governance, Balancer's deployment of LBPs in BNB Chain will be the first partnership between both companies.
This concept and a hypothetical Balancer deployment for launching LBPs in BNB Chain might benefit both parties in future collaborations.
If the proposal passes, both parties will immediately begin developing the technological framework to allow new token projects to use the Balancer service.
Balancer Proposal; [BIP-93] Enable BADGER/rETH 50/50 Gauge [Ethereum] w/10% emissions cap
The BADGER/rETH 50/50 Core Pool gauge would have a 10% emissions limit. BIP-19 would make this a core pool, returning Balancer's protocol fees as voting incentives.
Badger would like to create liquidity with a BADGER / ETH pairing.
Arbitrage between this gauge and the BADGER/wBTC gauge will boost Balancer trading volumes and fees. Balancer and BADGER LPs receive pool rETH staking rewards.
The Balancer ecosystem will get liquidity through BADGER/rETH 50/50 Pool incentive.
We want a varied collection of exchanges to encourage BADGER token liquidity and provide Badger supporters several ways to earn fees and returns. Balancer is our DEX partner.
Balancer Proposal; [BIP-94] Enable wstETH/LDO Gauge [Arbitrum]
This pool applies protocol fees to yield-bearing coins using the new weighted pool factory.
This pool's wstETH yield will benefit users and the system, making token pairing more efficient.
Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.
Since Arbitrum distributes all fees through bribery, this pool will get bribes in proportion to its TVL compared to other core pools.
Balancer wants to attract more yield-bearing liquidity.
wstETH's debut on Arbitrum has made Balancer its major liquidity destination.
This wstETH/LDO pool will increase trade volumes, diversify Lido backers, and attract other projects to pair against it.
Balancer Proposal; [BIP-95] Enable wstETH/LDO Gauge [Optimism]
This pool applies protocol fees to yield-bearing coins using the new weighted pool factory.
This pool's wstETH yield will benefit users and the system, making token pairing more efficient.
Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.
We're on track to become and keep Optimism's top wstETH liquidity destination.
This pool will help LDO holders store their governance tokens and wstETH.
This strengthens our collaboration with Lido and provides trading avenues and deeper liquidity for our L2 takeover initiatives and all stakeholders.
There is 1000x more sybil resistance available from POAP than the Gitcoin Passport is currently consuming.
There is a data intelligence problem of “how much is each POAP worth?”.
There may be decentralized ways to solve the problem.
POAPs can essentially be used in Gitcoin Passport as a sybil resistance signal because the cost of forgery is high
Owocki suggests that an app is made to do conviction voting on POAPs to increase the sybil resistance
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