DeFi

• Aave Proposal; [ARC] Increase supply cap for BTC.b on Avalanche V3 

  • Increase the supply-cap to 5,800 BTC.b (100% increase).

  • BTC.b on Avalanche V3 has only been live for a few days, and it's already close to meeting its supply cap, signaling rapid market growth that we predict to continue.

  • Increasing the supply-cap to 5,800 BTC.b is required to meet market demand.

  • Avalanche Bridge allows permissionless, non-custodial minting and redemption of BTC.b.

  • We expect $43M worth of WBTC.e on Avalanche V3 to transfer to BTC.b, a safer variant of the same commodity, to become the default on Avalanche.

  • The community accepted the proposal and passed on Snapshot.

• Aave Proposal; InsureDAO: Grant proposal for depeg coverage pool.  

  • Depeg insurance covers stablecoins' risks. Due to $LUNA, people identified stablecoin depeg concerns. InsureDAO will cover risk by establishing a short position with 3rd party dApps like Aave.

  • Depeg insurance reduces the chance of underlying assets being out of peg, and will help expand the Optimism and Aave ecosystem.

  • Aave leverages depeg pool yield. The pool produces leveraged yield via Aave and offers sUSD or USDT De-Peg insurance. Since the pool shorts sUSD and/or USDT, liquidity providers won't lose money if the peg is devalued.

  • Every time De-Peg insurance is bought, the pool borrows sUSD/USDT from Aave. The pool earns (leveraged) yield from USDC, while insurance purchasers pay Aave's borrowing rate.

  • Our depeg insurance employs Aave v3 for short sUSD/USDT and underwriting pools. That implies if our depeg insurance works, we may contribute to the expansion of Aave TVLs in optimism.

  • sUSD has additional use cases since its risk is reduced. Aave should buy more sUSD TVLs if risk-hedging options make sUSD more convenient. USDT is similar.

  • We can supply insurers with stablecoin asset management options through Aave to gain greater APYs for stablecoin holders.

  • Insure DAO request Aave USD15k worth of token as a grant for this project.

• Element Proposal; EGP-XX: EGP Lifecycle Amendments

  • EGP-X, Governance Lifecycle Clarification, modifies the present procedure to clarify the proposal governance lifecycle and eliminate variability. 

  • Future proposals will follow the timeframe specified in the proposals, enabling community members to be more informed of their engagement.

  • Stage 1: Draft Stage / Minimum Feedback Period.

  • Presently, no date is set for the feedback period. The proposal allows five days for community feedback.

  • Stage 2: Proposed Stage / Minimum Review Period.

  • Reduction from the current seven-day review to five days.

  • Stage 3: Off-Chain Voting Period.

  • All votes will now occur on Tuesdays only. This makes it more predictable for people to check Snapshot.

  • This framework can be amended in the future by passing a social proposal.

• Element Proposal; Element Proposal; EGP-XX: EGP Lifecycle Amendments (Revised Proposal)

  • The proposal calls for the addition of a Yearn Finance strategy that auto-compounds deposits of the bb-a-USD Balancer Finance pool via Aura Finance as a supported yield originator.

  • bb-a-USD has $140M in TVL (across two pools) on Balancer Finance. It invests 80 to 85% of its cash in AAVE, which yields 0.71 percent at current loan rates.

  • With $BAL and $AURA emissions, this is 6.5% APR before Yearn Finance auto-compounding.

  • Primary tokens would be added as collateral for minting $FIAT, which has liquidity on Balancer Finance via our "FUD" pool. Users might exploit their bb-a-USD exposure to lock TVL for Balancer and Aura.

  • Balancer and Aura could perhaps subsidize $FIAT liquidity to enhance its capacity if this approach is effective.

  • The end state of such a scenario playing out would be:

  • Recurring TVL for Element

  • Greater interest in secondary liquidity for $FIAT

  • Locked TVL for Balancer, Aura

  • This new asset would have a six-month term starting in mid-to-late October 2022 and ending on April 24, 2023.

• Balancer Proposal; [BIP-XX] Redeem TRIBE

  • This proposal provides the opportunity for Balancer to redeem its TRIBE for stETH, LQTY, FOX, and DAI following the veBAL transaction vote.

  • Balancer DAO holds 2.8M TRIBE units in the Treasury, which can be redeemed for 308.04 stETH, 6,729.56 LQTY, 993,593.68 FOX and 189,047.55 DAI.

  • Balancer DAO's TRIBE gets an extra 6,113 DAI after a vote and token swap between Tribe DAO and Aave Companies.

  • When Aave Companies escrows 1M DAI, Tribe DAO will move it from FEI PSM to TRIBE Redeem, letting TRIBE holders can access it instantly.

  • Llama suggests that Balancer DAO redeem the complete TRIBE stake using the received funds.

  • The difference between Balance DAO redeeming now or after the extra 1M DAI deposit is 6,104 DAI.

Public Goods

• ENS Proposal; Optional Platform Source Parameter for Registar Controller

  • Slobo.eth is proposing that ENS uses back-end code to see where users are registering there ENS domains

  • Slobo’s reasoning for collecting this data is that it would be useful to lever and help grow the community

  • This would be a great way to gain visibility in the ecosystem but some of the comments suggest that this would be an opt-in program for the other sites’ like ensfairy.xyz

Creator Economy

• SuperRare Temp Check; SuperRare DAO to Sponosor Comlpexcon 2022

  • This temp check is to see whether or not SuperRare DAO should sponsor Complexcon at the cost of $50,000 USD

  • Complexcon is an art festival in Long Beach California that will span for two days

  • SuperRare is deciding whether or not to sponsor the event and how large the booth in question should be

  • This would increase the visibility of SuperRare to art enthusiasts outside of Web3 but going “overkill” on the booth might send the wrong message

• Bankless Discussion; Future of Guest Pass

  • The summary of this discussion post was well laid out so I will quote it from this point:

  • This discussion is meant for a new system for monetizing our guest pass without limiting access to our organization

  • A No Loss Subscription 2 is the ability for a potential new member to stake tokens in order to receive a guest pass NFT while allowing the DAO to perform safe yield farming strategies to monetize the staked tokens

    • Members will have the ability to redeem 100% of their stake while being able to participate in the BanklessDAO discord

    • The DAO treasury guild will be able to monetize members that are just exploring the DAO

  • Using this

Infrastructure & Tooling

• Rocket Pool Disscussion; Grants/Bounties Scoring Rubric

  • This discussion seeks to revive a certain section from RPIP-15 that creates a scoring rubric for grants/bounties/retrospective awards

  • This rubric would be created and workshopped by the community 

  • The suggested outline of the rubric is as follows:

    • Impact - (60 Points) How much of an impact will this grant/bounty bring to the DAO

    • ROI - (20 Points) What is the likelihood that this grant/bounty will bring back a return on investment

    • Feasibility - (20 Points) How feasible is it to accomplish this grant/bounty

  • This is an open discussion on the Rocket Pool forum and could use some more insight

• Pokt Proposal; Apply for DAO Grant and Recommendations

  • This is a simple proposal that is asking for 15,000 POKT ($10,500 USD) for three main website uses:

    • Three years of domain name usage fees

    • Three years of AWS costs

    • Futures will be added soon:

      • 3.1 multi-language support

      • 3.2 list all chains that POKT support

DeFi

• Aave Proposal; [ARC] Increase supply cap for BTC.b on Avalanche V3 

  • Increase the supply-cap to 5,800 BTC.b (100% increase).

  • BTC.b on Avalanche V3 has only been live for a few days, and it's already close to meeting its supply cap, signaling rapid market growth that we predict to continue.

  • Increasing the supply-cap to 5,800 BTC.b is required to meet market demand.

  • Avalanche Bridge allows permissionless, non-custodial minting and redemption of BTC.b.

  • We expect $43M worth of WBTC.e on Avalanche V3 to transfer to BTC.b, a safer variant of the same commodity, to become the default on Avalanche.

  • The community accepted the proposal and passed on Snapshot.

• Aave Proposal; InsureDAO: Grant proposal for depeg coverage pool.  

  • Depeg insurance covers stablecoins' risks. Due to $LUNA, people identified stablecoin depeg concerns. InsureDAO will cover risk by establishing a short position with 3rd party dApps like Aave.

  • Depeg insurance reduces the chance of underlying assets being out of peg, and will help expand the Optimism and Aave ecosystem.

  • Aave leverages depeg pool yield. The pool produces leveraged yield via Aave and offers sUSD or USDT De-Peg insurance. Since the pool shorts sUSD and/or USDT, liquidity providers won't lose money if the peg is devalued.

  • Every time De-Peg insurance is bought, the pool borrows sUSD/USDT from Aave. The pool earns (leveraged) yield from USDC, while insurance purchasers pay Aave's borrowing rate.

  • Our depeg insurance employs Aave v3 for short sUSD/USDT and underwriting pools. That implies if our depeg insurance works, we may contribute to the expansion of Aave TVLs in optimism.

  • sUSD has additional use cases since its risk is reduced. Aave should buy more sUSD TVLs if risk-hedging options make sUSD more convenient. USDT is similar.

  • We can supply insurers with stablecoin asset management options through Aave to gain greater APYs for stablecoin holders.

  • Insure DAO request Aave USD15k worth of token as a grant for this project.

• Element Proposal; EGP-XX: EGP Lifecycle Amendments

  • EGP-X, Governance Lifecycle Clarification, modifies the present procedure to clarify the proposal governance lifecycle and eliminate variability. 

  • Future proposals will follow the timeframe specified in the proposals, enabling community members to be more informed of their engagement.

  • Stage 1: Draft Stage / Minimum Feedback Period.

  • Presently, no date is set for the feedback period. The proposal allows five days for community feedback.

  • Stage 2: Proposed Stage / Minimum Review Period.

  • Reduction from the current seven-day review to five days.

  • Stage 3: Off-Chain Voting Period.

  • All votes will now occur on Tuesdays only. This makes it more predictable for people to check Snapshot.

  • This framework can be amended in the future by passing a social proposal.

• Element Proposal; Element Proposal; EGP-XX: EGP Lifecycle Amendments (Revised Proposal)

  • The proposal calls for the addition of a Yearn Finance strategy that auto-compounds deposits of the bb-a-USD Balancer Finance pool via Aura Finance as a supported yield originator.

  • bb-a-USD has $140M in TVL (across two pools) on Balancer Finance. It invests 80 to 85% of its cash in AAVE, which yields 0.71 percent at current loan rates.

  • With $BAL and $AURA emissions, this is 6.5% APR before Yearn Finance auto-compounding.

  • Primary tokens would be added as collateral for minting $FIAT, which has liquidity on Balancer Finance via our "FUD" pool. Users might exploit their bb-a-USD exposure to lock TVL for Balancer and Aura.

  • Balancer and Aura could perhaps subsidize $FIAT liquidity to enhance its capacity if this approach is effective.

  • The end state of such a scenario playing out would be:

  • Recurring TVL for Element

  • Greater interest in secondary liquidity for $FIAT

  • Locked TVL for Balancer, Aura

  • This new asset would have a six-month term starting in mid-to-late October 2022 and ending on April 24, 2023.

• Balancer Proposal; [BIP-XX] Redeem TRIBE

  • This proposal provides the opportunity for Balancer to redeem its TRIBE for stETH, LQTY, FOX, and DAI following the veBAL transaction vote.

  • Balancer DAO holds 2.8M TRIBE units in the Treasury, which can be redeemed for 308.04 stETH, 6,729.56 LQTY, 993,593.68 FOX and 189,047.55 DAI.

  • Balancer DAO's TRIBE gets an extra 6,113 DAI after a vote and token swap between Tribe DAO and Aave Companies.

  • When Aave Companies escrows 1M DAI, Tribe DAO will move it from FEI PSM to TRIBE Redeem, letting TRIBE holders can access it instantly.

  • Llama suggests that Balancer DAO redeem the complete TRIBE stake using the received funds.

  • The difference between Balance DAO redeeming now or after the extra 1M DAI deposit is 6,104 DAI.

Public Goods

• ENS Proposal; Optional Platform Source Parameter for Registar Controller

  • Slobo.eth is proposing that ENS uses back-end code to see where users are registering there ENS domains

  • Slobo’s reasoning for collecting this data is that it would be useful to lever and help grow the community

  • This would be a great way to gain visibility in the ecosystem but some of the comments suggest that this would be an opt-in program for the other sites’ like ensfairy.xyz

Creator Economy

• SuperRare Temp Check; SuperRare DAO to Sponosor Comlpexcon 2022

  • This temp check is to see whether or not SuperRare DAO should sponsor Complexcon at the cost of $50,000 USD

  • Complexcon is an art festival in Long Beach California that will span for two days

  • SuperRare is deciding whether or not to sponsor the event and how large the booth in question should be

  • This would increase the visibility of SuperRare to art enthusiasts outside of Web3 but going “overkill” on the booth might send the wrong message

• Bankless Discussion; Future of Guest Pass

  • The summary of this discussion post was well laid out so I will quote it from this point:

  • This discussion is meant for a new system for monetizing our guest pass without limiting access to our organization

  • A No Loss Subscription 2 is the ability for a potential new member to stake tokens in order to receive a guest pass NFT while allowing the DAO to perform safe yield farming strategies to monetize the staked tokens

    • Members will have the ability to redeem 100% of their stake while being able to participate in the BanklessDAO discord

    • The DAO treasury guild will be able to monetize members that are just exploring the DAO

  • Using this

Infrastructure & Tooling

• Rocket Pool Disscussion; Grants/Bounties Scoring Rubric

  • This discussion seeks to revive a certain section from RPIP-15 that creates a scoring rubric for grants/bounties/retrospective awards

  • This rubric would be created and workshopped by the community 

  • The suggested outline of the rubric is as follows:

    • Impact - (60 Points) How much of an impact will this grant/bounty bring to the DAO

    • ROI - (20 Points) What is the likelihood that this grant/bounty will bring back a return on investment

    • Feasibility - (20 Points) How feasible is it to accomplish this grant/bounty

  • This is an open discussion on the Rocket Pool forum and could use some more insight

• Pokt Proposal; Apply for DAO Grant and Recommendations

  • This is a simple proposal that is asking for 15,000 POKT ($10,500 USD) for three main website uses:

    • Three years of domain name usage fees

    • Three years of AWS costs

    • Futures will be added soon:

      • 3.1 multi-language support

      • 3.2 list all chains that POKT support