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; [ARC] - Add support for BADGER on Aave V3
This proposal presents the Aave community with the opportunity to onboard BADGER onto the Aave v3 Ethereum Liquidity Pool.
Badger is a DAO that builds products and infrastructure to advance Bitcoin in Decentralized Finance across various blockchains.
The BADGER governance token boosts user returns when funds are placed into Sett Vaults.
Aave may capitalize on the first mover advantage by allowing users to deposit BADGER as collateral or borrow it to participate in governance and earn higher profits on Badger Setts.
Two Chainlink Oracles audit and support the BADGER token. Uniswap v3 and Coinbase have liquidity pools.
Audits:
Aave Proposal; ARC: Staked ATokens, A New Aave Primitive Exploring Vote-Escrow Economies
This new primitive would allow ve-based protocols' Liquidity Provider ("LP") tokens to be used as collateral in their ecosystems.
Locking LP tokens in vaults (e.g., gauges) increases incentives for Aave Protocol providers.
This proposal allows users to utilize their LP holdings as collateral and earn various incentives at a maximal rate.
Leveraged LP holdings can raise user rewards beyond 2.5x and leverage listed stablecoins' reliability.
Staking rewards might fund the Aave DAO Treasury if permitted. The Aave DAO Treasury might join the veToken economy and attract more users.
Staked ATokens' interoperability and integration of protocols increase smart contract risk. Thus, putting Staked ATokens on a separate market may offer further protection.
This ARC seeks the community to comment on the preferred implementation and begins talks on publishing a set of Balancer Pool Token ("BPT") assets.
If the DAO approves, the following modifications will be made:
Proposal in BalancerDAO to present the built implementation and ask to be listed.
Proposal in AaveDAO for listing an initial set of BPT assets based on community discussion.
Proposal in AaveDAO to deploy treasury BAL and ETH and provide an initial reward boost to Aave BPT suppliers.
Aave Proposal; [ARC] Add Support for cbETH
This proposal is to add Coinbase Wrapped Staked ETH (cbETH) to the Aave protocol on the Ethereum mainnet. cbETH is an ERC-20-compliant token on Ethereum that represents underlying staked ETH on the Coinbase platform.
Coinbase introduced cbETH to promote a more competitive liquid-staked ETH ecosystem.
Liquid-staked ETH borrowing is popular. Liquid-staked assets like cbETH are efficient collateral with rising profitability.
The cToken concept makes cbETH ERC-20 compatible and easier to connect with DeFi.
Unwrap cbETH for staked ETH and collected prizes after Coinbase staking fees and network penalties. Rewards and penalties affect Coinbase staked ETH's conversion rate.
cbETH lets Coinbase stakers sell or transfer their ETH. Uniswap, Curve, and Coinbase trade cbETH.
A cbETH security and risk assessment will be published later on this topic.
To avoid risking other protocol assets, we suggest launching cbETH on Aave v2 with an LTV of 0%.
Parameter suggestions will accompany the official risk assessment for v3 listings.
Balancer Proposal; [BIP-98] Fjord (Formerly Copper) and Balancer Exclusive Partnership
Fjord and Balancer to cooperate exclusively for LBPs.
This exclusive agreement includes ERC-20s, NFTs, and new LBP use cases.
Balancer will provide the Fjord team $500k USD (paid in BAL) and a new revenue share at the end of the present agreement to preserve long-term alignment.
The Fjord team loves our partnership with Balancer and the community and wants to expand the Balancer Protocol.
NFTs are a great conduit for new users to enter web3, and we intend to grab considerable market share as LBPs did for ERC-20s.
Fjord would want to form an exclusive collaboration with Balancer as we near the end of our revenue share arrangement. Our team will construct LBPs for ERC-20s, NFTs, and additional use cases to expand Balancer's reach.
Balancer Proposal; [BIP-100] Allocate BAL Liquidity to Silo Finance
Silo Finance requests a capital injection of 16,500 $BAL ($100,000~ at the current price) into the Silo Protocol - BAL market. The market is risk-isolated by design, ensuring depositors are not affected by contagion in other markets.
This liquidity can be removed at the behest of the BalancerDAO at any time and would provide additional revenue to the BalancerDAO treasury.
Silo Finance has been an active ecosystem participant in Balancer via Oracle Integration and providing voting incentives to veBAL holders.
Silo Finance will reciprocate the BalancerDAO’s liquidity seeding by providing $100,000 XAI into the Balancer Silo.
Silo Finance’s smart contracts are fully formally verified by Certora and have undergone audits by Quantstamp and ABDK.
Certora certified all protocol contracts, including pricing oracles, for the core team. The Silo protocol was audited by Quantstamp and ABDK.
Security reports - https://devdocs.silo.finance/security/audits-and-formal-verification
Balancer Proposal; [BIP-101] Enable tetuQi/QI Stable Pool Gauge with 2% emissions cap (Polygon)
This is a proposal to enable a Balancer gauge for the tetuQi/Qi StablePool on Polygon.
TetuQi is QiDao's locked $QI staking token.
TetuQi holders can sell their tokens by switching back to $QI and earn QiDao's equivalent staking revenue.
Since TetuSwap is constrained as a Uniswap V2 fork and Dystopia is failing on Polygon, the community wants to find a new long-term home for the liquidity pool.
When swap liquidity incentives are low, liquid staking tokens may depeg from their underlying asset.
We would like to provide the Tetu community the opportunity to direct tetuBal votes for this Stable Pool by activating the gauge and adding it to the reflection votes.
When swap liquidity incentives are low, liquid staking tokens may depeg from their underlying asset.
We would like to provide the Tetu community the opportunity to direct tetuBal votes for this Stable Pool by activating the gauge and adding it to the reflection votes.
Balancer Proposal; [BIP-102] Enable the THX/stMATIC Gauge on Polygon with 2% cap
The THX/USDC 80/20 pool and other gauges were disabled after BIP-30.
To align with the Balancer's long-term intentions and BIP-19 proposal, the THX Network DAO created a 50/50 THX/stMATIC "core pool."
The new 50/50 pool has been seeded and we kindly ask to approve the THX/stMATIC gauge.
THX Network lets companies incorporate ERC20 and ERC721 tokens in their software platforms to boost engagement and revenue.
The 80/20 THX/USDC pool, launched following the initial Liquidity Bootstrapping Pool (LBP) launch utilizing Copper on Polygon, is the main source of $THX liquidity (Dec. 2021)
0.3% of votes have gone to the 80/20 pool.
BIP19 aligns the new 50/50 THX/stMATIC pool.
Finally, our DAO has acquired $BAL and has its multisig address whitelisted for governance.
Balancer Proposal; [BIP-103] Karpatkey Balancer Treasury CU Proposal Update
This is a proposal to provide limited delegation of the Balancer treasury to Karpatkey DAO in a non-custodial, trust-minimised way.
Karpatkey, a DeFi DAO, uses industry-leading research and best-in-class infrastructure to avoid collateral liquidation and maximize capital efficiency, risk management, security, and return.
Karpatkey DAO proposes a list of permitted protocols on Balancer DAO Snapshot, which must be accepted by most token holders to allocate funds.
Once this happens, a smart contract will allowlist target addresses and transaction call data linked with such protocols, keeping funds in Balancer DAO's custody.
Thus, Balancer DAO can move or withdraw funds without Karpatkey's involvement.
Balancer DAO members could oversee our functioning on-chain and via weekly updates on the Balancer Forum.
Karpatkey suggests a Balancer DAO Treasury Core Unit (CU). We would hire full-time contributors to work with Balancer if Balancer DAO accepts this plan.
As a sign of our long-term commitment and financial alignment with Balancer, the performance fee would be charged in BAL and vested for 1 year. We will transparently hold and report on our BAL holdings.
Public Goods
ENS Disscussion; ENS Hackathons 2022
This discussion post by Slobo highlights the next couple of hackathons for ENS
ETH SF by ETH Global
Hosted in the Palace of Fine Arts November 4th - 6th
The team is asking for participants to join in on the thread if they want to join a team
Gitcoin Disscussion; Bright ID’s Aura Sybil Defense
In this discussion post Owocki overviews Bright ID’s Aura defense software system and how it can be applied to Gitcoin Passport
To quote Owocki, it works like this:
BrightID founders and other high-trust users designate users who they think are “honest” (this is the trusted seed).
Those honest users then get a unit of currency called “Energy”.
Anyone can create their own system of “trust” and it can be retroactively empowered with energy from these users too. This enables great ideas and great sybil hunters to come from anywhere.
Those users are then able to traverse the BrightID social graph (pictured below) either via the app or via the API and get rewarded with more energy for finding sybil attackers.
Creator Economy
Bankless Proposal; Grants Committee Election for S6 and S7
This proposal if for the election of the next Grant Committee
The members stepping down are:
lion917
jameswmontgomery.eth
links
0xRene
Ap0ll0517
Additionally, a member will be removed from the S6 committee for the latter half of the season which will leave a seat open
The members applying are:
senad.eth🏴#8782
Bananachain🏴#6171
Infinitehomie.eth#4930
thinkDecade🏴#718
Sprinklesforwinners#1125
tesa_fc#9745
Feems#4876
This forum post has more information on the candidates
The voting system will be weighted and the top 4 candidates will be chosen for the next two seasons and the 5th candidate will be chosen for the next season only
Infrastructure & Tooling
Rocket Pool Discussion; Switch to Linear Voting Power to Resist Attackers
This discussion post focuses on switcting to liner voting power prompted by Valdorffs comment:
“The issue with gamable quadratic isn’t whales vs minnows, it’s good whales vs evil whales. The whales willing to game the system will have faaaar more voting power (we did the math with one whale and found that it would have cost them a few hundred dollars to more than 10x their voting power by splitting across nodes).”
A solution to this problem would be giving linear voting power to the amount of $RPL staked
This would give more power to active whales and take out the power of whales who might not be completely aligned with RP’s interests
DeFi
Aave Proposal; [ARC] - Add support for BADGER on Aave V3
This proposal presents the Aave community with the opportunity to onboard BADGER onto the Aave v3 Ethereum Liquidity Pool.
Badger is a DAO that builds products and infrastructure to advance Bitcoin in Decentralized Finance across various blockchains.
The BADGER governance token boosts user returns when funds are placed into Sett Vaults.
Aave may capitalize on the first mover advantage by allowing users to deposit BADGER as collateral or borrow it to participate in governance and earn higher profits on Badger Setts.
Two Chainlink Oracles audit and support the BADGER token. Uniswap v3 and Coinbase have liquidity pools.
Audits:
Aave Proposal; ARC: Staked ATokens, A New Aave Primitive Exploring Vote-Escrow Economies
This new primitive would allow ve-based protocols' Liquidity Provider ("LP") tokens to be used as collateral in their ecosystems.
Locking LP tokens in vaults (e.g., gauges) increases incentives for Aave Protocol providers.
This proposal allows users to utilize their LP holdings as collateral and earn various incentives at a maximal rate.
Leveraged LP holdings can raise user rewards beyond 2.5x and leverage listed stablecoins' reliability.
Staking rewards might fund the Aave DAO Treasury if permitted. The Aave DAO Treasury might join the veToken economy and attract more users.
Staked ATokens' interoperability and integration of protocols increase smart contract risk. Thus, putting Staked ATokens on a separate market may offer further protection.
This ARC seeks the community to comment on the preferred implementation and begins talks on publishing a set of Balancer Pool Token ("BPT") assets.
If the DAO approves, the following modifications will be made:
Proposal in BalancerDAO to present the built implementation and ask to be listed.
Proposal in AaveDAO for listing an initial set of BPT assets based on community discussion.
Proposal in AaveDAO to deploy treasury BAL and ETH and provide an initial reward boost to Aave BPT suppliers.
Aave Proposal; [ARC] Add Support for cbETH
This proposal is to add Coinbase Wrapped Staked ETH (cbETH) to the Aave protocol on the Ethereum mainnet. cbETH is an ERC-20-compliant token on Ethereum that represents underlying staked ETH on the Coinbase platform.
Coinbase introduced cbETH to promote a more competitive liquid-staked ETH ecosystem.
Liquid-staked ETH borrowing is popular. Liquid-staked assets like cbETH are efficient collateral with rising profitability.
The cToken concept makes cbETH ERC-20 compatible and easier to connect with DeFi.
Unwrap cbETH for staked ETH and collected prizes after Coinbase staking fees and network penalties. Rewards and penalties affect Coinbase staked ETH's conversion rate.
cbETH lets Coinbase stakers sell or transfer their ETH. Uniswap, Curve, and Coinbase trade cbETH.
A cbETH security and risk assessment will be published later on this topic.
To avoid risking other protocol assets, we suggest launching cbETH on Aave v2 with an LTV of 0%.
Parameter suggestions will accompany the official risk assessment for v3 listings.
Balancer Proposal; [BIP-98] Fjord (Formerly Copper) and Balancer Exclusive Partnership
Fjord and Balancer to cooperate exclusively for LBPs.
This exclusive agreement includes ERC-20s, NFTs, and new LBP use cases.
Balancer will provide the Fjord team $500k USD (paid in BAL) and a new revenue share at the end of the present agreement to preserve long-term alignment.
The Fjord team loves our partnership with Balancer and the community and wants to expand the Balancer Protocol.
NFTs are a great conduit for new users to enter web3, and we intend to grab considerable market share as LBPs did for ERC-20s.
Fjord would want to form an exclusive collaboration with Balancer as we near the end of our revenue share arrangement. Our team will construct LBPs for ERC-20s, NFTs, and additional use cases to expand Balancer's reach.
Balancer Proposal; [BIP-100] Allocate BAL Liquidity to Silo Finance
Silo Finance requests a capital injection of 16,500 $BAL ($100,000~ at the current price) into the Silo Protocol - BAL market. The market is risk-isolated by design, ensuring depositors are not affected by contagion in other markets.
This liquidity can be removed at the behest of the BalancerDAO at any time and would provide additional revenue to the BalancerDAO treasury.
Silo Finance has been an active ecosystem participant in Balancer via Oracle Integration and providing voting incentives to veBAL holders.
Silo Finance will reciprocate the BalancerDAO’s liquidity seeding by providing $100,000 XAI into the Balancer Silo.
Silo Finance’s smart contracts are fully formally verified by Certora and have undergone audits by Quantstamp and ABDK.
Certora certified all protocol contracts, including pricing oracles, for the core team. The Silo protocol was audited by Quantstamp and ABDK.
Security reports - https://devdocs.silo.finance/security/audits-and-formal-verification
Balancer Proposal; [BIP-101] Enable tetuQi/QI Stable Pool Gauge with 2% emissions cap (Polygon)
This is a proposal to enable a Balancer gauge for the tetuQi/Qi StablePool on Polygon.
TetuQi is QiDao's locked $QI staking token.
TetuQi holders can sell their tokens by switching back to $QI and earn QiDao's equivalent staking revenue.
Since TetuSwap is constrained as a Uniswap V2 fork and Dystopia is failing on Polygon, the community wants to find a new long-term home for the liquidity pool.
When swap liquidity incentives are low, liquid staking tokens may depeg from their underlying asset.
We would like to provide the Tetu community the opportunity to direct tetuBal votes for this Stable Pool by activating the gauge and adding it to the reflection votes.
When swap liquidity incentives are low, liquid staking tokens may depeg from their underlying asset.
We would like to provide the Tetu community the opportunity to direct tetuBal votes for this Stable Pool by activating the gauge and adding it to the reflection votes.
Balancer Proposal; [BIP-102] Enable the THX/stMATIC Gauge on Polygon with 2% cap
The THX/USDC 80/20 pool and other gauges were disabled after BIP-30.
To align with the Balancer's long-term intentions and BIP-19 proposal, the THX Network DAO created a 50/50 THX/stMATIC "core pool."
The new 50/50 pool has been seeded and we kindly ask to approve the THX/stMATIC gauge.
THX Network lets companies incorporate ERC20 and ERC721 tokens in their software platforms to boost engagement and revenue.
The 80/20 THX/USDC pool, launched following the initial Liquidity Bootstrapping Pool (LBP) launch utilizing Copper on Polygon, is the main source of $THX liquidity (Dec. 2021)
0.3% of votes have gone to the 80/20 pool.
BIP19 aligns the new 50/50 THX/stMATIC pool.
Finally, our DAO has acquired $BAL and has its multisig address whitelisted for governance.
Balancer Proposal; [BIP-103] Karpatkey Balancer Treasury CU Proposal Update
This is a proposal to provide limited delegation of the Balancer treasury to Karpatkey DAO in a non-custodial, trust-minimised way.
Karpatkey, a DeFi DAO, uses industry-leading research and best-in-class infrastructure to avoid collateral liquidation and maximize capital efficiency, risk management, security, and return.
Karpatkey DAO proposes a list of permitted protocols on Balancer DAO Snapshot, which must be accepted by most token holders to allocate funds.
Once this happens, a smart contract will allowlist target addresses and transaction call data linked with such protocols, keeping funds in Balancer DAO's custody.
Thus, Balancer DAO can move or withdraw funds without Karpatkey's involvement.
Balancer DAO members could oversee our functioning on-chain and via weekly updates on the Balancer Forum.
Karpatkey suggests a Balancer DAO Treasury Core Unit (CU). We would hire full-time contributors to work with Balancer if Balancer DAO accepts this plan.
As a sign of our long-term commitment and financial alignment with Balancer, the performance fee would be charged in BAL and vested for 1 year. We will transparently hold and report on our BAL holdings.
Public Goods
ENS Disscussion; ENS Hackathons 2022
This discussion post by Slobo highlights the next couple of hackathons for ENS
ETH SF by ETH Global
Hosted in the Palace of Fine Arts November 4th - 6th
The team is asking for participants to join in on the thread if they want to join a team
Gitcoin Disscussion; Bright ID’s Aura Sybil Defense
In this discussion post Owocki overviews Bright ID’s Aura defense software system and how it can be applied to Gitcoin Passport
To quote Owocki, it works like this:
BrightID founders and other high-trust users designate users who they think are “honest” (this is the trusted seed).
Those honest users then get a unit of currency called “Energy”.
Anyone can create their own system of “trust” and it can be retroactively empowered with energy from these users too. This enables great ideas and great sybil hunters to come from anywhere.
Those users are then able to traverse the BrightID social graph (pictured below) either via the app or via the API and get rewarded with more energy for finding sybil attackers.
Creator Economy
Bankless Proposal; Grants Committee Election for S6 and S7
This proposal if for the election of the next Grant Committee
The members stepping down are:
lion917
jameswmontgomery.eth
links
0xRene
Ap0ll0517
Additionally, a member will be removed from the S6 committee for the latter half of the season which will leave a seat open
The members applying are:
senad.eth🏴#8782
Bananachain🏴#6171
Infinitehomie.eth#4930
thinkDecade🏴#718
Sprinklesforwinners#1125
tesa_fc#9745
Feems#4876
This forum post has more information on the candidates
The voting system will be weighted and the top 4 candidates will be chosen for the next two seasons and the 5th candidate will be chosen for the next season only
Infrastructure & Tooling
Rocket Pool Discussion; Switch to Linear Voting Power to Resist Attackers
This discussion post focuses on switcting to liner voting power prompted by Valdorffs comment:
“The issue with gamable quadratic isn’t whales vs minnows, it’s good whales vs evil whales. The whales willing to game the system will have faaaar more voting power (we did the math with one whale and found that it would have cost them a few hundred dollars to more than 10x their voting power by splitting across nodes).”
A solution to this problem would be giving linear voting power to the amount of $RPL staked
This would give more power to active whales and take out the power of whales who might not be completely aligned with RP’s interests
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