DeFi

• Aave Proposal; BGD. Aave IPFS UI. Improving state management

  • Blockchain front-end apps like Aave IPFS are unique in the JS environment, so we are working on describing specific difficulties and finding solutions to make it performant and simpler to maintain.

  • Although using React best practices, the present Aave IPFS user interface has flaws.

    • Its heavy use of context makes separating visual and business logic difficult.

    • Business logic is mainly in the context's provider files, making file splitting difficult.

    • Combining many actions is only possible by triggering React state changes and re-renders.

  • Our solution was to explore recent React state management techniques and see if we could design a basic architecture with little effort.

    • The global store is segregated from component states, so you may choose just a piece to prevent re-rendering while getting unseen data.

    • We need a mechanism to link numerous ones.

    • Minimalist boilerplate, quick onboarding. The solution should be generic so that we may use library documents and instructional materials.

  • We've done a PR to transfer the bulk of Aave's pool, governance, and staking business logic to zustand while exposing the same APIs to the rest of the app.

  • This strategy allows parallel contributions without massive PRs and conflicts.

• Aave Proposal; [ARC]: Implementing a GHO Backstop for Aave

  • B.Protocol proposes Aave DAO incorporate a user-based backstop for GHO as GHO development continues.

  • This will provide safer and more robust liquidation techniques to assure peg stability for less liquid collaterals and volatile markets.

  • The backstop allows GHO investors and community members to shield Aave from bad debt while boosting GHO and profiting from liquidations.

  • We believe a GHO backstop will allow the listing of less liquid collaterals and create higher faith in a new stable to hold under extreme market conditions.

  • GHO holders must be enticed to deposit GHO in the backstop pool. We recommend 2 incentives for back stoppers:

    • Give backstop pool depositors $3m at 5% APY for a $60m pool.

    • Use the backstop to reduce GHO's interest rates. bGHO holders can get a lower GHO interest rate identical to stkAAVE holders (with different parameters as the community will decide).

  • Upon a positive feedback signal from the community to support this proposal and the desired mechanism to encourage GHO back stoppers, B.Protocol will make the development efforts for this integration.

• Aave Proposal; [ARC] stMATIC Emission_Admin for Polygon v3 Liquidity Pool

  • @llamaxyz proposed assigning the stMATIC Emission_Admin role on the Aave v3 Polygon Liquidity Pool to a Gnosis Safe controlled by the Polygon Foundation.

  • The Polygon Foundation team plans to provide stMATIC incentives on Polygon Aave v3.

  • To do this, the EmissionManager contract must designate an owner to the Emission Admin permission for stMATIC incentives to be distributed.

  • The Polygon Foundation staff will select stMATIC prize emission rate and duration.

  • This will be influenced by Aave DAO's ability to adjust wMATIC and stMATIC risk parameters, which allow users to leverage the stMATIC / wMATIC loop.

  • Emission Admin is not confined to a Reserve and is related to the Liquidity Pool token. 

  • Emission Admin may distribute LDO throughout Aave v3 Polygon Liquidity Pool.

• Element Proposal; EGP Introduce Push Protocol Notifications for ElementFi Governance.

  • Introduce Push Protocol Notifications to provide a direct engagement channel to increase participation in Governance.

  • Decentralized notifications using Push Protocol enable a direct line of communication between Element Finance and users.

  • Users may receive alerts and act immediately. These alerts alert users to new proposals, voting deadlines, and voting outcomes.

  • Users will receive summaries of ideas up for vote and can reply quickly.

  • It works for ad-hoc announcements, new feature releases, maintenance windows, and more.

  • Sending notifications for Governance proposals will assist increase Governance involvement and keep project stakeholders informed of Governance decisions.

• Element Proposal; GSR - Element Finance (ELFI) Market-Making Proposal

  • GSR proposes an official market-making partnership with the Element Finance DAO to provide liquidity for the ELFI token upon launch.

  • The following proposal introduces GSR, outlines a market-making agreement for the ELFI token, and seeks community approval to:

    • GSR should be an ELFI token market maker.

      • Give GSR 1,000,000 ELFI tokens for market-making from the Element Finance DAO treasury. The token loan will be due in full before market-making begins to sustain liquidity.

• Balancer Proposal; [RFC] Balancer Smart Vaults Fee Collector

  • This proposal is to provide Balancer DAO with an automated way to collect the fees that the protocol has earned from its different layers and convert and bridge them if needed.

  • Mimic is a platform that automates (and/or delegates) DeFi access in a safe and non-custodial fashion.

  • Mimic replaces and speeds up manual and centralized processes while tracking every.

  • Our solution automates how Balancer DAO receives and distributes protocol fees. To do this, Mimic will deploy three Balancer DAO Smart Vaults, one on each tier.

  • All Smart Vaults can only collect fees after reaching a predetermined USDC amount. Polygon and Arbitrum Smart Vaults will connect USDC and BAL biweekly. 

  • An authorized manager can withdraw the tokens from Mainnet Smart Vault and bribe the DAO and veBAL holders.

  • The DAO always controls all three Smart Vault assets. It can rescind authorization to perform an action or withdraw assets at any time.

  • Mimic will charge 2% of Smart Vault assets, with a 5K USD ceiling every execution period (two weeks).

  • Balancer DAO will govern its Smart Vaults and deposited money. This implies Balancer DAO can withdraw at any time.

  • Mimic or anyone else will only control those monies once Balancer DAO approves.

  • If Balancer DAO accepts the suggested investment strategies and automated activities, setting up three Smart Vaults shouldn't take more than a month.

  • After that, we'll arrange a configuration audit before deployment, which should take two weeks.

Public Goods

• Gitcoin Proposal; S16 - Gitcoin Product Collective Budget

  • This is a proposal for the ratification of the budget for the GPC team.

  • This proposal seeks 647,464 GTC or $1,100,689 based on the day-moving average.

  • GPC just recently merged with the Moonshot Collective 3, consolidating the software teams into one team and keeping the budget relatively flat compared to S15

  • GPC’s focus is now 100% on launching the Grants Protocol with the DAO’s recent commitment to replace GR16 2 with an alpha round on the protocol.

  •  GPC will also focus Gitcoin Passport integration and refining the product as a whole.

• Gitcoin Proposal; S16 - Public Goods Funding Budget

  • This proposal seeks funding ratification for Public Goods in the amount of $868,750.

  • The increase to the budget came from a developer relations budget for: 

    • Protocol launch success

    • A new senior hire

    • Retreat for core Web3 ecosystem community leaders

• Gitcoin Proposal; S16 - DAO Operations Budget

  • This proposal seeks funding ratification for DAO Operations in the amount of $348,260.

Creator Economy

• Bankless Proposal; Season 6 Funding, Final Budget Items

  • This proposal seeks funding for Season 6 in the amount of 12,202,000 BANK and 1,700 USDC.

  • These funds will be distributed to:

    • Coordinape = 4,500,000 BANK

    • Grants Committee Allocation = 702,000 BANK

    • Grants Committee Project Fund = 7,000,000 BANK

    • Treasury Department = 1,700 USDC

Infrastructure & Tooling

• Pokt Proposal; Get a Grip

  • This proposal seeks funding of $5,000 a month from the DAO treasury to create a team to help develop a proposal.

  • The team will be consisted of:

    • Technical Specialist

    • Economic Specialist 

    • Editor

    • Graphic Artist

  • The motivation behind this proposal is to make the proposal process easier and increase the overall likelihood of proposal adoption.

  • The motivation for this is also to spot any economical and technical flaws that might come through the pipeline.

  • The new way that a proposal will be submitted must be sent to the pre-proposal review committee and which they will pass through it and give edits before a proposal can be submitted to the public.

DeFi

• Aave Proposal; BGD. Aave IPFS UI. Improving state management

  • Blockchain front-end apps like Aave IPFS are unique in the JS environment, so we are working on describing specific difficulties and finding solutions to make it performant and simpler to maintain.

  • Although using React best practices, the present Aave IPFS user interface has flaws.

    • Its heavy use of context makes separating visual and business logic difficult.

    • Business logic is mainly in the context's provider files, making file splitting difficult.

    • Combining many actions is only possible by triggering React state changes and re-renders.

  • Our solution was to explore recent React state management techniques and see if we could design a basic architecture with little effort.

    • The global store is segregated from component states, so you may choose just a piece to prevent re-rendering while getting unseen data.

    • We need a mechanism to link numerous ones.

    • Minimalist boilerplate, quick onboarding. The solution should be generic so that we may use library documents and instructional materials.

  • We've done a PR to transfer the bulk of Aave's pool, governance, and staking business logic to zustand while exposing the same APIs to the rest of the app.

  • This strategy allows parallel contributions without massive PRs and conflicts.

• Aave Proposal; [ARC]: Implementing a GHO Backstop for Aave

  • B.Protocol proposes Aave DAO incorporate a user-based backstop for GHO as GHO development continues.

  • This will provide safer and more robust liquidation techniques to assure peg stability for less liquid collaterals and volatile markets.

  • The backstop allows GHO investors and community members to shield Aave from bad debt while boosting GHO and profiting from liquidations.

  • We believe a GHO backstop will allow the listing of less liquid collaterals and create higher faith in a new stable to hold under extreme market conditions.

  • GHO holders must be enticed to deposit GHO in the backstop pool. We recommend 2 incentives for back stoppers:

    • Give backstop pool depositors $3m at 5% APY for a $60m pool.

    • Use the backstop to reduce GHO's interest rates. bGHO holders can get a lower GHO interest rate identical to stkAAVE holders (with different parameters as the community will decide).

  • Upon a positive feedback signal from the community to support this proposal and the desired mechanism to encourage GHO back stoppers, B.Protocol will make the development efforts for this integration.

• Aave Proposal; [ARC] stMATIC Emission_Admin for Polygon v3 Liquidity Pool

  • @llamaxyz proposed assigning the stMATIC Emission_Admin role on the Aave v3 Polygon Liquidity Pool to a Gnosis Safe controlled by the Polygon Foundation.

  • The Polygon Foundation team plans to provide stMATIC incentives on Polygon Aave v3.

  • To do this, the EmissionManager contract must designate an owner to the Emission Admin permission for stMATIC incentives to be distributed.

  • The Polygon Foundation staff will select stMATIC prize emission rate and duration.

  • This will be influenced by Aave DAO's ability to adjust wMATIC and stMATIC risk parameters, which allow users to leverage the stMATIC / wMATIC loop.

  • Emission Admin is not confined to a Reserve and is related to the Liquidity Pool token. 

  • Emission Admin may distribute LDO throughout Aave v3 Polygon Liquidity Pool.

• Element Proposal; EGP Introduce Push Protocol Notifications for ElementFi Governance.

  • Introduce Push Protocol Notifications to provide a direct engagement channel to increase participation in Governance.

  • Decentralized notifications using Push Protocol enable a direct line of communication between Element Finance and users.

  • Users may receive alerts and act immediately. These alerts alert users to new proposals, voting deadlines, and voting outcomes.

  • Users will receive summaries of ideas up for vote and can reply quickly.

  • It works for ad-hoc announcements, new feature releases, maintenance windows, and more.

  • Sending notifications for Governance proposals will assist increase Governance involvement and keep project stakeholders informed of Governance decisions.

• Element Proposal; GSR - Element Finance (ELFI) Market-Making Proposal

  • GSR proposes an official market-making partnership with the Element Finance DAO to provide liquidity for the ELFI token upon launch.

  • The following proposal introduces GSR, outlines a market-making agreement for the ELFI token, and seeks community approval to:

    • GSR should be an ELFI token market maker.

      • Give GSR 1,000,000 ELFI tokens for market-making from the Element Finance DAO treasury. The token loan will be due in full before market-making begins to sustain liquidity.

• Balancer Proposal; [RFC] Balancer Smart Vaults Fee Collector

  • This proposal is to provide Balancer DAO with an automated way to collect the fees that the protocol has earned from its different layers and convert and bridge them if needed.

  • Mimic is a platform that automates (and/or delegates) DeFi access in a safe and non-custodial fashion.

  • Mimic replaces and speeds up manual and centralized processes while tracking every.

  • Our solution automates how Balancer DAO receives and distributes protocol fees. To do this, Mimic will deploy three Balancer DAO Smart Vaults, one on each tier.

  • All Smart Vaults can only collect fees after reaching a predetermined USDC amount. Polygon and Arbitrum Smart Vaults will connect USDC and BAL biweekly. 

  • An authorized manager can withdraw the tokens from Mainnet Smart Vault and bribe the DAO and veBAL holders.

  • The DAO always controls all three Smart Vault assets. It can rescind authorization to perform an action or withdraw assets at any time.

  • Mimic will charge 2% of Smart Vault assets, with a 5K USD ceiling every execution period (two weeks).

  • Balancer DAO will govern its Smart Vaults and deposited money. This implies Balancer DAO can withdraw at any time.

  • Mimic or anyone else will only control those monies once Balancer DAO approves.

  • If Balancer DAO accepts the suggested investment strategies and automated activities, setting up three Smart Vaults shouldn't take more than a month.

  • After that, we'll arrange a configuration audit before deployment, which should take two weeks.

Public Goods

• Gitcoin Proposal; S16 - Gitcoin Product Collective Budget

  • This is a proposal for the ratification of the budget for the GPC team.

  • This proposal seeks 647,464 GTC or $1,100,689 based on the day-moving average.

  • GPC just recently merged with the Moonshot Collective 3, consolidating the software teams into one team and keeping the budget relatively flat compared to S15

  • GPC’s focus is now 100% on launching the Grants Protocol with the DAO’s recent commitment to replace GR16 2 with an alpha round on the protocol.

  •  GPC will also focus Gitcoin Passport integration and refining the product as a whole.

• Gitcoin Proposal; S16 - Public Goods Funding Budget

  • This proposal seeks funding ratification for Public Goods in the amount of $868,750.

  • The increase to the budget came from a developer relations budget for: 

    • Protocol launch success

    • A new senior hire

    • Retreat for core Web3 ecosystem community leaders

• Gitcoin Proposal; S16 - DAO Operations Budget

  • This proposal seeks funding ratification for DAO Operations in the amount of $348,260.

Creator Economy

• Bankless Proposal; Season 6 Funding, Final Budget Items

  • This proposal seeks funding for Season 6 in the amount of 12,202,000 BANK and 1,700 USDC.

  • These funds will be distributed to:

    • Coordinape = 4,500,000 BANK

    • Grants Committee Allocation = 702,000 BANK

    • Grants Committee Project Fund = 7,000,000 BANK

    • Treasury Department = 1,700 USDC

Infrastructure & Tooling

• Pokt Proposal; Get a Grip

  • This proposal seeks funding of $5,000 a month from the DAO treasury to create a team to help develop a proposal.

  • The team will be consisted of:

    • Technical Specialist

    • Economic Specialist 

    • Editor

    • Graphic Artist

  • The motivation behind this proposal is to make the proposal process easier and increase the overall likelihood of proposal adoption.

  • The motivation for this is also to spot any economical and technical flaws that might come through the pipeline.

  • The new way that a proposal will be submitted must be sent to the pre-proposal review committee and which they will pass through it and give edits before a proposal can be submitted to the public.