
Wildfire 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...

Wildfire 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 ...

Wildfire 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...

Wildfire 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...

Wildfire 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 ...

Wildfire 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] Polygon and Avalanche v2 -> v3 Treasury Migration
This ARC presents the community with the opportunity to migrate our v2 Collector holdings from Avalanche and Polygon to the v3 Treasury holdings.
The proposal will:
Redeem all aTokens held in v2 Collector Contracts and deposit the amounts to gain yield.
Upgrade v2 aToken to transmit future income to v3 Treasury Contracts.
These two activities will transition all current Collector Contract liquidity to v3 and consolidate Treasury Contracts on the Polygon and Avalanche networks to a single address.
Aave DAO is one of the leading liquidity contributors to the Polygon and Avalanche v2 Liquidity Pools, with collector holdings comprising 3% and 5% of all supply.
The DAO should convert from v2 to v3 liquidity pools early, so it's not one of the last suppliers to outmoded deployments.
With v3 giving more security and the DAO prepared to deprecate v2 markets, the DAO can be a first mover in shifting to v3 Liquidity Pools.
When the proposal passes, Llama will develop an AIP to update the Polygon and Avalanche v2 Liquidity Pools:
Transfer all Collector Contract-controlled assets from v2 Liquidity Pools to v3 Reserves.
Migrate v2 Collectors' assets to v3 Treasury Contracts.
Upgrade aToken to send v2 Collector Contract Revenue to v3 Treasury Contracts.
Aave Proposal; Helping Aave Think Through RWAs
Goldfinch is transforming the $1T+ global private debt industry by offering cost-effective crypto loans to credit funds and FinTechs.
Goldfinch gives crypto lenders access to loan arrangements collateralized with real-world assets.
With GHO, Aave will have a censorship-resistant, fully collateralized USD stablecoin.
Real-World Assets [RWAs] help the protocol both:
Diversify stablecoin collateral beyond crypto leverage.
Leverage assets outside crypto to grow GHO into a global stablecoin.
Our goal is to help Aave navigate this new asset class and create a strategy for the DAO to access the RWA opportunity while mitigating associated risks.
Aave Proposal; [ARC] Discussion: V2 -> V3 Migration & V2 Deprecation
This ARC helps the community migrate funds from legacy V2 markets to newer, more secure V3 markets.
The proposal tries to achieve this by changing the Reserve Factor of the different aTokens supported on Aave V3.
Adjusting the reserve factor will reduce depositors' yield, prompting them to relocate collateral and raise borrower rates.
The DAO will earn more revenue as its take rate from the generated interest of the market is increased.
V3 increases capital efficiency for users and offers a variety of new risk management features to help the DAO securely operate the largest multichain DeFi contract system.
The DAO provides various techniques to facilitate user migration, but the authors recommend two:
Reserve Factor adjustment: Reserve Factor (RF) is the percentage of borrowers' interest paid to DAO reserves. It regulates the difference between the Supply APR and Borrow APR.
Safety Module coverage: The safety module is Aave DAO's secondary backup (after treasury money) for market shortfalls.
This proposal is a call for debate. All stakeholders are welcome to weigh in on the migration and deprecation of V2 marketplaces.
After more community conversation, a formal specification and vote section will be created and voted on.
The authors advise the community to propose encouraging V2 to V3 users. We encourage the community to build/fund migration tools (ideally via Grants DAO).
Aave Proposal; [ARC] Integrate Coinbase Pay into the Aave app
The purpose of this proposal is to add Coinbase Pay as an additional onramp option within the Aave V2 and V3 UIs.
Aave users must link a self-custodial wallet to the app and fund it with cryptocurrencies to offer liquidity to the protocol.
Wallet funding with different onramp providers involves numerous KYC processes. This causes user friction and mistakes.
Coinbase users can sign in to Coinbase by clicking the Coinbase Pay button on aave.com.
Once signed in, customers may use their saved payment method to acquire crypto or move some of their crypto balance to an Aave wallet.
The Aave community would gain:
Aave customers may buy 200+ cryptocurrencies using 60+ fiat currencies in 90+ countries.
Aave users may reduce time by using current Coinbase KYC and stored payment methods.
Aave's flexibility: Fiat payment methods of Aave users are safely stored in their Coinbase Accounts.
Element Proposal; EGP-17: Phase 1: GSC Compensation
"EGP-# Phase 1: GSC Pay" intends to encourage GSC members to join the DAO with ELFI compensation while outlining their duties and responsibilities.
We are working on a more detailed definition of the GSC's job and duties. Stepping stones are a good approach to ease the GSC into a more active position in the DAO.
With incentives, GSC involvement and openness will increase. Long-term, make the move to more active participation in the DAO smoother.
Element Proposal; EGP-18: Introduce Push Protocol Notifications for ElementFi Governance.
Introduce Push Protocol Notifications to provide a direct engagement channel to increase participation in Governance.
We suggest integrating Element Finance's Governance front with Push Protocol Notifications.
Decentralized Push Protocol alerts connect Element Finance with users.
Users may receive alerts and act immediately. These alerts alert users to new proposals, voting deadlines, and voting outcomes.
Balancer Proposal; [BIP-107] Retire TEMPLE/DAI & Enable TEMPLE/bb-a-USD 50/50 Gauge w/10% emissions cap [Ethereum]
This proposal is to add a new veBAL gauge for the TEMPLE/bb-a-USD 50/50 weighted pool and deprecate the current TEMPLE/DAI 80/20 weighted pool on Ethereum.
TEMPLE is a low-volatility coin focused on price stability and Treasury farming.
We want to connect Balancer's stablecoin bb-a-USD with TEMPLE in a 50/50 pool for deep liquidity and easy routing.
A new bb-a-USD trading pair would bring considerable TEMPLE trading volume to the Balancer platform and indirectly push more liquidity to bb-a-USD.
TempleDAO wants to participate in Balancer governance because we love the technology and share a goal of minimizing price volatility, deep liquidity, and customisable asset exposure.
A bb-a-USD pool makes buying TEMPLE tokens with stablecoins other than FRAX simpler.
Balancer Proposal; [BIP-108] Enable SD/MaticX 80/20 Gauge with 2% emissions cap (Polygon)
This is a proposal to enable a Balancer gauge for the 80% SD - 20% MaticX pool on Polygon.
Stader Labs' protocol token is SD. SD token holders will get a part of protocol revenue once staking starts.
Stader uses SD tokens to reward users on Polygon, hence we aim to develop liquidity for SD on Balancer, our largest market.
Stader recommends an 80% SD - 20% MaticX pool on Balancer for Polygon's SD.
The MaticX-Matic pool is part of the core group of pools that get a % of fees as direct bribes from the Balancer DAO to ensure good liquidity in a yield-bearing pool.
If Balancer enables the gauge, this pool might become the dominant source of SD liquidity on Polygon, helped by the 80% SD concentration.
Balancer Proposal; [BIP-109] Whitelist Aragon Gnosis Safe for Balancer's VotingEscrow
This proposals aims to receive community support for whitelisting Aragon's multisig wallet address on Ethereum, to lock Aragon's "B-80BAL-20WETH LP" position into veBAL.
Aragon provides governance and DAO infrastructure for over 1300 web3 applications.
As Aragon transitions to a DAO at the end of the year, it wants to use its resources to participate in the meta-governance of web3 projects like Balancer.
This proposal is risk-free.
Balancer Proposal; [BIP-110] Enable T/WETH 80/20 Gauge w/2% emissions cap [Ethereum]
Whitelist for veBAL voting WETH-T Pool Gauge w/2% emissions cap
Threshold provides a suite of threshold cryptography primitives for data privacy, access restrictions, condition-based encryption, and cross-chain asset bridges.
The tBTCv2 bridge will deploy on Threshold. tBTCv2 is a decentralized Bitcoin bridge that allows BTC holders to participate in DeFi on Ethereum.
A future tBTCv2 Balancer pool will let us use idle BTC that has never participated in DeFi.
Balancer is the second largest source of token liquidity after Curve, and we expect arbitragers to expand trade in both pools.
Balancer Proposal; [BIP-111] Index Coop x Balancer DAO Partnership
Index Coop is proposing a partnership with Balancer DAO that includes fee split arrangements, a token swap, and veBAL gauges.
Index Coop leads on-chain structured goods. With over 90% of on-chain indexes, we've seen crypto's patterns and cycles firsthand.
The Index Coop team wants to deliver Balancer to custodians, TradFi data providers, crypto intermediaries, DeFi money markets, on-chain aggregators, and wallet interfaces.
Index Coop is proposing:
Product fee splits
OTC token swap
Enable veBAL gauges on select products
DeFi
Aave Proposal; [ARC] Polygon and Avalanche v2 -> v3 Treasury Migration
This ARC presents the community with the opportunity to migrate our v2 Collector holdings from Avalanche and Polygon to the v3 Treasury holdings.
The proposal will:
Redeem all aTokens held in v2 Collector Contracts and deposit the amounts to gain yield.
Upgrade v2 aToken to transmit future income to v3 Treasury Contracts.
These two activities will transition all current Collector Contract liquidity to v3 and consolidate Treasury Contracts on the Polygon and Avalanche networks to a single address.
Aave DAO is one of the leading liquidity contributors to the Polygon and Avalanche v2 Liquidity Pools, with collector holdings comprising 3% and 5% of all supply.
The DAO should convert from v2 to v3 liquidity pools early, so it's not one of the last suppliers to outmoded deployments.
With v3 giving more security and the DAO prepared to deprecate v2 markets, the DAO can be a first mover in shifting to v3 Liquidity Pools.
When the proposal passes, Llama will develop an AIP to update the Polygon and Avalanche v2 Liquidity Pools:
Transfer all Collector Contract-controlled assets from v2 Liquidity Pools to v3 Reserves.
Migrate v2 Collectors' assets to v3 Treasury Contracts.
Upgrade aToken to send v2 Collector Contract Revenue to v3 Treasury Contracts.
Aave Proposal; Helping Aave Think Through RWAs
Goldfinch is transforming the $1T+ global private debt industry by offering cost-effective crypto loans to credit funds and FinTechs.
Goldfinch gives crypto lenders access to loan arrangements collateralized with real-world assets.
With GHO, Aave will have a censorship-resistant, fully collateralized USD stablecoin.
Real-World Assets [RWAs] help the protocol both:
Diversify stablecoin collateral beyond crypto leverage.
Leverage assets outside crypto to grow GHO into a global stablecoin.
Our goal is to help Aave navigate this new asset class and create a strategy for the DAO to access the RWA opportunity while mitigating associated risks.
Aave Proposal; [ARC] Discussion: V2 -> V3 Migration & V2 Deprecation
This ARC helps the community migrate funds from legacy V2 markets to newer, more secure V3 markets.
The proposal tries to achieve this by changing the Reserve Factor of the different aTokens supported on Aave V3.
Adjusting the reserve factor will reduce depositors' yield, prompting them to relocate collateral and raise borrower rates.
The DAO will earn more revenue as its take rate from the generated interest of the market is increased.
V3 increases capital efficiency for users and offers a variety of new risk management features to help the DAO securely operate the largest multichain DeFi contract system.
The DAO provides various techniques to facilitate user migration, but the authors recommend two:
Reserve Factor adjustment: Reserve Factor (RF) is the percentage of borrowers' interest paid to DAO reserves. It regulates the difference between the Supply APR and Borrow APR.
Safety Module coverage: The safety module is Aave DAO's secondary backup (after treasury money) for market shortfalls.
This proposal is a call for debate. All stakeholders are welcome to weigh in on the migration and deprecation of V2 marketplaces.
After more community conversation, a formal specification and vote section will be created and voted on.
The authors advise the community to propose encouraging V2 to V3 users. We encourage the community to build/fund migration tools (ideally via Grants DAO).
Aave Proposal; [ARC] Integrate Coinbase Pay into the Aave app
The purpose of this proposal is to add Coinbase Pay as an additional onramp option within the Aave V2 and V3 UIs.
Aave users must link a self-custodial wallet to the app and fund it with cryptocurrencies to offer liquidity to the protocol.
Wallet funding with different onramp providers involves numerous KYC processes. This causes user friction and mistakes.
Coinbase users can sign in to Coinbase by clicking the Coinbase Pay button on aave.com.
Once signed in, customers may use their saved payment method to acquire crypto or move some of their crypto balance to an Aave wallet.
The Aave community would gain:
Aave customers may buy 200+ cryptocurrencies using 60+ fiat currencies in 90+ countries.
Aave users may reduce time by using current Coinbase KYC and stored payment methods.
Aave's flexibility: Fiat payment methods of Aave users are safely stored in their Coinbase Accounts.
Element Proposal; EGP-17: Phase 1: GSC Compensation
"EGP-# Phase 1: GSC Pay" intends to encourage GSC members to join the DAO with ELFI compensation while outlining their duties and responsibilities.
We are working on a more detailed definition of the GSC's job and duties. Stepping stones are a good approach to ease the GSC into a more active position in the DAO.
With incentives, GSC involvement and openness will increase. Long-term, make the move to more active participation in the DAO smoother.
Element Proposal; EGP-18: Introduce Push Protocol Notifications for ElementFi Governance.
Introduce Push Protocol Notifications to provide a direct engagement channel to increase participation in Governance.
We suggest integrating Element Finance's Governance front with Push Protocol Notifications.
Decentralized Push Protocol alerts connect Element Finance with users.
Users may receive alerts and act immediately. These alerts alert users to new proposals, voting deadlines, and voting outcomes.
Balancer Proposal; [BIP-107] Retire TEMPLE/DAI & Enable TEMPLE/bb-a-USD 50/50 Gauge w/10% emissions cap [Ethereum]
This proposal is to add a new veBAL gauge for the TEMPLE/bb-a-USD 50/50 weighted pool and deprecate the current TEMPLE/DAI 80/20 weighted pool on Ethereum.
TEMPLE is a low-volatility coin focused on price stability and Treasury farming.
We want to connect Balancer's stablecoin bb-a-USD with TEMPLE in a 50/50 pool for deep liquidity and easy routing.
A new bb-a-USD trading pair would bring considerable TEMPLE trading volume to the Balancer platform and indirectly push more liquidity to bb-a-USD.
TempleDAO wants to participate in Balancer governance because we love the technology and share a goal of minimizing price volatility, deep liquidity, and customisable asset exposure.
A bb-a-USD pool makes buying TEMPLE tokens with stablecoins other than FRAX simpler.
Balancer Proposal; [BIP-108] Enable SD/MaticX 80/20 Gauge with 2% emissions cap (Polygon)
This is a proposal to enable a Balancer gauge for the 80% SD - 20% MaticX pool on Polygon.
Stader Labs' protocol token is SD. SD token holders will get a part of protocol revenue once staking starts.
Stader uses SD tokens to reward users on Polygon, hence we aim to develop liquidity for SD on Balancer, our largest market.
Stader recommends an 80% SD - 20% MaticX pool on Balancer for Polygon's SD.
The MaticX-Matic pool is part of the core group of pools that get a % of fees as direct bribes from the Balancer DAO to ensure good liquidity in a yield-bearing pool.
If Balancer enables the gauge, this pool might become the dominant source of SD liquidity on Polygon, helped by the 80% SD concentration.
Balancer Proposal; [BIP-109] Whitelist Aragon Gnosis Safe for Balancer's VotingEscrow
This proposals aims to receive community support for whitelisting Aragon's multisig wallet address on Ethereum, to lock Aragon's "B-80BAL-20WETH LP" position into veBAL.
Aragon provides governance and DAO infrastructure for over 1300 web3 applications.
As Aragon transitions to a DAO at the end of the year, it wants to use its resources to participate in the meta-governance of web3 projects like Balancer.
This proposal is risk-free.
Balancer Proposal; [BIP-110] Enable T/WETH 80/20 Gauge w/2% emissions cap [Ethereum]
Whitelist for veBAL voting WETH-T Pool Gauge w/2% emissions cap
Threshold provides a suite of threshold cryptography primitives for data privacy, access restrictions, condition-based encryption, and cross-chain asset bridges.
The tBTCv2 bridge will deploy on Threshold. tBTCv2 is a decentralized Bitcoin bridge that allows BTC holders to participate in DeFi on Ethereum.
A future tBTCv2 Balancer pool will let us use idle BTC that has never participated in DeFi.
Balancer is the second largest source of token liquidity after Curve, and we expect arbitragers to expand trade in both pools.
Balancer Proposal; [BIP-111] Index Coop x Balancer DAO Partnership
Index Coop is proposing a partnership with Balancer DAO that includes fee split arrangements, a token swap, and veBAL gauges.
Index Coop leads on-chain structured goods. With over 90% of on-chain indexes, we've seen crypto's patterns and cycles firsthand.
The Index Coop team wants to deliver Balancer to custodians, TradFi data providers, crypto intermediaries, DeFi money markets, on-chain aggregators, and wallet interfaces.
Index Coop is proposing:
Product fee splits
OTC token swap
Enable veBAL gauges on select products
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