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; [Temp Check] Add Support for cbETH for Aave V3
This proposal is to add Coinbase Wrapped Staked ETH (cbETH) to the Aave protocol on Ethereum mainnet.
Demand for liquid-staked ETH loans is high. Liquid-staked assets like cbETH are efficient collateral with rising profitability.
With mature volumes, cbETH integration would allow Coinbase ETH stakers to borrow against their locked holdings while still earning rewards.
Retail consumers that discover Aave through Coinbase and own the cbETH token may join the Aave ecosystem. These new clients may utilize Aave regularly.
Aave Proposal; [ARC] V3 Supply Cap Recommendations for Uncapped Assets (Fast-track)
Chaos Labs proposes supply limitations for unbounded v3 assets. This proposal follows this fast-track supply cap increase method.
It’s important to note that these are initial supply caps for these assets and will be iterated upon.
All chain asset suggestions consider:
Asset Market Cap
Asset Counter Party Risk
Asset Volume
Asset Liquidity (DEX and CEX based)
Historical Liquidations in times of high volatility
Aave Proposal; Risk Parameter Updates for Aave V3 AVAX 2022-11-23
A proposal to make parameter changes on Aave V3 AVAX.
We suggest the following borrow caps for the Aave V3 AVAX Market. Borrow caps protect high-risk attack vectors without losing capital efficiency.
Our simulations suggest that these assets' borrow limitations decrease market manipulation while permitting organic borrow demand.
We can gradually raise caps as these marketplaces expand:
FRAX borrow_cap: 2,000,000
MAI borrow_cap: 2,000,000
LINK borrow_cap: 220,000
Element Proposal; Reconsidering EGP-5
This proposal aims to clarify the implementation of EGP-5’s retroactive airdrop and cease its incentives.
Motivation:
Lack of effectiveness: EGP-5 needed to broaden distribution, keep TVL, and draw new customers. The incentive scheme has yet to be publicized, so it's unclear how it will attract new customers.
Unclear Implementation: Side-channel debates have arisen around EGP-5's token distribution criteria. The DAO's integrity is in danger if an incentive program continues without a distribution proposal.
Better Alternatives: To properly incentivise these users, ELFI might be issued to YT holders continuously or upon maturity. This would increase Element's local asset demand and long-term involvement.
Specification:
Clarified Implementation of EGP-5: From April 29th through October 29th, liquidity providers will get 5479 ELFI based on their share of Element's TVL across all pools (denominated in USD). Wallets' accumulated ELFI will be airdropped.
Cease EGP-5 Incentivization: EGP-5 calls the incentivization an "experimental measure" with no end date. The DAO should officially vote on whether to maintain EGP-5's incentivization policy.
Discuss and Propose Alternate Incentivization Strategies: Incentivization tactics can increase and maintain users, but they must be carefully applied. The community is encouraged to comment on and suggest strategies.
Element Proposal; Speed up Element Safes with Den
Onboard Element's Safes (formerly Gnosis Safes) onto Den to provide a faster and more precise signing experience.
We suggest Den onboarding Element's Safes. Den speeds up Safes' security. The closed beta supports 150 teams.
Operations happen in a DAO Safe. Today's default Safe UI works; however, it has several problems. These includes:
Timely signing
Ensuring complicated transactions operate properly
Constructing new transactions
Community Safe(s) transparency
Den reduces these issues. Den's Discord alerts keep signers informed of pending transactions and provide the community with a clear image of DAOs safe.
Den's transaction signing page clarifies complicated transactions. Den's Safes transactions will soon be simpler.
Balancer Proposal; [BIP-113] Adjust Balancer Snapshot for AIP-17
This BIP proposes that Balancer remove vlAURA from its Snapshot voting strategy.
Remove the aura-balance-of-vlaura-vebal strategy from Balancer Snapshot voting.
To execute a meta-snapshot, extend all Balancer Snapshot votes by 24 hours. This guarantees Balancer governance ends in all time zones during the week.
AURA requests that this BIP migrate to Snapshot for the voting round.
Public Goods
ENS Discussion; Routine DAO Treasury Management
This discussion post overviews the process of setting up a functional flow of funds for the working capital that is required to run the ENS DAO.
ENS will now convert its treasury funds from ETH to stable coins with the excess going to the endowment.
The specifications of this process are as follows:
A new mutlisig that will be controlled by the DAO is made the owner of the ETH registrar
Zodiac roles are set up to automate the process
The automated process will convert ETH into $16M USD while sending the remaining to the endowment
More in-depth specifications on this process can be found in the discussion post
Gitcoin Proposal; V2 of the Steward Council
Currently, there is an election being held for one position in each workstream. This means 5 out of 15 candidates will be chosen, each workstream currently has 3 nominations.
One of the nominees for the DAOops workstream is an operator in Wildfire DAO, Epowell, who has been an operator with Wildfire since its inception.
Through the last year of working with Epowell he has shown immense patience, wisdom, creativity, malleability, and an outstanding work ethic. Wildfire would love nothing more than to endorse him as he runs for a steward position as he will bring a new and efficient perspective to the DAO.
Creator Economy
Super Rare Discussion; Issues and Solutions for Space Race
This post goes over 5 issues with possible solutions attached
Issue #1 - Some proposals that were whitelisted were poorly written
Solution - Set transparent standards for proposals that are going to be whitelisted
Issue #2 - Conflict of interest when it came to proposing their own spaces or spaces they have ownership in
Solution- Set strict rules for participation in a Space
Issue #3 - Voting is hidden
Solution- Make voting transparent
Issue #4 - RARE tokens can be easily bought for the sole purpose of a vote and immediately sold
Solution- Soul-bound tokens or staking RARE for voting (like they do in Rocket Pool DAO)
Issue #5 - The voting mechanism is linear which leaves the power to the whales
Solution- Quadratic Voting
Bankless Discussion; What Bankless Should Focus On
This discussion post touches on the fact that BanklessDAO has been decreasing participation while shifting its main focus on tokenomics.
DeFi
Aave Proposal; [Temp Check] Add Support for cbETH for Aave V3
This proposal is to add Coinbase Wrapped Staked ETH (cbETH) to the Aave protocol on Ethereum mainnet.
Demand for liquid-staked ETH loans is high. Liquid-staked assets like cbETH are efficient collateral with rising profitability.
With mature volumes, cbETH integration would allow Coinbase ETH stakers to borrow against their locked holdings while still earning rewards.
Retail consumers that discover Aave through Coinbase and own the cbETH token may join the Aave ecosystem. These new clients may utilize Aave regularly.
Aave Proposal; [ARC] V3 Supply Cap Recommendations for Uncapped Assets (Fast-track)
Chaos Labs proposes supply limitations for unbounded v3 assets. This proposal follows this fast-track supply cap increase method.
It’s important to note that these are initial supply caps for these assets and will be iterated upon.
All chain asset suggestions consider:
Asset Market Cap
Asset Counter Party Risk
Asset Volume
Asset Liquidity (DEX and CEX based)
Historical Liquidations in times of high volatility
Aave Proposal; Risk Parameter Updates for Aave V3 AVAX 2022-11-23
A proposal to make parameter changes on Aave V3 AVAX.
We suggest the following borrow caps for the Aave V3 AVAX Market. Borrow caps protect high-risk attack vectors without losing capital efficiency.
Our simulations suggest that these assets' borrow limitations decrease market manipulation while permitting organic borrow demand.
We can gradually raise caps as these marketplaces expand:
FRAX borrow_cap: 2,000,000
MAI borrow_cap: 2,000,000
LINK borrow_cap: 220,000
Element Proposal; Reconsidering EGP-5
This proposal aims to clarify the implementation of EGP-5’s retroactive airdrop and cease its incentives.
Motivation:
Lack of effectiveness: EGP-5 needed to broaden distribution, keep TVL, and draw new customers. The incentive scheme has yet to be publicized, so it's unclear how it will attract new customers.
Unclear Implementation: Side-channel debates have arisen around EGP-5's token distribution criteria. The DAO's integrity is in danger if an incentive program continues without a distribution proposal.
Better Alternatives: To properly incentivise these users, ELFI might be issued to YT holders continuously or upon maturity. This would increase Element's local asset demand and long-term involvement.
Specification:
Clarified Implementation of EGP-5: From April 29th through October 29th, liquidity providers will get 5479 ELFI based on their share of Element's TVL across all pools (denominated in USD). Wallets' accumulated ELFI will be airdropped.
Cease EGP-5 Incentivization: EGP-5 calls the incentivization an "experimental measure" with no end date. The DAO should officially vote on whether to maintain EGP-5's incentivization policy.
Discuss and Propose Alternate Incentivization Strategies: Incentivization tactics can increase and maintain users, but they must be carefully applied. The community is encouraged to comment on and suggest strategies.
Element Proposal; Speed up Element Safes with Den
Onboard Element's Safes (formerly Gnosis Safes) onto Den to provide a faster and more precise signing experience.
We suggest Den onboarding Element's Safes. Den speeds up Safes' security. The closed beta supports 150 teams.
Operations happen in a DAO Safe. Today's default Safe UI works; however, it has several problems. These includes:
Timely signing
Ensuring complicated transactions operate properly
Constructing new transactions
Community Safe(s) transparency
Den reduces these issues. Den's Discord alerts keep signers informed of pending transactions and provide the community with a clear image of DAOs safe.
Den's transaction signing page clarifies complicated transactions. Den's Safes transactions will soon be simpler.
Balancer Proposal; [BIP-113] Adjust Balancer Snapshot for AIP-17
This BIP proposes that Balancer remove vlAURA from its Snapshot voting strategy.
Remove the aura-balance-of-vlaura-vebal strategy from Balancer Snapshot voting.
To execute a meta-snapshot, extend all Balancer Snapshot votes by 24 hours. This guarantees Balancer governance ends in all time zones during the week.
AURA requests that this BIP migrate to Snapshot for the voting round.
Public Goods
ENS Discussion; Routine DAO Treasury Management
This discussion post overviews the process of setting up a functional flow of funds for the working capital that is required to run the ENS DAO.
ENS will now convert its treasury funds from ETH to stable coins with the excess going to the endowment.
The specifications of this process are as follows:
A new mutlisig that will be controlled by the DAO is made the owner of the ETH registrar
Zodiac roles are set up to automate the process
The automated process will convert ETH into $16M USD while sending the remaining to the endowment
More in-depth specifications on this process can be found in the discussion post
Gitcoin Proposal; V2 of the Steward Council
Currently, there is an election being held for one position in each workstream. This means 5 out of 15 candidates will be chosen, each workstream currently has 3 nominations.
One of the nominees for the DAOops workstream is an operator in Wildfire DAO, Epowell, who has been an operator with Wildfire since its inception.
Through the last year of working with Epowell he has shown immense patience, wisdom, creativity, malleability, and an outstanding work ethic. Wildfire would love nothing more than to endorse him as he runs for a steward position as he will bring a new and efficient perspective to the DAO.
Creator Economy
Super Rare Discussion; Issues and Solutions for Space Race
This post goes over 5 issues with possible solutions attached
Issue #1 - Some proposals that were whitelisted were poorly written
Solution - Set transparent standards for proposals that are going to be whitelisted
Issue #2 - Conflict of interest when it came to proposing their own spaces or spaces they have ownership in
Solution- Set strict rules for participation in a Space
Issue #3 - Voting is hidden
Solution- Make voting transparent
Issue #4 - RARE tokens can be easily bought for the sole purpose of a vote and immediately sold
Solution- Soul-bound tokens or staking RARE for voting (like they do in Rocket Pool DAO)
Issue #5 - The voting mechanism is linear which leaves the power to the whales
Solution- Quadratic Voting
Bankless Discussion; What Bankless Should Focus On
This discussion post touches on the fact that BanklessDAO has been decreasing participation while shifting its main focus on tokenomics.
The author of this post does agree that tokenomics are a top priority for a DAO like bankless but it is taking away from Bankless’s initial mission which was to onboard non-native web3 users.
A path that the author sees Bankless going on is more of an incubator path which can be helpful to the web3 ecosystem but does not 100% align with the initial mission.
The author of this post does agree that tokenomics are a top priority for a DAO like bankless but it is taking away from Bankless’s initial mission which was to onboard non-native web3 users.
A path that the author sees Bankless going on is more of an incubator path which can be helpful to the web3 ecosystem but does not 100% align with the initial mission.
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