DeFi

• Aave Proposal; Authorise the release of Aave <> Chainlink Proof of Reserve for Aave Avalanche.

  • This proposal authorises BGD to proceed with the release of Aave <> Chainlink Proof of Reserve Phase 1, targeting Aave v2 & v3 Avalanche.

  • The Aave community also authorizes the Aave Guardian to provide protocol rights to the system's smart contracts.

  • The community's security providers (Certora and SigmaPrime) will complete their audits before releasing.

  • Wildfire Stance: Wildfire supports this proposal as it will help offer more protection and extra layer of security for Aave v2 and v3.

   

• Aave Proposal; [ARFC] Aave v3 Polygon wMATIC Interest Rate Update

  • Llama presents a proposal to amend the wMATIC interest rate parameters on the Aave Polygon v3 Liquidity Pool.

  • The wMATIC Reserve is 42.5% used with 6.61% borrowing charges. 

  • The MATIC eMode lacks economic motivation since the borrowing cost exceeds the staked MATIC receiving token yield.

  • This concept aims to boost wMATIC Reserve capital efficiency by boosting pool usage and lowering borrowing costs.

  • At the inflection point, increasing the Uoptimal parameter 20% from 45% to 65% would allow users to borrow 20% more wMATIC from the Reserve at the same rate.

  • Slope2 interest rates are 300% when usage surpasses Slope1.

  • Interest rate volatility can be reduced by lowering Slope2 from 300% to 100%.

• Wildfire Stance: Wildfire supports this proposal as amending interest rate parameters will increase capital efficiency and reduce interest rate volatility. 

• Aave Proposal; [ARFC] BAL Interest Rate Curve Upgrade

  • A proposal to amend BAL interest rate parameters on the Aave Ethereum v2, Ethereum v3 (when deployed), Polygon v3 and Polygon v2 Liquidity Pools.

  • BAL (interest rate = 28.18% on Polygon v3) is in strong demand throughout all Reserves.

  • BAL liquidity pools have low capital efficiency, with Reserve usage (48.27% on Polygon v3) at the optimal value of 45%.

  • This approach is projected to promote capital efficiency by decreasing interest rates on markets where borrowing is disabled and persuading capital to transfer to markets with high borrowing demand.

  • Users will borrow BAL to gain yield while interest rates allow, creating BAL borrowing demand. Reserves' capital efficiency will increase by changing the interest rate curve's Uoptimal parameter from 45% to 80%.

  • Wildfire Stance: Wildfire supports this proposal as amending BAL interest rates will boost capital efficiency and also generate significant revenue for the DAO.

   

• Balancer Proposal; [BIP-130] Kill FDT/WETH Gauge

  • It is wise for Balancer to remove the gauge for FDT/WETH given the announced migration of FDT to BOND.

  • This follows in the footsteps of previous proposals, such as removing the FEI/WETH gauge when TribeDAO dissolved.

  • Wildfire Stance: Wildfire supports the removal of this gauge, considering the migration of FDT to BOND.

• Balancer Proposal; [BIP-131] Pool/Factory permission granting

  • This proposal would enable the Balancer Maxis, emergency subDAO, and Blabs control multisigs to adjust settings for several pool types and factories.

  • Authorize BLabs to disable pool factories: as new pool factories are deployed, BLabs will want governance approval to deactivate earlier versions so that deprecated pools cannot be formed.

  • Authorize the Emergency subDAO to pause/unpause the latest Linear and Composable Stable pools.

  • Authorize Balancer Maxis to manage pool parameters. 

  • Wildfire Stance: Wildfire supports this proposal as it indicates that we play a key role in Balancer’s core operations.

   

• Balancer Proposal; [BIP-132] Claim SAFE tokens allocated to the DAO Multisig

  • This proposal calls for the Balancer DAO Multisig to claim SAFE tokens, deposit them in Balancer's treasury, and provide Karpatkey voting power.

  • Claiming the SAFE tokens and putting them in Balancer's treasury allows the DAO to use them for liquidity incentives, contributor rewards, and development financing. 

  • Karpatkey's management of tokens will be transparent and responsible.

  • Karpatkey's SAFE token use decisions will be subject to Balancer community scrutiny and approval.

  • Wildfire Stance: Wildfire supports Balancer claiming the SAFE Tokens and delegating to Karpatkey.

• Balancer Proposal; [BIP - 133] Enable BRZ-jBRL Stable Pool Gauge with a 2% cap (Polygon)

  • Enable a Balancer gauge for the BRZ - jBRL stable pool (coined 2brl) on Polygon.

  • Jarvis Network is a decentralized financial ecosystem of protocols and apps. Its initial protocol, Synthereum, permits borrowing and trading synthetic fiat currency (jFIATs) over different EVM-compatible networks.

  • Transfero Group is an international financial solutions company. It connects emerging countries to the global market with a blockchain-based financial solutions platform.

  • 2brl pool's purpose is to:

    • Increase the stability of BRZ

      • The on-chain liquidity of both BRZ and jBRL 

        • Connect the Transfero and Jarvis ecosystems

  • The 2brl pool will be the significant arbitrage route and use case route. It will be our first step into Balancer's ecosystem.

  • Wildfire Stance: Wildfire supports the addition of this gauge as they are an essential part of the Balancer ecosystem.

   

• Balancer Proposal; [BIP - 134] Enable BRZ-jBRL - bb-am-usd 50/50 Pool Gauge with a 2% cap (Polygon)

  • Enable a Balancer gauge for the 2brl - bb-am-usd on Polygon.

  • This pool connects the 2brl pool, jBRL, and BRZ to the Balancer liquidity and routes all "external" swaps through the bb-am-usd pool to boost its natural yield.

  • This will increase our "on-chain Forex infrastructure"—our protocol and all the secondary markets' liquidity pools—capital efficiency.

  • Wildfire Stance: Wildfire supports the addition of this gauge as they are an essential part of the Balancer ecosystem.

   

• Balancer Proposal; [BIP-135] Grant BLabs authorization to set arbitrum bridging fees.

  • Arbitrum root gauges include internal parameters for linking Mainnet BAL incentives to Arbitrum liquidity gauges.

  • This proposal grants the BLabs Ops Multisig the ability to manage those parameters to tailor them to network circumstances.

  • Wildfire Stance: Wildfire supports this proposal because it offers BLabs the responsibility to set Arbitrum bridging costs based on network conditions.

• Balancer Proposal; [BIP-137] Enable bb-a-TUSD / bb-a-USD Gauge [Ethereum]

  • This pool employs the composable stable pool factory and contains two boosted stable pool tokens, Balancer's AAVE and True USD's AAVE.

  • TrueUSD has deployed liquidity using Balancer on mainnet and polygon, making this more efficient.

  • Balancer protocol will yield on both enhanced sections of this pool, making token pairing more efficient for both sides.

  • Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.

  • Balancer benefits from gauges' healthy competition, as more projects are interested in using this innovation each week. 

  • Wildfire Stance: Gauges play a crucial role in the Balancer ecosystem, and supporting this proposal expands it and adds another gauge made up of stable assets.

• Balancer Proposal; [BIP-138] Enable bb-a-FRAX / bb-a-USDC Gauge [Ethereum]

  • This pool employs the composable stable pool factory and contains Balancer's AAVE-enhanced USDC and Frax's AAVE-boosted token.

  • With the sfrxETH stable pool launched a few weeks ago, Frax has become more visible in Balancer's ecosystem.

  • Balancer protocol will yield on both enhanced sections of this pool, making token pairing more efficient for both sides.

  • Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.

  • Wildfire Stance: Gauges play a crucial role in the Balancer ecosystem, and supporting this proposal expands the ecosystem.

   

• Balancer Proposal; [BIP-139] Update Emergency subDAO Permissions

  • This is for three kinds of permissions per network: 

    • enableRecoveryMode()for Pools, which allows proportionate pool exits at the cost of protocol costs. 

    • denylistToken()prevents protocol fee withdrawer token withdrawals.

    • disable()to shutdown pool factories.

  • Wildfire Stance: Wildfire supporting these emergency permissions will show that we play a role in the day to day operations of Balancer.

Creator Economy

• Bankless Proposal; Delegate SAFE tokens to DAOstewards.eth

  • This proposal seeks to delegate 78,600 SAFE tokens to daostewards.eth.

  • The reason for this proposal is to drive voting activity in BanklessDAO.

  • The DAOstewards delegation comprises 5 members @Jengajojo @gruad @thinkDecade @links @link @senad.eth as members who are vetted DAO governance participants.

  • Wildfire Stance: Wildfire support this proposal to delegate the SAFE tokens to daostewards.eth because we believe it would have a positive impact on the voting activity in the DAO and overall participation.

Infrastructure & Tooling

• Pokt Proposal; dApp Referal Program

  • This proposal is seeking 3,000,000 $POKT (~$22,000) for referral programs to help incentives the demand side of Pocket’s marketplace for two quarters.

  • The structure of the program can be quoted as: “We are proposing an ongoing 5% referral reward (in POKT) paid quarterly for referrers, and a 5% monthly discount (in FIAT) for dApps through the first 12 months of continuous service.”

  • Eligibility requirements (dApplications)

    • Minimum daily relays: 500,000

    • Minimum staking period: 3 months

    • Must be a new client

    • Unique applications only

    • Quality of traffic will be verified (no bot activity)

    • Applications cannot receive a discount more than 1x

  • Eligibility requirements (Referrers)

    • Must have a Portal account and POKT Wallet address

    • No direct sales (only Pocket Portal sign-ups will be honored)

    • Cannot use personal referral links for owned applications

  • Wildfire Stance: Wildfire supports this proposal and believes that it has the potential to drive demand in the marketplace. However, a 5% referral and a discount might not be high enough to drive the program as wanted.

DeFi

• Aave Proposal; Authorise the release of Aave <> Chainlink Proof of Reserve for Aave Avalanche.

  • This proposal authorises BGD to proceed with the release of Aave <> Chainlink Proof of Reserve Phase 1, targeting Aave v2 & v3 Avalanche.

  • The Aave community also authorizes the Aave Guardian to provide protocol rights to the system's smart contracts.

  • The community's security providers (Certora and SigmaPrime) will complete their audits before releasing.

  • Wildfire Stance: Wildfire supports this proposal as it will help offer more protection and extra layer of security for Aave v2 and v3.

   

• Aave Proposal; [ARFC] Aave v3 Polygon wMATIC Interest Rate Update

  • Llama presents a proposal to amend the wMATIC interest rate parameters on the Aave Polygon v3 Liquidity Pool.

  • The wMATIC Reserve is 42.5% used with 6.61% borrowing charges. 

  • The MATIC eMode lacks economic motivation since the borrowing cost exceeds the staked MATIC receiving token yield.

  • This concept aims to boost wMATIC Reserve capital efficiency by boosting pool usage and lowering borrowing costs.

  • At the inflection point, increasing the Uoptimal parameter 20% from 45% to 65% would allow users to borrow 20% more wMATIC from the Reserve at the same rate.

  • Slope2 interest rates are 300% when usage surpasses Slope1.

  • Interest rate volatility can be reduced by lowering Slope2 from 300% to 100%.

• Wildfire Stance: Wildfire supports this proposal as amending interest rate parameters will increase capital efficiency and reduce interest rate volatility. 

• Aave Proposal; [ARFC] BAL Interest Rate Curve Upgrade

  • A proposal to amend BAL interest rate parameters on the Aave Ethereum v2, Ethereum v3 (when deployed), Polygon v3 and Polygon v2 Liquidity Pools.

  • BAL (interest rate = 28.18% on Polygon v3) is in strong demand throughout all Reserves.

  • BAL liquidity pools have low capital efficiency, with Reserve usage (48.27% on Polygon v3) at the optimal value of 45%.

  • This approach is projected to promote capital efficiency by decreasing interest rates on markets where borrowing is disabled and persuading capital to transfer to markets with high borrowing demand.

  • Users will borrow BAL to gain yield while interest rates allow, creating BAL borrowing demand. Reserves' capital efficiency will increase by changing the interest rate curve's Uoptimal parameter from 45% to 80%.

  • Wildfire Stance: Wildfire supports this proposal as amending BAL interest rates will boost capital efficiency and also generate significant revenue for the DAO.

   

• Balancer Proposal; [BIP-130] Kill FDT/WETH Gauge

  • It is wise for Balancer to remove the gauge for FDT/WETH given the announced migration of FDT to BOND.

  • This follows in the footsteps of previous proposals, such as removing the FEI/WETH gauge when TribeDAO dissolved.

  • Wildfire Stance: Wildfire supports the removal of this gauge, considering the migration of FDT to BOND.

• Balancer Proposal; [BIP-131] Pool/Factory permission granting

  • This proposal would enable the Balancer Maxis, emergency subDAO, and Blabs control multisigs to adjust settings for several pool types and factories.

  • Authorize BLabs to disable pool factories: as new pool factories are deployed, BLabs will want governance approval to deactivate earlier versions so that deprecated pools cannot be formed.

  • Authorize the Emergency subDAO to pause/unpause the latest Linear and Composable Stable pools.

  • Authorize Balancer Maxis to manage pool parameters. 

  • Wildfire Stance: Wildfire supports this proposal as it indicates that we play a key role in Balancer’s core operations.

   

• Balancer Proposal; [BIP-132] Claim SAFE tokens allocated to the DAO Multisig

  • This proposal calls for the Balancer DAO Multisig to claim SAFE tokens, deposit them in Balancer's treasury, and provide Karpatkey voting power.

  • Claiming the SAFE tokens and putting them in Balancer's treasury allows the DAO to use them for liquidity incentives, contributor rewards, and development financing. 

  • Karpatkey's management of tokens will be transparent and responsible.

  • Karpatkey's SAFE token use decisions will be subject to Balancer community scrutiny and approval.

  • Wildfire Stance: Wildfire supports Balancer claiming the SAFE Tokens and delegating to Karpatkey.

• Balancer Proposal; [BIP - 133] Enable BRZ-jBRL Stable Pool Gauge with a 2% cap (Polygon)

  • Enable a Balancer gauge for the BRZ - jBRL stable pool (coined 2brl) on Polygon.

  • Jarvis Network is a decentralized financial ecosystem of protocols and apps. Its initial protocol, Synthereum, permits borrowing and trading synthetic fiat currency (jFIATs) over different EVM-compatible networks.

  • Transfero Group is an international financial solutions company. It connects emerging countries to the global market with a blockchain-based financial solutions platform.

  • 2brl pool's purpose is to:

    • Increase the stability of BRZ

      • The on-chain liquidity of both BRZ and jBRL 

        • Connect the Transfero and Jarvis ecosystems

  • The 2brl pool will be the significant arbitrage route and use case route. It will be our first step into Balancer's ecosystem.

  • Wildfire Stance: Wildfire supports the addition of this gauge as they are an essential part of the Balancer ecosystem.

   

• Balancer Proposal; [BIP - 134] Enable BRZ-jBRL - bb-am-usd 50/50 Pool Gauge with a 2% cap (Polygon)

  • Enable a Balancer gauge for the 2brl - bb-am-usd on Polygon.

  • This pool connects the 2brl pool, jBRL, and BRZ to the Balancer liquidity and routes all "external" swaps through the bb-am-usd pool to boost its natural yield.

  • This will increase our "on-chain Forex infrastructure"—our protocol and all the secondary markets' liquidity pools—capital efficiency.

  • Wildfire Stance: Wildfire supports the addition of this gauge as they are an essential part of the Balancer ecosystem.

   

• Balancer Proposal; [BIP-135] Grant BLabs authorization to set arbitrum bridging fees.

  • Arbitrum root gauges include internal parameters for linking Mainnet BAL incentives to Arbitrum liquidity gauges.

  • This proposal grants the BLabs Ops Multisig the ability to manage those parameters to tailor them to network circumstances.

  • Wildfire Stance: Wildfire supports this proposal because it offers BLabs the responsibility to set Arbitrum bridging costs based on network conditions.

• Balancer Proposal; [BIP-137] Enable bb-a-TUSD / bb-a-USD Gauge [Ethereum]

  • This pool employs the composable stable pool factory and contains two boosted stable pool tokens, Balancer's AAVE and True USD's AAVE.

  • TrueUSD has deployed liquidity using Balancer on mainnet and polygon, making this more efficient.

  • Balancer protocol will yield on both enhanced sections of this pool, making token pairing more efficient for both sides.

  • Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.

  • Balancer benefits from gauges' healthy competition, as more projects are interested in using this innovation each week. 

  • Wildfire Stance: Gauges play a crucial role in the Balancer ecosystem, and supporting this proposal expands it and adds another gauge made up of stable assets.

• Balancer Proposal; [BIP-138] Enable bb-a-FRAX / bb-a-USDC Gauge [Ethereum]

  • This pool employs the composable stable pool factory and contains Balancer's AAVE-enhanced USDC and Frax's AAVE-boosted token.

  • With the sfrxETH stable pool launched a few weeks ago, Frax has become more visible in Balancer's ecosystem.

  • Balancer protocol will yield on both enhanced sections of this pool, making token pairing more efficient for both sides.

  • Under BIP-19, this gauge would become a "core pool" and employ protocol fees to buy votes.

  • Wildfire Stance: Gauges play a crucial role in the Balancer ecosystem, and supporting this proposal expands the ecosystem.

   

• Balancer Proposal; [BIP-139] Update Emergency subDAO Permissions

  • This is for three kinds of permissions per network: 

    • enableRecoveryMode()for Pools, which allows proportionate pool exits at the cost of protocol costs. 

    • denylistToken()prevents protocol fee withdrawer token withdrawals.

    • disable()to shutdown pool factories.

  • Wildfire Stance: Wildfire supporting these emergency permissions will show that we play a role in the day to day operations of Balancer.

Creator Economy

• Bankless Proposal; Delegate SAFE tokens to DAOstewards.eth

  • This proposal seeks to delegate 78,600 SAFE tokens to daostewards.eth.

  • The reason for this proposal is to drive voting activity in BanklessDAO.

  • The DAOstewards delegation comprises 5 members @Jengajojo @gruad @thinkDecade @links @link @senad.eth as members who are vetted DAO governance participants.

  • Wildfire Stance: Wildfire support this proposal to delegate the SAFE tokens to daostewards.eth because we believe it would have a positive impact on the voting activity in the DAO and overall participation.

Infrastructure & Tooling

• Pokt Proposal; dApp Referal Program

  • This proposal is seeking 3,000,000 $POKT (~$22,000) for referral programs to help incentives the demand side of Pocket’s marketplace for two quarters.

  • The structure of the program can be quoted as: “We are proposing an ongoing 5% referral reward (in POKT) paid quarterly for referrers, and a 5% monthly discount (in FIAT) for dApps through the first 12 months of continuous service.”

  • Eligibility requirements (dApplications)

    • Minimum daily relays: 500,000

    • Minimum staking period: 3 months

    • Must be a new client

    • Unique applications only

    • Quality of traffic will be verified (no bot activity)

    • Applications cannot receive a discount more than 1x

  • Eligibility requirements (Referrers)

    • Must have a Portal account and POKT Wallet address

    • No direct sales (only Pocket Portal sign-ups will be honored)

    • Cannot use personal referral links for owned applications

  • Wildfire Stance: Wildfire supports this proposal and believes that it has the potential to drive demand in the marketplace. However, a 5% referral and a discount might not be high enough to drive the program as wanted.