
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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Aave Proposal; Llamaxyz proposes changing Aave v2 Ethereum Liquidity Pool wETH interest rate parameters.
This proposal aims to adapt the v2 wETH interest rate curve to the v3 wETH curve to maximize reserve use and somewhat offset the diminishing weekly revenue trend.
This proposal would lower the v2 market's Slope1 parameters to 3.8% and add a 1% Base. The borrowing rate at the Upotimal point drops from 5.75% to 4.8% (Base + Slope1).
The gradient between 0% < Utilization < Uoptimal is reduced by adding a Base with a Lower Slope1 (4.8% < 5.75%) parameter.
Wildfire Stance: Wildfire backs this proposal as it utilizes v2 wETH reserve and mitigates the current weekly income decline.
Aave Proposal; [ARFC] Add wstETH to Optimism Aave v3
The stETH/wETH rewards-maximizing loop on Aave v2 drives wETH borrowing demand, and the wETH reserve yields over $281k in income in January 2023.
Users can borrow wETH and generate income for Aave by listing wstETH on Optimism.
Aave outperforms Compound in major lending markets by listing stETH.
The Aave community is helping replicate the success of the Aave v2 Ethereum Liquidity Pool by listing wstETH on Optimism.
Wildfire Stance: Wildfire stands with this proposal to Add wstETH to Optimism Aave v3
Aave Proposal; [ARC] Onboard rETH (rocket pool ETH) to Aave V3 Ethereum market
This ARC presents the community with the opportunity to add rETH to the Ethereum V3 market as a reserve.
Aave's strategic liquid staking derivative (LSD) assets can repeat stETH's performance in a risk-averse climate with V3 on mainnet's caps and emode.
Aave can increase Ethereum decentralization, ecosystem variety, and staking by decreasing liquidity concentration to one company.
Rocket Pool, the second-most liquid LSD asset in the ecosystem, might diversify Aave.
Wildfire Stance: Wildfire supports this proposal as it positively supports rETH in the Rocket Pool ecosystem.
Element Proposal; Enable the Transferability ELIF
This proposoal seeks to enable the transferability of ELFI by unlocking the voting vaults where the delegated ELFI tokens are currently locked in.
Since the ELFI tokens have been locked up for over a year, it should nw be up to the DAO to allow particpatin for all users.
The contract will be upgraded to allow all staked and delegated ELFI to be withdrawn and transferable
Wildfire Stance: Wildfire supports this proposal to allow as many supporters of Element to participate in DAO activities.
Bakless Prosposal; Season 7 Seasonal Funding
This proposal seeks to disburse 12,544,264 and 1,700 USDC in seasonal funding to Department Funding, Guild Funding, and Project Funding.
Department Funding = 2,337,761 BANK + 1,700 USDC
Operations Department = 636,763 BANK
Marketing Department = 890,000 BANK
Education Department = 435,000 BANK
Treasury Department = 375,998 BANK + 1,700 USDC
Guild Funding = 3,588,003 BANK
AV Guild = 373,000 BANK
Writers Guild = 993,000 BANK
Design Guild = 622,000 BANK
Developers Guild = 573,000 BANK
Project Management Guild = 470,000 BANK
Research Guild = 219,003 BANK
Translators Guild = 338,000 BANK
Project Funding = 6,618,500 BANK
Newsletter Team = 1,541,000 BANK
Weekly Rollup Recap = 192,000 BANK
Bankless Publishing = 320,000 BANK
Aave Proposal; Llamaxyz proposes changing Aave v2 Ethereum Liquidity Pool wETH interest rate parameters.
This proposal aims to adapt the v2 wETH interest rate curve to the v3 wETH curve to maximize reserve use and somewhat offset the diminishing weekly revenue trend.
This proposal would lower the v2 market's Slope1 parameters to 3.8% and add a 1% Base. The borrowing rate at the Upotimal point drops from 5.75% to 4.8% (Base + Slope1).
The gradient between 0% < Utilization < Uoptimal is reduced by adding a Base with a Lower Slope1 (4.8% < 5.75%) parameter.
Wildfire Stance: Wildfire backs this proposal as it utilizes v2 wETH reserve and mitigates the current weekly income decline.
Aave Proposal; [ARFC] Add wstETH to Optimism Aave v3
The stETH/wETH rewards-maximizing loop on Aave v2 drives wETH borrowing demand, and the wETH reserve yields over $281k in income in January 2023.
Users can borrow wETH and generate income for Aave by listing wstETH on Optimism.
Aave outperforms Compound in major lending markets by listing stETH.
The Aave community is helping replicate the success of the Aave v2 Ethereum Liquidity Pool by listing wstETH on Optimism.
Wildfire Stance: Wildfire stands with this proposal to Add wstETH to Optimism Aave v3
Aave Proposal; [ARC] Onboard rETH (rocket pool ETH) to Aave V3 Ethereum market
This ARC presents the community with the opportunity to add rETH to the Ethereum V3 market as a reserve.
Aave's strategic liquid staking derivative (LSD) assets can repeat stETH's performance in a risk-averse climate with V3 on mainnet's caps and emode.
Aave can increase Ethereum decentralization, ecosystem variety, and staking by decreasing liquidity concentration to one company.
Rocket Pool, the second-most liquid LSD asset in the ecosystem, might diversify Aave.
Wildfire Stance: Wildfire supports this proposal as it positively supports rETH in the Rocket Pool ecosystem.
Element Proposal; Enable the Transferability ELIF
This proposoal seeks to enable the transferability of ELFI by unlocking the voting vaults where the delegated ELFI tokens are currently locked in.
Since the ELFI tokens have been locked up for over a year, it should nw be up to the DAO to allow particpatin for all users.
The contract will be upgraded to allow all staked and delegated ELFI to be withdrawn and transferable
Wildfire Stance: Wildfire supports this proposal to allow as many supporters of Element to participate in DAO activities.
Bakless Prosposal; Season 7 Seasonal Funding
This proposal seeks to disburse 12,544,264 and 1,700 USDC in seasonal funding to Department Funding, Guild Funding, and Project Funding.
Department Funding = 2,337,761 BANK + 1,700 USDC
Operations Department = 636,763 BANK
Marketing Department = 890,000 BANK
Education Department = 435,000 BANK
Treasury Department = 375,998 BANK + 1,700 USDC
Guild Funding = 3,588,003 BANK
AV Guild = 373,000 BANK
Writers Guild = 993,000 BANK
Design Guild = 622,000 BANK
Developers Guild = 573,000 BANK
Project Management Guild = 470,000 BANK
Research Guild = 219,003 BANK
Translators Guild = 338,000 BANK
Project Funding = 6,618,500 BANK
Newsletter Team = 1,541,000 BANK
Weekly Rollup Recap = 192,000 BANK
Bankless Publishing = 320,000 BANK
Decentralized Arts = 549,000 BANK
DAOStewards = 600,000 BANK
The Rug = 1,096,500 BANK
International Media Nodes = 1,240,000 BANK
Global Events = 100,000 BANK
Wildfire Stance: Wildfire supports this proposal for funding as is. However, it would be helpful to see how the funds are used in each subset,
Decentralized Arts = 549,000 BANK
DAOStewards = 600,000 BANK
The Rug = 1,096,500 BANK
International Media Nodes = 1,240,000 BANK
Global Events = 100,000 BANK
Wildfire Stance: Wildfire supports this proposal for funding as is. However, it would be helpful to see how the funds are used in each subset,
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