# Wildfire Gov Update 3/7/23 By [Wildfiredao.eth](https://paragraph.com/@wildfiredao) · 2023-03-08 --- ### DeFi * [Aave Proposal](https://snapshot.org/#/aave.eth/proposal/0xe394799e4d006c15e0cb13155701de495888b7e7dad8f917a6b5dd1c8106cea5); \[ARFC\] Add BAL Ethereum v3 * This proposal presents Aave the opportunity to onboard BAL to the Ethereum v3 Liquidity Pool. * BAL is valuable for Aave, and earnings from the BAL pool can be used to promote GHO and the new aToken by AaveCompanies. * BAL's risk requirements match Gauntlet's initial discussion regarding assets to onboard to v3 Ethereum, and the community may vote on each asset individually before final approval via an on-chain AIP vote. * Aave v3 has listed BAL as a priority due to the strategic relationship between Aave and Balancer. * Aave has completed a token swap with Balancer and purchased an additional 100,000 BAL via a swap contract. * The potential use cases for veBAL are numerous in supporting the growth of Aave, and Balancer DAO is a significant provider of liquidity on Ethereum and Polygon v3. * **Wildfire Stance:** Wildfire supports this proposal because it ensures the growth of the Aave community and provides liquidity also. * [Aave Proposal](https://snapshot.org/#/aave.eth/proposal/0xc63da6ee5a15c4bb6db7f9352c7b029d8206bcebca96aff1c7d26ec11b95a253); \[ARFC\] Add CRV to Ethereum v3 * This proposal allows Aave to onboard CRV to the Ethereum v3 Liquidity Pool. * CRV is a valuable asset for Aave and can be used to create veCRV to adopt GHO and incentivize the Safety Module. * The risk parameters for CRV are the same as those provided by Gauntlet for other assets considered for v3 Ethereum. * Assets are being presented individually to the community for consideration, with Snapshots determining how to proceed and approved assets grouped for on-chain voting. * **Wildfire Stance:** Wildfire supports this proposal because CRV's addition will benefit tAave both now and in the long term. * [Balancer Proposal](https://snapshot.org/#/balancer.eth/proposal/0x57f02f64642850765653465d62d0d856e3064327a76c0160ab0ddc12ad288387)[;](https://discuss.ens.domains/t/new-reddit-integration-in-beta-has-room-ethereum-development/14996) \[BIP-174\] Enable wUSDR-USDC Gauge with a 2% Emission Cap \[Ethereum\] * Real USD (USDR) is a stablecoin backed by tokenized Real Estate. * It yields 8-10% and was created by Tangible, a RWA tokenization protocol. * Real USD governance is governed by locked TNGBL token holders. * They have their own oracles for properties but are working with Chainlink to get set up for true property valuations. * The Real Estate is managed by Tangible Custody, which collects rent and converts it to USDC. * Real USD has not lost its peg since launch and can be a good source of long-term revenue for Balancer. * **Wildfire Stance:** Real Estate usually generates a reliable return, but it still carries some level of risk. Wildfire is happy to support this proposal. * [Balancer Proposal](https://snapshot.org/#/balancer.eth/proposal/0x46754cfd060b8f02d236813a9bf7900b86a43cfc1f26595814817da78a678536)[;](https://discuss.ens.domains/t/new-reddit-integration-in-beta-has-room-ethereum-development/14996) \[BIP-178\] Enable bb-euler-USD Gauge \[Ethereum\] * Euler is a lending protocol that allows users to borrow and lend digital assets. * The platform offers yield-bearing sources for stablecoins such as USDC, DAI, and USDT. * These stablecoins are backed by dollars and are issued by Circle, MakerDAO, and Tether. * Balancer is focused on dominating the yield-bearing token space and improving capital efficiency. * Linear and boosted pool architecture allows for better trading routes and sustainable liquidity options for providers. * The partnership with Euler is one of many boosted pool options available to users as part of a great migration. * **Wildfire Stance:** Wildfire endorses this proposal as it presents enhanced trading paths and viable pool choices, granting liquidity providers better avenues to allocate their investments. * [Balancer Proposal](https://snapshot.org/#/balancer.eth/proposal/0xee92dae72fbba73d5c5d24e00ee242cccb5e0898aa8ced9e8f1f499f527c4bea)[;](https://discuss.ens.domains/t/new-reddit-integration-in-beta-has-room-ethereum-development/14996) \[BIP-204\] Enable bb-ag WBTC/WETH/USD Gauge \[Gnosis\] * The pool uses the WeightedPoolFactory-v3 and is composed of 2 linear pools and a boosted pool. * The underlying tokens are WBTC, WETH, USDC, USDT, and DAI, which will be wrapped through Agave's lending market to earn LPs additional yield. * The gauge will enter as a "core pool" under BIP-19, meaning protocol fees earned by this pool will be used to bribe for votes on it. * Agave is a direct fork of Aave's money market, built to bring Defi to Gnosis Chain for lower fees to participate overall. * The pool's motivation is to support major pairs on Balancer with Gnosis, position Balancer as a pillar in the ecosystem for trade aggregation, and drive liquidity depth on Gnosis Chain. * The boosted APR yield will persist for users organically and kickstart a flywheel for incentives to drive net positive growth for Balancer and LPs on the network. * **Wildfire Stance:** Wildfire is happy to support this gauge as it benefits the wider BAL community. ### Public Goods * [ENS TempCheck;](https://discuss.ens.domains/t/temp-check-ens-token-2nd-airdrop/16071) ENS Token 2nd Airdrop * This TempCheck proposes a second airdrop for the 5.4 million tokens that went back into the ENS treasury after the first airdrop * The benefits of this token drop could reinvigorate current users and potentially reach new users who missed the first airdrop and are unable to vote on proposals. * The date when a user would have to register the ENS domain shall be agreed upon by the DAO and the execution of the airdrop shall be performed by the ENS DAO. * **Wildfire Stance:** Wildfire agrees that new users should have a chance to receive ENS tokens and be able to participate in the ENS governance. * [Gitcoin Tempcheck](https://gov.gitcoin.co/t/should-we-increase-quorum/13031); Should We Increase the Quorum? * In order for a proposal to succeed, a minimum of 2.5 million GTC must participate in the vote. Any changes to quorum requirements must be ratified by the community * Considering that this would only take a few delegates to pass a vote, on a slow week when a small number of people are paying attention to proposals a few delegates could pass malicious proposals. * **Wildfire Stance:** Wildfire stands behind increasing the voting quorum to help increase participation and take the potential power out of the hands of a few. ### Creator Economy * [Bankless TempCheck](https://forum.bankless.community/t/swapping-banklessdao-multi-signers-temp-check/5210); Swapping BanklessDAO Multi-Signers * This TempCheck’s purpose is to check the community sentiment on swapping out the BanklessDAO multi-sig signers. * Multi-sig signers were elected in S1 and never changed. 5/7 multi-sig signers are currently inactive. * Some of the proposed new guidelines for new signers such as: * must be a L2 contributor with at least 1 year contribution at bDAO. * must have held a leadership role in the DAO (i.e. coordinator, champion, GC). * must have experience with multi-sigs. * **Wildfire Stance:** Wildfire strongly agrees with this Tempcheck becauce it would allow more active members to step into a multi-signer position and set a standard of participation. * --- *Originally published on [Wildfiredao.eth](https://paragraph.com/@wildfiredao/wildfire-gov-update-3-7-23)*