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...
Subscribe to Wildfiredao.eth
Subscribe to Wildfiredao.eth
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
DeFi
Aave Proposal; ARC: Extend the Safety Module Protection to Aave V2 Polygon
As smart contracts have been extensively battle-tested, this ARC proposes to extend the Safety Module (SM) protection to V2 markets.
Users of Aave are safeguarded by The Safety Module, a $700 million risk mitigation pool holding. It is a distinctive method within DeFi that increases borrowing capacity while giving users security. The SM only currently addresses the Aave V2 Ethereum market. Because of this, not every user in the V2 marketplaces has the same amount of risk mitigation.
New markets are initially not covered by SM protection since they are riskier when they first begin. Most of the V2 markets in use today have undergone considerable battle testing and have been producing collections for the Ave DAO; hence, they appear suitable for SM protection.
Aave Proposal; ARC: Add support for BTC.b (Native Bitcoin bridged to Avalanche)
This is an application to list BTC.b as security. The abridged version of Bitcoin from the Avalanche Bitcoin bridge is known as BTC.b.
The Avalanche Bridge has established itself as a key component of the community's infrastructure by delivering a cutting-edge security architecture that makes use of Intel SGX technology to usher in a new era of bridge technology. The Bitcoin bridge will give users a direct on-ramp to and exit from the Bitcoin network and give Bitcoin users the opportunity to take part in DeFi. It is a quick, simple, and secure process.
Aave Proposal; ARC: Extend the Safety Module Protection to Aave V2 Arc
One of DeFi's biggest risk-mitigation pools is the Safety Module. This pool was created to safeguard Aave users from any potential market shortfalls. New markets are initially not covered by the SM because they carry more risk.
The dangers are greatly reduced when a market has been operational and put through its paces for a few months, though. Additionally, listed assets today follow a rigorous listing process that is consistent across markets and is based on the Aave Risk Framework 2.
Aave Proposal; ARC: Extend the Safety Module Protection to Aave V2 Avalanche
One of DeFi's biggest risk-mitigation pools is the Safety Module. This pool was created to safeguard Aave users from any potential market shortfalls. New markets are initially not covered by the SM because they carry more risk.
The dangers are greatly reduced when a market has been operational and put through its paces for a few months, though. Additionally, listed assets today follow a rigorous listing process that is consistent across markets and is based on the Aave Risk Framework 2.
Aave Proposal; Greenlight for GHO
The DAO is considering Aave Companies' proposal to introduce GHO, which was described in this original proposal. Users will be able to mint GHO using their provided collaterals after GHO is published on the Aave Protocol, subject to community approval.
Users have access to a diverse range of crypto-assets against which to mint GHO. As with all other borrow transactions on the Aave Protocol, GHO borrowers will continue to receive interest payments on the underlying provided collateral.
In the event that it is accepted, the introduction of GHO will benefit the community via the AaveDAO by sending all interest payments on GHO borrowings to the DAO. GHO will be managed by Aave governance if approved and implemented via an AIP.
Element Proposal; Enable Temporary Protocol Incentives for Liquidity Providers
Considering only short-term incentive program before allowing ELFI transferability In order to maintain liquidity in the protocol when Element's vaults start to expire, it is becoming more and more essential to reward rollover.
We suggest distributing 1 percent of the entire ELFI supply over the course of six months among all vaults. This results in an annual emission rate of 2%.
Even after the airdrop snapshot announcement, the individuals LPing in such vaults continued to use and support the protocol without receiving any compensation. We suggest rewarding them for their time spent in the vault by emitting energy at the same pace. With this plan, users would start receiving rewards at a daily proportional rate with the expiration of the April 29th vaults.
Element Proposal; EGP-7: Bootstrap Workstream
In order to achieve full operational capabilities, the bootstrap work stream's goal is to temporarily non-formally initialize focused governance contributions. There is no systematic procedure in place right now for people to actively contribute to the DAO.
The authors think that until the workstream is prepared to switch to a more formal structure, there should be a temporary workstream to encourage the DAO to become active and accomplish the necessary tasks.
The fact that ELFI tokens only serve as voting tokens at the present and have no current liquid monetary value is a major factor.
Balancer Proposal; [BIP-34] Enable the 50/50 RBW/wETH Gauge on Polygon
The governance token for the web3 game Crypto Unicorns on Polygon is called Rainbow Tokens (RBW). RBW is used as a token in both the game and the governance. The expanding Crypto Unicorns community has established itself on Polygon and is currently ranked #2 in Polygon's all-time list on OpenSea.
The official exchange and liquidity source is the pool that is split 50/50 between RBW and wETH. In order to boost capital efficiency, deepen liquidity, and increase yield for the Crypto Unicorns community and liquidity providers, Laguna Games wants to continue collaborating with Balancer.
Balancer Proposal; [BIP-35] Whitelist the Laguna Games’ Gnosis Safe for Balancer’s Voting Escrow
Laguna Games wants that the Laguna Games Gnosis Safe be included to the whitelist so that it can lock veBAL, take part in governance, and monitor voting activity.
The company Laguna Games is in charge of creating the Crypto Unicorns video game. The main token value utilized for in-game activities, the in-game market, and governance is RBW from Crypto Unicorns. Balancer is acknowledged by Laguna Games as a long-term partner, and it serves as the foundation of our official RBW/wETH liquidity pool. With this, we aim to be able to better align ourselves with the Balancer ecosystem by actively participating in governance and encouraging more liquidity to flow via Balancer.
Balancer Proposal; [BIP-30] Purge Unused Gauges [second vote]
50 or more gauges are now active on the balancer. Numerous of them have never received votes, and the vast majority of them were grandfathered in when veBAL was debuted. I suggest eliminating all gauges that satisfy both of the following conditions:
has a vote share of less than 0.1 percent.
Not the main source of liquidity, an 80/20 pool
In addition, unless recently approved in a gauge vote, all gauges with precisely 0% of the vote must be removed. It makes no sense to include these gauges on the voting list because they are unlikely to ever add value to the protocol. A suggestion to reactivate a gauge from this list in the future can be pursued by anyone if they so want.
Public Goods
ENS Proposal; Q3/Q4 Meta-governance WG budget
Subgroup multi-sig - $371,000
ens-daotooling - $231,000
ens-governance - $140,000
Compensation - $190,000
Steward Compensation - $157,000
Secretary Compensation - $33,000
Unallocated - $71,000
Discretionary Grants - $15,000
Unallocated - $56,000
ENS Proposal; Q3/Q4 Ecosystem WG budget
Subgroups - $1,450,000
ens-bugbounty - $250,000
ens-hack - $221,500
ens - support - $188,500
ens-community - $187,500
ens-gitcoingrants - $138,000
Creator Economy
SuperRare Proposal; Formalize Relationship between SuperRare Labs Inc. and SuperRare DAO
As covered in the previous post
This proposal seeks to create a relationship between SuperRare Labs (The Company) and RareDAO Foundation, as well as set up a precedent on how to deal with contracting third parties.
SuperRare Labs is proposing that the treasury cover all of its operating expenses plus a 15% markup on a monthly basis by providing invoices to the treasury.
This agreement would last one year and the services rendered would be:
Protocol Development
Product Development and Engineering Services
Marketing and Promotional Services
Curation Services
Editorializing, Content Creation, and Media
IT Services
Business Development
DAO Administration, Strategy, and Management
General Administrative Services
General Operational Services
DeFi
Aave Proposal; ARC: Extend the Safety Module Protection to Aave V2 Polygon
As smart contracts have been extensively battle-tested, this ARC proposes to extend the Safety Module (SM) protection to V2 markets.
Users of Aave are safeguarded by The Safety Module, a $700 million risk mitigation pool holding. It is a distinctive method within DeFi that increases borrowing capacity while giving users security. The SM only currently addresses the Aave V2 Ethereum market. Because of this, not every user in the V2 marketplaces has the same amount of risk mitigation.
New markets are initially not covered by SM protection since they are riskier when they first begin. Most of the V2 markets in use today have undergone considerable battle testing and have been producing collections for the Ave DAO; hence, they appear suitable for SM protection.
Aave Proposal; ARC: Add support for BTC.b (Native Bitcoin bridged to Avalanche)
This is an application to list BTC.b as security. The abridged version of Bitcoin from the Avalanche Bitcoin bridge is known as BTC.b.
The Avalanche Bridge has established itself as a key component of the community's infrastructure by delivering a cutting-edge security architecture that makes use of Intel SGX technology to usher in a new era of bridge technology. The Bitcoin bridge will give users a direct on-ramp to and exit from the Bitcoin network and give Bitcoin users the opportunity to take part in DeFi. It is a quick, simple, and secure process.
Aave Proposal; ARC: Extend the Safety Module Protection to Aave V2 Arc
One of DeFi's biggest risk-mitigation pools is the Safety Module. This pool was created to safeguard Aave users from any potential market shortfalls. New markets are initially not covered by the SM because they carry more risk.
The dangers are greatly reduced when a market has been operational and put through its paces for a few months, though. Additionally, listed assets today follow a rigorous listing process that is consistent across markets and is based on the Aave Risk Framework 2.
Aave Proposal; ARC: Extend the Safety Module Protection to Aave V2 Avalanche
One of DeFi's biggest risk-mitigation pools is the Safety Module. This pool was created to safeguard Aave users from any potential market shortfalls. New markets are initially not covered by the SM because they carry more risk.
The dangers are greatly reduced when a market has been operational and put through its paces for a few months, though. Additionally, listed assets today follow a rigorous listing process that is consistent across markets and is based on the Aave Risk Framework 2.
Aave Proposal; Greenlight for GHO
The DAO is considering Aave Companies' proposal to introduce GHO, which was described in this original proposal. Users will be able to mint GHO using their provided collaterals after GHO is published on the Aave Protocol, subject to community approval.
Users have access to a diverse range of crypto-assets against which to mint GHO. As with all other borrow transactions on the Aave Protocol, GHO borrowers will continue to receive interest payments on the underlying provided collateral.
In the event that it is accepted, the introduction of GHO will benefit the community via the AaveDAO by sending all interest payments on GHO borrowings to the DAO. GHO will be managed by Aave governance if approved and implemented via an AIP.
Element Proposal; Enable Temporary Protocol Incentives for Liquidity Providers
Considering only short-term incentive program before allowing ELFI transferability In order to maintain liquidity in the protocol when Element's vaults start to expire, it is becoming more and more essential to reward rollover.
We suggest distributing 1 percent of the entire ELFI supply over the course of six months among all vaults. This results in an annual emission rate of 2%.
Even after the airdrop snapshot announcement, the individuals LPing in such vaults continued to use and support the protocol without receiving any compensation. We suggest rewarding them for their time spent in the vault by emitting energy at the same pace. With this plan, users would start receiving rewards at a daily proportional rate with the expiration of the April 29th vaults.
Element Proposal; EGP-7: Bootstrap Workstream
In order to achieve full operational capabilities, the bootstrap work stream's goal is to temporarily non-formally initialize focused governance contributions. There is no systematic procedure in place right now for people to actively contribute to the DAO.
The authors think that until the workstream is prepared to switch to a more formal structure, there should be a temporary workstream to encourage the DAO to become active and accomplish the necessary tasks.
The fact that ELFI tokens only serve as voting tokens at the present and have no current liquid monetary value is a major factor.
Balancer Proposal; [BIP-34] Enable the 50/50 RBW/wETH Gauge on Polygon
The governance token for the web3 game Crypto Unicorns on Polygon is called Rainbow Tokens (RBW). RBW is used as a token in both the game and the governance. The expanding Crypto Unicorns community has established itself on Polygon and is currently ranked #2 in Polygon's all-time list on OpenSea.
The official exchange and liquidity source is the pool that is split 50/50 between RBW and wETH. In order to boost capital efficiency, deepen liquidity, and increase yield for the Crypto Unicorns community and liquidity providers, Laguna Games wants to continue collaborating with Balancer.
Balancer Proposal; [BIP-35] Whitelist the Laguna Games’ Gnosis Safe for Balancer’s Voting Escrow
Laguna Games wants that the Laguna Games Gnosis Safe be included to the whitelist so that it can lock veBAL, take part in governance, and monitor voting activity.
The company Laguna Games is in charge of creating the Crypto Unicorns video game. The main token value utilized for in-game activities, the in-game market, and governance is RBW from Crypto Unicorns. Balancer is acknowledged by Laguna Games as a long-term partner, and it serves as the foundation of our official RBW/wETH liquidity pool. With this, we aim to be able to better align ourselves with the Balancer ecosystem by actively participating in governance and encouraging more liquidity to flow via Balancer.
Balancer Proposal; [BIP-30] Purge Unused Gauges [second vote]
50 or more gauges are now active on the balancer. Numerous of them have never received votes, and the vast majority of them were grandfathered in when veBAL was debuted. I suggest eliminating all gauges that satisfy both of the following conditions:
has a vote share of less than 0.1 percent.
Not the main source of liquidity, an 80/20 pool
In addition, unless recently approved in a gauge vote, all gauges with precisely 0% of the vote must be removed. It makes no sense to include these gauges on the voting list because they are unlikely to ever add value to the protocol. A suggestion to reactivate a gauge from this list in the future can be pursued by anyone if they so want.
Public Goods
ENS Proposal; Q3/Q4 Meta-governance WG budget
Subgroup multi-sig - $371,000
ens-daotooling - $231,000
ens-governance - $140,000
Compensation - $190,000
Steward Compensation - $157,000
Secretary Compensation - $33,000
Unallocated - $71,000
Discretionary Grants - $15,000
Unallocated - $56,000
ENS Proposal; Q3/Q4 Ecosystem WG budget
Subgroups - $1,450,000
ens-bugbounty - $250,000
ens-hack - $221,500
ens - support - $188,500
ens-community - $187,500
ens-gitcoingrants - $138,000
Creator Economy
SuperRare Proposal; Formalize Relationship between SuperRare Labs Inc. and SuperRare DAO
As covered in the previous post
This proposal seeks to create a relationship between SuperRare Labs (The Company) and RareDAO Foundation, as well as set up a precedent on how to deal with contracting third parties.
SuperRare Labs is proposing that the treasury cover all of its operating expenses plus a 15% markup on a monthly basis by providing invoices to the treasury.
This agreement would last one year and the services rendered would be:
Protocol Development
Product Development and Engineering Services
Marketing and Promotional Services
Curation Services
Editorializing, Content Creation, and Media
IT Services
Business Development
DAO Administration, Strategy, and Management
General Administrative Services
General Operational Services
ens-buildors - $102,000
ens-irl - $61,000
ens-fellow - $61,000
ens-merch - $40,500
ens-websites - $38,000
ens-global - $29,000
ens-docs - $25,000
RFP related - $435,000
Grants - $261,500
Unallocated - $108,500
ENS Proposal; Q3/Q4 Public Goods WG Budget
Grants - $172,700
Bounties - $112,950
Gitcoin - $100,00
Unallocated - $45,000
ens-buildors - $102,000
ens-irl - $61,000
ens-fellow - $61,000
ens-merch - $40,500
ens-websites - $38,000
ens-global - $29,000
ens-docs - $25,000
RFP related - $435,000
Grants - $261,500
Unallocated - $108,500
ENS Proposal; Q3/Q4 Public Goods WG Budget
Grants - $172,700
Bounties - $112,950
Gitcoin - $100,00
Unallocated - $45,000
No activity yet