DeFi

• Aave Proposal; ARC: Add OP as Collateral to AAVE v3

  • The 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 gas costs, optimism significantly increases Ethereum's scalability while maintaining its security through roll-up technology.

  • One of the first platforms to support OP as collateral would be Aave. The Aave community would support the scalability of Ethereum and welcome the cohort of users coming with it because the OP token is one of the first and most important rollup technology ecosystem tokens. Being the birthplace of AAVE v3, L2s might benefit greatly from this interaction.

• Balancer Proposal; [BIP-40] Enable FOLD/ETH 50/50 Gauge [Ethereum]

  • Through its SecureRPC architecture, Manifold Finance enables and provides access to high-value transaction pools on EVM-compatible chains. 

  • They keep direct connectivity to various mining pools and validator nodes while also aggregating several endpoints (Flashbots, Eden, Miners).

  • To deepen liquidity at this point of growth is crucial for Manifold since current on-chain liquidity is only 300k despite producing over 4m$ in volume incentives & bribes over the last few days.

• Balancer Proposal; [BIP-41] Whitelist THX Network Gnosis Safe multisig for Balancer’s Vote-Escrow

  • In order to lock B-80BAL-20WETH into veBAL, take part in governance, and track voting, THX Network requests that its Gnosis Safe multisig address be added to the whitelist of trusted addresses.

  • ERC20 and ERC721 tokens can be created and embedded in platforms and social media channels by creators and communities thanks to THX Network. Under agreements No. 82888 (Blockpool) and No. 824509, the project has received funding from the Horizon 2020 research and innovation initiative of the European Union (Block.IS).

  • The project's governance token, $THX, was introduced in December 2021 using a Balancer Liquidity Bootstrapping Pool (LBP). Its primary source of liquidity is the Polygon deployment on Balancer ($900k TVL), which was launched at the same time.

  • The new DAO for the THX Network is about to diversify its holdings in $BAL and take part in Balancer's governance.

Public Goods

• ENS Tempcheck; Generic Custom NFT Subdomain Controller

  • This temp check is requesting $30,000 for the build-out of the UI for a Custom NFT subdomain controller

  • This would allow NFT project to link their NFT to subdomains

  • Potential benefits:

    • These subdomains would be “plug-in play” which means no requirement to change the address after ownership

    • It would remove gas costs associated with setting an avatar

    • Increase subdomain usage

Creator Economy

• SuperRare Tempcheck; Make PFPs $RARE Again

  • This temp check is seeking 100,000 $RARE (~$30,000) to build out a dApp that will convert NFT PFPs into cryptoart.

  • The team will divide the funds as such:

    • PM - 15,000 $RARE

    • Designer - 15,000 $RARE

    • Engineers - 70,000 $RARE

  • The idea behind this is to get NFT holders of practically useless NFTs to burn those NFTs and send $RARE in exchange for cryptoart.

  • The potential benefit:

    • $RARE tokens back to the DAO treasury

    • Increase $RARE holder ‘utility’

    • Increase $RARE holders

    • Increase # of SuperRare and cryptoart collectors by educating and converting PFP collectors into cryptoart collectors

    • Potential for burnt NFTs to gain value over time (e.g. if a fallen NFT project gets picked up by marketing genii, revitalized by the community, etc)

    • SR DAO’s first grant to a working team

  • 5% of royalties will be given back to the treasury.

  • Drawbacks:

    • Creating our own art generator vs. leveraging an existing product on the market

Infrastructure & Tooling

• Pokt Tempcheck; Increase SlashFractionDoubleSign

  • This temp check seeks to increase the slash punishment from .0001% to 2% to enforce the network and prevent bad actors from causing census delays

  • The hope is to still keep the punishment reasonable for those who have misconfigured nodes but high enough to deter any mal intentioned node operators.

DeFi

• Aave Proposal; ARC: Add OP as Collateral to AAVE v3

  • The 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 gas costs, optimism significantly increases Ethereum's scalability while maintaining its security through roll-up technology.

  • One of the first platforms to support OP as collateral would be Aave. The Aave community would support the scalability of Ethereum and welcome the cohort of users coming with it because the OP token is one of the first and most important rollup technology ecosystem tokens. Being the birthplace of AAVE v3, L2s might benefit greatly from this interaction.

• Balancer Proposal; [BIP-40] Enable FOLD/ETH 50/50 Gauge [Ethereum]

  • Through its SecureRPC architecture, Manifold Finance enables and provides access to high-value transaction pools on EVM-compatible chains. 

  • They keep direct connectivity to various mining pools and validator nodes while also aggregating several endpoints (Flashbots, Eden, Miners).

  • To deepen liquidity at this point of growth is crucial for Manifold since current on-chain liquidity is only 300k despite producing over 4m$ in volume incentives & bribes over the last few days.

• Balancer Proposal; [BIP-41] Whitelist THX Network Gnosis Safe multisig for Balancer’s Vote-Escrow

  • In order to lock B-80BAL-20WETH into veBAL, take part in governance, and track voting, THX Network requests that its Gnosis Safe multisig address be added to the whitelist of trusted addresses.

  • ERC20 and ERC721 tokens can be created and embedded in platforms and social media channels by creators and communities thanks to THX Network. Under agreements No. 82888 (Blockpool) and No. 824509, the project has received funding from the Horizon 2020 research and innovation initiative of the European Union (Block.IS).

  • The project's governance token, $THX, was introduced in December 2021 using a Balancer Liquidity Bootstrapping Pool (LBP). Its primary source of liquidity is the Polygon deployment on Balancer ($900k TVL), which was launched at the same time.

  • The new DAO for the THX Network is about to diversify its holdings in $BAL and take part in Balancer's governance.

Public Goods

• ENS Tempcheck; Generic Custom NFT Subdomain Controller

  • This temp check is requesting $30,000 for the build-out of the UI for a Custom NFT subdomain controller

  • This would allow NFT project to link their NFT to subdomains

  • Potential benefits:

    • These subdomains would be “plug-in play” which means no requirement to change the address after ownership

    • It would remove gas costs associated with setting an avatar

    • Increase subdomain usage

Creator Economy

• SuperRare Tempcheck; Make PFPs $RARE Again

  • This temp check is seeking 100,000 $RARE (~$30,000) to build out a dApp that will convert NFT PFPs into cryptoart.

  • The team will divide the funds as such:

    • PM - 15,000 $RARE

    • Designer - 15,000 $RARE

    • Engineers - 70,000 $RARE

  • The idea behind this is to get NFT holders of practically useless NFTs to burn those NFTs and send $RARE in exchange for cryptoart.

  • The potential benefit:

    • $RARE tokens back to the DAO treasury

    • Increase $RARE holder ‘utility’

    • Increase $RARE holders

    • Increase # of SuperRare and cryptoart collectors by educating and converting PFP collectors into cryptoart collectors

    • Potential for burnt NFTs to gain value over time (e.g. if a fallen NFT project gets picked up by marketing genii, revitalized by the community, etc)

    • SR DAO’s first grant to a working team

  • 5% of royalties will be given back to the treasury.

  • Drawbacks:

    • Creating our own art generator vs. leveraging an existing product on the market

Infrastructure & Tooling

• Pokt Tempcheck; Increase SlashFractionDoubleSign

  • This temp check seeks to increase the slash punishment from .0001% to 2% to enforce the network and prevent bad actors from causing census delays

  • The hope is to still keep the punishment reasonable for those who have misconfigured nodes but high enough to deter any mal intentioned node operators.