DeFi

• Aave Discussion; ARC: Aave V3 Fantom - Freeze reserves

  • This ARC suggests freezing the Aave V3 Fantom market, allowing users to pay off their obligations and take their money but prohibiting deposits and additional borrowing. The Aave community should weigh the risks and rewards of maintaining an active Aave V3 market on Fantom after the Harmony bridge incident and the most recent Nomad bridge exploit, as this network is dependent on anyswap (multichain) bridge.

  • The motive behind this ARC is the unfavorable risk/reward of maintaining the Aave V3 market on Fantom. The Aave Treasury believes that the risk of exposing users to the potential loss of millions of dollars due to factors outside the scope of intrinsic Aave security is not worth the daily fees of $30.

  • Anyswap is a team that has demonstrated its sincerity and safety, so our idea is not intended to belittle their efforts. It is just thought that the potential danger, even if it is modest, outweighs the advantages of continuing to operate the Aave V3 market on Fantom. 

  • Aave is able to concentrate on networks that have fewer risk vectors in terms of bridges thanks to L2s (Optimism/Arbitrum), which is currently slowly gaining traction.

• Aave Discussion; ARC: Parameter Change Disclaimer in Borrow User Interface

  • The borrower user interface should be updated to include a disclaimer alerting consumers that governance may change parameter values that may affect the health of their accounts.

  • The governance process leads to a variety of parameter modifications, including changes that have an impact on account health factors. One recent example is the community's agreement on the Risk-Off Framework 1 for lowering liquidation thresholds.

  • By including a disclaimer in the borrowed user interface, you can give Aave users more information. Making this information obvious is important since not all users may be aware that there is a governance mechanism for changing parameters or of the potential effects of governance choices. Without this caution, a user would think that only price changes affect the health of their account.

• Balancer Discussion; [BIP-XX] Allocate BAL Liquidity to Polygon & Arbitrum Multichain Bridge

  • 40k BAL was allotted by BIP-3 for the Multichain Ethereum>Optimism bridge liquidity. Since then, this liquidity has been used quite effectively. The proposal's author contacted Multichain to request that they add support for Polygon & Arbitrum to their router, which is already up and running and simply needs to be seeded with BAL liquidity so that users may begin bridging.

  • The author believes it is beneficial to be able to move BAL quickly between all of Balancer's deployments since it makes idle BAL in the Treasury more useful and because we do get paid bridging fees for all of this activity. It is realistic to anticipate an increase in demand for bridging BAL between networks as BIP-19 starts to drive more acceptance for us on Polygon & Arbitrum.

• Balancer Discussion; [BIP-XX] Repay Aura Treasury for Unclaimable Rewards

  • Due to a logic flaw in the previous iteration of Balancer's FeeDistributor contract, 3100 BAL were deposited and were therefore permanently locked from being claimed by the Aura VoterProxy. These tokens have already been produced, deposited as prizes, and are currently locked indefinitely.

  • Notably, no additional claims or accounts were impacted. The problem was discovered, and it was then fixed.

  • The Aura Treasury manually deposited the missing BAL to the auraBAL rewards to make up for the lost yield and guarantee that the mechanism worked as planned.

Public Goods

• ENS Discussion; Discourse Forum Plugin to Display Governance Stats

  • The Discourse team built a plugin display for delegates in the ENS ecosystem

  • This plugin shows:

    • Total votes delegated to them (One signal to indicate their incentives in the DAO)

    • Their snapshot and on-chain voting stats (Show how active are they really in governance)

    • First token delegated

    • Total no. of delegators who have delegated to them

    • Anything else that is useful

  • The plugin is open source and has already aggregated activity and data from the ENS forum

  • This discussion is a borderline temp check to see if the community will support the continuing development of this plugin

Creator Economy

• SuperRare Discussion; Modernizing File Size Limits on SR

  • This proposal seeks to increase the MP4 and GLB file sizes from 50 MB to 250 MB

  • This stifles longer videos and higher-quality files

  • This would increase the cost of running the servers but it would keep SR competitive 

  • Here is a list of NFT marketplaces with max file sizes:

    • Nifty Gateway - 300 MB

    • Makers Place - 200 MB

    • Manifold - 200 MB

    • Opensea - 100 MB

    • Rarible - 100 MB

    • KnownOrigin - 75 MB

    • Foundation - 50 MB

    • SuperRare - 50 MB

• Bankless Proposal; Season 5 Specification

  • This proposal did a great job of summarizing Season 5:

    • Season 5 will start on Monday, August 8, 2022

    • Season 5 will end on Sunday, October 30, 2022

    • The formal gap week will be on the week of October 31, 2022

Infrastructure & Tooling

• Rocket Pool Discussion; Odao membership interest:

  • The list below contains Rocket Pool contributors who are applying for Odao memberships

    • Astoneta

    • Contrband.eth

    • Menor.eth on behalf of the Rocketeers

    • Dondochaka

    • Patches

• Pokt Discussion; Stairway to Sustainable Economics

  • With the growth of the Pokt network comes the demand for app stakes.

  • This proposal seeks to:

    • Increase the price of an app stake to more accurately reflect the value being provided

DeFi

• Aave Discussion; ARC: Aave V3 Fantom - Freeze reserves

  • This ARC suggests freezing the Aave V3 Fantom market, allowing users to pay off their obligations and take their money but prohibiting deposits and additional borrowing. The Aave community should weigh the risks and rewards of maintaining an active Aave V3 market on Fantom after the Harmony bridge incident and the most recent Nomad bridge exploit, as this network is dependent on anyswap (multichain) bridge.

  • The motive behind this ARC is the unfavorable risk/reward of maintaining the Aave V3 market on Fantom. The Aave Treasury believes that the risk of exposing users to the potential loss of millions of dollars due to factors outside the scope of intrinsic Aave security is not worth the daily fees of $30.

  • Anyswap is a team that has demonstrated its sincerity and safety, so our idea is not intended to belittle their efforts. It is just thought that the potential danger, even if it is modest, outweighs the advantages of continuing to operate the Aave V3 market on Fantom. 

  • Aave is able to concentrate on networks that have fewer risk vectors in terms of bridges thanks to L2s (Optimism/Arbitrum), which is currently slowly gaining traction.

• Aave Discussion; ARC: Parameter Change Disclaimer in Borrow User Interface

  • The borrower user interface should be updated to include a disclaimer alerting consumers that governance may change parameter values that may affect the health of their accounts.

  • The governance process leads to a variety of parameter modifications, including changes that have an impact on account health factors. One recent example is the community's agreement on the Risk-Off Framework 1 for lowering liquidation thresholds.

  • By including a disclaimer in the borrowed user interface, you can give Aave users more information. Making this information obvious is important since not all users may be aware that there is a governance mechanism for changing parameters or of the potential effects of governance choices. Without this caution, a user would think that only price changes affect the health of their account.

• Balancer Discussion; [BIP-XX] Allocate BAL Liquidity to Polygon & Arbitrum Multichain Bridge

  • 40k BAL was allotted by BIP-3 for the Multichain Ethereum>Optimism bridge liquidity. Since then, this liquidity has been used quite effectively. The proposal's author contacted Multichain to request that they add support for Polygon & Arbitrum to their router, which is already up and running and simply needs to be seeded with BAL liquidity so that users may begin bridging.

  • The author believes it is beneficial to be able to move BAL quickly between all of Balancer's deployments since it makes idle BAL in the Treasury more useful and because we do get paid bridging fees for all of this activity. It is realistic to anticipate an increase in demand for bridging BAL between networks as BIP-19 starts to drive more acceptance for us on Polygon & Arbitrum.

• Balancer Discussion; [BIP-XX] Repay Aura Treasury for Unclaimable Rewards

  • Due to a logic flaw in the previous iteration of Balancer's FeeDistributor contract, 3100 BAL were deposited and were therefore permanently locked from being claimed by the Aura VoterProxy. These tokens have already been produced, deposited as prizes, and are currently locked indefinitely.

  • Notably, no additional claims or accounts were impacted. The problem was discovered, and it was then fixed.

  • The Aura Treasury manually deposited the missing BAL to the auraBAL rewards to make up for the lost yield and guarantee that the mechanism worked as planned.

Public Goods

• ENS Discussion; Discourse Forum Plugin to Display Governance Stats

  • The Discourse team built a plugin display for delegates in the ENS ecosystem

  • This plugin shows:

    • Total votes delegated to them (One signal to indicate their incentives in the DAO)

    • Their snapshot and on-chain voting stats (Show how active are they really in governance)

    • First token delegated

    • Total no. of delegators who have delegated to them

    • Anything else that is useful

  • The plugin is open source and has already aggregated activity and data from the ENS forum

  • This discussion is a borderline temp check to see if the community will support the continuing development of this plugin

Creator Economy

• SuperRare Discussion; Modernizing File Size Limits on SR

  • This proposal seeks to increase the MP4 and GLB file sizes from 50 MB to 250 MB

  • This stifles longer videos and higher-quality files

  • This would increase the cost of running the servers but it would keep SR competitive 

  • Here is a list of NFT marketplaces with max file sizes:

    • Nifty Gateway - 300 MB

    • Makers Place - 200 MB

    • Manifold - 200 MB

    • Opensea - 100 MB

    • Rarible - 100 MB

    • KnownOrigin - 75 MB

    • Foundation - 50 MB

    • SuperRare - 50 MB

• Bankless Proposal; Season 5 Specification

  • This proposal did a great job of summarizing Season 5:

    • Season 5 will start on Monday, August 8, 2022

    • Season 5 will end on Sunday, October 30, 2022

    • The formal gap week will be on the week of October 31, 2022

Infrastructure & Tooling

• Rocket Pool Discussion; Odao membership interest:

  • The list below contains Rocket Pool contributors who are applying for Odao memberships

    • Astoneta

    • Contrband.eth

    • Menor.eth on behalf of the Rocketeers

    • Dondochaka

    • Patches

• Pokt Discussion; Stairway to Sustainable Economics

  • With the growth of the Pokt network comes the demand for app stakes.

  • This proposal seeks to:

    • Increase the price of an app stake to more accurately reflect the value being provided