DeFi

• Aave Proposal; [ARC] Add new KNC to Aave v2 and v3

  • The main user interface of Kyber Network, KyberSwap.com, links liquidity from several sources to enable token trading at the best rates. Kyber Network is a multi-chain cryptocurrency trading and liquidity center. As a hybrid DEX aggregator + liquidity platform, it seeks to provide traders with the best prices and liquidity providers with the best profits on their investments.

  • The old Kyber Network Crystal (KNCL) token will be delisted in favor of the new Kyber Network Crystal (KNC), which will be available for borrowing, lending, and use as collateral on both Aave versions 2 and 3. 

  • KNC has a large token holder base and is a liquid asset. Holders of KNC might want to increase their liquidity without selling their shares in order to continue taking advantage of value growth opportunities. With KNC enabled on Aave, holders of KNC can borrow money for a range of DeFi use cases, including as margin trading or new investment opportunities, all without liquidating their present holdings.

• Aave Discussion; RFC: Renewal RWA Market rewards proposal (12-09-2022)

  • Numerous withdrawals have been made as a result of the market's current conditions and the global economy, and since the market is still unstable, RWA Market will regrettably reduce borrowing to pools. Thus, the market's overall size is $8,116,734.49.

  • According to the proposal author, RWA Market incentives ought to be increased because they have a big influence on and function in the future of RWA with Centrifuge.

  • This proposal is suggesting to:

    • Maintain the same incentive liquidity for the Aave RWA Market while extending the incentive reward for the RWA market.

    • A consistent yield is encouraged by the issuance of an additional 100,000 CFG, and both present and new users will have the opportunity to participate in the Centrifuge Governance.

• Balancer Discussion; [BIP-XX] Stable Pool V2 Permission Granting

  • Several variables in the Stable Pool v2 smart contract determine their effectiveness and can be adjusted based on the state of the market. If this proposal is accepted by the community, the Balancer Maxis, who traditionally manage fees and the amplification factor for weighted and stable pools, would now be allowed to do the same for the new stable pools v2. Any changes to a pool's settings will be announced prior via Discord.

  • Around two months ago, the Stable Pool v2 factory was set up. The authorizations to be ratified by this proposal would allow the historical Gauntlet multisig and a multisig controlled by the Balancer Maxis to manage specific Stable Pool v2 contract settings to improve their capital efficiency and returns to liquidity providers. Certain permissions will also be given to the Emergency subDAO.

• Balancer Discussion; [BIP-XX] Revised Gauge Migration to Composable Stable Pools

  • The motivation for this proposal stems from a vulnerability disclosed by a Benevolent Hacker in Fernando’s Vulnerability Disclosure, it is important to note that no funds were ever at risk. 

  • The first risk identified is that the current audit will lead to a recurrence of the move. In this instance, some minor problems with the getRate() function and issues with pool owners setting swap fees were found and have since been fixed in the most recent ComposableStable factory deployment. There are a few extra pools included in the scope of the migration because time has passed since the last proposal.

  • The following pools, which have the same underlying assets and attributes as the originals, will be replaced by the recently deployed ComposableStablePool and StablePool v2 contracts and will automatically be approved for a liquidity gauge. A liquidity mining gauge will be active on the revised addresses and will no longer be available to the deprecated pools.

Public Goods

• ENS Discussion; Introducing BENSYC - Lightweight Subdomain Project

  • Bored ENS Yacht Club is an ENS 10K subdomain collection where the subdomain NFT is your membership to the club.

  • These subdomains will enable voting and provide a royalty percentage to ENSQueens as a  Public Good

  • ​​BENSYC avatars are a set of 9 traits mapped by the properties of the subdomain label.

Creator Economy

• SuperRare Discussion; Royalties, Compromised Wallets, Security

  • This discussion post touches on the increased need for security as time goes on and even calls for more centralization when it comes to security

  • The main topic being touched on is the grey area that old wallets that receive royalties are when the owner has lost access for whatever reason

  • A good example of this that was mentioned in the post was Bill Murray’s wallet to which he lost access and the wallet was ultimately compromised 

  • What does everyone think about the centralization of security? Is it better to hire an internal team to handle security like a traditional company or is it better to keep it decentralized by contracting out the work?

Infrastructure & Tooling

• Rocket Pool Discussion; Rocket Pool DAO Messari Coverage Announcement

  • Messari Coverage is a “ Governor product which tracks and summarizes discussions and proposals across forums, Snapshot, and on-chain governance and enables the ability to vote directly.”

  • This is going to be useful for the transition into the regular use of Snapshot for Rocket Pool

  • This will also be helpful to track how the DAO is progressing from a bird’s eye view

DeFi

• Aave Proposal; [ARC] Add new KNC to Aave v2 and v3

  • The main user interface of Kyber Network, KyberSwap.com, links liquidity from several sources to enable token trading at the best rates. Kyber Network is a multi-chain cryptocurrency trading and liquidity center. As a hybrid DEX aggregator + liquidity platform, it seeks to provide traders with the best prices and liquidity providers with the best profits on their investments.

  • The old Kyber Network Crystal (KNCL) token will be delisted in favor of the new Kyber Network Crystal (KNC), which will be available for borrowing, lending, and use as collateral on both Aave versions 2 and 3. 

  • KNC has a large token holder base and is a liquid asset. Holders of KNC might want to increase their liquidity without selling their shares in order to continue taking advantage of value growth opportunities. With KNC enabled on Aave, holders of KNC can borrow money for a range of DeFi use cases, including as margin trading or new investment opportunities, all without liquidating their present holdings.

• Aave Discussion; RFC: Renewal RWA Market rewards proposal (12-09-2022)

  • Numerous withdrawals have been made as a result of the market's current conditions and the global economy, and since the market is still unstable, RWA Market will regrettably reduce borrowing to pools. Thus, the market's overall size is $8,116,734.49.

  • According to the proposal author, RWA Market incentives ought to be increased because they have a big influence on and function in the future of RWA with Centrifuge.

  • This proposal is suggesting to:

    • Maintain the same incentive liquidity for the Aave RWA Market while extending the incentive reward for the RWA market.

    • A consistent yield is encouraged by the issuance of an additional 100,000 CFG, and both present and new users will have the opportunity to participate in the Centrifuge Governance.

• Balancer Discussion; [BIP-XX] Stable Pool V2 Permission Granting

  • Several variables in the Stable Pool v2 smart contract determine their effectiveness and can be adjusted based on the state of the market. If this proposal is accepted by the community, the Balancer Maxis, who traditionally manage fees and the amplification factor for weighted and stable pools, would now be allowed to do the same for the new stable pools v2. Any changes to a pool's settings will be announced prior via Discord.

  • Around two months ago, the Stable Pool v2 factory was set up. The authorizations to be ratified by this proposal would allow the historical Gauntlet multisig and a multisig controlled by the Balancer Maxis to manage specific Stable Pool v2 contract settings to improve their capital efficiency and returns to liquidity providers. Certain permissions will also be given to the Emergency subDAO.

• Balancer Discussion; [BIP-XX] Revised Gauge Migration to Composable Stable Pools

  • The motivation for this proposal stems from a vulnerability disclosed by a Benevolent Hacker in Fernando’s Vulnerability Disclosure, it is important to note that no funds were ever at risk. 

  • The first risk identified is that the current audit will lead to a recurrence of the move. In this instance, some minor problems with the getRate() function and issues with pool owners setting swap fees were found and have since been fixed in the most recent ComposableStable factory deployment. There are a few extra pools included in the scope of the migration because time has passed since the last proposal.

  • The following pools, which have the same underlying assets and attributes as the originals, will be replaced by the recently deployed ComposableStablePool and StablePool v2 contracts and will automatically be approved for a liquidity gauge. A liquidity mining gauge will be active on the revised addresses and will no longer be available to the deprecated pools.

Public Goods

• ENS Discussion; Introducing BENSYC - Lightweight Subdomain Project

  • Bored ENS Yacht Club is an ENS 10K subdomain collection where the subdomain NFT is your membership to the club.

  • These subdomains will enable voting and provide a royalty percentage to ENSQueens as a  Public Good

  • ​​BENSYC avatars are a set of 9 traits mapped by the properties of the subdomain label.

Creator Economy

• SuperRare Discussion; Royalties, Compromised Wallets, Security

  • This discussion post touches on the increased need for security as time goes on and even calls for more centralization when it comes to security

  • The main topic being touched on is the grey area that old wallets that receive royalties are when the owner has lost access for whatever reason

  • A good example of this that was mentioned in the post was Bill Murray’s wallet to which he lost access and the wallet was ultimately compromised 

  • What does everyone think about the centralization of security? Is it better to hire an internal team to handle security like a traditional company or is it better to keep it decentralized by contracting out the work?

Infrastructure & Tooling

• Rocket Pool Discussion; Rocket Pool DAO Messari Coverage Announcement

  • Messari Coverage is a “ Governor product which tracks and summarizes discussions and proposals across forums, Snapshot, and on-chain governance and enables the ability to vote directly.”

  • This is going to be useful for the transition into the regular use of Snapshot for Rocket Pool

  • This will also be helpful to track how the DAO is progressing from a bird’s eye view