DeFi

• Aave Proposal; Aave Weekly: Protocol Metrics & Governance Update

  • The Messarri Team is working in conjunction with the Aave Grants DAO to revive the discontinued Aave Weekly report. The first iteration of the report covers August 29 to September 4, 2022, to read the full report, check it out here.

• Aave Proposal; ARC: Add TRYB to Aave V3 on Avalanche Network, Isolation Mode

  • The BiLira (TRYB) token is a full-reserve stable cryptocurrency that is built on the Ethereum blockchain and is accessible on 6 different blockchains. It is created, issued, and managed by the BiLira organization, is collateralized 1:1 with the Turkish Lira, is secure, and is compliant with ERC-20 token standards.

  • Establishing an open internet based on value exchange can open the door to a seamless, borderless, and integrated world, removing obstacles that prevent the growth of a universally accessible, economically viable global marketplace.

• Balancer Discussion; Balancer Grants August 2022 Update

  • BalancerDAO supports the growth of the Balancer Protocol and Ecosystem in a number of ways, one of which is the BAL Grant Program. The grant funding for this quarter is provided by the Grants Service Provider proposal that was uploaded in the Balancer forum and successfully approved by veBAL holders in a snapshot vote. 

  • The current round will last through the end of September, and thanks to the grant wave 5 votes, the program will have access to $100,000 BAL for grants in this round. The Balancer Grants received a large number of high-quality proposals at the start of this wave, and following discussions with the various teams to finalize scopes and elucidate details, the team was ready to start supporting some fascinating initiatives.

• Balancer Proposal; Proposal for Symmetric to manage Gnosis Deployment as Friendly Fork of Balancer

  • The Symmetric Finance team is well aware of the present arrangement to introduce Balancer on the Gnosis Chain. We want to use our initial approach as a springboard for a cooperative partnership that will be advantageous to each protocol. With the Balancer community, we eagerly anticipate debating it.

  • Completely extend the Balancer model to Gnosis with everything included and the stated technology required by Gnosis and Balancer, all under the management of Symmetric Finance. Recognize Symmetric Finance as the Official Friendly Fork of the Gnosis network and apply the veBAL model to Gnosis by utilizing the company's current technology and branding in addition to Balancer. In particular, Managed, Liquidity Bootstrapping, and Boosted pools should be further investigated and developed as additional use cases for Balancer Tech.

Public Goods

• ENS Discussion; Gitcoin x ENS Ecosystem round for GR15

  • This discussion is looking to create a proposal for a Gitcoin Grant for GR15

  • This grant will be $69,000 in $ENS

  • There will need to be a discussion around eligibility will has occurred

  • The grant was slotted to be sent in by September 3rd but there still has not been a grant put forward

• Gitcoin Discussion; Partnerships to date - how are these going?

  • This discussion is a landing place where partnerships can give updates 

  • The main ones asked for were the CLR Fund, Prime DAO, and Developer DAO

Creator Economy

• Super Rare Proposal; Provide authorization to diversify the DAO Treasury

  • This is a proposal for the diversification of SuperRare’s treasury into stablecoins.

  • Currently, the treasury has $109M in $RARE and $9.5M in ETH.

  • This proposal seeks to put 20% of these assets into USDC/DAI along with 20% of future revenues.

  • The public will be made aware of any OTC or private purchases of stablecoins

• Bankless Tempcheck Update; An Idea to Improve Coordinape [DRAFT 2]

  • This proposal seeks to simplify the Coordiape process by:

    • Consolidating the three circles into one BanklessDAO circle.

    • Use pirate math to weigh the rewards correctly between L1s and L2s.

  • This could simplify the process and reward contribution on a more equitable scale but there are some descending opinions in the comments.

Infrastructure & Tooling

• Pokt Proposal; Stake Weighted Servicer Rewards (PIP-22) Development Reimbursement

  • This proposal is seeking $57,000 in $POKT

  • In theory, the update to the pocket core client will allow for node consolidations, by increasing max stake and scaling the servicer rewards based on the amount staked to the node.

  • This will be implemented throughout the latter half of 2022

  • This will decrease the network running costs, increase network security and reduce block bloating.

DeFi

• Aave Proposal; Aave Weekly: Protocol Metrics & Governance Update

  • The Messarri Team is working in conjunction with the Aave Grants DAO to revive the discontinued Aave Weekly report. The first iteration of the report covers August 29 to September 4, 2022, to read the full report, check it out here.

• Aave Proposal; ARC: Add TRYB to Aave V3 on Avalanche Network, Isolation Mode

  • The BiLira (TRYB) token is a full-reserve stable cryptocurrency that is built on the Ethereum blockchain and is accessible on 6 different blockchains. It is created, issued, and managed by the BiLira organization, is collateralized 1:1 with the Turkish Lira, is secure, and is compliant with ERC-20 token standards.

  • Establishing an open internet based on value exchange can open the door to a seamless, borderless, and integrated world, removing obstacles that prevent the growth of a universally accessible, economically viable global marketplace.

• Balancer Discussion; Balancer Grants August 2022 Update

  • BalancerDAO supports the growth of the Balancer Protocol and Ecosystem in a number of ways, one of which is the BAL Grant Program. The grant funding for this quarter is provided by the Grants Service Provider proposal that was uploaded in the Balancer forum and successfully approved by veBAL holders in a snapshot vote. 

  • The current round will last through the end of September, and thanks to the grant wave 5 votes, the program will have access to $100,000 BAL for grants in this round. The Balancer Grants received a large number of high-quality proposals at the start of this wave, and following discussions with the various teams to finalize scopes and elucidate details, the team was ready to start supporting some fascinating initiatives.

• Balancer Proposal; Proposal for Symmetric to manage Gnosis Deployment as Friendly Fork of Balancer

  • The Symmetric Finance team is well aware of the present arrangement to introduce Balancer on the Gnosis Chain. We want to use our initial approach as a springboard for a cooperative partnership that will be advantageous to each protocol. With the Balancer community, we eagerly anticipate debating it.

  • Completely extend the Balancer model to Gnosis with everything included and the stated technology required by Gnosis and Balancer, all under the management of Symmetric Finance. Recognize Symmetric Finance as the Official Friendly Fork of the Gnosis network and apply the veBAL model to Gnosis by utilizing the company's current technology and branding in addition to Balancer. In particular, Managed, Liquidity Bootstrapping, and Boosted pools should be further investigated and developed as additional use cases for Balancer Tech.

Public Goods

• ENS Discussion; Gitcoin x ENS Ecosystem round for GR15

  • This discussion is looking to create a proposal for a Gitcoin Grant for GR15

  • This grant will be $69,000 in $ENS

  • There will need to be a discussion around eligibility will has occurred

  • The grant was slotted to be sent in by September 3rd but there still has not been a grant put forward

• Gitcoin Discussion; Partnerships to date - how are these going?

  • This discussion is a landing place where partnerships can give updates 

  • The main ones asked for were the CLR Fund, Prime DAO, and Developer DAO

Creator Economy

• Super Rare Proposal; Provide authorization to diversify the DAO Treasury

  • This is a proposal for the diversification of SuperRare’s treasury into stablecoins.

  • Currently, the treasury has $109M in $RARE and $9.5M in ETH.

  • This proposal seeks to put 20% of these assets into USDC/DAI along with 20% of future revenues.

  • The public will be made aware of any OTC or private purchases of stablecoins

• Bankless Tempcheck Update; An Idea to Improve Coordinape [DRAFT 2]

  • This proposal seeks to simplify the Coordiape process by:

    • Consolidating the three circles into one BanklessDAO circle.

    • Use pirate math to weigh the rewards correctly between L1s and L2s.

  • This could simplify the process and reward contribution on a more equitable scale but there are some descending opinions in the comments.

Infrastructure & Tooling

• Pokt Proposal; Stake Weighted Servicer Rewards (PIP-22) Development Reimbursement

  • This proposal is seeking $57,000 in $POKT

  • In theory, the update to the pocket core client will allow for node consolidations, by increasing max stake and scaling the servicer rewards based on the amount staked to the node.

  • This will be implemented throughout the latter half of 2022

  • This will decrease the network running costs, increase network security and reduce block bloating.