
Wildfire 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...

Wildfire 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 ...

Wildfire 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...

Wildfire 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...

Wildfire 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 ...

Wildfire 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...

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DeFi
Aave Proposal; Add StakeWise’s ETH2 on Aave v2 Mainnet Market. The proposal looks to add StakeWise’s sETH2 on Aave. sETH2 is backed to 1-to-1 with ETH and acts as an interest-bearing form of wrapped ETH. It is also somewhat liquid with $160M TVL. StakeWise also removes key barriers to entry like requiring 32 ETH. Proposed Risk Parameters are 70% LTV, 75% liquidation threshold, 7.5% liquidation bonus, and 10% risk. The interest rate model is 0% base, 8% slope 1, and 200% slope 2.
Balancer Proposal; Freeze Treasury Swaps for 3 Months. This proposal seeks to freeze treasury swaps for 3 months and only seeks to swap for tokens such as ETHor stable coins until the veBAL system has time to properly mature. There may be some slippage in proposals for projects that seek a treasury swap with not enough context which might put the treasury at risk. This, however, would make it hard to align incentives with partner projects during the time of the freeze.
Public Goods
ENS Discussion; There has been a discussion initiated for a bonus smart contract that would help the ENS Community automate financial operations such as maintaining a monthly "rolling average" of ENS revenue (configured to observe a particular number of past months). Set a "growth rate target" (perhaps the DAO expects ENS monthly revenue to grow 5 percent month-over-month, as a base case). Set a "bonus rate," where the stewards multi-sig can withdraw XX percent of the money collected over the goal growth rate for monthly discretionary expenditure (perhaps we'd let stewards remove 25% of this "above and above '' revenue). According to the discussion initiator, this smart contract could have a few beneficial features. It could synchronize incentives in the sense that stewards are rewarded from a discretionary budget if they perform activities that increase revenue (a proxy for ENS network expansion). Outside of the typical biannual budget procedure, bonus deposits might offer monthly funding. Stewards can then respond rapidly to emerging trends. The expectation should be that monthly bonuses will be spent within the next month (within reason). Longer-term initiatives should be budgeted through an RFP or a traditional budget process.
Gitcoin Proposal; Most recently there has been a proposal discussion on the Gitcoin forum, [Proposal] GR14 Round Structure & Grants Eligibility Update. This proposal is aimed at finalizing the round structure and matching pool allocations for Grants round 14. The proposer suggested designing Grant 14 in the same way Grant 13 was designed, the team is also considering removing the criteria that “grants should not have a token” from Gitcoin’s platform eligibility requirements.
Creator Economy
SuperRare Discussion; I’ll Take the Omakase. This proposes that each space hire an operator to help support the business development on a per month basis. It would be up to the council’s discretion to approve or deny the decision. The main motivation behind this proposal would be to consolidate focus on the goals of SuperRare rather than having a contest among the community.
Bankless DAO Discussion; SubDAO Projects. An experiment was put forward to fund three subDAOs. The experiment seeks to solve three key issues: operations, alignment with BanklessDAO, and long-term funding. In terms of operations, a secondary token could be used for governance, a bounty board could be used for alignment, and if a project tokenizes then it would not require continual support from BanklessDAO.
Infrastructure & Tooling
Rocket Pool Proposal; New Design for RocketPool’s Website. This proposal looks to redesign some alignment issues, typos, and an overall attempt to make the website more appealing to the eye. The motivation behind this would be improved credibility amongst the community and institutional stakers.
Pokt Proposal; pokt.tools. This proposal is requesting reimbursement for the development of POKT Tools and continually fund in order to operate the tools. New features and improvements will be based on feedback from the community. The budget will be 494,778 $POKT with 366,502 towards the project budget with premiums and 128,276 towards a 35% safety net premium towards Too Great Labs, LLC.
DeFi
Aave Proposal; Add StakeWise’s ETH2 on Aave v2 Mainnet Market. The proposal looks to add StakeWise’s sETH2 on Aave. sETH2 is backed to 1-to-1 with ETH and acts as an interest-bearing form of wrapped ETH. It is also somewhat liquid with $160M TVL. StakeWise also removes key barriers to entry like requiring 32 ETH. Proposed Risk Parameters are 70% LTV, 75% liquidation threshold, 7.5% liquidation bonus, and 10% risk. The interest rate model is 0% base, 8% slope 1, and 200% slope 2.
Balancer Proposal; Freeze Treasury Swaps for 3 Months. This proposal seeks to freeze treasury swaps for 3 months and only seeks to swap for tokens such as ETHor stable coins until the veBAL system has time to properly mature. There may be some slippage in proposals for projects that seek a treasury swap with not enough context which might put the treasury at risk. This, however, would make it hard to align incentives with partner projects during the time of the freeze.
Public Goods
ENS Discussion; There has been a discussion initiated for a bonus smart contract that would help the ENS Community automate financial operations such as maintaining a monthly "rolling average" of ENS revenue (configured to observe a particular number of past months). Set a "growth rate target" (perhaps the DAO expects ENS monthly revenue to grow 5 percent month-over-month, as a base case). Set a "bonus rate," where the stewards multi-sig can withdraw XX percent of the money collected over the goal growth rate for monthly discretionary expenditure (perhaps we'd let stewards remove 25% of this "above and above '' revenue). According to the discussion initiator, this smart contract could have a few beneficial features. It could synchronize incentives in the sense that stewards are rewarded from a discretionary budget if they perform activities that increase revenue (a proxy for ENS network expansion). Outside of the typical biannual budget procedure, bonus deposits might offer monthly funding. Stewards can then respond rapidly to emerging trends. The expectation should be that monthly bonuses will be spent within the next month (within reason). Longer-term initiatives should be budgeted through an RFP or a traditional budget process.
Gitcoin Proposal; Most recently there has been a proposal discussion on the Gitcoin forum, [Proposal] GR14 Round Structure & Grants Eligibility Update. This proposal is aimed at finalizing the round structure and matching pool allocations for Grants round 14. The proposer suggested designing Grant 14 in the same way Grant 13 was designed, the team is also considering removing the criteria that “grants should not have a token” from Gitcoin’s platform eligibility requirements.
Creator Economy
SuperRare Discussion; I’ll Take the Omakase. This proposes that each space hire an operator to help support the business development on a per month basis. It would be up to the council’s discretion to approve or deny the decision. The main motivation behind this proposal would be to consolidate focus on the goals of SuperRare rather than having a contest among the community.
Bankless DAO Discussion; SubDAO Projects. An experiment was put forward to fund three subDAOs. The experiment seeks to solve three key issues: operations, alignment with BanklessDAO, and long-term funding. In terms of operations, a secondary token could be used for governance, a bounty board could be used for alignment, and if a project tokenizes then it would not require continual support from BanklessDAO.
Infrastructure & Tooling
Rocket Pool Proposal; New Design for RocketPool’s Website. This proposal looks to redesign some alignment issues, typos, and an overall attempt to make the website more appealing to the eye. The motivation behind this would be improved credibility amongst the community and institutional stakers.
Pokt Proposal; pokt.tools. This proposal is requesting reimbursement for the development of POKT Tools and continually fund in order to operate the tools. New features and improvements will be based on feedback from the community. The budget will be 494,778 $POKT with 366,502 towards the project budget with premiums and 128,276 towards a 35% safety net premium towards Too Great Labs, LLC.
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