Wildfiredao.ethWildfire 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...
Wildfiredao.ethWildfire 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 ...
Wildfiredao.ethWildfire 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...
Wildfiredao.ethWildfire 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...
Wildfiredao.ethWildfire 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 ...
Wildfiredao.ethWildfire 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; Risk Parameter Updates for Aave V2 and Aave Arc (Fireblocks). Given the recent market conditions, this proposal looks to adjust nine total risk parameters. The parameters include LTV, Liquidation Threshold, and Liquidation Bonuses across LINK, WBTC, and WETH. This update will align with the Moderate risk level after the recent market data has been used for Aave’s simulation engine. Currently, WETH’s liquidation threshold is at 85% when it should be at 83% & LINK’s liquidation threshold is at 78% when it should be at 75%. This proposal expires in 4 days.
Aave Proposal; Add Transak Fiat on Ramp Service on Aave. Transak is a service on Aave’s UI that converts fiat to tokens so that users do not have to purchase tokens beforehand and can do so on Aave’s UI. This proposal will be live on May 28th.
Balancer Proposal; Amend the Agreement with 1inch for Integrating Boosted Pools. Given the recent decline of the BAL, it is necessary to amend the agreement to send 300k bbaUSD instead of the 20,000 BAL that was originally intended. This would honor the agreement and create a trusting relationship with Balancer and 1inch. This proposal expires in 3 days.
Balancer Proposal; Allocate 31,250 BAL for Optimism Incentives. This proposal seeks to allocate 31,250 BAL ($250k at $8 BAL) from the treasury towards Optimism incentives for two months. In that two-month span, if veBAL integration is complete then all remaining BAL will be returned to the treasury. Beethovenx also will supply $250k of BEETs under the same terms and protocol fees will be split 50/50. However, if either Balancer’s or Beethovenx’s proposal votes fail, then no tokens will be allocated from either. This proposal expires in 3 days.
Public Goods
ENS Discussion; Should unclaimed airdrops be used to incentivize core developers? This is a conversation that came up in the ENS forum regarding incentivizing core Ethereum developers to stick with their protocols instead of running away to companies like Google, it is known that these developers could join a competitor blockchain or a corporation like Google could double their income. More crucially, most of these developers are not exposed to any protocol upside, which increases the potential of poaching, unless they joined the foundation extremely early. While there has been significant societal pressure on the Ethereum Foundation (and others) in recent years to increase their base salary in order to prevent poaching, Protocol Guild has proposed an alternative, which could hire these developers full time.
Gitcoin Discussion; GTC Conviction Voting dApp => GTC Utility. This forum post is about a dApp prototype that @austingriffith & two of the BuidlGuidl builders built (Viraz + 0xDarni). This is a dApp that allows users to stake GTC on Gitcoin Grants utilizing Conviction Voting 13. Gitcoin Grants 1.0 (or 2.0) might then alter the grant sort algorithm based on which grants GTC holders believe are the most valuable. This dApp fixes the following issues:
Allows GTC holders to use their GTC for governance purposes.
Makes the Gitcoin Grants rounds more equitable from the start, so it doesn't turn into a horse race (where more donations = higher matching = repeat).
Allows users to confidently stake GTC on their favorite grants, demonstrating their belief in the quality of those programs.
Creator Economy
DeFi
Aave Proposal; Risk Parameter Updates for Aave V2 and Aave Arc (Fireblocks). Given the recent market conditions, this proposal looks to adjust nine total risk parameters. The parameters include LTV, Liquidation Threshold, and Liquidation Bonuses across LINK, WBTC, and WETH. This update will align with the Moderate risk level after the recent market data has been used for Aave’s simulation engine. Currently, WETH’s liquidation threshold is at 85% when it should be at 83% & LINK’s liquidation threshold is at 78% when it should be at 75%. This proposal expires in 4 days.
Aave Proposal; Add Transak Fiat on Ramp Service on Aave. Transak is a service on Aave’s UI that converts fiat to tokens so that users do not have to purchase tokens beforehand and can do so on Aave’s UI. This proposal will be live on May 28th.
Balancer Proposal; Amend the Agreement with 1inch for Integrating Boosted Pools. Given the recent decline of the BAL, it is necessary to amend the agreement to send 300k bbaUSD instead of the 20,000 BAL that was originally intended. This would honor the agreement and create a trusting relationship with Balancer and 1inch. This proposal expires in 3 days.
Balancer Proposal; Allocate 31,250 BAL for Optimism Incentives. This proposal seeks to allocate 31,250 BAL ($250k at $8 BAL) from the treasury towards Optimism incentives for two months. In that two-month span, if veBAL integration is complete then all remaining BAL will be returned to the treasury. Beethovenx also will supply $250k of BEETs under the same terms and protocol fees will be split 50/50. However, if either Balancer’s or Beethovenx’s proposal votes fail, then no tokens will be allocated from either. This proposal expires in 3 days.
Public Goods
ENS Discussion; Should unclaimed airdrops be used to incentivize core developers? This is a conversation that came up in the ENS forum regarding incentivizing core Ethereum developers to stick with their protocols instead of running away to companies like Google, it is known that these developers could join a competitor blockchain or a corporation like Google could double their income. More crucially, most of these developers are not exposed to any protocol upside, which increases the potential of poaching, unless they joined the foundation extremely early. While there has been significant societal pressure on the Ethereum Foundation (and others) in recent years to increase their base salary in order to prevent poaching, Protocol Guild has proposed an alternative, which could hire these developers full time.
Gitcoin Discussion; GTC Conviction Voting dApp => GTC Utility. This forum post is about a dApp prototype that @austingriffith & two of the BuidlGuidl builders built (Viraz + 0xDarni). This is a dApp that allows users to stake GTC on Gitcoin Grants utilizing Conviction Voting 13. Gitcoin Grants 1.0 (or 2.0) might then alter the grant sort algorithm based on which grants GTC holders believe are the most valuable. This dApp fixes the following issues:
Allows GTC holders to use their GTC for governance purposes.
Makes the Gitcoin Grants rounds more equitable from the start, so it doesn't turn into a horse race (where more donations = higher matching = repeat).
Allows users to confidently stake GTC on their favorite grants, demonstrating their belief in the quality of those programs.
Creator Economy
Infrastructure & Tooling
Rocket Pool Proposal; Proposal to Fund Bankless Sponsorship(s). Bankless called for sponsorship pitches for Q 3 (5/18/22) for the podcast and newsletter campaigns for the Q3 and/or Q4. pDAO currently has 72,481 RPL in the treasury with the current price at $15.50 which comes out to $1,123,445.50 in USD. Assuming Bankless has not risen its prices, to book a full quarter for shows would cost $248,400 or ~22% of pDAO’s treasury’s funds.
Pokt Proposal; RPClist Apply for POKT DAO Grant and Recommendations. This proposal asks for 1000 POKT ($200 USD) for three years of the domain name and AWS costs for the POKT RPCList. RPCList is the POKT version of Chainlist to help users switch to POKT with one click.
Infrastructure & Tooling
Rocket Pool Proposal; Proposal to Fund Bankless Sponsorship(s). Bankless called for sponsorship pitches for Q 3 (5/18/22) for the podcast and newsletter campaigns for the Q3 and/or Q4. pDAO currently has 72,481 RPL in the treasury with the current price at $15.50 which comes out to $1,123,445.50 in USD. Assuming Bankless has not risen its prices, to book a full quarter for shows would cost $248,400 or ~22% of pDAO’s treasury’s funds.
Pokt Proposal; RPClist Apply for POKT DAO Grant and Recommendations. This proposal asks for 1000 POKT ($200 USD) for three years of the domain name and AWS costs for the POKT RPCList. RPCList is the POKT version of Chainlist to help users switch to POKT with one click.
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