DeFi

• Element Proposal; Increase GSC quorum threshold.

  • Increase the GSC from one to three.

  • Xviolet.eth is currently the only person who in a matter of days can purpose and pass votes with no approval required because the GSC threshold is one.

  • Three is a starting point because it is a tie-breaking number and will gradually increase as more members join.

  • The proposal expires in 4 days.

• Balancer Proposal; Whitelist Stake DAO to lock BAL Tokens.

  • Stake DAO is a non-custodial platform that created a new feature called “Liquid Lockers” that accelerates the lock of tokens with ve model.

  • The feature allows yield and voting power while staying liquid.

  • The strategy will require a gauge for the sdBAL/B-80BAL-20WETH pool on Balancer to ensure liquidity.

  • The proposal expires in 2 days.

• Balancer Proposal; Enable PAL/USDC 80/20 Gauge.

  • Paladin is a governance lending protocol that is the 6th largest holder of stkAave (60.25k).

  • Paladin seeks to use BAL incentives via the gauge to attract more users to provide liquidity.

  • Paladin DAO is governed by holders of PAL through snapshot and forum proposals, has been audited, treasury functions and smart contract updates are controlled through a 5/9 multi-sig.

  • PAL also averages $20,000 daily volume with a total depth of ~2M.

  • This proposal expires in 2 days.

Public Goods

• ENS Discussion; [Draft] [Executable] Support the Protocol Guild Pilot.

  • This proposal discussion on the ENS forum is proposing that the ENS DAO should support the Protocol Guild Pilot, it is being suggested that a vested split contract to fund 110 Ethereum core protocol contributors.

  • Specifically, the proposer is suggesting that 200k ENS (~3.7% of the unclaimed airdrop 6) should be allocated to Protocol Guild in recognition of the past and ongoing work of these core contributors, these contributors built and consistently maintain and improve the core Ethereum infrastructure that is powering the decentralized web. The 200k ENS is worth $2.49 million in USD as of May 25, 2022, when this post was written.

  • This is comparable to what we've already recommended for other well-known Ethereum-based protocols.

• ENS Proposal; Working Group Rules.

  • This proposal seeks to repeal the working group rules made in EP4 and replace them.

  • The proposed working group rules provide further details about Steward obligations and working group fund management, as well as introduce the requirement that each working group chooses a lead steward.

  • The specifications contained in the proposal also include a rule for appointing a new DAO Secretary, who will be in charge of maintaining working relationships and communicating among working groups, as well as performing administrative functions for the DAO.

  • This proposal expires in 4 days.

Creator Economy

• SuperRare Proposal; Proposal to allocate 5M RARE to fund developer bounties.

  • This proposal seeks to upgrade SuperRare network payment methods to include $RARE, DAI, and USDC.

  • The new smart contract supports the functionality of these coins but the visual design and front-end updates will need to be prioritized to make it feasible.

  • The benefits: Increasing the utility of $RARE, distributing gov tokens to participants, paying artists in stable coins, organically diversifying revenue streams, and expanding the potential market reach.

  • Drawbacks: Cost and time of redesign and counter-party risk of a “permission” token like USDC.

  • The proposal expires in 6 days.

• SuperRare Proposal; Allocate $RARE from the treasury to engage market makers and liquidity providers

  • This proposal seeks to allocate up to 30M $RARE.

  • Methods of providing liquidity:

    • Loan agreements with Council- approved market makers

    • Discounted purchase of $RARE to Council- approved market makers

    • Incentivized liquidity mining program

Infrastructure & Tooling

• Rocket Pool Discussion; oDAO Changes for the Near Future.

  • To give context, two oDAO nodes both operated by Rocket Pool Pty Ltd were compromised and subsequently voted out of the oDAO. This security incident has prompted changes to the oDAO.

  • The oDAO is now only accepting new members through an application and majority vote.

  • The oDAO is planning on expanding to 18 members to increase security for the nodes.

  • A term limit of one year is proposed for oDAO members

  • Members should be restricted to individuals and no more than two individuals from a single organization.

• Pokt Discussion; POKT Monetary Concerns and Recommendations.

  • This proposal seeks to use $2M of the pokt treasury to diversify into physical assets, Bitcoin, and an investment company.

  • $800,00 will be used to purchase gold, $600,000 for silver, and $600,000 for Bitcoin.

  • Create an investment company to send 2% of all Pocket Network revenue on a quarterly basis. The investments will focus on low-risk investments ie land, index fund, and REITs.

  • This proposal also seeks to implement a gradual and incremental burn rate.

DeFi

• Element Proposal; Increase GSC quorum threshold.

  • Increase the GSC from one to three.

  • Xviolet.eth is currently the only person who in a matter of days can purpose and pass votes with no approval required because the GSC threshold is one.

  • Three is a starting point because it is a tie-breaking number and will gradually increase as more members join.

  • The proposal expires in 4 days.

• Balancer Proposal; Whitelist Stake DAO to lock BAL Tokens.

  • Stake DAO is a non-custodial platform that created a new feature called “Liquid Lockers” that accelerates the lock of tokens with ve model.

  • The feature allows yield and voting power while staying liquid.

  • The strategy will require a gauge for the sdBAL/B-80BAL-20WETH pool on Balancer to ensure liquidity.

  • The proposal expires in 2 days.

• Balancer Proposal; Enable PAL/USDC 80/20 Gauge.

  • Paladin is a governance lending protocol that is the 6th largest holder of stkAave (60.25k).

  • Paladin seeks to use BAL incentives via the gauge to attract more users to provide liquidity.

  • Paladin DAO is governed by holders of PAL through snapshot and forum proposals, has been audited, treasury functions and smart contract updates are controlled through a 5/9 multi-sig.

  • PAL also averages $20,000 daily volume with a total depth of ~2M.

  • This proposal expires in 2 days.

Public Goods

• ENS Discussion; [Draft] [Executable] Support the Protocol Guild Pilot.

  • This proposal discussion on the ENS forum is proposing that the ENS DAO should support the Protocol Guild Pilot, it is being suggested that a vested split contract to fund 110 Ethereum core protocol contributors.

  • Specifically, the proposer is suggesting that 200k ENS (~3.7% of the unclaimed airdrop 6) should be allocated to Protocol Guild in recognition of the past and ongoing work of these core contributors, these contributors built and consistently maintain and improve the core Ethereum infrastructure that is powering the decentralized web. The 200k ENS is worth $2.49 million in USD as of May 25, 2022, when this post was written.

  • This is comparable to what we've already recommended for other well-known Ethereum-based protocols.

• ENS Proposal; Working Group Rules.

  • This proposal seeks to repeal the working group rules made in EP4 and replace them.

  • The proposed working group rules provide further details about Steward obligations and working group fund management, as well as introduce the requirement that each working group chooses a lead steward.

  • The specifications contained in the proposal also include a rule for appointing a new DAO Secretary, who will be in charge of maintaining working relationships and communicating among working groups, as well as performing administrative functions for the DAO.

  • This proposal expires in 4 days.

Creator Economy

• SuperRare Proposal; Proposal to allocate 5M RARE to fund developer bounties.

  • This proposal seeks to upgrade SuperRare network payment methods to include $RARE, DAI, and USDC.

  • The new smart contract supports the functionality of these coins but the visual design and front-end updates will need to be prioritized to make it feasible.

  • The benefits: Increasing the utility of $RARE, distributing gov tokens to participants, paying artists in stable coins, organically diversifying revenue streams, and expanding the potential market reach.

  • Drawbacks: Cost and time of redesign and counter-party risk of a “permission” token like USDC.

  • The proposal expires in 6 days.

• SuperRare Proposal; Allocate $RARE from the treasury to engage market makers and liquidity providers

  • This proposal seeks to allocate up to 30M $RARE.

  • Methods of providing liquidity:

    • Loan agreements with Council- approved market makers

    • Discounted purchase of $RARE to Council- approved market makers

    • Incentivized liquidity mining program

Infrastructure & Tooling

• Rocket Pool Discussion; oDAO Changes for the Near Future.

  • To give context, two oDAO nodes both operated by Rocket Pool Pty Ltd were compromised and subsequently voted out of the oDAO. This security incident has prompted changes to the oDAO.

  • The oDAO is now only accepting new members through an application and majority vote.

  • The oDAO is planning on expanding to 18 members to increase security for the nodes.

  • A term limit of one year is proposed for oDAO members

  • Members should be restricted to individuals and no more than two individuals from a single organization.

• Pokt Discussion; POKT Monetary Concerns and Recommendations.

  • This proposal seeks to use $2M of the pokt treasury to diversify into physical assets, Bitcoin, and an investment company.

  • $800,00 will be used to purchase gold, $600,000 for silver, and $600,000 for Bitcoin.

  • Create an investment company to send 2% of all Pocket Network revenue on a quarterly basis. The investments will focus on low-risk investments ie land, index fund, and REITs.

  • This proposal also seeks to implement a gradual and incremental burn rate.