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
Balancer Proposal; Unclaimed BAL Rewards.
After speaking with the BAL team, the devs realized that they made a mistake with the structure of the voting escrow and gauge management contracts.
This led to 34,344 BAL that will be unclaimable on the BalancerMinter.
This proposal asks the Balancer DAO to OTC the BAL tokens to the Tribe DAO
This proposal expires on June 12th at 7:00 AM PT.
Balancer Proposal; Implement New Gauge Requirements.
The swap fee on the CREAM/WETH gauge has been set to 10% in order to prevent trading in the pool so as to passively farm BAL rewards.
Balancer proposes:
Each gauge must be set to Balancer Governance if it does not have a good reason not to
If Balancer Governance is not the owner, any change to the swap fee has to give 24 hours of advanced notice in the Balancer discord.
If these rules are not followed, the gauges are subject to being killed at the hands of the Emergency subDAO
This proposal expires on June 12th at 7:00 AM PT.
Balancer Proposal; Allocate BAL towards Ethereum<>Otipmism Bridge Liquidity.
Since adding Balancer on Optimism, it is important to maintain liquidity
This proposal seeks to send 40,000 BAL from the DAO Multisig to the pool on Optimism
Since the treasury holds 4M BAL, this would be 1% of the treasury or ~$304,000 in USD
Risks:
If the multichain is exploited the BAL is lost
Bridge liquidity is one-sided which means an event can happen where it would be impossible to withdraw BAL.
This proposal expires on June 12th at 7:00 AM PT.
Balancer Proposal; Operating Framework for BalancerDAO.
This proposal seeks to set guidelines for how the DAO should operate internally and externally to increase the overall efficiency and transparency of the DAO.
Process for Funding Service Providers:
SPs that require less than $100k should go through grants while over $100k should be pursued as an SP.
Service providers, working groups, and subDAO should be considered synonyms.
SPs have the option to go through the Foundation for a funding proposal, wherein the Foundation will create the proposal on behalf of the SP.
Domains of Operation:
Examples of Domains are protocol development, marketing, community, etc.
Outlining Domains of Operations will reduce inefficient overlap.
Each SP should be transparent on record keeping and the handing over of records if the SP ceases to operate.
Key Objectives:
High-level goals or a list of tasks the SPs can work towards.
A brief of how the funds will be spent and the timeline that the SP will spend said funds in
Accountability Mechanisms:
All SPs must hold monthly calls and keep the recording of the calls available for at least three months.
Public Goods
ENS Proposal; Dissolve Community Working Group.
This is a proposal to dissolve the Community Working Group at the end of its First Term in 2022, as per rule 3 of the present working group regulations passed under EP 4.
If this proposal is approved, the Community Working Group will be disbanded after the end of the ENS DAO's First Term in 2022, leaving only three working groups: The Meta-Governance Working Group, The ENS Ecosystem, and The Public Goods Working Group.
The proposal author believes that the same standard should apply to the dissolution of working groups, based on the fact that new working groups cannot be formed inside the DAO unless "...the task cannot be completed within an existing working group" (rule 2).
According to the author of this proposal, after speaking with the Lead Stewards of both the Community Working Group (@Coltron.eth) and the ENS Ecosystem Working Group (@slobo.eth) about their First Term experiences leading their respective working groups, it is clear that all of the Community Working Group's work could be done by the ENS Ecosystem Working Group. Any effort that does not fit into the Ecosystem Working Group of the ENS could be hosted in the Meta-Governance Working Group or the Public Goods Working Group.
ENS Proposal; The ENS DAO is currently conducting Steward Elections for the various Working Groups, these Stewards will go on to play vital roles in each of these working groups.
DeFi
Balancer Proposal; Unclaimed BAL Rewards.
After speaking with the BAL team, the devs realized that they made a mistake with the structure of the voting escrow and gauge management contracts.
This led to 34,344 BAL that will be unclaimable on the BalancerMinter.
This proposal asks the Balancer DAO to OTC the BAL tokens to the Tribe DAO
This proposal expires on June 12th at 7:00 AM PT.
Balancer Proposal; Implement New Gauge Requirements.
The swap fee on the CREAM/WETH gauge has been set to 10% in order to prevent trading in the pool so as to passively farm BAL rewards.
Balancer proposes:
Each gauge must be set to Balancer Governance if it does not have a good reason not to
If Balancer Governance is not the owner, any change to the swap fee has to give 24 hours of advanced notice in the Balancer discord.
If these rules are not followed, the gauges are subject to being killed at the hands of the Emergency subDAO
This proposal expires on June 12th at 7:00 AM PT.
Balancer Proposal; Allocate BAL towards Ethereum<>Otipmism Bridge Liquidity.
Since adding Balancer on Optimism, it is important to maintain liquidity
This proposal seeks to send 40,000 BAL from the DAO Multisig to the pool on Optimism
Since the treasury holds 4M BAL, this would be 1% of the treasury or ~$304,000 in USD
Risks:
If the multichain is exploited the BAL is lost
Bridge liquidity is one-sided which means an event can happen where it would be impossible to withdraw BAL.
This proposal expires on June 12th at 7:00 AM PT.
Balancer Proposal; Operating Framework for BalancerDAO.
This proposal seeks to set guidelines for how the DAO should operate internally and externally to increase the overall efficiency and transparency of the DAO.
Process for Funding Service Providers:
SPs that require less than $100k should go through grants while over $100k should be pursued as an SP.
Service providers, working groups, and subDAO should be considered synonyms.
SPs have the option to go through the Foundation for a funding proposal, wherein the Foundation will create the proposal on behalf of the SP.
Domains of Operation:
Examples of Domains are protocol development, marketing, community, etc.
Outlining Domains of Operations will reduce inefficient overlap.
Each SP should be transparent on record keeping and the handing over of records if the SP ceases to operate.
Key Objectives:
High-level goals or a list of tasks the SPs can work towards.
A brief of how the funds will be spent and the timeline that the SP will spend said funds in
Accountability Mechanisms:
All SPs must hold monthly calls and keep the recording of the calls available for at least three months.
Public Goods
ENS Proposal; Dissolve Community Working Group.
This is a proposal to dissolve the Community Working Group at the end of its First Term in 2022, as per rule 3 of the present working group regulations passed under EP 4.
If this proposal is approved, the Community Working Group will be disbanded after the end of the ENS DAO's First Term in 2022, leaving only three working groups: The Meta-Governance Working Group, The ENS Ecosystem, and The Public Goods Working Group.
The proposal author believes that the same standard should apply to the dissolution of working groups, based on the fact that new working groups cannot be formed inside the DAO unless "...the task cannot be completed within an existing working group" (rule 2).
According to the author of this proposal, after speaking with the Lead Stewards of both the Community Working Group (@Coltron.eth) and the ENS Ecosystem Working Group (@slobo.eth) about their First Term experiences leading their respective working groups, it is clear that all of the Community Working Group's work could be done by the ENS Ecosystem Working Group. Any effort that does not fit into the Ecosystem Working Group of the ENS could be hosted in the Meta-Governance Working Group or the Public Goods Working Group.
ENS Proposal; The ENS DAO is currently conducting Steward Elections for the various Working Groups, these Stewards will go on to play vital roles in each of these working groups.
A monthly summary that details progress towards key objectives should be published ahead of the monthly calls
Anyone can create a proposal to cease funding for an SP.
There will also be monthly mandatory internal meetings by at least one representative of each SP.
Delegate System:
Large veBAL holders have the strongest incentive for the success of SPs.
Delegates should be chosen to represent the community.
Voting:
SPs should not vote on their own proposals and should not compensate holders for preferable voting.
The “Abstain” voting option will be added to avoid conflict of interest.
Risk Assessment:
A large veBAL token holder could vote in the favor of his/her own SP
SP can be funded and not follow through with its goals.
If a large amount of SP requests funding, it could increase the burn rate to an unstainable rate.
ENS Ecosystem Steward Election: Q3/Q4 2022
Community Steward Election: Q3/Q4 2022
Public Goods Steward Election: Q3/Q4 2022
A monthly summary that details progress towards key objectives should be published ahead of the monthly calls
Anyone can create a proposal to cease funding for an SP.
There will also be monthly mandatory internal meetings by at least one representative of each SP.
Delegate System:
Large veBAL holders have the strongest incentive for the success of SPs.
Delegates should be chosen to represent the community.
Voting:
SPs should not vote on their own proposals and should not compensate holders for preferable voting.
The “Abstain” voting option will be added to avoid conflict of interest.
Risk Assessment:
A large veBAL token holder could vote in the favor of his/her own SP
SP can be funded and not follow through with its goals.
If a large amount of SP requests funding, it could increase the burn rate to an unstainable rate.
ENS Ecosystem Steward Election: Q3/Q4 2022
Community Steward Election: Q3/Q4 2022
Public Goods Steward Election: Q3/Q4 2022
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