DeFi

• Aave Proposal; Bounty on Fallback Oracle Misconfiguration.

  • This proposal seeks to reward a $50,000 bounty to the Hacxyk Team, to be paid in USDC

  • The Hacxyk Team provided a security disclosure involving a misconfiguration of the fallback oracle on the Aave v3 markets that left $3B worth of assets at risk.

  • This proposal expires on June 19th at 3:00 AM PT.

• Element Discussion; Bootstrap Work Stream.

  • Element DAO has no active contributors and a temporary workstream could incentivize task completion until a formal structure is in place.

  • ELFI at the moment only has voting power, and no monetary value, so USDC would be used until the treasury is fully operational

  • The four working pods to fund would be Operations, Governance Experimentation & Research, Community & Administration, and Revenue Generation.

  • This would be a huge step forward for Element DAO, it is encouraged that everyone contributes to this discussion.

• Balancer Discussion; Whitelist OlympusDAO Gnosis Safe for Balancer’s VotingEscrow.

  • This proposal seeks to whitelist OlympusDAO so they are able to participate in governance for the Balancer DAO.

  • OlympusDAO is a decentralized reserved currency protocol backed by DAI, wETH, FRAX, etc.

  • Olympus is looking for a closer partnership and to incentivize more liquidity to flow through Balancer.

Public Goods

• ENS Discussion; This discussion is centered around a Draft Proposal to create a robust working culture that encourages high standards for inclusivity, representation, and respect within the DAO. 

  • The author describes this as a high-impact document that serves as one of the DAO’s foundations for a thriving and globally focused ecosystem.

  • The ENS DAO's Code of Conduct directs members toward the optimum course of action while also demonstrating cultural practices that recognize and respect individual agency and will to power. 

  • Dynamic Proposals, which are subject to bi-annual modification by Council, are also introduced in the Code of Conduct.

• Gitcoin Discussion; This is a discussion considering a Proposal for a Carbon Neutral Policy at Gitcoin.

  • This proposal would ratify Gitcoin DAO's desire to become entirely carbon-neutral, and put in place Phase 1 of a carbon-neutral policy.

  • In Phase 1, the author suggests that the DAO fully offsets its on-chain energy consumption for its Grants program and GTC token up to this point and that the DAO commits to continue to offset our energy consumption for grants and GTC in the future.

Creator Economy

• Bankless Discussion; An Idea to Improve Coordinape.

  • 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; Weighted Staking.

  • This proposal seeks to change the staking by having tiers of rewards scaling and floor each validator’s stake to the lowest 15k region.

  • This approach adds no state bloating and can be done in 5 lines of code.

  • This will change the scale to a more equitable one, which will lower the costs but nodes won’t get paid to do the same work. It will also be harder to track rewards.

DeFi

• Aave Proposal; Bounty on Fallback Oracle Misconfiguration.

  • This proposal seeks to reward a $50,000 bounty to the Hacxyk Team, to be paid in USDC

  • The Hacxyk Team provided a security disclosure involving a misconfiguration of the fallback oracle on the Aave v3 markets that left $3B worth of assets at risk.

  • This proposal expires on June 19th at 3:00 AM PT.

• Element Discussion; Bootstrap Work Stream.

  • Element DAO has no active contributors and a temporary workstream could incentivize task completion until a formal structure is in place.

  • ELFI at the moment only has voting power, and no monetary value, so USDC would be used until the treasury is fully operational

  • The four working pods to fund would be Operations, Governance Experimentation & Research, Community & Administration, and Revenue Generation.

  • This would be a huge step forward for Element DAO, it is encouraged that everyone contributes to this discussion.

• Balancer Discussion; Whitelist OlympusDAO Gnosis Safe for Balancer’s VotingEscrow.

  • This proposal seeks to whitelist OlympusDAO so they are able to participate in governance for the Balancer DAO.

  • OlympusDAO is a decentralized reserved currency protocol backed by DAI, wETH, FRAX, etc.

  • Olympus is looking for a closer partnership and to incentivize more liquidity to flow through Balancer.

Public Goods

• ENS Discussion; This discussion is centered around a Draft Proposal to create a robust working culture that encourages high standards for inclusivity, representation, and respect within the DAO. 

  • The author describes this as a high-impact document that serves as one of the DAO’s foundations for a thriving and globally focused ecosystem.

  • The ENS DAO's Code of Conduct directs members toward the optimum course of action while also demonstrating cultural practices that recognize and respect individual agency and will to power. 

  • Dynamic Proposals, which are subject to bi-annual modification by Council, are also introduced in the Code of Conduct.

• Gitcoin Discussion; This is a discussion considering a Proposal for a Carbon Neutral Policy at Gitcoin.

  • This proposal would ratify Gitcoin DAO's desire to become entirely carbon-neutral, and put in place Phase 1 of a carbon-neutral policy.

  • In Phase 1, the author suggests that the DAO fully offsets its on-chain energy consumption for its Grants program and GTC token up to this point and that the DAO commits to continue to offset our energy consumption for grants and GTC in the future.

Creator Economy

• Bankless Discussion; An Idea to Improve Coordinape.

  • 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; Weighted Staking.

  • This proposal seeks to change the staking by having tiers of rewards scaling and floor each validator’s stake to the lowest 15k region.

  • This approach adds no state bloating and can be done in 5 lines of code.

  • This will change the scale to a more equitable one, which will lower the costs but nodes won’t get paid to do the same work. It will also be harder to track rewards.