
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 Temp Check; Sigma Prime Security Assessment Services for Aave.
This temp check seeks to utilize Sigma Prime’s security assessment over a year period for a range of $1.3 - $1.5M in USDC.
50% of the fee will be paid upfront while the other 50% will be paid upon completion.
The security assessment will focus on the migration of Aave v2 to v3, new Aave tokens, a new iteration of governance based on proof of voting, and the migration of the AAVE/ETH Balancer pool.
Scopes of services and Engagement Process can be found on the Aave discussion post.
Balancer Discussion; Delegate Compensation.
This discussion raises the point that many delegates who are trusted by individuals should be compensated for their support of the DAO
To be eligible for compensation the delegates must:
Contribute to forum discussion
Participate in voting
Update their delegate thread with transparent votes on a cadence
This begs the question of how much and how often should the delegates get paid?
Public Goods
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 Proposal; Gitcoin // Radicle Public Goods Alliance.
This proposal was created for the formation of a public good alliance between Gitcoin and Radicle.
Gitcoin and Radicle will provide a mutual grant of their respective native tokens (GTC and RAD). Both DAOs will delegate voting power from these tokens to their multi-sig. Radicle will receive 500,000 GTC and Gitcoin will receive a range of RAD (depending on the ultimate award rate), making both DAOs top ten delegates in each other's governance.
Gitcoin Proposal; Ratify Foundation changes, DAO gov updates, and asset transfer.
Creator Economy
Super Rare Temp Check; Creation of a Strategic Finance Unit for SuperRare
This Temp Check is to see if it makes sense to create an SFU for the following tasks:
Create financial statements like P&Ls and income statements
Create monthly budgets for each sector of SR
Create an overall strategy for the treasury ie. should the treasury be held in eth or stables?
Create guidelines for rewards and salaries
This post might be combing Super Rare Labs and Super Rare DAO
Would be helpful to correct the author where necessary
Bankless Temp Check; Polygon implementation.
This proposal seeks to purchase MATIC and other Layer 2 tokens for bridging and gas fees on Layer 2 networks.
This proposal has an initial budget of $500 worth of BANK being transferred for MATIC to cover the bridging and gas costs on the polygon network.
It will be up to the DAO’s discretion if more L2s tokens are needed for fees or if there are leftover tokens.
Infrastructure & Tooling
Pokt Discussion; The Phase Plan.
This plan seeks to secure the network, reduce network infrastructure and further reduce inflation.
The first phase of this plan will be the Security Phase:
Increase the block production rewards which will then create an unstake event in order to consolidate POKT to create validators.
Increase the min stake (30k) to reduce the number of nodes on the network.
Validation rewards to 27% and Servicer rewards to 69%
The second phase will be the Optimization Phase:
Adding in a lite client after the security phase to optimize inflation without putting too much of a burden on node runners.
This will increase the growth potential due to there being fewer nodes on the network and the nodes being cheaper to run.
This idea however crushes those who run 1 pokt node and can’t afford the 30k min.
DeFi
Aave Temp Check; Sigma Prime Security Assessment Services for Aave.
This temp check seeks to utilize Sigma Prime’s security assessment over a year period for a range of $1.3 - $1.5M in USDC.
50% of the fee will be paid upfront while the other 50% will be paid upon completion.
The security assessment will focus on the migration of Aave v2 to v3, new Aave tokens, a new iteration of governance based on proof of voting, and the migration of the AAVE/ETH Balancer pool.
Scopes of services and Engagement Process can be found on the Aave discussion post.
Balancer Discussion; Delegate Compensation.
This discussion raises the point that many delegates who are trusted by individuals should be compensated for their support of the DAO
To be eligible for compensation the delegates must:
Contribute to forum discussion
Participate in voting
Update their delegate thread with transparent votes on a cadence
This begs the question of how much and how often should the delegates get paid?
Public Goods
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 Proposal; Gitcoin // Radicle Public Goods Alliance.
This proposal was created for the formation of a public good alliance between Gitcoin and Radicle.
Gitcoin and Radicle will provide a mutual grant of their respective native tokens (GTC and RAD). Both DAOs will delegate voting power from these tokens to their multi-sig. Radicle will receive 500,000 GTC and Gitcoin will receive a range of RAD (depending on the ultimate award rate), making both DAOs top ten delegates in each other's governance.
Gitcoin Proposal; Ratify Foundation changes, DAO gov updates, and asset transfer.
Creator Economy
Super Rare Temp Check; Creation of a Strategic Finance Unit for SuperRare
This Temp Check is to see if it makes sense to create an SFU for the following tasks:
Create financial statements like P&Ls and income statements
Create monthly budgets for each sector of SR
Create an overall strategy for the treasury ie. should the treasury be held in eth or stables?
Create guidelines for rewards and salaries
This post might be combing Super Rare Labs and Super Rare DAO
Would be helpful to correct the author where necessary
Bankless Temp Check; Polygon implementation.
This proposal seeks to purchase MATIC and other Layer 2 tokens for bridging and gas fees on Layer 2 networks.
This proposal has an initial budget of $500 worth of BANK being transferred for MATIC to cover the bridging and gas costs on the polygon network.
It will be up to the DAO’s discretion if more L2s tokens are needed for fees or if there are leftover tokens.
Infrastructure & Tooling
Pokt Discussion; The Phase Plan.
This plan seeks to secure the network, reduce network infrastructure and further reduce inflation.
The first phase of this plan will be the Security Phase:
Increase the block production rewards which will then create an unstake event in order to consolidate POKT to create validators.
Increase the min stake (30k) to reduce the number of nodes on the network.
Validation rewards to 27% and Servicer rewards to 69%
The second phase will be the Optimization Phase:
Adding in a lite client after the security phase to optimize inflation without putting too much of a burden on node runners.
This will increase the growth potential due to there being fewer nodes on the network and the nodes being cheaper to run.
This idea however crushes those who run 1 pokt node and can’t afford the 30k min.
This is a proposal to ratify a new set of proposed Foundation governance documents that would record the Foundation's operational standards. These include a new Memorandum of Association and Bylaws. These documents have been reviewed by members of the community (including LexDAO friends and our own legal counsel) and have received no complaints, therefore we believe they are ready to be submitted for approval and ratification.
In general, these documents direct the Foundation to carry out DAO governance decisions, subject to statutory or other legal limitations. They also let the Foundation or its subsidiaries spend cash under their control (i.e. assets transferred, not treasury) to progress protocol development until Grants 2.0 is operational and meets all legal and other essential requirements (like establishing AML processes, hiring accounting firms, etc).
This is a proposal to ratify a new set of proposed Foundation governance documents that would record the Foundation's operational standards. These include a new Memorandum of Association and Bylaws. These documents have been reviewed by members of the community (including LexDAO friends and our own legal counsel) and have received no complaints, therefore we believe they are ready to be submitted for approval and ratification.
In general, these documents direct the Foundation to carry out DAO governance decisions, subject to statutory or other legal limitations. They also let the Foundation or its subsidiaries spend cash under their control (i.e. assets transferred, not treasury) to progress protocol development until Grants 2.0 is operational and meets all legal and other essential requirements (like establishing AML processes, hiring accounting firms, etc).
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