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...
Subscribe to Wildfiredao.eth
Subscribe to Wildfiredao.eth
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
DeFi
Aave Temp Check; Add 1inch as collateral.
This temp check seeks to add the 1inch token as a collateral asset in Aave.
1inch has a $160B trading volume, 5.91M swaps, and 1.25M, users
The risk ratings are as followed:
Average Smart-Contract - B
Average Counterparty Risk - B
Average Market Risk - B
A quick look at token distributions:
StepVesting - 60%
Token Millionaire - 15%
“This means that 60% of tokens are vesting and among the top 81 wallets holding more than 2.5m inch, 75% of tokens are unvested. A vesting event can change the dynamic and impact price” -Alex_BertoG
Balancer Temp Check; Update DAO Multisig Replacement List.
After bringing on multiple possible replacements for the DAO multi-sig, it is necessary to refresh the list of replacements.
The replacements in question are:
Lewis- Stablecoin Labs
Mounir - Paraswap
Anna - Cowswap
Kaito - Utopia Labs
Mr. Kind Beethovenx
Hubert - StakeDAO
If these candidates are approved they will be placed on the replacement list.
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 Discussion; Treasury Diversification Update.
The author proposes putting $15 million of GTC (4.6 million GTC at the time of writing) to a multi-sig wallet. $3 million of the $15 million in GTC will be exchanged for USDC through an agency desk to fulfill crucial DAO workstream financial needs. The remaining $12 million will be used to diversify the treasury for strategic partners. After the strategic diversification, whatever GTC remains will be returned to the Treasury. Given the present market conditions and Gitcoin's operational requirements, the author believes this is a wise decision.
Treasury 1 of Gitcoin DAO now owns 23 million GTC (approximately $73.4 million). The Treasury Vester of the GitcoinDAO possesses another 26 million GTC, which will be distributed to the DAO over time.
The vast bulk of the DAO's funds are stored in GTC, with only a small percentage retained in stablecoins. The DAO has $280k in DAI and USDC at the end of May.
Creator Economy
SuperRare Discussion; Improve the Online Experience.
Some improvements that could be made to the SuperRare website:
Improve the UI due to loading times
Integrate a “Dark Mode”
Integrate a SuperRare APP for mobile devices that is easy to use.
It would be helpful to add:
speculation on what the costs associated would be
how long it would take
further improvements that could be made to the website.
Infrastructure & Tooling
Pokt Discussion; Increase Minimum Number of Proofs.
140,000 of 300,000 POKT transactions per day account for 2% of POKT minted.
Increasing the number of proofs would exclude worthless transactions from being included in the blocks.
This will allow more growth and a smoother experience for the block but decrease node rewards.
DeFi
Aave Temp Check; Add 1inch as collateral.
This temp check seeks to add the 1inch token as a collateral asset in Aave.
1inch has a $160B trading volume, 5.91M swaps, and 1.25M, users
The risk ratings are as followed:
Average Smart-Contract - B
Average Counterparty Risk - B
Average Market Risk - B
A quick look at token distributions:
StepVesting - 60%
Token Millionaire - 15%
“This means that 60% of tokens are vesting and among the top 81 wallets holding more than 2.5m inch, 75% of tokens are unvested. A vesting event can change the dynamic and impact price” -Alex_BertoG
Balancer Temp Check; Update DAO Multisig Replacement List.
After bringing on multiple possible replacements for the DAO multi-sig, it is necessary to refresh the list of replacements.
The replacements in question are:
Lewis- Stablecoin Labs
Mounir - Paraswap
Anna - Cowswap
Kaito - Utopia Labs
Mr. Kind Beethovenx
Hubert - StakeDAO
If these candidates are approved they will be placed on the replacement list.
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 Discussion; Treasury Diversification Update.
The author proposes putting $15 million of GTC (4.6 million GTC at the time of writing) to a multi-sig wallet. $3 million of the $15 million in GTC will be exchanged for USDC through an agency desk to fulfill crucial DAO workstream financial needs. The remaining $12 million will be used to diversify the treasury for strategic partners. After the strategic diversification, whatever GTC remains will be returned to the Treasury. Given the present market conditions and Gitcoin's operational requirements, the author believes this is a wise decision.
Treasury 1 of Gitcoin DAO now owns 23 million GTC (approximately $73.4 million). The Treasury Vester of the GitcoinDAO possesses another 26 million GTC, which will be distributed to the DAO over time.
The vast bulk of the DAO's funds are stored in GTC, with only a small percentage retained in stablecoins. The DAO has $280k in DAI and USDC at the end of May.
Creator Economy
SuperRare Discussion; Improve the Online Experience.
Some improvements that could be made to the SuperRare website:
Improve the UI due to loading times
Integrate a “Dark Mode”
Integrate a SuperRare APP for mobile devices that is easy to use.
It would be helpful to add:
speculation on what the costs associated would be
how long it would take
further improvements that could be made to the website.
Infrastructure & Tooling
Pokt Discussion; Increase Minimum Number of Proofs.
140,000 of 300,000 POKT transactions per day account for 2% of POKT minted.
Increasing the number of proofs would exclude worthless transactions from being included in the blocks.
This will allow more growth and a smoother experience for the block but decrease node rewards.
Gitcoin Discussion; A Compensation Commitment.
This proposal discussion intends to address many of the difficulties that have arisen as a result of GitcoinDAO's wacky compensation, and to serve as a stopgap measure until we have a proper compensation framework in place by the end of S14.
By the start of S15, the author hopes to have a Gitcoin-specific competency leveling framework in place, as well as improved market data on crypto sector salary levels, allowing others outside the Compensation Committee to create salary offers that are consistent with the DAO as a whole.
The team also plans to implement a treasury strategy that allows for more imaginative compensation structures, such as percentages paid out in stables, GTC pay incentives, and so forth. The team also plans to establish a clearer framework for freely discussing wage data, such as pay bands or something even more transparent.
Gitcoin Discussion; A Compensation Commitment.
This proposal discussion intends to address many of the difficulties that have arisen as a result of GitcoinDAO's wacky compensation, and to serve as a stopgap measure until we have a proper compensation framework in place by the end of S14.
By the start of S15, the author hopes to have a Gitcoin-specific competency leveling framework in place, as well as improved market data on crypto sector salary levels, allowing others outside the Compensation Committee to create salary offers that are consistent with the DAO as a whole.
The team also plans to implement a treasury strategy that allows for more imaginative compensation structures, such as percentages paid out in stables, GTC pay incentives, and so forth. The team also plans to establish a clearer framework for freely discussing wage data, such as pay bands or something even more transparent.
No activity yet