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; Funding Proposal for the Balancer DAO Foundation.
This proposal seeks funding for the legal entity that is the Balancer DAO Foundation which will act as an agent on behalf of the DAO.
The funding requirements for each quarter are:
2022 Q2 - 32,941 USDC
2022 Q3 - 67,919 USDC
2022 Q4 - 67,969 USDC
2022 Q1 - 78,384 USDC
Foundation Self Insurance Reserve - $500,000
The overview list of expenses is:
Annual Secretary Fee
Campbells Corporate Services
Self Insurance Reserve
Bank Fees
Accounting Software
Domain Hosting
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Balancer Proposal; Enable FIAT/USDC/DAI Stableswap Gauge.
This proposal seeks to add two stableswaps pools:
FIAT-USDC-DAI
FIAT-USDC-FRAX
The specifications of $FIAT:
FIAT DAO is an on-chain organization.
$FIAT is an ERC-20 governance token that is a DAI like asset-backed with a less liquid derivative
Audits can be found here
$FDT holders determine which assets are supported as collateral and the parameters that are associated.
$FIAT has been live since April 2022
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Balancer Proposal; Request BAL from the treasury for June 2022 Balaries.
This proposal seeks to put more BAL into the ops multisig due to the devaluation of BAL.
To cover the difference ($127,500-76,892) is 22,805 BAL at $3.66 value.
This would leave an excess of ~$30,000 in the multisig
If BAL price falls lower, more funds will be required
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Balancer Proposal; Fund the Balancer Maxis for Q3.
This proposal seeks funding for the Balancer Maxis group in the amount of 6,875 BAL (1,250 per person except one) for a 3 month period,
Additionally 4,100 BAL for gas and coordinape costs.
The Balancer Maxis group will focus on:
Multisig Management
Governance
User/project support
Community
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Infrastructure & Tooling
Pokt Proposal; Stake-Weighted Servicer Rewards.
This proposal seeks to enable weighted staking by scaling per-relay rewards based on the size of a servicer.
The pros of this change are:
Reduced cost to run the network
Simple change
East to calibrate
A positive side-effect of increasing min validator stake
The cons are:
Nodes don’t get paid for the same work.
Harder to track rewards.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Triforce Shard Income Proposal.
This proposal seeks 0.20% of total DAO rewards for the remainder of 2022 for a maximum of 50 external Triforce Shards.
Each shard is going to be paid on an increasing logarithmic scale that diminishes after 5mn and until 50mn.
The maximum amount of relays is 2.5B per day to safeguard the DAO treasury and inflation targets.
DeFi
Balancer Proposal; Funding Proposal for the Balancer DAO Foundation.
This proposal seeks funding for the legal entity that is the Balancer DAO Foundation which will act as an agent on behalf of the DAO.
The funding requirements for each quarter are:
2022 Q2 - 32,941 USDC
2022 Q3 - 67,919 USDC
2022 Q4 - 67,969 USDC
2022 Q1 - 78,384 USDC
Foundation Self Insurance Reserve - $500,000
The overview list of expenses is:
Annual Secretary Fee
Campbells Corporate Services
Self Insurance Reserve
Bank Fees
Accounting Software
Domain Hosting
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Balancer Proposal; Enable FIAT/USDC/DAI Stableswap Gauge.
This proposal seeks to add two stableswaps pools:
FIAT-USDC-DAI
FIAT-USDC-FRAX
The specifications of $FIAT:
FIAT DAO is an on-chain organization.
$FIAT is an ERC-20 governance token that is a DAI like asset-backed with a less liquid derivative
Audits can be found here
$FDT holders determine which assets are supported as collateral and the parameters that are associated.
$FIAT has been live since April 2022
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Balancer Proposal; Request BAL from the treasury for June 2022 Balaries.
This proposal seeks to put more BAL into the ops multisig due to the devaluation of BAL.
To cover the difference ($127,500-76,892) is 22,805 BAL at $3.66 value.
This would leave an excess of ~$30,000 in the multisig
If BAL price falls lower, more funds will be required
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Balancer Proposal; Fund the Balancer Maxis for Q3.
This proposal seeks funding for the Balancer Maxis group in the amount of 6,875 BAL (1,250 per person except one) for a 3 month period,
Additionally 4,100 BAL for gas and coordinape costs.
The Balancer Maxis group will focus on:
Multisig Management
Governance
User/project support
Community
This proposal will expire on June 26th, 2022 at 5:30 AM PT.
Infrastructure & Tooling
Pokt Proposal; Stake-Weighted Servicer Rewards.
This proposal seeks to enable weighted staking by scaling per-relay rewards based on the size of a servicer.
The pros of this change are:
Reduced cost to run the network
Simple change
East to calibrate
A positive side-effect of increasing min validator stake
The cons are:
Nodes don’t get paid for the same work.
Harder to track rewards.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Triforce Shard Income Proposal.
This proposal seeks 0.20% of total DAO rewards for the remainder of 2022 for a maximum of 50 external Triforce Shards.
Each shard is going to be paid on an increasing logarithmic scale that diminishes after 5mn and until 50mn.
The maximum amount of relays is 2.5B per day to safeguard the DAO treasury and inflation targets.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Scholarship Fund.
This proposal seeks 10,000 POKT for a scholarship imbursement for students, speakers, and educators.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Pokt.tools
This proposal is requesting reimbursement for the development of POKT Tools and continually fund in order to operate the tools
The budget will be 494,778 $POKT with 366,502 towards the project budget with premiums and 128,276 towards a 35% safety net premium towards Too Great Labs, LLC.
New features and improvements will be based on feedback from the community.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Increasing Validator Rewards from 1% to 5% Immediately.
This proposal seeks to increase validator rewards by 4%.
This change will promote:
Protocol security by driving up validator stake
Reducing node count to address over-provisioning
Overall this proposal seeks to create a natural economic incentive for nodes to consolidate.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Scholarship Fund.
This proposal seeks 10,000 POKT for a scholarship imbursement for students, speakers, and educators.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Pokt.tools
This proposal is requesting reimbursement for the development of POKT Tools and continually fund in order to operate the tools
The budget will be 494,778 $POKT with 366,502 towards the project budget with premiums and 128,276 towards a 35% safety net premium towards Too Great Labs, LLC.
New features and improvements will be based on feedback from the community.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
Pokt Proposal; Increasing Validator Rewards from 1% to 5% Immediately.
This proposal seeks to increase validator rewards by 4%.
This change will promote:
Protocol security by driving up validator stake
Reducing node count to address over-provisioning
Overall this proposal seeks to create a natural economic incentive for nodes to consolidate.
This proposal will expire on June 28th, 2022 at 5:30 PM PT.
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