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
Aave Proposal; Add Rocket Pool’s rETH on Aave v2 Mainnet Market.
This proposal seeks to add borrow/lend support for Rocket Pool’s rETH on Aave
Stakers can deposit as little as 0.01 ETH in exchange for rETH.
Node operators deposit 16 ETH, with a min of 1.6 ETH of RPL tokens as collateral to stake on behalf of the pool.
Rocket pool has not seen any major losses or hacks for the 6 months it has been live.
There is a governance risk in the dual DAO model between the oDAO and pDAO.
Risk Parameters:
LTV: (rETH - 70%) vs (ETH - 82.5%)
Liquuidation Threshold: (rETH - 75%) vs (ETH - 85%)
Liquidation Bonus: (rETH - 7.5%) vs (ETH - 5%)
Reserve Factor: (rETH - 10%) vs (ETH - 10%)
This proposal expires in 4 days.
Aave Proposal;Whitelist deBrdge for Portals V3.
This proposal seeks to whitelist deBridge and approve the following lines of credit:
$4M of USDC per chain
$4M USDT per chain
2,000 ETH per chain
deBridge is a generic messaging and cross-chain interoperability protocol that enables decentralized transfers of arbitrary data and assets between blockchains
Audits & Security Reports from Halborn, Zokyo, Ackee Blockchain, and Neodyme
This proposal expires in 2 days.
Balancer Proposal; Allocate BAL to a Ribbon Finance Vault.
This proposal seeks to deposit BAL into a Ribbon Finance treasury vault and sell monthly calls at:
25% strike OTM for a 38% APY
50% strike OTM for a 10.92% APY
The deposit amount is up for discussion but would be in the range of 250k - 500k BAL. The collected premium would be in USDC.
The assumed upside is a net gain of ~$1.9M (detailed in the proposal).
The assumed downside would either be Ribbon’s Vault being exploited or the price of BAL rising during the month which could result in an overall ~32% loss.
This proposal expires in 2 days.
Balancer Proposal; Send Back 3CRV Stuck to Stake DAO Multisig Address.
Stake DAO is a non-custodial platform built on top of decentralized protocols.
StakeDAO had 83,503 3CRV stuck in a sdveCRV contract and only the Balancer Vault address was eligible to claim.
It has been agreed upon that Balancer will claim the 3CRV and redistribute them to Stake DAO.
Balancer Proposal; Introduce ChildChainGaugeTokenAdder.
This proposal seeks to make adding reward tokens to child chain gauges for L2s like Polygon and Arbitrum safer for the depositors.
The LM multisig is subject to misuse if it accidentally adds incorrect tokens to the gauges. This is especially risky because they have limits of 8 tokens and no way to remove a token once it has been added without a gauge migration.
This proposal expires in 2 days.
Balancer Proposal; Tribe DAO: Boost Delegation.
Tribe DAO has a 2-contract setup with the veBAL system that does not allow gauge staking to benefit from veBAL boosting.
A solution would be to deploy a new version, VotingEscrowDelegation, the contract that would enable the boost for Tribe DAO to be delegated.
This proposal expires in 2 days.
Public Goods
Gitcoin Proposal; Fund FDD Season 14 Budget Request.
This is a budgeting request for Season 14 for the Fraud Detection & Defense (FDD) workstream this budgeting period would be for (1 May 2022 through to 31 July 2022).
Voters will select from the following options:
OPTION 1 - Fund FDD request $390,000 season 14 budget (40% reduction from original request)
OPTION 2 - Fund FDD $330,000 and signal they should not perform a discovery 4 of a Sybil detection / Passport DAO (49% reduction from original request)
OPTION 3 - Fund FDD $200,000 to continue round operations but not support innovation or round to round improvements. (69% reduction from Season 13)
OPTION 4 - Do Not Fund FDD (100% reduction from Season 13)
OPTION 5 - Abstain
The proposal expires in 3 days.
Creator Economy
SuperRare Discussion; Token Swap between SuperRare and Botto DAO
This proposal seeks to swap 1,000,000 $BOTTO with the 30-day weighted average price of $RARE.
This swap also comes with a 1-year lockup stipulation that starts after both Snapshots pass.
Botto is a decentralized autonomous artist that seeks to connect art with capital and community.
This is a temperature check before it is sent to Snapshot.
SuperRare Discussion; SuperRare Collector DAO.
This proposal seeks to allocate 1,000,000 $RARE to a 5-member Collector Committee to collect and commission over a three-month period.
Members will have to apply to the Committee and be approved by the SuperRare Council.
Each member will receive 5,000 $RARE a month unless they choose to defer the payment.
Bankless Proposal; Token Swap between PrimeDAO and BanklessDAO
This proposal seeks to swap $25k worth of $BANK and $D2D on a 30-day average, vested over a year with a 3-month cliff.
After this swap, both DAOs will support each other with DAO development and additional resources on a bi-monthly basis.
Infrastructure & Tooling
Rocket Pool Discussion; POST-MORTEM - Security Incident (05/25/2022)
On May 26th, a remote execution exploit was used to obtain two unencrypted ssh keys which gave access to the two oDAO nodes and private keys.
The two oDAO nodes were compromised and led to a loss of 14.75 worth of ETH (ETH and RPL). The two nodes are no longer functioning.
All server keys have been roasted and a plan is being executed to recover the RPL bonds from the affected oDAO nodes.
In the future, oDAO will now expand and apply 2FA SSH to the nodes along with ssh key rotation and encryption by default in a shared password manager.
DeFi
Aave Proposal; Add Rocket Pool’s rETH on Aave v2 Mainnet Market.
This proposal seeks to add borrow/lend support for Rocket Pool’s rETH on Aave
Stakers can deposit as little as 0.01 ETH in exchange for rETH.
Node operators deposit 16 ETH, with a min of 1.6 ETH of RPL tokens as collateral to stake on behalf of the pool.
Rocket pool has not seen any major losses or hacks for the 6 months it has been live.
There is a governance risk in the dual DAO model between the oDAO and pDAO.
Risk Parameters:
LTV: (rETH - 70%) vs (ETH - 82.5%)
Liquuidation Threshold: (rETH - 75%) vs (ETH - 85%)
Liquidation Bonus: (rETH - 7.5%) vs (ETH - 5%)
Reserve Factor: (rETH - 10%) vs (ETH - 10%)
This proposal expires in 4 days.
Aave Proposal;Whitelist deBrdge for Portals V3.
This proposal seeks to whitelist deBridge and approve the following lines of credit:
$4M of USDC per chain
$4M USDT per chain
2,000 ETH per chain
deBridge is a generic messaging and cross-chain interoperability protocol that enables decentralized transfers of arbitrary data and assets between blockchains
Audits & Security Reports from Halborn, Zokyo, Ackee Blockchain, and Neodyme
This proposal expires in 2 days.
Balancer Proposal; Allocate BAL to a Ribbon Finance Vault.
This proposal seeks to deposit BAL into a Ribbon Finance treasury vault and sell monthly calls at:
25% strike OTM for a 38% APY
50% strike OTM for a 10.92% APY
The deposit amount is up for discussion but would be in the range of 250k - 500k BAL. The collected premium would be in USDC.
The assumed upside is a net gain of ~$1.9M (detailed in the proposal).
The assumed downside would either be Ribbon’s Vault being exploited or the price of BAL rising during the month which could result in an overall ~32% loss.
This proposal expires in 2 days.
Balancer Proposal; Send Back 3CRV Stuck to Stake DAO Multisig Address.
Stake DAO is a non-custodial platform built on top of decentralized protocols.
StakeDAO had 83,503 3CRV stuck in a sdveCRV contract and only the Balancer Vault address was eligible to claim.
It has been agreed upon that Balancer will claim the 3CRV and redistribute them to Stake DAO.
Balancer Proposal; Introduce ChildChainGaugeTokenAdder.
This proposal seeks to make adding reward tokens to child chain gauges for L2s like Polygon and Arbitrum safer for the depositors.
The LM multisig is subject to misuse if it accidentally adds incorrect tokens to the gauges. This is especially risky because they have limits of 8 tokens and no way to remove a token once it has been added without a gauge migration.
This proposal expires in 2 days.
Balancer Proposal; Tribe DAO: Boost Delegation.
Tribe DAO has a 2-contract setup with the veBAL system that does not allow gauge staking to benefit from veBAL boosting.
A solution would be to deploy a new version, VotingEscrowDelegation, the contract that would enable the boost for Tribe DAO to be delegated.
This proposal expires in 2 days.
Public Goods
Gitcoin Proposal; Fund FDD Season 14 Budget Request.
This is a budgeting request for Season 14 for the Fraud Detection & Defense (FDD) workstream this budgeting period would be for (1 May 2022 through to 31 July 2022).
Voters will select from the following options:
OPTION 1 - Fund FDD request $390,000 season 14 budget (40% reduction from original request)
OPTION 2 - Fund FDD $330,000 and signal they should not perform a discovery 4 of a Sybil detection / Passport DAO (49% reduction from original request)
OPTION 3 - Fund FDD $200,000 to continue round operations but not support innovation or round to round improvements. (69% reduction from Season 13)
OPTION 4 - Do Not Fund FDD (100% reduction from Season 13)
OPTION 5 - Abstain
The proposal expires in 3 days.
Creator Economy
SuperRare Discussion; Token Swap between SuperRare and Botto DAO
This proposal seeks to swap 1,000,000 $BOTTO with the 30-day weighted average price of $RARE.
This swap also comes with a 1-year lockup stipulation that starts after both Snapshots pass.
Botto is a decentralized autonomous artist that seeks to connect art with capital and community.
This is a temperature check before it is sent to Snapshot.
SuperRare Discussion; SuperRare Collector DAO.
This proposal seeks to allocate 1,000,000 $RARE to a 5-member Collector Committee to collect and commission over a three-month period.
Members will have to apply to the Committee and be approved by the SuperRare Council.
Each member will receive 5,000 $RARE a month unless they choose to defer the payment.
Bankless Proposal; Token Swap between PrimeDAO and BanklessDAO
This proposal seeks to swap $25k worth of $BANK and $D2D on a 30-day average, vested over a year with a 3-month cliff.
After this swap, both DAOs will support each other with DAO development and additional resources on a bi-monthly basis.
Infrastructure & Tooling
Rocket Pool Discussion; POST-MORTEM - Security Incident (05/25/2022)
On May 26th, a remote execution exploit was used to obtain two unencrypted ssh keys which gave access to the two oDAO nodes and private keys.
The two oDAO nodes were compromised and led to a loss of 14.75 worth of ETH (ETH and RPL). The two nodes are no longer functioning.
All server keys have been roasted and a plan is being executed to recover the RPL bonds from the affected oDAO nodes.
In the future, oDAO will now expand and apply 2FA SSH to the nodes along with ssh key rotation and encryption by default in a shared password manager.
This proposal is now active.
This proposal is now active.
No activity yet