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; Incentivize Core Pools and L2s.
This proposal seeks to create the designation of “core” pools that Balancer can incentivize both on the mainnet and L2s
The core designation will be given out to pools that generate revenue for Balancer
Currently, only metastable pools are the pools that Balancer earns protocol fees on any yield generated by the underlying asset
The bribes to incentive these pools will be in USDC
“veBAL's share of fees from the wstETH/WETH pool is 30 wstETH. Aura holds 20% of veBAL according to Dune. Thus, 6 wstETH (in USDC) is allocated as a bribe for the wstETH/WETH pool on the Aura marketplace, and 24 wstETH (in USDC) is allocated as a bribe on the Balancer marketplace.”
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; AURA/ETH/graviAURA Gauge.
This proposal seeks to create a new snapshot for these gauges:
AURA/ETH/graviAURA
auraBAL/ETH/graviAURA
BADGER/graviAURA
This snapshot vote length is requested to be 5 - 7 days
BADGER will make voting and farming changes:
All free votes controlled by BadgerDAO treasury will be split between these three pools
All POL farming BAL will be moved from the BADGER/WBTC pool to the BADGER/graviAura pool.
Any bribes will be directed only to graviAURA pools, and if possible offered on an Aura-focused bribe market.
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Allocate BAL to a Ribbon Finance Vault.
This proposal seeks to put BAL in a Ribbon Finance vault in order to increase the holding of stablecoins
The DAO would deposit the BAL and sell monthly calls at 25% and 50% yielding 38% and 11% APY respectively.
The amount of BAL to deposit is up to discussion
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Enable AURA/ETH 50/50 Gauge.
This proposal seeks to whitelist the new AURA/ETH 50/50 Pool.
The 80/20 pool was rejected due to it not being in line with Balancer’s long term ecosystem
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Enable auraBAL/[8020 BAL/WETH bpt] Gauge
This is the second vote for this proposal with seeks to whitelist the gauge that was recently created.
10% of Aura’s total AURA supply is being directed to the Chet contract over 4-5 years.
This flow can be diverted to add in additional rewards on top of the existing BAL & AURA.
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Funding Proposal for Orb Collective
This proposal seeks funding for 12 months for hte Orb Collective, with payments on a quarterly system:
3Q’22: $732,334 USDC
4Q’22: $973,413 USDC
1Q’23: $1,022,734 USDC
2Q’23: $954,471 USDC
3Q’23: $305,725 USDC
Orb will only hold exposure to BAL and stablecoins to align with Balancer DAO
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Funding Proposal for Ecosystem Ops and Development Squad
This proposal seeks funding for Ecosystem Ops and Development Squad in the amount of $108,000 USDC for 4 core contributors and possible on-demand support.
The team also request 9,130 BAL for milestone achievements
The team would cover DAOops, business development, and design
A more detailed proposal is currently on snapshot but the vote is 65% not in favor
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Fund Balancer Grants for Q3
This proposal seeks funding for the cost of operations in the Balancer DAO.
The funding tiers are:
Major Contribution - $5,000 USD
High Level Contributor - $3,500 USD
Medium Level Contributor - $2,500 USD
Low Level Contributor - $1,250 USD
Each team will:
Have open community calls monthly and record and save them for up to 3 months
Develop a detailed objective list and update the forum
Have internal monthly DAO meetings with at least 1 rep from each team
This proposal expires at 10:30 AM PT on July 3rd
DeFi
Balancer Proposal; Incentivize Core Pools and L2s.
This proposal seeks to create the designation of “core” pools that Balancer can incentivize both on the mainnet and L2s
The core designation will be given out to pools that generate revenue for Balancer
Currently, only metastable pools are the pools that Balancer earns protocol fees on any yield generated by the underlying asset
The bribes to incentive these pools will be in USDC
“veBAL's share of fees from the wstETH/WETH pool is 30 wstETH. Aura holds 20% of veBAL according to Dune. Thus, 6 wstETH (in USDC) is allocated as a bribe for the wstETH/WETH pool on the Aura marketplace, and 24 wstETH (in USDC) is allocated as a bribe on the Balancer marketplace.”
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; AURA/ETH/graviAURA Gauge.
This proposal seeks to create a new snapshot for these gauges:
AURA/ETH/graviAURA
auraBAL/ETH/graviAURA
BADGER/graviAURA
This snapshot vote length is requested to be 5 - 7 days
BADGER will make voting and farming changes:
All free votes controlled by BadgerDAO treasury will be split between these three pools
All POL farming BAL will be moved from the BADGER/WBTC pool to the BADGER/graviAura pool.
Any bribes will be directed only to graviAURA pools, and if possible offered on an Aura-focused bribe market.
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Allocate BAL to a Ribbon Finance Vault.
This proposal seeks to put BAL in a Ribbon Finance vault in order to increase the holding of stablecoins
The DAO would deposit the BAL and sell monthly calls at 25% and 50% yielding 38% and 11% APY respectively.
The amount of BAL to deposit is up to discussion
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Enable AURA/ETH 50/50 Gauge.
This proposal seeks to whitelist the new AURA/ETH 50/50 Pool.
The 80/20 pool was rejected due to it not being in line with Balancer’s long term ecosystem
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Enable auraBAL/[8020 BAL/WETH bpt] Gauge
This is the second vote for this proposal with seeks to whitelist the gauge that was recently created.
10% of Aura’s total AURA supply is being directed to the Chet contract over 4-5 years.
This flow can be diverted to add in additional rewards on top of the existing BAL & AURA.
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Funding Proposal for Orb Collective
This proposal seeks funding for 12 months for hte Orb Collective, with payments on a quarterly system:
3Q’22: $732,334 USDC
4Q’22: $973,413 USDC
1Q’23: $1,022,734 USDC
2Q’23: $954,471 USDC
3Q’23: $305,725 USDC
Orb will only hold exposure to BAL and stablecoins to align with Balancer DAO
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Funding Proposal for Ecosystem Ops and Development Squad
This proposal seeks funding for Ecosystem Ops and Development Squad in the amount of $108,000 USDC for 4 core contributors and possible on-demand support.
The team also request 9,130 BAL for milestone achievements
The team would cover DAOops, business development, and design
A more detailed proposal is currently on snapshot but the vote is 65% not in favor
This proposal expires at 10:30 AM PT on July 3rd
Balancer Proposal; Fund Balancer Grants for Q3
This proposal seeks funding for the cost of operations in the Balancer DAO.
The funding tiers are:
Major Contribution - $5,000 USD
High Level Contributor - $3,500 USD
Medium Level Contributor - $2,500 USD
Low Level Contributor - $1,250 USD
Each team will:
Have open community calls monthly and record and save them for up to 3 months
Develop a detailed objective list and update the forum
Have internal monthly DAO meetings with at least 1 rep from each team
This proposal expires at 10:30 AM PT on July 3rd
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