DeFi

• Aave Proposal; Add 1INCH as collateral

  • This proposal is aimed at adding 1inch as collateral on Aave, the proposal gives an in-depth overview of 1inch, how large its market share is, and why it is important that 1inch is added as a collateral asset on Aave.

  • According to the proposal the benefits of adding 1inch to the Aave include:

  • 1INCH is not yet listed on any decentralized lending platforms, therefore Aave would have a first-mover advantage in relation to other platforms.

  • 1INCH is listed on several perpetual markets – there are robust centralized and decentralized price oracles for 1INCH.

  • The proposal also goes forward to analyze 1inch’s risk profile in depth by looking at the various organizations that make up one inch, its contributors, and the protocols of smart contract risk.

• Aave Proposal; Add support for LUSD.

  • This proposal is aimed at adding LUSD as a borrowable asset on Aave v2 Mainnet. LUSD is stablecoin minted directly by the users of the protocol by opening a Trove and depositing ETH as collateral. Loans are interest-free, with a 0.5% base initiation fee.

  • The proposal goes on to give a history of LUSD, its utility to the entire crypto ecosystem, and the Aave Ecosystem specifically as well. The proposal states that LUSD as a borrowable asset will be met with strong demand, the proposal author believes that it will be the first time such a resilient stablecoin could be borrowed on Aave, and the first protocol where LUSD is borrowable.

• Balancer Discussion; Balancer Discussion; Enable DIGG/WBTC graviAURA 40/40/20 Gauge on Mainnet

  • This proposal is to add a gauge for the DIGG/wBTC/graviAURA Pool.

  • BadgerDAO is a DAO that has the goal of building the infrastructure for Bitcoin in DeFi. Their goal is to make it easier to bridge your Bitcoin over to other blockchains and possibly earn yield on them.

  • The motivation for this proposal is that the DIGG/wBTC/graviAURA 40/40/20 Pool needs incentivization to migrate meaningful amounts of liquidity over to the Balancer ecosystem. This gauge would serve as an incentive mechanism for Badger Protocol supporters, by creating a gauge there would be more of an incentive to participate as the potential for rewards increases.

Public Goods

• ENS Tempcheck; Code4rena Audits for new ENS Code.

  • This Tempcheck seeks to pay Code4arena ~ $50 - 75k for an audit of the new versions of the following contracts:

    • Name wrapper

    • .eth registrar controller

    • Reverse registrar

    • Public revolver

  • Nick.eth decided to move forward with this and launch a $75k prize on July 5th

• Gitcoin Discussion; Passport is our AWS.

  • This discussion uses Amazon Web Services as an analogy for Gitcoin Passport

    • Amazon Web Services was growing under the radar while the main site was in the public eye.

    • AWS grew at a rapid pace and now has an annual revenue of $62 Billion, which is a large portion of Amazon’s overall revenue

  • Gitcoin is poised to have a passport be an under-radar revenue generator.

    • Gitcoin has the money to obtain market share.

    • Gitcoin believes that a pluralistic view on creating Sybil resistance software will have a positive impact.

Creator Economy

• SuperRare Tempcheck; Indexing of Shatter Smart Contract from Transient Labs.

  • This proposal is the indexing of the Shatter smart contract made by transient labs.

  • This contract has the ability to let the artist choose whether to keep an NFT 1/1 or shatter it into a multitude of ERC-721 NFTs.

  • This will give artists more creative and financial freedom by making large 1/1 pieces more liquid on the primary and secondary markets.

  • This differs from fractionalizing because instead of fractionalizing the ownership of one NFT across many wallets it creates many NFTs that can be outright owned.

  • Fractioniling can be undone using the fuse mechanic and owning the entire collection.

• BanklessDAO Tempcheck; Proposing the idea of Term Limits for Role Holders.

  • This tempcheck poses the idea of putting term limits on role holders since some positions have been held for over 3 seasons.

  • This would increase the fairness of other members who potentially want to obtain a role.

  • The tempcheck vote is almost split down the middle at the time of writing this.

Infrastructure & Tooling

• Rocket Pool Discussion; Rocket Pool Should Request Ecosystem Funding from Optimism.

  • This proposal seeks funding from Optimism given the recent adoption of the Arbitrum network.

  • The reason for funding is to increase incentives and liquidity for L2 dApps

  • The number of OP tokens will be in the range of 1,000,000 and distributed as such:

    • 50% $OP - A main Curve rETH/ETH pool

    • 15% $OP - An Uniswap v3 rETH/USDC pool

    • 35% $OP - Velodrome rETH pairs with ecosystem tokens and OP itself

  • Here is the link to the Draft of the proposal.

DeFi

• Aave Proposal; Add 1INCH as collateral

  • This proposal is aimed at adding 1inch as collateral on Aave, the proposal gives an in-depth overview of 1inch, how large its market share is, and why it is important that 1inch is added as a collateral asset on Aave.

  • According to the proposal the benefits of adding 1inch to the Aave include:

  • 1INCH is not yet listed on any decentralized lending platforms, therefore Aave would have a first-mover advantage in relation to other platforms.

  • 1INCH is listed on several perpetual markets – there are robust centralized and decentralized price oracles for 1INCH.

  • The proposal also goes forward to analyze 1inch’s risk profile in depth by looking at the various organizations that make up one inch, its contributors, and the protocols of smart contract risk.

• Aave Proposal; Add support for LUSD.

  • This proposal is aimed at adding LUSD as a borrowable asset on Aave v2 Mainnet. LUSD is stablecoin minted directly by the users of the protocol by opening a Trove and depositing ETH as collateral. Loans are interest-free, with a 0.5% base initiation fee.

  • The proposal goes on to give a history of LUSD, its utility to the entire crypto ecosystem, and the Aave Ecosystem specifically as well. The proposal states that LUSD as a borrowable asset will be met with strong demand, the proposal author believes that it will be the first time such a resilient stablecoin could be borrowed on Aave, and the first protocol where LUSD is borrowable.

• Balancer Discussion; Balancer Discussion; Enable DIGG/WBTC graviAURA 40/40/20 Gauge on Mainnet

  • This proposal is to add a gauge for the DIGG/wBTC/graviAURA Pool.

  • BadgerDAO is a DAO that has the goal of building the infrastructure for Bitcoin in DeFi. Their goal is to make it easier to bridge your Bitcoin over to other blockchains and possibly earn yield on them.

  • The motivation for this proposal is that the DIGG/wBTC/graviAURA 40/40/20 Pool needs incentivization to migrate meaningful amounts of liquidity over to the Balancer ecosystem. This gauge would serve as an incentive mechanism for Badger Protocol supporters, by creating a gauge there would be more of an incentive to participate as the potential for rewards increases.

Public Goods

• ENS Tempcheck; Code4rena Audits for new ENS Code.

  • This Tempcheck seeks to pay Code4arena ~ $50 - 75k for an audit of the new versions of the following contracts:

    • Name wrapper

    • .eth registrar controller

    • Reverse registrar

    • Public revolver

  • Nick.eth decided to move forward with this and launch a $75k prize on July 5th

• Gitcoin Discussion; Passport is our AWS.

  • This discussion uses Amazon Web Services as an analogy for Gitcoin Passport

    • Amazon Web Services was growing under the radar while the main site was in the public eye.

    • AWS grew at a rapid pace and now has an annual revenue of $62 Billion, which is a large portion of Amazon’s overall revenue

  • Gitcoin is poised to have a passport be an under-radar revenue generator.

    • Gitcoin has the money to obtain market share.

    • Gitcoin believes that a pluralistic view on creating Sybil resistance software will have a positive impact.

Creator Economy

• SuperRare Tempcheck; Indexing of Shatter Smart Contract from Transient Labs.

  • This proposal is the indexing of the Shatter smart contract made by transient labs.

  • This contract has the ability to let the artist choose whether to keep an NFT 1/1 or shatter it into a multitude of ERC-721 NFTs.

  • This will give artists more creative and financial freedom by making large 1/1 pieces more liquid on the primary and secondary markets.

  • This differs from fractionalizing because instead of fractionalizing the ownership of one NFT across many wallets it creates many NFTs that can be outright owned.

  • Fractioniling can be undone using the fuse mechanic and owning the entire collection.

• BanklessDAO Tempcheck; Proposing the idea of Term Limits for Role Holders.

  • This tempcheck poses the idea of putting term limits on role holders since some positions have been held for over 3 seasons.

  • This would increase the fairness of other members who potentially want to obtain a role.

  • The tempcheck vote is almost split down the middle at the time of writing this.

Infrastructure & Tooling

• Rocket Pool Discussion; Rocket Pool Should Request Ecosystem Funding from Optimism.

  • This proposal seeks funding from Optimism given the recent adoption of the Arbitrum network.

  • The reason for funding is to increase incentives and liquidity for L2 dApps

  • The number of OP tokens will be in the range of 1,000,000 and distributed as such:

    • 50% $OP - A main Curve rETH/ETH pool

    • 15% $OP - An Uniswap v3 rETH/USDC pool

    • 35% $OP - Velodrome rETH pairs with ecosystem tokens and OP itself

  • Here is the link to the Draft of the proposal.