👨🔬 Governance Lab #014
Lab Report #014 - Lido Lifeguard, Uniswap RFCs, Starknet Upgrade, GHO time, and more
gm, welcome back to the Governance Lab, your source for all things StableLab, DeFi, and the wonderful world of governance. Layer 2s upgrade, thank god. RWAs are booming. Rune continues his Endgame PR campaign. Not even gonna touch the SEC drama.
Btw, trying out some new things this week. Let me know if you love it or hate it by commenting down below or dming me. I’d love to hear from you about what you find most valuable in this newsletter.
At a Glance 👀
🗣️ Uniswap hit w/ ARB RFCs
🆙 Starknet preps v0.12.0 Upgrade
👻 Final ARFC for GHO Submitted
🛟 Lido Launches Community Lifeguard Initiative, we applied
Are you ready? Let’s go.
❲ The Rundown ❳
RFP me! 🗣️
Uniswap Foundation requests proposals from the community to decide how to use ARB distribution
Last month, the Uniswap Foundation submitted an RFP on how to best utilize the 4.4M ARB grant distribution received by Uniswap from Arbitrum.
The post outlined a two-week proposal period for teams and individuals to submit ideas and ways to generate long-term value from the allocation.
A total of 10 proposals were submitted by teams such as Gauntlet, Alastor, Flashstake, LI.FI, DefiEdge, the Uniswap Foundation themselves, and more.
Now, these proposals look to improve based on community feedback before proceeding to the temp check phase for voting.
Don’t Stop Upgradin’ 🪩
Starknet preps its second governance vote to improve the network
Alpha v0.12.0 introduces the latest Starknet protocol upgrade.
In this upgrade, performance and UX improvements are made to help with increasing throughput and lowering latency on the Layer 2.
The heads-up forum post includes previous upgrade reflections as well as an optional Delegation Agreement intended to provide clarity for both parties in a delegation relationship.
Voting on the upgrade is expected later this month.
Systems are a GHO 🚦
Aave Companies submit final proposal to launch GHO stablecoin
On Tuesday, Aave Companies, one of the core developers at Aave, submitted an ARFC to launch Aave’s native stablecoin, GHO.
Two community-approved facilitators will initially enable GHO, Aave v3 Ethereum Facilitator, and the Flashminter Facilitator.
V3 launch parameters include: Borrow Rate=1.5%, Bucket Capacity=100M GHO, stkAAVE Discount Rate=30%.
FlashMinter launch parameters include:" 2M GHO, no fee paid.
An AIP onchain vote is expected to follow after community discussions.
❲ Links ❳
Optimism successfully deploys Bedrock Upgrade
Compound III, safer and simpler lending markets
Llama publishes a real-time Aave Grants Dashboard
The next steps in DEX design
Gauntlet shares a Uniswap Liquidity Mining Analysis
The top 5 RWA protocols by TVL
Introducing Centrifuge Prime: Onboarding RWAs
Sudoswap v2 goes live
Liquid Staking, a master thread
Everything is about to change at Maker
The Catalyst AMM Whitepaper has been released
Kain shares what comes next for Synthetix
Optimism Council Kicks Off for Season 4
Grants Program 101: the why and how
Introducing FLAIR, A Metric to Evaluate LP Competitiveness in AMMs
Optimism Bedrock Misson Control
Solarcurve shares Balancer catalysts
Hasu joins Steakhouse Financial as advisor
The Governance Scandal at Arbitrum
On-chain vote for AIP1.1 & 1.2 starts Friday
❲ Proposal Watchlist ❳
Redacted - Whitelist Key Assets on Polygon zkEVM
Index Coop - Launch Leveraged rETH Staking Yield ($icRETH)
Aave - Enable Aura & Balancer Gauges in the SM
Curve Finance - Onboard wstETH as collateral for crvUSD
❲ From the Lab ❳
🛟 Lido Community Lifeguard Initiative
Last week, the Lido community approved funding for a new program aimed at helping increase community participation. With the recent upgrade to V2, which lowers the barrier to entry for more stakers, the Lido Community Lifeguard Initiative (CLI) hopes to engage this new influx of participants by appointing dedicated community members. In the proposal, Lido community members are encouraged to apply for the 2-3 positions available.
When we saw this post, we were excited about the opportunity to delve deeper into the Lido community and contribute to fostering an engaged staking culture. That's why we have gone ahead and submitted our application to join the CLI, with the intention of helping grow, educate, and further engage with the Lido community.
❲ This Week’s Proposals ❳
💬 Awaiting Feedback
🎠 1IP-XX: StableLab <> 1INCH Grant Request
Protocol: 1inch
Status: ⬆️ Forum Polling → Gathering sentiment before proceeding to a vote
🎠 1IP-XX: Stake $1M DAI to earn yield from DAI Saving Rate
Protocol: 1inch
Status: 💬 Forum Post → Gathering community feedback
❲ This Week’s Voting ❳
📆 June 02 → June 08 | 🗳️ Total Votes: 14
See our full vote history and rationale here.