👨🔬 Governance Lab #068
Lab Report #068 - Arbitrum x Entropy Advisors, Euler Experience Points, STRK Staking, StableLab x MakerDAO, Doo in Asia, and more
gm frens welcome back to the Governance Lab, your weekly source for all things StableLab, DeFi, and DAO Governance.
At a Glance 👀
🤝 Arbitrum DAO considers exclusive partnership with Entropy Advisors
🏆 Euler Finance proposes Experience Points (XP) initiative
💰 Starknet announces first-ever STRK staking vote
👀 Announcing StableLab x MakerDAO
Let’s dive in 🏊
Exclusive
Arbitrum DAO votes on Entropy Advisors partnership
Arbitrum DAO is close to approving an onchain proposal to secure funding for Entropy Advisors, a newly formed team dedicated to working exclusively with the DAO. According to the proposal, the Entropy team will look to enhance the DAO's operations and long-term sustainability. Funding from the proposal will be used to expand the team up to 10 employees, design proposals, improve the governance processes, liaise with stakeholders, and attract more top talent to the DAO.
In total, the team requests a budget of $2.47M for one year of engagement. At the time of writing the proposal is overwhelmingly supported by the community with 137M votes in support.
Experience
Euler proposes Experience Points (XP) initiative
Ahead of v2 launch, the Euler DAO is discussing a proposal to introduce an Experience Points (XP) system for key protocol users. The initiative aims to acknowledge and incentivize user participation in the Euler ecosystem. Key aspects of the proposed XP system include:
Allocation of XP over 4-month "seasons"
Initial focus on liquidity providers (lpXP) and vault creators (vcXP)
1 lpXP per $1 utilized liquidity per day for ETH or USDC providers
1 vcXP per $1 value generated through vault fees for Euler DAO
Potential expansion to other user types in future seasons
Staking
Starknet announces first-ever STRK staking vote
This week, Starknet announced on their forums an upcoming scheduled vote to introduce staking to the ecosystem. The vote aims to establish the foundation for Starknet's staking mechanism. This initial vote will determine the minting mechanism to be used and the protocol for modifying parameters of this minting mechanism.
If approved, this initiative could mark a significant milestone in Starknet's governance and token utility. A test vote is scheduled for September 2nd, with the official vote taking place on September 9th.
❲ Links ❳
🚀 Launches & Deployments
Aave v3 live on zkSync Era Mainnet
Chronicle launches RWA Oracle via m0
📑 Insights & Reports
How RWAs Address DeFi’s Boom-Bust Cycles
Aave, the Core Pillar of Decentralized Finance and Onchain Economy
Wintermute DeFi Governance Digest: August 2024 | Week 3
Understanding Kamino
🧗 Milestones & Updates
Arbitrum DAO poised to reject Temp Check Treasury Management Proposal
Update from Aave Grants: Winding Down AGD 1.0 and What’s Next
Optimism Granite Network Upgrade
Lido LEGO Q2 2024 Report
🔒 Security, Risk, & Hacks
Under the Hood: Unpacking Our Morpho Vault Curation Methodology
🗞️ Miscellaneous
Offchain Labs’ Technical Roadmap
USDD Drops 12,000 BTC Without DAO Approval
📺 Podcasts & Listens
Marc Zeller: Aave Derisking WBTC?? on Leviathan News
❲ Proposal Tracker ❳
✅ APPROVED | Adventure Gold - Transitioning AGLD DAO’s onchain governance platform from Llama to Tally
Summary: This proposal seeks to transition AGLD DAO's on-chain governance partner from Llama to Tally. The change is based on Llama's decision to sunset their products, with Tally identified as a trustworthy and capable alternative providing similar services. The proposal passed unanimously with 5.7M AGLD (100%) voting in favor.
💬 DISCUSSION | Curve DAO - Funding proposal for Swiss Stake AG, the company building Curve
Summary: This proposal requests a grant of 21M CRV tokens (~ $6.3 million) vested over one year for Swiss Stake AG, the company building Curve. The funds will be used for software research, development, and related tasks benefiting Curve. Critics of the proposal argue that it hands over a substantial portion of the community fund without clear controls or accountability.
💬 DISCUSSION | Lido - Organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG
Summary: This proposal seeks to organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG (Cybernetic Organization). The Lido Alliance BORG Foundation would be a memberless, beneficiary-less Cayman foundation with purposes restricted to furthering the Alliance Program. The proposal requests an initial budget of $125,000 for 2024 and expects to require $250,000 yearly from 2025. Key features include a Board of Directors responsible for running the program, Guardians as additional multisig members, and various checks and balances with Lido DAO, including DAO approval for Lido Allies and entity liquidation.
From the Lab
Announcing StableLab x MakerDAO
We are thrilled to announce that StableLab will contribute to MakerDAO to support its Endgame ecosystem. Our contribution will focus on protocol business development, such as the protocol features integrations, and securing strategic opportunities within the MakerDAO and Spark ecosystem. Having contributed to MakerDAO for over six years, we're excited to continue contributing to one of the most reputable protocols and communities in the space.
▶︎ Read the full announcement HERE
Announcing the Oxcart Delegation Engine
Attention Top 100 Arbitrum delegates 👋
We’ve just launched Oxcart for Arbitrum, powered by Forse, an experimental delegate initiative aimed at incentivizing delegates to select “backup” delegates.
Join the initiative and earn a chance at being rewarded a 12k ARB reward. Deadline is this Friday, August 23rd!
▶︎ Learn more about Oxcart HERE
▶︎ Register for Oxcart HERE
Meet Doo in Asia (Aug & Sep Edition)
Find Doo traversing across Asia over the next few weeks for these conferences: DAO Tokyo, Tech&Talk, KBW, and Token2049. DM us to meet up or just say hi!
❲ Our Voting ❳
📆 August 16th → August 22nd | 🗳️ Total Votes: 20
See our full vote history and detailed rationale HERE.
Meme
I’d love to hear from you! Drop me a DM on Twitter with your thoughts, feedback, or any comments you may have about the newsletter. I write for you, the reader :)
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