👨🔬 Governance Lab #074
Lab Report #074 - Chaos Labs Aave Renewal, Threshold WBTC Decentralization, Uniswap Growth Program Trial, and more
gm frens 👋
welcome back to the Governance Lab, your weekly source for all things StableLab, DeFi, and DAO Governance.
At a Glance 👀
🔄 Chaos Labs seeks renewal for Aave Risk Management Services
🗺️ Threshold Network unveils a WBTC decentralization roadmap
🌐 Uniswap DAO considers growth program trial
Let’s dive in 🏊
Chaos Labs Risk Manager
Chaos Labs proposes renewal of risk management services for Aave
Chaos Labs has posted a proposal to renew its engagement with the Aave DAO, offering comprehensive risk management services for all aspects of Aave, including V2, V3, and GHO across all current and future deployments.
The proposed engagement would run for 12 months, from November 13th, 2024 to November 13th, 2025, and includes a total budget of $2M ($1M GHO / $1m aUSDT) streamed linearly throughout the period.
Key aspects of the proposal include:
Risk parameter optimization using advanced simulations
Enhancement of Edge Risk Oracles for more efficient parameter adjustments
Real-time risk monitoring and alerting services
Continued support for V2 deprecation and V3 migration
Dedicated support for GHO stablecoin growth and safety
Chaos Labs hopes to continue providing risk services for the DAO alongside Llama Risk.
WBTC Decentralization Roadmap
Threshold Network outlines roadmap for WBTC decentralization
Threshold Network has introduced "TIP-090: A Roadmap to WBTC Decentralization," a proposal that aims to collaborate with BitGo, BitGlobal, and the wider WBTC ecosystem to further decentralize the largest Bitcoin-backed ERC-20 token on Ethereum. Threshold is the creator of tBTC, a competitor to wBTC. With the recent changes to WBTC and discussions to merge the two tokens, this proposal builds off that idea to present a viable path forward. The proposal outlines a comprehensive plan to gradually expand WBTC's signer set from 3 to hundreds via the Threshold network.
Key aspects of the proposal include:
A 16% T token mint, with allocations for stakeholder sales and grants to BitGo and BitGlobal
A three-phase decentralization roadmap spanning over 12 months
BitGo and BitGlobal join the Threshold network (1 month)
Establish a fee-free decentralization path for WBTC holders (3-12 months)
Decentralize WBTC operational overhead (12+ months)
Technical upgrades to tBTC's custody, including increasing the signer set and implementing BitVM2 vaults
Formation of working groups to fund the DAO and revamp the economic model
Next steps for this proposal include soliciting feedback from all of the stakeholders involved and identifying viable working groups.
Uniswap Growth Program
Uniswap DAO discusses a growth program trial
The AlphaGrowth team has proposed the creation of a Uniswap Growth Program Trial, to address key areas for improvement in the Uniswap ecosystem such as outbound business development, marketing opportunities, and securing grants and incentives.
Their proposal outlines a plan to enhance Uniswap's growth, user base, and market position through proactive outreach, strategic marketing, and leveraging available incentives across the DeFi ecosystem.
Key aspects of the proposal include:
Deployment of a dedicated outbound business development team to engage with new opportunities and chains
Creation of a dedicated marketing team to promote new opportunities and incentives across the DeFi space
Implementation of the Uniswap Ecosystem Incentives Initiative (UEII) to secure and distribute grants and incentives
A 6-month trial period to gather meaningful insights
The proposal requests a total budget of $420K for the 6-month trial period
Links
🚀 Launches, Deployments, Partnerships, and M&A
Scroll announces $SCR token
Introducing Unichain, an L2 by Uniswap
Aave Protocol upgrades to V3.2
Introducing the Gauntlet App
📑 Reads, Insights, and Reports
The Problems of Decentralized Governance
Aave Under The Hood
The Backstory of M^0: A New Way to Issue Cryptodollars Onchain
Protocol Value Accrual Black Pill
Welcoming Unichain to the Superchain
🧗 Milestones & Updates
Uniswap Monthly Financial Report & Analysis - September ‘24
Balancer Maxis: Monthly Update for September 2024 and Q3 Round-up
🗞️ Everything Else
Towards Linea’s Decentralization
Morpho DAO Call for Delegates
dYdX - The Return
World Liberty Financial Aave v3 Instance on Ethereum Mainnet Proposal
$PUFFER Tokenomics Breakdown
Lido DAO Integrate CSM into the Decentralized Validator Vault
📺 Podcasts, Presentations, & Listens
Proposal Tracker™️
💬 DISCUSSION | Rari DAO - Rari Staking Incentives
Summary: This proposal aims to enhance governance participation and increase the value of the $RARI token by introducing staking rewards. The proposal presents key questions to the Rari community to define the mechanics and source of the proposed incentives. Potential sources being considered are the treasury (200K RARI for up to 1M staked), protocol fees (currently deemed non-viable), or RARI inflation.
💬 DISCUSSION | Compound - Aera Extension
Summary: This proposal seeks to extend Aera's involvement in managing Compound's treasury assets. It suggests deploying $30.89M of assets (including $25M from Compound V2 reserves) into the Compound Reserves vault on Aera, updating its objective to yield generation. The plan aims to add $30M to protocol TVL and generate $1M+ in annual treasury revenue. The proposal seeks to maximize treasury management efficiency without compromising liquidity or asset control.
❲ Our Voting ❳
📆 October 4th → October 10th | 🗳️ Total Votes: 17
See our full vote history and detailed rationale HERE.
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