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@ doraintern
2024-11-22 15:03:34Introduction
This report outlines Dora Factory’s recent governance decisions on various proposals aimed at enhancing the functionality, liquidity, and security of decentralized ecosystems. These decisions reflect a strategic approach to fostering long-term growth and improving the overall user experience within the ecosystems.
Proposals
2024-11-14 Cosmos #972 Yes Dora Factory voted YES on Proposal #972 to introduce 'Claw Back' tooling, enabling the Cosmos Hub community to easily recall funds from DAOs back to the Community Pool via on-chain governance. This improves accountability and streamlines the process.
2024-11-10 DYDX #176 Yes Dora Factory voted YES on Proposal #176, which revises the dYdX incentive program with a $6M budget over 4 months, allocating 60% for market makers and 40% for traders, simplifying the reward structure and removing trading leagues.
2024-11-12 DYDX #177 Yes Dora Factory voted YES on Proposal #177, which initiates the wind-down and final settlement process for the TRUMPWIN-USD market.
2024-11-12 DYDX #178 Yes Dora Factory voted yes on the dYdX proposal to add a QTUM-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the QTUM-USD perpetual market.
2024-11-12 DYDX #179 Yes Dora Factory voted yes on the dYdX proposal to add a ONT-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the ONT-USD perpetual market.
2024-11-12 DYDX #180 Yes Dora Factory voted yes on the dYdX proposal to add a REN-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the REN-USD perpetual market.
2024-11-12 DYDX #181 Yes Dora Factory voted yes on the dYdX proposal to add a PERP-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the PERP-USD perpetual market.
2024-11-14 DYDX #182 Yes Dora Factory voted YES on Proposal #182, which allocates 50% of protocol revenue to MegaVault and 10% to the Treasury SubDAO. This allocation aims to improve liquidity on the dYdX platform and fund DAO initiatives, supporting long-term protocol growth and token value stability.
2024-11-15 DYDX #183 Yes Dora Factory voted YES on Proposal #183 to whitelist new VIP affiliates to the dYdX VIP Affiliate Program. These affiliates will earn up to 50% of referred user taker fees, with a cap of $10,000 per referral per month. This initiative aims to expand dYdX’s reach through high-influence partners.
2024-11-15 DYDX #184 Yes Dora Factory voted YES on Proposal #184, which aims to rebalance dYdX vaults by adjusting funds allocated to subvaults and their quoting parameters. This rebalancing seeks to improve liquidity across various markets by deploying additional capital and optimizing vault conditions.
2024-11-19 DYDX #185 Yes Dora Factory voted YES on Proposal #185, which aims to rebalance MegaVault funds by adjusting allocations to different subvaults and their quoting parameters to enhance liquidity.
2024-11-21 Injective #460 Yes Dora Factory voted YES on Proposal #460, which increases the maximum leverage for XAU/USDT PERP and XAG/USDT PERP markets from 5x to 10x. The initial margin ratio is set at 0.095, and the maintenance margin ratio at 0.05, aiming to enhance trading opportunities in these markets.
2024-11-21 Injective #461 Yes Dora Factory voted YES on Proposal #461, which settles the CRV/USDT PERP market.
2024-11-11 Osmosis #859 Yes Dora Factory voted YES on Proposal #859, approving the purchase of $250k USDC worth of BTC to rebalance the Osmosis treasury. This is the first step in a two-proposal plan to establish a strategic liquidity position for Bitcoin trading, aiming to increase market depth and generate revenue from liquidity provision fees and protocol fees.
2024-11-11 Osmosis #860 Yes Dora Factory voted YES on Proposal #860, approving the deployment of BTC purchased in Proposal #859 into a concentrated liquidity position alongside USDC. This initiative allocates $500k USDC from the community pool to establish strategic liquidity, enhancing market depth for Bitcoin trading while generating revenue from fees.
2024-11-14 Osmosis #861 Yes Dora Factory voted YES on Proposal #861, approving the Osmosis v27 software upgrad. The upgrade includes fixes and improvements to maintain a secure and up-to-date Osmosis codebase.
2024-11-18 Osmosis #862 Yes Dora Factory voted YES on Proposal #862, which increases the static rate limit of ckBTC within Alloyed BTC from 10% to 20%. This change is necessary as the current 10% limit has been consistently reached, and expanding the limit will accommodate growing demand for ckBTC.
2024-11-18 Osmosis #863 Yes Dora Factory voted YES on Proposal #863, which activates the protocol fee share agreement for nBTC. Under this proposal, Nomic will receive 10% of the taker fees on swaps involving nBTC. For swaps involving alloyed BTC, Nomic will receive a proportionate share based on nBTC's composition. The accrued fees will be transferred to Nomic as nBTC.
2024-11-20 Osmosis #865 Yes Dora Factory voted YES on Proposal #865, approving the recovery of the Osmosis IBC client on Shentu by updating the expired client with the new substitution client 07-tendermint-3356.
Conclusion
Dora Factory’s votes highlight a commitment to supporting proposals that drive operational improvements, increase platform stability, and encourage ecosystem development. These efforts are integral to ensuring the continued success and scalability of those blockchain ecosystems.