The Ranch, Issue 8
Updates on our work with Aave, Gitcoin, and dYdX. Also, Building Internal Economies in DAOs & a hotly contested vote on COMP rewards.
Welcome to The Ranch, Llama’s Substack newsletter.
In this publication, we’ll share quick and easy to digest insights on:
Updates from Llama 🦙
Herd on the Street - interesting insights on DAOs
Opportunities - ways you can get involved with Llama
1. Updates from Llama 🦙
Llama recently proposed a strategic partnership between the Aave and Balancer communities. Given their long history of collaboration, Llama believes a formal token swap and partnership makes sense. Last week, we updated our proposal based on community feedback.
Our proposal will take place in 2 steps: the first proposal will have Aave swap governance tokens with Balancer. 200,000 BAL from Balancer’s Ecosystem fund will be exchanged for the USD equivalent value of AAVE from the DAO’s treasury, using the previous 90 day moving average price. Next, Llama will propose that Aave acquire an additional 100,000 BAL tokens through a bonding curve. With 300,000 BAL, Aave would be a top 30 holder of BAL and become Balancer’s largest strategic partner by BAL holding.
This BAL can be used to direct BAL tokens through the Ethereum mainnet pool gauge, giving Aave the ability to bootstrap new liquidity pools that grow TVL for the Aave protocol.
For more details, we encourage you to read our full proposals on Aave’s forum:
Yesterday, we also presented our proposal to the Balancer community.
Llama continued its work on Gitcoin’s treasury diversification working group. In the last two weeks, the group has continued speaking with potential lead strategic partners. Additionally, the group prepared documents to answer partner questions around GTC token utility.
We expect our monthly financial report to be published next week, but you can check out any of our previous reports on Gitcoin’s forum.
We were recently awarded a grant to build an analytics dashboard for dYdX. As part of the dashboard, we’ll provide insights into drivers of trading behavior and user activity on the platform.
Last week, we set up the basic infrastructure needed to display the data. This week, we continued downloading and processing data to prepare it for visualization on the dashboard.
2. Herd on the Street
Insights and articles from the DAO world, curated by our herd.
Building an Economy Within a DAO - Shreyas Hariharan
How can a DAO build an internal economy using its native tokens and treasury? Shreyas explores how, using models economics, history, and anthropology.
COMP Reward Adjustments - TylerEther
Recently, a discussion was published on Compound’s governance forum which proposed normalizing and reducing COMP rewards. A strong debate has since emerged on the governance forum, and the proposal was ultimately defeated late Wednesday evening.
We're still looking for talented artists and graphic designers 🖌 to help us with graphics for social media and blog posts. If you fit the bill, let us know in this form!
Stay Up to Date on Llama 🦙
Follow us on Twitter, check out our website, and read our writing on Mirror.