Greetings FoxFam! 🦊
This week has been full of new proposals. Remember that some of the mentioned proposals are currently Live ( [SCP-63] , [SCP 68], [SCP-69]), and you can jump on the voting just after reading the summarised info about them! Let’s cover all of the latest ideas that the community wants to bring to life in the DAO.
[SCP-60] End date 03/10
SCP-60 aims to modify and perfect the current governmental process of proposal creation and approval. The author believes that while the DAO grows and develops, governance must evolve at the same speed to match the communities requirements and expectations. Hence, it is suggested to restructure the governance process to Incubation, Ideation, and Voting with set rules and specifications precisely. Details.
[SCP-61] End date 03/11
We believe that Security is one of the top values in DeFi. As the products of the ShapeShift grow in complexity and user base, the Security Workstream will undeniably have a significant role in the DAO. Therefore it is asked to increase its funding to match the expanded responsibilities and raised working hours. The proposal suggests financing for current and potential outside contributors to boost the Workstream’s productivity and deliver high-quality security service to the platform. Details
[SCP-63] Live
No one can resist a fun collab! The new proposal requests to integrate ShapeShift’s validating footprint into a mainnet validator on the Umee network. Umee is a decentralized infrastructure for cross-chain interactions between networks. It connects users to create lending and borrowing positions, move capital across chains, discover new yield opportunities, and explore DeFi applications intersecting networks in a seamless and trustless manner. And the most important part: Umee has a quickly growing community. Hence, ShapeShift’s implemented validator will provide a new revenue stream for the DAO. If you feel excited about this proposal, see the Details and vote!
[SCP-68] Live
Knowing that ShapeShift is looking to launch the Foxchain, Coinbase Cloud submits a proposal addressing the terms of engagement and deliverables that would govern the upcoming partnership. Our team believes that this partnership is a fundamental enabler for the evolution of one of the most important blockchain ecosystems out there. Quick note: Foxchain is a purpose-built blockchain designed to store metadata for every blockchain supported by ShapeShift. If you feel excited about this proposal, see the Details and vote!
[SCP-69] Live
The ShapeShift DAO has a large and growing treasury. To productively utilize the resources we have proposal suggests investing it using the vFOX method. Sourcing deal flow and partnering with various projects in the ecosystem with potentially bright futures helps empower the ShapeShift DAO to build the best possible decentralized interface for the world. If you feel excited about this proposal, see the Details and vote!