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0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#25,723,889·0xc809b76b…41d126
setRecipient(address,uint256,uint256)setRecipient(address,uint256,uint256)setRecipient(address,uint256,uint256)# Payroll Extension Proposal #2 Forum post: https://forum.inverse.finance/t/payroll-extension-proposal-2/675 # Payroll Extension Proposal #2 ## Summary This proposal extends contributor compensation for a further 6 months, covering the period **July 1, 2026 through December 31, 2026**. It follows [Payroll Extension Proposal #1](https://forum.inverse.finance/t/payroll-extension-proposal-1/633) (executed on-chain as [Proposal #340](https://www.inverse.finance/governance/proposals/mills/340) on December 8, 2025), whose INV vesting contracts ended on June 30, 2026 and whose DOLA payroll streams are currently authorized through September 30, 2026. A 6-month term follows the biannual extension cadence established in the Payroll Restructuring Proposal ([Mills #322](https://www.inverse.finance/governance/proposals/mills/322)). The proposal: - Removes Nour from the DAO payroll. Following the [Inverse Finance Foundation Funding Proposal](https://forum.inverse.finance/t/inverse-finance-foundation-funding-proposal/664), Nour is transitioning to the Foundation's payroll as a contractor and will no longer receive DOLA payroll or INV vesting directly from the DAO - Grants the FoundationFunder contract an INV allowance of **6,000 INV per year, subject to a quarterly draw limit of 1,500 INV**, in addition to its existing DOLA allowance, to fund Foundation contractor compensation including its token component. As with the existing DOLA allowance, each draw requires a public on-chain justification - Extends DOLA payroll for the 5 remaining paid contributors from September 30, 2026 to **March 31, 2027**, at unchanged rates, covering the term through December 31, 2026 plus 3 months of potential severance pay in the case of no extension after December 31, 2026 - Deploys new 6-month INV vesting contracts for the 5 remaining contributors, running **retroactively from July 1, 2026** through December 31, 2026, at unchanged annual rates ## Background Payroll Extension Proposal #1 reduced annual payroll spend from 1,440,000 DOLA to 936,000 DOLA across 7 active contributors, extending DAO stablecoin runway from ~12 to ~18 months. Following the offboarding of Tabboz in [February 2026](https://forum.inverse.finance/t/offboarding-inverse-contributor/643) and Nour's transition to the Foundation payroll under this proposal, the DAO will have **5 contributors paid directly via DAO payroll**. The INV vesting contracts deployed under Proposal #340 ended on June 30, 2026. This proposal closes the resulting gap retroactively. ## Active Contributors (DAO Payroll) DOLA base compensation and INV compensation rates are unchanged from Payroll Extension Proposal #1. INV grants below cover the 184-day term (July 1 to December 31, 2026, 0.504 years): | Contributor | Role | Band | Annual DOLA | Annual INV | Term INV | |---|---|---|---|---|---| | MT | Solidity Engineer | A | 144,000 | 2,105 | 1,061 | | AlienDev | Frontend Engineer | A | 144,000 | 2,105 | 1,061 | | CryptoHarry | Head of Treasury | A | 144,000 | 2,105 | 1,061 | | Edo | Head of Risk Management | B | 120,000 | 1,741 | 878 | | Karm | Risk Manager | B | 120,000 | 1,741 | 878 | | **Total** | | | **672,000** | **9,797** | **4,939** | At an indicative INV price of ~$11, total compensation is approximately $167K/year (Band A) and $139K/year (Band B). Nour will be compensated by the Foundation, funded through the FoundationFunder's DOLA and INV allowances. His removal from DAO payroll is a voluntary transition and carries no severance. ## Budget Impact - **DOLA:** Extending the 5 payroll streams from September 30, 2026 to March 31, 2027 commits an incremental **336,000 DOLA** (6 months at 672,000 DOLA/year) beyond the currently authorized period. Of this, 168,000 DOLA covers the proposal term through December 31, 2026 and 168,000 DOLA covers the 3-month severance buffer, which is only paid out in the case of no extension. - **INV (vesting):** New vesting contracts total **4,939 INV** (3 × 1,061 Band A + 2 × 878 Band B), vesting linearly from July 1, 2026 to December 31, 2026. - **INV (Foundation):** The FoundationFunder INV allowance authorizes up to **6,000 INV per year (1,500 INV per quarter)**, drawn as needed with on-chain justifications rather than transferred upfront. - The current Treasury balance of ~8,054 INV covers the 4,939 INV vesters in full, leaving ~3,115 INV for Foundation draws (about two quarters). A Treasury INV top-up may be proposed later in the term as needed; no mint is required in this proposal. As with Proposal #1, severance is one-time, 3 months of pay streamed in DOLA, and contingent on successful off-boarding (handover of access, documentation, and transitional support). It applies in the case of no extension after December 31, 2026, or where a future extension does not include an existing contributor. ## On-Chain Actions 1. Remove Nour from the DOLA payroll contract 2. Update the DOLA payroll contract for the 5 remaining contributors listed above, extending stream end dates from September 30, 2026 to March 31, 2027 (epoch 1806537599) at unchanged annual rates (144,000 DOLA for Band A; 120,000 DOLA for Band B) 3. Set XinvVestorFactory INV allowance to 4,939 4. Deploy 5 INV vesting contracts via the XinvVestorFactory with start date July 1, 2026 (epoch 1782864000) and duration 15,897,600 seconds (184 days, ending EOD December 31, 2026, epoch 1798761599): 1,061 INV each for MT, AlienDev, and CryptoHarry; 878 INV each for Edo and Karm 5. Grant the FoundationFunder contract an INV allowance of 6,000 INV, subject to a quarterly draw limit of 1,500 INV
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#25,176,815·0x7af44f8e…88a60f
# Inverse Finance Foundation funding proposal Forum post: https://forum.inverse.finance/t/inverse-finance-foundation-funding-proposal/664 ## Summary * Authorize the FoundationFunder contract to draw up to 150,000 DOLA per quarter from the DAO Treasury, subject to a total ERC20 allowance of 600,000 DOLA. * Approve the appointment of Scott Harrison as an additional director of the Inverse Finance Foundation. ## Inverse Finance Foundation background The Inverse Finance Foundation was established and initially capitalized following [a successful DAO governance proposal](https://www.inverse.finance/governance/proposals/mills/318). The primary objective of the Foundation is to act as an accountable operating entity for Inverse DAO, enabling faster execution on product development, legal, operational, administrative, and commercial work using a capped discretionary budget approved by DAO governance. The Foundation’s Board of Directors has adopted bylaws and amended Memorandum and Articles of Association that grant the DAO substantial oversight. These documents are available for review [here](https://drive.google.com/drive/u/1/folders/1rqmDSle6h7eEV0jDTA2cjwCBcM0M_YJU). This proposal seeks to secure necessary operational funding for the Foundation and formalize the appointment of a new director. ## FoundationFunder contract allowance The FoundationFunder contract is a customized smart contract designed to facilitate a continuous funding allowance from the DAO Treasury to the Inverse Finance Foundation. This proposal configures the FoundationFunder contract to provide a maximum of 150,000 DOLA per quarter to the Foundation multisig. Rather than holding static deposits, the contract utilizes an ERC20 allowance to pull DOLA from the DAO Treasury on an as-needed basis. Actual disbursements may be lower than the maximum in any given quarter and will depend on the Foundation’s operating needs, subject at all times to the quarterly ceiling. The FoundationFunder enables the Foundation multisig to withdraw funds directly or delegate sub-allowances to authorized addresses. All aggregate expenditures via the FoundationFunder remain strictly bound by the 150,000 DOLA quarterly limit. The Foundation's multisig is a 3-of-5 Gnosis Safe currently controlled by the following signatories: 1. Scott Harrison (Cara Global) 2. Nour Haridy (Inverse Finance) 3. Harry (Inverse Finance) 4. Alien (Inverse Finance) 5. Hammad Tahir (Regen Financial) The multisig is deployed on the Ethereum network at the following address: 0xE15B0Ab2036d8Fc2d2aa537B748A34333Ffab963 The FoundationFunder requires each transfer to include a public on-chain justification. This creates a transaction-level record of the stated purpose for each disbursement, improving transparency for DAO reviewers. ## Appointment of Scott Harrison as foundation director The current director, Paul Hurn, is scheduled to transition to a new role at the end of May 2026 and will resign from the Inverse Finance Foundation Board of Directors at the end of May This proposal authorizes the appointment of Scott Harrison to the Board of Directors. Paul Hurn and Scott Harrison may serve as co-directors during the transition period, after which Scott Harrison will assume the role of sole director. ## Onchain actions * Approve a 600,000 DOLA total allowance for the [FoundationFunder](http://etherscan.io/address/0xADd84d9312Ed1961CE80A1CeB17446737f480993). * Set FoundationFunder quarterly limit to 150,000 DOLA
0x3fcb35a1…cb28·#24,418,905·0x35ceb594…a85159
Asset reserve must be positiveDBR reserve must be positiveSale handler setNo asset to sendDBR reserve must be positiveResulting asset reserve must be _Asset reserve must be positiveResulting DBR reserve must be po_Rate exceeds max
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#23,934,684·0x4e44f5e4…af4cbf
# Payroll extension proposal #1 (1/2) Forum post: https://forum.inverse.finance/t/payroll-extension-proposal-1/633 (This proposal is divided into two votes due to the large number of on-chain actions) # Summary This is the first Payroll extension proposal following the recent approval of the Payroll restructuring proposal. With the DAO’s stablecoin runway being ~12 months, this proposal cuts yearly spending on Payroll from 1,440,000 DOLA down to 936,000 per year, increasing runway to ~18 months. INV compensation spending is reduced from 16,617 to 13,643 INV per year. This is done by reducing the stablecoin pay of all paid contributors as well as by reducing the team size. # Changes to Payroll bands Base DOLA compensation of both A and B contributor bands will be reduced. This will result in the reduction of base compensation of all contributors. |Band|Previous comp|New comp|% change| | --- | --- | --- | --- | |A|174,000|144,000|-17.2%| |B|144,000|120,000|-16.6%| Despite the base compensation cuts, the total comp for all contributors will range between $186K and $224K based on an INV price of $38. More on INV compensation further below. # Extended contributors Unfortunately, Pat B and Naoufel will be departing from the team. The total team size will be reduced to 7 paid contributors. The contributors listed below will have their DOLA pay extended until September 30, 2026. This includes three months of potential severance pay in the case of no extension after June 30, 2026. More details can be found in the [Payroll Restructuring Proposal (Mills#322)](https://www.inverse.finance/governance/proposals/mills/322). |Name|Role|Band|DOLA/year| | --- | --- | --- | --- | |Nour|General Coordinator & Solidity|A|144,000| |MT|Solidity Engineer|A|144,000| |AlienDev|Frontend Engineer|A|144,000| |CryptoHarry|Head of Treasury|A|144,000| |Tabboz|Solidity Engineer|B|120,000| |Edo|Head of Risk Management|B|120,000| |Karm|Risk Manager|B|120,000| |Total|||936,000| # INV compensation restart This proposal restarts INV compensation for active contributors after it was not restarted due to the end of working group seasonal proposals. Below are the rates for each contributor: |Name|Band|INV/year|% of INV supply (719K)| | --- | --- | --- | --- | |Nour|A|2,105|0.29%| |MT|A|2,105|0.29%| |AlienDev|A|2,105|0.29%| |CryptoHarry|A|2,105|0.29%| |Tabboz|B|1,741|0.24%| |Edo|B|1,741|0.24%| |Karm|B|1,741|0.24%| |Total||13,643|1.90%| This proposal both restarts INV compensation going forward and provides retroactive compensation for the period from May 1st, 2025, through the present. The grants for active contributors will last until EOD June 30, 2025 (covering both retroactive and forward-looking INV). This means contributors will be granted INV covering 426 days (1.167 years): |Band|INV/year|Period (years)|Total INV| | --- | --- | --- | --- | |A|2,105|1.167|2,457| |B|1,741|1.167|2,032| # Benefits for departing contributors To support departing contributors as they transition to new roles, the proposal provides: * Severance is one-time, 3 months of pay streamed in DOLA, and contingent on successful off-boarding (handover of access, documentation, and transitional support). * Retroactive INV: The INV compensation that was paused for the last working group season vested over three months. Retroactive INV Calculation: 1st May to 7th December, 220 days (0.603 years) * Transition support: Assistance from the DAO when possible to help them secure new roles, including through our network of partners. Below are the departing contributors and their benefits: |Name|Total DOLA severance|Total vested INV| | --- | --- | --- | |Pat B|36,000|0.603*2,105=1,269| |Naoufel|30,000|0.603*1,741=1,050| |Total|66,000|2,319| # To the departing contributors I say this on behalf of everyone in the DAO: We’re grateful for your work, grit and dedication through the toughest chapter of the DAO’s history. You spent years rebuilding this organization from scratch. The DAO will continue to reap the benefits of your work for many more years. Pat and Naoufel, thank you for your service to the protocol, its holders and its users. # On-Chain Actions New INV Vesters to be deployed: |Contributor|INV Amount|Start Date|End Date| | --- | --- | --- | --- | |Nour|2,457|07/12/2025|30/06/2026| |MT|2,457|07/12/2025|30/06/2026| |AlienDev|2,457|07/12/2025|30/06/2026| |CryptoHarry|2,457|07/12/2025|30/06/2026| |Tabboz|2,032|07/12/2025|30/06/2026| |Edo|2,032|07/12/2025|30/06/2026| |Karm|2,032|07/12/2025|30/06/2026| |Pat B|1,269|07/12/2025|07/03/2026| |Naoufel|1,050|07/12/2025|07/03/2026| |Total|18,243||| New DOLA Payroll to be added: |Contributor|Yearly Amount|End Date| | --- | --- | --- | |Nour|144,000|30/09/2026| |MT|144,000|30/09/2026| |AlienDev|144,000|30/09/2026| |CryptoHarry|144,000|30/09/2026| |Tabboz|120,000|30/09/2026| |Edo|120,000|30/09/2026| |Karm|120,000|30/09/2026| |Pat B|144,000|07/03/2026 (3 months)| |Naoufel|120,000|07/03/2026 (3 months)| The on-chain actions will be: * Remove the 9 contributors from the old payroll contract * Set DOLA allowance of old payroll contract to 0 * Add 9 contributors to the new DOLA payroll contract * Mint 8,000 INV to the Treasury * Set the INV allowance of XinvVestorFactory to 18,243 * Deploy cancellable vestors for the 9 contributors
0x3fcb35a1…cb28·#23,926,408·0xd73ee5f3…d8ba23
Payroll::constructor: asset must` have 18 decimalsPayroll::setRecipient: only gove`Payroll::setRecipient: zero addr`Payroll::withdraw: transfer fail`
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#23,655,264·0xec867a35…7b615d
# 3 - Extend the DOLA Payroll Allowance Forum post: https://forum.inverse.finance/t/3-extend-dola-payroll-allowance/613 ## Summary Authorize an additional 271,000 DOLA allowance for the contributor-payroll contract so that all active contributors can continue to receive compensation for the next 60 days while the DAO restructuring is finalized. This follows on from the two previous 30-day and 60-day extensions. ## Context and Problem * Seasonal payroll model – The DAO traditionally funds contributor payments in fixed “seasons” (e.g., S3 → S4). * Pause directive – At my request, working-group heads paused the transition to Season 4 pending a broader restructuring plan. * Result – The dedicated DOLA allowance on the payroll contract has now depleted, halting payouts entirely. Contributors deliver ongoing work that underpins core protocol operations, risk management, and development. It is crucial to continue compensation as it otherwise risks talent loss and operational disruption. ## Extension Calculation * Unclaimed payroll (expected at time of proposal execution) = 30,000 DOLA * Monthly Payroll = 120,500 * Allowance required = 120,500*2 + 30,000 = 271,000 DOLA ## On-Chain Actions * Set DOLA allowance of the payroll contract to 271,000 DOLA
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#23,513,492·0xbb44aecd…82c2bd
# Payroll restructuring proposal Proposal forum post: https://forum.inverse.finance/t/payroll-restructuring-proposal/603 ## Summary * End working group seasonal proposals * A new General Coordinator will be responsible for submitting proposals to extend Payroll compensations twice a year * A discretionary OpEx allowance mechanism will be proposed in a separate proposal * Payroll contract will be modified to include an expiry date for each compensation * In the event of non-extension, a contributor will be offered 3 months severance pay ## Rationale * The DAO needs to hold a single role responsible for ensuring talent performance and efficient spending * Future and present contributors need to be able to negotiate pay and terms with a clear decision maker * OpEx spending should be done in a coordinated fashion instead of isolated budgets for each working group * Contributors must be offered severance in the event they are terminated in order to smoothly transition to a new role ## Payroll changes * Each Payroll recipient will be coupled with a future expiry date * Governance proposals set both the yearly amount and expiry date for each recipient. * If the expiry date elapses without extension, the recipient will stop accruing new funds but may withdraw any previously unclaimed funds. ## Governance changes * A DOLA allowance will be provided to the new Payroll contract. The allowance of the existing contract will not yet be removed until all contributors have transitioned. ## Compensation extension process * The General Coordinator will be expected to submit a compensation extension proposal biannually, one before the start of each calendar year and another before the start of the second half of the year. * The General Coordinator may propose any changes to compensations in each extension proposal. * The proposal should set the expiry date of extended compensations to 9 months later, assuming they will submit the next proposal in 6 months with the addition of 3 months of severance pay in case the future extension does not pass OR the future extension does not include an existing contributor. * The General Coordinator may modify and resubmit their extension proposal any number of times in case of rejection by governance, as long as they remain on the proposer whitelist. * The first compensation proposal will follow the enactment of this proposal and will be set to expire by the end of September 2026 (includes 3 months of severance), with the expectation that the next extension proposal will be submitted by the end of June 2026. * In the event of disagreement with the General Coordinator’s proposals, contributors may appeal directly to governance voters either publicly or privately. Governance will be expected to encourage dissent and forbid the GC from taking retaliatory actions. ## Designated General Coordinator This proposal will designate Nour Haridy to fill the General Coordinator role. This proposal only establishes the GC as an informal role and does not grant it any on-chain privileges. The GC may only modify Payroll via governance proposals. Other governance participants may also submit their Payroll-related proposals if they choose to do so. ## Future proposals * A separate proposal is expected to manage discretionary opex spending by contributors. * This proposal only applies to base compensation. A separate proposal will regulate INV-based incentive compensation. ## On-chain actions * Set 1,440,000 DOLA allowance to modified Payroll contract (1 year of current Payroll burn rate)
0x3fcb35a1…cb28·#23,498,238·0x619d7f50…697fc6
Payroll::constructor: asset must` have 18 decimalsPayroll::setRecipient: only gove`Payroll::setRecipient: zero addr`Payroll::withdraw: transfer fail`
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#23,468,742·0xef3d9da4…22fd15
# Inverse Finance Foundation proposal Proposal forum post: https://forum.inverse.finance/t/inverse-finance-foundation-proposal/605 # Summary This proposal requests an allowance to cover the initial costs of incorporating an independent Inverse Finance Foundation in the Cayman Islands. The formation documents will ensure that the foundation is held accountable to DAO holders by law and can be directly controlled by on-chain votes. Additionally, the foundation will not gain access to any existing DAO treasury assets unless deemed necessary by an on-chain vote. The main purpose of the IFF is to replace some of the DAO working group multisigs, acting as the DAO’s primary executive arm. This transition will be phased over future proposals. This proposal only requests funding to create the foundation and does not grant the foundation any privileges or assets. # Rationale The proposed foundation will provide two main benefits to the DAO: 1. Consolidate DAO contributors’ efforts into one coordinated, accountable and DAO-controlled entity instead of separate working groups 2. Unlock access to off-chain benefits such as banking, contractual agreements with partners, contributor employment contracts, physical presence, and ownership of off-chain assets such as intellectual property, equity, hosting and domain names. The legal setup of the foundation will grant DAO voters the highest authority to impose rules, changes and restrictions on foundation directors and employees by a simple on-chain vote. This setup will allow the DAO to delegate on-chain privileges and assets or provide a discretionary budget while ensuring that funds are used in the best interests of the DAO. At any time and at the DAO’s discretion, the DAO holders may vote to replace directors and employees, require transparency disclosures, liquidate foundation assets and/or return funds to the DAO’s treasury address. # Vision As the main executive arm of the DAO, the foundation is expected to request a limited discretionary budget funded by the DAO treasury to cover opex spending. The foundation will replace, and take over the operations of, all existing working groups except for the Treasury Working Group. All expenses will be spent through the foundation except for treasury management spending and operations which will remain the responsibility of the Treasury Working Group. DOLA payroll for existing contributors will continue to be streamed directly from the DAO treasury using the existing Payroll contract. Contributors who choose to become employees or contractors of the foundation will be removed from the Payroll contract and added to the foundation’s budget based on their request. Future contributors are expected to become employees or contractors of the foundation or its subsidiaries or service providers. The foundation will use its discretionary budget to cover expenses such as server infrastructure costs, security audits, product marketing and advertising, event management, legal counsel, talent and other expenses. This budget will allow the DAO contributors to move swiftly without requiring a governance proposal for every new spending item. The foundation will provide recurring cash flow statements to be reviewed by the DAO in order to ensure transparency. Subject to DAO approval, the foundation will request a continuously streamed budget from the DAO treasury rather than a lump sum amount. DAO voters will retain the power to cut funding to the foundation at any time without its permission by simply suspending the budget streaming contract. # Incorporation process ## Legal Counsel After exploring multiple options, we intend to retain the Carey Olsen law firm as legal counsel in order to pursue the creation of the foundation. This firm was recommended by some of our close partners who have hired them in the past. Carey Olsen is also retained by some of DeFi’s largest players and has extensive experience in setting up similar structures. After the incorporation is complete, we expect Carey Olsen to also act as legal counsel for the foundation. However, it is possible to engage with other law firms as well, for example, for matters that relate to jurisdictions or legal areas outside of Carey Olsen’s experience. ## Jurisdiction Carey Olsen has recommended the Cayman Islands as the host jurisdiction for the IFF thanks to the great flexibility of its foundation structures. This choice was confirmed by other legal opinions. The foundation in the Cayman Islands will be the main entry point for the DAO to manage global assets or entities. The foundation may also create subsidiaries or enter into agreements with other entities in other jurisdictions in the future, if permitted by the DAO. ## Structure The IFF will be an ownerless foundation directed by a single Cayman-based independent director. The director’s privileges will be set by the constitution of the foundation. The constitution will require the director and other employees to act only in accordance with decisions made by the INV token holders via an on-chain vote. The director will have a fiduciary duty towards the foundation and, therefore, is legally bound to its rules within the bounds of the law. The director may only deny requests made through DAO governance proposals if he interprets them to be illegal. If the director attempts to abuse this exception by misinterpreting the law, the DAO may replace the director by a governance vote. In this case, the independent supervisor role is able to enforce the DAO’s decision by making a filing with the Cayman company registrar without permission from the director. The director is not required to be in control of assets held by the foundation. On-chain assets provided by the DAO will likely be controlled by a foundation multisig. Multiple signatories may also be required in order to control off-chain assets or to sign legal agreements. The DAO retains full flexibility in deciding these rules thanks to the Cayman foundation structure. ## Deliverables The retained law firm will assist DAO contributors with fulfilling the requirements for the incorporation and operation of the foundation including: 1. Creation of mandatory formation documents and fillings in the Cayman Islands 2. Selection and hiring of an independent director 3. Selection and hiring of a service provider for the registered office and secretary requirements 4. Drafting of the foundation constitution in accordance with the DAO’s requirements 5. Payment of government and third party fees, including: 1. Government fees 2. Independent director fees 3. Independent supervisor fees 4. Other potential services providers e.g. registered office, mandatory secretary services, banking, etc. 6. A cost breakdown of funds spent from the allowance provided by this proposal. Once these deliverables are complete, they will be presented to the DAO for public review. The foundation will then submit another proposal to the DAO which includes the proposed constitution and the first foundation budget proposal to be adopted by the voters. # Cost estimate Based on the conversations with Carey Olsen and other legal firms, we estimate that deliverables above may cost around $60,000. This proposal requests 80,000 DOLA allowance in order to cover the creation of the foundation as well as any additional costs that may be incurred until the first foundation budget proposal is passed. # Disclaimer The information and details presented in this proposal are non-binding and subject to change. Inverse Finance contributors reserve the right to modify any aspect of this proposal, including but not limited to, the selection of legal counsel, jurisdiction, foundation structure, and the inclusion of additional expense items, at their sole discretion. This proposal serves as an initial outline and does not constitute a final agreement or commitment. # On-chain actions * Set 80,000 DOLA allowance to the Inverse Deployer address (0x3FcB35a1CbFB6007f9BC638D388958Bc4550cB28)
0x3fcb35a1…cb28·#23,126,636·0xe9c5029e…fb63d1
Only fee recipient can pull rese`DOnly pending operator can accept`DOnly operator can call this func`@Feebps must be less than or equa`@
0x3fcb35a1…cb28sent to0x4e59b448…956c·#23,126,634·0x45da2669…bfe5e3
Invalid collateral factorMax immutability deadline is in `DRepay amount must be greater tha`Dinsufficient liquidatable debtinsufficient collateral outDebt decreased unexpectedlyRpInvalid start bps`xRnInvalid end bps`RpInvalid half life`xDebt below minimum and larger th`DRuInvalid redeem fee bps`Pinsufficient amount outInsufficient redeemable collater`@
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#22,963,968·0x1c60c804…bf83c8
# DOLA bad debt elimination proposal Forum post link: https://forum.inverse.finance/t/dola-bad-debt-elimination-proposal/581 # Summary This proposal outlines a comprehensive strategy to eliminate the remaining ~$6M of DOLA bad debt through two funding sources: (1) Some of DeFi’s most prominent investors have committed to immediately repay $2.6M of DOLA bad debt in exchange for a vested INV swap provided by the treasury. (2) Securing up to the full remaining $3.4M bad debt through a non-liquidatable protocol loan collateralized by the DAO’s veAERO and veVELO NFTs. We believe this plan has the potential to eliminate DOLA bad debt within weeks while aligning new strategic stakeholders with the DAO. # INV swap This proposal seeks DAO approval for an agreement with Temple, DCF God, Chud.eth, Greenfund, Octoshi and SS (Ethena) to collectively repay $2.6M of DOLA bad debt within four days of the proposal's execution. In exchange, they will receive 104,000 INV tokens at a rate of 25 DOLA per INV, subject to a six-month lock-up period from the date of the proposal's execution. The 104,000 INV will be minted and transferred to a designated custom smart contract responsible for enforcing the terms of this agreement, including immediate bad debt repayment, INV compensation, and vesting schedule. The locked INV tokens will be deposited into sINV for the lock-up duration until claimed by their future owners. The designated contract is already deployed on Ethereum and its source code is verified. The contract address is available for review in the on-chain actions section of this proposal down below. While this swap will result in a one-time dilution of approximately ~17% for current INV holders, we believe the benefits significantly outweigh this cost. The elimination of DOLA's bad debt, coupled with a substantial reduction in DOLA's risk premium and costs of capital (incentives), along with the potential for growth among new users and partners, are some of the benefits we can expect from a 100% healthy DOLA. # Protocol loan This proposal also seeks authorization for the Treasury Working Group to utilize its existing veAERO and veVELO NFTs as collateral for a non-liquidatable protocol loan of up to $3.4M provided by the lending protocol 40acres.finance. This loan, if taken, will be automatically repaid over time from the veNFTs cash flow. The DAO will also reserve the option to repay early if funds become available. This proposal authorizes, but does not guarantee, the issuance of this loan as 40acres is still undergoing due diligence and code review by the DAO’s Risk and Product working groups. This loan is intended to eliminate DOLA's bad debt. It also ensures the DAO can retain its veNFTs, which are strategic assets crucial for DOLA's growth following bad debt resolution. The current 40acres pools cannot be used to cover this loan due to their low collateral factor. The 40acres team are in the process of deploying new veAERO and veVELO lending pools which will provide the TWG with sufficient borrowing power to cover the remaining bad debt, contingent upon sufficient lending liquidity. The existing 40acres veAERO deployment alone has attracted over $5M in lending supply, demonstrating that the 40acres team is able to attract sufficient lending liquidity for our needs. # Why now 1. A consortium of prominent DeFi investors has been assembled who, if aligned with the DAO, have the potential to deliver strategic value to the DAO beyond bad debt repayment including marketing, product usage and future investments. 2. The 40acres team has provided assurances that the DAO will be able to borrow up to 40-50% of the value of its veNFTs, establishing a viable path towards full bad debt elimination 3. Current market sentiment appears highly positive. INV risks missing out on the benefits of a favorable environment due to the burden of bad debt. Once unburdened, the upside potential may be well worth the short term dilution. # On-chain actions * Mint 104,000 INV to the DAO treasury * Approve 104,000 INV to the RepayRewardEscrow contract * Call RepayRewardEscrow.start()
0x3fcb35a1…cb28·#22,779,263·0x6f012384…5c9a71
Only fee recipient can pull rese`DOnly pending operator can accept`DOnly operator can call this func`@Feebps must be less than or equa`@
0x3fcb35a1…cb28sent to0x4e59b448…956c·#22,779,261·0xee77b912…985f07
Invalid collateral factorMax immutability deadline is in `DRepay amount must be greater tha`Dinsufficient liquidatable debtinsufficient collateral outDebt decreased unexpectedlyRpInvalid start bps`xRnInvalid end bps`RpInvalid half life`xDebt below minimum and larger th`DRuInvalid redeem fee bps`Pinsufficient amount out
0x3fcb35a1…cb28·#22,716,097·0x77916d09…1f06d1
Only fee recipient can pull rese`DOnly pending operator can accept`DOnly operator can call this func`@Feebps must be less than or equa`@
0x3fcb35a1…cb28sent to0x4e59b448…956c·#22,716,095·0x732ff182…6767d6
Invalid collateral factorMax immutability deadline is in `DRepay amount must be greater tha`Dinsufficient liquidatable debtinsufficient collateral outDebt decreased unexpectedlyRpInvalid start bps`xRnInvalid end bps`RpInvalid half life`xDebt below minimum and larger th`DRuInvalid redeem fee bps`Pinsufficient amount out
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# Monolith Project Budget Proposal ### Summary We propose the launch of a stablecoin-as-a-service platform, Monolith, enabling permissionless creation of immutable stablecoins using any collateral on any chain. Monolith-deployed stablecoins feature: * Immutable over-collateralized single-collateral design * Autonomous interest rate controller. * Borrower choice between Interest-free or redemption-free borrowing. * Yield-bearing vaults for stablecoin holders. * Fee access for deployers. Benefits to Inverse Finance DAO: * New revenue streams. * Reduced DOLA liquidity costs. * Accelerated cross-chain expansion. * Expanded collateral options for FiRM. * Faster DOLA bad debt repayment. ### Project Details Full details of the Monolith project can be found on [the original proposal text on the forum](https://forum.inverse.finance/t/monolith-project-budget-request/541). The current project specification is non-binding and is subject to change based on feedback. ### Budget Request * To minimize the investment in Monolith for Inverse Finance, we present a single budget request leading to the launch of Monolith as it is expected that ongoing marketing and other post-launch Monolith expenses will be paid via Monolith-generated revenues. Monolith 90-Day Launch Expenses |Monolith Launch Expenses | | |--- | --- | | | | | | |**Risk** | | | | |Cantina Competition | 72,252 | | | |yAudit Private Audit | 25,000 | | | |Chainsecurity Private Audit | 49,500 | | | |Spearbit Private Audit | 55,300 | | | | | | | | |**Growth** | | | | |Creative Agency | 90,000 | | | |Major podcast partnership(s) (e.g. Bankless, Blocmates) | 25,000 | | | |Analysts, content creators | 10,000 | | | | | | | | |Miscellaneous | 5,000 | | | | | | | | |**Total** | 332,052 | | | ### On-chain Actions * Approve 202,052 DOLA to Risk Working Group Security Ops multisig * Approve 130,000 DOLA to Product Working Group multisig (+17,637.5 existing allowance)
0x3fcb35a1…cb28·#21,637,983·0x5b386e3d…edd7b4
Minimum repay bps must be less t`Dhan or equal to 10000Minimum repay bps must be less t`DOnly beneficiary or owner can ca`DRepay bps must be less than or e`DRepay bps must be greater than o`DRur equal to minRepayBps`PEither all goes to repayment or `Dbeneficiary must be setOnly owner can call this functio`@
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# Use Frontier DOLA Reserve to Pay Down Bad Debt # Proposal to Utilize Frontier DOLA Reserve to Pay Down Bad Debt Forum post: https://forum.inverse.finance/t/use-frontier-dola-reserve-to-pay-down-bad-debt/526 ## Summary Utilize the Frontier DOLA reserve to reduce the bad debt on the account from the Inverse Finance Frontier price manipulation incident of April 2nd 2022, 0xeA0c959BBb7476DDD6cD4204bDee82b790AA1562. ## Background Frontier, Inverse Finance’s now-deprecated variable-rate lending market, accumulated reserves by taking a 20% fee on the interest paid by borrowers back when it was active. These reserves were/are in the form of DOLA, ETH, WBTC, YFI and xSUSHI.[ Shortly after the April 2nd 2022 exploit, the interest rate on ETH, WBTC and YFI was set to 0%](https://www.inverse.finance/governance/proposals/mills/20) to stop borrow (and supply) balances from accumulating further, so no further reserves accrued in these assets. Given the vast majority of current DOLA borrows on Frontier are bad debt, in [April 2023 the reserve ratio set to 100%](https://www.inverse.finance/governance/proposals/mills/101) in order to direct 100% of borrowers interest to the reserves, this was to stop bad debt from artificially inflating on-chain fed revenue. Current funds in the Frontier DOLA reserve are at ~$151K. This proposal seeks to use funds from the reserve to repay some of Frontier's bad debt. ## On-Chain Actions * Reduce reserves on anDOLA by 151,000 * repayBorrowBehalf the DOLA borrow balance of 0xeA0c959BBb7476DDD6cD4204bDee82b790AA1562 by 151k
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# Whitelist 0x4958 Safe Multisig User on FiRM # Whitelist Safe Multisig User on FiRM Forum post: https://forum.inverse.finance/t/whitelist-0x4958-multisig-user-on-firm/494 ## Summary: This proposal seeks to whitelist the following multisig address to use on FiRM: 0x495886947EAce9788360F46be55c758f92Ecd074 ## Background: As a precaution against flash loan attacks, FiRM only allows whitelisted contract interactions. This allows regular user wallets to interact while it at the same time limits any automated attacks, forcing any attacker to be extremely well-capitalized. Flashloan attacks require contract interactions and are therefore impossible. This prevents single-transaction attacks like the one [Euler suffered](https://www.chainalysis.com/blog/euler-finance-flash-loan-attack/), but also makes it more of a hassle for other protocols to integrate with FiRM, as they will need to contact us for a whitelisting. We consider this a worthy trade-off. Objective: an individual known to Inverse contributors has expressed an interest in borrowing DOLA on FiRM via their Safe mutlisig wallet. This wallet has already bought significant DBR in anticipation of building debt positions. Therefore, this proposal seeks to add the Multisig address to the FiRM borrowController’s contract whitelist ## On-Chain Actions: * Set 0x495886947EAce9788360F46be55c758f92Ecd074 as an allowed contract on the FiRM borrowController
0x3fcb35a1…cb28·#18,538,046·0x6e73afe1…31832a
RpGuardian: not rwg`xRpGuardian: not rwg`xGuardian: not cancellableGuardian: not pending deployerGuardian: not pending rwg
0x3fcb35a1…cb28·#18,537,942·0x088a2942…504cc6
RpGuardian: not rwg`xRpGuardian: not rwg`xGuardian: not cancellableGuardian: not pending deployerGuardian: not pending rwg
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# Adjust parameters to de-risk FiRM The purpose of this proposal is: (1) reduce exposure to CRV and CRV-derivate collaterals on FiRM (2) reduce risks of cascading liquidations on FiRM (3) incentivize some borrowers to repay their FiRM loans in order to re-allocate their DOLAs to AMM Feds In order to achieve (1), this proposal pauses new borrows on CRV, cvxCVV and st-yCRV markets. This will prevent more loans backed by these collaterals and will only allow borrowers to repay their existing loans. This will also prevent the Fed Chair role from further expanding exposure to these markets until further notice. In order to achieve (2), this proposal reduces the liquidation factor of the 3 markets above to 20%. This will prevent liquidators from seizing and selling a significant portion of borrowers' collateral during liquidations, reducing the likelihood of cascading liquidations. In order to achieve (3), this proposal reduces the maximum DBR streaming rate from 20M/year to 12M/year. This reduction will turn DBR supply deflationary until FiRM's global debt is reduced down to $12M/year.
0x3fcb35a1…cb28·#16,159,015·0x42a329ab…436abc
Invalid collateral factorInvalid liquidation incentiveReplenishment incentive must be `DRmless than 100%`Liquidation param allow profitab`Dle self liquidationV[P[PPPPPPPPPPPbRepayment greater than debtInvalid liquidation incentiveNew liquidation param allow prof`Ditable self liquidationExceeded collateral valueInvalid replenishment incentiveInvalid collateral factorInvalid liquidation feeMust repay positive debtRsUser debt is healthy``Exceeded liquidation factorOnly pause guardian or governanc`DOnly governance can unpauseInvalid liquidation factorDenied by borrow controllerInsufficient withdrawal limitCan't withdraw with DBR deficitERC1167: create2 failedOnly gov can call this function
0x3fcb35a1…cb28·#16,155,758·0x11880b3f…2ffcae
replenishment price must be over`DReplenishment price cannot excee`DONLY MINTERS OR OPERATOROnly markets can call onForceRep`DPERMIT_DEADLINE_EXPIREDOnly markets can call onRepayOnly markets can call onBorrowRsInsufficient balance``Dola Borrowing Right
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# Reduce Stabilizer DOLA Sell fee to 0% We propose an adjustment to the fee incurred when using the stabilizer: * When buying DOLA using DAI, a flat fee of 0.4% is charged. We propose leaving this unchanged. * When selling DOLA to redeem DAI, a flat fee of 0.1% is charged. We propose reducing this to 0% (no fee). This ensures that if there is a market imbalance weighted towards DOLA on the DOLA-3pool Curve pool, arbitrageurs can quickly reduce the imbalance provided there is DAI liquidity in the stabilizer. Currently ~$1.5M Dai are deposited in the Stabilizer. This proposal will unlock an arb opportunity between the Stabilizer and Curve, moving this amount from the Stabilizer to the Curve pool. The result of this arb opportunity will allow us to further expand our Yearn Fed expansions, and in the future, our Convex Fed expansions.
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#14,416,648·0x674cd8a2…e81a6f
# Switch Anchor stETH price feed to Chainlink Currently, the Anchor stETH market is using a custom TWAP oracle maintained by the LIDO team. This feed was built because there wasn't an available Chainlink feed for stETH at the time. Now that Chainlink has delivered a stETH/USD price feed on Ethereum, there's no need to rely on the LIDO team's feed anymore. ACTIONS 1. Switch the stETH price feed from LIDO's custom TWAP oracle to a Chainlink stETH/USD feed
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# Authorize Compensation for Inverse Finance Core Contributors Proposal - Authorize Compensation for Inverse Finance Core Contributors SUMMARY Proposal to create allocation of vested INV tokens for core contributors to Inverse. BACKGROUND Inverse Finance is entering a new period of growth as we move towards product-market fit and solidify our position in the DeFi ecosystem. Up until now we have moved forward largely based on the incredible efforts of a handful of motivated, part-time volunteer contributors. In order to accelerate our growth and enhance Inverse's organizational abilities, the time has come to properly incentivize & reward our core contributors in a professional manner. To attract top talent and align their interests with INV holders and the DAO, Inverse will reward core contributors with vested governance tokens in a way that is comparable to other DeFi projects. NOTE: Nour's existing vesting contract will be replaced with a new xINV-staked vesting contract of the same amount and duration. ACTIONS Governance Token Allocations for Core Contributors (All allocations vesting for 24 months) - Allocate 1,000 INV tokens to Patb (Head of Growth, salaried, 0xE58ED128325A33afD08e90187dB0640619819413); calculated from 06/11/2021 - Allocate 650 INV tokens to theAlientTourist (Senior Frontend Engineer, salaried, 0x34A7a276eD77c6FE866c75Bbc8d79127c4E14a09); calculated from 01/11/2021 - Allocate 500 INV tokens to Naoufel (Data & Analytics, salaried, 0xFDa9365E2CDf21d72cb0dc4F5FF46F29e4aC59CE); calculated from 04/02/2022 - Allocate 500 INV tokens to BasedXeno (Operations, core contributor, 0xb9f43e250dadf6b61872307396ad1b8beba27bcd); calculated from 01/11/2021 - Allocate 300 INV tokens to CryptoHarry (Treasury Management, salaried, 0x962228a90eac69238c7d1f216d80037e61ea9255), calculated from 04/02/2022 - Allocate 300 INV tokens to N3bs (Treasury Management, core contributor, 0xad4a190d4aea2180b66906537f1fd9700c83842a), calculated from 04/02/2022 - Allocate 100 INV to Akarin (Mod / Social Media, core contributor, 0xD32066c2E31961aDf2A6fd0D57326dFf1e33FC29); calculated from 01/11/2021 - Allocate 100 INV to 99Donuts (Mod / Social Media, core contributor, 0xC8A6fDd2586AF7980776DC610C159A92E9Db11C3), calculated from 01/11/2021 - Allocate 100 INV to Karm (Mod / Growth, core contributor, 0x2723723FDd3Db8ba2D6f0e1B333e90A7E60A0411), calculated from 01/11/2021 - Governance Token Allocations for Project Contributions (Non-vested) - Allocate 40 INV tokens to Nakamomo (0xbb20d477d4f22d7169ad4c5bd67984362be8bad0) for Inverse Plus project management; no vesting Terms of Allocation Vesting is over a period of 24 months from the date of calculation unless otherwise specified Vesting continues automatically unless the Funding Committee votes to confirm that the core contributor is no longer providing productive input to Inverse Finance, or if the DAO votes to terminate the contributor.
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# Launch Inverse Plus Authors: @nourharidy @patB @nakamomo @n3bs @basedxeno @thealientourist @cryptoharry **Objectives of INV+** - Increase treasury and liquidity holdings in order to increase the supply of lendable DOLA towards our goal of 1 billion DOLA circulation by the end of 2022. - Ensure that the Inverse product line is optimized for maximum performance and competitive strength - Expand INV & DOLA LP bond capacity via Olympus Pro - Transition the INV governance token to a model with expanding supply that will accrue value based on DOLA lending revenue **Core Proposal Features** - Positive Sum Rewards Token. - xINV Continuous Rewards - DOLA Revenue Sharing Rewards - Permanent protocol-owned liquidity - Low-interest DOLA borrowing **Summary of Continuous xINV Reward Rate Framework** - With INV+, xINV rewards occur on a near-constant basis, not an arbitrary interval (e.g. 8 hours). Continuous rewards are issued with the creation of new Ethereum blocks https://ycharts.com/indicators/ethereum_blocks_per_day which today are mined 6400 times per day. - The amount of xINV rewards received by stakers is determined by a Policy Committee initially comprised of seven members who monitor and adjust the xINV Continuous Rewards rate with the following goals and criteria in mind: - Grow the Inverse Treasury to support at least 1 billion in circulating DOLA on a sustained basis by the end of 2022. - Issue rewards within the aggregate limits set by the GovernorMills voters, who are responsible for replenishing the INV Continuous Rewards allocation approximately every 90 days. - Limit sudden downward price action linked to changes in the xINV Continuous reward rate - With an initial allocation of 15,500 INV for purposes of xINV staking rewards, a base reward rate APY of 100% is anticipated, with an initial cap of 500%. **Policy Committee To Manage xINV Reward Rates and LP Bond Allocations** - A Policy Committee will be responsible for setting reward rates for xINV as well as allocating INV for LP bonding campaigns. - The Policy Committee will submit a new request for minting of INV to the treasury approximately every 90 days for these purposes via GovernorMills. - The Policy Committee will be comprised of 7 INV team members who have been active in the development of INV+ and will serve on the committee for a one year term: - Nour, patb, BasedXeno, thealientourist, nakamomo, n3bs, and cryptoharry. - No additional compensation for serving on this committee is required. Inactive or retiring committee members may be replaced by vote on GovernorMills. - Voting requires 5 members to achieve quorum and decisions are decided by majority vote though the committee will endeavor to reach unanimous consent on rewards decisions. - Reward rate changes are implemented by the Policy Committee using the Policy Committee multisig wallet. **On-Chain Actions To Approve** - Move ownership of the xINV contract to the new xINV Manager contract - Set a hard cap of 0.085616438356 per block for xINV reward rate - Set xINV reward rate to 0.0260416666666667 per block (5000 INV per month) - Set xINV withdrawal delay to 0 days - Authorize a 15,000 INV allowance to Policy Committee multisig to be used for refilling OP Bonds over the coming months. - Authorize 15,500 INV allowance to the xINV contract from the Inverse treasury to be used as xINV rewards.
0x3fcb35a1…cb28·#14,102,593·0xfe5af611…c72282
RnONLY GOVERNANCE`RnONLY GOVERNANCE`RnONLY GOVERNANCE`NEW REWARD RATE EXCEEDS MAXRnONLY GOVERNANCE`GOVERNANCE CANNOT BE ADDRESS 0RnONLY GOVERNANCE`RnONLY GOVERNANCE`RnONLY GOVERNANCE`ONLY POLICY COMMITTEE OR GOVERNANCEPOLICY COMMITTEE CANNOT BE ADDRESS 0
0x3fcb35a1…cb28sent to0xbeccb6bb…9bf6·#14,021,647·0x6b18d9f8…cd6559
# Set FLOKI collateral ratio on Anchor to zero Floki have just notified us of a contract migration process that is happening very soon that presents possible risks to Anchor due to the potential for temporary liquidity issues that may result in inaccurate pricing data Out of an abundance of caution, we are working with Floki leadership to ask Floki stakers who have borrowed any assets on Anchor to repay their loans before this migration occurs. After this proposal passes, any remaining FLOKI depositors who do not repay their loans will get liquidated and no more loans can be collateralized using FLOKI until another governance proposal. FLOKI users do NOT have to withdraw/unstake from Anchor. Only repaying loans and disabling FLOKI as collateral is sufficient to be safe from forced liquidation. Users who are not using FLOKI as collateral are not required to take any actions. After all DOLA loans against staked FLOKI are cleared, a separate governance vote can take place which approves the new Floki token and re-enables DOLA borrowing against it. Actions 1. Set FLOKI collateral ratio to zero
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# Authorize DOLA Compensation for Full-Time Inverse Finance Contributors ### SUMMARY Proposal to provide base compensation to two new full-time contributors, TheAlienTourist and Patb. ### BACKGROUND Inverse DAO is entering a new period of growth as we move towards product-market fit and solidify our position in the DeFi ecosystem. Up until now we have moved forward largely based on the incredible efforts of a handful of motivated, part-time contributors. In order to accelerate our growth and enhance Inverse's organizational abilities, the time has come to bring in full-time contributors in the areas of Engineering & Growth. ### ACTIONS Allocate a total of $24,666 in DOLA per month to compensate two full-time contributors: TheAlienTourist (Senior Frontend Engineer) & Patb (Head of Growth). 1. Authorize the Inverse treasury to give a $1M DOLA allowance to the Inverse payrolls contract (controlled by the Funding Committee) to enable this compensation. 2. Allocate a total of $27,954 in DOLA upon execution of this proposal to compensate TheAlienTourist and Patb for work performed in December 2021.
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# Add FLOKI as Anchor collateral and modify INV Rewards Inverse has been approached by an early Inverse Finance community member and core team member of the Floki (formerly Floki Inu) project to create a DOLA borrowing facility for FLOKI on Anchor and to diversify the Floki treasury into $3 million DOLA. This is an excellent opportunity for Inverse Finance to get a jump start on our 2022 plans to encourage more DAO treasuries to diversify into sustainable organic stablecoins starting with DOLA. The treasury diversification market opportunity for Inverse is large and launching this effort with a pro-Inverse partner like Floki is an ideal way to ease into this new program. One of multiple benefits we can promote to DAO treasuries - on a case by case basis - is the addition of their token as a collateral type to Anchor in order to enable a DOLA lending facility against that token. The Floki community is eager for a new borrowing facility and a Chainlink oracle for FLOKI on Ethereum is already live. In order to ensure a successful launch of this effort, we propose to simultaneously begin re-aligning current INV incentives for YFI, ETH, WBTC and xSUSHI from 100 to 75 INV per month and to set INV incentives of 50 INV per month for FLOKI staking. Lastly, the Floki community brings a great deal of energy to this effort (check out the Discord) and in combination with other “popular” collaborations underway like Concave can bring new visibility to DOLA and Inverse and potentially lead us into other treasury diversification and lending protocol opportunities.
0x3fcb35a1…cb28sent to0xef3bd8ca…e2fd·#13,794,234·0x02d2b5c6…1231fd
# Add FLOKI as Anchor collateral and modify INV Rewards Inverse has been approached by an early Inverse Finance community member and core team member of the Floki (formerly Floki Inu) project to create a DOLA borrowing facility for FLOKI on Anchor and to diversify the Floki treasury into $3 million DOLA. This is an excellent opportunity for Inverse Finance to get a jump start on our 2022 plans to encourage more DAO treasuries to diversify into sustainable, organic stablecoins starting with DOLA. The treasury diversification market opportunity for Inverse is large and launching this effort with a pro-Inverse partner like Floki is an ideal way to ease into this new program. One of multiple benefits we can promote to DAO treasuries - on a case by case basis - is the addition of their token as a collateral type to Anchor in order to enable a DOLA lending facility against that token. The Floki community is eager for a new borrowing facility and a Chainlink oracle for FLOKI on Ethereum is already live. In order to ensure a successful launch of this effort, we propose to simultaneously begin re-aligning current INV incentives for YFI, ETH, WBTC, and xSUSHI from 100 to 75 INV per month and to set INV incentives of 50 INV per month for FLOKI staking. Lastly, the Floki community brings a great deal of energy to this effort (check out the Discord) and in combination with other “popular” collaborations underway like Concave, can bring new visibility to DOLA and Inverse and potentially lead us into other treasury diversification and lending protocol opportunities.
0x3fcb35a1…cb28·#13,549,618·0xb70da817…8601dd
Inverse Governor MillsInverse Governor MillsGovernorMills::castVoteBySig: in`GovernorMills::newQuorum: no cha`GovernorMills::propose: proposal` function information arity mism` GovernorMills::newQuorum: thresh`GovernorMills::cancel: cannot ca`ncel executed proposalGovernorMills::__executeSetTimel`ockPendingAdmin: only guardianGovernorMills::execute: proposal` can only be executed if it is q` GovernorMills::setGuardian: only`GovernorMills::propose: one live` proposal per proposer, found an` already pending proposalGovernorMills::propose: proposer` votes below proposal thresholdsetPendingAdmin(address)GovernorMills::propose: one live` proposal per proposer, found an` already active proposalGovernorMills::_castVote: voter `GovernorMills::updateProposerWhi`telist: sender must be timelockGovernorMills::updateProposalThr`eshold: sender must be gov guard` GovernorMills::acceptAdmin: send`er must be gov guardianaddition overflowEIP712Domain(string name,uint256` chainId,address verifyingContra` Ballot(uint256 proposalId,bool s`GovernorMills::_castVote: voting`GovernorMills::queue: proposal c`an only be queued if it is succe` GovernorMills::state: invalid pr`GovernorMills::_queueOrRevert: p`roposal action already queued at` GovernorMills::cancel: proposer `GovernorMills::__queueSetTimeloc`kPendingAdmin: only guardianGovernorMills::updateProposalThr`eshold: threshold too largeGovernorMills::updateProposalThr`eshold: no change in valueGovernorMills::propose: too many`GovernorMills::newQuorum: sender` must be gov guardian or timeloc` subtraction underflowGovernorMills::propose: must pro`
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# Upgrade Governance to GovernorMills GovernorMills features: - xINV stakers can vote and propose - DAO can vote to change quorum and proposal thresholds - DAO can whitelist addresses to propose without meeting the proposal threshold - Deployer address is set as a temporary guardian. Guardian can cancel pending proposals, update thresholds or transfer governance ownership in case of an emergency
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