Governance Update December 2024

The Governance & Coordination Group will provide a monthly update about all ended and on-going Centrifuge proposals - both in our own and in the broader crypto ecosystem - so the DAO can stay updated.


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Ended proposals (1st December - 31st December)

CP# Proposal Status Ended
136 Resetting the Centrifuge Council passed 17/12/2024

On-going proposals

CP127: Open 11 XCM channels and register parachain tokens

Short summary:

  • Open XCM channels with the following 11 parachains and register their parachain tokens on Centrifuge: Interlay, Bifrost, Acala, Zeitgeist, Astar, Phala, Polkadex, KILT, Neuroweb, Pendulum, Mythos

Implications:

  • Enable trading of CFG on DEXs across Polkadot: Acala, Astar, Polkadex
  • Stablecoins from Stellar to be used in Centrifuge RWA markets via Pendulum
  • Interlay could open a CFG money market (requires runtime changes to support 18 decimals)
  • Use Kilt decentralized IDs for KYC on Centrifuge?
CP132: Strategic Token Swaps Initiative for Centrifuge DAO

Short summary:

  • This proposal seeks to establish a framework for Centrifuge DAO to engage in strategic token swaps with other DAOs and RWA projects. The initiative aims to diversify our treasury, forge valuable partnerships, and enhance our position within the DeFi/RWA ecosystem through token swap opportunities.

Implications:

  • Optimize CentrifugeDAO’s treasury management
  • Foster inter-DAO collaboration
  • Initiate and nurture strategic relationships with complementary DAOs and projects
  • Attract new investors and DAOs
CPXXX: (POP) MarkitLend US Consumer Credit

Short summary:

  • Pool onboarding proposal to launch a new pool on Centrifuge to allow investors to invest in MarkitLend US Consumer Credit Fund, LP.
CPXXX: (POP) AfriCred

Short summary:

  • Pool onboarding proposal to launch a new pool on Centrifuge to allow investors to invest in AfriCred.

You can find a list of all ended CPs (both passed and rejected) to date in the Centrifuge Proposal Repository on GitHub.

On-going governance discussions

These discussions are for sharing ideas and receiving feedback to help sharpen any forthcoming proposals.


Proposals made in other DAOs

These are proposals made by Centrifuge Active Contributors in other DAOs.

Ended proposals (1st December - 31st December)

Proposal Where Status Ended

On-going proposals

Proposal Where Status Ending
Spark Tokenization Grand Prix Sky/Maker DAO rfp N/A
Spark Tokenization Grand Prix

A collaborative proposal, made together with Anemoy (issuer of T-bills on Centrifuge) and Janus Henderson Investors (a tier-one asset manager with $360B+ AUM).

Together with other issuers, they are competing to get a part of $1B from Maker DAO to invest in tokenized Real-World Assets. The decision will be made by Maker Governance and MKR holders.

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