Governance Update November 2024

Announcements
1

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.

image

Ended proposals (1st November - 30th November)

CP# Proposal Status Ended
134 Renewal RWA Lending Market Liquidity Bootstrap passed 2/12/2024

On-going proposals

CP# Proposal Status Ending
127 Open 11 XCM channels and register parachain tokens rfc N/A
132 Strategic Token Swaps Initiative for Centrifuge DAO rfc N/A
136 Resetting the Centrifuge Council voting N/A
XXX (POP) MarkitLend US Consumer Credit rfc N/A
XXX (POP) AfriCred rfc N/A
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
CP136: Resetting the Centrifuge Council

Short summary:

  • Resetting the Centrifuge council to a new set of 9 councillors as a temporary solution until the migration from Gov1 to OpenGov

Implications:

  • Ensuring a more responsive and active set of councillors who are able to react in a timely manner for urgent proposals
  • Changing the council going forward would require a new referendum
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.

image
image284×115 912 Bytes

Proposals made in other DAOs

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

Ended proposals (1st November - 30th November)

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.

1 Like