Governance Update September 2024

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


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Ended proposals (1st September - 30th September)

CP# Proposal Status Ended
126 Recovery of lost tokens in bridge transaction passed 2/9/2024

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?
CP128: Amendments to CP2 component

Short summary:

  • Making amendments to the CP2 component (used for funding requests)

Implications:

  • Introduce a milestone based funding process
  • Making minor changes to the template used for funding requests
CP130: Goals and Themes for Resource Allocation for the Centrifuge Treasury

Short summary:

  • This proposal is an agreement that the goal of resource allocation from the Centrifuge Treasury should always support the mission of Centrifuge and to this end, resources should be allocated to the proposals that can make the case for the highest return and highest impact for Centrifuge according to clear goals and themes.

Implications:

  • All proposals should connect to the wider Centrifuge goals, and specify which goals your proposal meets and how.
  • Proposals must specialize in one or more of the Themes and list which Theme(s) are applicable.
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.

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.


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Proposals made in other DAOs

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

Ended proposals (1st September - 30th September)

Proposal Where Status Ended
Inclusion of Centrifuge in Marketing Narratives Polkadot DAO passed 5/9/2024
Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge Polkadot DAO passed 28/9/2024
Inclusion of Centrifuge in Marketing Narratives

This is a proposal submitted to the Polkadot DAO by @ImdioR in order to include Centrifuge in marketing narratives funded by Polkadot Bounty #33 – Marketing Bounty.

The proposal is live as Referendum 1059 on Polkadot OpenGov and any DOT holder can vote in this proposal.

Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge

This is a proposal made by @GraysonAlto, with support from @ImdioR and @The_Phunky_One_Lucky, and is a treasury proposal made to the Polkadot DAO to allocate 3M USDC of their idle stablecoins in their treasury to invest in Centrifuge’s T-Bill pool, Anemoy Liquid Treasury Fund.

The proposal is live as Referendum 1122 on Polkadot OpenGov and any DOT holder can vote in this proposal.

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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