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Governance

On-chain proposals from the DAOs that govern Stellar protocols — voted on-chain, summarized here with the context behind each one.

Proposals
184
Live votes
1
DAOs
6
DAOAll 184Aquarius 88YieldBlox 52Reflector 14Public Goods 17SCF Public Goods 12Soroban Domains 1
StatusAll 184Voting 4Passed 86Executed 48Failed 14Expired 28Canceled 1
Live votes
1 open
Aquariusends in 5d
Add XTAR to the asset registry

Aquarius governance vote to whitelist XTAR, a 4.6-year-old token from Dogstarcoin with 6.4M lifetime trades and a 7.2/10 Stellar Expert rating.

For 90%Against 10%
Asset Registrycloses Sep 6
Past proposals
183
AquariusVoting
Add yETH to the asset registry

Aquarius governance vote on whitelisting yETH, Ultra Capital's yield-bearing ETH token. The asset has 3.6 million trades and a 7.8/10 Stellar Expert rating.

Asset Registry#6480 votes
AquariusVoting
Add yBTC to the asset registry

Aquarius governance vote to whitelist yBTC, a yield-bearing Bitcoin token (1.5% APY, 1:1 BTC-backed) issued by Ultra Capital, for use in liquidity incentives. As of August 5, 2026, yBTC has 4,654 trustlines and a 7.8/10 Stellar Expert rating.

Asset Registry#6470 votes
AquariusVoting
Add xSolvBTC to the asset registry

Aquarius governance proposes whitelisting xSolvBTC, the yield-bearing variant of Solv's Bitcoin reserve token, to enable AQUA reward eligibility and governance voting for the asset on Stellar.

Asset Registry#1770 votes
Aquariusunknown
Add USDY to the asset registry

Aquarius whitelist proposal for USDY, the Ondo Finance yield-bearing stablecoin backed by US Treasuries. USDY holders would gain voting rights on governance decisions over the liquidity management layer's incentive allocations.

Asset Registry#3480 votes
Aquariusunknown
Add VELO to the asset registry

Aquarius governance proposal to whitelist VELO, a Treasury-backed stablecoin, on its asset registry. The proposal signals community approval to expand RWA integration on the Stellar DEX.

Asset Registry#3460 votes
Aquariusunknown
Add BLND to the asset registry

Aquarius proposes whitelisting BLND, Blend Capital's governance token and Soroban asset contract, in its asset registry.

Asset Registry#1750 votes
YieldBloxPassed
Set Backstop Take Rate To Zero

YieldBlox proposes setting the backstop take rate to zero following an exploit on the Comet pool. The change routes accumulated interest directly to lenders and borrowers instead of the backstop. Only the backstop_take_rate parameter is modified; other pool settings remain unchanged.

#511573.53B votes
AquariusExecuted
Add XRP to the asset registry

Aquarius governance vote on whitelisting XRP on its asset registry. The token, bridged from XRP Ledger via Firefly, has 102.6M in supply and a 9/10 Stellar Expert rating with strong activity metrics.

Asset Registry#28313.6B votes
AquariusExecuted
Add BTC to the asset registry

Aquarius governance vote on whitelisting yBTC, a yield-bearing Bitcoin token issued by Ultra Capital. The asset has 3,317 funded trustline addresses and trades at $66,177.91 per token, backed 1:1 by deposited Bitcoin and generating approximately 1.5% annual yield.

Asset Registry#34916.31B votes
AquariusExecuted
Add SolvBTC to the asset registry

Aquarius governance proposes adding SolvBTC to the asset registry to enable governance-based whitelisting and AQUA reward eligibility. SolvBTC, from Solv Protocol, is the largest on-chain Bitcoin reserve protocol and is already integrated with Aquarius pools across 10+ chains.

Asset Registry#17614.73B votes
ReflectorPassed
Add PYUSDStellar Pubnet

Reflector DAO proposes adding PayPal's PYUSD stablecoin as a price feed to its oracle service on Stellar's mainnet. The proposal would enable DeFi protocols built on Stellar to access PYUSD pricing for lending, derivatives, and asset management.

Add Asset#14
ReflectorPassed
Add SolvBTCStellar Pubnet

Reflector DAO proposes adding a price feed for SolvBTC, enabling smart contracts on Stellar to access real-time pricing for Solv Protocol's Bitcoin yield derivative.

Add Asset#13
ReflectorPassed
RWA data source

Reflector DAO proposes a fully customizable RWA data source provider to expand oracle capabilities for pricing real-world assets on Stellar DeFi.

Price Feed#12
AquariusFailed
Add BLUB to the asset registry

Aquarius governance opens voting on BLUB, the yield-optimization token from WhaleHub. Users stake AQUA to mint BLUB for access to boosted liquidity-mining rewards. The asset has 1.84B supply on a Soroban smart contract and a Stellar Expert rating of 3 out of 10, as of 2026-07-11.

Asset Registry#17135.15B votes
ReflectorPassed
Adjust XRF fee model

Reflector DAO adjusts its XRF fee model with new pricing structure for governance actions. DAO decisions cost 40,000 XRF, adding new members costs 100,000 XRF, deploying new price feeds costs 400,000 XRF, and adding new oracle symbols costs 50,000 XRF.

General#11
ReflectorPassed
Beam oracle

Reflector DAO proposes creating a high-frequency price feed oracle for Beam to support derivatives, lending, and asset management on Stellar.

Price Feed#10
ReflectorExpired
Custom enterprise oracle providers

Reflector DAO proposes expanding the decentralized oracle to support custom enterprise data providers. The oracle extension would ingest external API data from custom sources, enabling Soroban smart contracts to access proprietary datasets beyond standard price feeds.

Price Feed#9
AquariusExecuted
Add EURC to the asset registry

Aquarius governance vote to add Circle's EURC (EUR stablecoin) to its asset registry. EURC has 2.62M supply and 4,496 funded trustlines on Stellar as of 2026-07-11.

Asset Registry#17326.19B votes
YieldBloxFailed
Should the DAO use treasury to supply PYUSD and USTRY to the lending pool?

YieldBlox DAO governance proposal asks whether the DAO should use treasury to supply PYUSD and USTRY to improve lending pool liquidity.

#501695.84B votes
AquariusExecuted
Add ETH to the asset registry

Aquarius governance proposal to whitelist ETH, an Ultra Capital-issued stablecoin backed 1:1 by Ether deposits and providing 2.7% APY yield. The token has accumulated 6.3M+ trades and 15,958 trustlines on Stellar. Whitelisting enables protocol integrations.

Asset Registry#14720.9B votes
AquariusExecuted
Add yUSDC to the asset registry

Aquarius governance proposal to whitelist yUSDC, an Ultra Capital yield-generating USDC wrapper backed 1:1 by crypto deposits. The asset has 3.31M supply across 34,701 trustlines and rates 9.7/10 on Stellar Expert.

Asset Registry#14620.26B votes
AquariusFailed
Add RAYO to the asset registry

Aquarius governance proposal to whitelist RAYO in the asset registry. RAYO is a 155-day-old token with 330M supply and a Stellar Expert rating of 4.3/10, showing modest trading activity.

Asset Registry#14518.96B votes
AquariusExpired
Changes to governance fees and reward

Aquarius governance 2.0 introduces a fee restructuring proposal with increases to creation (200,000 AQUA), editing (200,000 AQUA), and publication (1,300,000 AQUA) fees, alongside a boost to proposal rewards (3,000,000 AQUA), aimed at reducing spam and ensuring higher-quality governance contributions.

#540 votes
AquariusExpired
The Abundance of Exploits with the Aquarius Reward Engine and Re-Engineering it

Aquarius Governance Proposal 24 addresses multiple exploits in the protocol's reward engine. The proposal suggests moving from hourly to daily payouts, upgrading the SDEX reward model to focus on transactional value, implementing dynamic AMM-vs-SDEX ratio distribution, and establishing an Aquarius-backed bribe strategy to incentivize foundational market pairs.

#550 votes
AquariusExpired
Reduce voting boost for AQUA paired markets to 25%

Aquarius governance proposal to reduce the voting boost on AQUA-paired markets from 50% to 25%. The current 50% boost is argued to make it too easy for new or low-value assets to enter the reward zone, and some assets are being created purely to farm AQUA rewards. Reducing the boost aims to rebalance the voting system and restore incentives for non-AQUA-paired markets.

#560 votes
AquariusExpired
Ghost Tokens and New Popular Pair Requirements

Aquarius proposes governance reforms to eliminate ghost tokens from its Reward Zone. Requirements include whitelisting anchor assets (XLM, USDC, USDT, and wrapped assets) that all token pairs must include, requiring token creators to register with Discord and verify identity, and banning anonymous TOML hosting services.

#620 votes
AquariusExpired
Design Specifications for Aquarius Reward Engine V3

Aquarius proposes Reward Engine V3 to address known exploitability issues. Changes include daily payouts instead of hourly, a redesigned SDEX V3 model, and fairer dynamic allocation between AMM and SDEX rewards.

#630 votes
AquariusExpired
0.01% tax for AMM rewards votes

Aquarius proposes a 0.01% daily voting tax on AQUA and ICE used in AMM governance votes. Collected taxes would be burned daily to offset inflationary emissions that have eroded AQUA value by 98% over one year.

#670 votes
AquariusExpired
Allow bribes to only be paid in AQUA, USDC and XLM

Aquarius proposes restricting market bribes to AQUA, USDC, and XLM only, with non-AQUA bribes automatically converting 25% to AQUA upon collection. The change aims to strengthen AQUA's role as the primary bribe token and create positive feedback loops between governance participation and AQUA purchasing incentives.

#690 votes
AquariusExpired
Proposal to add a threshold to only pay out AMM rewards to pairs with a minimum average AMM volume

Aquarius governance proposal to add a 0.5% minimum average volume threshold for AMM reward distribution. Pairs below the threshold will not receive AMM rewards; the redistributed AQUA will go to higher-volume pairs.

#790 votes