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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
169
Live votes
0
DAOs
6
DAOAll 169Aquarius 81YieldBlox 50Reflector 8Public Goods 17SCF Public Goods 12Soroban Domains 1
StatusAll 169Voting 5Passed 84Executed 40Failed 12Expired 27Canceled 1
Proposals
81
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
AquariusVoting
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#1760 votes
AquariusVoting
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
AquariusVoting
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#1730 votes
AquariusVoting
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#1710 votes
AquariusPassed
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
AquariusPassed
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
AquariusExpired
Streamlining Bribes for Enhanced User Experience and Ecosystem Stability

Aquarius proposes mandating conversion of all bribes to AQUA tokens at collection time. The change simplifies trustline management for voters, streamlines user onboarding, and creates consistent demand for AQUA to enhance price stability.

#900 votes
AquariusExpired
Crowdfunding Mechanism for Aquarius Governance Proposal Publication

Aquarius proposes a crowdfunding mechanism for governance proposals to lower participation barriers. Community members can pool funds toward the 900k AQUA publishing fee and earn proportional shares of the 1.5M AQUA reward if the proposal passes. The seven-day crowdfunding window returns unmet contributions.

#970 votes
AquariusExpired
Better Incentivize Quality Liquidity On The SDEX By Making A Simple Change To The Current Rewards Formula

Aquarius governance proposal 102 adjusts the SDEX rewards formula to concentrate incentives near the orderbook spread. The new SpreadWeight calculation distributes nearly all AQUA rewards within 2% of the best bid/ask, encouraging tighter spreads and higher-quality liquidity provision instead of passive offers far from market prices.

#1020 votes
AquariusExpired
Cancel Proposal 99

Governance proposal 103 on Aquarius seeks to cancel Proposal 99 due to lack of team implementation intent and unmet community rewards. Downvote mechanism to be retained and expanded.

#1030 votes
AquariusExpired
Implement Exponential Boost Dampening for Bribed Markets

Aquarius proposal #106 introduces exponential boost dampening to prevent markets from exploiting combined bribes and vote boosts. Non-strategic markets will see voting multipliers decay as bribes increase, while core AQUA/XLM, AQUA/USDC, and XLM/USDC pairs retain full boosts.

#1060 votes
AquariusExpired
Whitelist GYEN and ZUSD (GMO Trust) for Voting Eligibility

Aquarius governance proposal to whitelist GYEN and ZUSD, stablecoins issued by GMO Trust, for voting and reward eligibility. The assets trade actively on Stellar but are currently excluded due to asset flag restrictions despite strong market usage.

#1110 votes
AquariusExpired
Transparent ICE Delegate Selection System

Aquarius governance proposal introducing a transparent, merit-based delegate selection system for ICE liquidity vote delegation. Establishes objective eligibility criteria (ICE holdings, liquidity provision history, governance participation), public applications, and community voting to replace the current opaque process and ensure fairness.

#1160 votes
AquariusExpired
Replacing blanket downvote immunity with downvote immunity given by protocol bribes

Aquarius governance proposal: replace automatic downvote immunity for XLM/AQUA/USDC pairs with immunity tied to protocol bribes and domain-level whitelisting. Aims to reduce scam token exploits while keeping stability for active projects.

#1230 votes
AquariusExpired
Hybrid Downvote Immunity — Balanced Bribes & Anti-Scam Oversight

Aquarius governance Proposal #124 refines immunity rules for liquidity pool rewards. The hybrid system treats protocol bribes and external bribes equally to encourage new project bootstrapping, while adding AI-assisted delegate oversight to flag and remove scams. Community feedback shaped the refinement, addressing complexity concerns while maintaining anti-gaming protections.

#1240 votes
AquariusExpired
Decentralization Reforms to Mitigate Power Concentration, Conflicts of Interest, and Potential Collusion

Governance reform proposal for Aquarius DAO addressing power concentration risks. Proposes vote weight caps (25% per entity with aggregation), mandatory conflict-of-interest disclosures with on-chain verification, and raised quorum thresholds (15% for treasury/grant proposals) to reduce manipulation and collusion among dominant delegates.

#1260 votes
AquariusExpired
Adopt Quadratic Voting with Participation Incentives for Improved Governance in AQUA DAO

The proposal introduces Quadratic Voting, where additional votes cost exponentially more credits (v² cost for v votes), paired with 1M AQUA per proposal distributed to incentivize participation. Removes the 10% quorum requirement. Aims to boost turnout, reduce whale dominance, and better reflect collective community sentiment.

#1290 votes
AquariusExpired
Implement Pool Health Ranking and Visible UI Warnings for Stable Pools on Aquarius

Aquarius governance proposal to add health rankings and visual warnings to stable pools. Colored UI badges (green/yellow/red) indicate imbalance risk levels (0-80%+). Helps retail liquidity providers understand impermanent loss risk before depositing. Simple frontend update with zero treasury cost.

#1360 votes
AquariusExpired
Introduce a 7-Day Minimum Voting Period for All Treasury & Grant Proposals

Aquarius proposes a 7-day minimum voting period for treasury and grant proposals to strengthen governance, with emergency exceptions for critical security or urgent protection needs.

#1370 votes
AquariusExpired
**Concern: Fairness of the Whitelist Created by Proposal 125**

A governance proposal on Aquarius raises fairness concerns about Proposal 125's whitelist mechanism, which requires roughly 6-10 billion ICE in voting power for entry. The core concern: only large holders and whale-controlled delegations can realistically decide who gains access, creating barriers for smaller or newer projects.

#1480 votes