Governance

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Aquarius introduces APIS, a composite transparency score (0-100) for liquidity pools combining trading volume, pool imbalance, whale concentration, and incentive sustainability. The UI feature helps users evaluate pool quality beyond APR alone, with no changes to rewards or protocol mechanics.

Aquarius governance: SHX (Stronghold's stablecoin) is being added to the asset registry. The token has been on Stellar for over seven years with 90,111 trustlines and 55M+ trades as of June 28, 2026. The addition enables Aquarius users to interact with an established stablecoin backed by Stronghold's reserves.

Aquarius governance proposes whitelisting yXLM, Ultra Capital's yield-bearing XLM token offering 1.6% APY. Registration would add yXLM to Aqua's asset registry, enabling trading. Each yXLM is redeemable 1:1 for XLM.

Aquarius governance proposal to whitelist AQUAmb, a yield-bearing asset issued by Mirrasets, backed by USDC. Users lock AQUA for 12 months to earn yield. The asset has 2.39M tokens in circulation and operates via Soroban smart contract.

Aquarius governance proposes whitelisting USDP, a loyalty token from LUX Payband for in-event rewards. Not a US dollar stablecoin.

@aquariusdefi governance proposal to whitelist ESP token in the asset registry. ESP, issued by KPOP ROCKS, has 1.43B total supply with 22 funded trustlines, 1,183 trades, and a Stellar Expert risk rating of 3/10 as of June 28, 2026.

Aquarius proposes whitelisting PYUSD, Paxos's $1-backed stablecoin. The governance proposal would add PYUSD to Aquarius's asset registry, expanding DeFi options on Stellar with 7.9M tokens in circulation.

Aquarius governance proposes whitelisting sUSD, a synthetic stablecoin issued by synt.tech. sUSD is pegged to USD but not redeemable or asset-backed; it has 1.5M supply, 941 trustlines, and 855K trades on Stellar.

Aquarius proposes raising the voting quorum threshold from 10% to 20% specifically for treasury and grant proposals, addressing governance concentration risk. Proposal #108 passed a 50M AQUA grant with only 10.2% community participation, where the top two wallets accounted for roughly 73% of approving votes. The change preserves the 10% threshold for general governance and parameter changes.