Governance

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.

Aquarius governance proposal #128 fixes a voting system asymmetry where Against votes are counted toward the For quorum threshold, suppressing minority voting. The fix makes voting symmetric by letting Against votes count only toward the Against threshold, giving both directions equal strategic opportunity.

Aquarius proposes an Asset Eligibility Registry requiring governance approval for assets to receive AQUA emissions. The mechanism replaces an easily-exploited voting threshold with explicit yes/no governance votes, reducing rug-pull risk for liquidity providers while preserving open signaling.

Aquarius governance proposal #121 replaces the restricted-asset whitelist system with graduated penalties for assets with regulatory flags (AUTH_REQUIRED, AUTH_REVOCABLE, AUTH_CLAWBACK_ENABLED). Each flag incurs a 30% penalty, stacking up to 90%, with AUTH_IMMUTABLE capping penalties at 30%. Goal is to simplify governance while allowing regulated assets and leveling competition for smaller projects in reward distribution.

Aquarius governance vote approves whitelisting Glo Dollar (USDGLO) for liquidity voting and AQUA token rewards. USDGLO is a fully-backed, charity-focused stablecoin from Glo Foundation that directs all profits to public goods and charitable causes. Whitelisting brings a value-aligned asset to Stellar's liquidity infrastructure and strengthens ecosystem growth.

Aquarius governance proposal seeks to whitelist USDY, Ondo's yield-bearing Treasury-backed stablecoin, for liquidity voting and AQUA rewards. The move expands institutional asset diversity on Stellar's DEX incentive layer.

Aquarius governance proposes whitelisting PYUSD (PayPal USD) for liquidity voting and AQUA reward eligibility. The move removes asset-flag exclusions that currently prevent PYUSD from participating in Aquarius incentive mechanisms.

Aquarius governance proposal seeks to whitelist GYEN and ZUSD, two GMO Trust stablecoins, for liquidity voting and AQUA rewards. Both assets are regulated, listed on major exchanges, and actively traded on Stellar.

Aquarius governance proposal 115 aims to improve SDEX liquidity by adjusting the SpreadWeight formula's exponent from 8 to 69. The change concentrates rewards within the first ~2% of the order book, encouraging tighter spreads and higher-quality market-making.

Aquarius governance proposal shifts daily AQUA reward distribution from 3.5M/3.5M (AMM/SDEX) to 5M/2M, prioritizing the protocol's native AMM. Total emissions unchanged at 7M daily. The rebalancing aligns incentives with AMM's bribe revenue and reduces farming risk.

Aquarius proposes modifying SDEX reward distribution to split incentives 50/50 between buy and sell sides. The change prevents token issuers from dominating rewards through asymmetric liquidity while minting large volumes. It improves fairness, trader exit liquidity, and encourages symmetric market-making.

Aquarius proposes deprecating AQUA voting in favor of ICE-only governance. AQUA currently represents less than 1% of voting weight; the change simplifies contract logic and clarifies ICE as the core commitment mechanism.

Aquarius DAO proposes repealing a 50M AQUA grant to WhaleHub, arguing the unproven platform risks treasury stability and ecosystem priorities. The proposal identifies treasury depletion risks, lack of demonstrated value, BLUB token dilution concerns, poor market timing amid price struggles, and governance gaps as grounds for repeal.

WhaleHub, a yield optimization platform, proposes a 50M AQUA grant from Aquarius to lock tokens for maximum ICE rewards and seed a BLUB-AQUA liquidity pool. The platform aims to attract new users and boost ecosystem liquidity through accessible, boosted-yield staking.

Aquarius proposes protocol-native bribes powered by trading fees, directing portions to voter incentives weekly. Ties bribe availability to pool usage, aligning governance with productive markets. At current volumes, would generate ~$750/day in bribes.

Aquarius proposes restructuring SDEX rewards from liquidity provision to trading volume, introducing a two-phase plan: decouple SDEX and AMM voting, then launch trading competitions with anti-wash-trading safeguards.

Aquarius DAO governance proposal to compensate a user 15.7M AQUA (50% recovery) for losses incurred in the XLM/AQUA stable liquidity pool during the Classic-to-Soroban migration. On January 25, 2025, UX issues led the user to deposit highly unequal amounts, triggering $42,000 in losses. The proposal pairs DAO contribution with community matching.

Aquarius proposes tightening spread requirements for SDEX liquidity provider rewards. Only offers within 1.5% of market price from either side would qualify for AQUA incentives, eliminating rewards for orders with 40%+ spreads that provide no real benefit to traders.

Aquarius DAO proposes downvote immunity for projects paired with major assets. The governance action would grant immunity from downvotes to projects paired with XLM, AQUA, USDC, or EURC, addressing anticompetitive blocking and enabling new DeFi projects like Blend to compete fairly in the reward zone.

Aquarius governance proposal introduces a tiered boost system for liquidity rewards. AQUA pairs receive a 50% boost (up from 25%), XLM and USDC pairs get 30%, with a 10% total reward cap per pair. The proposal builds on earlier governance efforts and aims to incentivize interconnected markets while reducing isolated, manipulation-prone liquidity pools.

Aquarius proposes consolidating AMM rewards entirely onto Soroban, deprecating the Classic AMM. Daily 7 million AQUA will split between the Soroban AMM and native Stellar order book liquidity providers. The Soroban AMM has matured with $6-8M TVL and passed security audits from CoinFabrik and Certora.

Aquarius proposes revamping its boost system with a tier-based framework that prioritizes authenticity and real liquidity over voting influence. The initial proposal creates 5 tiers with boosts ranging from 40% (AQUA/XLM pair) down to zero for other pairs, with future phases to add bonuses tied to asset age, trading volume, compliance, and verification status.