On-chain proposals from the DAOs that govern Stellar protocols — voted on-chain, summarized here with the context behind each one.
Aquarius governance proposal #72 addresses a double-dipping exploit where liquidity providers can move votes between pools after snapshots, inflating both bribes and daily rewards. The fix: take snapshots for both metrics at the same random time daily.
Aquarius proposes allocating a percentage of liquidity-mining bribes to the XLM/AQUA pair instead of 100% to the bribed pair. The mechanism aims to deter fake projects exploiting AQUA rewards while strengthening Aquarius itself. Suggested starting point: 10% redirect.
Aquarius governance proposes fixing an AMM rewards exploit where users game the system by adding and removing liquidity in 3-8 minute windows around snapshot times to claim full-hour rewards. Solution: switch to random-time or multiple snapshots. If passed, 500,000 AQUA will be burned.
Aquarius proposes a liquidity rewards boost formula for ICE token holders, modeled on Curve Finance's ve-system. The mechanism applies to both AMM and SDEX rewards, with boosts up to 2.5x based on ICE holdings relative to liquidity provided.
Aquarius governance proposal to reduce the voting boost for AQUA-paired markets from 50% to 25%, aiming to rebalance rewards across market pairs and improve incentive allocation for non-AQUA liquidity.
Aquarius governance proposal #64 removes the 50% voting boost on AQUA paired markets, made redundant by the ICE locking mechanism that grants up to 800% voting power to long-term AQUA holders. The change aims to simplify voting, prevent vote concentration, and enable more equitable community governance of market rewards.
Aquarius governance approved a permanent bribe strategy for eight key market pairs, allocating 700,000 AQUA per week to incentivize voting. The strategy targets XLM/Aqua, USDC/Aqua, and anchored pairs using Ultra Stellar's BTC and ETH assets, aiming to grow TVL matching the existing $1.1M XLM/Aqua pool.
Aquarius governance proposes a 50% vote boost for any liquidity pool that includes AQUA as the secondary asset, aimed at reducing vote bribery and redirecting daily rewards toward locking mechanisms. The change addresses a pattern where 70% of daily 7M AQUA rewards have been allocated to non-AQUA pairs and immediately sold, creating sustained downward price pressure.
Aquarius governance proposal to prevent tokens with locked supply from entering the reward zone and claiming AQUA rewards without community access to the underlying assets.
Aquarius governance proposal to amend airdrop #2: include AQUA, XLM, and yXLM held in AMMs in the distribution formula, stagger token unlocks across 30 days instead of simultaneous distribution, and delay the snapshot to January 15, 2022.
Aquarius governance proposes five amendments to Airdrop #2 including AQUA token valuation, rewards for liquidity providers, staggered unlock timing, and optional token locking for up to 3x reward boost. Snapshot moves to January 15.
Ultra Stellar proposes integrating AQUA as a rewards and loyalty token across its products, requesting a 100M AQUA grant from the Aquarius Community DAO Fund. Funds support promotion, fee refunds for AQUA holders, referral rewards, and asset dust collection.
