On-chain proposals from the DAOs that govern Stellar protocols — voted on-chain, summarized here with the context behind each one.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
YieldBlox V2 lending pool transitions to admin_active status, resuming all lending and borrowing functions following governance approval.
YieldBlox DAO updates pool emissions to concentrate liquidity incentives on XLM and USDC trading pairs. XLM gets 15% supply and 10% borrow rates; USDC gets 50% supply and 25% borrow rates; all other assets set to 0%.
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.
YieldBlox DAO proposes reducing the EURC collateral factor to 0% on Blend Protocol via Soroban Governor governance. The proposal queues a reserve parameter change as the first step of Blend's standard two-step governance process, which mandates a 7-day timelock before a second proposal can finalize the change.
YieldBlox DAO proposes reducing USDGLO collateral factor to 0% in Blend V2 via Soroban Governor. This initiates step 1 of Blend's standard two-step reserve modification; a 7-day timelock follows before the final activation vote.
Governance proposal to reduce USTRY (Etherfuse stablebonds) collateral factor to 0% on Blend Protocol. Step 1 of Blend's two-step reserve adjustment process; 7-day timelock before final activation.
YieldBlox DAO proposes reducing CETES collateral factor to 0% on Blend, step 1 of a two-step governance process via Soroban Governor.
YieldBlox DAO governance proposal to freeze the pool and protect assets while analyzing an oracle exploit.
YieldBlox DAO is voting on adding PayPal USD (PYUSD) to its V2 lending pool. The proposal sets a 5M supply cap, 90% collateral factor, 111% liability factor, with 90% max utilization and 75% target utilization. If approved, a 7-day queue period precedes the asset's actual addition.
YieldBlox DAO proposes depositing 34,784 LP tokens into the V2 pool to resolve tokens left in the DAO account during the V1→V2 transition.
YieldBlox DAO governance proposal queued to increase CETES supply cap from 5M to 20M tokens. A follow-up proposal will be required after one week to enact the configuration change.
YieldBlox DAO proposes transferring 2.15M BLND tokens from its treasury to the Backstop Manager contract. The transfer bootstraps YieldBlox V2's backstop with a price floor set at 80% of market value at creation time, managed by the YieldBlox Security Council.
YieldBlox DAO governance proposal to deposit 567,793 liquid LP tokens to the Backstop Manager contract (AEM5) for YieldBlox V2 backstop functionality. Contingent on Proposal 33 passing.
YieldBlox DAO governance proposal to withdraw its full deposit from the V1 backstop pool. The action, following Proposal 32's queueing, reallocates capital from the DeFi money market's legacy system.
YieldBlox DAO proposes withdrawing its full backstop position from the V1 pool to reallocate capital and consolidate operations.
YieldBlox DAO governance proposal to unlock the final v1 emissions claim. Once v1 emissions accrue, the DAO can claim all remaining rewards, with follow-up proposals to come for LP token distributions.
YieldBlox DAO governance proposal to transfer 350,000 LP token shares to the Backstop Manager for deposit into the YieldBlox V2 backstop pool, following the successful claim of unlocked backstop tokens.
YieldBlox DAO governance proposal #29 executes the first withdrawal from its v1 pool, utilizing Soroban Governor and the Blend protocol's backstop module contract to transfer LP tokens to the DAO contract.
YieldBlox DAO governance vote to withdraw 350,000 shares (approximately half of the DAO's 750,000-share holdings) from the V1 backstop contract. This partial withdrawal is a key step in the DAO's transition strategy from V1 to V2 pool infrastructure.