@ doraintern

Introduction

Dora Factory remains at the forefront of blockchain innovation and decentralized governance, playing a crucial role in the development of the blockchain ecosystem. This governance report for March and April 2024 delves into the strategic decisions and governance activities that have characterized Dora Factory's recent endeavors. By examining the outcomes of various proposals and the rationale behind voting decisions, we aim to shed light on the governance dynamics that underpin Dora Factory's efforts. This analysis not only reflects Dora Factory's dedication to innovation and ecosystem development but also highlights its commitment to principles that ensure the blockchain community thrives through sustainable and collaborative growth.

Proposals

2024-04-25 Akash #256 Yes Dora Factory voted yes on the Akash Mainnet 11 Upgrade proposal (#256) to upgrade the Akash Network to version v0.34.0. This upgrade extends the authz implementation for DeploymentDeposit to allow re-use of unspent funds by the grantee. It also prevents multiple grants from different grantors from being used for the deposit on the same deployment, thus mitigating potential issues with fund return.

2024-03-30 Akash #254 Yes Dora Factory voted "yes" on Akash proposal #254, which sought approval for the community pool disbursement of 15,951.59 AKT ($82,150.69) for event funding in Q2 2024. The proposal aimed to increase the events budget for Q2, including two additional community attendees, a doubled Akash side event budget, and a doubled sponsored event budget. The updated budget for tier one events was set at $134,150.69, and for tier two events was set at $48,261.53. The proposal took into account the leftover funds from Q1, which amounted to around $52,000 worth of AKT at current prices ($5.15 per AKT),

2024-03-24 Akash #253 No Dora Factory voted "no" on Akash proposal #253, which sought 9,615 AKT (equivalent to $50,000) for developing and open-sourcing a tool aimed at streamlining the deployment of large language models onto Akash. This would provide solutions for 95%+ text-text and text-image LLMs available on HuggingFace, enabling an instant deployment of any existing or upcoming LLM from Hugging Face onto the Akash Network.

2024-03-22 Akash #252 Abstain Dora Factory abstained from voting on Akash proposal #252, which aimed to expand the network's user base through Coinbase Learning Rewards. The Akash core team planned to run 2-3 Learn campaigns with Coinbase, with a requested budget of $8,000,000 or ~1,612,903 AKT.

2024-03-11 Akash #251 Yes Dora Factory voted "yes" on Akash proposal #251 to revive the expired OmniFlix IBC channel (channel-61). The proposal aims to substitute a new client (07-tendermint-187) in place of the old client (07-tendermint-119) to revive the channel between Akashnet and OmniFlix.

2024-03-08 Akash #250 Yes Dora Factory voted "yes" on Akash proposal #250 for Akash Accelerate 2024, a day-long summit focused on the Akash ecosystem and decentralized AI space. The event aims to bring recognition to Akash, highlight its achievements, and generate relationships. The proposed budget is $177,500, covering expenses for a VIP dinner, main event, cocktail party, venue, catering, equipment, event management, A/V rental, videographer, swag, photographer, hotels, flights, and overage. The event is planned for May, before Consensus, with promotions starting in mid-April.

2024-03-05 Akash #249 Yes Dora Factory voted "yes" on Akash proposal #249 for the v0.32.0 software upgrade, scheduled for March 13th, UTC 17:00, at a height of 15414427. The upgrade includes removing the active lease check during provider updates, eliminating an unused market store index, and updating the consensus version.

2024-03-05 Akash #248 Yes Dora Factory voted "yes" on Akash proposal #248 to decrease the minimum deposit amount for deployment and bid transactions. If successful, this parameter-change governance proposal will lower the minimum deposit for both deployment and bid create transactions from 5 AKT ($22) to 0.5 AKT ($2.20). This change aims to decrease the cost of deposits on leases by 90%.

2024-04-24 Archway #42 Yes Dora Factory supports incentivizing the lending of ARCH and sARCH tokens on Demex's Nitron money market to expand token utility and reduce selling pressure, aligning with Archway's vision for ecosystem growth. This strategic collaboration with Demex fosters stability in Archway's market capitalization and boosts TVL and staking rewards. Additionally, the proposal outlines future plans for a long-term partnership, including launching new markets and liquidity pools, indicating a commitment to sustained collaboration within the Cosmos ecosystem.

2024-04-08 Archway #40 Yes Dora Factory voted yes on the Archway proposal to revive the expired Sentinel(sentinelhub-2) IBC client 07-tendermint-90. This proposal aims to reactivate the expired client by utilizing data from the newly created client 07-tendermint-98. By reviving the expired IBC client, Archway can maintain seamless interchain communication.

2024-03-06 Archway #39 No Dora Factory voted "no" on Archway proposal #39 for a Fast, Reliable, and Scalable Public RPC powered by Lava. The proposal sought to allocate $75,000 worth of ARCH tokens from the community pool to the Lava Foundation to launch a new public RPC endpoint for Archway. Despite the potential benefits of Lava's Incentivized Public RPC (ipRPC) initiative, Dora Factory's decision to vote against the proposal suggests concerns about the allocation of community funds.

2024-03-27 Cosmos #895 No Dora Factory voted "no" on Cosmos proposal #895, a signaling proposal for a permissioned CosmWasm. This proposal aims to replace proposal 893, which lacked details.

2024-03-27 Cosmos #893 No Dora Factory voted "no" on Cosmos proposal #893. The proposal's details and its impact on the Cosmos ecosystem are not provided.

2024-03-14 Cosmos #890 Yes Dora Factory voted "yes" on Cosmos proposal #890, which recommends adding the IBC Rate Limit module developed by Stride Labs to the Cosmos Hub. This module aims to limit potential damage to user funds in case of an exploited vulnerability by preventing massive inflows or outflows of IBC tokens in a short time frame. Initially, conservative rate limits with a 24-hour time window are proposed for various channels, such as 5% for uatom on Cosmos Hub-Osmosis (channel-141) and 1% for uatom on Cosmos Hub-Neutron (channel-569).

2024-03-01 Cosmos #885 Yes Dora Factory voted "yes" on Cosmos proposal #885 for the Gaia v15 software upgrade, which focuses on upgrading the Cosmos SDK to v0.47 with support for ICS and LSM. The proposal also includes upgrading dependencies, migrating vesting funds to the community pool, and setting the minimum commission rate staking parameter to 5%. The Gaia v15 release has undergone rigorous testing, including e2e tests, integration tests, and differential tests, as well as independent testing by Hypha Co-op.

2024-04-28 dYdX #55 Yes Dora Factory voted yes on the dYdX proposal to add a WIF-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the WIF-USD perpetual market.

2024-04-25 dYdX #54 Yes Dora Factory supported extending the dYdX Chain Launch Incentive Program for three more months, allocating an extra $10 million in DYDX. This aimed to sustainably boost trading activity and expand the user base. Dora Factory supports extending the dYdX Chain Launch Incentive Program because it aligns with their goals of fostering sustainable growth of the dYdX ecosystem.

2024-04-23 dYdX #53 Yes Dora Factory backed dYdX Proposal #53, supporting the software upgrade to dYdX Chain Protocol v4.1.0. This upgrade aimed to enhance user experience, particularly with conditional orders. It included skipping collateralization checks for untriggered orders and deprecating the pessimistic add-to-order book collateralization check. Dora Factory endorsed the proposal for its efforts to improve user experience and advance the dYdX platform's functionality.

2024-04-23 dYdX #51 Yes Dora Factory supported dYdX Proposal #51, which aimed to distribute $5M in DYDX tokens to qualifying users participating in trading season 3 of the dYdX Chain Launch Incentives Program. Spearheaded by Chaos Labs, the proposal ensured fairness by analyzing trading data to identify and address artificial or wash trading activities. Transparency was upheld through openly publishing recommendations and relevant data on the dYdX Chaos Labs Risk Portal.

2024-04-23 dYdX #52 Yes Dora Factory voted yes on the dYdX proposal to add a CHX-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the CHX-USD perpetual market.

2024-04-20 dYdX #50 Yes Dora Factory voted yes on the dYdX proposal to add a DYDX-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the DYDX-USD perpetual market.

2024-04-06 dYdX #49 Yes Dora Factory supported dYdX proposal #49 to liquid stake 20M DYDX tokens with Stride to bolster the dYdX Chain's economic security and stake-weight distribution. This initiative, which includes a 25% fee reduction from Stride, aims to enhance the chain's economic security and decentralize validator participation. Prior testing confirmed the seamless execution of staking and unstaking processes, ensuring the proposal's feasibility.

2024-04-06 dYdX #48 No Dora Factory voted "no" on dYdX proposal #48, the dYdX Short-Term Boost Program (STBP) which outlined a six-month $1M grant program focused on community engagement, driven by analytics and overseen by a council of three experts. Despite the initiative's potential to foster community involvement and growth, the proposal details provided were not very comprehensive.

2024-04-02 dYdX #46 Yes Dora Factory voted "yes" on dYdX proposal #46 for the dYdX Chain Software Upgrade v4.0.0, aimed at enhancing the platform's functionality and security. This upgrade introduces significant advancements such as advanced order book features, risk and safety improvements, and enhancements related to the Cosmos ecosystem. Key updates include the introduction of Reduce-Only Orders with Fill-Or-Kill (FOK) and Immediate-Or-Cancel (IOC) options, enhancing the trading experience by allowing precise order executions. Additionally, the upgrade enhances security through IBC Withdrawal Rate Limiting using a Continuous Token Bucket algorithm and a new safety mechanism that blocks transfers and withdrawals under specific conditions.

The upgrade also integrates the x/authz module from the cosmos-sdk, which allows for the granting of specific privileges, adding flexibility and security to the protocol. Furthermore, the protocol has been upgraded to Cosmos SDK v0.50.3, introducing features like optimistic execution and vote extensions.

2024-03-07 dYdX #34 Yes Dora Factory voted yes on the dYdX proposal to add a ALGO-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the ALGO-USD perpetual market.

2024-03-07 dYdX #33 Yes Dora Factory voted yes on the dYdX proposal to add a HBAR-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the HBAR-USD perpetual market.

2024-03-04 dYdX #31 Yes Dora Factory voted yes on the dYdX proposal to add a IMX-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the IMX-USD perpetual market.

2024-03-04 dYdX #30 Yes Dora Factory voted yes on the dYdX proposal to add a INJ-USD perpetual market on dYdX. This proposal aimed to introduce necessary parameters for the INJ-USD perpetual market.

2024-03-19 Evmos #272 Yes Dora Factory voted "yes" on Evmos proposal #272 to extend liquidity mining incentives for Phase 4. The proposal seeks 260,635 EVMOS tokens per month for 3 months (April - June) to maintain current incentive levels, which were reduced by 25% on March 14, 2024. This aims to support the Evmos ecosystem's growth during the upcoming Wormhole upgrade and potential cross-chain marketing initiative.

2024-04-19 Injective #392 Yes Dora Factory supported Injective Proposal #392 for INJ 3.0, aiming to make INJ more deflationary by decreasing inflation rate bounds over two years. This aligned with Dora Factory's goal of fostering sustainable ecosystems and rewarding stakeholders. The proposal also sought to increase responsiveness to staking activity, ensuring protocol adaptability. Overall, Dora Factory endorsed this initiative for its potential to create a robust, sustainable asset in line with Injective's long-term vision.

2024-04-17 Injective #391 Yes Dora Factory voted yes on Injective Proposal #391 because it recognized the significance of adding the messages /cosmwasm.wasm.v1.MsgInstantiateContract and /cosmwasm.wasm.v1.MsgExecuteContract as ICA host allow messages. This addition would facilitate the trustless posting of redemption rate values to the Stride Redemption Rate Oracle Contract on the Stride blockchain. By supporting this proposal, Dora Factory aimed to enhance the reliability and functionality of the oracle system within the Injective ecosystem, contributing to the ecosystem's overall robustness and efficiency.

2024-04-14 Injective #389 Yes Dora Factory voted "yes" on Injective proposal #389 to upload the Stride Redemption Rate Oracle Contract. This contract uses an interchain account to provide decentralized redemption rates for Stride’s stTokens, such as stINJ, on the Injective blockchain. It aims to enhance the reliability of oracle price feeds for stTokens in collaboration with Levana’s and Neptune’s oracle implementations.

2024-03-30 Injective #377 Abstain Dora Factory abstained from voting on Injective proposal #377 to upload the Ninza Pepe PvP Contract Wasm Code in order to maintain a neutral stance on the integration of this specific gaming contract within the Injective ecosystem.

2024-03-30 Injective #378 Abstain Dora Factory abstained from voting on Injective proposal #378 to upload the A5TOUND Playland Plaza Contract. This contract aims to introduce mystery boxes, referred to as Loot Boxes, to the Injective blockchain. By abstaining, Dora Factory maintains a neutral stance on the integration of this specific gaming contract within the Injective ecosystem.

2024-03-28 Injective #376 Abstain Dora Factory abstained from voting on Injective proposal #376 to upload the Blocksmith Labs Presale Contract. This contract is designed to facilitate presale activities on the Injective network, allowing users to purchase a set amount of supply during the presale period. By abstaining, Dora Factory maintains a neutral stance on the integration of this specific presale contract within the Injective ecosystem.

2024-03-25 Injective #368 Abstain Dora Factory abstained from voting on Injective proposal #368 to upload the Ninja Blaze Double Contract. This contract is part of the Ninja Blaze gaming platform, which aims to provide transparent and verifiable blockchain-based games where players compete against each other. By abstaining, Dora Factory maintains a neutral stance on the integration of this specific gaming contract within the Injective ecosystem.

**2024-03-25 Injective #370 Abstain - 2024-03-25 Injective #372 Abstain** Dora Factory abstained from voting on Injective proposal #370 to #372 to upload the Ninza Multicall Contract Wasm Code in order to maintain a neutral stance on the integration of this specific gaming contract within the Injective ecosystem.

2024-03-25 Injective #373 Abstain Dora Factory abstained from voting on Injective proposal #373 to upload the Ninza Referral Contract Wasm Code. This contract is part of the Ninza.xyz GameFi project built on the Injective blockchain, which offers a decentralized gaming experience with various rewards, including INJ, $NINZA, $nGOLD, points, XPs, and NFTs. By abstaining, Dora Factory maintains a neutral stance on the integration of this specific gaming contract within the Injective ecosystem.

2024-03-25 Injective #369 Yes Dora Factory voted "yes" on Injective proposal #369 to distribute 39,190.069 INJ tokens as rewards for the Open Liquidity Program (OLP) in epoch 30. The total includes previously earned rewards from epoch 27 and 50% of the rewards for epoch 30. The remaining 50% of epoch 30 rewards will be paid out in the future, provided the recipient remains an active participant in the OLP.

2024-03-21 Injective #362 Yes Dora Factory voted "yes" on Injective proposal #362 to upload the Aeroscraper Lending & Borrowing Protocol Contract Wasm Code. This decision supports the integration of the Aeroscraper protocol into the Injective ecosystem, offering users a decentralized, governance-free lending and borrowing platform with zero percent interest rates. Aeroscraper utilizes the AUSD stablecoin and an efficient liquidation mechanism to ensure capital efficiency and stability.

2024-03-18 Injective #361 Yes Dora Factory voted "yes" on Injective proposal #361 to increase the maximum trading leverage for BTC Perp and ETH Perp to 20x. This change, driven by the high liquidity of these perpetual markets, sets the initial margin for 20x leveraged BTC and ETH pairs at 4.95%, with a maintenance margin of 2%.

2024-03-18 Injective #360 Yes Dora Factory voted "yes" on Injective proposal #360 to update the minimum quantity tick for the QUNT/INJ market. This change aims to enhance the trading experience for markets with low prices by adjusting the minimum quantity tick from 1000 to 100, allowing for more precise trading and improved market liquidity.

2024-03-15 Injective #359 Yes Dora Factory supported Injective proposal #359 to add the Aeroscraper Lending & Borrowing Oracle Helper Contract. This move brings a decentralized, zero-interest lending and borrowing platform to Injective, using the AUSD stablecoin and a streamlined liquidation process to offer a DeFi experience free from governance overhead and optimized for capital efficiency.

2024-03-11 Injective #355 Yes Dora Factory voted "yes" on Injective proposal #355 to increase the window for Peggy-related penalties, aligning it with the current block signing penalty parameters. This proposal, drafted by the Citadel.one validator, aims to harmonize the penalization mechanisms within the Injective ecosystem, ensuring consistency in the handling of potential violations.

2024-03-08 Injective #354 Abstain Dora Factory abstained from voting on Injective proposal #354 to upload the Injex Finance Contract Wasm Code. This contract is designed for the Injex Finance app, which aims to provide liquidity aggregation services within the Injective ecosystem by connecting to various DEXes, pooling liquidity, and offering optimized rates.

2024-03-02 Injective #353 Yes Dora Factory voted "yes" on Injective proposal #353 to update the minimum price tick and minimum quantity tick for the USDe/USDT market. This change aims to enhance the trading experience by adjusting the minimum price tick from 1000000000000000000000 to 0.0001 and the minimum quantity tick from 0.001 to 0.1 for the USDe/USDT market.

2024-03-06 Sei #52 Yes Dora Factory voted "yes" on Sei proposal #52 to revive the Agoric IBC client 07-tendermint-44. This decision supports the reactivation is essential for enabling interoperability and asset transfers between the Sei and Agoric networks.

Conclusion

Reflecting on the governance activities of March 2024, it's clear that Dora Factory's decisions and the proposals it has supported are deeply rooted in a commitment to decentralized governance and the betterment of the blockchain ecosystem. The strategic choices outlined in this report underscore Dora Factory's proactive approach to addressing challenges and its vision for fostering a more inclusive and innovative blockchain future. As we move forward, Dora Factory is poised to continue participating in governance to promote ecosystem growth, enhance partnerships, and contribute to the blockchain technology's evolution.

For more details and regular updates, visit Dora Factory's Governance Portal