Conclude Season 2 and Initiate Season 3

Inverse Finance DAO
1

Proposal to Conclude Season 2 and Initiate Season 3 at Inverse Finance DAO

Summary

This proposal seeks to finalize Season 2’s achievements and launch Season 3 at Inverse Finance DAO. It is focused on refreshing budgets and setting strategic directions for continued growth and stability.

Season 2 Review

Season 2 (May 2024 - October 2024) marked strategic growth, operational enhancements, and key achievements across all working groups, significantly advancing Inverse Finance DAO’s objectives. The north star of the season remained repayment of DOLA bad debt, of which 1,531,544 DOLA was repaid.

  • Treasury and Financial Stability: The TWG achieved $797,844 in profit through strategic use of voting power and AMM Feds. They maintained net-zero INV inflation for all liquidity operations and ensured a stablecoin runway aligned with the bad debt strategy. DOLA stable liquidity reached an all-time high TVL of $210M, with no depegging events over 3%. The TWG also solidified DOLA as the second-largest stablecoin on Base and formed key partnerships with Anzen and Overnight.
  • Operational and Analytical Excellence: The AWG strengthened technical capabilities, integrating Financial Machine Learning and Smart Contract indexing into Inverse Watch. They launched dashboards for sINV, LP DOLA weight monitoring, and executive metrics, while improving usability with features like dark mode. Their 24/7 alert systems and updated simulation framework were crucial for proactive risk management and data analysis.
  • Product and Security Advancements: The PWG delivered sINV, which consistently maxed out its deposit cap, creating sustained INV buy pressure. They overcame cross-chain hurdles, laying the groundwork for future sINV and sDOLA launches via Chainlink’s CCIP. FiRM managed $6.7M in liquidations without incurring bad debt and advanced the development of FiRMv2, which will introduce variable-rate lending alongside fixed rates. The PWG also enhanced security practices, incorporating more rigorous testing and review processes.
  • Strategic Growth Initiatives and Partnerships: The GWG expanded the ecosystem with new DEX partners such as Thruster, Fenix, and PancakeSwap, and onboarded lending partners like Fraxlend. They executed marketing strategies centered on community engagement and content creation, including a well-received sINV launch video.
  • Enhanced Risk Management and Security Measures: The RWG carried out comprehensive risk assessments, evaluating new and existing FiRM markets while expanding their risk management frameworks to cover emerging threats. They optimized market parameters through extensive simulations and advised on key strategic decisions, such as pausing or adjusting markets to mitigate risks. Collaborating with external security partners, the RWG explored advanced threat detection solutions and maintained the Bug Bounty Program.

Season 3 Outlook

As we transition to Season 2, all working groups have submitted their proposals and budgets for review and approval:

The aim for Season 3 is to leverage our past achievements to enhance DOLA’s market stability, expand our product offerings, and uphold our security standards.

As with Season 2, all active contributors on payroll will be removed as part of this proposal. In addition to this, the DOLA payroll contract will have its DOLA allowance to the Treasury refreshed.

On-Chain Actions

  • Remove all wallets from the payroll contract
  • Set DOLA allowance to the payroll contract of 800k
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