Aave Chan Initiative Delegate platform

Set LDO, stMATIC, MaticX and SD Emission_Admin for Polygon v3 Liquidity Pool

Vote Result: YAE

Rationale

The ACI voted YAE, LSDs yield loops are a strategic growth vector for Aave increasing both liquidity & borrow volume and thus protocol revenue.
This AIP allows LSDs partner on polygon to participate in LM program to support Aave liquidity growth, it’s a clear win-win for every party involved.

3 Likes

Freeze Aave V1

Vote Result: YAE

Rationale

the ACI voted YAE, Aave V1 is not gas optimized and lack the upgrades of V2 & V3. A freeze will still allow users to repay their position and withdraw.

unfortunately this proposal didn’t meet quorum but as it was non-contentious we’re supportive of a re-run.

2 Likes

[ARFC] Repay Excess CRV Debt on Ethereum v2

Vote Result: YAE

Rationale

the ACI voted YAE use USDC to buy CRV, considering the excess debt amount, usage of the safety module is not required, also as CRV is a strategic asset for the emergence of GHO and considering there’s around 30m$ in DAO treasury in stablecoins, using part of DAO stablecoins while keeping the CRV seems the most efficient strategy.
we regret the lack of an “Abstain” option in this vote, while the ACI had no intention to abstain it’s important that the diversity of opinions of the community can be voiced and encourage @Llamaxyz to follow standards if possible.

[ARFC] Ethereum v2 Collector Contract Consolidation

Vote Result: YAE

Rationale

the ACI voted YAE, consolidating the books to USDC is a net positive for the protocol and with the upcoming emergence of V3 the time to do this is fit. we appreciate llama optimization on premium, theses assets auctions from the protocol are basically “slippage-free” winning trades and great opportunities for arb & Market markets, the ACI is supportive of more systemic integration of the auctions (such as with DEX aggregators) to make the clearing of it as fast and smooth as possible while optimizing the premium to make sure the DAO gets the best possible deal from it at the benefit of the protocol.
Discussions are ongoing with several potential integrators on this.

[ARFC] [ARFC] Receipt of Gauntlet Insolvency Fund

Vote Result: ABSTAIN

Rationale

the ACI voted ABSTAIN. While we have no strong opposition to this proposal, sending the AAVE to the Ecosystem reserve is basically a gift to the Safety module stakers and these funds will eventually run out. we have the feeling that a more strategic usage of these StkAAVE could have been done (Use them to power a discounted credit line of GHO minting and provide GHO liquidity for example)

Hi @MarcZeller,

Thank you for the feedback on the [ARFC] Receipt of Gauntlet Insolvency Fund proposal. Please note, that using the stkAAVE to support GHO adoption is something being looked into. With v3 not yet deployed on Ethereum and seeing v2 liquidity migrate to v3 very slowly, any proposal using stkAAVE to support lower GHO borrowing rates just now is a bit early. If such a proposal was to emerge at a later date, it will likely be at a larger scale than what would be supported by the Gauntlet holding.

Great delegation thread. I really like reading your feedback on each of the proposals. Thank you for being a consistent voter as well. :slight_smile:

1 Like

In accordance to our previous position, the ACI voted YAE on the Re-run of this proposal.

Finger crossed for quorum!

1 Like

[Temp Check] Deploy Aave on Metis

Vote Result: ABSTAIN

Rationale

the ACI rationale was explained in the thread here: Launch Aave V3 on Metis - #47 by MarcZeller

[ARFC] Aave DAO Policy Change: Halt Listings on all Aave v1 & v2 Non Permissioned Deployments

Vote Result: YAE

as stated many times, V3 is the future of Aave, with current market situation, the protocol needs to fully use the supply and borrow caps to limit risks, adding new listing to V3 exclusively will also add to V3 attractivity and support transition to the new version of the protocol

[ARC] Updated: Gauntlet <> Aave Renewal

Vote Result: YAE

As Gauntlet switched to a fixed fee model, the ACI is plainly supportive of this proposal. Independent third-party risk service providers are key to protocol resilience and the ACI is looking forward to working with gauntlet in 2023.

1 Like

Aave v2 ETH Interest Rate Curve Update

Vote Result: YAE

Rationale

LSD yield optimizer loops are a massive driver of Aave protocol revenue. This upgrade of interest rate strategy will both increase the expected yield of these strategies and overall protocol revenue while keeping risks at acceptable levels.
The ACI is plainy supportive of this proposal and will also support related proposals in the MATIC ecosystem.

Kudos to @Llamaxyz & Gauntlet for their collaboration on this AIP.

2 Likes

Super exciting to see the Aave Chan Initiative - @MarcZeller has always had his heart within the Aave community and been valuable contributor over the pasts years. ACI is a great initiative to support the Aave DAO directly as a delegate - will support Marc fully on the Aave Chan Initiative :ghost:

7 Likes

Freeze Aave V1

Vote Result: YAE

Rationale

The ACI position did not change with this re-run, V1 is legacy tech and as a cost-to-run (chainlink price feeds infra), we’re supporting progressively fading out legacy versions of Aave to allow focus on V3 and reduce overall cost.

Again, ACI position did not change from snapshot vote, we look forward to keep working with Gauntlet in 2023

Authorise the release of Aave <> Chainlink Proof of Reserve for Aave Avalanche

Vote Result: YAE

Rationale

Proof of Reserve is a net positive for the Aave protocol resilience, as Harmony market events shown, even a functioning Aave can suffer from infrastructure it’s built upon. PoR implementation while not eliminating risks, helps in these scenarios. the ACI is supportive.

[ARFC] Aave v3 Polygon wMATIC Interest Rate Update

Vote Result: YAE

Rationale

As stated multiple times and in line with our delegate platform, the ACI supports LSDs yield leverage strategies as big potential drivers of protocol revenue, this interest rate strategy allows for these strategies to scale and be more profitable while making Aave V3 on polygon more attractive overall.

[ARFC] BAL Interest Rate Curve Upgrade

Vote Result: YAE

Rationale

For the same reasons of wMATIC vote, the ACI is supportive of a proposal in line with its delegate platform.

1 Like

I fully support and trust @MarcZeller to play Scrooge McDuck to ensure rational spending :duck:

3 Likes

snapshot votes


[ARC]: Risk Parameter Updates for Aave V3 Optimism 2022-12-29

Vote Result: YAE

Rationale

This temporary arc is an act of caution given the relatively low liquidity of AAVE on OP. It should be followed by a more robust AIP later when risk teams will recommend risk parameters for this asset.

Approve pricing approach for WBTC on Aave

Vote Result: WBTC oracle based on WBTC

Rationale

It was not an easy choice, while we firmly believe wBTC value will always “mechanically” go back to peg due to bitgo redeemability and any offpeg event is temporary in nature. it is a better security practice to track the asset directly and not the underlying, in the case of Bitgo issue, doing this will allows liquidation to happen and reduce the negative consequence of this kind of event.

Updated: Aave Grants DAO Renewal

Vote Result: YAE

Rationale

The ACI supports this updated proposal, our “Scrooge McDuck” campaign allowed 750k$ cost-cutting while maintaining a high-quality of AGD program.

AIPs


  • Update renFIL rate strategy on Aave v2 Ethereum

  • Rewards controller update across V3 pools

  • Risk Parameter Updates for Aave v2 Ethereum - LTs and LTVs for Long Tail Assets

  • Risk Parameter Updates for Aave v2 Ethereum - LT and LTV (DAI, USDC)

  • Supply/Borrow Cap Updates for Aave v3

  • Chaos Labs Aave v2 Coverage

  • Risk Parameter Updates for Aave V3 Optimism Market (2022-12-29)

Vote Result: YAE

Rationale

the ACI voted in support of these proposals (rationales are the same as on snapshot vote). This batch of AIPs during the holidays all reached quorum thanks to the activity of platform delegates and the aave community, that being said, we do not recommend in the future to post AIPs in the middle of holidays to increase the odds of reaching quorum.

5 Likes

mic check - one two, one two, does this thing work?

With the ACI we apologize for the lack of updates in this section of the forum, we got ourselves busy and didn’t take the time to update the huge amounts of TEMP CHECK, ARFC, AIPs, votes & updates we participated in.

We will try to re-start the updates in here, obviously too much has happened since our last update so we start back from now.

AIPs/proposals :

From now on we’ll try to publish here a short-term roadmap (less than a month delivery), then update with work done & publish the next roadmap.
with upcoming new hires in the ACI team, we should be able mid-term to publish much more detailed posts in here.

image

thanks for reading and we would like to express our gratitude towards the 200+ addresses trusting us with their delegations, we will keep working hard to be worthy of your support!

6 Likes

following the snapshot vote for the Delegate Code of Conduct.

By this post, the ACI is officially stating its intent to follow this code and is proud to participate in this initiative.

2 Likes

Henlo frens, here’s an update on previous Short Term roadmap

image

A new “roadmap” will be published shortly to announce the next areas of focus for the ACI

As we react to most proposals on the forum directly, for now, we do not update here with every single vote rational as it’s quite time-consuming.

6 Likes

new short-term roadmap

image

6 Likes

Hi everyone,

My name is Xavi, and I’m excited to join ACI as its newest team member!

I’m very familiar with Aave and it’s ecosystem as I’ve worked at Aave companies last year, starting from the ground, with special focus in community. I’m also a lawyer & entrepreneur irl and that background has helped me in understanding better how DeFi works.

My main focus will be to help ACI by sharing all ACI activity, as well as general governance, for users, delegates and anyone to have a comprehensive summary of monthly activity in Governance and KPI. I’ll also help ACI build relationships with ecosystem partners, and keep representing ACI.

Shortly I’ll start being active in the Governance Forum, and I’ll start by sharing monthly reports on ACI activity in Governance.
Thanks!

9 Likes

Structure & Format for Monthly Reports:

From now on, as an exercise in transparency and convenience for Forum users and readers, we will share a monthly report featuring the key highlights of the month. ACI has created an external page where all Governance and ACI activity can be retrospectively reviewed, starting from February 2023.

Every month, in this same format, we will provide a summary and share the detailed guide for the month, following the structure below:

:rocket: Month Highlights


  • X [TEMP CHECK]
  • X [TEMP CHECK] Snapshot
  • X [ARFC] Forum
  • X [ARFC] Snapshot
    • ACI voted on X (X YAE/NAY/ABSTAIN)
  • X [AIP]
    • ACI voted on X (X YAE/NAY/ABSTAIN)
    • X written by ACI
  • X Others

Governance Activity

Inside Governance Activity, we will post & share all activity regarding:

  • Temp Check
  • Temp Check Snapshot
  • ARFC Forum
  • ARFC Snapshot
  • AIP
  • Other topics

Each activity/publication and governance step will be linked to corresponding page with detailed information to be accessed. At ACI, we want these reports to serve as a monthly TLDR of the activity taking place in this Forum and in the Governance of Aave, and we want to hear your feedback to improve them.

All this information will be available in an external page ACI has created for your convenience.

We will start sharing October 2023 activity.

3 Likes

Hi everyone,

Following our previous messages, let us share with everyone October’s Highlights.

:rocket: October’s Highlights


  • 5 [TEMP CHECK]
  • 3 [TEMP CHECK] Snapshot
    • ACI voted on 3 (3 YAE)
  • 20 [ARFC] Forum
  • 15 ARFC Snapshot
    • ACI voted on 13 out of 5 (13 YAE 2 didn’t vote)
  • 25 [AIP]
    • ACI voted on 25 ( 25 YAE)
    • 9 written by ACI
  • 4 Other

You can access to the complete list with details at October 2023 Governance Highlights / KPI

1 Like

Hi everyone,

We are happy to share that ACI has succesfully managed to list, in collaboration with Coingecko, all Aave V3 Markets aTokens in their site.

We believe this may be useful for users to have some visibility when checking basic information such as price feed, chains available, etc.

*Disclaimer: Please bear in mind that there are still some work to be done by Coingecko on some aToken in Gnosis, Metis, OP and AVAX, so if you see that in those chains for certain assets, the information is only being displayed as “Preview Only”, that’s correct at the time being, and eventually, will be fixed.

That’s all for now, stay tuned for more updates!

aToken Name for CG listing Ticker CG Listing URL
Aave USD Coin Aave v3 USDC aUSDC https://www.coingecko.com/en/coins/aave-v3-usdc
Aave Ethereum Aave v3 WETH aWETH https://www.coingecko.com/en/coins/aave-v3-weth
Aave Wrapped BTC Aave v3 WBTC aWBTC https://www.coingecko.com/en/coins/aave-v3-wbtc
Aave Tether Aave v3 USDT aUSDT https://www.coingecko.com/en/coins/aave-v3-usdt
Aave Rocket Pool ETH Aave v3 rETH arETH https://www.coingecko.com/en/coins/aave-v3-reth
Aave Dai Stablecoin Aave v3 DAI aDAI https://www.coingecko.com/en/coins/aave-v3-dai
AAVE Token Aave v3 AAVE aAAVE https://www.coingecko.com/en/coins/aave-v3-aave
Aave Chainlink Aave v3 LINK aLINK https://www.coingecko.com/en/coins/aave-v3-link
Aave Maker Aave v3 MKR aMKR https://www.coingecko.com/en/coins/aave-v3-mkr
Aave Wrapped liquid staked Ether 2.0 Aave v3 wstETH awstETH https://www.coingecko.com/en/coins/aave-v3-wsteth
Aave Savings Dai Aave v3 sDAI asDAI https://www.coingecko.com/en/coins/aave-v3-sdai
Coinbase Wrapped Staked ETH Aave v3 cbETH acbETH https://www.coingecko.com/en/coins/aave-v3-cbeth
Aave Uniswap Aave v3 UNI aUNI https://www.coingecko.com/en/coins/aave-v3-uni
Aave LUSD Stablecoin Aave v3 LUSD aLUSD https://www.coingecko.com/en/coins/aave-v3-lusd
Aave Lido DAO Token Aave v3 LDO aLDO https://www.coingecko.com/en/coins/aave-v3-ldo
Aave Curve DAO Token Aave v3 CRV aCRV https://www.coingecko.com/en/coins/aave-v3-crv
Aave Synthetix Network Token Aave v3 SNX aSNX https://www.coingecko.com/en/coins/aave-v3-snx
Aave Balancer Aave v3 BAL aBAL https://www.coingecko.com/en/coins/aave-v3-bal
Aave Frax Aave v3 FRAX aFRAX https://www.coingecko.com/en/coins/aave-v3-frax
Aave Stargate Token Aave v3 STG aSTG https://www.coingecko.com/en/coins/aave-v3-stg
Aave 1INCH Network Aave v3 1INCH a1INCH https://www.coingecko.com/en/coins/aave-v3-1inch
Aave Ethereum Name Services Aave v3 ENS aENS https://www.coingecko.com/en/coins/aave-v3-ens
Aave Kyber Network Crystal v2 Aave v3 KNC aKNC https://www.coingecko.com/en/coins/aave-v3-knc
Aave Rocket Pool Protocol Aave v3 RPL aRPL https://www.coingecko.com/en/coins/aave-v3-rpl
Aave USD Base Coin Aave v3 USDbC aUSDbC https://www.coingecko.com/en/coins/aave-v3-usdbc
Aave Bridged USDC Aave v3 USDC.e aUSDC.e https://www.coingecko.com/en/coins/aave-v3-usdc-e
Aave Arbitrum Aave v3 ARB aARB https://www.coingecko.com/en/coins/aave-v3-arb
Aave STASIS EURS Token Aave v3 EURS aEURS https://www.coingecko.com/en/coins/aave-v3-eurs
Aave Bitcoin Aave v3 BTC.b aBTC.b https://www.coingecko.com/en/coins/aave-v3-btc-b
Aave Wrapped Avalanche Aave v3 WAVAX aWAVAX https://www.coingecko.com/en/coins/aave-v3-wavax
Aave Benqi Staked Avalanche Aave v3 sAVAX asAVAX https://www.coingecko.com/en/coins/aave-v3-savax
Aave MAI (Mimatic) Aave v3 MAI aMAI https://www.coingecko.com/en/coins/aave-v3-mai
Aave Synth sUSD Aave v3 sUSD asUSD https://www.coingecko.com/en/coins/aave-v3-susd
Aave Optimism Aave v3 OP aOP https://www.coingecko.com/en/coins/aave-v3-op
Aave Liquid Staking Matic (PoS) Aave v3 MaticX aMaticX https://www.coingecko.com/en/coins/aave-v3-maticx
Aave Staked Matic (PoS) Aave v3 stMATIC astMATIC https://www.coingecko.com/en/coins/aave-v3-stmatic
Aave Wrapped Matic Aave v3 WMATIC aWMATIC https://www.coingecko.com/en/coins/aave-v3-wmatic
Aave Aavegotchi GHST Aave v3 GHST aGHST https://www.coingecko.com/en/coins/aave-v3-ghst
Aave SushiToken (PoS) Aave v3 SUSHI aSUSHI https://www.coingecko.com/en/coins/aave-v3-sushi
Aave agEUR Aave v3 agEUR aagEUR https://www.coingecko.com/en/coins/aave-v3-ageur
Aave DefiPulse Index (PoS) Aave v3 DPI aDPI https://www.coingecko.com/en/coins/aave-v3-dpi
Aave Metis Token Aave v3 Metis aMetis https://www.coingecko.com/en/coins/aave-v3-metis
Aave Gnosis Token on xDai Aave v3 GNO aGNO https://www.coingecko.com/en/coins/aave-v3-gno
Aave Monerium EUR emoney Aave v3 EURe aEURe https://www.coingecko.com/en/coins/aave-v3-eure
2 Likes