Aave Chan Initiative Delegate platform

July 2024 Report

Hello frens, hope that you’re good!

We are happy to share July 2024 Governance Report and ACI and governance activity, before entering into August and holidays for many of you.

A month that had pretty interesting proposals to be discussed under governance ( that we will mention later in this thread) but in general, a busy month as usual.

Let’s take a closer look:

July 2024 Highlights

Overall we observe an increase of governance activity, with practically same amount of TEMP CHECK ( 7 in June vs. 6 in July), an increase in TEMP CHECK Snapshots (+3), and a slight increase in ARFC (+5). AIP are practically flat, with +2 this month (but as stated previously that is not a KPI per se as it’s more important the quality of those AIP).

July 24 vs June 24

As always, you can get access to the full report by entering at July 2024 Report.

As a TLDR summary for those who don’t have the time to read all Forum & Governance, we selected the following proposals:

  1. Aave v. 3.1 upgrade
  2. Aave V3 Deployment on Aptos Mainnet
  3. Deploy an Etherfi/Stablecoin Aave V3 Instance
  4. Deploy an Ethena Aave v3 Instance
  5. AAVEnomics Update
  6. ARFC-Addendum AaveDAO policy regarding Spark fork
  7. GHO Parameter Adjustment - Governance Process Amendment
  8. Extend GHO Stewards to Arbitrum
  9. GHO Arbitrum - Parameter Adjustments
  10. Merit Base Incentives and Superfest Matching
  11. Onboard USDC.e on Gnosis
  12. Onboarding weETH to Aave V3 on Scroll
  13. Lido Ethereum Instance Activation

On a separate note, we are proud to share the Lido/Ethereum Instance Activation, which has been a huge success and a joint effort from different Service Providers of the DAO, with ACI leading it.

You can also check Marc’s latest tweet, where Lido Instance reached 121M$ in less than 24h, which is a major success.

Lastly, please remember to claim your rewards under Merit program if you borrowed GHO or, staked GHO. Round 6 was activated recently so check if you have some rewards!

You can do it through ACI Dashboard , where you have available information, and you can see your last round APR, current APR, and much more information!

If you have questions about Merit, what it is, if you’re elegible or not, you can check it directly there, as there’s a section of FAQ for you to check.


We encourage you to use the site as well as https://dapps.aavechan.com/ as ACI has put a lot of work and love to make governance and delegation easier.

That’s all for now! Stay tuned for more updates!

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