Aave should compensate its users due to the sheer incompetence of ACI

[MarcZeller]

Hello Rami,

1. The 30-day rate to borrow wETH is currently at 2.15%. While there was a spike in interest rates, such fluctuations often attract liquidity and help markets self-stabilize. As of now, the rate has already decreased to 11.1% and is expected to normalize further within the day.

2. The proposal for these changes was initiated approximately 10 days ago and underwent a 5-day voting period. The execution time was publicly available in the governance tab, providing transparency & large heads-up for everyone.

3. DeFi is 24/7; proposal are automatically executed by the Aave Robot when the timelock expires. there’s no human element in our decentralized governance execution

4. If you feel you have been treated wrongly, it’s your right to create an actual proposal and complaint. This is a decentralized DAO.

What is non-negotiable is respect for the governance process.

Please refer to the TEMP CHECK process and edit this post to match the proposal framework.

[ARFC] ARFC and TEMP CHECK Framework

Title: [ARFC] Framework for ARFC and TEMP CHECK Proposals Author: @MarcZeller - Aave Chan Initiative Date: 2023-06-27 Summary This framework provides comprehensive guidelines for the Aave DAO community when creating and voting on ARFC (Aave Request for Comment) and TEMP CHECK proposals. It includes a template for crafting proposals and outlines the quorum and voting requirements. Motivation Distinction Between TEMP CHECK and ARFC TEMP CHECKs serve as “temperature checks” to gauge community s…

I locked this topic; meanwhile, it will be re-opened as soon as it’s compliant with the framework.