As described in Aavenomics, an important part of the community governance is how governance ideas eventually are implemented in the protocol.
I’ll give a short overview of this process, in its current form.
(This post has been updated for V2 governance)
- An Aave Request for Comments (ARC) is created and reviewed by the community
- If the ARC is non-contentious, then an Aave Improvement Proposal (AIP) can be created
- The AIP, including the necessary payloads, are submitted on-chain for a governance vote.
For more information, see our Governance Docs here.