@AaveLabs The Proposal makes sense. I suggest to amend the lockup period
from: “the AAVE tokens received will be locked via smart contact for one year after being converted to stkAAVE to contribute to the protocol safety module, helping to reduce risk for the protocol. Following the one-year lock, Aave Companies would be free to use the tokens as we see fit.”
to: “Following the one-year lock, Aave Companies would be free to use 50% of the tokens and remaining 50% tokens after a two-year lock.”
I believe a balanced approach is to have a cliff of 1 and 2 years and AAVE will be earning interest on the locked stkAAVE in addition to providing backstop to the protocol. This will also add significantly community confidence in the team because the team will have skin in the game for 2 years rather than 1 year.