# Areta Delegate Platform

**URL:** <https://governance.aave.com/t/areta-delegate-platform/16780>\
**Category:** Delegate Platforms\
**Created:** [February 28, 2024, 6:27pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780 "2024-02-28T18:27:49Z")\
**Posts on this page:** 20\
**Page:** 18

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**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [November 21, 2024, 7:49pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/341 "2024-11-21T19:49:16Z")

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**[ARFC] Enable tBTC/WBTC Liquid E-Mode on Aave v3 Mainnet**

_Vote Result_: YES

_ **Rationale** _

To enable capital efficiency for borrowers when using wBTC and tBTC, it does make sense to introduce an eMode. Even though a small portion of users are utilizing this method of leverage, introducing eMode may make them more keen to do so. Given that tBTC is a more decentralized version of BTC and we are in favour of introducing the cbBTC/wBTC eMode, even though it may not initially see as much usage, we think it makes sense to give tBTC the same opportunity as cbBTC. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [November 28, 2024, 8:31pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/342 "2024-11-28T20:31:10Z")

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**[TEMP CHECK] Aave x Metis: Strategic Alignment Initiative**

_Vote Result_: YES

_ **Rationale** _

Utilising Metis’ strong points of differentiation such as its decentralized sequencer model to support key Aave priorities like the proliferation of GHO is a good idea. It would be intriguing to establish GHO’s supremacy via CCIP in Metis’ young stablecoin market. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [November 28, 2024, 8:31pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/343 "2024-11-28T20:31:28Z")

</div>

**[ARFC] Onboard SCR to Aave V3 Scroll Instance**

_Vote Result_: NO

_ **Rationale** _

This is the ARFC for this [Snapshot TEMP CHECK](https://snapshot.org/#/aave.eth/proposal/0x900027a0dc30946b463ce8e57a8901b5fc1158546b4d00acae4d2d823d8de732) that we voted to ABSTAIN for according to our rationale [here](https://governance.aave.com/t/areta-delegate-platform/16780/316). We were uncertain about the prospects of SCR in the TEMP CHECK but still wanted to see an assessment by the risk providers. Unfortunately, at this stage, it does not seem as if SCR is a mature enough asset to be listed on Aave v3 given the concerns raised by the risk providers, namely around the low number of integrations, the low float and high FDV nature, the high concentration of circulating supply in a few wallets, and the volatility of the asset. Therefore, at this stage, we will vote NO against onboarding SCR onto Aave.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [November 28, 2024, 8:31pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/344 "2024-11-28T20:31:42Z")

</div>

**Enable sUSDe/USDT Liquid E-Mode on Core Instance**

_Vote Result_: YES

_ **Rationale** _

Given the clear demand for USDT being borrowed against sUSDe and both risk providers being in favour of this proposal, it is a no-brainer for us to vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [November 28, 2024, 8:31pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/345 "2024-11-28T20:31:55Z")

</div>

**WBTC Reserve Factor and UOptimal Increase**

_Vote Result_: YES

_ **Rationale** _

According to the data, WBTC’s supply rate does not materially impact its supply behaviour. Given the estimated increase in borrow demand for WBTC due to the launch of yield-bearing BTC e-modes for looping, increasing uOptimal and the RF optimises for the impending launch and optimises for Aave’s revenue increase. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [November 28, 2024, 9:00pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/346 "2024-11-28T21:00:19Z")

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**Add dHEDGE Protocol to flashBorrowers**

_Vote Result_: YES

_ **Rationale** _

Adding dHedge to the flashBorrowers list seems to make sense since multiple vaults use Aave v3 and making it easier for these users to utilise flash loans will increase usage of Aave v3. There also does not seem to be a lot of risk in doing this. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [November 28, 2024, 9:00pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/347 "2024-11-28T21:00:47Z")

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**USDS Borrow Rate Update on Core and Prime Instances**

_Vote Result_: YES

_ **Rationale** _

sUSDe has been identified as causing increases in the borrow rate for USDS, and the highlighted risks of rebalancing and the inability of the market to accommodate for sUSDe means that pausing sUSDe in the Prime instance makes sense, especially given the ability of users to utilise sUSDe in the Core instance. Reducing rate volatility in the Prime instance is necessary, and extremely high borrow rates are a net negative for users. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 1, 2024, 6:27pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/348 "2024-12-01T18:27:54Z")

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**September Funding Update - Part A**

_Vote Result_: YES

_ **Rationale** _

This is an operational Aave Finance proposal and we will vote YES in favour of it.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 1, 2024, 6:32pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/349 "2024-12-01T18:32:24Z")

</div>

**[ARFC] Aave Instances Strategy Shift**

_Vote Result_: YES

_ **Rationale** _

This is the ARFC for this [Snapshot TEMP CHECK](https://vote.onaave.com/proposal/?proposalId=198&ipfsHash=0xedd135d40170a5acedfecf4294588144ac8d35dd4e5a6cae1975ded3537b5b61) that we voted in favour of according to our rationale [here](https://governance.aave.com/t/areta-delegate-platform/16780/328). Therefore, we will vote YES in favour of this proposal as well.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:29pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/350 "2024-12-17T17:29:30Z")

</div>

**[TEMP CHECK] Onboard & Enable LBTC/WBTC Liquid E-Mode on Aave v3 Core Instance**

_Vote Result_: YES

_ **Rationale** _

We think it would be worthwhile to explore a liquid e-mode from a risk perspective at the ARFC stage for LBTC/WBTC, given its usage as collateral for borrowing stables on other platforms. We would also like to understand the risks involved with LBTC through an analysis from @LlamaRisk and @ChaosLabs in the ARFC stage.

We were also [in favour](https://governance.aave.com/t/areta-delegate-platform/16780/341) of a tBTC/WBTC liquid e-mode on the Core instance and would like to further understand @ACI’s reasoning for not being in favour of it anymore.

We will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:29pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/351 "2024-12-17T17:29:47Z")

</div>

**[TEMP CHECK] Onboard & Enable eBTC/WBTC Liquid E-Mode on Aave v3 Core Instance**

_Vote Result_: YES

_ **Rationale** _

Given the links between Aave and EtherFi and the numerous BTC liquid e-modes being created, we are in favour of exploring further at the ARFC stage the creation of the eBTC/WBTC liquid e-mode. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:30pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/352 "2024-12-17T17:30:07Z")

</div>

**[ARFC] Aave Liquidity Committee Funding Phase V**

_Vote Result_: YES

_ **Rationale** _

Given the market activity during Phase IV, we acknowledge that it has been a difficult time to maintain the GHO peg, especially given that the peg is highly impacted by the borrow rate discount in comparison to other borrowable stables on Aave Core. As such, we agree with the primary goal of Phase V being to maintain the peg and create deep liquidity through supply sinks for GHO. This is the most important job for the ALC. We also think that there needs to be a lot of effort directed towards the launches of GHO on Base and Avalanche given the DeFi activity on those chains, especially on Base, and think it will be crucial to firm up GHO liquidity on those venues. Lastly, we’re glad to see LlamaRisk in favour of this proposal.

Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:30pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/353 "2024-12-17T17:30:25Z")

</div>

**[ARFC] Deployment of Aave on Linea**

_Vote Result_: YES

_ **Rationale** _

Linea is comprehensively integrated with Consensys products, offering the ability for Aave to further capture MetaMask’s 30M active users, and has significant dev tooling with Infura, Alchemy, a Safe deployment, a block explorer like Etherscan, and support for Dune, The Graph, and Chainlink. Both risk providers are in favour of the deployment. DEX liquidity is sufficient to allow for an Aave deployment. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:30pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/354 "2024-12-17T17:30:39Z")

</div>

**[ARFC] Orbit Program Renewal - Q4 2024**

_Vote Result_: YES

_ **Rationale** _

Echoing what we have said previously, we are honoured to be selected for the Orbit program again. We will continue to engage with the DAO as per the principles outlined on our delegate platform, and look forward to continuing our contribution to Aave’s growth. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:45pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/355 "2024-12-17T17:45:32Z")

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**Onboard GHO and Migrate Streams to Prime Instance**

_Vote Result_: YES

_ **Rationale** _

Given the passing of the Fluid Alignment proposal and the change in the Sky Savings Rate, making these updates to this ARFC make sense. The DAO is in need of GHO to cover Phase IV of Merit and service provider payments due to the INST deal and acquiring it on the open market is the most expedient method. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:46pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/356 "2024-12-17T17:46:05Z")

</div>

**Onboard rsETH to Lido Instance**

_Vote Result_: YES

_ **Rationale** _

Given the demand for rsETH looping strategies on the Aave main market and the evidence from the CIAN strategy, along with how quickly the caps for rsETH were filled, onboarding rsETH to Aave Prime makes sense. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:46pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/357 "2024-12-17T17:46:37Z")

</div>

**Increase Borrow Slope1 to all Stablecoins across all Aave Instances**

_Vote Result_: YES

_ **Rationale** _

Maintaining Borrow Slope1 for stables in alignment with market rates is a no-brainer move, given the significant increase in protocol revenue and the reduced volatility in interest rates. LlamaRisk modeled a 51% increase in earnings from an increase to 9.5% - the increase at 12.5% is even higher. Lastly, both risk providers are also in favour of the proposal. Therefore, we will vote YES in favour of this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:47pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/358 "2024-12-17T17:47:28Z")

</div>

**Onboard SCR to Aave V3 Scroll**

_Vote Result_: NO

_ **Rationale** _

This is the on-chain proposal for this [Snapshot ARFC](https://snapshot.org/#/aave.eth/proposal/0xef7dfa4e96e5f6a7337648d2dd3882f7b10e969c9564c118a34ce99eccec9383) that we voted against according to our rationale [here](https://governance.aave.com/t/areta-delegate-platform/16780/343). Therefore, we will vote NO against this proposal here as well.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:47pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/359 "2024-12-17T17:47:52Z")

</div>

**[TEMP CHECK] Onboard Pendle PT Tokens to Aave V3 Core Instance**

_Vote Result_: NO

_ **Rationale** _

PT tokens have low onchain liquidity and will be difficult to liquidate using flash loans. The analysis from Emilio is fair; the amount of information provided for PT-sUSDE-29MAY2025 is very low and has not been answered on this thread. Therefore, we will vote NO against this proposal.

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<div class="post-metadata">

**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [December 17, 2024, 5:48pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/360 "2024-12-17T17:48:11Z")

</div>

**[ARFC] World Liberty Financial Aave v3 Instance on Ethereum Mainnet Proposal**

_Vote Result_: YES

_ **Rationale** _

This is the Snapshot ARFC for this [TEMP CHECK](https://snapshot.org/#/aave.eth/proposal/0xf18b0bd1a2864436cc424e48c331783b8ea65eba0b72c77016c5719fab8074d4) that we voted in favour of according to our rationale [here](https://governance.aave.com/t/areta-delegate-platform/16780/302). We will vote YES in favour of this proposal as well in agreement with @MrKris that WLF is not to be given protection from the Safety Module.

[Previous page](https://governance.aave.com/t/areta-delegate-platform/16780.md?page=17)

[Next page](https://governance.aave.com/t/areta-delegate-platform/16780.md?page=19)
