[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.