[TEMP CHECK] GHO Gas Token Framework
Vote Result: YES
Rationale
As we noted in our comment, adding GHO as a gas token has huge potential - we’re very much in favour of making gas as simple as possible to pay for (or even completely abstracting it away) and this is a step in the right direction. The modularity of the framework which allows for future integrations with other messaging protocols is a good design choice, as is the GHO Wrapper contract on mainnet providing flexibility for upgrades and extensions.
Therefore, we will vote YES in favour of this proposal.
February Funding Update - Part B
Vote Result: YES
Rationale
This is an operational Aave Finance proposal that we will vote YES in favour of.
Adjust Aave Polygon V3 Risk Parameters
Vote Result: YES
Rationale
As we outlined in our rationale voting against the proposal to adjust risk parameters on Polygon v2 and v3, setting LTV to 0 across all markets was too drastic a move for us. As such, this change is a more granular and positive change that makes sense. We’re also happy that the risk providers are in favour of this proposal.
Therefore, we will vote YES in favour of this proposal.
Aave V2 Deprecation Update
Vote Result: YES
Rationale
As in the past, we are completely in favour of deprecating v2 especially with the launch of Umbrella and Aave v4 being worked on. Disabling borrows, setting RF at 99%, and standardising the interest rate parameters of frozen assets are sensible measures to deprecate v2. Therefore, we will vote YES in favour of this proposal.
sUSDe and USDe Price Feed Update
Vote Result: YES
Rationale
This is the onchain proposal for this Snapshot ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal as well.
[ARFC] Onboard tBTC to Aave v3 on Arbitrum
Vote Result: YES
Rationale
As per our comment, we are in favour of adding tBTC to Aave v3 Arbitrum and would prefer to use the mainnet BTC/USD feed to avoid unnecessary liquidations. Both risk providers are in favour of the proposal as well. Therefore, we will vote YES in favour of this proposal.
[ARFC] Onboard rstETH to Aave V3 Prime Instance
Vote Result: YES
Rationale
rstETH will increase demand for wstETH borrowing, incentives from P2P will bring increased liquidity to the Prime instance, and its improved liquidity and fast withdrawals reduce the risk of listing the asset. Chaos Labs’ analysis is complete and provides compelling rationale for onboarding rstETH. Therefore, we will vote YES in favour of this proposal.
[ARFC] BGD.Aave ClinicSteward
Vote Result: YES
Rationale
It makes sense to clean up bad debt before Umbrella is fully activated. It will make it easier to track Umbrella’s success and start from scratch. Therefore, we will vote YES in favour of this proposal.
[ARFC] Orbit Program Renewal - Q1 2025
Vote Result: YES
Rationale
It’s great to be selected for the Orbit program again. We look forward to continuing our contribution to Aave’s growth. Therefore, we will vote YES in favour of this proposal.
wrsETH Base Onboarding
Vote Result: YES
Rationale
This is the onchain proposal for this Snapshot ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal as well.
Core & Base - BTC Correlated Asset Update
Vote Result: YES
Rationale
This is the onchain proposal for this Snapshot ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal as well.
Add EURC to BASE Aave V3
Vote Result: YES
Rationale
This is the onchain proposal for this Snapshot ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal as well.
[ARFC] Recognize HyperLend as a Friendly Fork
Vote Result: YES
Rationale
This proposal is in alignment with Aave’s Framework for Instances and Friendly Forks and even goes beyond with 1% of the total supply being airdropped to stAAVE holders. There is also no time limit on the profit share or minimum revenue hurdle before profit share. Therefore, we will vote YES in favour of this proposal.
[ARFC] Aave <> Chainlink SVR v1. Phase 1 Activation
Vote Result: YES
Rationale
This is the ARFC for this Snapshot TEMP CHECK that we voted in favour of according to our rationale here. Moreover, LlamaRisk supports this proposal. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] Add wstUSR to Aave v3 Core Instance
Vote Result: YES
Rationale
As per our comment, we’d be interested in the risk providers’ opinion here. We’d like to better understand Resolv’s model, the venues it uses for hedging, and its risk profile. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] Add USR to Aave v3 Core Instance
Vote Result: YES
Rationale
As per our comment on the proposal to add wstUSR, we’d like to further understand the risk providers’ opinion about this proposal and therefore, we will vote YES in favour of it.
[TEMP CHECK] Add stS to Aave v3 Sonic Instance
Vote Result: YES
Rationale
stS has shown quite a lot of growth since its launch while maintaining a strong peg to S. The examples given by the Beets team around the demand for leveraged looping for stS <> S are more than sufficient, with the Stability Vault and the Silo market having a good amount of TVL. There is enough evidence to move this proposal forward to the ARFC stage. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] GHO Aave Savings Upgrade
Vote Result: YES
Rationale
As per our comment, this is a great expansion to the Aave product set and the correct strategy to expand GHO’s distribution past 300M. The intention of sGHO is to make it as easy as possible to use GHO, and the marketing and distribution strategies used should reflect that. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] Onboard scETH, scUSD, and scBTC to Aave V3 Sonic Instance
Vote Result: YES
Rationale
In the absence of further information about these assets, we’re happy to vote YES at this TEMP CHECK stage but will want to know more about these assets and their TVL, usage, and demand to better judge the proposal and their fit for Aave.