Aave V3 Aptos Activation
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.
[TEMP CHECK] Onboard syrupUSDC to Aave V3 Core Instance
Vote Result: YES
Rationale
As we mentioned in our comment, we’re excited about syrupUSDC. The $500M of additional allocation into USDC/USDT is a significant boost to Aave’s TVL and the looping strategy by depositors should bring additional revenue to Aave. It’d be good to understand at the ARFC stage what the revenue projection actually is. The growth incentives are a cherry on top for the ecosystem. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] Onboard USD1 to Aave V3 Core and BNB Instance
Vote Result: YES
Rationale
USD1 is a growing stablecoin and with Chainlink PoR natively enabled, seems to be safe enough from an asset-backing perspective. We’d be interested in seeing the risk analysis, especially from LlamaRisk, at the ARFC stage, as well as the incentives offered. Therefore, we will vote YES in favour of this proposal.
Onboard tETH to Aave v3 Prime Instance
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.
Enable Additional SVR Oracles
Vote Result: YES
Rationale
Expanding SVR to 58.6% of the market size from a mere 2.6% is a big move and one we are in favour of. The metrics are on an upward trend; 2/3rd of the revenue has been captured in the last 30 days, while the recapture rate has increased significantly over the last month. The system has also shown no security issues yet. Therefore, we will vote YES in favour of this proposal.
[ARFC] stS Loop Incentive Program
Vote Result: YES
Rationale
The plan for the Incentive Program is very clear and there is an added benefit of Aave being the exclusive lending market for stS. A looping program is beneficial for Aave given the revenue it brings to the DAO. Therefore, we will vote YES in favour of this proposal.
Add EURC to Aave V3 Core Instance
Vote Result: YES
Rationale
EURC is issued by Circle and the reserves are subject to monthly attestations by a Big 4 accounting firm. We voted to onboard EURC onto Base and both risk service providers are in favour of this proposal. Therefore, we will vote YES in favour of this proposal.
Discount Rate Risk Oracle Activation and Update Manual AGRS
Vote Result: YES
Rationale
Extending the automated AGRS system to Pendle PT tokens is sensible and replicates the same infrastructure for other AGRS’. This will increase operational efficiency for risk parameter updates. Therefore, we will vote YES in favour of this proposal.
Aave v2 Non-Ethereum Pools Next Deprecation Steps
Vote Result: YES
Rationale
Completing the deprecation of v2 pools needs to take place and cleans house for the protocol. Therefore, we will vote YES in favour of this proposal.
[ARFC-Addendum] Update Merit for Round 18
Vote Result: YES
Rationale
Distributing rewards weekly now in sGHO is much more positive for Merit participants. Removing Diluters also is a good move now given how the market has evolved. Therefore, we will vote YES in favour of this proposal.
Upgrade Aave Instances to v3.4
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] Update Signers and SAFE Configuration
Vote Result: YES
Rationale
This is an operational proposal that will enhance efficiency for the Aave Finance team and for ops across the DAO. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] Onboard openUSDT to Aave V3 BOB Instance
Vote Result: YES
Rationale
oUSDT, led by Chainlink, provides an interoperable standard for USDT liquidity across chains and deepens stablecoin liquidity across chains. The BOB team considers it a strategic asset for the Aave launch and it is 1:1 backed with native USDT. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] Onboard SolvBTC to Aave V3 BOB Instance
Vote Result: YES
Rationale
SolvBTC is a pretty established asset now with over 20k BTC in its reserves and deployed across >10 networks. SolvBTC also enables a lot of use cases with key assets like WBTC, potentially with looping strategies. The SolvBTC ecosystem also has numerous yield opportunities built on top of it which the BOB instance will benefit from. Therefore, we will vote YES in favour of this proposal as well.
[TEMP CHECK] Onboard xSolvBTC to Aave V3 BOB Instance
Vote Result: YES
Rationale
xSolvBTC will provide multiple use cases on Aave, especially against SolvBTC, including yield opportunities. The asset is relatively mature with 10k xSolvBTC being minted. Therefore, we will vote YES in favour of this proposal.