Areta Delegate Platform

LT/LTV Reductions on Aave V2 Stablecoins

Vote Result: YES

Rationale

This is the on-chain vote 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] Expansion of “Frontier”

Vote Result: YES

Rationale

Expanding Frontier is logical and natively obtaining ETH yield through running RocketPool, Stakewise, and Stader validators for the DAO both helps in decentralisation of Ethereum and is value additive for the DAO. We also appreciate ACI’s gesture in making the DAO whole on revenue below the index but personally do not believe this should be required - some bad luck in block production is the nature of the game and the DAO will get ‘lucky’ soon. Therefore, we will vote YES in favour of this proposal.

Migrate Robots to Chainlink Automation v2

Vote Result: YES

Rationale

Upgrading Chainlink Automation to the newest version and optimising gas costs makes sense, and therefore we will vote YES in favour of this proposal.

weETH Aave V3 Base Onboarding

Vote Result: YES

Rationale

Adding weETH to Base v3 makes sense given the successful onboarding on Ethereum and Arbitrum, and the level of demand seen on both networks to date. Given the level of activity on Base, it makes sense to onboard weETH from a revenue and usage perspective for Aave. Chaos Labs is in favour of the proposal. Therefore, we will vote YES in favour of this proposal.

[TEMP CHECK] Deploy Aave V3 on Mode

Vote Result: NO

Rationale

While we appreciate the fast growth of Mode as an L2 and its ambition to become the DeFi Hub for the Superchain, we feel that at this moment in time, we think the timing for a launch on Mode is not ideal due to the cost of integration. Once there is more activity and proof of tangible revenue for Aave from a deployment on Mode, it would make sense to reconsider this. Therefore, we will vote NO against this proposal for now.

[ARFC] Chaos Labs Parameter Recommendations - sUSD on V3 Optimism - 05.23.2024

Vote Result: YES

Rationale

Given that sUSD has repegged and the market conditions have changed, Chaos Labs’ updates and recommendations to unfreeze the sUSD market on Optimism, adjusting LT and LTV, and reducing supply and borrow caps in line with the new market conditions makes sense. We had recommended changes given the rapidly evolving situation with sUSD shortly prior to the freeze of the market and are glad that Chaos Labs has proactively monitored the situation and adapted market parameters accordingly. Therefore, we will vote YES in favour of this proposal.

Reserve Factor Upgrades

Vote Result: YES

Rationale

This is a continuation of this AIP that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal as well.

[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 - 05.24.2024

Vote Result: YES

Rationale

Given Chaos Labs’ analysis of these assets and their liquidity conditions on their markets, adjusting the LTV and LT upwards makes sense and we trust Chaos’ assessment of the market conditions. Therefore, we will vote YES in favour of this proposal.

[ARFC] Increase Bridged USDC Reserve Factor Across All Deployments

Vote Result: YES

Rationale

Increasing RF for bridged USDC to reduce its attractiveness in comparison with native USDC on these markets is sensible, since native USDC is a lot safer and is a cleaner asset. Hence, encouraging migration to native USDC is necessary and leads to a cleaner market. This method has been used successfully on other markets. Therefore, we will vote YES in favour of this proposal.

[ARFC] Safety Module - Create GHO/USDC E-CLP Category

Vote Result: YES

Rationale

This is the ARFC for this TEMP CHECK proposal that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal as well.

Orbit Program Renewal

Vote Result: YES

Rationale

This is the on-chain vote 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.

Onboard USDe Aave V3 Ethereum

Vote Result: YES

Rationale

This is the on-chain vote 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.

Chaos Labs Parameter Recommendations sUSD on V3 Optimism

Vote Result: YES

Rationale

This is the on-chain vote 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] Adjusting Interest Rate Curve for weETH on Arbitrum and Base

Vote Result: YES

Rationale

Aligning the interest rate curve for weETH across all deployments is logical and will encourage more borrowing and lending and enhance liquidity of the asset on Arbitrum. Therefore, we will vote YES in favour of this proposal.

[ARFC] Onboard BNBx to Aave V3 BNB Chain

Vote Result: YES

Rationale

Both risk providers are in favour of onboarding BNBx to Aave v3 BNB Chain and have provided extensive analyses. We’re also impressed by LlamaRisk’s legal analysis and this is a new dimension of input the DAO hasn’t had yet, which is important in the light of regulatory movements across the globe. Given their preliminary analysis does not suggest significant risk from onboarding BNBx, we are satisfied with onboarding the asset. Therefore, we will vote YES in favour of this proposal.

[TEMP CHECK] Activate and Deploy GHO Safety Module on Arbitrum

Vote Result: YES

Rationale

Establishing the GSM on Arbitrum will boost incentives to use GHO on Arbitrum, which is the home of DeFi, and will provide further backstop in the case of a shortfall. Using the LTIPP grant of 750k to boost usage of GHO on Arbitrum is also a no-brainer. We’re also in favour of including the GHO/USDC ECLP in this proposal as we voted in favour of including the CLP on Ethereum v3. Therefore, we will vote YES in favour of this proposal.

April Finance Update Part B

Vote Result: YES

Rationale

We already voted in favour of the first part of this AIP here according to the rationale here. Moreover, this update is purely operational for Aave Finance. Therefore we will vote YES in favour of this proposal.

GHO Steward Update

Vote Result: YES

Rationale

Updating the GHO Steward to be more flexible is logical and we don’t see a reason to vote against it. Therefore, we will vote YES in favour of this proposal.

Adjusting Interest Rate Curve for weETH on Arbitrum

Vote Result: YES

Rationale

This is the on-chain vote 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.

Chaos Labs Risk Parameter Updates Aave V3

Vote Result: YES

Rationale

This is the on-chain vote 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.