Areta Delegate Platform

[ARFC] Optimize ETH-Correlated Asset Parameters

Vote Result: YES

Rationale

These changes would limit the negative yield experience for long-term Aave users and avoid the ETH utilisation being pushed above the kink. It is important to not penalise long-term Aave users and make these changes to accommodate their leveraged positions. Therefore, we will vote YES in favour of this proposal.

[TEMP CHECK] Onboard artMETIS to Aave V3 on Metis Market

Vote Result: YES

Rationale

Exploring the addition of artMETIS to the Metis market on Aave v3 is logical given that it is the largest LST protocol on the Metis network, and that listing it will lead to increased liquidity, market expansion, and user adoption, while enabling leveraged lending and benefiting from the incentives allocated by the Metis Foundation. These reasons make us believe that it is worth having Chaos Labs and LlamaRisk assess the merits of adding artMETIS onto the v3 Metis market. Therefore, we will vote YES in favour of this proposal.

[TEMP CHECK] AL Service Provider Proposal

Vote Result: YES

Rationale

Given our previous thoughts on v4, and the clear deliverables and timeframe outlined in this proposal, combined with the relatively reasonable cost of $12M GHO over 1 year to develop v4, approving this proposal is a no-brainer. From a cost-benefit perspective, this proposal seems entirely positive. Moreover, to alleviate any concerns about ‘other service providers being able to do this for a lower cost’, Aave Labs has institutional experience and history with Aave and is best placed to join the ranks as a service provider and develop v4 under the scope outlined. This proposal also addresses the feedback post v3’s development where there was a retroactive payment made - asking for the funds at the start is the best move to make and aligns Aave Labs with other Aave service provider models.

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

[ARFC Addendum] Update Asset Onboarding Framework

Vote Result: YES

Rationale

Updating the Asset Onboarding Framework with this small addition will streamline the process for the DAO and make the market less vulnerable to market manipulation and issues. Therefore, we will vote YES in favour of this proposal.

[ARFC] Set ACI as Emission Manager for Liquidity Mining Programs

Vote Result: YES

Rationale

The ACI has already been doing this join and setting the ACI multisig as the emission manager will streamline the process for Aave. We would encourage the ACI to post regular updates about the incentives sent to and distributed from their multisig, and the success of these incentive programs, to enable greater transparency for the DAO. Therefore, we will vote YES in favour of this proposal.