Thank you for the questions, @samj.
Parties to the agreements. The Master Loan Agreement is entered into between an Aave Labs entity and the borrower. The Account Control Agreement is a three-party agreement between the qualified custodian, the Aave Labs entity, and the borrower.
Funding cost. This depends on the funding route. On the DAO balance sheet route, the funding cost is the prevailing interest rate on Aave V3 for the USDC or USDT borrowed against the pledged assets. On the GHO funded route, the funding cost is the current sGHO rate.
Custodians. We are working with a number of custodians, all of them major qualified custodians.