For me
the positives are:
- It helps ameliorate the ongoing situation with Aave’s exposure to Crv and reduces the risk of possible bad debt to the protocol.
- Facilities the decentralization and adoption of GHO
- Aave gets a say in future Crv voting to advance it’s own agenda similar to that at Balancer
- Crv will be bought at a discount and subject to vesting
- Further diversification of the treasury
the negatives are:
- Increasing Crv exposure does present a risk
- There is no guarantee Michael Egorov will reduce his Aave position although if the current AIP to set LTV to 0 passes this is negated somewhat (even if he posses the skill to potentially circumvent this)
Weighing both up and with the time sensitive nature of this proposal I’m in favour of moving straight to an AIP and put it to the community subject to the usual Chaos/Gauntlet inputs.