Blockchain at Berkeley Delegate Platform

Delegate Platforms
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Key Info

Introduction

Blockchain at Berkeley is a student-run organization at UC Berkeley founded in 2014 and focused on blockchain innovation.

The major departments in Blockchain at Berkeley are as follows:

  • Consulting: Building software and performing research to support companies, protocols, and other organizations. Previous clients include Arbitrum, Algorand, LayerZero, Avalanche, PayPal, UNICEF, etc.
  • Education: Providing blockchain education through student-run courses at UC Berkeley, to over 300,000 students worldwide through our EdX course, DeCal’s (student-taught courses at UC Berkeley), and within the org through white paper reviews and developer bootcamps.
  • Xcelerator: Launched what’s now the #1 university blockchain accelerator in the US, since 2019. 100+ alumni companies, 450M+ total of follow-on funding secured.
  • Governance: Voting and building proposals for delegated protocols including Aave, Compound, Uniswap, dYdX, and Optimism.

Though we have been a delegate and voter on Aave for some time, we have never formally created a delegation platform nor explained our voting decisions. Through this delegation, we aim to provide a unified position and justification for our voting decisions on Aave.

Governance Voting Methodology:

  • The governance department meets weekly to discuss the latest updates and presents analysis on proposals while ensuring voices of all members are considered before making a decision. The voting process within the department is democratic to balance knowledge from seasoned members and thoughts from younger members.

Voting Priorities:

  • Risk Mitigation: As an open-source liquidity protocol, it is vital to keep and build trust with our users. In order to do this, we believe in risk-mitigation through changes in IR curves and other parameters in order to limit risk in lending pools as well as minimize bad debt.
  • Protocol Growth: Since users and transactions are the backbone of lending protocols, we believe in building features that increase usefulness, allowing for long-term sustainable growth.
  • Data-backed: As a lending protocol, it is vital that all proposals are data-backed (through simulations or other data-analysis techniques) with a solid understanding of risks and opportunities.
  • Diversity in Thought: At Blockchain at Berkeley, our views are not monolithic, which allows for healthy discussion and debate. We believe successful protocols must also not be monolithic in perspective and voting intentions in order to foster innovation and creativity.

Waiver of Liability

By delegating to Blockchain at Berkeley, you acknowledge that we are not liable for any potential losses or adverse outcomes resulting from our involvement in the governance process.

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Request for Bounty Payout - Feb 2025 - voted YES

Supporting Immunefi is important to maintain a secure protocol and we are happy to support the bounties.

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We have regained access to our account thanks to the help of @EzR3aL. We previously made a new account and delegate platform thread, but deleted this as we were able to restore access to the original account.

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CalBlockchain will be posting our rationale on our delegate platform

Snapshot: [TEMP CHECK] Deploy Aave Protocol on Monad

  • Vote: FOR
  • Rationale: Monad’s high throughput and novel blockchain will be a new platform for institutional usage, deep liquidity and a major hub for defi applications. The liquidity incentive program is sizeable and would bring in significant deposits into Aave and boost the overall chain TVL, and additionally proves alignment by acquiring 10m GHO for 6 months. Blockchain at Berkeley will be voting in support of this proposal.

Snapshot: [ARFC] Deploy Aave v3 on X Layer

  • Vote: FOR
  • Rationale: An Aave v3 deployment on X Layer would increase Aave’s userbase through OKX’s userbase. OKX has a proven track record in focusing on defi operations, to name a few, OKX wallet and the additional GHO incentive program that ended last month. Additionally, an Aave deployment would increase liquidity and capital efficiency of OKX’s xAssets. Blockchain at Berkeley will be voting in support of this proposal.
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Snapshot: [ARFC] Safety Module - Reduce Emissions

  • Vote: FOR

  • Rationale:
    We agree with the reduction of emissions for stkAAVE. As @TokenLogic has stated, despite the previous reductions stkAAVE has seen positive inflows. a ~50bp decrease in yield while decreasing the cooldown period by 5 days is a fair tradeoff and allows for easier integration with exchanges and other programs while retaining voting rights.

    We also support the stkABPT parameter changes, due to the new POL initiative with 40,000 AAVE and 1,500 aEthWETH for onchain liquidity (totaling to around ~$8m at time of writing). However, we would like to know specifically how these funds will be utilized, as in the specific amounts and which DEXs the funds will be deployed on.

    Blockchain at Berkeley will be voting in support of this proposal.

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