Governance Weekly Recap [2024]

Week of March 18, 2024

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:ballot_box: Recent Proposals

  • Stablecoin Harmonization
    • Summary:

      The proposal advocates for harmonizing stablecoin collateral usage by focusing on USDT and USDC, setting LTV to zero for less utilized stablecoins and assets to minimize risk and optimize revenue. It suggests adjusting asset parameters and offboarding certain stablecoins and assets with low demand to align with user trends and improve protocol security and efficiency. For further details, visit the proposal here.

    • Proposer: Aave Chan Initiative

    • Status: In Progress

  • V3 Periphery Maintenance
    • Summary:

      This proposal focuses on minor improvements for Aave v3, specifically updating the Sequencer Uptime Feed (price oracle sentinel) and addressing issues with stataTokens. It aims to enhance security and functionality, including fixing a maxMint function issue and upgrading to a more secure ECDSA library for static aTokens. The changes involve updating contracts for better operational security and efficiency. For more details, you can read the full proposal here.

    • Proposer: BGD Labs

    • Status: Passed

  • Onboard Catapulta as Aave V3 Deployment Service Provider
    • Summary

      The proposal seeks to onboard Catapulta as the Development Service Provider for Aave V3 deployments on EVM networks. Founded by former Aave Solidity Developer David Racero, Catapulta aims to automate and streamline deployment processes. If approved, Catapulta will handle new Aave V3 instance deployments, including testnet and production, subject to Aave DAO’s Snapshot approval. The proposal outlines a six-month service duration with a flat fee of $15,000 USD per production deployment. For more information, you can check the proposal here.

    • Proposer: Kartojal & ACI (Aave Chan Initiative)

    • Status: Snapshot passed

:writing_hand: Forum Highlights

  • AGD Grantee: Alphaday

    Alphaday, an Aave grantee, introduces a customizable dashboard for the Aave community, simplifying crypto management across devices. It offers features like portfolio tracking, real-time market updates, and personalized news, enhancing investment strategies with a user-friendly interface. The platform aims to consolidate various sources into one accessible location, promoting efficiency and informed decision-making in the crypto space.

  • Roll-out plan for cross chain GHO

    The proposal initiates a transparent process to integrate GHO stablecoin across multiple networks, employing Chainlink’s CCIP for cross-chain strategy. It involves a phased rollout, starting with network proposals submission and evaluation, fostering community engagement and informed decision-making. The goal is to enrich ecosystems by integrating GHO, highlighting potential liquidity and synergies. A snapshot vote will finalize the selection of the suitable network for GHO’s expansion.

  • Onboard LlamaRisk as Aave Risk Service Provider

    The proposal seeks to onboard LlamaRisk as Aave’s risk service provider to enhance protocol resiliency and user assurances. With a history of transparent risk analysis and recommendations, LlamaRisk aims to complement Chaos Labs’ services, focusing on assets related to the GHO stablecoin and regulatory guidance. The initial engagement is for 6 months, with a budget of $250,000, aiming to improve Aave’s risk management and governance involvement.

:newspaper: Stakeholder News

:crystal_ball: Upcoming Votes