Governance Weekly Recap [2024]

Week of April 29, 2024

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:ballot_box: Recent Proposals

  • Onboard Llamarisk as a Risk Provider
    • Summary: This Aave Improvement Proposal (AIP) seeks to formally appoint LlamaRisk as Aave’s second Risk Service Provider, setting up a payment stream of 250,000 GHO over a six-month period. This move supports Aave’s dual risk provider model and acknowledges the community’s choice in a recent vote favoring LlamaRisk. This partnership aims to enhance the DAO’s risk management capabilities by providing on-demand risk assessments, especially for assets linked to the GHO stablecoin, in collaboration with Chaos Labs. LlamaRisk will also offer regulatory guidance and actively participate in DAO governance, contributing to the strategic risk management and compliance of the Aave protocol.
    • Proposer: ACI
    • Status: AIP Passed
  • ACI Ad Astra
    • Summary: This proposal seeks to renew the Aave-chan Initiative (ACI) collaboration for another year with a 1M GHO budget. ACI has expanded to an 8-person team, enhancing Aave DAO through various services including governance, operational efficiency, and growth initiatives. This phase, “Ad Astra,” emphasizes continuous development in governance and business, aiming to keep Aave at the forefront of the DeFi sector.
    • Proposer: ACI
    • Status: Vote in Progress
  • Hyperlane bridge adapter update to V3
    • Summary: This proposal seeks to update Hyperlane bridge adapters on the a.DI platform to Version 3 for Ethereum, Polygon, Avalanche, Binance, and Gnosis. It also plans to remove outdated native bridges on Optimism, Base, Arbitrum, Scroll, and Metis, ensuring all network connections are upgraded to the latest, more efficient version. This will streamline cross-network interactions by integrating the most current technology for enhanced operational efficiency and tracking.
    • Proposer: BGD Labs
    • Status: AIP Passed
  • Renewal of Aave Guardian - 2024
    • Summary: This proposal focuses on renewing the Aave Guardian for 2024, adjusting member composition to reflect current community stakeholders and enhancing the guardians’ capabilities in emergency situations and governance oversight. It outlines the roles of two types of guardians - Protocol and Governance emergency Guardians - each tasked with specific, crucial functions within the Aave ecosystem.
    • Proposer: ACI
    • Status: Vote in Progress

:writing_hand: Forum Highlights

  • Aave Finance Steward

    This proposal introduces the Finance Steward role to manage Aave DAO’s funds more efficiently. It includes creating a smart contract to handle pre-approved financial operations, aiming to streamline governance and reduce administrative overhead. The contract will allow designated guardians to manage asset transfers and swaps within predefined budgets, enhancing operational efficiency and financial oversight.

  • Rivus Guard – Automated Supply and Borrow Caps

    The “Rivus Guard” proposal introduces automated supply and borrow cap controls for Aave, aiming to reduce governance overhead and enhance protocol security. It outlines a system where caps can be adjusted daily, offering a flexible response to market conditions while limiting potential risks from abrupt capital flow changes. The automation also aims to streamline the operational efficiency of cap management within the Aave ecosystem.

  • Fund USDC & USDT GSM

    This proposal seeks to fund USDC and USDT GHO Stability Modules (GSM) with 1 million each from Aave v3, enhancing the stability of the GHO peg. The Aave Liquidity Committee will manage the funds, deploying them under favorable market conditions to support GHO’s price stability.

:newspaper: Stakeholder News

:crystal_ball: Upcoming Votes

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