Governance Weekly Recap [2024]

Governance Updates: Week of January 22, 2024

The 4th week of January was marked by some exciting new initiatives from the community in the Aave Governance Platform. We have highlighted them in brief

Key Updates

USDC.e on Optimism: A Snapshot was recently put up for increasing supply and borrow caps of USDC.e on Aave V3 Optimism. The Community has rejected the idea of promoting legacy USDC and has favoured the promotion of Native USDC which is deemed less risky. The Snapshot can be found here

PAXG on Aave: An old conversation to include Pax Gold as a collateral on Aave markets has seen some rejuvenation in interest. PAXG, is an RWA based on gold. The proposal indicates PAX Gold is the largest market cap tokenized gold coin - each PAXG token represents and is backed by one troy ounce of gold. Community members can read more about this proposal here

Adding RSR to Aave:

The proposal from the Reserve Protocol Core Team and ACI recommends integrating Reserve Rights (RSR) into AAVE V3 on Ethereum. RSR’s role in governance and collateralization is emphasized, aiming to enhance Reserve Protocol’s development and increase AAVE’s Total Value Locked. The proposal is currently in the TEMP CHECK voting stage for community decision. For a detailed overview, you can read the full proposal here.

Service Provider Updates


BGD Labs

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