Governance Weekly Recap [2024]

Governance
6

Governance Updates: Week of February 5, 2024

Key Updates

Establishing the Aave Protocol Embassy (APE)

The Aave Chan Initiative proposes creating the Aave Protocol Embassy (APE) to represent Aave DAO in the governance of other protocols. APE aims to utilize Aave’s voting power in DAOs, especially for Long-Term Incentive Plans on networks like Arbitrum, using a 3/4 Gnosis SAFE multisig structure. This initiative seeks to address the current limitations in Aave’s structure that hinder direct governance participation, thereby enhancing its meta-governance capabilities.

Orbit Program Renewal

The proposal discusses renewing the Orbit program to compensate recognized delegates with GHO and ETH for governance activities. It introduces gasless voting and maintains targeted gas rebates for proposal creation and payload deployment, leveraging open-source scripts for transparent gas expenditure tracking. The proposal includes eligibility criteria for Orbit renewal, emphasizing delegate participation rate and impact, with a budget of 80,000 GHO and 4.6755 ETH for the covered period.

Setting Emission Admins/Managers

Several community members and contributors have proposed roles as emission managers for incentives related to the Aave pools and Chains. We have listed out all such proposals for the readers.

  • Set Aave Chan Initiative as Emission Manager for fdUSD on BNB Chain Aave V3

    The post discusses a proposal to appoint the Aave Chan Initiative (ACI) as the emission manager for the fdUSD token on BNB Chain Aave V3. This role involves managing incentive programs funded by ecosystem partners to promote growth and expand the user base on the BNB Chain. As the emission manager, ACI would oversee the distribution of incentives to stimulate activity and attract more users to the pool, aligning with the broader goals of the Aave community.

  • Set ARB Emission Admin to Gauntlet

    The proposal by Tokenlogic_Karpatkey suggests assigning Gauntlet as the ARB Emission Admin on Aave v3 for Arbitrum, tasked with distributing ARB rewards to facilitate the transition from USDC.e to USDC, aiming to use 15.59M USDC.e. This move is intended to encourage the migration to native USDC with ARB incentives.

  • Set Liquidity Observation Labs as Emission manager for wstETH on V3 markets

    The proposal seeks to appoint Lido Liquidity Observation Labs as the emission manager for wstETH on Aave V3 markets across Ethereum, Base, Arbitrum, Optimism, Polygon, and Gnosis. This role would enable them to define and fund incentive programs to promote wstETH market growth and expand Aave’s user base.

  • Set ETHx and SD Emission Admin to Stader Labs

    The proposal recommends designating Stader Labs as the Emission Administrator for both ETHx and SD tokens on Aave V3 on the Ethereum network. Stader Labs would be responsible for handling the emissions, meaning they would manage and distribute rewards associated with these tokens. This strategic move aims to encourage the utilization and liquidity of ETHx within the Aave ecosystem, aligning with broader objectives to enhance platform engagement and token utility.

Service Provider Communications

Gauntlet

Chaos Labs

BGD Labs