Week of October 10, 2022
Summary
The proposal to Adjust Aave Governance Level 2 requirements passed — with just enough votes to meet quorum. Great work by @bgdlabs to figure this one out and help get it through. They remind us not to remove proposition power from the autonomous contract until the proposal is executed (~six days from now).
Here are the latest metrics from Messari, and be sure to check out Aave News this week.
Proposals
Aave Improvement Proposals (AIPs):
- Whitelist Balancer’s Liquidity Mining Claim (109). “Balancer DAO seeks to retrieve around 1,500 stkAAVE from several Linear Pools.”
Recently active Aave Improvement Proposals:
-
Adjust Aave Governance Level 2 requirements (106).
Succeeded with nearly 100% voting “for,” and is queued for execution in ~six days. - Risk Parameter Updates for Aave V2 ETH (108) succeeded with nearly 100% voting “for,” and was executed on October 14.
Now on Snapshot:
- Add TRYB to Aave V3 on Avalanche Network, Isolation Mode.
Provide your feedback on these new Aave Requests for Comment (ARCs):
- Aave V3 Ethereum Deployment: Assets and Configurations. Following the community-approved decision to deploy a new Aave V3 Ethereum market (rather than upgrade V2), it’s “time for the community to make important choices around how to design V3 ETH’s initial market structure.”
- Risk Parameter Updates for Aave V3 Avalanche: 2022-10-15. Here’s Gauntlet’s guidance, which is to adjust five parameters “to maintain the overall risk tolerance of the protocol while making risk trade-offs between specific assets.”
- Aave v3 Polygon wMATIC Interest Rate Update. Llama proposes to update “wMATIC interest rate parameters on the Aave Polygon v3 Liquidity Pool.”
Requests for comment active this week:
- Add Goldfinch FIDU as collateral to Aave V2.
In the Forums
LFGHO! An update on GHO from @AaveLabs, including a technical paper.
Financial Report, Q3 2022 from @Llamaxyz.
Mango Markets and liquidity attack risk. @pauljlei says Gauntlet is analyzing risk to Aave v2 and v3 assets.
New delegate platform, from @lbsblockchain, a “student and professional society at the London Business School.” Check it out.
FEI security report. BGD Labs observed a problem when the FEI reserve factor was set to 100% (through a recent proposal, as part of the planned deprecation of the FEI market). Proposed solution included.
Network evaluation. BGD Labs provides a clear framework for the technical evaluation of networks seeking a deployment of Aave v3.
Karma forum plugin. @mmurthy explains how the Discourse plugin could help “streamline” delegate activity.
On Twitter
Llama Twitter Spaces on their work with Aave. Join the next one on October 19.
Gauntlet presents a case study: “Impact Measurement: Aave.”
Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom