Week of October 17, 2022
Summary
Lots of action with proposals — see below.
There’s an Aave community call today, October 24 at 4PM GMT on Twitter Spaces.
Here are the latest metrics from Messari, and be sure to check out Aave News this week.
Proposals
Aave Improvement Proposals (AIPs):
- Risk Parameter Updates for Aave Polygon Markets (2022-10-21) (112). This proposal to “take precautionary measures on the Aave Polygon markets” succeeded with nearly 100% voting “YAE.” This proposal (and the one just below) arose out this discussion on the forum. (A similar discussion was had on the Compound forums, leading to a proposal.)
- Risk Parameter Updates for Aave V2 ETH (2022-10-21) (111). This proposal to “take precautionary measures on the Aave V2 Ethereum market, including parameter changes on six (6) assets on Aave V2” succeeded with nearly 100% voting “YAE.”
Recently active Aave Improvement Proposals:
- FEI Reserve Factor Update (110). As part of the planned deprecation of FEI as a collateral asset, the Reserve Factor had been set to 100% in a previous proposal. Since then @bgdlabs has noticed that no variable borrow debt is being accrued and the fees for the Reserve Factor are not being directed to the Collector smart contract as they should be. BGD Labs is here proposing a temporary fix — setting the Reserve Factor to 99% — until the protocol itself can be updated to handle resetting to 100%. The proposal passed with nearly 100% voting “YAE” and was executed on October 23.
- Whitelist Balancer’s Liquidity Mining Claim (109). “Balancer DAO seeks to retrieve around 1,500 stkAAVE from several Linear Pools.” This proposal passed with nearly 100% voting “YAE” and was executed on October 21.
Now on Snapshot:
- 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.”
- Add TRYB to Aave V3 on Avalanche Network, Isolation Mode.
Requests for comment active this week:
- Aave V3 Ethereum Deployment: Assets and Configurations. More ideas and discussion about how to structure the market.
In the Forums
Delegate platform udpates: From @Kene_StableLab, @fig, @lbsblockchain, FranklinDAO, and @Llamaxyz.
Continuous formal verification report for September, provided by @MCERFSR for Certora.
“$GHST is a potential risk factor for Aave’s v3 Polygon deployment,” says @nonstopTheo on behalf of Risk DAO.
Aave v2 on zkSync 2.0 Testnet. @SA_Matterlabs proposes deployment.
On Twitter
Reminder: Community Call on Monday, October 24, 4PM GMT, with all the folks listed here.
Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom