Week of October 24, 2022
Summary
Happy halloween! 
Here are the latest metrics from Messari, and be sure to check out Aave News this week.
Proposals
Now on Snapshot:
- Deploy Aave V3 to zkSync 2.0 Testnet. FranklinDAO and Matter Labs jointly propose deployment of Aave V3 to zkSync 2.0’s testnet, saying that it would support “Aave’s multichain mission and expand cross-chain experiences.” The move could bring new users to Aave, and may increase activity on Aave as well since transaction costs are significantly lower on the rollup. When mainnet deployment becomes possible (and certain other criteria are met), another Snapshot will be posted. Forum discussion can be found here.
- Security and Agility of Aave Smart Contracts via Continuous Formal Verification. Certora extends this proposal from a previous one, requesting a year-long commitment from Aave DAO at $2.7m. The additional $400k suggested for fellowships and community grants for security engineers has been pulled from the request. See the full discussion here.
Recently on Snapshot
- Add Login With Unstoppable as an option to the wallet connect dialog of the Aave app. Unstoppable Domains, which issues human-readable blockchain domains, here proposes to add an Unstoppable login to the Aave app — suggesting that this will bring more users to the protocol. Just over 55% voted “Nay.”
Provide your feedback on these Aave Requests for Comment (ARCs):
- [ARC] Add Support for cbETH. This proposal seeks to add cbETH (Coinbase Wrapped Staked ETH) to Aave on Ethereum. It presents cases for deployment on V2 (LTV 0%) or V3 (parameters tbd), with the community to decide via Snapshot.
- ARC: Staked ATokens, A New Aave Primitive Exploring Vote-Escrow Economies. @AaveLabs seeks community feedback on creating this new primitive: Adopting it, “Aave DAO Treasury could generate revenue from staking rewards…[and] allow the Aave DAO Treasury to participate in the veToken economy and attract additional users.”
- [ARC] - ERC4626 Strategies as Productive Collateral. This proposal, from @Llamaxyz and @MatthewGraham, is similar (and complementary?) to the one from AaveCompanies above: The proposal involves “the introduction of a new productive collateral type that allows users to earn the rewards of other protocols by depositing into Aave v3 Reserves,” while generating additional revenue for the Aave DAO.
- [ARC] - Add support for BADGER on Aave V3. This proposal requests that the BADGER token be onboarded onto Aave V3 Ethereum. Badger DAO is “focused on building the products and infrastructure necessary to accelerate the growth of Bitcoin in Decentralized Finance across multiple blockchains.”
- [ARC] - Integrate Coin98 Wallet into the Aave App. A proposal to integrate with this non-custodial wallet, making Aave available on the Coin98 mobile app.
In the Forums
Aave <> Starknet Phase 1 project has been completed, says @eboado, who gives a full recap of what has been done.
Envoy proposal alerter. @lbsblockchain has created a tool to track proposals.
Karma forum plugin. Is the community interested in this open source plugin to “streamline delegate activity” and surface governance info?
Discursive health of DAOs. Here’s a brief research survey to complete, about governance.
Interest rate parameters. Gauntlet is preparing to support interest rate parameters, and initiates discussion of curve mechanics in this thread.
GHO development cost. MatthewGraham asks AaveCompanies if they are planning to request retroactive payment for developing GHO — so that a proper analysis of the DAOs runway can be conducted. In future, he asks the team to detail “scope of work, timeline and KPIs” for major projects.
Messari now covers Aave in their Governor product, as announced by @raho.
On Twitter
There was a community call on Twitter Spaces last week, which was great — here’s the full summary from @0xmigi.
In Discord
“How do you think anon forums would impact the quality of forum discussions?”
Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom