Governance Weekly Recap

Week of September 12, 2022

Summary

Aave planned carefully for The Merge, which — very happily — finalized without major turbulence. Below we list proposals that were recently executed, as well as those that are in discussion — which together indicate a return to normal functioning for the protocol.

Proposals

Aave Improvement Proposals (AIPs):

  • Re-enable ETH Borrowing (101). This proposal, initiated by Gauntlet, re-enables ETH borrowing on the Aave v2 Ethereum market post Merge. It follows from AIP-97, which paused borrowing ahead of the Merge. The proposal was executed on September 17 and returns the Aave market to normal conditions. As the proposer notes in an update, “So far, market conditions are trending towards a healthy state post-merge.”
  • Add MaticX to Aave v3 Polygon Pool (100). This proposal, submitted by Llama, adds MaticX to the above mentioned pool. “MaticX is an ERC20 receipt token which represents staked MATIC and a portion of the staking rewards”; adding it to the Polygon pool allows Aave DAO “to benefit from the first mover advantage and provide an alternative to Lido’s stMATIC.” The proposal was executed on September 17.

Vote now on Snapshot: Whitelist Balancer’s Liquidity Mining Claim (discussion here).

:speaking_head: Provide your feedback on these Aave Requests for Comment (ARCs):

In the Forums

Harmony Horizon bridge exploit. @bgdlabs updates its thread about the effects of the exploit on the Aave V3 community. The update includes “key aspects of a potential execution” being discussed by the Recovery ONE committee.

Fantom freeze. bgdlabs confirms that “the Aave Guardian has approved the transaction to freeze Aave v3 Fantom, allowing only for withdrawals, repayments, and liquidations” — following from the Snapshot vote on the related proposal in August.

Here’s a delegate platform thread in which FranklinDAO (previously @PennBlockchain) indicates how they’ve voted, and why, on each proposal.

See other delegate platforms from @fig (Flipside Crypto), Llama, and @lucasvo in this category.

Grants awarded by the Aave Grants DAO in August have been summarized. The summary includes “detail on how [grantees] plan to help expand the Aave ecosystem along with some statistics on AGD in general, and key metrics achieved.”

Here’s an important update from bgdlabs on “Aave Governance. Adjust Level 2 requirements (long-executor),” which passed a Snapshot vote in July.

On Twitter

Aave News: Subscribe to Aave Grants DAO’s Aave News, which provides a weekly recap via Mirror and Substack.

Community calls: Follow aavegrants to hear when the next call will take place on Spaces. Notes on the last call are here.

In Discord

How much Aave do you need to vote?

Keep up to date in the dedicated governance channel.

Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom

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