Week of December 5, 2022
Summary
Lots of proposals before the Aave community of late. Two very recent ones failed to reach quorum despite apparent support. Is it the weekend?
Proposals
Aave Improvement Proposals (AIPs):
- Freeze Aave V1 (129). This proposal failed to reach quorum on December 11.
- Set LDO, stMATIC, MaticX and SD Emission_Admin for Polygon v3 Liquidity Pool (128). This proposal failed to reach quorum on December 10.
- Aave StarkNet Phase I - Aave <> StarkNet Bridge deployment/activation by Aave governance (127). This proposal passed with nearly 100% voting “YAE.”
On Snapshot:
- [ARFC] Receipt of Gauntlet Insolvency Fund. @llamaxyz proposes that “Gauntlet’s Insolvency Fund be transferred to the Aave Ecosystem Reserve in the form of AAVE tokens.”
- [ARFC] Ethereum v2 Collector Contract Consolidation. Llama proposes to consolidate “the Aave v2 Collector Contract holdings by swapping a portion of the long tail assets to USDC and redeeming assets from the Aave AMM deployment.”
- [ARFC] Repay Excess CRV Debt on Ethereum v2. Llama proposes “sourcing CRV for the purpose of repaying the excess debt in the CRV Reserve on the Ethereum v2 liquidity pool.”
- Risk Parameter Updates for Aave v2 Ethereum - LTs and LTVs for Long Tail Assets. This proposal passed on December 11 with nearly 100% voting “YAE.”
- Risk Parameter Updates for Aave v2 Ethereum (DAI LT and LTV). This proposal passed on December 10 with nearly 100% voting for “300bps LT decreases & LTV 75%.”
- Risk Parameter Updates for Aave v2 Ethereum (USDC LT and LTV). This proposal passed on December 10 with nearly 100% voting for “150bps LT decrease & LTV 80%.”
- V3 Borrow Cap Recommendations (Fast track). This proposal passed on December 8 with nearly 100% voting “YAE.”
- [ARFC] Aave DAO Policy Change: Halt Listings on all Aave v1 & v2 Non Permissioned Deployments. This proposal passed on December 9 with nearly 100% voting “YAE.”
Provide your feedback on these Aave Requests for Comment:
- [ARFC] Aave v3 on Ethereum - Create eMode Categories. Llama proposes deploying Aave v3 on Ethereum “with two initial eMode Categories”: stabelcoin correlated, and Ethereum correlated.
- [ARC] Add wstETH to Aave v3 on Optimism. A proposal from the Lido DAO to “add wstETH to the Optimism V3 Liquidity Pool.”
- [ARC] Integrate Trust Wallet into the Aave App. This proposal hopes “to get the Trust Wallet connection point in the default connection modal” on both mobile and desktop.
- [ARC] Aave v3 Polygon wMATIC Interest Rate Update. Llama picks up the discussion again.
- [ARC] Freeze RENFIL for Aave V2 ETH Market. Discussion continues.
In the Forums
Aave <> Chainlink proof or reserve. BGD Labs lays out their “phase 1 release candidate.”
Governance framework for alternative chain proposals. This discussion is revived “one last time” before going to Snapshot.
Risk council discussions continue, with specific members / entities suggested.
Delegate platform updates from @lbsblockchain, FranklinDAO, and @MarcZeller
ARC or ARFC. Which one is it?
Redeem, consolidate, redeploy. Llama wants to discuss “Aave’s assets held within the Polygon v2 Collector Contract and v3 Treasury addresses.”
Gauntlet <> Aave. Intensive discussion continues after the contract renewal Snapshot failed.
ThunderCore. Here’s a proposal to deploy Aave on the EVM compatible chain.
On Twitter
Aave Grants applauded by Gitcoin for exemplifying best practices.
Aave News #77 in all its forms. #78 is out too.
In Discord
Remember you can follow the #governance bot channel in Discord to be alerted when new Snapshot votes and governance forum threads are posted.
Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom