Governance Weekly Recap

Governance
31

Week of February 20, 2023

Highlights

There’s a combo-flavor proposal (Level 1 & Level 2) coming up from BDG Labs to proceed with the rescue of tokens locked on Aave.

:speaking_head: Quorum requirements for the Level 2 portion are very high, so participate if you can.

Here’s Aave News #89.

Proposals

:speaking_head: Aave Improvement Proposals (AIPs):

  • Risk Parameter Updates for Aave V3 OP Market (164). Succeeded with 100% voting YAE and was executed on February 26th.
  • Add wstETH to Arbitrum Aave v3 (163). Succeeded with 100% voting YAE and was executed on February 26th.
  • Freeze BUSD on Aave v2 ETH (162). Succeeded with nearly 100% voting YAE and was executed on February 26th.
  • Increase supply cap for cbETH Aave Ethereum V3 (161). Succeeded with 100% voting YAE and was executed on February 25th.
  • Update xSushi price feed on Aave V2 (160). Succeeded with 100% voting YAE and was executed on February 25th.
  • Onboard WSTETH to Aave Optimism V3 Pool (159). Succeeded with 100% voting YAE and was executed on February 22nd.

:speaking_head: On Snapshot:

  • Chaos Labs Risk Parameter Updates - Aave V3 Arbitrum. Voting ends on March 1st.
  • ARC Spark Lend Profit Share Proposal. Voting ends on March 2nd.
  • Chaos Labs Risk Parameter Updates - MKR on Aave V2 Ethereum. Passed on February 27th with nearly 100% voting YAE.
  • [ARFC] Aave V3 Caps update Framework. Passed on February 26th with nearly 100% voting YAE.
  • [ARC] Gauntlet Interest Rate Curve Recommendations for Aave V3 Markets. Voting ends on February 27th.
  • [ARC] Gauntlet Risk Parameter Updates for Avalanche Aave V3. Passed on February 25th with nearly 100% voting YAE.
  • Supply Cap update sAVAX Avalanche V3. Passed on February 24th with nearly 100% voting YAE.
  • [Temp Check] Deploy Aave v3 on Scroll testnet. Passed on February 24th with nearly 100% voting YAE.
  • [ARFC] Avalanche wAVAX Interest Rate Upgrade. Passed on February 23rd with nearly 100% voting YAE.
  • [ARC] Gauntlet Risk Parameter Updates for Optimism Aave V3 (2023-02-16). Passed on February 21st with nearly 100% voting YAE.
  • [ARC] Community Risk Preference on Aave V3 Borrow/Supply Caps. Concluded on February 21st with over 61% voting for “aggressive.”
  • Chaos Labs Risk Parameter Updates - Aave V3 Avalanche - 2023.02.07. Passed on February 20th with nearly 100% voting YAE.
  • [ARFC] MaticX Risk Parameter Interest Rate Polygon v3 Upgrade. Passed on February 20th with nearly 100% voting YAE.

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

  • [ARFC] Activate emode for cbETH Aave Ethereum V3
  • [ARFC] Add YFI to Ethereum v3. Discussion continues.
  • [ARFC] Add Support for LDO on Ethereum v3
  • [ARC] Chaos Labs Supply and Borrow Cap Updates - Aave V3
  • [ARFC] wMATIC Supply Cap Increase
  • [ARFC] stMATIC Supply Cap Increase
  • [ARC] - Whitelist Hashflow/Wormhole for V3 Portals
  • [ARC] Gauntlet Risk Parameter Updates for Aave V2 ETH
  • [ARC] - Chaos Labs Risk Parameter Updates for Aave V3 Ethereum
  • [ARFC] Add SNX to Ethereum v3.
  • [ARC] Recover exploited assets stuck on Aave V3 for Platypus Finance on Avalanche

In the Forums

Llama conducts an analysis of the Safety Module.

Continuous formal verification report for January, from Certora.

Delegate platform updates from @lbsblockchain, @WintermuteGovernance, and @Kene_StableLab.

On Twitter

Who said we want to be mature?

Aave DAO continues to lead the way.

BGD Labs’ proposal reports: 17 props in the first 22 days of February.

Analysis of a DAO to DAO partnership: Aave x Balancer, from Flipside.

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