Governance Weekly Recap

Governance
33

Week of March 6, 2023

Highlights

Gauntlet, Chaos Labs, and others discuss recommended actions given the recent news concerning the collapse of Silicon Valley Bank and its affect on stablecoins.

StableLab introduces ideas for governance process improvements.

It’s been another crazy week.

Proposals

:speaking_head: Aave Improvement Proposals (AIPs):

  • GHST Polygon V3 Soft Freeze (177). Voting ends March 13.
  • BUSD Offboarding Plan (176). Voting ends March 13.
  • CRV Interest Rate Curve Upgrade (175). Queued for execution.
  • Risk Parameter Updates for MKR - Aave V2 Ethereum (174).
  • increase supply cap for cbETH Aave Ethereum V3 (173). Failed quorum on March 11.
  • stMATIC SupplyCap Increase Polygon v3 (172). Queued for execution.
  • Risk Parameter Updates Aave V3 Arbitrum (171). Succeeded with 100% voting YAE and was executed on March 11.
  • Supply/Borrow Cap Updates V3 Arbitrum, Optimism, Polygon (170). Succeeded with 100% voting YAE and was executed on March 11.
  • Increase supply cap for wstETH Aave Arbitrum V3 (169). Succeeded with 100% voting YAE and was executed on March 10.
  • Add CRV to Ethereum v3 (168). Succeeded with 100% voting YAE and was executed on March 8.
  • MaticX Risk Parameter & Interest Rate Upgrade (167). Succeeded with 100% voting YAE and was executed on March 6.
  • Rescue Mission Phase 1 Long Executor (166). Queued for execution.

:speaking_head: On Snapshot:

  • [ARFC] Deploy BAL & aBAL from the Collector Contract. Voting starts on March 13.
  • [ARFC] Extend Safety Module Coverage to Polygon v3. Voting starts on March 13.
  • [ARFC] Onboard AgEUR to Aave Optimism V3. Voting ends on March 14.
  • [ARFC] Onboard AgEUR to Aave Arbitrum V3. Voting ends on March 14.
  • [ARC] Platypus Finance Rescue Mission. Voting ends on March 14.
  • [ARC] Extend Aave DAO with EIP-4824. Voting ends on March 14.
  • [ARFC] Add LUSD to Optimism V3 Market. Voting ends on March 13.
  • [ARFC] Grant OP Emission_Admin for Optimism v3 Liquidity Pool to Lido DAO. Voting ends on March 13.
  • [ARFC] Add UNI to Ethereum v3. Voting ends on March 13.
  • [ARFC] Add SNX to Ethereum v3. Voting ends on March 13.
  • [ARFC] Add MKR to Ethereum v3. Voting ends on March 13.
  • [TEMP CHECK] - Whitelist Hashflow Wormhole For V3 Portals. Passed on March 11 with nearly 100% voting YAE.
  • Chaos Labs Risk Parameter Updates - Aave V3 Optimism - 2023.02.28. Passed on March 10 with nearly 100% voting YAE.
  • [ARFC] Activate emode for cbETH Aave Ethereum V3. Passed on March 10 with nearly 100% voting YAE.
  • [ARFC] BUSD Offboarding Plan. Passed on March 9 with nearly 100% voting YAE.

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

  • [ARFC] Create an Excessive Debt Facility.
  • [ARFC] Migrate & Consolidate Polygon Treasury.
  • [ARC] Gauntlet risk parameter updates for Arbitrum, Optimism, and Polygon.
  • [ARFC] Add Support for LDO on Ethereum V3. Gauntlet and Chaos Labs present risk analyses.
  • [ARC] Launch Aave v3 on Celo. Gauntlet presents risk analysis.
  • [ARFC] MaticX SupplyCap Increase Polygon v3.

In the Forums

Thoughts on adding 1inch to V3?

GHO risk monitoring dashboard from @ChaosLabs.

Delegate platform updates from @lbsblockchain and @HKUST_EPI_BLOCKCHAIN.

Twitter

No system designed for stability will overcome irrational human behavior.

You can see the funds yourself.

The money is in the computer.

Those with governance processes are kinda stuck with whatever happens.

Discord

What happens if you borrowed USDC and it de-pegs?

Remember that this governance channel has bots which automatically list new governance forum posts and Snapshot votes.

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

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