Governance Weekly Recap

duncand · February 13, 2023, 5:15pm

Week of February 6, 2023

Highlights

GHO was just deployed on Ethereum’s Goerli Testnet. Development updates from @AaveCompanies can be found here.

Check out Aave’s brief, anonymous community health pulse survey from RnDAO.

Aave News #87.

Proposals

Aave Improvement Proposals (AIPs):

Add rETH to Aave Ethereum V3 pool (153). Succeeded with 100% voting YAE and was executed on February 13th.
Add USDT to Aave Ethereum V3 pool (152). Succeeded with 88% voting YAE and was executed on February 13th.
BAL Interest Rate Curve Upgrades (151). Succeeded with 100% voting YAE and was executed on February 7th.
Aave v3 Polygon wMATIC Interest Rate Update (150). Succeeded with 100% voting YAE and was executed on February 7th.
Add cbETH to Aave V3 Ethereum (149). Succeeded with nearly 100% voting YAE and was executed on February 7th.

On Snapshot:

[ARC] Onboarding sfrxETH to Aave V3 Ethereum Market. Voting ends on February 14th.
[ARC] Add LUSD to Ethereum V3. Passed on February 13th with nearly 100% voting “YAE.”
[ARFC] increase borrow cap for MAI Aave Polygon V3. P assed on February 13th with nearly 100% voting “YAE.”
[Temp Check] Deploy Aave V3 on Neon EVM Devnet. Failed on February 10th with over 99% voting “NAY.”
[ARFC] Add wstETH to Arbitrum Aave v3. Passed on February 9th with nearly 100% voting “YAE - with Ethereum eMode.”
[ARFC] CRV Interest Rate Curve Upgrade. Passed on February 9th with nearly 100% voting “YAE.”
[ARFC] Add USDT to Ethereum V3 Market. Passed on February 7th with nearly 100% voting “YAE.”

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

[ARFC] Deploy aCRV & CRV to veCRV. This proposal “presents Aave with two options for managing the CRV holding, with @Llamaxyz recommending to lock the CRV for veCRV via Curve Finance.”
[ARC] - Chaos Labs Supply and Borrow Cap Updates - Aave V3 Polygon and Arbitrum. A proposal to “adjust five (7) total risk parameters, including Supply Cap and Borrow Cap, across seven (7) Aave V3 Polygon and Arbitrum assets.”
[ARFC] Freeze BUSD on Aave V2. A proposal from Aave Chan Initiative “following the recent developments between Paxos (minter of BUSD) and the SEC.”
Deploy Aave V3 on BNB Chain. The Aave Chan Initiative expresses reservations.
[ARFC] Add CRV to Ethereum v3. Llama proposes to “onboard CRV to the Ethereum v3 Liquidity Pool.” Discussion continues, risk analysis to come.
[ARC] - Add support for BADGER on Aave V3. Llama provides a risk assessment. Chaos Labs follows up to express reservations.
ARC: Incentivized Delegate Campaign (3-month). @noturhandle from Butter proposes “a 3-month incentivized delegate pilot for Aave DAO operated by Butter.”
[ARFC] Add BAL Ethereum v3. Guantlet provides parameter recommendations for Llama’s proposal.
[ARC] Aave Protocol Plan for Shanghai Upgrade. Gauntlet provides an additional update.
[ARFC] MaticX Polygon v3 Upgrade. A proposal to update the “MaticX Reserve on Polygon to facilitate an expansion of the MaticX/wMATIC loop strategy in the anticipation of rewards being introduced in the near future.” Discussion continues.
[ARC] Gauntlet Borrow/Supply Cap Updates for Aave v3 OP and Aave v3 AVAX. Discussion continues.
[ARFC] Avalanche wAVAX Interest Rate Upgrade. Gauntlet will soon provide a risk analysis.
[ARC] Gauntlet Risk Parameter Updates for Aave V2 ETH. Gauntlet has “identified an opportunity to reduce liquidation bonuses on three (3) Aave V2 ETH assets without adding outsized market risk.”
ARC: Spark Lend Profit Share Proposal. A proposal for “profit-sharing with the Aave community” from the people behind Spark Lend, which was developed from the (open source) Aave v3 codebase.

In the Forums

Financial report for January 2023, provided by Llama.

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

Risk parameter recommendations for new asset listings. @John_TV_Locke from Messari presents some observations.

DefiSafety presents an idea for quality certificates.

On Twitter

First episode of Aave Radio, about GHO.

So many GHO puns.

On Discord

What is proposition power?

duncand · February 20, 2023, 11:54pm

Week of February 13, 2023

Highlights

Another week full of proposals.

Here’s Aave News #88.

Proposals

Aave Improvement Proposals (AIPs):

Onboard WSTETH to Aave Optimism V3 Pool (159). Voting ends on February 21st.
Ethereum v2 - wETH Interest Rate Curve Upgrade (158). Succeeded with 100% voting YAE and is queued for execution.
LDO - Reward Controller Access Request (157). Succeeded with 100% voting YAE and is queued for execution.
Update MAI Caps Aave Polygon V3 pool (156). Succeeded with nearly 100% voting YAE and is queued for execution.
Supply/Borrow Cap Updates Polygon and Arbitrum V3 (155). Succeeded with 100% voting YAE and was executed on February 20th.
Add LUSD to Aave Ethereum V3 pool (154). Succeeded with 100% voting YAE and was executed on February 20th.

On Snapshot:

[ARFC] Avalanche wAVAX Interest Rate Upgrade. Voting ends on February 23rd.
[ARC] Gauntlet Risk Parameter Updates for Optimism Aave V3 (2023-02-16). Voting ends on February 21st.
[ARC] Community Risk Preference on Aave V3 Borrow/Supply Caps. Voting ends on February 21st.
Chaos Labs Risk Parameter Updates - Aave V3 Avalanche - 2023.02.07. Voting ends on February 20th.
[ARFC] MaticX Risk Parameter Interest Rate Polygon v3 Upgrade. Voting ends on February 20th.
[ARFC] Freeze BUSD on Aave V2. Passed on February 19th with nearly 100% voting YAE.
[ARFC] Add CRV to Ethereum v3. Passed on February 18th with nearly 100% voting YAE.
[ARC] Add Safety module support for Aave V3 Ethereum market. Passed on February 18th with nearly 100% voting YAE.
[ARFC] Add BAL Ethereum v3. Passed on February 18th with nearly 100% voting YAE.
[ARC] Onboarding sfrxETH to Aave V3 Ethereum Market. Passed on February 14th with nearly 80% voting YAE.

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

[ARC] - Chaos Labs Risk Parameter Updates - Aave V3 Arbitrum.
[ARC] RWA Facilitator Onboarding Framework.
[ARFC] Add UNI to Ethereum v3.
[ARFC] Add SNX to Ethereum v3.
[ARFC] Add YFI to Ethereum v3.
[ARFC] Add MKR to Etherum v3.
[ARFC] Increase supply cap for cbETH Aave Ethereum V3.
Launch Aave V3 on Metis. Gauntlet and Chaos Labs present market risk analysis.
[ARFC] Extend Safety Module Coverage to Polygon v3.
[ARFC] Aave V3 Caps update Framework.
[ARC] Gauntlet Risk Parameter Updates for AVAX V3 and OP V3.
[ARFC] Grant OP Emission_Admin for Optimism v3 Liquidity Pool to Lido DAO.
[ARFC] Avalanche wAVAX Interest Rate Upgrade. Gauntlet provides risk analysis.
[ARFC] Deploy aCRV & CRV to veCRV. Llama presents further thoughts and a long discussion follows.
[ARFC] Proposal for Deploying “Whitelabel” Aave V3 Market for RealT Tokens on GnosisChain.
[ARC] - Supply Cap update sAVAX Avalanche V3.

In the Forums

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

Messari Governor upgraded its DAO profiles, providing “rich on-chain and off-chain analytics for Aave for Pro & Enterprise users.”

On Twitter

Aave Grants awarded in January.

duncand · February 27, 2023, 7:16pm

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.

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

Here’s Aave News #89.

Proposals

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.

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.

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.

duncand · March 6, 2023, 9:06pm

Week of February 27, 2023

Highlights

AIP 165 has passed, “executing the first part of the rescue mission for tokens sent by mistake to the ecosystem” says BGD Labs in a tweet. AIP 166, “Rescue Mission Phase 1 Long Executor,” still needs to meet the quorum of over 1 million AAVE — but it’s getting closer.

Here’s Aave News #90.

Proposals

Aave Improvement Proposals (AIPs):

Risk Parameter Updates Aave V3 Arbitrum (171). Voting starts March 7.
Supply/Borrow Cap Updates V3 Arbitrum, Optimism, Polygon (170). Voting starts March 7.
Increase supply cap for wstETH Aave Arbitrum V3 (169). Voting starts March 7.
Add CRV to Ethereum v3 (168). Voting ends March 7.
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). Voting ends on March 10.
Rescue Mission Phase 1 Short Executor (165). Succeeded with 100% voting YAE and was executed on March 4.

On Snapshot:

Chaos Labs Risk Parameter Updates - Aave V3 Optimism - 2023.02.28. Voting starts on March 7.
[ARFC] Activate emode for cbETH Aave Ethereum V3. Voting starts on March 7.
[ARFC] BUSD Offboarding Plan. Voting ends on March 9.
Supply and Borrow Cap Updates - Aave V3 Avalanche. Passed on March 5 with nearly 100% voting “Agressive.”
[ARFC] Proposal for Deploying “Whitelabel” Aave V3 Market for RealT Tokens on GnosisChain. Passed on March 5 with nearly 100% voting YAE.
[ARC]- Chaos Labs Risk Parameter Updates - Aave V3 Ethereum - 2023.02.22. Passed on March 3 with nearly 100% voting YAE.
ARC Spark Lend Profit Share Proposal. Passed on March 2 with nearly 100% voting for “entire profit share direct payment.”
Chaos Labs Risk Parameter Updates - Aave V3 Arbitrum. Passed on March 1 with nearly 100% voting YAE.

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

[ARFC] AgEUR risk parameters Aave Polygon V3 update.
[ARC] RWA Facilitator Onboarding Framework. Discussion continues.
[ARC] Gauntlet Risk Parameter Updates for Arbitrum and Polygon Aave V3 (2023-03-03).
[ARFC] GHO Genesis Parameters.
[ARC] Recover exploited assets stuck on Aave V3 for Platypus Finance on Avalanche. Discussion continues.
[ARFC] Add YFI to Ethereum v3. Discussion continues.
[ARC] - Whitelist Hashflow/Wormhole for V3 Portals
[ARFC] Add SNX to Ethereum v3. Discussion continues.
[ARFC] Add UNI to Ethereum v3. Parameter recommendations from Chaos Labs.
[ARFC - Temp check] “MVP” V3 deployment on ZkEVM mainnet.
[ARFC] Add LUSD to Optimism V3 Market.
[ARFC] Onboard AgEUR to Aave Arbitrum V3.
[ARFC] Onboard AgEUR to Aave Optimism V3.

In the Forums

Technical upgrade for the Safety Module smart contracts, presented by @bgdlabs.

Safety Module discussion continues, with governance impact separately discussed.

Monthly updates from Gauntlet.

Month 5 update from Llama.

Monthly community update from Chaos Labs.

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

duncand · March 13, 2023, 10:57am

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

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.

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.

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.

duncand · March 20, 2023, 1:34pm

Week of March 13, 2023

Highlights

Rescue Mission Phase 1 has been activated, as noted by @bgdlabs; @MarcZeller shares some alpha about Aave governance V3 as presented by @eboado and BGD Labs; and @AaveCompanies present highlights of recent development work.

Gauntlet has posted their take on Aave’s resilience through USDC volatility: “Aave proved resilient and the insolvency was fairly limited. However….”

You’ll note a terminology change below — TEMP CHECK — stemming from a still-active governance process change proposal.

Here’s the always excellent Aave News from Aave Grants DAO.

Proposals

Aave Improvement Proposals (AIPs):

Activate Emode for cbETH Aave Ethereum V3 (184). Voting ends March 21.
OP Emission_Admin for Optimism v3 Liquidity Pool (183). Voting ends March 21.
MaticX Supply Cap Increase Polygon v3 (182). Voting ends March 21.
Supply and Borrow Caps Update - LUSD - v3 Ethereum (181). Succeeded with 100% voting YAE and was executed on March 20.
OP Emission_Admin for Optimism v3 Liquidity Pool (180). Canceled on March 19.
Disable agEUR borrows on Aave v3 Polygon (179). Succeeded with 100% voting YAE and was executed on March 19.
MaticX Supply Cap Increase Polygon v3 (178). Canceled on March 18.
GHST Polygon V3 Soft Freeze (177). Succeeded with 100% voting YAE and was executed on March 14.
BUSD Offboarding Plan (176). Succeeded with 100% voting YAE and was executed on March 14.
CRV Interest Rate Curve Upgrade (175). Succeeded with 100% voting YAE and was executed on March 14.

On Snapshot:

AAVE on Harmony Recovery Plan. Voting ends on March 26.
[TEMP CHECK] Aave Governance Process Improvements. Voting ends on March 22.
Deploy Aave V3 to Metis Andromeda Mainnet. Voting ends on March 23.
Safety Module upgrade to v1.5. Voting ends on March 20.
[ARFC] Migrate & Consolidate Polygon Treasury. Passed on March 19 with nearly 100% voting YAE.
[ARFC] Deploy BAL & aBAL from the Collector Contract. Passed on March 16 with almost 100% voting for locking veBAL.
[ARFC] Grant OP Emission_Admin for Optimism v3 Liquidity Pool to Lido DAO. Passed on March 13 with nearly 100% voting YAE.
[ARFC] Onboard AgEUR to Aave Optimism V3. Passed on March 14 with almost 75% voting YAE.
[ARFC] Onboard AgEUR to Aave Arbitrum V3. Passed on March 14 with almost 75% voting YAE.
[ARC] Platypus Finance Rescue Mission. Passed on March 14 with nearly 100% voting YAE.
[ARC] Extend Aave DAO with EIP-4824. Passed on March 14 with nearly 100% voting YAE.
[ARFC] Add LUSD to Optimism V3 Market. Passed on March 13 with 100% voting YAE.
[ARFC] Extend Safety Module Coverage to Polygon v3. Voting starts on March 13.
[ARFC] Add UNI to Ethereum v3. Passed on March 13 with 100% voting YAE.
[ARFC] Add SNX to Ethereum v3. Passed on March 13 with 100% voting YAE.
[ARFC] Add MKR to Ethereum v3. Passed on March 13 with 100% voting YAE.

Provide your feedback on these active Aave Requests for Comment (ARCs & Temp Checks):

[ARC] Supply and Borrow Caps Update wstETH - V3 - Arbitrum
[ARC] Gauntlet Supply Caps Update for wstETH and rETH on V3 Ethereum
[ARC] Aave Community Plan for V2 to V3 Migration
[ARFC] Add DPI to V3 Ethereum and Freeze on V2 Ethereum
[TEMP CHECK] Aave Chan Initiative 6-month Budget Proposal
[ARFC] Increase Supply Cap for cbETH Aave Ethereum V3
[TEMP CHECK] Polygon v2 to v3 Liquidity Migration
[TEMP CHECK] - Aave V1 Offboarding Plan
[ARC] Add GMX to Arbitrum V3
[ARC] Add Support for BADGER on Aave V3. Conversation started up again.
[ARC] Gauntlet Interest Rate Curve Changes for Aave V3 Markets. Latest updates.

In the Forums

Aave V3 e-mode methodologies from Gauntlet and Chaos Labs

Aave dashboard announced by @Llamaxyz

Telegram for market alerts, from Gauntlet

Aave V3 isolation mode methodology, from Gauntlet’s @pauljlei

Swapping borrowed assets?

Delegate platform updates from @jengajojo (DAOStewards), @lbsblockchain, @HKUST_EPI_BLOCKCHAIN, and @WintermuteGovernance.

Twitter

Share your feedback on GHO genesis parameters.

The improved delegation features have shipped.

Discord

Do I have to use AAVE on mainnet to participate in governance?

duncand · March 27, 2023, 1:35pm

Week of March 20, 2023

Highlights

@bgdlabs introduced Aave Governance V3, and a good discussion is taking place.
BGD Labs also introduced the idea of Risk Steward contracts, as a pilot program to “simplify a lot of operational/governance overhead.”
@lajarre from Butter has announced the “eight candidates that have committed to running as delegates for the Aave Delegation Campaign”; the election, which is open to AAVE and stkAAVE holders, will run from April 3 - April 9.
@Llamaxyz has initiated a temp-check discussion about whether “entities can receive payment for being both a Service Provider and a Delegate Platform.”

Keep your eye out for the next Aave News.

Proposals

Aave Improvement Proposals (AIPs):

Freeze DPI on V2 Ethereum (189). Succeeded with nearly 100% voting YAE and is queued for execution.
Risk Parameter Updates for Aave V3 ETH Market (188). Succeeded with 100% voting YAE and is queued for execution.
Aave V3 Interest Rate Curve Changes (187). Succeeded with 100% voting YAE and was executed on March 25.
Supply/Borrow Cap Updates V3 Polygon and Arbitrum (186). Succeeded with 100% voting YAE and was executed on March 25.
Increase supply cap for cbETH Aave Ethereum V3 (185). Succeeded with 100% voting YAE and was executed on March 24.
Activate Emode for cbETH Aave Ethereum V3 (184). Succeeded with 100% voting YAE and was executed on March 22.
OP Emission_Admin for Optimism v3 Liquidity Pool (183). Succeeded with 100% voting YAE and was executed on March 22.
MaticX Supply Cap Increase Polygon v3 (182). Succeeded with 100% voting YAE and was executed on March 22.

On Snapshot:

[ARFC] Deploy aCRV& CRV to veCRV. Voting ends on March 30.
[TEMP CHECK] Polygon v2 to v3 Liquidity Migration. Voting ends on March 30.
[TEMP CHECK] Add support for wstETH on Polygon v3. Voting ends on March 30.
[ARFC] Add LDO to Ethereum Aave v3. Voting ends on March 30.
[ARFC - Temp check] “MVP” V3 deployment on ZkEVM mainnet. Voting ends on March 29.
[ARC] E-Mode Parameter Changes for v3 Avalanche, Optimism, Polygon, and Arbitrum. Voting ends on March 31.
[TEMP CHECK] Aave Chan Initiative 6-month Budget Proposal. Voting ends on March 28.
[ARC] Community Preference for V3 Migration Levers. Voting ens on April 5.
[ARC] Isolation Mode Recommendations for Aave v4 Avalanche, Polygon, and Arbitrum. Voting ends on March 28.
[ARC] Gauntlet Risk Parameter Recommendations for V3 AVAX. Voting ends on March 28.
AAVE on Harmony Recovery Plan. Failed on March 26 with over 99% voting “no, I refuse this proposal.”
[TEMP CHECK] Aave Governance Process Improvements. Passed on March 22 with over 98% voting YAE.
Deploy Aave V3 to Metis Andromeda Mainnet. Passed on March 23 with over 77% voting YAE.
Safety Module upgrade to v1.5. Passed on March 20 with nearly 100% voting YES.

Active Aave Requests for Comment (ARCs & Temp Checks):

[TEMP CHECK] - Aave DAO’s $ARB Airdrop Allocation
[ARFC] Increase rETH Supply Cap - 03-26
[ARFC] Increase cbETH Supply Cap - 03-26
[ARFC] GHO Genesis Parameters. Discussion continues.
[TEMP CHECK] Aave V3 deployment on zkSync Era Mainnet
[TEMP CHECK] GHO Facilitator Onboarding Process and Application
[ARC] Whitelist Stargate for V3 Portals
[ARFC] wMATIC Supply Cap Increase. Updates provided by Llama.
[ARC] Add support for Origin Dollar (OUSD) on Ethereum V3. Update from Origin.
[TEMP CHECK] Aave V3 deployment on BNB Chain
[ARFC] BAL Interest Rate Upgrade
[ARCF] - Chaos Labs Risk Parameter Updates - Aave V3 Optimism
[ARFC] - Configure Ioslation Mode Borrowable Assets - V3 Ethereum

In the Forums

@MarcZeller provides an update on the BUSD offboarding plan
Gauntlet continues to provide market alerts
See Certora’s continuous formal verification report for February here
Isolation mode methodology explained by @ChaosLabs
Delegate platform updates from @Curia, @Saludiego201, @Wallfacer, @Oxytocin, and @James – among others.

Discord & Twitter

We’re grateful to DeFi because _____

duncand · April 3, 2023, 11:26am

Week of March 27, 2023

Highlights

The delegate election for Butter’s incentivized delegate campaign will go to Snapshot today.
Discussion during and following the Snapshot vote on e-mode parameter changes will likely lead to another proposal being posted soon.

Here’s the latest Aave News.

Proposals

Aave Improvement Proposals (AIPs):

Configure Isolation Mode Borrowable Assets on V3 Ethereum (194). Voting ends on April 5.
Risk Parameter Updates for Aave V2 AMM Market (193). Failed April 2 with nearly 100% voting NAY.
increase supply cap for cbETH Aave Ethereum V3 (192). Succeeded on April 2 with 100% voting YAE and is queued for execution.
Add LUSD to Aave Optimism V3 pool (191). Succeeded on April 1 with 100% voting YAE and is queued for execution.
Risk Parameter Updates for Aave V3 ETH and V3 Arbitrum (190). Succeeded with 100% voting YAE and was executed on April 1.
Freeze DPI on V2 Ethereum (189). Succeeded with nearly 100% voting YAE and was executed on March 28.
Risk Parameter Updates for Aave V3 ETH Market (188). Succeeded with 100% voting YAE and was executed on March 27.

On Snapshot:

[TEMP CHECK] - Aave DAO’s $ARB Airdrop Allocation. Voting ends on April 3.
[ARFC] Add DeFi Saver to flashborrowers on Aave V3. Voting ends on April 3.
[TEMP CHECK] Aave V3 deployment on BNB Chain. Passed on Arpil 1 with nearly 100% voting YAE.
[ARCF] - Chaos Labs Risk Parameter Updates - Aave V3 Optimism. Passed on March 31 with nearly 100% voting YAE.
[ARFC] - Configure Isolation Mode Borrowable Assets - V3 Ethereum. Passed on March 31 with nearly 100% voting YAE.
[TEMP CHECK] Aave V1 Offboarding Plan. Passed on March 31 with nearly 100% voting YAE.
[ARFC] Deploy aCRV& CRV to veCRV. Voting ended on March 30 with almost 62% voting for sdCRV.
[TEMP CHECK] Polygon v2 to v3 Liquidity Migration. Passed on March 30 with more than 92% voting YAE.
[TEMP CHECK] Add support for wstETH on Polygon v3. Passed on March 30 with nearly 100% voting YAE.
[ARFC] Add LDO to Ethereum Aave v3. Passed on March 30 with nearly 100% voting YAE.
[ARFC - Temp check] “MVP” V3 deployment on ZkEVM mainnet. Passed on March 29 with 100% voting YAE.
[ARC] E-Mode Parameter Changes for v3 Avalanche, Optimism, Polygon, and Arbitrum. Voting ended on March 31 with over 52% voting Nay.
[TEMP CHECK] Aave Chan Initiative 6-month Budget Proposal. Passed on March 28 with nearly 100% voting YAE.
[ARC] Community Preference for V3 Migration Levers. Voting ends on April 5.
[ARC] Isolation Mode Recommendations for Aave v4 Avalanche, Polygon, and Arbitrum. Voting ended on March 28 with nearly 100% voting for “Aggressive.”
[ARC] Gauntlet Risk Parameter Recommendations for V3 AVAX. Passed on March 28 with nearly 100% voting YAE.

Active Aave Requests for Comment (ARCs & Temp Checks):

[TEMP CHECK] Gas Fee Rebate for On-Chain Votes
[ARFC] - ACI Service Provider 6 Month Proposal
[ARFC] Freeze G-UNI DAI/USDC and G-UNI USDC/USDT in the Aave V2 AMM
[ARFC] Chaos Labs Supply and Borrow Cap Updates
[ARFC] Polygon v3 BAL Supply & Borrow Cap Increase
[ARFC] wMATIC Supply Cap Increase (updates)
[ARC]: Enable USDT as collateral on Aave V3 Avalanche
[ARFC] GHO Genesis Parameters (discussion continues)
[TEMP CHECK] - Aave DAO’s $ARB Airdrop Allocation (discussion continues)
[ARC] Add GMX to Arbitrum v3 (risk parameter recommendations provided)

In the Forums

@ChaosLabs monthly community update
Delegate platform updates from @OnChainCoop, @BlockworksResearch, @BristolBlockchain, and others.
Rating Aave DAO’s maturity, by @Kene_StableLab
Aave Grants DAO recent work update: February from @0xmigi

Discord & Twitter

No single entity in the world controls the Aave protocol
New Aave grants awarded in February (full version in forum post above)
Do I have to keep my Aave on ETH mainnet to vote?

duncand · April 10, 2023, 3:17pm

Week of April 3, 2023

Highlights

The delegate election for Butter’s incentivized delegate campaign is active until noon today (April 10).
I’ve organized the proposals section below into the stages described here — in an attempt to reveal the process more clearly. Feedback and suggestions welcome.

Here’s the latest Aave News.

Proposals

Aave Improvement Proposals (AIPs):

Increase wMATIC Supply Cap & BAL Borrow Cap (199). Succeeded on April 10 with 100% voting YAE and is queued for execution.
Isolation Mode Changes for Aave V3 Avalanche, Polygon, and Arbitrum (198). Succeeded with nearly 100% voting YAE and was executed on April 9.
Add UNI, MKR, SNX & BAL to Ethereum v3 (197). Succeeded on April 8 with 100% voting YAE and is queued for execution.
Add DeFi Saver to Aave V3 FlashBorrowers (196). Succeeded with 100% voting YAE and was executed on April 8.
Risk Parameter Updates for Aave V2 AMM Market (2023-03-31) (195). Succeeded with 100% voting YAE and was executed on April 7.
Configure Isolation Mode Borrowable Assets on V3 Ethereum (194). Succeeded with 100% voting YAE and was executed on April 6.

On Snapshot:

[TEMP CHECK] - GHO Facilitator Onboarding Process and Application. Voting ended on April 8 with over 98% voting YAE.
[ARC] E-Mode Parameter Changes for V3 Avalanche, Optimism, Polygon, and Arbitrum. Voting ends on April 11.
[TEMP CHECK] - Launch Aave V3 on Starknet. Voting ends on April 10.
[TEMP CHECK] Incentivized Delegate Campaign (3-month). Voting ends on April 10.
[ARFC] ACI Service Provider 6-month Proposal. Voting ended on April 7 with nearly 100% voting YAE.
[TEMP CHECK] - Aave DAO’s $ARB Airdrop Allocation. Voting ended on April 3 with over 84% voting “mixed option, discuss.”
[ARFC] Add DeFi Saver to flashborrowers on Aave V3. Voting ended on April 3 with nearly 100% voting YAE.
[ARC] Community Preference for V3 Migration Levers. Voting ended on April 5 with almost 96% voting for “NO decrease V2 LT/LTV on overlapping assets” (see link for full range of votes on different options).

Active Aave Requests for Comment (ARFC):

[ARFC] Aave V3 Deployment on BNB Chain
[ARFC] Aave V3 Deployment on zkEVM L2
[ARFC] Gauntlet E-Mode Methodology: Aave V3 Liquid Staking Tokens
[ARFC] Network deployment ARFC template
[ARFC] Chaos Labs Supply and Borrow Cap Updates - 03.30.2023
[ARFC] MaticX Supply Cap Increase Polygon v3
[ARFC] stMATIC SupplyCap Increase Polygon v3
[ARC] Gauntlet Recommendations for wstETH on Aave V3 Arbitrum
[ARFC] GHO Genesis Parameters (discussion continues)
[ARFC] Polygon v3 BAL Supply & Borrow Cap Increase
[ARFC] Align AAVE Risk Parameters on Aave V3 Ethereum Market with Aave V2
[ARC] Add support for wstETH on Polygon V3
[ARFC] Aave V1 Offboarding Plan

Active TEMP CHECKS:

[TEMP CHECK] Proposal for Senate to Enable Dedicated Tooling for Aave Governance
[TEMP CHECK] Aave Bug Bounty on Immunefi
[TEMP CHECK] Gas Fee Rebate for On-Chain Votes
[TEMP CHECK] Ethereum V2 to V3 Migration

In the Forums

Gauntlet has launched V2 of their Risk Dashboard (here).
Delegate platform updates from @lbsblockchain, @HKUST_EPI_BLOCKCHAIN, and @Kene_StableLab.
Aave on-chain governance is live on Tally.
Gauntlet posts monthly updates for March.

Discord & Twitter

@MarcZeller on dapps, protocols, and decentralization
Why was AIP 193 rejected while 195 was accepted?
What’s happening in Aave governance this week?
The largest collateral swap to date on Aave

duncand · April 17, 2023, 1:17pm

Week of April 10, 2023

Highlights

BGD has started a discussion around the idea of an “Aave Forest,” a “framework to monitor and protect Aave against potential exploits.”
TokenLogic won Butter’s delegate campaign, which means AAVE holders can delegate to them in a couple of different ways.
Llama has split their approach to Safety Module design improvements into six different proposals, as you’ll see below.

Here’s the latest *Aave News.*

Proposals

Aave Improvement Proposals (AIPs):

ACI Service Provider Proposal (202).Succeeded on April 17 with 100% voting YAE and is queued for execution.
Add LDO to Ethereum Aave v3 (201). Succeeded on April 16 with 100% voting YAE and is queued for execution.
Increase wstETH Borrow Cap on V3 Arbitrum (4/5/2023) (200). Succeeded with 100% voting YAE and was executed on April 15.
Increase wMATIC Supply Cap & BAL Borrow Cap (199). Succeeded on April 10 with 100% voting YAE and is queued for execution.

On Snapshot:

[TEMP CHECK] - Whitelist Stargate for V3 Portals. Voting ends on April 18.
[ARFC] Aave V1 Offboarding Plan. Voting ended on April 16 with nearly 100% voting YAE.
Risk Rewards Phase 1: CapsRewardsSteward. Voting ends on April 17.
[TEMP CHECK] Aave V3 deployment on zkSync Era Mainnet. Voting ended on April 15 with nearly 100% voting YAE.
[ARFC] Align AAVE Risk Parameters on Aave V3 Ethereum Market with Aave V2. Voting ended on April 15 with nearly 100% voting YAE.
[ARC] E-Mode Parameter Changes for V3 Avalanche, Optimism, Polygon, and Arbitrum. Voting ended on April 11 with over 80% voting for Option 3.
[TEMP CHECK] - Launch Aave V3 on Starknet. Voting ended on April 10 with nearly 100% voting YAE.
[TEMP CHECK] Incentivized Delegate Campaign (3-month). Voting ended on April 10 with TokenLogic the lead vote getter.

Active Aave Requests for Comment (ARFC):

[ARFC] MaticX Supply Cap Increase Polygon v3
[ARFC] wMATIC Risk Parameter Update Polygon v3
[ARFC] GHO Genesis Parameters
[ARFC] Private Voting for Aave Governance [2-month Trial]
[ARFC] Add MAI to Optimism Aave V3 Pool
[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH Balancer v1 Pool to Balancer v2
[TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates
[TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT)
[TEMP CHECK] Safety Module Upgrade Part IV - Incentives Management Upgrade
[TEMP CHECK] Safety Module Upgrade Part V - veToken Holding Management Framework
[TEMP CHECK] Safety Module Upgrade Part VI - Future considerations
[ARFC] Add MAI to Arbitrum Aave V3 Market
[ARFC] Aave V3 Deployment on zkEVM L2
[ARC] Enable USDT as collateral on Aaave V3 (Avalanche) (Re-submitted)
[ARFC] Chaos Labs Risk parameter Updates - Aave V3 Optimism

Active TEMP CHECKS:

[TEMP CHECK] Aave Bug Bounty on Immunefi
[TEMP CHECK] Proposal for Senate to Enable Dedicated Tooling for Aave Governance

In the Forums

@Llamaxyz has added a runway to their dashboard. The team believes that Aave has about 2.7 years of AAVE-denominated runway at present.
Llama posts its six-month update.
Delegate platform updates from @HKUST_EPI_BLOCKCHAIN, @TokenLogic, @lbsblockchain, and @WintermuteGovernance

duncand · April 24, 2023, 4:45pm

Week of April 17, 2023

Highlights

The proposal to upgrade the Aave Safety Module to version 1.5 will go up soon, per @bgdlabs. This one will be a Level 2 Executor, meaning it will have the highest quorum requirement (+1m AAVE) — so get ready to participate.

Keep up with all the Aave News.

Proposals

Aave Improvement Proposals (AIPs):

Risk Parameter Updates Aave V3 Optimism (206). Succeeded with 100% voting YAE and was executed on April 22.
Supply/Borrow Cap Updates V3 Arbitrum (205). Failed to reach quorum on April 21 with over 53% voting NAY.
Update AAVE V3 ETH Risk Parameters (204). Succeeded with 100% voting YAE and was executed on April 22.
Aave v2/v3 Collectors unification (203). Succeeded with 100% voting YAE and was executed on April 21.
ACI Service Provider Proposal (202).Succeeded with 100% voting YAE and was executed on April 18.
Add LDO to Ethereum Aave v3 (201). Succeeded with 100% voting YAE and was executed on April 17.

On Snapshot:

[ARFC] Deprecate Aave V2 AMM Market. Voting ends on April 28.
[ARFC] Add MAI to Optimism Aave V3 Pool. Voting ended on April 23 with nearly 100% voting YAE.
[ARFC] Add MAI to Arbitrum Aave V3 Pool. Voting ended on April 23 with nearly 100% voting YAE.
[TEMP CHECK] - Community Preference for Supply Cap Limits for LSTs. Voting ended on April 24 with 52.41% voting for Option 2 and 47.57% voting for Option 1.
[TEMP CHECK] - Whitelist Stargate for V3 Portals. Voting ended on April 18 with nearly 100% voting YAE.
Risk Rewards Phase 1: CapsRewardsSteward. Voting ended on April 17 with nearly 100% voting for “Yes 100% max increase per five days.”

Active Aave Requests for Comment (ARFC):

[ARFC] stMATIC SupplyCap Increase Polygon v3
[ARFC] Aave V2 Interest Rate Curve Recommendations from Gauntlet (2023-04-21)
[ARFC] Chaos Labs Supply and Borrow Cap Updates - 04.21.2032
[ARFC] Polygon v2 - Parameter Update
[ARFC] Polygon v3 BAL Supply & Borrow Cap Increase
[ARFC] Modify Snapshot Proposal Threshold
[ARFC] Private Voting for Aave Governance [2-month Trial]
[ARFC] wMATIC Risk Parameter Update Polygon v3
[ARFC] Gauntlet E-Mode Methodology: Aave V3 Liquide Staking Tokens
[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Polygon - 2023.04.23
[ARFC] Migrate & Consolidate Polygon Treasury
[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool
[ARFC] Increase Supply Cap for wstETH Aave V3 Arbitrum
[ARFC] Add LUSD to Aave v3 on Arbitrum

Active TEMP CHECKS:

[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH Balancer v1 Pool to Balancer v2
[TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates
[TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT)
[TEMP CHECK] Safety Module Upgrade Part IV - Incentives Management Upgrade
[TEMP CHECK] Safety Module Upgrade Part V - veToken Holding Management Framework
[TEMP CHECK] Safety Module Upgrade Part VI - Future considerations
[TEMP CHECK] Gas Fee Rebate for On-Chain Votes
[TEMP CHECK] Allocation of 300k OP Received by Aave Grants DAO
[TEMP CHECK] Aave x Messari Protocol Services

In the Forums

@ChaosLabs provides LSD methodology update
Aave Grants DAO delegates to @Llamaxyz proposal power
Gauntlet’s recommendations for EURS on V3 Polygon, soon to go to AIP
@0xmigi presents the March updates for the Aave Grants DAO
Some updates on launching Aave V3 on Metis
Delegate platform updates from @WintermuteGovernance, @lbsblockchain, @TokenLogic, @HKUST_EPI_BLOCKCHAIN, and Flipside.
Llama presents their Q1 2023 financial report for Aave

duncand · May 1, 2023, 3:08pm

Week of April 24, 2023

Highlights

The Snapshot proposal to establish the community’s preference around GHO genesis parameters is live until May 3. Will it be Option A or Option B?

Meanwhile BDG Labs discovered an “inconsistency” in a couple of configured parameters of their own proposal and so canceled AIP 208 — and re-submitted as AIP 213.

The AIP to activate the Aave v3 Metis pool goes live tomorrow.

Proposals

Aave Improvement Proposals (AIPs):

Upgrade Aave V3 pools to Aave V3.0.2 (213). Voting begins on May 2.
Aave Metis V3 (212). Voting begins on May 2.
BAL Interest Rate Upgrade (211). Succeeded with 100% voting YAE and was executed on April 30.
Add wstETH to Polygon Aave v3 (210). Succeeded with 100% voting YAE and was executed on April 30.
Increase SupplyCap stMATIC Polygon & wETH Arbitrum (209). Succeeded with 100% voting YAE and was executed on April 30.
Upgrade Aave V3 pools to Aave V3.0.2 (208). Canceled on April 28.
Risk Parameter Updates for Aave V3 Polygon (2023-04-21) (207). Succeeded with 100% voting YAE and was executed on April 30.

On Snapshot:

[ARFC] Polygon v2 - Parameter Update. Voting begins on May 1.
[TEMP CHECK] Aave V3 GHO Genesis Parameters. Voting ends on May 3.
[ARFC] Aave V2 Interest Rate Curve Changes (2023-04-21). Voting ends on May 5.
[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Polygon - 2023.04.23. Ended on April 30 with nearly 100% voting YAE.
WAVAX Borrow Cap Update - V3 Avalanche - 04.21.2023. Ended on April 30 with nearly 96% voting YAE.
[ARFC] MaticX Supply Cap Increase Polygon v3. Voting ends on May 1.
[TEMP CHECK] Gas Fee Rebate for On-Chain Votes. Voting ends on May 1.
[ARFC] Private Voting for Aave Governance [2-month Trial]. Voting ends on May 1.
[ARFC] Deprecate Aave V2 AMM Market. Ended on April 28 with nearly 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] GHO Facilitator Onboarding Process and Application
[ARC] Gauntlet Recommendations for Polygon V3 and Arbitrum V3
[ARFC] Aave V3 Interest Rate Curve Recommendations from Gauntlet (2023-04-27)
[ARFC] Modify Snapshot Proposal Threshold
[ARFC] Aave V3 Deployment on zkEVM L2
[ARFC] Gauntlet E-Mode Methodology: Aave V3 Liquide Staking Tokens

Active TEMP CHECKS:

[TEMP CHECK] - Separating AAVE Utility and Depositor Protection
[TEMP CHECK] Aave x Messari Protocol Services
[TEMP CHECK] Add ARB to Arbitrum Aave v3
[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH Balancer v1 Pool to Balancer v2
[TEMP CHECK] Aave Bug Bounty Program on Immunefi

In the Forums

Discussions of the Aave Forest continue
Delegate platform updates from @lbsblockchain, @WintermuteGovernance, @HKUST_EPI_BLOCKCHAIN, and StableLab.
More thoughts on the Safety Module, from @seawolf of Gauntlet.

Discord & Twitter

UK to improve taxation of DeFi?
Aave Grants DAO identifies March grantees, six new ones
The latest Aave news
Butter unpacks data from the recent Aave delegate election

duncand · May 8, 2023, 1:43pm

Week of May 1, 2023

Highlights

The AIP to upgrade the Safety Module is live until May 11 and — since its a “long executor” proposal — needs over 1M Aave to reach quorum (and differential). We’re not there yet. Participate if you can!
The Snapshot for GHO Genesis Parameters has concluded, with the community expressing preference for Option A.
Notable discussions and proposals specific to governance this week:
1. Flipside’s @fig has proposed a framework for recognized delegates
2. Flipside has also initiated discussion of a delegate Code of Conduct
3. Private voting on Snapshot has been enabled for Aave since the two-month-trial proposal passed. It will be in effect until July 5, 2023.
4. The discussion re service provider / delegate platform relationship, initiated by @Llamaxyz, continues.
5. Butter’s @noturhandle provides their first Delegate Activity Report.

Proposals

Aave Improvement Proposals (AIPs):

Supply and Borrow Cap Updates Aave V3 (217). Succeeded with 100% voting YAE and is queued for execution.
Risk Parameter Updates Aave V3 Polygon (216). Succeeded with 100% voting YAE and is queued for execution.
Gauntlet Recommendations for Polygon V3 and Arbitrum V3 (215). Succeeded on May 7 with 100% voting YAE.
Upgrade the safety module to v1.5 PART 1 (214). Voting ends May 11.
Upgrade Aave V3 pools to Aave V3.0.2 (213). Succeeded with 100% voting YAE and is queued for execution.
Aave Metis V3 (212). Succeeded with 100% voting YAE and was executed on May 5.

On Snapshot:

[ARFC] E-Mode Specific Supply and Borrow Caps. Voting ends on May 12.
[ARFC] - GHO Facilitator Onboarding Process and Application. Voting ends on May 9.
[ARFC] Aave V3 Interest Rate Curve Changes (20203-04-27). Voting ends on May 11.
[TEMP CHECK] Allocation of 300k OP Received by Aave Grants DAO. Ended on May 7 with nearly 100% voting YAE.
Aave Bug Bounty Program on Immunefi. Ended on May 5 with nearly 100% voting For.
[ARFC] Modify Snapshot Proposal Threshold. Ended on May 7 with nearly 100% voting YAE.
[ARFC] Polygon v2 - Parameter Update. Ended on May 1 with nearly 100% voting for Option 2.
[TEMP CHECK] Aave V3 GHO Genesis Parameters. Ended on May 3 with nearly 62% voting for Option A.
[ARFC] Aave V2 Interest Rate Curve Changes (2023-04-21). Ended on May 5 with nearly 100% voting YAE.
[ARFC] MaticX Supply Cap Increase Polygon v3. Ended on May 1 with nearly 56% voting for Option 2.
[TEMP CHECK] Gas Fee Rebate for On-Chain Votes. Ended on May 1 with just over 87% voting YAE.
[ARFC] Private Voting for Aave Governance [2-month Trial]. Ended on May 1 with over 64% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] wstETH Supply Cap Increase Arbitrum v3
[ARC] Framework For Recognized Delegates
[ARFC] Increase wstETH Supply Cap on Polygon v3
[ARFC] Increase stMATIC Supply Cap
[ARC] Onboard rETH (rocket pool ETH) to Aave V3 Ethereum Market
[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool
[ARC] Delegate Code Of Conduct
[ARFC] Modify Snapshot Proposal Threshold
[ARFC] Initiate ETH Correlated E-mode on Optimism

Active TEMP CHECKS:

[TEMP CHECK] Add ARB to Arbitrum Aave v3
[TEMP CHECK] Add Support for fUSDC on Ethereum V3 Pool
[TEMP CHECK] Aave x Messari Protocol Services
[TEMP CHECK] Aave V3 deployment on zkSync Era Mainnet

In the Forums

More discussion of Aave Governance V3
More thoughts on the Aave Forest
@raho announces Messari’s governance alerts for Aave
Active liquidity management on AMMs for GHO with Mellow
@ChaosLabs provides their community update for the month of April
Delegate platform updates from @WintermuteGovernance, @lbsblockchain, @HKUST_EPI_BLOCKCHAIN, and @Kene_StableLab.

duncand · May 15, 2023, 2:40pm

Week of May 8, 2023

Highlights

The AIP to upgrade the Safety Module succeeded with well over 1M AAVE in the YAE column. Part 2 has also passed, as BGD Labs notes in the forum.
@llamaxyz has broken the original Ethereum collector contract proposal into three separate Snapshot proposals (see below).
The proposal to increase MaticX Supply Cap on Polygon v3, which was combined with a correction of the Aave Grants DAO aUSDT allowance, failed — in part due to “differing scopes” with the combined proposal, which had been put forward in this way to “reduce governance overhead.” Forum discussion here.
Gauntlet and BGD Labs highlight an important improvement to the pricing mechanism for LSTs on Aave — via the Chainlink Synchronicity Price Adapter.
@MarcZeller proposes converting Aave DAO awETH holdings to liquid staking tokens — and a spirited exchange follows.
Keep abreast of other Aave News!

Proposals

Aave Improvement Proposals (AIPs):

LST Supply Cap Increase Polygon & Arbitrum (225). Voting ends on May 16.
Aave V2 Interest Rate Curve Changes (4/21) (224). Voting ends on May 15.
Supply and Borrow Cap Updates Aave V3 (223). Succeeded with 100% voting YAE and is queued for execution.
Risk Parameter Updates Aave V3 Polygon (222). Succeeded with 100% voting YAE and is queued for execution.
Upgrade the safety module to v1.5 PART 2 (221). Succeeded with 100% voting YAE and is queued for execution.
MaticX Supply Cap Increase Polygon v3 and AGD Approval (220). Failed on May 12 with 92% voting NAY.
Add MAI to Aave Arbitrum V3 pool (219). Succeeded with 100% voting YAE and was executed on May 13.
Add MAI to Aave Optimism V3 pool (218). Succeeded with 100% voting YAE and was executed on May 13.
Gauntlet Recommendations for Polygon V3 and Arbitrum V3 (215). ********Succeeded with 100% voting YAE and was executed on May 9.
Upgrade the safety module to v1.5 PART 1 (214). Succeeded with 100% voting YAE and is queued for execution.

On Snapshot:

[ARFC] BUSD OffboardingPlan Part II. Voting ends on May 19.
[ARFC] Activate emode for rETH Aave Ethereum V3 Pool. Voting ends on May 19.
[TEMP CHECK] - Add support for fUSDC on Ethereum v3. Voting ends on May 19.
[TEMP CHECK] Add support for RPL on Ethereum v3. Voting ends on May 19.
[ARFC] Acquire BB-A-USD and deposit 50% into both Balancer and Aura Finance. Voting ends on May 19.
[ARFC] Migrate Holdings from v2 to v3 and acquire wstETH and rETH. Voting ends on May 19.
[ARFC] Consolidate Collector Contract & Secure Service Provider Runway. Voting ends on May 17.
[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool. Voting ends on May 19.
[ARFC] Add LUSD Arbitrum v3. Voting ends on May 19.
[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH. Ended May 13 with just over 64% voting YAE - 80/20 AAVE/wstETH
[TEMP CHECK] Defining the Service Provider & Delegation Platform Relationship. Ended on May 13 with almost 68% voting YAE - Option 2.
[ARFC] E-Mode Specific Supply and Borrow Caps. Ended on May 12 with almost 52% voting for Option 2.
[ARFC] - GHO Facilitator Onboarding Process and Application. Ended on May 9 with almost 100% voting YAE.
[ARFC] Aave V3 Interest Rate Curve Changes (20203-04-27). Ended on May 11 with almost 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] Treasury Management - Convert DAO awETH Holdings to Liquid Staking Tokens
[ARC] Framework For Recognized Delegates
[ARFC] Metis, WETH Supply Cap Increase Metis V3
[ARFC] Add FRAX to Ethereum Aave v3
[ARFC] Risk Parameter Updates for Aave V3 AVAX 2023-05-11
[ARFC] Gauntlet and BDG Chainlink Synchronicity Price Adapter 2.0
[ARFC] Gauntlet E-Mode Methodology: Aave V3 Liquid Staking Tokens

Active TEMP CHECKS:

[TEMP CHECK] Add ARB to Arbitrum Aave v3

In the Forums

BDG Labs details the bug bounties it recommends for discoveries over the past few months
Delegate platform updates from @lbsblockchain, Aave Chan Initiative, @PennBlockchain, and @Kene_StableLab
@ChaosLabs announces the launch of their Aave Asset Listing Portal
@spartan has created a subgraph for the Metis Aave V3 market
@Gauntlet updates for the month of April
@bgdlabs reflects and reports on 365 days of working with Aave, and looks ahead

duncand · May 22, 2023, 4:28pm

Week of May 15, 2023

Highlights

Hot off the press: @MarcZeller introduces “Skyward,” a free service from the Aave Chan Initiative “that aims to streamline the journey of Aave DAO proposals from inception to final vote.”
The proposals for a delegate code of conduct and for a framework for recognized delegates are live on Snapshot.
There were some issues with AIP 224, affecting Aave v2 Polygon. AIP 230 (see below) provides the fix.

Proposals

Aave Improvement Proposals (AIPs):

wMATIC Supply & Borrow Cap Increase Polygon v3 (231). Voting ends on May 23.
Fix rate strategies issue on Aave v2 Polygon (230). Voting ends on May 23.
MaticX Supply Cap Increase Polygon v3 (229). Executed on May 21.
AGD Approval (228). Executed on May 21.
Aave V3 Interest Rate Curve Changes (4/27) (227). Queued for execution.
Risk Parameter Updates for Ethereum v3 (05/09/2023) (226). Queued for execution.
LST Supply Cap Increase Polygon & Arbitrum (225). Executed on May 17.
Aave V2 Interest Rate Curve Changes (4/21) (224). Executed on May 16.

On Snapshot:

[ARC] Delegate Code of Conduct. Voting ends on May 25.
[ARC] Framework for Recognized Delegates. Voting ends on May 25.
[TEMP CHECK] FlashMinter Facilitator Approval. Voting ends on May 24.
[TEMP CHECK] Add ARB to Arbitrum Aave v3. Voting ends on May 22.
[ARFC] Add 1INCH to Aave V3 Ethereum. Ended on May 20 with nearly 100% voting YAE.
[ARFC] Add ENS to Aave V3 Ethereum. Ended on May 20 with almost 83% voting YAE.
[ARFC] BUSD OffboardingPlan Part II. Ended on May 19 with nearly 100% voting YAE.
[ARFC] Activate emode for rETH Aave Ethereum V3 Pool. Ended on May 19 with nearly 100% voting YAE.
[TEMP CHECK] - Add support for fUSDC on Ethereum v3. Ended on May 19 with 68.55% voting YAE.
[TEMP CHECK] Add support for RPL on Ethereum v3. Ended on May 19 with nearly 100% voting YAE.
[ARFC] Acquire BB-A-USD and deposit 50% into both Balancer and Aura Finance. Ended on May 19 with 84.35% voting YAE.
[ARFC] Migrate Holdings from v2 to v3 and acquire wstETH and rETH. Ended on May 19 with 83% voting YAE.
[ARFC] Consolidate Collector Contract & Secure Service Provider Runway. Ended on May 17 with nearly 100% voting YAE.
[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool. Ended on May 19 with 100% voting YAE.
[ARFC] Add LUSD Arbitrum v3. Ended on May 19 with 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARC] Harmony Recovery
[ARFC] Polygon v3 Supply Cap Update 2023.05.21
[ARFC] Optimism Create ETH E-Mode
[ARFC] Optimism v3 Supply Cap Update
[ARFC] wMATIC Supply & Borrow Cap Increase Polygon v3
[ARFC] Ethereum v3 Supply Cap Update
[ARFC] Ethereum v3 Supply Cap Update Part 2
[ARFC] wstETH Supply Cap Increase Arbitrum v3
[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Ethereum - 2023.05.18
[ARFC] wstETH Supply Cap Increase :: Ethereum v3
[ARFC] Metis, WETH Supply Cap Increase Metis V3
[ARFC] Treasury Management - Convert DAO awETH Holdings to Liquid Staking Tokens
Add SUSHI to Aave V3 on Mainnet

Active TEMP CHECKS:

[TEMP CHECK] Freeze MAI from Aave

In the Forums

@Pauljlei updates the community that Gauntlet will not be moving forward with the changes signaled by the following Snapshot: E-Mode Parameter Changes for V3 Avalanche, Optimism, Polygon, and Arbitrum.
@Llamaxyz provides information about how the CoW Swap trade will be be implemented to carry out part of the BAL & aBAL deployment approved via Snapshot in March.
Delegate platform updates from @0xkeyrock.eth, @lbsblockchain, @TokenLogic, @PennBlockchain, and @HKUST_EPI_BLOCKCHAIN.
@MCERFSR provides a “sneak peek” into what Certora “has been up to in the past couple of months.”
Some more discussion of the bug bounties suggested by BGD Labs.

duncand · May 29, 2023, 6:20pm

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Week of May 22, 2023

Highlights

The eight values articulated in the delegate code of conduct were ratified and the framework for recognized delegates was approved on Snapshot.
The Caps Plus Risk Steward proposal has been executed, which means that the RISK_COUNCIL (a Gnosis Safe controlled by Gauntlet and Chaos Labs) can perform cap increases under specific conditions — reducing governance overhead.
Also please note the e-mode changes across chains in AIP 233 below.

Proposals

Aave Improvement Proposals (AIPs):

DeFi Saver Aave V3 FlashBorrowers Whitelist Part II (235). Queued for execution.
Caps Plus Risk Steward (234). Executed on May 28.
Aave Stablecoin E-mode changes for V3 Avalanche, Optimism, Polygon, and Arbitrum (233). Executed on May 27.
Activate Emode for rETH Aave Ethereum V3 (232). Executed on May 27.
wMATIC Supply & Borrow Cap Increase Polygon v3 (231). Executed on May 24.
Fix rate strategies issue on Aave v2 Polygon (230). Executed on May 24.

On Snapshot:

[TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT). Voting ends on June 1.
[TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates. Voting ends on June 1.
[ARFC] Optimism Create ETH E-Mode. Voting ends on June 1.
[ARFC] Optimism v3 Supply Cap Update. Voting ends on June 1.
[ARFC] Polygon Supply Cap Update 23.05.2023. Voting ends on June 1.
[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Ethereum - 2023.05.18. Ended on May 28 with nearly 100% voting YAE.
[ARC] Delegate Code of Conduct. All eight values ratified on May 25.
[ARC] Framework for Recognized Delegates. Ended on May 25 with nearly 100% voting YAE.
[TEMP CHECK] FlashMinter Facilitator Approval. Ended on May 24 with nearly 100% voting FOR.
[TEMP CHECK] Add ARB to Arbitrum Aave v3. Ended on May 22 with 86.96% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] Add fUSDC to Ethereum v3
[ARFC] Add RPL to Ethereum v3
[ARFC] Add ARB to Arbitrum Aave v3
[ARFC] Add FRAX Arbitrum Aave v3
[ARC] Add GMX toArbitrum v3
[ARC] Harmony Recovery

Active TEMP CHECKS:

[TEMP CHECK] Aave V3 Deployment on Base
[TEMP CHECK] Safety Module Upgrade Part IV - Incentives Management Upgrade

In the Forums

@Gauntlet recommends Synchronicity Price Adapter “killswitch” functionality for LST emode
Aave v2 Polygon is working normally again
Prioritizing cap space for stkAAVE holders, from @Portkey
@bgdlabs presents an update on operational oracles
The April 2023 financial report, from @Llamaxyz
Delegate platform updates from @lbsblockchain and @HKUST_EPI_BLOCKCHAIN.

On Twitter

What is a DAO? a video from a series by the Blockchain Education Network, funded by in part by Aave Grants DAO.

duncand · June 5, 2023, 2:16pm

Week of May 29, 2023

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Highlights

The process put forward in the Caps Plus Risk Steward proposal, which was executed some nine days ago, is already being used by @ChaosLabs and @Gauntlet, reducing governance overhead as expected.
The Aave Chan Initiative last week introduced Orbit, “a delegate platform funding initiative that aims to professionalize the Aave DAO governance and reward top current contributors who are not currently compensated for this role.”
You’ve probably noticed that we’re well into the two-month trial of shielded voting in Snapshot, powered by Shutter.
You can now see your transaction history in the Aave app interface.

Proposals

Aave Improvement Proposals (AIPs):

Price Feeds Operational Update (236). Executed on June 3.
DeFi Saver Aave V3 FlashBorrowers Whitelist Part II (235). Executed on May 29.

On Snapshot:

[ARFC] Add RPL to Ethereum v3. Ended on June 5 with nearly 100% voting YAE.
[ARFC] Add fUSDC to Ethereum v3. Ended on June 3 with 80.29% voting YAE.
[ARFC] Optimism Create ETH E-Mode. Ended on June 1 with nearly 100% voting YAE.
[TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT). Ended on June 1 with 82.36% voting YAE.
[TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates. Ended on June 1 with 82.38% voting YAE.
[ARFC] Optimism v3 Supply Cap Update. Ended on June 1 with 40.9% voting ABSTAIN, 33.55% voting YAE for Gauntlet’s parameters, and 25.55% voting YAE for those proposed by Chaos Labs.
[ARFC] Polygon Supply Cap Update 23.05.2023. Ended on June 1 with nearly 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] Increase Supply Caps for LSTs on AAVE V3
[ARFC] wMATIC Supply & Borrow Cap Increase Polygon v3 2023.06.01
[ARFC] Pyth to Support Aave on Optimism as a Secondary Oracle
[ARFC] Add FRAX Arbitrum Aave v3
[ARFC] Add GUSD to Aave V3 Ethereum
[ARFC] Add USDP to Aave V3 Ethereum
[ARC] Add SUSHI to Aave V3 on Mainnet
[ARFC] Gas Rebate for Recognized Delegates
[ARFC] Add FRAX to Aave V3 Ethereum

Active TEMP CHECKS:

[TEMP CHECK] Aave v3 MVP deployment on Scroll mainnet
(TEMP CHECK) GHO Stewards: Agile Parameter Changes
[TEMP CHECK] Integrating MakerDAO’s DSR into Aave V3 Ethereum Pool
[TEMP CHECK] Aave V3 Deployment on Base

In the Forums

There is further discussion of Gauntlet’s recommendation of a Synchronicity Price Adapter “killswitch” for LST emode
Delegate platform updates from @lbsblockchain, @TokenLogic, @0xkeyrock.eth, and the Aave Chan Initiative
@Llamaxyz highlights new features on their Aave dashboard, including an Aave Grants Dashboard and a Safety Module Dashboard.
Llama presents a “month 8” update on their areas of focus for the DAO, which include: protocol upgrades; treasury management; analytics; and growth
@ChaosLabs presents highlights of their activities during the month of May

On Twitter

Welcome to the DAO efficiency era, says @lemiscate
Who is going to be the third significant risk contributor to the Aave DAO?

duncand · June 12, 2023, 3:17pm

Week of June 5, 2023

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Highlights

ICYMI: Aave Companies posted a request for comment that proposes to launch GHO, “an Aave native stablecoin.” If approved through the usual process by the Aave DAO, GHO will become live on Ethereum mainnet.
The Risk Stewards — Chaos Labs and Gauntlet — remain quite active in their use of the streamlined process recently approved by governance — while upholding standards.

Proposals

Aave Improvement Proposals (AIPs):

Polygon Supply Cap Update (241). Ends on June 14.
Add LUSD to Arbitrum Aave V3 (240). Failed to reach quorum.
Deprecate Aave V2 AMM Market (239). Executed on June 12.
Update Mai Token implementations, unpause & enable flashloanable (238). Executed on June 11.
BUSD Offboarding Plan Part II (237). Executed on June 9.

On Snapshot:

[ARFC] Add USDP to Aave V3 Ethereum. Ended on June 11 with 53.7% voting YAE.
[ARFC] Add GUSD to Aave V3 Ethereum. Ended on June 11 with 99.78% voting YAE.
[ARFC] Add ARB to Arbitrum Aave v3. Ended on June 9 with 86.92% voting YAE.
[TEMP CHECK] Aave V3 Deployment on Base. Ended on June 9 with 84.2% voting YAE.
[ARFC] Polygon v3 Supply Cap Update 2023.05.21. Ended on June 8 with 82.73% Voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] Add native USDC to the Arbitrum V3 pool
[ARFC] Increase wstETH supply cap on Optimism
[ARFC] Emode Risk Parameters Aave ETH V3 Pool Update
[ARFC] Use Risk Stewards to Increase wstETH Supply Cap
[ARFC] - Risk Stewards - Increase Borrow Cap WETH Arbitrum
[ARFC] Gas Rebate for Recognized Delegates
[ARFC] USDT Risk Parameters Update Aave V3 ETH Pool
[ARFC] GHO Mainnet Launch
[ARC] Add SUSHI to Aave V3 on Mainnet

Active TEMP CHECKS:

[TEMP CHECK] Allocating part of GHO Revenue to Safety Incentives
[TEMP CHECK] Integrating MakerDAO’s DSR into Aave V3 Ethereum Pool
[TEMP CHECK] Aave | Flipside Proposal
[TEMP CHECK] Freeze MAI from Aave

In the Forums

Chaos Labs alerts us to high price volatility and liquidations, likely due to recent SEC filings against Binance and Coinbase.
@Gauntlet provides a recap of their activities during the month of May in the categories of Quantitative Research, Recommendations, Risk Modeling, Risk Monitoring & Alerting, and Feature Upgrades.
@noturhandle presents @TokenLogic’s delegate activity report for the first half of May — an outcome of the incentivized delegate campaign.
Check out delegate platform updates from @lbsblockchain, @WintermuteGovernance, and @0xkeyrock.eth.
The discussion of Gauntlet’s recommendation of a Synchronicity Price Adapter “killswitch” for LST emode continues.
@bgdlabs presents a technical analysis of the Optimism Bedrock upgrade — pointing out that it “should not affect the Aave system.”

On Twitter

Aave Grants DAO highlights grantees Silent Protocol and Anthias.

duncand · June 19, 2023, 4:41pm

Week of June 12, 2023

Highlights

New assets continue to be discussed (and voted on) for addition to Aave V3 on different chains. This is happening in conjunction with deprecation of the V2 AMM market and discussion of next steps in V2 to V3 migration (Ethereum), as presented by @ChaosLabs.
@Flipside’s proposal to assume a contributor role at Aave will soon be up for voting on Snapshot.
We at Boardroom have suggested hosting a biweekly Aave governance call (also suggested in Flipside’s proposal); see our reasoning here.
Check out the proposal from @TokenLogic for initial liquidity pools supporting the GHO launch.

Proposals

Aave Improvement Proposals (AIPs):

Price feeds operational update Pt2 - stETH (248). Ends on June 22.
Risk Parameter Updates Aave V3 Ethereum (247). Queued for execution.
Risk Parameter Updates for AAVE V2 Ethereum (246). Failed on June 18.
Add 1INCH to Aave V3 Ethereum (245). Queued for execution.
Add ENS to Aave V3 Ethereum (244). Queued for execution.
Add LUSD to Arbitrum Aave V3 (243). Executed on June 18.
Add rETH to Arbitrum Aave v3 (242). Executed on June 18.
Polygon Supply Cap Update (241). Executed on June 15.

On Snapshot:

[TEMP CHECK] Aave | Flipside Proposal. Voting starts June 19.
[TEMP CHECK] GHO Liquidity Pools. Voting starts June 19.
[ARFC] Add native USDC to the Arbitrum V3 pool. Ended on June 17 with 100% voting YAE.
[ARFC] Add FRAX Arbitrum Aave v3. Ended on June 17 with 80.22% voting YAE.
[TEMP CHECK] Add GMX to Arbitrum v3. Ended on June 17 with 64.29% voting YAE.
[ARFC] Add FRAX to Ethereum Aave v3. Ended on June 17 with nearly 100% voting YAE.
[TEMP CHECK] Aave v3 MVP deployment on Scroll mainnet. Ended on June 16 with nearly 100% voting YAE.
[TEMP CHECK] Pyth to Support AAVE on Optimism as a Secondary Oracle. Ended on June 15 with 66.9% voting For.

Active Aave Requests for Comment (ARFC):

[ARFC] Chaos Labs Risk Stewards - Increase Supply Caps wstETH Arbitrum and Ethereum
[ARFC]: Supply Cap Updates for Polygon Aave V3, Arbitrum Aave V3 on 2023-06-18
[ARFC] - Whitelist Stargate for V3 Portals
[ARFC] Aave V3 Deployment on Base
[ARFC] Chaos Labs V2 to V3 Migration Next Steps
[ARFC] Chaos Labs Risk Parameter Updates - CRV Aave V2 Ethereum - 2023.06.15
[ARFC] Emode Risk Parameters Aave ETH V3 Pool Update

Active TEMP CHECKS:

[TEMP CHECK] GHO Liquidity Pools
[TEMP CHECK] Gauntlet recommendation on TUSD for Aave v2 Ethereum
[TEMP CHECK] Allocating part of GHO Revenue to Safety Incentives

In the Forums

There has been vigorous discussion around Gauntlet’s recommendation to freeze CRV and set LTV to 0 on Aave v2 Ethereum (the AIP was voted down).
Check out delegate platform updates from @0xkeyrock.eth and @lbsblockchain.
@mattgurbiel from RedStone raises the question of oracle providers for GHO price feeds — which may be a decision left to third party protocols using GHO as collateral, as @MarcZeller notes.
@0xmigi from Aave Grants DAO presents April and “halfway” updates for their fourth renewal. May updates can be found here.
@Llama posts its first “forward guidance” update, which they intend to do regularly going forward.
@polarpunklabs reports on the Aave Case Study recently completed with a colleague and funded by Aave Grants DAO. This case study is intended for use in college/university courses.

On Twitter

Open source is open source, and Aave is not a fork.

duncand · June 26, 2023, 4:02pm

Week of June 19, 2023

Highlights

The discussion following the posting of the Aave | Flipside temp-check proposal (which saw 79.26% voting in favor) has been especially interesting with regard to Aave governance. Check it out.

Proposals

Aave Improvement Proposals (AIPs):

Chaos Labs V2 to V3 Migration Next Steps (252). Succeeded on June 26 with 100% voting YAE.
Add Native USDC To Arbitrum V3 Pool (251). Executed on June 26.
Polygon v2 - Parameter Update (250). Queued for execution.
Treasury Management - Acquire B-80BAL-20WETH (249). Cancelled on June 23.
Price feeds operational update Pt2 - stETH (248). Executed on June 23.
Risk Parameter Updates Aave V3 Ethereum (247). Executed on June 19.
Add 1INCH to Aave V3 Ethereum (245). Executed on June 19.
Add ENS to Aave V3 Ethereum (244). Executed on June 19.

On Snapshot:

[ARFC] Chaos Labs Risk Parameter Update - CRV Aave V3 Polygon - 2023.06.20. Voting starts on June 27.
[ARFC] Chaos Labs - Incremental Reserve Factor Updates - Aave V2 Ethereum. Voting starts on June 27.
[ARFC] USDT Risk Parameters Update Aave V3 ETH Pool. Voting starts on June 27.
[ARFC] Bug bounties proposal. Voting ends June 27.
[ARFC] Gauntlet Recommendation on TUSD for Aave v2 Ethereum. Ended on June 25 with 98.73% voting for Option 1.
[ARFC] - Chaos Labs Risk Parameter Updates - CRV Aave V2 Ethereum - 2023.06.15. Ended on June 23 with nearly 100% voting YAE.
[TEMP CHECK] Aave | Flipside Proposal. Ended on June 22 with 79.26% voting YAE.
[TEMP CHECK] GHO Liquidity Pools. Ended on June 22 with nearly 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[TEMP CHECK] Aave | Flipside Proposal.
[ARFC] Chaos Labs Risk Parameter Updates - Aave V2 Ethereum - 2023.6.23
[ARFC] Chaos Labs Risk Stewards - Increase Caps rETH and wstETH on V3 Arbitrum
[ARFC] Add rETH Aave v3 Optimism
[ARFC] Chaos Labs - Payment Collection Request
[ARFC] Chaos Labs Risk Stewards - Increase Supply Caps on V3 Metis
[ARFC] Chaos Labs Risk Parameter Updates - FEI on Aave V2 Ethereum - 2023.6.22
[ARFC] Aave V3 Deployment on BNB Chain
[ARFC] Add GMX to Arbitrum v3

Active TEMP CHECKS:

[TEMP CHECK] Aave V3 Deployment on Linea Testnet
[TEMP CHECK] Integrating MakerDAO’s DSR into Aave V3 Ethereum Pool

In the Forums

@Boardroom provides the most recent Butter Delegate Activity Report on @TokenLogic
@Gauntlet provides updated options for Synchronicity Price Adapter “killswitch” implementation
Check out delegate platform updates from @lbsblockchain, @Kene_StableLab, and @0xkeyrock.eth

On Twitter

Why Stani is excited about DeFi — more than ever
Llama <> Aave Month 8 Update Twitter space