Governance Weekly Recap

Governance
34

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 @AaveLabs 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

:speaking_head: 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.

:speaking_head: 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.

:speaking_head: 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?

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