Governance Weekly Recap

Governance
35

Week of March 20, 2023

Highlights

  1. @bgdlabs introduced Aave Governance V3, and a good discussion is taking place.
  2. BGD Labs also introduced the idea of Risk Steward contracts, as a pilot program to “simplify a lot of operational/governance overhead.”
  3. @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.
  4. @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

Discord & Twitter

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

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