Governance Weekly Recap

Week of April 3, 2023

Highlights

  1. The delegate election for Butter’s incentivized delegate campaign is active until noon today (April 10).
  2. 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

Discord & Twitter

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