Governance Weekly Recap

Week of April 10, 2023

Highlights

  1. BGD has started a discussion around the idea of an “Aave Forest,” a “framework to monitor and protect Aave against potential exploits.”
  2. TokenLogic won Butter’s delegate campaign, which means AAVE holders can delegate to them in a couple of different ways.
  3. 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

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

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