Governance Weekly Recap

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Week of May 22, 2023


  1. The eight values articulated in the delegate code of conduct were ratified and the framework for recognized delegates was approved on Snapshot.
  2. 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.
  3. Also please note the e-mode changes across chains in AIP 233 below.


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


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

In the Forums

On Twitter

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

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

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