Governance Weekly Recap

Week of May 29, 2023

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Highlights

  1. The process put forward in the Caps Plus Risk Steward proposal, which was executed some nine days ago, is already being used by @ChaosLabs and @Gauntlet, reducing governance overhead as expected.
  2. The Aave Chan Initiative last week introduced Orbit, “a delegate platform funding initiative that aims to professionalize the Aave DAO governance and reward top current contributors who are not currently compensated for this role.”
  3. You’ve probably noticed that we’re well into the two-month trial of shielded voting in Snapshot, powered by Shutter.
  4. You can now see your transaction history in the Aave app interface.

Proposals

Aave Improvement Proposals (AIPs):

  • Price Feeds Operational Update (236). Executed on June 3.
  • DeFi Saver Aave V3 FlashBorrowers Whitelist Part II (235). Executed on May 29.

On Snapshot:

  • [ARFC] Add RPL to Ethereum v3. Ended on June 5 with nearly 100% voting YAE.
  • [ARFC] Add fUSDC to Ethereum v3. Ended on June 3 with 80.29% voting YAE.
  • [ARFC] Optimism Create ETH E-Mode. Ended on June 1 with nearly 100% voting YAE.
  • [TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT). Ended on June 1 with 82.36% voting YAE.
  • [TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates. Ended on June 1 with 82.38% voting YAE.
  • [ARFC] Optimism v3 Supply Cap Update. Ended on June 1 with 40.9% voting ABSTAIN, 33.55% voting YAE for Gauntlet’s parameters, and 25.55% voting YAE for those proposed by Chaos Labs.
  • [ARFC] Polygon Supply Cap Update 23.05.2023. Ended on June 1 with nearly 100% voting YAE.

Active Aave Requests for Comment (ARFC):

  • [ARFC] Increase Supply Caps for LSTs on AAVE V3
  • [ARFC] wMATIC Supply & Borrow Cap Increase Polygon v3 2023.06.01
  • [ARFC] Pyth to Support Aave on Optimism as a Secondary Oracle
  • [ARFC] Add FRAX Arbitrum Aave v3
  • [ARFC] Add GUSD to Aave V3 Ethereum
  • [ARFC] Add USDP to Aave V3 Ethereum
  • [ARC] Add SUSHI to Aave V3 on Mainnet
  • [ARFC] Gas Rebate for Recognized Delegates
  • [ARFC] Add FRAX to Aave V3 Ethereum

Active TEMP CHECKS:

  • [TEMP CHECK] Aave v3 MVP deployment on Scroll mainnet
  • (TEMP CHECK) GHO Stewards: Agile Parameter Changes
  • [TEMP CHECK] Integrating MakerDAO’s DSR into Aave V3 Ethereum Pool
  • [TEMP CHECK] Aave V3 Deployment on Base

In the Forums

On Twitter

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

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