Week of June 5, 2023
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Highlights
- ICYMI: Aave Companies posted a request for comment that proposes to launch GHO, “an Aave native stablecoin.” If approved through the usual process by the Aave DAO, GHO will become live on Ethereum mainnet.
- The Risk Stewards — Chaos Labs and Gauntlet — remain quite active in their use of the streamlined process recently approved by governance — while upholding standards.
Proposals
Aave Improvement Proposals (AIPs):
- Polygon Supply Cap Update (241). Ends on June 14.
- Add LUSD to Arbitrum Aave V3 (240). Failed to reach quorum.
- Deprecate Aave V2 AMM Market (239). Executed on June 12.
- Update Mai Token implementations, unpause & enable flashloanable (238). Executed on June 11.
- BUSD Offboarding Plan Part II (237). Executed on June 9.
On Snapshot:
- [ARFC] Add USDP to Aave V3 Ethereum. Ended on June 11 with 53.7% voting YAE.
- [ARFC] Add GUSD to Aave V3 Ethereum. Ended on June 11 with 99.78% voting YAE.
- [ARFC] Add ARB to Arbitrum Aave v3. Ended on June 9 with 86.92% voting YAE.
- [TEMP CHECK] Aave V3 Deployment on Base. Ended on June 9 with 84.2% voting YAE.
- [ARFC] Polygon v3 Supply Cap Update 2023.05.21. Ended on June 8 with 82.73% Voting YAE.
Active Aave Requests for Comment (ARFC):
- [ARFC] Add native USDC to the Arbitrum V3 pool
- [ARFC] Increase wstETH supply cap on Optimism
- [ARFC] Emode Risk Parameters Aave ETH V3 Pool Update
- [ARFC] Use Risk Stewards to Increase wstETH Supply Cap
- [ARFC] - Risk Stewards - Increase Borrow Cap WETH Arbitrum
- [ARFC] Gas Rebate for Recognized Delegates
- [ARFC] USDT Risk Parameters Update Aave V3 ETH Pool
- [ARFC] GHO Mainnet Launch
- [ARC] Add SUSHI to Aave V3 on Mainnet
Active TEMP CHECKS:
- [TEMP CHECK] Allocating part of GHO Revenue to Safety Incentives
- [TEMP CHECK] Integrating MakerDAO’s DSR into Aave V3 Ethereum Pool
- [TEMP CHECK] Aave | Flipside Proposal
- [TEMP CHECK] Freeze MAI from Aave
In the Forums
- Chaos Labs alerts us to high price volatility and liquidations, likely due to recent SEC filings against Binance and Coinbase.
- @Gauntlet provides a recap of their activities during the month of May in the categories of Quantitative Research, Recommendations, Risk Modeling, Risk Monitoring & Alerting, and Feature Upgrades.
- @noturhandle presents @TokenLogic’s delegate activity report for the first half of May — an outcome of the incentivized delegate campaign.
- Check out delegate platform updates from @lbsblockchain, @WintermuteGovernance, and @0xkeyrock.eth.
- The discussion of Gauntlet’s recommendation of a Synchronicity Price Adapter “killswitch” for LST emode continues.
- @bgdlabs presents a technical analysis of the Optimism Bedrock upgrade — pointing out that it “should not affect the Aave system.”
On Twitter
- Aave Grants DAO highlights grantees Silent Protocol and Anthias.
Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom