Week of September 19, 2022
Welcome to Boardroom’s second weekly governance summary for the Aave community. See also Aave Grants DAO’s Aave News #67 and Messari’s Aave Weekly and quickly catch up on all that’s been happening.
Risk Parameter Updates for Aave v2. This proposal, put forward by Gauntlet as part of their regular set of recommendations, seeks to adjust seven risk parameters in accordance with the “moderate risk level” and Risk Off Framework chosen by the Aave community in previous proposals. (Voting ends on September 27.)
Improve Governance Discussion and Voting Processes with Commonwealth. Blockchain at Berkeley partnered with Commonwealth to bring forward this proposal to move the Aave forums from Discourse to the Commonwealth platform, arguing that this change “will increase governance discussion, engagement, and transparency.” See discussion here. (Voting ends on September 27.)
Llama <> Aave. Llama has posted on updated proposal on Snapshot. Llama has a strong history of working with Aave on treasury management, partnerships, and analytics, among other things. These efforts were funded by Aave Grants DAO, which recommended that Llama move away from short-term funding to a more formal, longer-term relationship with Aave DAO. This proposal seeks to enact that idea, suggesting a twelve-month contract to provide services that focus on treasury management, analytics, and growth. The proposal states that Llama’s services will be complementary to the work of Bored Ghosts Developing (BGD) and Gauntlet, both of which also have existing relationships with Aave. The proposal includes a clause allowing Aave DAO to cancel the contract after six months if the community believes Llama’s performance to be sub-par. (Voting ends on September 28.)
Change Admin role of Optimism and Arbitrum V3 markets. This proposal, put forward by @MarcZeller, “intends to replace the community guardian [a 6/10 multisig of elected community members] in favor of Aave governance contracts for the administration of Arbitrum & Optimism V3 markets.” See discussion here. (Voting ends on September 30.)
Vote now on Snapshot!
Provide your feedback on these Aave Requests for Comment (ARCs):
Price manipulation implications for Aave v2. @pauljlei notes that “Recent price manipulation on exchanges, including GMX, may have market risk implications for Aave,” and asks for thoughts from the community.
- Further comments on Chaos Labs’ “Risk Simulation & Platform Proposal.”
Add TRYB to Aave V3 on Avalanche Network, Isolation Mode. Discussion continues.
- Robust frameworks for future deployments of Aave: This thread (which dates back to March), is updated by Gauntlet, which suggests a “governance process specifically for updating risk parameters on Avalanche.”
In the Forums
Harmony Bridge Exploit. Here’s an update on the recovery plan, posted by @HarmonyVillains.
Creation of Aave Africa Community. This is a funding request to support the AAVEA’s six-part mission, which includes increasing “awareness of AAVE blockchain and its use case in solving problems currently affecting Africa as a whole.”
New deployment of Aave v3 on Ethereum? @bgdlabs opens this discussion on the upgrade plan, noting tradeoffs.
The correction of an error in carrying out part of Aave v3 retroactive funding is noted by @AaveCompanies.
Confirmation: bgdlabs announces that “the Aave Guardian has executed the listing of BTC.b on Aave v3 Avalanche,” as previously approved by governance.
Here’s an analytics dashboard for the Aave community, created by Gauntlet.
Delegate platforms: Llama and FranklinDAO update their threads, explaining most recent votes.
Continuous formal verification: @MCERFSR posts Certora’s report for August.
19 Aave community members helped Certora with the Formal verification of Aave v3 token.
Set a reminder for Aave Grants’ AMA Twitter Space with iGain Finance, September 27 at 1PM GMT.
The Harmony Recovery One team have put up a community proposal to “address the bridge incident.”
Is voting for a proposal on chain or off, and do we have to pay fees?
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