Lots of proposals coming through, as usual of late. A couple of these are re-submissions of proposals that failed to meet quorum. @figposts here with some ideas about how to address that issue.
Freeze Aave V1 (132). This has been resubmitted after failing to reach quorum.
Aave v2 ETH Interest Rate Curve Update (131). This proposal to amend “the ETH interest rate parameters on the Aave Ethereum v2 and v3 Liquidity Pool” was executed on December 18 after 100% voted “YAE.”
Set LDO, stMATIC, MaticX and SD Emission_Admin for Polygon v3 Liquidity Pool (130). This proposal was resubmitted and executed on December 17 after 100% voted “YAE”.
On Snapshot:
[ARFC] BAL Interest Rate Curve Update. Llama proposes to “amend BAL interest rate parameters on the Aave Ethereum v2, Ethereum v3 (when deployed), Polygon v3 and Polygon v2 Liquidity Pools.”
[ARFC] Aave v3 Polygon wMATIC Interest Rate Update. Llama proposes to “amend the wMATIC interest rate parameters on the Aave Polygon v3 Liquidity Pool.”
Authorise the release of Aave <> Chainlink Proof of Reserve for Aave Avalanche. This proposal “authorises BGD to proceed with the release of Aave <> Chainlink Proof of Reserve Phase 1, targeting Aave v2 & v3 Avalanche.”
[ARC] Updated: Gauntlet <> Aave Renewal. This is a revised proposal to continue the engagement for “continuous market risk management.”
[Temp Check] Deploy Aave on Metis. This is a proposal to deploy Aave on the EVM equivalent L2.
[ARFC] Aave DAO Policy Change: Halt Listings on all Aave v1 & v2 Non Permissioned Deployments. This proposal was resubmitted and passed on December 17 with nearly 100% voting “YAE.”
[ARFC] Receipt of Gauntlet Insolvency Fund. This proposal passed on December 16 with almost 93% voting “YAE.”
[ARFC] Ethereum v2 Collector Contract Consolidation. This proposal passed on December 16 with almost 100% voting “YAE.”
[ARFC] Repay Excess CRV Debt on Ethereum v2. Almost 66% voted to “use USDC to acquire CRV” on December 16.
Provide your feedback on these Aave Requests for Comment:
Update renFIL Interest Rate Strategy on Aave v2 Ethereum. BDG Labs says that “the offer/demand dynamics for renFIL” have been “disturbed,” and “recommend lowering to the minimum the parameters of the interest rate strategy, to not accumulate extra growth of renFIL on the borrowing side.”
Chaos Labs <> Aave v2 Coverage. @ChaosLabsproposes “to expand the scope of its engagement with Aave to include proactive risk analysis and management of the v2 markets while encouraging and supporting a safe migration to the upcoming Ethereum v3 deployment.”
Happy New Year to all . Hope everyone had a chance to rest up. It was a quiet week on the proposal and discussion front.
Proposals
On Snapshot:
[ARC] Risk Parameter Updates for Aave V3 Optimism 2022-12-29. A proposal from Gauntlet to adjust the AAVE supply cap on V3 Optimism. (Chaos Labs suggest a different approach.)
Provide your feedback on these active Aave Requests for Comment:
[ARC] Unfreeze Ampleforth for Aave v2 Market. Request posted here, but perhaps should be directed towards v3.
In the Forums
Rescue of locked tokens on Aave. BDG Labs is working on it carefully.
Highlight: the important discussion concerning the launching of Aave V3 Ethereum continues here.
Proposals
Aave Improvement Proposals:
Risk Parameter Updates for Aave V3 Optimism Market (2022-12-29) (140). This proposal succeeded on January 9th with nearly 100% voting “YAE.” See the discussion here, which includes explanations of differing methodologies regarding risk assessment/management.
Chaos Labs V2 Coverage (139). This proposal succeeded on January 6th with 100% voting “YAE.”
On Snapshot:
[Updated] Aave Grants DAO Renewal. A proposal to renew AGD for two quarters at $1.625m per quarter. See the engaging discussion here.
Approve pricing approach for WBTC on Aave. This poll ended on January 9th with 79.86% voting to change the pricing model to use WBTC-based feeds.
[ARC] Risk Parameter Updates for Aave V3 Optimism 2022-12-29. This proposal passed on January 2 with 82.58% voting “YAE.”
Provide your feedback on these active Aave Requests for Comment:
Deploy the RMM V2 with the Aave V3 Version. A proposal from RealT, which “aims to democratize and bring real estate tokenization to everyone.”
In the Forums
Collaboration framework. @ChaosLabspresents ideas for how Aave risk managers can work together productively.
Add OP to Aave V3 on Optimism (141). This proposal passed with 100% voting “YAE” and was executed on January 14.
Snapshot:
[ARC] Aave Ethereum V3 market initial onboarded assets. This proposal ended on January 14 with 85% voting in favor of Chaos Labs’ approach.
Enable Search by UNS + ENS Domains. This proposal ended on January 15 with almost 54% voting “YAE.”
[Updated] Aave Grants DAO Renewal. This proposal passed on January 12 with almost 100% voting “YAE.”
Aave Requests for Comment (ARC/ARFC):
[ARC] onboard rETH (rocket pool ETH) to Aave V3 ethereum market. An “opportunity to add rETH to the Ethereum V3 market as a reserve.”
[ARFC] wETH & wstETH Interest Rate Curve - Ethereum Network. A proposal from @Llamaxyz “to amend wETH and wstETH interest rate parameters on the v2 and v3 deployments.”
[ARC] Compensate Bug Bounty Contributor. Gauntlet suggests that the community compensate the “contributor for risk analysis conducted during market volatility” — specifically related to the REN asset.
“The technical setup for the Aave v3 Ethereum activation is finished,” says BGD Labs, and “the governance proposal to activate Aave v3 Ethereum has been created.” Voting for the AIP is active today.
Separately, many thanks to @Kene_StableNode and Bobbay_StableNode, who posted a v0 of the Aave Finance Governance Process. It “aims to provide an overview of the different roles, flow and pathways for various stakeholders to participate in Aave DAO,” and can be “continuously updated by Aave DAO contributors.”
Proposals
Aave Improvement Proposals (AIPs):
Aave V3 Ethereum (147). This proposal “activates the Aave V3 Ethereum pool (3.0.1), by completing all the initial setup and listing WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE.” (See further discussion of the wETH and wstETH interest rate curve here.)
Repay Excess CRV Debt on Ethereum v2 (146). A proposal to “procure CRV with aUSDC from the Collector Contract for the purpose of repaying the excess debt in the CRV Reserve on the Ethereum v2 liquidity pool.”
Renew Aave Grants DAO (145). This proposal will provide “Aave Grants DAO (AGD) with $3.25m for the next two quarters (Q1 and Q2 2023) to fund more projects that benefit AAVE,” as described in the recent Snapshot.
Ethereum v2 Collector Contract Consolidation (144). This proposal succeeded with 100% voting “YAE” and will be executed on January 23.
Freeze jEUR on Aave v3 Polygon (143). This proposal succeeded with 100% voting “YAE” and will be executed on January 23.
Freeze agEUR on Aave v3 Polygon (142). This proposal failed on January 22 with nearly 100% voting “NAY.”
Now on Snapshot:
[ARC] Compensate Bug Bounty Contributor. This proposal suggests that the community compensate the “contributor for risk analysis conducted during market volatility.”
[ARFC] CRV Interest Rate Curve Upgrade. See the most recent discussion of this proposal for a suggestion to split this proposal into four separate ones.
[ARC] Interest Rate Curve Changes for Aave V2 ETH. This proposal passed on January 20th with 100% voting “YAE.”
Provide your feedback on these Aave Requests for Comment (ARCs):
[ARFC] Repay Excess CRV Debt on Ethereum v2. Although almost 66% voted to “use USDC to acquire CRV” on December 16, the market has shifted considerably and there considerations are [ARFC] Repay Excess CRV Debt on Ethereum v2. Almost 66% voted to “use USDC to acquire CRV” on December 16.
[ARC]: Add support for Origin Dollar (OUSD) on Ethereum V3. A proposal to add “lend/borrow support for the Origin Dollar stablecoin.”
[ARC] UI/UX Upgrade Governance Framework. @AaveCompaniesnotes that “going forward, prospective integrators should reach out to Aave Companies at integrators@aave.com to discuss the process for integrations.”
[ARC] Add Support for wstETH on Arbitrum Aave v3, a proposal from Lido.
[ARC] Add Support for cbETH. Discussion continues as Chaos Labs provides analysis and recommendations.
[ARC] onboard rETH (rocket pool ETH) to Aave V3 ethereum market. Discussion continues, and support is strong.
[ARFC] wETH Interest Rate Curve - Ethereum v2. A proposal from Llama to “amend wETH interest rate parameters on Aave v2 Ethereum.”
[ARC] Compensate Bug Bounty Contributor. This proposal succeeded on January 27th with nearly 100% voting to send 20 AAVE to the “contributor for risk analysis conducted during market volatility.”
Provide your feedback on these Aave Requests for Comment (ARCs):
[ARC] Proposal: Onboarding sfrxETH from Frax Protocol to Aave V3 Ethereum Market.This idea “presents the community with the opportunity to add sfrxETH to the Ethereum V3 market as a reserve.”
[ARFC] LDO Emission_Admin for Ethereum, Arbitrum and Optimism v3 Liquidity Pools. This proposal would “enable Lido to distribute LDO rewards across the Aave v3 Ethereum, Arbitrum and Optimism Liquidity Pools.”
[ARC] Gauntlet Borrow/Supply Cap Updates for Aave v3 OP and Aave v3 AVAX. Two options are presented, with different assumptions.
[ARC]: Onboard Gamma Strategies’ USDC/GHO Uni v3 Collateral to Mint GHO. Discussion continues with a contribution from FranklinDAO.
[ARC] Add Support for cbETH. Discussion continues.
[ARC] onboard rETH (rocket pool ETH) to Aave V3 ethereum market. Discussion continues.
[ARFC] Repay Excess CRV Debt on Ethereum v2. Some discussion continues.
On Snapshot:
. Hope everyone had a chance to rest up. It was a quiet week on the proposal and discussion front.
