Governance Weekly Recap

duncand · May 8, 2023, 1:43pm

Week of May 1, 2023

Highlights

The AIP to upgrade the Safety Module is live until May 11 and — since its a “long executor” proposal — needs over 1M Aave to reach quorum (and differential). We’re not there yet. Participate if you can!
The Snapshot for GHO Genesis Parameters has concluded, with the community expressing preference for Option A.
Notable discussions and proposals specific to governance this week:
1. Flipside’s @fig has proposed a framework for recognized delegates
2. Flipside has also initiated discussion of a delegate Code of Conduct
3. Private voting on Snapshot has been enabled for Aave since the two-month-trial proposal passed. It will be in effect until July 5, 2023.
4. The discussion re service provider / delegate platform relationship, initiated by @Llamaxyz, continues.
5. Butter’s @noturhandle provides their first Delegate Activity Report.

Proposals

Aave Improvement Proposals (AIPs):

Supply and Borrow Cap Updates Aave V3 (217). Succeeded with 100% voting YAE and is queued for execution.
Risk Parameter Updates Aave V3 Polygon (216). Succeeded with 100% voting YAE and is queued for execution.
Gauntlet Recommendations for Polygon V3 and Arbitrum V3 (215). Succeeded on May 7 with 100% voting YAE.
Upgrade the safety module to v1.5 PART 1 (214). Voting ends May 11.
Upgrade Aave V3 pools to Aave V3.0.2 (213). Succeeded with 100% voting YAE and is queued for execution.
Aave Metis V3 (212). Succeeded with 100% voting YAE and was executed on May 5.

On Snapshot:

[ARFC] E-Mode Specific Supply and Borrow Caps. Voting ends on May 12.
[ARFC] - GHO Facilitator Onboarding Process and Application. Voting ends on May 9.
[ARFC] Aave V3 Interest Rate Curve Changes (20203-04-27). Voting ends on May 11.
[TEMP CHECK] Allocation of 300k OP Received by Aave Grants DAO. Ended on May 7 with nearly 100% voting YAE.
Aave Bug Bounty Program on Immunefi. Ended on May 5 with nearly 100% voting For.
[ARFC] Modify Snapshot Proposal Threshold. Ended on May 7 with nearly 100% voting YAE.
[ARFC] Polygon v2 - Parameter Update. Ended on May 1 with nearly 100% voting for Option 2.
[TEMP CHECK] Aave V3 GHO Genesis Parameters. Ended on May 3 with nearly 62% voting for Option A.
[ARFC] Aave V2 Interest Rate Curve Changes (2023-04-21). Ended on May 5 with nearly 100% voting YAE.
[ARFC] MaticX Supply Cap Increase Polygon v3. Ended on May 1 with nearly 56% voting for Option 2.
[TEMP CHECK] Gas Fee Rebate for On-Chain Votes. Ended on May 1 with just over 87% voting YAE.
[ARFC] Private Voting for Aave Governance [2-month Trial]. Ended on May 1 with over 64% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] wstETH Supply Cap Increase Arbitrum v3
[ARC] Framework For Recognized Delegates
[ARFC] Increase wstETH Supply Cap on Polygon v3
[ARFC] Increase stMATIC Supply Cap
[ARC] Onboard rETH (rocket pool ETH) to Aave V3 Ethereum Market
[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool
[ARC] Delegate Code Of Conduct
[ARFC] Modify Snapshot Proposal Threshold
[ARFC] Initiate ETH Correlated E-mode on Optimism

Active TEMP CHECKS:

[TEMP CHECK] Add ARB to Arbitrum Aave v3
[TEMP CHECK] Add Support for fUSDC on Ethereum V3 Pool
[TEMP CHECK] Aave x Messari Protocol Services
[TEMP CHECK] Aave V3 deployment on zkSync Era Mainnet

In the Forums

More discussion of Aave Governance V3
More thoughts on the Aave Forest
@raho announces Messari’s governance alerts for Aave
Active liquidity management on AMMs for GHO with Mellow
@ChaosLabs provides their community update for the month of April
Delegate platform updates from @WintermuteGovernance, @lbsblockchain, @HKUST_EPI_BLOCKCHAIN, and @Kene_StableLab.

duncand · May 15, 2023, 2:40pm

Week of May 8, 2023

Highlights

The AIP to upgrade the Safety Module succeeded with well over 1M AAVE in the YAE column. Part 2 has also passed, as BGD Labs notes in the forum.
@llamaxyz has broken the original Ethereum collector contract proposal into three separate Snapshot proposals (see below).
The proposal to increase MaticX Supply Cap on Polygon v3, which was combined with a correction of the Aave Grants DAO aUSDT allowance, failed — in part due to “differing scopes” with the combined proposal, which had been put forward in this way to “reduce governance overhead.” Forum discussion here.
Gauntlet and BGD Labs highlight an important improvement to the pricing mechanism for LSTs on Aave — via the Chainlink Synchronicity Price Adapter.
@MarcZeller proposes converting Aave DAO awETH holdings to liquid staking tokens — and a spirited exchange follows.
Keep abreast of other Aave News!

Proposals

Aave Improvement Proposals (AIPs):

LST Supply Cap Increase Polygon & Arbitrum (225). Voting ends on May 16.
Aave V2 Interest Rate Curve Changes (4/21) (224). Voting ends on May 15.
Supply and Borrow Cap Updates Aave V3 (223). Succeeded with 100% voting YAE and is queued for execution.
Risk Parameter Updates Aave V3 Polygon (222). Succeeded with 100% voting YAE and is queued for execution.
Upgrade the safety module to v1.5 PART 2 (221). Succeeded with 100% voting YAE and is queued for execution.
MaticX Supply Cap Increase Polygon v3 and AGD Approval (220). Failed on May 12 with 92% voting NAY.
Add MAI to Aave Arbitrum V3 pool (219). Succeeded with 100% voting YAE and was executed on May 13.
Add MAI to Aave Optimism V3 pool (218). Succeeded with 100% voting YAE and was executed on May 13.
Gauntlet Recommendations for Polygon V3 and Arbitrum V3 (215). ********Succeeded with 100% voting YAE and was executed on May 9.
Upgrade the safety module to v1.5 PART 1 (214). Succeeded with 100% voting YAE and is queued for execution.

On Snapshot:

[ARFC] BUSD OffboardingPlan Part II. Voting ends on May 19.
[ARFC] Activate emode for rETH Aave Ethereum V3 Pool. Voting ends on May 19.
[TEMP CHECK] - Add support for fUSDC on Ethereum v3. Voting ends on May 19.
[TEMP CHECK] Add support for RPL on Ethereum v3. Voting ends on May 19.
[ARFC] Acquire BB-A-USD and deposit 50% into both Balancer and Aura Finance. Voting ends on May 19.
[ARFC] Migrate Holdings from v2 to v3 and acquire wstETH and rETH. Voting ends on May 19.
[ARFC] Consolidate Collector Contract & Secure Service Provider Runway. Voting ends on May 17.
[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool. Voting ends on May 19.
[ARFC] Add LUSD Arbitrum v3. Voting ends on May 19.
[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH. Ended May 13 with just over 64% voting YAE - 80/20 AAVE/wstETH
[TEMP CHECK] Defining the Service Provider & Delegation Platform Relationship. Ended on May 13 with almost 68% voting YAE - Option 2.
[ARFC] E-Mode Specific Supply and Borrow Caps. Ended on May 12 with almost 52% voting for Option 2.
[ARFC] - GHO Facilitator Onboarding Process and Application. Ended on May 9 with almost 100% voting YAE.
[ARFC] Aave V3 Interest Rate Curve Changes (20203-04-27). Ended on May 11 with almost 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARFC] Treasury Management - Convert DAO awETH Holdings to Liquid Staking Tokens
[ARC] Framework For Recognized Delegates
[ARFC] Metis, WETH Supply Cap Increase Metis V3
[ARFC] Add FRAX to Ethereum Aave v3
[ARFC] Risk Parameter Updates for Aave V3 AVAX 2023-05-11
[ARFC] Gauntlet and BDG Chainlink Synchronicity Price Adapter 2.0
[ARFC] Gauntlet E-Mode Methodology: Aave V3 Liquid Staking Tokens

Active TEMP CHECKS:

[TEMP CHECK] Add ARB to Arbitrum Aave v3

In the Forums

BDG Labs details the bug bounties it recommends for discoveries over the past few months
Delegate platform updates from @lbsblockchain, Aave Chan Initiative, @PennBlockchain, and @Kene_StableLab
@ChaosLabs announces the launch of their Aave Asset Listing Portal
@spartan has created a subgraph for the Metis Aave V3 market
@Gauntlet updates for the month of April
@bgdlabs reflects and reports on 365 days of working with Aave, and looks ahead

duncand · May 22, 2023, 4:28pm

Week of May 15, 2023

Highlights

Hot off the press: @MarcZeller introduces “Skyward,” a free service from the Aave Chan Initiative “that aims to streamline the journey of Aave DAO proposals from inception to final vote.”
The proposals for a delegate code of conduct and for a framework for recognized delegates are live on Snapshot.
There were some issues with AIP 224, affecting Aave v2 Polygon. AIP 230 (see below) provides the fix.

Proposals

Aave Improvement Proposals (AIPs):

wMATIC Supply & Borrow Cap Increase Polygon v3 (231). Voting ends on May 23.
Fix rate strategies issue on Aave v2 Polygon (230). Voting ends on May 23.
MaticX Supply Cap Increase Polygon v3 (229). Executed on May 21.
AGD Approval (228). Executed on May 21.
Aave V3 Interest Rate Curve Changes (4/27) (227). Queued for execution.
Risk Parameter Updates for Ethereum v3 (05/09/2023) (226). Queued for execution.
LST Supply Cap Increase Polygon & Arbitrum (225). Executed on May 17.
Aave V2 Interest Rate Curve Changes (4/21) (224). Executed on May 16.

On Snapshot:

[ARC] Delegate Code of Conduct. Voting ends on May 25.
[ARC] Framework for Recognized Delegates. Voting ends on May 25.
[TEMP CHECK] FlashMinter Facilitator Approval. Voting ends on May 24.
[TEMP CHECK] Add ARB to Arbitrum Aave v3. Voting ends on May 22.
[ARFC] Add 1INCH to Aave V3 Ethereum. Ended on May 20 with nearly 100% voting YAE.
[ARFC] Add ENS to Aave V3 Ethereum. Ended on May 20 with almost 83% voting YAE.
[ARFC] BUSD OffboardingPlan Part II. Ended on May 19 with nearly 100% voting YAE.
[ARFC] Activate emode for rETH Aave Ethereum V3 Pool. Ended on May 19 with nearly 100% voting YAE.
[TEMP CHECK] - Add support for fUSDC on Ethereum v3. Ended on May 19 with 68.55% voting YAE.
[TEMP CHECK] Add support for RPL on Ethereum v3. Ended on May 19 with nearly 100% voting YAE.
[ARFC] Acquire BB-A-USD and deposit 50% into both Balancer and Aura Finance. Ended on May 19 with 84.35% voting YAE.
[ARFC] Migrate Holdings from v2 to v3 and acquire wstETH and rETH. Ended on May 19 with 83% voting YAE.
[ARFC] Consolidate Collector Contract & Secure Service Provider Runway. Ended on May 17 with nearly 100% voting YAE.
[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool. Ended on May 19 with 100% voting YAE.
[ARFC] Add LUSD Arbitrum v3. Ended on May 19 with 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[ARC] Harmony Recovery
[ARFC] Polygon v3 Supply Cap Update 2023.05.21
[ARFC] Optimism Create ETH E-Mode
[ARFC] Optimism v3 Supply Cap Update
[ARFC] wMATIC Supply & Borrow Cap Increase Polygon v3
[ARFC] Ethereum v3 Supply Cap Update
[ARFC] Ethereum v3 Supply Cap Update Part 2
[ARFC] wstETH Supply Cap Increase Arbitrum v3
[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Ethereum - 2023.05.18
[ARFC] wstETH Supply Cap Increase :: Ethereum v3
[ARFC] Metis, WETH Supply Cap Increase Metis V3
[ARFC] Treasury Management - Convert DAO awETH Holdings to Liquid Staking Tokens
Add SUSHI to Aave V3 on Mainnet

Active TEMP CHECKS:

[TEMP CHECK] Freeze MAI from Aave

In the Forums

@Pauljlei updates the community that Gauntlet will not be moving forward with the changes signaled by the following Snapshot: E-Mode Parameter Changes for V3 Avalanche, Optimism, Polygon, and Arbitrum.
@Llamaxyz provides information about how the CoW Swap trade will be be implemented to carry out part of the BAL & aBAL deployment approved via Snapshot in March.
Delegate platform updates from @0xkeyrock.eth, @lbsblockchain, @TokenLogic, @PennBlockchain, and @HKUST_EPI_BLOCKCHAIN.
@MCERFSR provides a “sneak peek” into what Certora “has been up to in the past couple of months.”
Some more discussion of the bug bounties suggested by BGD Labs.

duncand · May 29, 2023, 6:20pm

Prefer to receive this recap as an email? Subscribe here and check the box for “Aave Weekly Update”: https://paragraph.xyz/@boardroom

Week of May 22, 2023

Highlights

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

Proposals

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

Active TEMP CHECKS:

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

In the Forums

@Gauntlet recommends Synchronicity Price Adapter “killswitch” functionality for LST emode
Aave v2 Polygon is working normally again
Prioritizing cap space for stkAAVE holders, from @Portkey
@bgdlabs presents an update on operational oracles
The April 2023 financial report, from @Llamaxyz
Delegate platform updates from @lbsblockchain and @HKUST_EPI_BLOCKCHAIN.

On Twitter

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

duncand · June 5, 2023, 2:16pm

Week of May 29, 2023

Prefer to receive this recap as an email? Subscribe here and check the box for “Aave Weekly Update”: Boardroom

Highlights

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.
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.”
You’ve probably noticed that we’re well into the two-month trial of shielded voting in Snapshot, powered by Shutter.
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

There is further discussion of Gauntlet’s recommendation of a Synchronicity Price Adapter “killswitch” for LST emode
Delegate platform updates from @lbsblockchain, @TokenLogic, @0xkeyrock.eth, and the Aave Chan Initiative
@Llamaxyz highlights new features on their Aave dashboard, including an Aave Grants Dashboard and a Safety Module Dashboard.
Llama presents a “month 8” update on their areas of focus for the DAO, which include: protocol upgrades; treasury management; analytics; and growth
@ChaosLabs presents highlights of their activities during the month of May

On Twitter

Welcome to the DAO efficiency era, says @lemiscate
Who is going to be the third significant risk contributor to the Aave DAO?

duncand · June 12, 2023, 3:17pm

Week of June 5, 2023

Prefer to receive this recap as an email? Subscribe here and check the box for “Aave Weekly Update”: https://updates.boardroom.io/subscribe

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.

duncand · June 19, 2023, 4:41pm

Week of June 12, 2023

Highlights

New assets continue to be discussed (and voted on) for addition to Aave V3 on different chains. This is happening in conjunction with deprecation of the V2 AMM market and discussion of next steps in V2 to V3 migration (Ethereum), as presented by @ChaosLabs.
@Flipside’s proposal to assume a contributor role at Aave will soon be up for voting on Snapshot.
We at Boardroom have suggested hosting a biweekly Aave governance call (also suggested in Flipside’s proposal); see our reasoning here.
Check out the proposal from @TokenLogic for initial liquidity pools supporting the GHO launch.

Proposals

Aave Improvement Proposals (AIPs):

Price feeds operational update Pt2 - stETH (248). Ends on June 22.
Risk Parameter Updates Aave V3 Ethereum (247). Queued for execution.
Risk Parameter Updates for AAVE V2 Ethereum (246). Failed on June 18.
Add 1INCH to Aave V3 Ethereum (245). Queued for execution.
Add ENS to Aave V3 Ethereum (244). Queued for execution.
Add LUSD to Arbitrum Aave V3 (243). Executed on June 18.
Add rETH to Arbitrum Aave v3 (242). Executed on June 18.
Polygon Supply Cap Update (241). Executed on June 15.

On Snapshot:

[TEMP CHECK] Aave | Flipside Proposal. Voting starts June 19.
[TEMP CHECK] GHO Liquidity Pools. Voting starts June 19.
[ARFC] Add native USDC to the Arbitrum V3 pool. Ended on June 17 with 100% voting YAE.
[ARFC] Add FRAX Arbitrum Aave v3. Ended on June 17 with 80.22% voting YAE.
[TEMP CHECK] Add GMX to Arbitrum v3. Ended on June 17 with 64.29% voting YAE.
[ARFC] Add FRAX to Ethereum Aave v3. Ended on June 17 with nearly 100% voting YAE.
[TEMP CHECK] Aave v3 MVP deployment on Scroll mainnet. Ended on June 16 with nearly 100% voting YAE.
[TEMP CHECK] Pyth to Support AAVE on Optimism as a Secondary Oracle. Ended on June 15 with 66.9% voting For.

Active Aave Requests for Comment (ARFC):

[ARFC] Chaos Labs Risk Stewards - Increase Supply Caps wstETH Arbitrum and Ethereum
[ARFC]: Supply Cap Updates for Polygon Aave V3, Arbitrum Aave V3 on 2023-06-18
[ARFC] - Whitelist Stargate for V3 Portals
[ARFC] Aave V3 Deployment on Base
[ARFC] Chaos Labs V2 to V3 Migration Next Steps
[ARFC] Chaos Labs Risk Parameter Updates - CRV Aave V2 Ethereum - 2023.06.15
[ARFC] Emode Risk Parameters Aave ETH V3 Pool Update

Active TEMP CHECKS:

[TEMP CHECK] GHO Liquidity Pools
[TEMP CHECK] Gauntlet recommendation on TUSD for Aave v2 Ethereum
[TEMP CHECK] Allocating part of GHO Revenue to Safety Incentives

In the Forums

There has been vigorous discussion around Gauntlet’s recommendation to freeze CRV and set LTV to 0 on Aave v2 Ethereum (the AIP was voted down).
Check out delegate platform updates from @0xkeyrock.eth and @lbsblockchain.
@mattgurbiel from RedStone raises the question of oracle providers for GHO price feeds — which may be a decision left to third party protocols using GHO as collateral, as @MarcZeller notes.
@0xmigi from Aave Grants DAO presents April and “halfway” updates for their fourth renewal. May updates can be found here.
@Llama posts its first “forward guidance” update, which they intend to do regularly going forward.
@polarpunklabs reports on the Aave Case Study recently completed with a colleague and funded by Aave Grants DAO. This case study is intended for use in college/university courses.

On Twitter

Open source is open source, and Aave is not a fork.

duncand · June 26, 2023, 4:02pm

Week of June 19, 2023

Highlights

The discussion following the posting of the Aave | Flipside temp-check proposal (which saw 79.26% voting in favor) has been especially interesting with regard to Aave governance. Check it out.

Proposals

Aave Improvement Proposals (AIPs):

Chaos Labs V2 to V3 Migration Next Steps (252). Succeeded on June 26 with 100% voting YAE.
Add Native USDC To Arbitrum V3 Pool (251). Executed on June 26.
Polygon v2 - Parameter Update (250). Queued for execution.
Treasury Management - Acquire B-80BAL-20WETH (249). Cancelled on June 23.
Price feeds operational update Pt2 - stETH (248). Executed on June 23.
Risk Parameter Updates Aave V3 Ethereum (247). Executed on June 19.
Add 1INCH to Aave V3 Ethereum (245). Executed on June 19.
Add ENS to Aave V3 Ethereum (244). Executed on June 19.

On Snapshot:

[ARFC] Chaos Labs Risk Parameter Update - CRV Aave V3 Polygon - 2023.06.20. Voting starts on June 27.
[ARFC] Chaos Labs - Incremental Reserve Factor Updates - Aave V2 Ethereum. Voting starts on June 27.
[ARFC] USDT Risk Parameters Update Aave V3 ETH Pool. Voting starts on June 27.
[ARFC] Bug bounties proposal. Voting ends June 27.
[ARFC] Gauntlet Recommendation on TUSD for Aave v2 Ethereum. Ended on June 25 with 98.73% voting for Option 1.
[ARFC] - Chaos Labs Risk Parameter Updates - CRV Aave V2 Ethereum - 2023.06.15. Ended on June 23 with nearly 100% voting YAE.
[TEMP CHECK] Aave | Flipside Proposal. Ended on June 22 with 79.26% voting YAE.
[TEMP CHECK] GHO Liquidity Pools. Ended on June 22 with nearly 100% voting YAE.

Active Aave Requests for Comment (ARFC):

[TEMP CHECK] Aave | Flipside Proposal.
[ARFC] Chaos Labs Risk Parameter Updates - Aave V2 Ethereum - 2023.6.23
[ARFC] Chaos Labs Risk Stewards - Increase Caps rETH and wstETH on V3 Arbitrum
[ARFC] Add rETH Aave v3 Optimism
[ARFC] Chaos Labs - Payment Collection Request
[ARFC] Chaos Labs Risk Stewards - Increase Supply Caps on V3 Metis
[ARFC] Chaos Labs Risk Parameter Updates - FEI on Aave V2 Ethereum - 2023.6.22
[ARFC] Aave V3 Deployment on BNB Chain
[ARFC] Add GMX to Arbitrum v3

Active TEMP CHECKS:

[TEMP CHECK] Aave V3 Deployment on Linea Testnet
[TEMP CHECK] Integrating MakerDAO’s DSR into Aave V3 Ethereum Pool

In the Forums

@Boardroom provides the most recent Butter Delegate Activity Report on @TokenLogic
@Gauntlet provides updated options for Synchronicity Price Adapter “killswitch” implementation
Check out delegate platform updates from @lbsblockchain, @Kene_StableLab, and @0xkeyrock.eth

On Twitter

Why Stani is excited about DeFi — more than ever
Llama <> Aave Month 8 Update Twitter space

boardroom · July 3, 2023, 8:38pm

Weekly Update - July 3, 2023

Key Points

Voting is currently live on an important meta-governance proposal: [ARFC] Framework for ARFC and TEMP CHECK Proposals.
Last week, Aave passed 7 AIPs, 8 ARFCs, and 3 Temp Checks.

Recent Proposals

Aave Improvement Proposals

Add FRAX Arbitrum Aave v3 - Passed (July 3, 2023)
Add FRAX Ethereum Aave v3 - Passed (July 2, 2023)
Optimism - Create ETH eMode Category - Passed (July 2, 2023)
Lower TUSD LT and LTV on Aave V2 - Passed (July 2, 2023)
Chaos Labs Risk Parameter Updates - CRV Aave V2 Ethereum - Passed (July 2, 2023)
Chaos Labs - Payment Collection Request - Passed (July 2, 2023)
Freeze TUSD Reserve on Aave V2 Ethereum - Passed (July 2, 2023)

On Snapshot

[ARFC] Framework for ARFC and TEMP CHECK Proposals - Voting live, ends July 6, 2023 at 4:47 am ET.
[ARFC] Aave Robot v1 activation - Passed (July 2, 2023)
[ARFC] Gas Rebate for Recognized Delegates - Passed (July 2, 2023)
[ARFC] Chaos Labs Risk Parameter Updates - Aave V2 Ethereum - 2023.6.23 - Passed (July 2, 2023)
[ARFC] Chaos Labs Risk Parameter Updates - FEI on Aave V2 Ethereum - 2023.6.22 - Passed (July 2, 2023)
[TEMP CHECK] Allocating part of GHO Revenue to Safety Incentives - Passed (July 2, 2023)
[TEMP CHECK] GHO Stewards: Agile Parameter Changes - Passed (July 1, 2023)
[TEMP CHECK] Integrating MakerDAO’s DSR into Aave V3 Ethereum Pool - Passed (June 30, 2023)
[ARFC] USDT Risk Parameters Update Aave V3 ETH Pool - Passed (June 30, 2023)
[ARFC] Chaos Labs Risk Parameter Update - CRV Aave V3 Polygon - 2023.06.20 - Passed (June 30, 2023)
[ARFC] Chaos Labs - Incremental Reserve Factor Updates - Aave V2 Ethereum - Passed (June 30, 2023)
[ARFC] Bug bounties proposal - Passed (June 27, 2023)

In discussion

[ARFC] GHO Mainnet Launch

Forum Highlights

Llama shared its [May 2023 Financial Report](https://May 2023 Financial Report) and its Month 9 Update, a progress report on Llama’s ongoing work for Aave.
Chaos Labs shared its monthly community update.
Boardroom provided the latest Butter Delegate Activity Report on TokenLogic.

Stakeholder News

HKUST updated its delegate platform.
LBS Blockchain updated its delegate platform.

Upcoming Votes

[AIP] Treasury Managemet - Acquire wstETH & rETH - Voting begins July 4, 2023 at 11:53am ET
[AIP] Price feeds operational update Pt2.5 - wstETH - Voting begins July 4, 2023 at 12:23pm ET

boardroom · July 10, 2023, 6:00pm

Weekly Update - July 10, 2023

Key Points

Over the past week, Aave passed 7 AIPs, 4 ARFCs, and 3 Temp Checks.
Several proposals are currently in discussion and expected to be introduced in the coming days.

Proposals

Aave Improvement Proposals

Treasury Management - Acquire wstETH & rETH - Passed (July 7, 2023)
Price feeds operational update Pt2.5 - wstETH - Passed (July 7, 2023)
Gas Rebate for Recognized Delegates - Passed (July 7, 2023)
Chaos Labs Risk Parameter Update - CRV Aave V3 Polygon - Passed (July 8, 2023)
Chaos Labs - Increase wstETH Supply Cap on V3 Arbitrum - Passed (July 9, 2023)
Ethereum v2 - Parameters Update - Passed (July 9, 2023)
Treasury Management - Acquire B-80BAL-20WETH - Passed (July 9, 2023)

On Snapshot

[ARFC] Framework for ARFC and TEMP CHECK Proposals - Passed (July 6, 2023)
[ARFC] Gauntlet Risk Parameter Updates for Ethereum v3, Arbitrum v3, Ethereum v2 - Passed (July 7, 2023)
[ARFC] Add rETH Aave v3 Optimism - Passed (July 8, 2023)
[ARFC] Add GMX to Arbitrum v3 - Passed (July 8, 2023)
[TEMP CHECK] Aave V3 Deployment on Linea Testnet - Passed (July 9, 2023)
[TEMP CHECK] Safety Module Upgrade Part IV - Incentives Management Upgrade - Passed (July 9, 2023)
[TEMP CHECK] Safety Module Upgrade Part V - veToken Holding - Passed (July 9, 2023)

In discussion

[ARFC] Gauntlet Supply Cap Updates for Ethereum v3, Optimism v3
[ARFC] Gauntlet Borrow Cap Updates for CRV on Ethereum v3
[ARFC] Direct-to-AIP Framework
[ARFC] Set Metis Foundation Wallet as Emission Manager for METIS Token on Aave V3 Metis Pool
[TEMP CHECK] GHO Stability Module
[ARFC] Polygon Supply Cap Update
[ARFC] GHO Steward: Agile Parameter Changes
[TEMP CHECK] Treasury Management - Introducing StrategicAssetManager
[ARFC] Chaos Labs Risk Stewards - Increase Supply Caps WETH and CRV on V3 Polygon

Forum Highlights

Gauntlet affirmed their parameter recommendations for deploying Aave v3 on BNB chain.
Community members continued to discuss Aave private voting.
LBS Blockchain, Michigan Blockchain, Chaos Labs, and Gauntlet discussed the supply cap for wstETH on Ethereum and Arbitrum.

Upcoming Votes

There are no proposals in the queue.