Harmony Horizon bridge exploit. Consequences to Aave V3 Harmony

Governance
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  1. Post a governance thread following ARC standards ARCs - Governance

  2. after a minimum of 5 days of discussion anyone with a AAVE balance of at least 50 can publish a proposal on snapshot

  3. Snapshot vote needs to follow the community guidelines

  • vote should start at least 24h after publication of snapshot vote
  • voting period should last at least 3 days
  • Vote should have at least 3 options (YAE/NAY/ABSTAIN)
  1. If the snapshot vote outcome is YAE, anyone can campaign to get AAVE proposal power delegation
    and any address with at least 80k AAVE proposal power can publish an AIP vote to, in this case, allow the ER contract or treasury contract to deploy funds.
    The technical payload of this AIP can be supported & reviewed by BGD Labs to make sure the technical implementation is safe.
    The quorum for these votes is 320k AAVE YAE votes.

This governance process is standard at aave and has been successfully followed with dozens of previous AIPs.