Fix rate strategies issue on Aave v2 Polygon
- We voted YAE
- No objections to the patching of the contract
wMATIC Supply & Borrow Cap Increase Polygon v3
- We voted YAE
- Inline with the approved methodology
Activate Emode for rETH Aave Ethereum V3
- We voted YAE
- No objections on the Emode activate for rETH collateral.
Aave Stablecoin E-mode changes for V3 Avalanche, Optimism, Polygon, and Arbitrum
- We voted YAE
- Reduction in Emode variables are seen to be a risk mitigation measure.
- No Objections on reducing risk by reducing the rate of incurring bad debt.
Caps Plus Risk Steward
- We voted YAE
- As long as the parameters are within the methodology which has proven to be so in the past we are accept to this.
- Tread carefully as this is 1 step towards centralisation. Trust is not to be misused.
DeFi Saver Aave V3 Flashborrowers Whitelist Part II
- We missed the vote but would have voted YAE
- We are supportive with the integration with DeFiSaver to regain loss flashloans marketshare back to AAVE.
Price feeds operational update
- We voted YAE
- No objections on the update of price feeds, as long as the source is from a decentralised aggregator source. Price feeds should never be obtained from a single vulnerable source.
BUSD Offboarding Plan Part II
- We voted YAE
- No objection on the offboarding of the stablecoin being impacted by regulators.
Update MAI Token implementations, unpause & enable flashloanable
- We missed the vote but would have voted YAE
- No objection to resume the MAI reserves and allowable for flashloans.
Deprecate Aave V2 AMM Market
- We missed the vote but would have voted YAE
- No objection to deprecation of the associated v2 market as users can progress towards a more risk controlled v3 market.
Add LUSD to Arbitrum Aave V3
- We missed the vote but would have voted YAE
- No objection to the onboarding of LUSD on Arbitrum V3 as an additional source of revenue generation for the protocol.
Polygon Supply Cap Update
- We voted YAE
- No objection to the raise in caps based on agreed methodologies.
Add rETH to Arbitrum Aave v3
- We voted YAE
- No objection to the onboarding of rETH on Arbitrum V3 as an additional source of revenue generation for the protocol.
Add LUSD to Arbitrum Aave V3
- We missed the vote but would have voted YAE
- No objection to the onboarding of LUSD on Arbitrum V3 as an additional source of revenue generation for the protocol.
Add ENS to Aave V3 Ethereum
- We missed the vote but would have voted YAE
- No objection to the onboarding of ENS on Ethereum V3 as an additional source of revenue generation for the protocol.
Add 1INCH to Aave V3 Ethereum
- We missed the vote but would have voted YAE
- No objection to the onboarding of 1INCH on Ethereum V3 as an additional source of revenue generation for the protocol.
Risk Parameter Updates for AAVE V2 Ethereum
- We missed the vote but would have voted NAY
- We do not support freezing of assets based on discrimination of single address performing transaction along approved parameters.
Risk Parameter Updates Aave V3 Ethereum
- We missed the vote but would have voted YAE
- No objections from chaos lab’s assessment due to the change in market conditions to allow the collaterals to be more capital efficient.
Price feeds operational update Pt2 - stETH
- We missed the vote but would have voted YAE
- No objections on the custom adapter to increase the price accuracy of the ETH LSDs.
Polygon v2 - Parameter Update
- We voted YAE
- No objection on the adjustment of parameters to to encourage migration from v2 to v3. But this should be done as frictionless as possible to not affect borrowers working within the previous parameters.
Add Native USDC To Arbitrum V3 Pool
- We voted YAE
- No objections to onboarding of native USDC. We would like to see USDC.e holders migrate accordingly.
Chaos Labs V2 to V3 Migration Next Steps
- We voted YAE
- No objections on the migration for the various governance tokens towards v3.
As we our governance proposals monitoring systems up live, we will expect to miss fewer polls and attempt to participate on all them going forward. We have also began participation in snapshots but only on-chain polls will be explained and communicated here.
Freeze TUSD Reserve on Aave V2 Ethereum
- We voted NAY
- With respects to Gauntlet and their hard work on risk analysis on the matter of TUSD. We view that the steps taken on a freeze of the pool is overly aggressive. Losing out of potential revenue.
We find that the current approach is too preemptive and would encourage a more wait and see approach, as not much market volatility has impacted the price of the stablecoin.
We agree on the matter of reducing of LT LTV and will be supporting that poll. But not for freezing of the TUSD pools.
Chaos Labs - Payment Collection Request
- We voted YAE
- No objections on payments for risk assessors
Chaos Labs Risk Parameter Updates - CRV Aave V2 Ethereum
- We voted YAE
- No objections on risk mititgation on lowering LTV and LT
Lower TUSD LT and LTV on Aave V2
- We voted YAE
- With respects to Gauntlet and their hard work on risk analysis on the matter of TUSD. We view that the steps taken on a freeze of the pool is overly aggressive. Losing out of potential revenue.
We find that the current approach is too preemptive and would encourage a more wait and see approach, as not much market volatility has impacted the price of the stablecoin.
We agree on the matter of reducing of LT LTV and will be supporting that poll. But not for freezing of the TUSD pools.
Optimism - Create ETH eMode Category
- We voted YAE
- No objections on emode on Optimism for ETH collaterals, to provide greater capital efficiency for correlated assets.
Add FRAX Arbitrum Aave v3
- We voted YAE
- No objections onboarding FRAX as a proven asset for a collateral, but it should be noted this will increase the USDC volatility risk to AAVE protocol.
Add FRAX Ethereum Aave v3
- We voted YAE
- No objections onboarding FRAX as a proven asset for a collateral, but it should be noted this will increase the USDC volatility risk to AAVE protocol.
Treasury Managemet - Acquire wstETH & rETH
- We voted YAE
- No objections on deploying ETH from the reserves to generate growth through the LSDs
Price feeds operational update Pt2.5 - wstETH
- We voted YAE
- No objections proceeding with the next phase of the oracle upgrading works for more accurate price feeds for LSDs.
Gas Rebate for Recognized Delegates
- We voted YAE
- No objections disbursements of gas fee reimbursements, but during the next cycle we wish to be benefitted with this too.
Chaos Labs Risk Parameter Update - CRV Aave V3 Polygon
- We voted YAE
- No objections to the risk mitigating measures as proposed based on conditions of the market.
Chaos Labs - Increase wstETH Supply Cap on V3 Arbitrum
- We missed the vote due to lack of signatory during the weekend but we would have voted YAE
- No objections on the supply increased within the approved methodologies
Ethereum v2 - Parameters Update
- We missed the vote due to lack of signatory during the weekend but we would have voted YAE
- No objections to the increase of the RF to pivot towards v3 migration.
Treasury Management - Acquire B-80BAL-20WETH
- We missed the vote due to lack of signatory during the weekend but we would have voted YAE
- No objections on the conversion of the tokens to provide support to the future growth of the protocol stablecoin.
GHO Mainnet Launch
- We voted YAE
- No objections on the launch of the GHO stable coin! Exciting times to see how another decentralised stablecoin asset will benefit the entire ecosystem. But is should be known that it will be more crucial to monitor the reserves of AAVE and to ensure that expenses are are appropiately spent to increase the credibility and viability of GHO.
Gauntlet Cap Updates for Ethereum, Optimism Aave v3
- We voted YAE
- No objections to the reduction of the supply of the respective governance tokens due to their limited utility and low liquidity levels which may result in inefficient levels of liquidation.
Add RPL to Aave V3 Ethereum pool
- We voted YAE
- No objections on the onboarding of RPL, but it should stated that should Ethereum ever uptake POS to dPOS, LSD and LSD related governance tokens should be assessed for its viability as a quick response.
Make USDT a collateral for Aave V3 ETH Pool
- We voted YAE
- No objections on the onboarding of USDT, it should be stated that this onboarding and support is oxymoronic to the freezing of TUSD, as USDT is of a higher risk asset than TUSD. Though it can be argued that USDT has higher liquidity and has a longer track record. Overall, USDT should be reassess regularly based on their transparency and disclosures.
Chaos Labs Risk Parameter Updates - Aave V2 Ethereum
- We voted YAE
- No objections on the parameter changes to encourage v3 migration. It is appreciated to see that impact to position holders were assessed and mitigated to reduce friction
Add ARB to Aave V3 Arbitrum Pool
- We voted YAE
- No objections on the onboarding of ARB, periodic assessments should be performed to ensure that the asset has a form of utility other than chain governance. As AAVE is not lending out ARB for governance purposes only.
Bug Bounty May 2023
- We voted YAE
- No objections on the payout to various ecosystem supporters to identify bugs and keep the protocol’s risk mitigated.
Add rETH Aave v3 Optimism
- We voted YAE
- No objections on the onboarding of rETH, but it should stated that should Ethereum ever uptake POS to dPOS, LSD and LSD related governance tokens should be assessed for its viability as a quick response.
MaticX Polygon Supply Cap Update
- We voted YAE
- No objections on the onboarding to the supply increase, as expected more LSD holders are participating in staking.
Gauntlet Risk Parameter Updates for Ethereum v3, Arbitrum v3, Ethereum v2
- We voted YAE
- No objections on the parameter changes, as expected for periodic changes to market conditions. As expected adding more crunch to v2 position holders for migration to v3.
MaticX Polygon Supply Cap Update
- We voted YAE
- No objections on proposed supply increase according to methodology due to vault reaching supply cap. Though it should be stated that the borrowing limits should be controlled to prevent any misuse for ill intent.
Chaos Labs Risk Parameter Update - MAI Aave V3
- We voted YAE
- No objections on the parameter changes, as expected for risk mitigation actions to be taken for a stablecoin depeg.
Set Metis Foundation Wallet as Emission Manager for METIS Token on Aave V3 Metis Pool
- We voted YAE
- No objections on setting the metis foundation’s wallet as emission manager for the Metis rewards. This would provide a more efficient and timely replenishment of the rewards.
Acquire More aUSDC on Aave Ethereum Collector
- We voted YAE
- No objections on the swapping of aTokens to fulfill payment requirements. Perhaps future contracts can be negotiated for payments in multi asset stablecoins.
Chaos Labs Risk Parameter Updates - FEI on Aave V2 Ethereum
- We voted YAE
- No objections on risk mitigating parameter changes for FEI, the “stablecoin” has been volatile since the start of 2023 and has subsequently depegged.
Reserve Factor Updates - Polygon Aave v2
- We voted YAE
- No objections on amendment of parameters to encourage migration of v2 positions to v3.
TUSD offboarding plan
- We voted YAE
- No objections on TUSD offboarding plans, as much as we discourage any forms of offboarding with lack of realistic adverse news, the community has agreed with the offboarding and therefore we will support the decision. This is a reduction in revenue for the protocol.
Gauntlet Recommendation for CRV LTV → 0 on Aave v2 Ethereum
- We voted YAE
- No objections on the change of LTV for CRV tokens. Due to the vyper contract exploits, it would be wise to take these mitigation steps to ensure little to no bad debt is incurred.
Cancel Llama Streams
- We voted YAE
- No objections on initial steps on offboarding LLAMA as a service provider. Based on information gathered mainly from ACI, it is decided to support the poll which is in the best interest for the protocol.
Gauntlet Recommendation to reduce CRV LT, LTV, debt ceiling on V3 Ethereum and CRV LT, LTV on V3 Polygon
- We voted YAE
- No objections on the change of LTV for CRV tokens. Due to the vyper contract exploits, it would be wise to take these mitigation steps to ensure little to no bad debt is incurred.
aCRV OTC Deal
- We voted YAE
- No objections on purchase of the CRV tokens to incentivise GHO pool. But AAVE should market away from the curve wars as the CRV liquidity has been diminishing and it is nearing saturation.
TUSD offboarding plan
- We voted NAY
- This was not in accordance with the gentle offboarding process.
Reduce CRV LT by 6%
- We voted YAE
- No objections with the reduction due to CRV’s exploit and the liquidity levels which pose to be a bad debt threat to the protocol.
Disable CRV Borrowing For Ethereum and Polygon V3
- We voted YAE
- No objections disabling of borrowing of CRV to prevent any potential price manipulation of low liquidity CRV from borrowed AAVE assets.
BUSD Offboarding Plan Part III
- We voted YAE
- No objections on the continued offboarding procedure for BUSD.
Supply Cap increase - wstETH
- We voted YAE
- No objections on increase of the wstETH supply caps.
LUSD collateral activation
- We voted YAE
- No objections on onboarding LUSD as collateral on v3 markets. Increased potential revenue streams.
Gauntlet Recommendation to Freeze CRV on Aave v2 Ethereum
- We voted YAE
- No objections on freezing of CRV on v2 markets based on CRV’s vyper contract exploits in addition to its already low liquidity environment.
stataToken operational update
- We voted YAE
- No objections on changing admin access to balancer to provide timelier incentives and efficiency between the governance of the 2 protocols for now.
Aave v3 Base Activation
- We voted YAE
- No objections on the expansion to Base its quite clear cut.
Supply Cap Update - stMATIC Polygon v3
- We voted YAE
- No objections on increasing the supply caps for stMATIC, just another routine increase based on market conditions and user requirements.
[ARFC] Increase MaticX supply cap
- We voted YAE
- No objections on increasing the supply caps for MaticX, just another routine increase based on market conditions and user requirements.
Swap assets to aUSDC
- We voted YAE
- No objections on the swap, holding stablecoin as liquid assets to earn yield.
Treasury Management - Polygon v2 to v3 Migration
- We would have voted YAE but we missed the poll
- No objections on migration of assets from v2 to v3.
Chaos Labs Scope and Compensation Amendment
- We voted YAE
- No objections on the scope increase with the engagement of chaoslab, overall they have been doing a great job on the protocol and it would be beneficial to have a familiar provider to continue to work on AAVE.
CRV Aave V2 Ethereum - LT Reduction
- We voted YAE
- No objections on on the depreciation plan for CRV, judging on the liquidity issues of the token. It should be stated that Curve has become a centralised point for other protocols after the inception of the curve wars which may cause a cascasing effect should anything happens.
sDAI onboarding
- We voted YAE
- No objections on onboarding of sDAI, its similar to the aTokens of aave except it draws its gains and returns from the DSR savings from Maker’s own profits and reserves instead from a borrow and supply model.
Gho unpause and freezing
- We voted YAE
- No objections to the proposed process, as long as it makes it available to fix the issues.
GHO update on Aave V3 Ethereum Pool
- We voted YAE
- No objections on proposed fixes.
Chaos Labs Risk Parameter Updates - Aave V3 Optimism
- We would have voted YAE but we missed the poll
- No objections on proposed parameters due to the volatility of the market due to the increased level of uncertainties.
Funding Aave Robot for Governance V2 Automation
- We would have voted YAE but we missed the poll
- No objections on the funding of the deployment of the AAVE governance robot.
Aave BGD Phase 2
- We would have voted YAE but we missed the poll
- No objections on the fundng of BGD for continues services with AAVE, but it should be stated that the expenses are very high for a 6 month duration.
Reserve Factor Updates - Polygon Aave v2
- We voted YAE
- No objections on reserve factor for the polygon vaults.
Some votes were missed due to the team working within an environment with unstable network and the polls were not displayed accurately.
Sigma Prime Audit Budget Extension
- We voted YAE
- No objections on Extension of services of a familiar service provider which has proven to be positive to the protocol’s growth.
SupplyCapLSTs
- We voted YAE
- No objections on the increase of the LSTs caps on Polygon, but we understand others do prefer a risk mitigation measure taken due to the volatility of the assets on that chain.
Chaos Labs Risk Parameter Updates
- We voted YAE
- No objections on the proposed increase of the Reserve factor for liquidity management for each collateral type to enable suppliers to have a smoother off-boarding process.
Quarterly Gas Rebate Distribution August 2023
- We voted YAE
- No objections on reimbursements
AURA OTC Deal
- We voted YAE
- No objections on the initial bootstrapping phase for the GHO tokens using synergistic methods with other protocols. but this should be limited in the long run as the tokens should have its own organic growth and not reliant on the success of the related protocols.
Freeze MAI/MIMATIC, set LTV → 0 for Arbitrum, Avalanche, Polygon, Optimism v3
- We voted YAE
- No objections on proposed freeze due to the depegging from the dollar and the loss of stability of MAI.
Freeze Stewards
- We voted YAE
- No objections on risk mitigation measures
Chaos Labs Risk Parameter Updates _ Aave V3 Ethereum
- We voted YAE
- No objections on the adjustment of parameters to encourage more borrowings which have to be done in a controlled manner with an increase of penalties.
Gauntlet recommendation to set MAI/MIMATIC isolated debt ceiling to 0 for Arbitrum, Avalanche, Polygon, Optimism v3
- We voted YAE
- No objections on proposed freeze due to the depegging from the dollar and the loss of stability of MAI.
Aave V3 Ethereum MKR Debt Ceiling Update
- We voted YAE
- No objections on increase due the price increase of MKR due to market forces.
GHO Borrow Rate Update
- We voted YAE
- No objections on increase of interest to match the borrowing cost of other stablecoins.
Rescue Mission Phase 2, 3
- We voted YAE
- No objections on the rescue plan, but it should be made clear that this should not be a norm. Users are expected to understand what they are doing as errors cannot be blamed on the protocol.
Aave <> Immunefi program activation
- We voted YAE
- During snapshot phase we were unsupportive of the poll due to the high fees quoted for their services. At the point of voting we see no reason to vote otherwise due to the amount of support the poll had received but we still deem fees too high.
CRV Aave V2 Ethereum LT Reduction
- We voted YAE
- No objections on reducing of LT for v2 CRV pools due to the liquidity issues of CRV tokens.
Gauntlet recommendation to set WETH slope 1 to 3.3% on v3 markets, excluding Ethereum v3
- We voted YAE
- No objections on the reduction of the wETH interest on various chains to remain competitive whilst other protocols are competing for wETH accumulation and market share.
Reserve Factor Updates - Polygon Aave v2
- We voted YAE
- No objections on the reserve factor implementation due to the current market conditions. this is a prudent approach as risk mitigation
TokenLogic Service Provider Proposal
- We voted YAE
- No objections to continued engagement of an existing service provider.
Treasury Management - Create AGD GHO Allowance
- We voted YAE
- No objections on the purchase pf GHO at a lower price to serve as rewards to the AGD stakeholders.
Reserve Factor Updates - Polygon Aave v2
- We voted YAE
- No objections to the imposed reserve factor with are already present to the collaterals on the other chains to mitigation supply side risk with the current market conditions
Treasury Management - Polygon v2 to v3 Migration
- We would have voted YAE
- No objections on the transfer of treasury funds from v2 to v3 to more efficient positions to earn yield.
TUSD Offboarding Plan Part II
- We voted YAE
- No objections on the agreed process of offboarding TUSD.
OP Risk Parameters Update
- We voted YAE
- No objections on the proposed approach on taking a more conservative stance on the OP parameters.
Gauntlet Recommendations to Lower stMATIC/MaticX non-emode LT/LTV on Polygon v3
- We voted YAE
- No objections to the imposed parameter changes due to the uncertain current market conditions
Gauntlet Recommendations to Lower WETH Variable Base to 0 on Arbitrum, Optimism v3
- We would have voted YAE
- No objections on lowering of the variable rate to increase market share on borrowings.
v2 Deprecation Plan, 2023.10.03
- We voted YAE
- No objections on the v2 deprecation plan base on previously agreed upon methods, to move users towards v3.
STG onboarding on AaveV3 Ethereum Market
- We would have voted YAE
- No objections on onboarding more assets to the v3 market. Parameters set are expected of such assets being onboarded as a cautious approach.
Fund GHO Liquidity Committee
- We voted YAE
- No objections on the funding of liquidity pairings for the GHO tokens, though a cautious approach on the vast variaty of stablecoins available in the demands versus the demand of these tokens.
KNC onboarding on AaveV3 Ethereum market
- We would have voted YAE
- No objections on onboarding more assets to the v3 market. Parameters set are expected of such assets being onboarded as a cautious approach.
Governance V3 Activation
- We voted YAE
- No objections on v3 migration, i must say its troublesome but it will be exciting to see some much needed changes to the governance process.