Karpatkey Delegate Platform

Voting Actions 2024 - February 5th - February 9th

Proposal: [TEMP CHECK] Merit - A New Aave-Alignment User Reward System
Vote: YAE
Reasoning: We support creating a program to incentivise protocol-aligned actions, as it can attract more TVL from lenders and utilisation by boosting borrowing. It is a good practice to attach a feedback loop to measure the impact of such a program for the DAO to verify its effectiveness and decide on its extension.


Proposal: [ARFC] BGD. Correlated-asset price oracle (CAPO)
Vote: YAE
Reasoning: We support this proposal of creating adapters for different Aave v3 assets, LSTs, and the majority of the stablecoins, as this will add an extra layer of protection regarding the price feeds: it introduces limit values that can be used to trigger safety measures.


Proposal: [ARFC] MaticX Supply Cap Increase in Polygon V3
Vote: YAE
Reasoning: We support raising the cap of Polygon MaticX in the Aave market to address the growing demand, and the value is still inside the max (75%) determined by the DAO for this type of asset.


Proposal: [ARFC] Establishing the Aave Protocol Embassy (APE)
Vote: YAE
Reasoning: We support this initiative, as we believe that Aave should be more active on the DAOs with a strong relationship with the protocol, such as Arbitrum. The election of a representative is a sign of maturity, as the DAO understands that it can’t handle all the governance overhead to make informed decisions.


Proposal: [ARFC] Set Liquidity Observation Labs as Emission manager for wstETH on V3 markets
Vote: YAE
Reasoning: We support this proposal. It is beneficial to have additional rewards by an external protocol. That makes the platform more attractive, incentivises growth further and expands the Aave user base.


Proposal: [ARFC] Add Contango Protocol, Cian Protocol and Index Coop to flashBorrowers on Aave V3
Vote: YAE
Reasoning: Everything that brings more utilisation to the lending pools is a good initiative. However, as others pointed out, waiving the fees for these protocols should be accompanied by a section on the proposal for monitoring and evaluation if the strategy is working as intended.


Proposal: [ARFC] GHO Stewards
Vote: ABSTAIN
Reasoning: We are co-authors of this proposal.


Proposal: [TEMP CHECK] Enable Metis as Collateral on Metis Chain
Vote: YAE
Reasoning: We support he addition of the native asset of the chain as a collateral asset. The parameters are reasonable, and we can temporarily check its removal from isolation mode in the future.


Proposal: Gauntlet recommendation for MAI / MIMATIC deprecation phase 2
Vote: YAE
Reasoning: We support this proposal, and the reasoning remains the same


Proposal: Aave v3 Scroll Activation
Vote: YAE
Reasoning: We support this proposal, and the reasoning remains the same


Proposal: stkABPT Balancer V2 migration
Vote: YAE
Reasoning: Balancer v1 has been deprecated for a long time. We support this migratio