Voting Actions: August 21 – 26th
Proposal: [TEMP CHECK] Aave Treasury Proposal for RWA Allocation
Vote: Nae
Reasoning: While RWA is a topic the AAVE treasury should be interested in, some other steps need to be taken into account before we delve into it. The legal framework should be the first focus, as it is from it that several constraints arise. Another point we agree on in the discussion is that Aave should use its stablecoin holdings to support runway and that GHO is the ideal candidate for the RWA initiative.
However, the main point here is that this doesn’t seem to be the lowest-hanging fruit when thinking about treasury management strategy—we should start with the lowest risk profiles and then ramp up to more complex strategies. For example, other established DAO treasuries, like ENS, are only beginning to think about RWAs.
Proposal: [ARFC] Aave <> Bored Ghosts Developing (BGD) Phase 2
Vote: Yae
Reasoning: BGD is a valued partner of Aave, and they have been a consistent contributor throughout their Phase 1 commitment. As technical reviewers for all parameter change proposals, they helped sustain the protocol’s stability. The proposal is sound, and the deliverables are reasonable for the six months.
Proposal: Treasury Management - Polygon v2 to v3 Migration
Vote: Yae
Reasoning: We support this migration. The effort to consolidate and migrate treasury assets on Polygon will result in better productivity for the treasury, and we recognise that this effort has been ongoing since March.
Proposal: Chaos Labs Scope and Compensation Amendment
Vote: Yae
Reasoning: We support increasing Chaos Lab’s compensation by $400k for the remaining period of their service contract. The work they have performed has been well-received, and it is essential. However, the community should migrate to a more structured RFP model for new service agreements to better assess the DAO’s needs. Our position on this is explained, here.
Proposal: CRV Aave V2 Ethereum - LT Reduction
Vote: Yae
Reasoning: This follows the Curve v2 deprecation plan which received significant community support. Both risk management providers agreed to follow a more conservative approach, targeting a 2% reduction.
Proposal: sDAI Onboarding
Vote: Yae
Reasoning: We have previously supported this proposal in the ARFC stage and have no change of opinion. Our initial reasoning for support can be found here.
Proposal: [TEMP CHECK] Aave V3 “MVP” Deployment on GnosisChain
Vote: Yae
Reasoning: AAVE on the Gnosis Chain is a strategic movement to set the foundation for deeper synergies. It will strengthen the GC DeFi ecosystem, as it is an important addition to Balancer, Backed, Aura, and many other protocols. We agree that the current parameters are aligned with this “MVP,” and we look forward to an expedited GHO deployment at Gnosis Chain.
Proposal: [ARFC] Chaos Labs Risk Parameter Updates - Aave V3 Optimism - 2023.08.13
Vote: Yae
Reasoning: We trust Chaos Labs’ risk simulation, and the proposal is for potential changes that improve capital efficiency without any substantial risk associated.