Kpk Delegate Platform

Delegate Platforms
21

Voting Actions - December 11th – December 15th

Proposal: [ARFC] Onboarding sfrxETH to Aave V3 Ethereum Market
Vote: Aggressive Option
Reasoning: We supported this proposal on TEMP CHECK, and the reasoning can be found here

Proposal: [ARFC] Continuous Security Proposal Aave <> Certora
Vote: Yae
Reasoning: We support this proposal as Certora is a valuable partner with a pristine tracking record with Aave DAO.

Proposal: [TEMP CHECK] AAVE V3 Harmony Recovery ONE Proposal
Vote: Nae
Reasoning: Our understanding is that the incident holds no relationship with Aave protocol itself, as the price oracles were not controlled by Aave, so we don’t support this proposal of spending the treasury money to redeem bad debt.

Proposal: [ARFC] TokenLogic & karpatkey Service Provider Partnership
Vote: Abstain
Reasoning: We are a co-author of this proposal and have abstained from casting a vote.

Proposal: [ARFC]. BGD. Security budget request - December 2023
Vote: Yae
Reasoning: We support this budget request focused on new reviews and audits, a critical process for the protocol’s security. The asks are on par with general market prices, and the companies (and individuals) are best in class.

Proposal: Chaos Labs RF and IR Updates - Aave V2 Ethereum
Vote: Yae
Reasoning: We support the increase of the IR and RF for these assets. We would like to see a more proactive approach to assessing the deprecation of all assets on v2 markets, not only the frozen ones.

Proposal: Transfer AURA to GLC Safe
Vote: Yae
Reasoning: This is an operational transfer to enable the GLC to start to use the Aura acquired on this proposal

Proposal: GHO update on Aave V3 Ethereum Pool for 13/11/2023 Report
Vote: Yae
Reasoning: This is a permanent fix for the bug reported on 13/11 on Immunify. We support the implementation, confident that it was thoughtfully reviewed, as Certora also contributed to building the solution.

Proposal: Gauntlet recommendation to reactivate CRV borrowing on v3
Vote: Yae
Reasoning: The risk associated with this asset decreased, and it makes sense to unfreeze it on v3 with the new parameters (a much more conservative exposure to the asset).

Proposal: Sync emergency admin on v2 AMM
Vote: Yae
Reasoning: We support this proposal to make the emergency admin address on the deprecated Aave v2 AMM pool with the one of Aave v2 and v3 Ethereum. It is an operational change, and we want to highlight the good job @BGDLabs does in maintaining the protocol.

Proposal: Activate Proof of Reserve
Vote: Yae
Reasoning: We support this proposal, as it adds another security layer to the price feed on bridge assets. It will become increasingly difficult to manage both versions (v2 and v3) with the constant improvement of v3. The DAO should consider increasing the efforts to deprecate v2.

Proposal: Treasury Management - Add to rETH Holding (resubmission)
Vote: Yae
Reasoning: We supported this proposal on the ARFC stage, and the reasoning can be found here.

Proposal: Chaos Labs V2 Ethereum and Polygon LT Reductions
Vote: Yae
Reasoning: We supported this proposal, but moving forward, karpatkey will become more attentive to LT reductions as we believe that a combination of RF and IR raising has an improved impact on users’ behaviour and does not suddenly liquidate (borrowers) who don’t follow the governance forum. As the main goal is to migrate users and not liquidate their position, we should use different parameters.

Proposal: Increase Polygon wstETH Supply Cap
Vote: Yae
Reasoning: We support this proposal to increase the wstETH supply cap, as there was a governance gove where the community expressed the option that it was acceptable to have up to 75% of the supply cap of an LST to meet the ongoing market demand for depositing. This increase will enable new Aave users to join Aave V3 on Polygon and allow existing users to expand their positions.

Proposal: Increase GHO Borrow Rate 100 bps to ~6.41% on Aave V3
Vote: Yae
Reasoning: We support this proposal to increase the interest in minting GHO. This strategy is showing results, helping to restore the peg. Let’s assess the results to verify what the next move is.

Proposal: TokenLogic & karpatkey Service Provider Partnership
Vote: Abstain
Reasoning: We are a co-author of this proposal and have abstained from casting a vote.

Proposal: Polygon V2 Reserve Factor Updates
Vote: Yae
Reasoning: We support the proposal, but to encourage lenders’ migration, the increase should be higher and coupled with IR increases that act on the demand side.

Proposal: Onboard Native USDC to Aave V3 Markets
Vote: Yae
Reasoning: We support onboarding native USDC on these chains as preparation for deprecating the bridged version.

Proposal: Transfer all CRV positions from Ethereum Mainnet Collector to GLC Safe
Vote: Yae
Reasoning: We support this proposal. It sends CRV tokens to the Liquidity committee, enabling it to manage them according to the more suitable incentive strategy for Aave assets on Curve.

Proposal: Request for Bounty Payout - December 2023
Vote: Yae
Reasoning: Bug bounties are crucial to keep the protocol’s security in check. We support this proposal for this request for the payout to white hats that found issues on Aave’s smart contracts/user interfaces.

Proposal: Treasury Management - Polygon v2 to v3 Migration
Vote: Yae
Reasoning: The Aave DAO should lead by example wherever possible and karpatkey supports the migration of treasury assets from v2 to v3, as this aligns with intending to deprecate Aave v2.

Proposal: Aave Governance V3 Activation Short
Vote: Yae
Reasoning: We support the activation of v3 governance on Aave. It is a major step regarding security and reliability.

1 Like
22

Voting Actions - December 18th – December 22nd

Proposal: [ARFC] Chaos Labs Risk Parameter Updates - WBTC.e on V2 and V3 Avalanche
Vote: Yae
Reasoning: We support this proposal to reduce the market size (LT and LVT reductions) of wBTC.e in favour of BTC.b. The next step would be raising the RF (currently at 10%) and the Base Interest Rate to incentivize lenders and borrowers to deprecate this asset.

Proposal: [ARFC] Chaos Labs - Stablecoin IR Curves Updates
Vote: Yae
Reasoning: We support this proposal to increase the slope1 value to 6% on all stablecoins, on v2 and v3. This will help to control demand, making borrowing more expensive near the Uoptmal. This would drive active borrowers to reduce their positions.

Proposal: Aave Governance V3 Activation Short
Vote: Yae
Reasoning: This is another step to activate Governance v3, and we support these actions.

3 Likes
23

Voting Actions - January 8th – January 12th

Proposal: [TEMP CHECK] Launch Aave V3 on Kava EVM
Vote: YAE
Reasoning: Kava presents a good opportunity to gain exposure to the Cosmos ecosystem, and Kava’s commitment to seed liquidity for up to 50M Kava during the first year is significant.

Proposal: [TEMP CHECK] Add PYUSD to Aave v3 Ethereum Market
Vote: YAE
Reasoning: We support adding the PYUSD stablecoin to the Aave Ethereum V3 market. Its TVL is considerable (268 million), and Paxos will add liquidity on Aave for initial borrowing.

Proposal: [ARFC] Updated Aave Grants Continuation Proposal
Vote: YAE
Reasoning: We support the proposed areas of focus for involving the community by revamping the grants committee and taking steps to measure the impact of the grants better. We recognise that the operational costs of this proposal represent nearly 40% of the total AGD budget, with 30% of those costs residing in compensation. We encourage the provision of a numerically represented impact from this continued budget.

Proposal: [TEMP CHECK] GHO Stability Module Launch
Vote: Option A
Reasoning: We have chosen “Option A” because holding on to the parameters configuration until GHO is back at the target range lets Aave better manage the market uncertainty. It is a vote aligned with the risk service providers’ advice.

Proposal: [TEMP CHECK] Further Aave v1 deprecation strategy
Vote: For
Reasoning: We are continuing our support of the v1 deprecation strategy. We support this phased approach.

Proposal: [ARFC] Retroactive bug bounties proposal (pre-Immunefi)
Vote: For
Reasoning: Bug bounties are an essential tool in mitigating risks, attacks, or unexpected behaviours. We fully support these pre-authorised payment requests.

Proposal: [ARFC] Harmonize USDT Risk Parameters on Aave V3 Markets
Vote: YAE
Reasoning: Did not vote via V3 on-chain.

Proposal: Polygon V2 Reserve Factor Updates
Vote: ==Abstain. (Vote not case to due v3 configuration)
Reasoning: Shared authorship of this proposal.

Proposal: Chaos Labs Risk Parameter Updates - WBTC.e on V2 and V3 Avalanche
Vote: For (Vote not case to due v3 configuration)
Reasoning: We agree with the actions to promote user migration from wBTC.e on v2 and v3, as the Avalanche network is transitioning away from it. Freezing the assets does not let the supply increase, and changing the LT and LTV makes the asset sub-optimal for use as collateral, encouraging the users to withdraw it from the markets.

Proposal: Stablecoin IR Curves Updates
Vote: YAE (Vote not case to due v3 configuration)
Reasoning: We support the increase of the Interest Rate for stablecoins on all Aave deployments. As this makes borrowing more expensive, it can remove some borrowers from the market, reducing the market utilisation rate. Consequently, with it under the Uopt, it becomes more stable and predictable.

Proposal: [TEMP CHECK] Add ggAVAX to AAVE v3 on Avalanche
Vote: YAE
Reasoning: We support this TEMP CHECK to add a ggAVAX, an LST, on the Avalanche v3 market. This type of asset can bring volume to the market, and while we are interested in seeing the risk SP analysis, Aave can foster more diversity and increase its market share on Avax.

Proposal: [TEMP CHECK] Add sFRAX to Ethereum V3
Vote: YAE
Reasoning: Yield-generating assets such as sFRAX are a good addition to Aave as they generate borrowing opportunities for stables. We support this TEMP CHECK.

3 Likes
24

Voting Actions - January 15th – January 19th

Proposal: [TEMP CHECK] Onboard fdUSD to Aave v3 on BSC
Vote: YAE
Reasoning: We support this TEMP CHECK for adding fdUSD on Aave’s BSC deployment. It can drive a wilder adoption of Aave on that chain. The upcoming integration with Binance’s web3 wallet will create a direct link for Binance users to deposit fdUSD in Aave.

Proposal: [ARFC] Update stETH and WETH Risk Params on Aave v3 Ethereum, Optimism and Arbitrum
Vote: YAE
Reasoning: We support this proposal. The rise in the Optimal Ratio and the Reserve Factor factor reduction target increases the supply side, and the rise in the loan-to-value (LTV) and Liquidation Threshold increases the demand side.

Proposal: [ARFC] Treasury Management - GSM Funding & RWA Strategy Preparations
Vote: Abstain
Reasoning: We abstained as we are part of the team proposing it (karpatkey + tokenlongic)

Proposal: [ARFC] Gauntlet recommendation for MAI / MIMATIC deprecation phase 2
Vote: YAE
Reasoning: We supported the first phase of this process and continue to do so. The reasoning remains the same and can be found here.

Proposal: [TEMP CHECK] Aave V3 MVP deployment on Neon EVM Mainnet
Vote: YAE
Reasoning: We support this proposal as Neon is a good candidate for deployment, as it is inserted into an ecosystem with a lot of activity. The team behind it is willing to provide initial liquidity for selected pools. There is enough interest to have a more detailed look at the relevant information on Neon and to get a detailed review from the risk providers and BGD.

Proposal: [ARFC] Aave V3 Deployment on Scroll mainnet
Vote: YAE
Reasoning: This deployment on Scroll ensures Aave’s early positioning as the main lending protocol on that chain, paving the way for another successful implementation. We support this proposal and welcome the initiative of creating a security buffer of 500,000 USD-equivalent stAAVE in the SM.

Proposal: Aave v3 BNB Activation
Vote: YAE
Reasoning: We support the deployment on BNB chain. The synergy between Binance and BNB drives value to the Aave v3 deployment on that chain. We can mention Aave’s integration on Binance web3 wallet, as mentioned in this post, as an example of this. The initial set of assets is well-balanced and comprises the most important on that chain.

1 Like
25

Voting Actions 2024 - January 22nd – January 26th

Proposal: [ARFC] AMPL Interest Rate Updates on V2 Ethereum
Note: YAE
Reasoning: We support this proposal, as the issue on the aAMPL implementation is not in the hands of the BGD Labs. However, reducing the interest will help reduce the problem’s growth rate and not solve it. We should be attentive and keep pushing for a solution from the AMPL team.

Proposal: [ARFC] Introducing “Frontier” - Staking as a Service for the Aave DAO
Note: YAE
Reasoning: This proposal is a good movement towards securing ETH mainnet decentralisation while providing extra revenue for Aave DAO. The requested amount for this trial (32 Stader mini pools of 4 ETH) is reasonable and will give us a good sense of how the performance will be.

Proposal: [ARFC] Add PYUSD to Aave v3 Ethereum Market
Note: YAE
Reasoning: We voted the same way as on the TEMPCHECK, and you can check the reasoning here

Proposal: [ARFC] Gauntlet USDC.e Supply and Borrow Cap Recommendation on Optimism Aave v3
Note: YAE
Reasoning: We support this proposal as it makes sense to increase the caps to reduce the Utilisation Rate at the Optimism V3 market temporarily. As there is no set date for the deprecation of the USDC.e on this chain, we should have some room to manage the market cap there.

Proposal: [ARFC] Recommendation to freeze and set LTV to 0 for DPI on Aave v3 Polygon
Note: YAE
Reasoning: We agree with the freeze on this asset, as there is no interest from the market participants (namely borrowers) to interact with this asset on our platform. The asset is available for a long period without relevant utilisation.

Proposal: [ARFC] Recommendation to freeze and set LTV to 0 for BAL on Aave v3 Polygon
Note: YAE
Reasoning: We agree with the freeze on this asset, as there is no interest from the market participants (namely borrowers) to interact with this asset on our platform. The asset is available for a long period without relevant utilisation.

Proposal: [ARFC] Recommendation to freeze and set LTV to 0 for CRV on Aave v3 Polygon
Note: YAE
Reasoning: We agree with the freeze on this asset, as there is no interest from the market participants (namely borrowers) to interact with this asset on our platform. The asset is available for a long period without relevant utilisation.

Proposal: [ARFC] Recommendation to freeze and set LTV to 0 for SUSHI on Aave v3 Polygon
Note: YAE
Reasoning: We agree with the freeze on this asset, as there is no interest from the market participants (namely borrowers) to interact with this asset on our platform. The asset is available for a long period without relevant utilisation.

Proposal: StkGHO Activation
Note: YAE
Reasoning: The reasoning remains the same of the ARFC phase.

Proposal: GHO Stability Module
Note: YAE
Reasoning: The reasoning remains the same of the ARFC phase.

26

Voting Actions 2024 - January 29th – February 2nd

Proposal: [ARFC] Modify Retroactive bug bounties proposal (pre-Immunefi)
Vote: YAE: Option C
Reasoning: We have full confidence in @bgdlabs judgement and objectivity and stand by their initially proposed award amount. Therefore, we have voted for Option 3, approving the full $65k payout for bounty #3. The BGD team consistently demonstrate fairness and impartiality in these matters.

Although we are not against requests for additional compensation, if there are bona fide deficiencies in the award amounts, we prefer to address them to improve the program rather than promote a culture of bounty awardees launching subsequent proposals. We are unlikely to support extra funding in this specific case.

Proposal: [TEMP CHECK] Onboard RSR to Aave v3
Vote: NAY
Reasoning: This proposal needed more engagement from the Reserve Protocol team in the crucial temp-check phase for us to consider it. Before this recent skyward submission, the last RSR discussion on the forum occurred in 2022.

Proposal: [ARFC] Onboard fdUSD to Aave v3 on BSC
Vote: YAE
Reasoning: Our reasoning in support of this proposal remains the same from the Temp Check phase.

Proposal: [TEMP CHECK] Add gmBTC on Arbitrum V3
Vote: YAE
Reasoning: The gmBTC pool from GMX has over 140 million USD deposited in both assets (BTC and USDC). It is important to notice that, in the end, this is an LP token, but having such an asset available on Aave is interesting, and we support this temp check.

Proposal: Update ETH EMode and WETH Risk Params on Aave v3 Ethereum, Optimism and Arbitrum
Vote: YAE
Reasoning: Our reasoning in support of this proposal remains the same from the ARFC phase.

Proposal: [ARFC] Deprecate Aave V2 AMM Market Phase 2
Vote: YAE
Reasoning: We support the initiatives to migrate liquidity from olders deployents (v1, v2 and v2 AMM) to Aave v3 markets. The changes proposed are reasonable and

Proposal: [TEMP CHECK] Add gmETH on Arbitrum V3
Vote: YAE
Reasoning: Similar to the other gmTOKEN proposal (BTC), we support he initiative of bringing this type of assets to the Arbitrum market.

Proposal: Register a.DI Ethereum → Scroll adapter
Vote: YAE
Reasoning: As a technical requirement for the activation vote of the Aave deployment on Scroll, we support this action.

Proposal: Harmonize USDT Risk Parameters on Aave V3 Markets
Vote: For
Reasoning: We support the actions to normalize the risk parameters and reset the USDT markets to have the same parameters: LTV, liquidation threshold, and liquidation bonus.

Proposal: Treasury Management - GSM Funding & RWA Strategy Preparations (Part 1), Frontier Staking as a Service
Vote: For
Reasoning: In line with the motivation of this proposal, these are necessary preparations and housekeeping actions.

Proposal: Aave V1 Deprecation
Vote: YAE
Reasoning: This is the first phase of the deprecation plan laid down on this discussion. We support this phased approach.

Proposal: AMPL Interest Rate Updates on V2 Ethereum
Vote: YAE
Reasoning: Our reasoning in support of this proposal remains the same from the ARFC phase.

Proposal: Onboard fdUSD to Aave v3 on BNB chain
Vote: YAE
Reasoning: Our reasoning in support of this proposal remains the same from the Temp Check phase.

Proposal: Freeze and set LTV to 0 for DPI, BAL, CRV, and SUSHI on Aave v3 Polygon, 2024.01.19
Vote: YAE
Reasoning: Our reasoning in support of this proposal remains the same from the Temp Check phase.

27

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

28

Voting Actions 2024 - February 12th - February 16th

Proposal: [ARFC] Chaos Labs Risk Parameter Updates - Increase Debt Ceiling for SNX and MKR on V3 Ethereum - 01.31.2024
Vote: YAE
Reasoning: This proposal aims to raise the borrowing cap for MKR and SNX. We support it as the risk providers monitor the values and health factors of the largest borrowers’ accounts.

Proposal: [TEMP CHECK] Onboarding weETH to Aave V3 Ethereum
Vote: YAE
Reasoning: weETH is a Liquid Restaking Token, and we would like to see this asset type available on Aave. We support this TEMP CHECK as it can bring momentum from this narrative.

Proposal: [ARFC] Set Aave Chan Initiative as Emission Manager for fdUSD on BNB Chain Aave V3
Vote: YAE
Reasoning: We support ACI as the emission manager for fdUSD on the BNB Market. A coordination layer is needed when multiple parties want to incentivize a market, and ACI is a good fit for this role.

Proposal: [ARFC] Orbit Program Renewal
Vote: YAE
Reasoning: We support the proposal, as it helps to promote delegate engagement and healthy competition between the delegates to get a higher voting power, fostering more community participation.

Proposal: [TEMP CHECK] Integrate Oval for the BAL & SNX Ethereum V3 Markets
Vote: NAY
Reasoning: This proposal was premature, and we align with the points raised by the tech service provider (BGD Labs), so we want to be extra cautious and wait for this discussion to mature before moving forward with a proposal.

Proposal: [ARFC] Set ARB Emission Admin to Gauntlet
Vote: YAE
Reasoning: The migration from USDC.e to USDC on Arbitrum is needed, and the initiative to incentivize users to do it has our support.

Proposal: [ARFC] Set osETH & SWISE Emission Admin to StakeWise
Vote: YAE
Reasoning: This proposal asks to enable StakeWise to be an emission admin to the osETH market. We support the incentivization of new markets to bootstrap TVL.

Proposal: [ARFC] Deprecate Aave V2 AMM Market - Step 2
Vote: YAE
Reasoning: We supported this proposal on the ARFC phase.

Proposal: Retroactive Bug Bounty Pre-Immunefi
Vote: YAE
Reasoning: We supported this proposal on the ARFC phase.

29

Voting Actions 2024 - February 19th - February 23rd

Proposal: [ARFC] Set OP Emission Admin
Vote: YAE
Reasoning: We support the migration of the bridged USDC.e to the native USDC and the addition of incentives to promote this change in the Aave Optimism Market.

Proposal: [ARFC] Set ETHx and SD Emission Admin to Stader Labs
Vote: YAE
Reasoning: We support adding incentives on Aave markets to support the growth and adoption of the listed assets.

Proposal: [ARFC] Amend Safety Module Emissions
Vote: YAE
Reasoning: This change makes the emissions more balanced and provides a boost to the stkGHO component of the SM. We support the proposal, as it secures GHO as a valuable asset for the Safety Module.

Proposal: Set Aave Chan Initiative as Emission Manager for fdUSD on BNB Chain Aave V3
Vote: YAE
Reasoning: We supported this proposal on the ARFC phase

Proposal: Chaos Labs Risk Parameter Updates - Increase Debt Ceiling for SNX and MKR on V3 Ethereum - 01.31.2024
Vote: YAE
Reasoning: We supported this proposal on the ARFC phase

Proposal: [ARFC] Merit - A New Aave-Alignment User Reward System
Vote: YAE
Reasoning: We supported this proposal on the TEMP CHECK phase, and our reasoning remains the same.

Proposal: Reserve Factor Updates (February 15, 2024)
Vote: YAE
Reasoning: We support the reserve Factor increases up to 99% to deprecate the v2 Markets on Polygon.

30

Voting Actions 2024 - February 26th – March 1st

Proposal: [ARFC] Enable Metis as Collateral on Metis Chain
Vote: YAE
Reasoning: We support the addition of Metis as collateral as it can potentially increase the adoption of the platform at that chain.

Proposal: ARFC. Stable rate deprecation
Vote: YAE
Reasoning: This is the last step to mitigate the risks associated with the white hat report about a vulnerability in this feature, and we support deprecating it.

Proposal: [ARFC] Chaos Labs - Update WETH IR on V3 Arbitrum and Optimism - 02.16.2024
Vote: YAE
Reasoning: This proposal asks for an interest rate decrease on wETH in the Optmism and Arbitrum Markets to increase utilization. As the main use of this asset is to perform a “looping” strategy with LSTs, we believe this action will have results and support it.

Proposal: [ARFC] Funding Update
Vote: YAE
Reasoning: We support this proposal. This is a list of transactions to secure funding for the current initiatives that are in place on Aave DAO.

Proposal: [TEMP CHECK] Add rsETH to Aave V3 Ethereum
Vote: YAE
Reasoning: We support the addition of a Liquid Restaking Token on Aave, and Kelp’s rsETH is one of the biggest ones in the market, so we are interested to see the risk provider’s suggestion on the parameters for this type of asset.

Proposal: [TEMP CHECK] GHO Cross-Chain Strategy Launch with CCIP
Vote: YAE
Reasoning: We agree to adopt the Chainlink Cross-Chain Interoperability Protocol (CCIP) to initiate the GHO cross-chain strategy. This is a battle-tested protocol, and we are willing to see the details of its implementation in the ARFC phase.

Proposal: MaticX Supply Cap Increase in Polygon V3
Vote: YAE
Reasoning: The reasoning remains the same as on the ARFC phase

Proposal: Orbit Program
Vote: YAE
Reasoning: The reasoning remains the same as on the ARFC phase

Proposal: Aave Protocol Embassy
Vote: YAE
Reasoning: The reasoning remains the same as on the ARFC phase

Proposal: Treasury Management - GSM Funding & RWA Strategy Preparations (Part 2)
Vote: YAE
Reasoning: These are necessary preparations and housekeeping actions to secure funding for the current (and future) initiatives from Aave DAO

Proposal: Stable Rate Bug Bounty
Vote: YAE
Reasoning: We support the payment for the bug bounty.

Proposal: Aave V1 Deprecation Phase 2
Vote: YAE
Reasoning: This is the second phase of the deprecation plan laid down on this discussion. We support this phased approach.

Proposal: Set Liquidity Observation Labs as Emission manager for wstETH on V3 markets
Vote: YAE
Reasoning: The reasoning remains the same as on the ARFC phase

Proposal: GHO Borrow Rate Increase 2024-02-29
Vote: YAE
Reasoning: This is a proposal following the framework laid down by AIP-381. We supported that proposal and this one.

Proposal: Reserve Factor Updates (February 29, 2024)
Vote: YAE
Reasoning: We supported the previous proposals and the strategy of raising the R to 99%.

31

Voting Actions 2024 - March 4th – March 8th

Proposal: [ARFC] Onboard weETH to Aave v3 on Ethereum
Vote: YAE
Reasoning: We support onboarding new assets like weETH into the Ethereum v3 Market, making Aave a logical place for its users to deposit their capital. The parameters validated by Chaos Labs are reasonable and allow the protocol to better understand the market dynamics of this new asset before providing higher caps.

Proposal: [ARFC] Add gmBTC on Arbitrum V3
Vote: YAE
Reasoning: This proposal seeks to onboard two GMX pool tokens: gmBTC and gmETH. We support the proposal and agree with Chaos Labs’ rationale for quantifying the caps for each asset.

Proposal: [ARFC] Ethereum v2 Reserve Factor Adjustment
Vote: YAE
Reasoning: We supported the previous versions of this proposal, and the rationale remains the same: We welcome the initiative of migrating users from Aave v2 to Aave v3.

Proposal: [ARFC] Stablecoin Harmonization and Asset Parameters Optimization
Vote: YAE
Reasoning: We support this proposal as we agree with focusing on the assets in demand on our platform, minimising the risks associated with unused assets.

Proposal: [ARFC] Aave Liquidity Committee Funding
Vote: YAE
Reasoning: The Aave Liquidity Committee manages the GHO peg strategy and the incentives to achieve this goal. We support the funding for three more months.

Proposal: [ARFC] Set Liquidity Observation Labs as Emission manager for wstETH on Scroll
Vote: YAE
Reasoning: As with the other chains, we support choosing it as the Emission manager for wstETH.

Proposal: Assign Emission Admin - Ethereum, Arbitrum and Optimism
Vote: YAE
Reasoning: We supported the associated ARFCs, and our reasoning remains the same.

32

Voting Actions 2024 - March 11th – March 15th

Proposal: [ARFC-Addendum] Introduce “Hold StkGHO” Reward Action
Vote: YAE
Reasoning: We support the proposed changes. Adding the “hold stkGHO” action balances the program by incentivizing an action that is more aligned with the DAO’s goals.

Proposal: [ARFC] Add gmETH on Arbitrum V3
Vote: YAE
Reasoning: We support this proposal as we agree that integrating gmETH as a collateral asset has the potential to increase demand for borrowable assets on Aave V3, driving the TVL up and generating more fees to the protocol.

Proposal: [TEMP CHECK] Onboard wbETH on Aave V3 BNB Chain
Vote: YAE
Reasoning: We support introducing Liquid Staked Tokens as collateral types on Aave as a general rule, and we believe that wBETH is a good asset to add to our BNB Chain market.

Proposal: [TEMP CHECK] Onboard BNBx on Aave V3 BNB Chain
Vote: YAE
Reasoning: We support introducing Liquid Staked Tokens as collateral types on Aave as a general rule, and we believe that BNBx is a good asset to add to our BNB Chain market.

Proposal: [TEMP CHECK] Onboard sUSDe to Aave V3 on Ethereum
Vote: YAE
Reasoning: We support introducing Liquid Staked Tokens as collateral types on Aave as a general rule, and we believe that SUSDe is a good asset to add to our Ethereum market. It has the potential to drive utilization up in several assets.

Proposal: [ARFC] Set Aave Chan Initiative as Emission Manager for PYUSD on Aave V3 Ethereum Market
Vote: YAE
Reasoning: We support a unique point of contact to manage the emissions of a market and coordinate the partners’ initiatives. ACI is a perfect fit for this role.

Proposal: [ARFC] Set Aave Chan Initiative as Emission Manager for sUSD on Aave V3 Optimism
Vote: YAE
Reasoning: We support a unique point of contact to manage the emissions of a market and coordinate the partners’ initiatives. ACI is a perfect fit for this role.

Proposal: Merit Approvals
Vote: YAE
Reasoning: We supported this proposal at the ARFC stage, and the reasoning remains the same.

Proposal: Funding Update
Vote: YAE
Reasoning: We support the actions to prepare the treasury for the upcoming expenses and the transfer of BAL and CRV to the ALC.

Proposal: Amend Safety Module Emissions
Vote: YAE
Reasoning: We supported this proposal at the ARFC stage, and the reasoning remains the same.

Proposal: Set Price Cap Adapters (CAPO)
Vote: YAE
Reasoning: We supported this proposal at the ARFC stage, and the reasoning remains the same.

Proposal: Activation of A-C Prime Foundation
Vote: Against
Reasoning: We believe there is a better time to deploy capital to this initiative. These funds will have a better performance remaining on DeFi for the time being, but we are open to revisit this topic in the near future.

Proposal: addFlashborrowers
Vote: YAE
Reasoning: We supported this proposal on the ARFC stage, and the reasoning remains the same.

Proposal: Ethereum v2 Reserve Factor Adjustment
Vote: YAE
Reasoning: We supported this proposal at the ARFC stage, and the reasoning remains the same.

Proposal: GHO Borrow Rate Increase
Vote: YAE
Reasoning: We support the change of the interest rate. The proposal is within the parameters set by AIP-381, and the values look reasonable to maintain GHO borrowing costs aligned with the current market.

2 Likes
33

Voting Actions 2024 - March 18th – March 22nd

Proposal: [TEMP CHECK] Onboard sUSDe to Aave V3 on Ethereum
Vote: YAE
Reasoning: We support the addition of sUSDe as an asset on v3. Ethena is doing an excellent job in secure TVL for the token.

Proposal: [ARFC] TUSD and BUSD Aave V2 Rate Amendments
Vote: YAE
Reasoning: We support the recommendations made by the risk provider Chaos Lab.

Proposal: [ARFC] Stablecoin IR Curve Amendment on Aave V2 and V3
Vote: Aggressive
Reasoning: We supported this IR raise and chose the Aggressive option to adjust it to the volatile market.

Proposal: [ARFC] BGD <> Aave Phase 3 (2 scopes)
Vote: YAE
Reasoning: BGD has been a solid contributor to the Aave DAO, and we support this proposal. The scope is well-defined; they will tackle an item that needs an update (the Safety Module), and we believe they have the expertise to do it.

Proposal: [TEMP CHECK] Onboard Catapulta as Aave V3 Deployment Service Provider
Vote: YAE
Reasoning: We support this proposal, as it will offload some work from BGD and has a specific scope, with a reasonable asking price for the job.

Proposal: [ARFC] Chaos Labs - Borrow Cap Reductions on Aave Ethereum - 03.11.24
Vote: YAE
Reasoning: It is a good practice to clean markets that don’t have enough utilisation and are from assets that don’t have sustainable on-chain liquidity. We support the proposal to reduce Aave DAO’s exposure to this type of asset.

Proposal: Generalized LT/LTV Reduction on Aave
Vote: YAE
Reasoning: We support this proposal. By lowering the LT/LTV, we have more room to support price changes and eventual liquidations caused by sudden price drops.

Proposal: [ARFC] Onboard osETH to Aave V3 on Ethereum
Vote: YAE
Reasoning: As a general rule, we support the listing of LSTs. StakeWise V3 has interesting features for their stakers, and we believe that onboarding osETH will benefit Aave, StakeWise, and the Ethereum ecosystem as a whole.

Proposal: Aave Liquidity Committee Funding
Vote: YAE
Reasoning: We supported this proposal on the ARFC phase, and the reasoning remains the same.

Proposal: v3 Periphery maintenance
Vote: YAE
Reasoning: This is a technical proposal from BGD Labs to do minor improvements on two Aave v3’s periphery components.

Proposal: Reserve Factor Updates (March 13, 2024)
Vote: YAE
Reasoning: This AIP is a continuation of proposal 41 on Governance v3 and increases the Reserve Factor (RF) for assets on Polygon v2 by 5.00%, up to a maximum of 99.99%.

Proposal: Update a.DI implementation and CCIP adapters
Vote: YAE
Reasoning: This is a technical proposal from BGD Labs to bring the CCIP Bridge Adapters up to date with the latest bridge provider specifications, and updating the logic to ease and standardize off chain tracking of a.DI contracts and events.

Proposal: stablecoin harmonization
Vote: YAE
Reasoning: We supported this proposal on the ARFC phase, and the reasoning remains the same.

34

Voting Actions 2024 - March 25th – March 29th

Proposal: [ARFC] GHO Stewards + Borrow Rate Update
Vote: YAE
Reasoning: We support this proposal to raise the IR in response to market conditions and to give the GHO Stewards more room for manoeuvre when the volatility increases and swift actions are needed.

Proposal: [ARFC] Reset Aave v3 Deployment Pipeline
Vote: YAE
Reasoning: Given that those votes happened long ago and the market conditions changed, we support this proposal. However, we should add a reasonable deployment timeframe, so the pipeline doesn’t become bloated.

Proposal: [TEMP CHECK] Onboard LlamaRisk as Aave Risk Service Provider
Vote: YAE
Reasoning: LlamaRisk has a good tracking record working with Curve and could be a good addition to Aave Ecosystem as a Risk Service Provider.

Proposal: [ARFC] Avalanche v2 Reserve Factor Adjustment
Vote: YAE
Reasoning: We support this proposal to increase Aave v2 Avalanche Reserve Factor (RF) to encourage users to migrate to Aave v3.

Proposal: Ethereum v2 Reserve Factor Adjustment
Vote: YAE
Reasoning: We supported the original proposal and the reasoning remains the same. This AIP increases the Reserve Factor (RF) for assets on Ethereum v2 by 5.00%, up to a maximum of 99.99%.

Proposal: Remove ARB from Isolation Mode on Arbitrum
Vote: YAE
Reasoning: We are the authors of this proposal.

Proposal: Aave BGD Phase 3
Vote: YAE
Reasoning: We supported this proposal in the ARFC phase, and our reasoning remains the same. BGD Labs is a solid contributor to the Aave Ecosystem, and we are happy to have them onboard.

Proposal: Contango FlashBorrower
Vote: YAE
Reasoning: This AIP is the following of AIP 48 that added 4 protocols into the FlashBorrower protocol whitelist. Contango is requesting the whitelisting to al chains (except for Metis), and we support this request.

Proposal: Activate Gho Stewards
Vote: YAE
Reasoning: We support the creation of the GHO Stewards, as it will allow better management of the GHO stablecoin by Risk, Growth & Finance Aave DAO service providers

35

Voting Actions 2024 - April 1st – April 5th

Proposal: [ARFC] aAMPL interim distribution
Vote: YAE
Reasoning: We support this proposal to help current suppliers remove their liquidity while we address the situation and resolve the issue.

Proposal: [ARFC] Onboard Catapulta as Aave V3 Deployment Service Provider
Vote: YAE
Reasoning: We supported this proposal during the TEMP CHECK phase, and the reasoning remains the same.

Proposal: [TEMP CHECK] Onboard ezETH to Aave V3 Ethereum
Vote: YAE
Reasoning: We support adding an LRT asset on Aave. Renzo Protocol, one of the biggest LRT protocols, and ezETH can bring volume and more platform utilisation.

Proposal: [TEMP CHECK] Onboard OpenBlock as Aave Risk Service Provider
Vote: YAE
Reasoning: Having more service provider options to choose from is beneficial to the AaveDAO. We support this proposal so we can compare all the participants on the ARFC stage and make a decision on this matter.

Proposal: [TEMP CHECK] Allez Labs risk provider proposal to Aave DAO
Vote: YAE
Reasoning: Having more service provider options to choose from is beneficial to the AaveDAO. We support this proposal so we can compare all the participants on the ARFC stage and make a decision on this matter.

Proposal: GHO Stewards + Borrow Rate Update
Vote: YAE
Reasoning: We supported this proposal during the ARFC phase, and the reasoning remains the same.

Proposal: Funding Update (Part B)
Vote: YAE
Reasoning: This proposal is a continuation of governance proposal 44. We supported the previous proposal, and the reasoning remains the same.

Proposal: EURe Emissions Manager
Vote: YAE
Reasoning: We support having the Aave Chan Initiative (ACI) as the emission manager for EURe on the Gnosis Chain to coordinate the efforts of different protocols that want to incentivize this asset.

Proposal: Borrow Cap Reductions on Aave V3 Ethereum
Vote: YAE
Reasoning: We supported this proposal during the ARFC phase, and the reasoning remains the same.

Proposal: TUSD and BUSD Aave V2 Rate Amendments
Vote: YAE
Reasoning: We supported this proposal during the ARFC phase, and the reasoning remains the same.

Proposal: Update WETH IR on V3 Arbitrum and Optimism
Vote: YAE
Reasoning: We supported this proposal during the ARFC phase, and the reasoning remains the same.

Proposal: ReserveFactorUpdates
Vote: YAE
Reasoning: This proposal is a continuation of governance proposal 54. We supported the previous proposal, and the reasoning remains the same.

Proposal: StablecoinIRUpdates
Vote: YAE
Reasoning: We supported this proposal during the ARFC phase, and the reasoning remains the same.

Proposal: Native bridge adapters update
Vote: YAE
Reasoning: We support this proposal, which updates the Native bridge adapters used on a.DI, making the gas limit configuration more optimised.

1 Like
36

Voting Actions 2024 - April 8 – April 12th

Proposal: [ARFC] Onboard wbETH to Aave v3 BNB Chain
Vote: YAE
Reasoning: We supported this proposal on the TEMP CHECK phase and the reasoning remains the same.

Proposal: [ARFC] Onboard sUSDe to Aave V3 on Ethereum
Vote: YAE
Reasoning: We supported this proposal on the TEMP CHECK phase and the reasoning remains the same.

Proposal: [ARFC] Risk Parameters for DAI Update
Vote: YAE
Reasoning: We support this proposal with the parameters suggested by Chaos Lab as it provides room to assess the results of these changes and also to follow the development of the current changes on DAI collateral composition.

Proposal: [ARFC-Addendum] Update Boosters & diluters for Merit Round 2
Vote: YAE
Reasoning: We support the conservative option, as we believe that this change is reasonable.

Proposal: [ARFC] Polygon v2 Borrow Rate Adjustments
Vote: YAE
Reasoning: We support the continuity of migrating users from v2 to v3 and agree that increasing the cost for borrowers is a direct call to action that likely will produce the desired results.

Proposal: Generalized LT/LTV Reduction on Aave
Vote: YAE
Reasoning: We supported this proposal on the TEMP CHECK phase and the reasoning remains the same.

Proposal: Upgrade AMPL implementation
Vote: YAE
Reasoning: We supported this proposal on the TEMP CHECK phase and the reasoning remains the same.

Proposal: Reserve Factor Updates
Vote: YAE
Reasoning: We supported this proposal on the TEMP CHECK phase and the reasoning remains the same.

Proposal: weETH Onbaording
Vote: YAE
Reasoning: We supported this proposal on the TEMP CHECK phase and the reasoning remains the same.

37

Voting Actions 2024 - April 15th – April 19th

Proposal: [ARFC] Chaos Labs Risk Parameter Updates - OP on V3 Optimism
Vote: YAE
Reasoning: We support this proposal, as there is enough liquidity on chain to support the increase of the LT and LTV.

Proposal: [ARFC] - Chaos Labs Engagement Amendment
Vote: YAE
Reasoning: We support Chaos Labs’ amendment request, as they demonstrated to be a reliable partner, and the workload increased since the initial terms were agreed on.

Proposal: [ARFC] Chaos Labs Risk Parameter Updates - GNO on V3 Gnosis
Vote: YAE
Reasoning: We support this proposal, as there is enough liquidity on chain to support the increase of the LT, LTV and Debt ceiling.

Proposal: [ARFC] “Merit is Forever” Reward System Program Extension
Vote: YAE
Reasoning: We support Merit’s extension as it drove more TVL to the platform and is a good incentive mechanism for Aave users.

Proposal: [ARFC] Onboard New Risk Service Provider
Vote: Onboard LlamaRisk
Reasoning: The cost of their proposal was the most reasonable one, and they have a good track record on risk analysis on Curve.

Proposal: [TEMP CHECK] GHO Cross-Chain Rollout Plan - First Network
Vote: Arbitrum
Reasoning: We supported Arbitrum as it is the leading L2 on the most relevant metrics, and we believe it is the right chain to start the GHO expansion.

Proposal: Interim aAMPL distribution
Vote: For
Reasoning: We supported this proposal during the ARFC phase, and the reasoning remains the same.

Proposal: weETH Arbitrum onboarding
Vote: For
Reasoning: We supported this proposal during the ARFC phase, and the reasoning remains the same.

Proposal: Mainnet PYUSD Emissions Admin
Vote: For
Reasoning: We support ACI as the the emissions manager for PYUSD on Aave V3 Ethereum Market.

Proposal: Optimism susd Emission Admin
Vote: For
Reasoning: We support ACI as the emissions manager for sUSD on Aave V3 Optimism Market.

Proposal: Scroll wstETH Emission Manager
Vote: For
Reasoning: We support setting Liquidity Observation Labs wallet as the emission manager for the wstETH token on Scroll.

Proposal: Temporary Freeze of Long-Tail V2 Assets
Vote: For
Reasoning: Given the recent market volatility, we support this direct-to-AIP temporary freeze of all non-major assets across V2: USDP, GUSD, LUSD, FRAX, sUSD, and AAVE.

Proposal: Ethereum V2 LT Reductions
Vote: For
Reasoning: We support these LT reductions for v2 frozen assets as part of the Aave V2’s deprecation.

Proposal: Set Price Cap Adapters for Aave V2
Vote: For
Reasoning: We support this CAPO extension to the v2 markets ( fiat-pegged stable coins on Aave V2 pools) and the other updates bundled with it.

Proposal: LayerZero bridge adapter update to V2
Vote: For
Reasoning: We support this proposal, as it updates the LayerZero bridge adapters used on a.DI to connect Ethereum with Polygon, Avalanche, Binance and Gnosis to the new LayerZero V2 version.

Proposal: Risk Parameter Updates - OP on V3 Optimism
Vote: For
Reasoning: We support this proposal, as there is enough liquidity on chain to support the increase of the LT and LTV.

38

Voting Actions 2024 - April 22nd – April 26th

Proposal: [TEMP CHECK] Introducing “FastPass” - A Safety Module Update
Vote: YAE
Reasoning: We support the creation of the Fast Pass as a way to add flexibility to the SM. Now, the users will have different options and can act according to their strategies. The parameters laid down seem reasonable.

Proposal: [ARFC] Update Aave Liquidity Committee SAFE
Vote: YAE
Reasoning: We support the change on the ALC SAFE for 3 of 5 signers and the openness to return to the previous setup if the new risk provider is willing to participate.

Proposal: [TEMP CHECK] Onboard ggAVAX to Aave V3 on Avalanche
Vote: YAE
Reasoning: As a general rule, we support adding LST assets on Aave, as they have the potential to increase revenue and bring more volume to the protocol.

Proposal: [ARFC] aAMPL Second Distribution
Vote: YAE
Reasoning: We support this follow-up proposal regarding the AMPL issue on Aave. This creates the opportunity for the user to remove their liquidity and for Aave to move forward and end this asset offering in the platform.

Proposal: [ARFC] Updating weETH Risk Parameters
Vote: YAE
Reasoning: We support this proposal, as expanding borrow capacity will result in a higher collateral yield, creating a positive flywheel effect on supply and demand.

Proposal: [ARFC] Aave v3.1 activation
Vote: YAE
Reasoning: We support this upgrade on the v3 platform.

Proposal: Chaos Labs Engagement Amendment
Vote: For
Reasoning: We supported this proposal on the ARFC phase, and the reasoning remains the same.

Proposal: V2 Stable Debt Offboarding
Vote: For
Reasoning: We support ending stable rate loans on Aave, as this method is deprecated in practice, so it is better to move the users’ funds to a supported lending setup.

Proposal: Risk Parameters for DAI Update
Vote: For
Reasoning: We supported this proposal on the ARFC phase, and the reasoning remains the same.

Proposal: Risk Parameter Updates GNO on V3 Gnosis
Vote: For
Reasoning: We supported this proposal on the ARFC phase and the reasoning remains the same.

Proposal: Reserve Factor Updates
Vote: For
Reasoning: We support this proposal, as it encourages users to migrate from Aave v2 instances to the enhanced v3 version.

Proposal: Onboard Llamarisk as a Risk Provider
Vote: For
Reasoning: We voted for LlamaRisk on the ARFC phase, and the reasoning remains the same.

Proposal: stkGHO Incentives
Vote:
Reasoning: We support re-enabling stkGHO incentives emissions for 180 days, as it is an important mechanism for bringing more users willing to lock their assets.

39

Voting Actions 2024 - April 29th – May 3rd

Proposal: [TEMP CHECK] Add AERO to Base V3
Vote: YAE
Reasoning: We support this proposal as we believe there is demand for AERO lending on BASE, and it is a good movement to increase our token offering on that chain.

Proposal: [ARFC]. BGD. Aave v3.1 Cantina competition
Vote: For
Reasoning: We support this proposal, agreeing that this type of security competition can add extra security value, as many auditors review our code.

Proposal: [TEMP CHECK] Onboard tBTC to Aave v3 on Ethereum, Arbitrum and Optimism
Vote: YAE
Reasoning: We support the onboarding of tBTC as an asset on Aave. Threshold Network is committed to boosting rewards with the Arbitrum LTIPP grant, which is a good opportunity for our users.

Proposal: [ARFC] ACI Phase III - “Ad Astra”
Vote: YAE
Reasoning: ACI provides a valuable service for Aave DAO, enhancing the results of all areas to which it is committed. We support this extension and are happy to work alongside such a professional team.

Proposal: [ARFC] Deprecation of Small-cap Stablecoins on V2 Ethereum
Vote: YAE
Reasoning: We support the deprecation of these assets that don’t have significant utilization.

Proposal: Hyperlane bridge adapter update to V3
Vote: For
Reasoning: We support this upgrade on the bridge Hyperlane bridge adapters used on a.DI to connect Ethereum with Polygon, Avalanche, Binance and Gnosis to the new Hyperlane V3 version.

Proposal: aAMPL Second Distribution
Vote: For
Reasoning: We supported this on the ARFC phase, and the reasoning remains the same.

Proposal: StablecoinIRUpdates
Vote: For
Reasoning: This is a follow-up from proposal 69, and we continue to support the adjustments to stablecoins’ interest rate better to reflect the market conditions swiftly.

Proposal: Updating weETH Risk Parameters
Vote: For
Reasoning: We supported this on the ARFC phase, and the reasoning remains the same.

Proposal: Polygon V2 Reserve Factor Updates & Interest Rate Increases
Vote: For
Reasoning: This is a follow-up from proposal 68, and we continue to support these updates.

Proposal: Aave v3.1 Cantina competition
Vote: For
Reasoning: We supported this on the ARFC phase, and the reasoning remains the same.

40

Voting Actions - May 6th - 10th

Proposal: [ARFC] Onboard ggAVAX to Aave V3 on Avalanche
Vote: YAE
Reasoning: We support the introduction of this token on the Avalanche market with the conservative parameters suggested by the risk providers, as it increases the asset availability there.

Proposal: [ARFC] Renewal of Aave Guardian - 2024
Vote: YAE
Reasoning: We support this proposal. The Aave Guardians have a set of specific duties, and the individuals/entities chosen for both multisigs are well capable of performing this task.

Proposal: [ARFC] LT/LTV Reductions on Aave V2 Stablecoins
Vote: YAE
Reasoning: We support the alignment between the V2 and V3 markets on the LT and LTV values for stablecoins.

Proposal: [ARFC] Safety Module stkGHO - Rewards Adjustment
Vote: YAE
Reasoning: We support this adjustment on the rewards token (from AAVE to GHO), as the GHO revenue is capable of sustaining this change. It adds more demand on the GHO token while reducing AAVE spending.

Proposal: [TEMP CHECK] Add rsETH to Aave V3 Ethereum
Vote: YAE
Reasoning: We support introducing more LRT protocols and want to see the TEMP CHECK go to the ARFC phase and get the risk providers’ analysis.

Proposal: [TEMP CHECK] Add AERO to Base V3 * Reproposal
Vote: YAE
Reasoning: There is room for this type of token on Aave, and we would like to see the risk provider analysis of its feasibility.

Proposal: Aave V1 Deprecation Phase 3
Vote: For
Reasoning: This is the third phase of the deprecation plan laid down on this discussion. We support this phased approach.

Proposal: ACI Ad Astra
Vote: For
Reasoning: We supported this proposal on the ARFC phase, and the reasoning remains the same.

Proposal: Generalized LT/LTV Reductions on Aave V3 Step 2
Vote: For
Reasoning: This is the continuation of the phase I reduction of LT and LTV for stablecoins. We supported that phase and this one, as we believe having more conservative parameters is prudent.

Proposal: Reserve Factor Upgrades
Vote: For
Reasoning: We support this proposal, as it is part of the ongoing effort to encourage users to migrate from v2 to v3 by raising the Reserve Factors for the selected assets on the Ethereum market and now on the Avalanche market.

Proposal: April Finance Update
Vote: For
Reasoning: This proposal is a report detailing all actions performed by Aave Finance in April to fulfil the funding needs of the current and upcoming initiatives approved by the Aave DAO.

Proposal: osETH Onboarding
Vote: For
Reasoning: We supported this proposal on the ARFC phase, and the reasoning remains the same.