# LBS Blockchain Society Delegate Platform **URL:** \ **Category:** Delegate Platforms\ **Created:** [October 12, 2022, 4:32pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254 "2022-10-12T16:32:11Z")\ **Posts on this page:** 20\ **Page:** 13
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 7, 2023, 10:22am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/242 "2023-05-07T10:22:48Z")
**Supply and Borrow Cap Updates Aave V3** _Vote Result_: YES _ **Rationale** _ The supply or borrow caps for these assets have reached the 75% utilisation threshold and need to be increased. Given that the increases are in line with the Supply and Borrow Cap Methodology and the Aave v3 Caps Framework, and stick to increasing either cap by a max of 100%, we are in favour of this proposal and will vote YES. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 9, 2023, 9:26am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/243 "2023-05-09T09:26:26Z")
**[ARFC] - GHO Facilitator Onboarding Process and Application** _Vote Result_: YES _ **Rationale** _ The process is simple and straightforward and makes sense. The sample applications are detailed and provide a lot of information to the community about the applicant and their rationales for wanting to be facilitators. Therefore, we will vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 11, 2023, 10:27am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/244 "2023-05-11T10:27:37Z")
**[ARFC] Aave V3 Interest Rate Curve Changes (2023-04-27)** _Vote Result_: YES _ **Rationale** _ Making these interest rate curve changes would enable an increase in revenue for the protocol, and Gauntlet’s methodology is well-explained in the post. Making these changes would allow for more information to be gathered about user behaviour in response to interest rate changes, informing more pinpointed interest rate parameters going forward. Moreover, the changes can be rolled back in case of unexpected user behaviour, and there does not seem to be too much additional risk from these changes at the moment. Therefore, we will vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 11, 2023, 10:28am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/245 "2023-05-11T10:28:57Z")
**[ARFC] E-Mode Specific Supply and Borrow Caps** _Vote Result_: Option 1: Add EM Specific Caps _ **Rationale** _ E-mode specific caps for every LST-base asset pair maximises capital efficiency and siloes the risk due to the differences in characteristics between different LSTs. Gauntlet’s methodology is sensible and this vote is not on how aggressive the caps are - since it is only implementing e-mode specific caps. However, we would be in favour of e-mode specific pools as well, without having an opinion yet on an aggressive or conservative cap option. Therefore, we will vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 11, 2023, 10:30am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/246 "2023-05-11T10:30:16Z")
**Add MAI to Aave Optimism V3 Pool** _Vote Result_: YES _ **Rationale** _ This is the on-chain vote for this [Snapshot proposal](https://snapshot.org/#/aave.eth/proposal/0x5c5de0a7cb87170f6b0f28da20c079f9c89350125fffa9f80e0f60cc3c9d43ea) that we voted in favour of according to our rationale posted [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/219). Therefore, we will vote YES in favour of this AIP as well, especially given the consensus on risk parameters between Gauntlet and Chaos Labs. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 11, 2023, 10:31am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/247 "2023-05-11T10:31:37Z")
**Add MAI to Aave Arbitrum V3 Pool** _Vote Result_: YES _ **Rationale** _ This is the on-chain vote for this [Snapshot proposal](https://snapshot.org/#/aave.eth/proposal/0xef9654757a0d1aaec6f970f444ce54cfb2d6c2af0ccbfeb9a182acd51919453c) that we voted in favour of according to our rationale posted [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/218). Therefore, we will vote YES in favour of this AIP as well, especially given the consensus on risk parameters between Gauntlet and Chaos Labs. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 11, 2023, 10:32am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/248 "2023-05-11T10:32:35Z")
**MaticX Supply Cap Increase Polygon v3 and AGD Approval** _Vote Result_: ABSTAIN _ **Rationale** _ There was no mention of the AGD-related implementation on the forum and we are in agreement with @MarcZeller. We will also abstain on this AIP to make sure this does not happen again - Llama mentioned the AGD component last in January and there needs to be better signposting on what delegates need to vote on and provide the requisite information. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 11, 2023, 11:02am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/249 "2023-05-11T11:02:38Z")
**[TEMP CHECK] Defining the Service Provider & Delegation Platform Relationship** _Vote Result_: Option 2 - Incentivised Delegates Program excluding Service Providers _ **Rationale** _ First, delegates should be rewarded for their efforts put into governance and should receive more than a gas rebate, which only justify the cost of voting. Secondly, existing service providers who also act as a delegate should not be compensated for delegation as there is a conflict of interest if additional payment for governance is given to service providers, which may lead to malicious decisions and unintentional results. As a delegate on Aave, we are inclined to vote for Option 2 and are in alignment with the rest of the commenters on the forum (@fig, @Kene_Anode, @MarcZeller). ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 11, 2023, 11:06am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/250 "2023-05-11T11:06:17Z")
**[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH** _Vote Result_: Option 2 - Migrate to a 80/20 AAVE/wstETH v2 pool _ **Rationale** _ We understand there is a need to migrate the Aave Safety Module as a result of the now deprecated Balancer pool. We support Chaos’ recommendation for migrating to a 80/20 AAVE/stETH v2 pool to improve capital efficiency from stETH while limiting the impact of impermanence loss in the equally weighted pool. Therefore, we will vote YES for Option 2 on this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 12, 2023, 9:58pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/251 "2023-05-12T21:58:51Z")
**Upgrade the safety module to v1.5 PART 2** _Vote Result_: YES _ **Rationale** _ Given our vote in favour of PART 1 of upgrading the safety module to v1.5 according to our vote [here](https://app.aave.com/governance/proposal/?proposalId=214) and rationale [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/237), we will also vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 15, 2023, 8:58am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/252 "2023-05-15T08:58:35Z")
**Aave V2 Interest Rate Curve Changes (4-21)** _Vote Result_: YES _ **Rationale** _ This is the on-chain vote for this [Snapshot proposal](https://snapshot.org/#/aave.eth/proposal/0x65b77de92c88a6046a9179abe8e67d5c0e9e4203eace4425aac215dbb7d5a885) that we voted in favour of according to our rationale posted [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/232). Therefore, we will vote YES in favour of this AIP as well, and are aligned with Gauntlet on the need to minimise governance overhead and another Snapshot vote even with the inconsistencies outlined in the forum post. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 10:06am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/253 "2023-05-17T10:06:49Z")
**[ARFC] Consolidate Collector Contract & Secure Service Provider Runway** _Vote Result_: YES _ **Rationale** _ There is a need to secure Aave’s runway to pay service providers in streaming contracts and there is a clear shortfall from the Aave aUSDC stablecoin runway, with the cost of service providers grossly exceeding v2 aUSDC revenue. Given that there are multiple types of USDC and other long-tail stablecoins on Aave which are not being deployed to earn yield, it is better to consolidate these to pay service providers, with the same being applied to the fees accumulated on Paraswap which would be better utilised in paying service providers. Therefore, we are in favour of this proposal and will vote YES. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 10:10am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/254 "2023-05-17T10:10:09Z")
**[ARFC] Migrate Holdings from v2 to v3 and acquire wstETH and rETH** _Vote Result_: YES _ **Rationale** _ Redeeming assets from Aave v2 and depositing them into v3 makes sense given the broader move to v3. Converting wETH and ETH to wstETH and rETH also makes sense to maximise Aave’s revenue potential and increase the capital efficiency of the treasury. Therefore, we will vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 11:54am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/255 "2023-05-17T11:54:20Z")
**[ARFC] Add LUSD Arbitrum v3** _Vote Result_: YES _ **Rationale** _ Listing LUSD as a borrowable asset but not as a collateral (0% LTV) helps Aave diversify from the current dominance of centralised stablecoins such as USDC used for borrowing. It has proven to work well on Ethereum V2 and V3 and Optimism V3, so adding LUSD to Arbitrum V3 will not be a surprise. We therefore will vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 11:56am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/256 "2023-05-17T11:56:34Z")
**[ARFC] BUSD Offboarding Plan Part II** _Vote Result_: YES _ **Rationale** _ The second phase of BUSD offboarding plan is inevitable given the current situation. Implementing the new parameters will effectively reduce the amount of liquidity in BUSD and encourage users to switch to other stablecoins. Therefore, we will vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 11:59am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/257 "2023-05-17T11:59:30Z")
**[ARFC] Activate emode for rETH Aave Ethereum V3 Pool** _Vote Result_: YES _ **Rationale** _ Incorporating rETH into emode will make it easier for users to gain access to the asset and create more use cases for rETH like leveraged strategies, so we are in support of the proposal. Given that both risk providers are in favour as well, we will vote YES. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 12:03pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/258 "2023-05-17T12:03:09Z")
**Aave V3 Interest Rate Curve Changes (4-27)** _Vote Result_: YES _ **Rationale** _ This is the on-chain vote for this [Snapshot proposal](https://snapshot.org/#/aave.eth/proposal/0xa34dd5c4a843f687a901f217dc7b9681a0eeec15b3930bd3222f49c860860b1c) that we voted in favour of according to our rationale posted [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/244). Therefore, we will vote YES in favour of this proposal as well. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 12:05pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/259 "2023-05-17T12:05:10Z")
**Risk Parameter Updates for Ethereum v3 (05-09-2023)** _Vote Result_: YES _ **Rationale** _ Given that LUSD’s borrow cap has been reached, it is necessary to update it. Since the proposed increase is in line with Gauntlet’s Borrow and Supply Cap methodology, we will vote YES in favour of this proposal. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 12:50pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/260 "2023-05-17T12:50:50Z")
**[ARFC] Acquire BB-A-USD and deposit 50% into both Balancer and Aura Finance** _Vote Result_: YES _ **Rationale** _ The expected yield from the BB-A-USD deployment is 9.3%, which is significant. While there is some smart contract risk from using Aura Finance, it is mitigated by Aura having had 3 audits and an Immunefi bug bounty, and by the underlying pool being a core pool at Balancer. Moreso, since Aura is a fork of Convex, its smart contracts are battle tested. Deploying only in the Balancer pool would reduce yield across Ethereum assets by 1-1.25%, which is significant given the expected overall portfolio yield is ~5%. ---
**Author:** ![lbsblockchain](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lbsblockchain/32/2371_2.png) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain)\ **Post date:** [May 17, 2023, 1:06pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/261 "2023-05-17T13:06:03Z")
**[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool** _Vote Result_: YES _ **Rationale** _ rETH is already listed on Aave Ethereum v3 and expanding it to Arbitrum is a logical next step. Adding more established LSTs like rETH to Aave drives revenue as users deposit the LST and borrow ETH. This is most evident on Ethereum where the LST- and wETH-yield-maximising loop is the source of the vast majority of wETH borrowing demand. Another important point is that of LST diversification - Rocket Pool offers Aave v3 users on Arbitrum an alternative to wstETH, which is very important. Lastly, Chaos Labs and Gauntlet are in favour of this proposal and the risk parameters presented match those on Ethereum v3 and are a combination of the most cautious parameters presented by both risk providers, enabling appropriate risk management. [Previous page](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254.md?page=12) [Next page](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254.md?page=14)