# 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:** 22
**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:** [September 6, 2023, 11:01am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/426 "2023-09-06T11:01:59Z")
**[TEMP CHECK] Proposal for Senate to Enable Dedicated Tooling for Aave Governance** _Vote Result_: YES _ **Rationale** _ Implementing these features is a net positive for Aave and will help smoothen some of the frictions associated with governance. Senate has received a grant from AGD and already built and tested these features. They have also completed a technical review with Aave Companies. 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:** [September 6, 2023, 11:03am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/427 "2023-09-06T11:03:57Z")
**[ARFC] Quarterly Gas Rebate Distribution - August 2023** _Vote Result_: YES _ **Rationale** _ In line with our previous votes for gas rebates ([here](https://snapshot.org/#/aave.eth/proposal/0xb5a684d8294e3978001eafd80a6096e3f9b8e925879f83e9ea67a03644877a50), [here](https://snapshot.org/#/aave.eth/proposal/0xff11b348c1e8df41555d7579c7785942378bcf09ff1d9ca97af1d86b2b124beb), and [here](https://app.aave.com/governance/proposal/?proposalId=263)), we are in favour of this proposal as well and will vote YES in favour. ---
**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:** [September 6, 2023, 11:05am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/428 "2023-09-06T11:05:40Z")
**Reserve Factor Updates - Polygon Aave v2** _Vote Result_: YES _ **Rationale** _ Following this [AIP](https://app.aave.com/governance/proposal/?proposalId=284) which we voted in favour of according to our rationale [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/366), 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:** [September 6, 2023, 11:08am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/429 "2023-09-06T11:08:00Z")
**Sigma Prime Audit Budget Extension** _Vote Result_: YES _ **Rationale** _ This is the on-chain proposal for this [Snapshot](https://snapshot.org/#/aave.eth/proposal/0x099a932f4e11a07b462f91257d2e5e899df25f6f43547644c681ac5addb38a9d) that we voted in favour of according to our rationale [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/393). 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:** [September 7, 2023, 5:44am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/430 "2023-09-07T05:44:21Z")
**SupplyCapLSTs** _Vote Result_: NO _ **Rationale** _ While the supply caps have reached their thresholds and increasing them would potentially bring additional revenue to Aave, we are in alignment with Gauntlet here. Their logic for not increasing the stMATIC supply cap is well thought out and makes sense, and adding excess risk to Aave is not sensible especially if the reason for increasing the supply cap in the first place is not being fulfilled (greater wMATIC borrows via the recursive strategy). Therefore, we will vote NO against 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:** [September 7, 2023, 5:45am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/431 "2023-09-07T05:45:13Z")
**Chaos Labs Risk Parameter Updates** _Vote Result_: YES _ **Rationale** _ As with the other proposals to reduce capital efficiency on v2 markets and promote migration to v3, 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:** [September 11, 2023, 2:58pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/432 "2023-09-11T14:58:04Z")
**[TEMP CHECK] Update Balancer Ecosystem Holdings** _Vote Result_: YES _ **Rationale** _ This is a TEMP CHECK and it would be good to further explore the proposition to move to vlAURA from veBAL with more community input. It would also be good to get further detail on the cost of acquiring vlAURA via OTC deals and the cost of selling the B-80BAL-20ETH BPT, along with the required dev resources to add vlAURA support to the StrategicAssetManager. Therefore, without having an opinion on which of the vlAURA or veBAL routes are correct, we will vote YES in favour of this proposal to get further detail to inform our final decision. ---
**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:** [September 11, 2023, 3:00pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/433 "2023-09-11T15:00:06Z")
**Quarterly Gas Rebate Distribution August 2023** _Vote Result_: YES _ **Rationale** _ This is the on-chain vote for this [Snapshot proposal](https://snapshot.org/#/aave.eth/proposal/0xd41eebb9d9150f1d4ec106e8117809b78a4841641a18cd0ad47b5d31f6b6bf86) that we voted in favour of according to our rationale [here](http://here). 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:** [September 11, 2023, 3:01pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/434 "2023-09-11T15:01:10Z")
**AURA OTC Deal** _Vote Result_: YES _ **Rationale** _ This is the on-chain vote for this [Snapshot proposal](https://snapshot.org/#/aave.eth/proposal/0xeb88691a23f3b1f9dfb4d2fb575fa19e75050a67b80b23eff91c0d430a177bd1) that we voted in favour of according to our rationale [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/425). 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:** [September 11, 2023, 3:03pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/435 "2023-09-11T15:03:00Z")
**Freeze MAI/MIMATIC, set LTV → 0 for Arbitrum, Avalanche, Polygon, Optimism v3** _Vote Result_: YES _ **Rationale** _ MAI/MIMATIC has lost its peg and not freezing the market may add additional risk. Moreover, the asset also has a history of losing its peg, so mitigating risk at the moment is important. 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:** [September 13, 2023, 2:00pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/436 "2023-09-13T14:00:48Z")
**[TEMP CHECK] Update Balancer Ecosystem Holdings** _Vote Result_: YES _ **Rationale** _ This is a re-vote for this [Snapshot proposal](https://snapshot.org/#/aave.eth/proposal/0x456c2eb7f40ef7b0d132a111cbaeb023311c1b1bd5c8c78a6a81d4685116e309) that did not reach quorum which we voted in favour of according to our rationale [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/432). 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:** [September 13, 2023, 2:01pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/437 "2023-09-13T14:01:11Z")
**[ARFC] TokenLogic - 6 Month Service Provider Proposal** _Vote Result_: YES _ **Rationale** _ This is the ARFC for this [TEMP CHECK](https://snapshot.org/#/aave.eth/proposal/0x05636d75aae6e99be9c79a6337603f69213d34c3cf0b518842aa994f2ec790bf) that we voted in favour of according to our rationale [here](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/423). 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:** [September 13, 2023, 2:01pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/438 "2023-09-13T14:01:33Z")
**Freeze Stewards** _Vote Result_: YES _ **Rationale** _ Enabling a FreezingSteward on all networks will allow admins to, in cases of stress or where urgent action is required, to respond quickly and effectively and also maintain consistency across all deployments. 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:** [September 14, 2023, 10:18am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/439 "2023-09-14T10:18:01Z")
**[ARFC] Aave Treasury Proposal for RWA Allocation** _Vote Result_: YES _ **Rationale** _ Following the TEMP CHECK, we think that Centrifuge has provided sufficient colour to the proposal, including 1) a detailed breakdown of the legal structure, 2) a detailed understanding of the assets that are being invested in, and 3) answered all questions that have been posed by the community. Moreover, Anemoy has also provided enough information about the funds that are to be invested in. Lastly, an initial $1m investment plus a set-up of the legal structure for further RWA investments by Aave is beneficial for the community, leaving ample room open for an RFP process when the framework is defined by the community. 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:** [September 14, 2023, 10:19am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/440 "2023-09-14T10:19:03Z")
**[ARFC] Gauntlet Recommendation for WETH Uopt on Ethereum v3** _Vote Result_: Option 3 - 0.9 (No Change) _ **Rationale** _ It is important to balance a risk vs. reward perspective and compare the additional revenue earned at 90% and 85% Uopt ($290k and $145k respectively) and the bad debt yielded at both Uopt ($900k and $500k respectively). It is difficult to assume the probability of a rapid, sudden drop in ETH price but given historical volatility and the state of the market, it is important to be measured and protect against it. However, it is also important to prioritise revenue and competitive advantage for Aave compared to only looking at the most conservative risk parameters. There are competitive considerations around other protocols like Spark, Morpho, and Compound, who have a 90% Uopt for WETH - lowering it for Aave would lead to more deposits flowing out of Aave, making the revenue and user loss higher and disadvantaging Aave from a competitive angle. Moreover, on-chain liquidity is not the only liquidity available - liquidators can take aTokens when liquidating. Even if utilisation is 100%, this does not mean that liquidations cannot be processed; in this case liquidators can get aWETH with a bonus and earn at a high rate (while 100% utilisation lasts). Moreso, the Uopt can be lowered when price drops are observed - this should be done by the Risk Stewards when data indicates the possibility of a crash. Therefore, we will vote YES in favour of Option 3 - 0.9 (No Change). ---
**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:** [September 14, 2023, 10:22am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/441 "2023-09-14T10:22:14Z")
**Chaos Labs Risk Parameter Updates - Aave V3 Ethereum** _Vote Result_: YES _ **Rationale** _ Given that there will be a projected borrow increase of $2.5M with no increase in VaR and EVaR as a result of these parameter changes, we are in favour and will vote YES for 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:** [September 14, 2023, 10:29am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/442 "2023-09-14T10:29:12Z")
**[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Avalanche - 2023.09.06** _Vote Result_: YES _ **Rationale** _ Given that there will be a projected borrow increase of $26k with no increase in VaR and EVaR as a result of these parameter changes, we are in favour and will vote YES for 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:** [September 14, 2023, 4:19pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/443 "2023-09-14T16:19:45Z")
**[ARFC] Gauntlet Interest Rate Recommendation for WETH** _Vote Result_: Option 1 _ **Rationale** _ At the moment, it would be better for the interest rate around utilisation to be closer to the staking yield. Reducing the base to 0 ensured that the rate is 3.8% now. Current staking yields, as can be seen on [ETH Saver](https://ethsaver.com/), are 3.73% for stETH, 3.19% for cbETH, and 3.38% for rETH. Having the borrow rate \> staking yields discourages the recursive borrowing strategy. If staking yields increase, the borrow rate of 3.3% may be too low. However, yields have been going down over the last few months, as can be seen in this [Dune dashboard](https://dune.com/queries/570874/1464690). So if yields increase, there should be enough notice for the community to adjust the borrow rate back up even given governance lag. Therefore, we will vote YES in favour of reducing the borrow rate to 3.3%. ---
**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:** [September 14, 2023, 4:20pm UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/444 "2023-09-14T16:20:04Z")
**[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Avalanche - 2023.09.06** _Vote Result_: YES _ **Rationale** _ Given that there will be a projected borrow increase of $26k with no increase in VaR and EVaR as a result of these parameter changes, we are in favour and will vote YES for 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:** [September 18, 2023, 10:17am UTC](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254/445 "2023-09-18T10:17:19Z")
**Gauntlet Recommendation to set MAI & MIMATIC Isolated Debt Ceiling to 0 for Arbitrum, Avalanche, Polygon, Optimism v3** _Vote Result_: YES _ **Rationale** _ De-risking the MAI and MIMATIC markets as much as possible is sensible. Following the success of [AIP-318](https://app.aave.com/governance/proposal/?proposalId=318), we will vote YES in favour of this proposal as well. [Previous page](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254.md?page=21) [Next page](https://governance.aave.com/t/lbs-blockchain-society-delegate-platform/10254.md?page=23)