LBS Blockchain Society Delegate Platform

Safety Module Upgrade to v1.5

Vote Result: YES

Rationale

The technical upgrade of the Safety Module circumvents some complexity of the previous design and reinvents some critical mechanics to better protect both the interest of AAVE holders and the robustness of the protocol. In contrast to v1.0 of the Safety Module where ad-hoc development is needed before slashing, v1.5 is clearly more agile and robust in terms of slashing mechanics. The new cooldown mechanics and governance implications incur minor changes that make sense, and the upgrade also paves the way for the GHO project. Therefore, we will vote YES in favour of this proposal.