Lower TUSD LT and LTV on Aave V2
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot proposal that we voted YES in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
The ARFC failed to meet the quorum for YES but the Snapshot guidelines for quorum are ambiguous and will be made clearer in the near future. We will vote YES for this proposal to give Gauntlet the benefit of the doubt, but going forward will adhere to stricter guidelines that are set.
Chaos Labs - Payment Collection Request
Vote Result: YES
Rationale
This is a straightforward proposal that enables Chaos Labs to receive the second half of their payment as outlined in their service provider proposal. Therefore, we will vote YES in favour of this AIP.
Freeze TUSD Reserve on Aave V2 Ethereum
Vote Result: YES
Rationale
This is a conservative approach to the TUSD situation and has been recommended by both the risk service providers. Moreover, this freeze will not impact current positions and users will still be able to repay and withdraw TUSD from the Aave v2 Ethereum pool. Lastly, this proposal is in line with the Aave v3 Caps update framework and is therefore valid. Therefore, we will vote YES in favour of this proposal.
Optimism - Create ETH eMode Category
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot proposal that we voted YES in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
Add FRAX Ethereum Aave v3
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot proposal that we voted YES in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
Add FRAX Arbitrum Aave v3
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot proposal that we voted YES in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
[ARFC] Framework for ARFC and TEMP CHECK Proposals
Vote Result: YES
Rationale
There is a need to more clearly define the governance process and this proposal adds the detail and granularity that is required. The template is comprehensive and we agree on the logic around the 320k quorum for YAE votes. There is a description of the differences between TEMP CHECKS and ARFCs that should be detailed enough for proposers to understand when a proposal should be a TEMP CHECK and when it should be an ARFC. Our response on the forum post provides more clarity around the improvements and additions that could be made to this framework in the future, but this is a good starting point and provides needed clarity to the community. Therefore, we will vote YES in favour of this ARFC.
2 Likes
[ARFC] Gauntlet Risk Parameter Updates for Ethereum v3, Arbitrum v3, Ethereum v2
Vote Result: NO
Rationale
We agree with the changes for all assets apart from CRV, as we have mentioned on this vote which was highly contested, according to our rationale here. Decreasing it as part of this Snapshot vote would not make sense to us. Therefore, we will vote NO for this proposal.
Treasury Management - Acquire wstETH & rETH
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot proposal that we voted YES in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
Price feeds operational update Pt2.5 - wstETH
Vote Result: YES
Rationale
This proposal is Part 2.5 of this AIP that we voted in favour of and follows on from this Part 2 AIP. This is a non-controversial follow-on update to introduce the same type of adapter contract based on the primary exchange rate for wstETH on Aave v3 Polygon as in Part 2.
This update creates more consistency in pricing methods of LSTs on Aave, which will allow the growth of strategic assets for the Aave DAO while maintaining the highest safety standards. The updates made here smooth out technicalities in pricing mechanics and optimises the protocol. Therefore, we will vote YES in favour of this AIP.
[ARFC] Add GMX to Arbitrum v3
Vote Result: YES
Rationale
Given the more conservative risk strategy being proposed for GMX, we believe this proposal should pass as it would be beneficial to the Aave ecosystem. While we note the point made around GMX revenue potentially not being high and the risk/reward for Aave not being appropriate in this situation, we believe the Aave ecosystem should allow users, large or small, to be able to utilise their assets in a number of ways. Since the risk to Aave is bounded by the conservative risk parameters chosen, we will vote YES in favour of this proposal.
1 Like
Gas Rebate for Recognized Delegates
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot proposal that we voted YES in favour of according to our rationale here. Therefore, as the original authors of this proposal, we will vote YES in favour of this AIP as well.
1 Like
[ARFC] Add rETH Aave v3 Optimism
Vote Result: YES
Rationale
Adding rETH would drive material borrowing revenue to Aave and diversifying LSTs on Aave and allows Aave to position itself as a neutral platform, driving volume and engagement. rETH is already listed on other deployments and should be listed on Optimism as well. This proposal is supported by Chaos Labs and their suggested change to the borrow cap has been implemented by Llama. Therefore, we will vote YES in favour of this proposal as well.
1 Like
[TEMP CHECK] Aave V3 Deployment on Linea Testnet
Vote Result: YES
Rationale
As Linea is seeking to be an EVM equivalent utilising zk technology but still works on the Ethereum L1 solidity code it would be worthwhile to join as a launch partner with their firm commitment towards decentralisation and innovation.
1 Like
[ARFC] Set Metis Foundation Wallet as Emission Manager for METIS Token on Aave V3 Metis Pool
Vote Result: YES
Rationale
As delegates we believe this proposal aligns with the goals of expanding the Aave ecosystem and building its user base.
1 Like
[ARFC] Aave Governance v3 (Governance, a.DI, Robot v3)
Vote Result: YES
Rationale
This proposal enhances Aave governance and allows for it to be leading the space in terms of governance. While there could be potential security concerns with the upgrade, the benefits far outweigh them and as delegates we are in favour of this proposal.
1 Like
[ARFC] Gauntlet Risk Parameter Updates for Ethereum v3, Arbitrum v3, Ethereum v2
Vote Result: YES
Rationale
As delegates we support the constant updates to risk parameters to keep Aave secured.
1 Like
GHO Mainnet Launch
Vote Result: YES
Rationale
As delegates we seek to boost the Aave ecosystem and believe this proposal aligns with this goal. In line with how we have voted previously, we will vote YES in favour of this AIP to bring GHO to mainnet.
1 Like
Gauntlet Cap Updates for Ethereum, Optimism Aave v3
Vote Result: YES
Rationale
Since supply cap utilisation has been 20%, 5%, and 1% respectively for BAL and LINK on Ethereum v3 and OP on Optimism v3 over the last 3 months, lowering the caps when utilisation is low is sensible and can be adjusted back up when demand is higher. Therefore, we will vote YES in favour of this proposal.
1 Like
Add RPL to Aave V3 Ethereum Pool
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot proposal that we voted YES in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
1 Like