[ARFC] Transfer Assets From Polygon To Ethereum Treasury
Vote Result: YES
Rationale
We agree with the rationale to replenish the treasury on Ethereum and with the logic of transferring it from Polygon given the bridging contract developed by Llama only serving Polygon to Ethereum. Transferring BAL and CRV also makes sense given the DAO’s broader strategy. Therefore, we will vote YES in favour of this proposal.
[ARFC] TokenLogic Hohmann Transfer
Vote Result: YES
Rationale
Given TokenLogic’s contributions to date and the amount they have worked at risk, it is only fair to reward them by including them in the Orbit programme as other delegates have been. This is separate from their proposals from parallel compensation and it is fair to consider it separately. Therefore, we will vote YES in favour of this proposal.
Gauntlet Recommendations to Lower stMATIC/MaticX Non-emode LT/LTV on Polygon v3
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot ARFC, in which we voted in favour of Option 1 according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
Gauntlet Recommendations to Lower WETH Variable Base to 0 on Arbitrum, Optimism v3
Vote Result: YES
Rationale
We were in favour of Option 1 in this Snapshot ARFC, according to our rationale here, which this AIP represents the on-chain vote for. Therefore, we will vote YES in favour of this AIP.
v2 Deprecation Plan, 2023.10.03
Vote Result: YES
Rationale
It is important to deprecate the v2 market and migrate to v3 and ample time has been given to v2 participants to migrate their liquidity over. While this AIP will lead to $30k in borrows becoming liquidatable given market moves over the last few days, they have the ability to migrate their assets to v3 prior to the AIP being executed. Therefore, we will vote YES in favour of this proposal.
STG Onboarding on AaveV3 Ethereum Market
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot ARFC, which we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
Fund GHO Liquidity Committee
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot ARFC, which we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
KNC Onboarding on AaveV3 Ethereum Market
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot ARFC, which we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this AIP as well.
[ARFC] Enhancing Aave DAO’s Liquidity Incentive Strategy on Balancer
Vote Result: YES
Rationale
We are aligned with this proposal since the Liquidity Committee already identified Balancer as a primary source of liquidity - this proposal is just executing on their findings. Therefore, we voted YES in favour of this proposal.
[TEMP CHECK] stEUR Onboarding on Aave V3 Ethereum Pool
Vote Result: YES
Rationale
Onboarding stEUR enables stablecoin diversity for Aave and brings underlying yield via the staked aspect. Onboarding it as a collateral-only asset with limited caps will also minimise risks for Aave. Therefore, we will vote YES in favour of this proposal.
[TEMP CHECK] CRVUSD Onboarding on Aave V3 Ethereum Pool
Vote Result: YES
Rationale
Onboarding CRVUSD makes sense since it increases stablecoin diversity on Aave and strengthens the relationship between both Aave and Curve and CRVUSD and GHO. Moreover, it is a useful asset to be borrowed given its peg resilience to date. Not using it as collateral at the moment also minimises risk for Aave at the moment given how young CRVUSD is. Therefore, we will vote YES in favour of this proposal.
[ARFC] Aave Events & Sponsorship Budget
Vote Result: YES
Rationale
While we abstained in the previous vote as in our rationale here, we think AaveCo’s justification for the budget makes sense, especially to promote GHO and increase its prominence and usage across the ecosystem. Aave also needs to maintain its position as a top DeFi protocol in light of converging business models from CRV and MKR, the latter of which has been doing especially well. There is quite a lot of competition in DeFi and maintaining a presence is important. A budget of $550k with the rest rolled over to next year if not used offers flexibility to move things around and downside protection. Therefore, we will vote YES in favour of this proposal.
[ARFC] Add FXS to Ethereum V3
Vote Result: YES
Rationale
This is the ARFC for this TEMP CHECK that we voted in favour of according to our rationale here. We are in favour of Gauntlet’s recommendations since they are more conservative and will help mitigate risk, and the LT/LTV can be increased if need be. Therefore, we will vote YES in favour of this proposal.
Enable Borrow of OP Token
Vote Result: YES
Rationale
This is the on-chain proposal for this ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal.
GHO Funding
Vote Result: YES
Rationale
This is the on-chain proposal for this ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal.
TokenLogic Hohmann Transfer
Vote Result: YES
Rationale
This is the on-chain proposal for this ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal.
[ARFC] Upgrade Aave V3 ETH Pool wETH Parameters
Vote Result: Option 1 (Conservative)
Rationale
We are in favour of the conservative option to set slope1 to 3.2% since it projects an annualised revenue increase of 20WETH rather than a decrease of 32WETH as with the aggressive option. Therefore, we will vote YES in favour of Option 1 (Conservative).
[ARFC] sDAI Onboarding on Aave V3 Gnosis Pool
Vote Result: YES
Rationale
sDAI has seen a significant amount of usage on Aave and on Gnosischain and using it as a collateral asset on Gnosischain will help Aave establish itself on the chain. Moreover, Chaos Labs is in support. Therefore, we will vote YES in favour of this proposal.
[ARFC] Treasury Management - Add to rETH Holding
Vote Result: YES
Rationale
Increasing treasury yield while supporting decentralisation of LSTs is important. The financial difference between choosing rETH and stETH are relatively minor and it is key to support diversification of node operators. Therefore, we will vote YES in favour of this proposal.
Events Funding
Vote Result: YES
Rationale
This is the on-chain vote for this Snapshot ARFC that we voted in favour of according to our rationale here. Therefore, we will vote YES in favour of this proposal as well.