Notrustverify.ch Delegate Platform (sunsetted)

Delegate Platforms
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Key Info

Delegate address: notrustverify.ch (0x48e55f2bf1be8b1C7a67Cb2137D7C3Fb8f676430)

Delegation Hub: https://delegate.notrustverify.ch (sunsetted)
Governance Dashboard: https://dune.com/notrustverify/aave-governance (sunsetted)

Telegram: https://t.me/notrustverify
Twitter: https://twitter.com/notrustverif
Web: notrustverify.ch

Members: cgi_bin, @Oheka, @kov0x

Introduction

Hi everyone! No Trust Verify is a group of three individuals focused on experimentation in decentralized infrastructure, sovereignty, and privacy. We have been active Aave users and token holders since 2020.

In March 2025, we developed and launched the Aave Monitor browser extension to help Aave users monitor multiple accounts across different Aave markets in one place.

Since November 2025, we have decided to engage more deeply in decentralized governance and launch this delegate platform. You can follow our governance activity on this dashboard we built for you.

Why You Should Delegate to Us

We are not a business or an institution. We are an independent actor in this space, working to bring token holders’ voices into the governance process by participating in discussions and voting on your behalf.

As token holders ourselves, we are here to support the DAO and initiatives that improve the protocol while moderating risk and seeking new opportunities.

What Voters Can Expect From Us

  • We are fully dedicated to Aave token holders and will vote accordingly.

  • We will challenge initiatives that are not aligned with the interests of the Aave DAO and its token holders.

  • We will continue to provide tools for Aave users and our delegators.

Closing Thoughts

We are not paid for this. The size of your delegation does not matter; the fact that you choose to delegate to us does. By starting this delegation platform, we hope to get more Aave holders engaged in decentralized governance.

Just use Aave (and let us vote) :wink:

14 Likes
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Hey,

awesome to see more delegates showing up in the DAO. Amazing!
If you have any questions, let me know.

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Here’s a recap of our governance votes onchain in December 2025 :

# Proposal VP Vote Date Rationale
415 Add MetaMask USD (mUSD) to Aave V3 Ethereum/Linea 572 YAE 2025-11-27 Another stablecoin to borrow against is good to attract more (diverse) users
416 Onboard syrupUSDT to Aave V3 Core Instance 1,285 YAE 2025-11-29 Important asset with traction and potentially good source of revenue
417 Renewal of Umbrella Reward Allowances 1,335 YAE 2025-12-05 Obvious decision to maintain this
418 XAUt Supply Cap and Debt Ceiling Adjustment on Aave V3 Core Instance 1,381 YAE 2025-12-06 Caps on Plasma were higher than on Core market, increase to respond to the demand on mainnet
419 Alter mUSD Oracle Price Implementation 1,381 YAE 2025-12-07 A necessary tehchincal change
420 weETH E-Mode Risk Parameter Adjustment on Aave V3 Plasma Instance 1,345 YAE 2025-12-14 Makes sense to match parameters from Core market
421 Remove USDS as collateral and increase RF across all Aave Instances 1,627 YAE 2025-12-19 Doesn’t make sense to maintain an asset with low demand and prototcol revenue
422 X Layer network aDI path activation 1,627 YAE 2025-12-19 A necessary technical implementation to prepare for x layer from OKX
423 USDG Listing 1,809 YAE 2025-12-21 Paxos has a solid track record, their stablecoin is a great addition
424 Add WETH to the wrsETH wstETH E-Mode on Aave V3 Base Instance 1,809 YAE 2025-12-23 More utility for this asset as collateral is okay
425 December Funding Update 1,958 YAE 2025-12-27 Important activities, we support the funding proposal
426 Ethena February E-Modes Adjustments 1,958 YAE 2025-12-27 Good addition with no additional risk
3 Likes
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Here’s a recap of our governance votes offchain (aavedao.eth on Snapshot) in December 2025 :

# Proposal VP Vote Date Rationale
[TEMP CHECK] Focussing the Aave V3 Multichain Strategy 1.3k YAE 2025-12-05 Better focus on active markets with users and revenue, less is more
[AFRC-Addendum] Update Merit for Round 41 - Adding OKX 640 YAE 2025-12-11 We value partnerships and cross-marketing
[AFRC] $AAVE token alignment. Phase 1 - Ownership 1,8k Abstain 2025-12-23 Aave Labs didn’t follow the rules and the timing chosen to publish this proposal was very unfortunate
[AFRC] Orbit Program Renewal - Q1 and Q2 2026 2k YAE 2025-12-28 Full support to people doing great job for community and the DAO
2 Likes
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Here’s a recap of our governance votes offchain (aavedao.eth on Snapshot) in January 2026 :

# Proposal VP Vote Date Rationale
[ARFC ADDENDUM] Updating rules for ARFC and TEMP CHECK Proposals 2k YAE 2026-01-09 An obvious and necessary amendment to the guidelines
[ARFC] Onboard Strata srUSDe PT tokens to V3 Core Instance 1.9k YAE 2026-01-17 Attractive collateral token with a competitive yield
[AFRC] Deploy Aave v3 on Mantle 2k YAE 2026-01-20 Great opportunity to get access to Bybit’s 30 million active users
[AFRC] Deficit Realization Risk Oracle: Forcing Timely Bad-Debt Recognition via Dust-Collateral Cleanup 2.2k YAE 2026-01-24 Totally welcoming this improvement to better handle edge case accounts
[AFRC] Deploy Aave V3 to MegaETH 2.3k YAE 2026-01-30 Let’s become the default lending market on MegaETH from the beginning, however we don’t like the rollover idea
2 Likes
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Here’s a recap of our governance votes onchain in January 2026 :

# Proposal VP Vote Date Rationale
428 Listing of PT Ethena April Maturity on Plasma Instance 2,007 YAE 2026-01-04 Let’s keep expanding the offerings on Plasma market
429 Upgrade Aave instances to v3.6 Part 1 2,007 YAE 2026-01-05 Obviously in favor of upgrading the protocol after security procedures
430 Orbit Program Renewal - Q1 and Q2 2026 1,992 YAE 2026-01-07 Full support to people doing great job here
432 AGRS (Risk Stewards) migration to Risk Agents 2,017 YAE 2026-01-11 Important risk management update : we vote in favor
433 Upgrade Aave instances to v3.6 Part 2 1,932 YAE 2026-01-13 A logical YAE, as we voted favourably to the Part 1
434 Add WETH to the rsETH LST E-Mode on Aave Core Instance 1,907 YAE 2026-01-16 We are in favor of a diversified offering on the Core market
435 stkABPT Emission Update 1,907 YAE 2026-01-16 We need to keep moving on with repurposing the legacy stuff
436 Upgrade Aave instances to v3.6 Part 3 1,797 YAE 2026-01-18 A logical YAE, as we voted favourably to the Parts 1&2
437 Onboard syrupUSDC on Base 2,160 YAE 2026-01-21 Let’s test the demand for this asset on Base market, E-Mode can help boosting GHO utilization
438 MegaEth aDI path activation 2,159 YAE 2026-01-23 Aave must become the default lending market on MegaETH from day 1
439 Extend stkAAVE Emissions 2,180 YAE 2026-01-24 AAVE should not become a governance-only token
440 Gho Mantle Activation 2,180 YAE 2026-01-25 Let’s give acces to GHO to 30M Bybit’s users
441 MKR and USDtb oracle adjustments 2,239 YAE 2026-01-31 A very positive risk management update, totally in favor of this kind of changes
3 Likes
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Here’s a recap of our governance votes offchain (aavedao.eth on Snapshot) in February 2026 :

# Proposal VP Vote Date Rationale
[ARFC] Focussing the Aave V3 Multichain Strategy - Phase 1 2.3k YAE 2026-02-04 An obvious Yae. Keeping maintaining zombie markets is pointless
[ARFC ADDENDUM] Mandatory Disclosures and Conflict-of-Interest Voting Norms 5.3k YAE 2026-02-10 We need to regain more trust in the Aave governance process
[AFRC] Revenue-indexed deficit offsets for Umbrella 5.2k YAE 2026-02-15 We support initiatives to improve protocol risk management
[AFRC] Aave v3.7 candidate 5.3k YAE 2026-02-26 In favor of those necessary security procedures before v3.7 activation
[TEMP CHECK] Aave Will Win Framework 5.3k NAY 2026-02-26 We voted against this rushed vote as the vast majority of the discussion is either requesting amendments, or fully against in its current form
2 Likes
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Here’s a recap of our governance votes onchain in February 2026 :

# Proposal VP Vote Date Rationale
442 Listing PT Ethena May 2,344 YAE 2026-02-02 19:05 An obvious yae for this popular collateral asset
443 Enhancing Market Granularity in Aave v3.6: Part 1 2,344 YAE 2026-02-02 19:05 Full support for exposure reduction and risk management across different Aave markets
444 Onboard Strata srUSDe PT tokens to V3 Core Instance 2,347 YAE 2026-02-04 10:31 Interesting new collateral asset, let’s give it a chance
445 Aave V3.6 MegaETH Activation 5,335 YAE 2026-02-05 19:29 Let’s become the default lending/borrowing market on MegaETH !
446 Aave V3.6 Mantle Activation 5,319 YAE 2026-02-07 09:55 Let’s become the default lending/borrowing market on Mantle !
447 Increase WBTC Liquidation Bonus and EURS Reserve Factor on Polygon V3 5,319 YAE 2026-02-10 17:21 In favor of proposed change, hoping this will help to remaining debt to get liquidated
448 Update syrupUSDC liquidation protocol fee 5,266 YAE 2026-02-15 14:54 A better incentive for liquidators on this asset is good for the protocol
449 February 2026 - Funding Update 5,269 YAE 2026-02-26 13:31 Obvious yae for these mandatory changes to support ongoing operations & GHO liquidity
450 Create Allowance GHO Mantle 5,269 YAE 2026-02-26 13:32 We support this proposal for the launch of GHO on Mantle
451 Focussing the Aave V3 Multichain Strategy - Phase 1 5,269 YAE 2026-02-26 13:32 We voted Yae on AFRC : this is a logical Yae
452 Add GHO on Aave Plasma and deploy GSM on Plasma 5,279 YAE 2026-02-28 15:46 Let’s expand GHO to Plasma users. This recent dynamic market is a good opportunity for Aave to explore with GHO
453 GSM Migration 5,279 YAE 2026-02-28 15:48 A logical next step with the migration to the new version of GSM
1 Like
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Recent events have sparked a lot of reflection and discussions, including here at No Trust Verify.

Long story short, we’ve decided to sunset this delegation platform and our participation in the protocol’s governance process. Unfortunately, we launched at the worst possible time — who would have thought…

It’s difficult and unusual to abandon such a project just a few months after starting it, and we’re grateful to all token holders who considered No Trust Verify and delegated their voting power to us.

We’ll obviously keep an eye on the governance forum, and who knows — governance will eventually decentralize, and we might consider getting involved again.

Also, we’ll continue building Aave Monitor and keep it up to date with new markets and new features.

All for now, cheers :folded_hands:

2 Likes
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Sad to hear this. I’m working on a proposal to upgrade our delegation framework and I’d love for you to review it before you officially step back—hopefully, it convinces you to stay!

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Hi @notrustverify.ch team! :waving_hand:

Really appreciate you launching this delegate platform. As someone researching on-chain governance from India, it’s refreshing to see independent, non-institutional delegates stepping up in the Aave ecosystem.

A few things that stood out to me:

“We are not paid for this” This is rare and valuable. Most governance participation today is incentivized by service provider relationships. Independent voices like yours are exactly what token holder governance needs.

The Aave Monitor extension is a great example of building real utility for users not just voting but contributing tools. That kind of commitment builds trust over time…..

One question how do you approach proposals where risk and growth are in tension? Would love to understand your decision framework.:maple_leaf:

MconnectDAO Freelance Researcher | Based in India | Still learning but paying attention. Disclosure: I have no financial relationship with any protocol, candidate, or entity mentioned. I hold no governance tokens. I am an independent researcher. @notrustverify.ch @AaveLabs

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Let me quote a part of our introduction post to answer your question :

Growth is what we’re ultimately looking for. But only if execution is aligned with DAO and token holders interests, growth ends up by bringing value to both. We’re looking for sustainable growth, beneficial to all parties involved.

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Exactly my thinking too.

Growth is the north star if the
project grows, token holders, treasury,
and the ecosystem all grow together.

My question is about the threshold
how much short-term risk is acceptable
for long-term growth? And who defines
that threshold in Aave governance…?

Is it delegates, token holders, or the
risk committees….? @notrustverify.ch @AaveLabs

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Chaos Labs and Tokenlogic are Service Providers specialized in Risk management. They assess risk and recommend parameters or changes based on their assessments. But anyone can basically raise a risk-related topic or suggest a risk-related change, following a pre-defined template.

Recommendations get debated here in dedicated topics.

Ultimately things move to AIP stage, get voted, and get executed/implemented in case of a successful vote.