During the past few days, the Autonomous Proposal on https://etherscan.io/address/0x6E1A6728829BC0FcA82C1A39834c6212C250F1c1 has been accumulating AAVE proposition power from all the members of the community delegating there.
Finally, the threshold of 320k proposition power has been surpassed, and the Autonomous Proposal has been executed.
What does that mean?
The Autonomous Proposal has initiated 2 votes on the Aave governance:
-
https://app.aave.com/governance/proposal/?proposalId=106
The vote on the current Level 2 requirements, will factually update them if passing. This proposal has high quorum requirements (3.2m AAVE), a voting period of 10 days, and a timelock of 7 days. -
https://app.aave.com/governance/proposal/?proposalId=107
“Vote boost” proposal, to vote with the AAVE holdings of the AAVE Ecosystem reserve into the previous proposal 106. Lower quorum requirements (320k AAVE), a voting period of 3 days, and a timelock of 1 day.
What to do now?
If you hold AAVE voting power, VOTE ON BOTH 106 AND 107!
If after the 3 first voting days 107 passes, the AAVE of the Ecosystem reserve will automatically vote YES on 106. If 107 would not pass, it will be almost impossible for 106 to reach quorum.
If you delegated proposition power to the Autonomous Proposal, don’t remove it from there during the following 17 days (voting + timelock duration of 106). If the proposition goes below 320k AAVE, the proposal could be cancelled, and the whole process should be re-initiated.
Time to vote ghosts!