Saucy Block Delegate Platform

[SaucyBlock]

ARFC Addendum Increase Supply and Borrow Caps for weETH

Vote: YAE (Conservative)

We have observed that the demand for LRT assets in the lending market is extremely high, and we believes that a moderate increase in caps is likely to boost Aave’s revenue. However, the proposed option, YAE (Aggressive, Increase weETH caps up to 1 million weETH), seems to be an excessively aggressive approach given the current market conditions. Additionally, Taking into account the following two points of market data, we believe that YAE (Conservative, Increase weETH caps up to 500,000 weETH) is sufficiently aggressive approach.

1. Total supply of weETH
   

   
   
   :If Aave were to increase the cap to 1 million weETH, it is anticipated that the leverage positions for weETH would significantly rise, potentially exceeding 50% of the total supply.

2. Liquidty of weETH
   

   
   
   : The liquidity of weETH on DEXs is very low, which make a possibility of price manipulation. Due to the weETH’s oracle on Aave V3 has CAPO implemented, the likelihood of Aave DAO incurring liabilities is very low, but it is not a action for Aave to create opportunities for price manipulation.

we are supportive of YAE (Conservative).

[SaucyBlock]

Orbit Program Renewal

Vote: YAE

We are honoured to be selected for the Orbit program and would like to thank delegaters.

Plans for the next 3 months
・Breakdown of 15k GHO
・Saucy Block’s website
・Plans to contribute to the Japanese crypto space

Onboard USDe Aave V3 Ethereum

Vote: YAE

Stablecoins are the most popular asset class on Aave V3, the onboarding of USDe highly rational. Additionally, the USDe’s risk parameter are set conservatively.

Therefore, we support this proposal.

[SaucyBlock]

TEMP CHECK Deploy a Lido Aave v3 Instance

Vote: YAE

This proposal is very interesting and has the potential to further enhance the synergy between Aave and Lido. On the other hand, We share the same concerns as those expressed by @EzR3aL and @WintermuteGovernance , and we hope that these concerns will be addressed during the ARFC stage.