StableLab Delegate Platform

Delegate Platforms
1

StableLab Delegate Platform

Name: StableLab
Delegate Address: stablelab.eth
Governance tracking: Boardroom, Internal tracker
Forum: @Kene_StableNode
Discord: Kene_StableLab#6984
Twitter: https://twitter.com/Stablelab
Blog: https://www.stablelab.xyz/blog
Languages: English, Spanish, German, Dutch, Romanian, Korean, Chinese

ABOUT
StableLab is a governance firm focused on professional delegation, DAO framework design and product development. We work with various projects, from the ones just starting their journey to decentralization to the most prominent DeFi protocols.

Our systematic framework for DAOs covers governance methodologies, decentralized workforce, implementation, documentation, communication and community engagement. There is no one-size-fits-all approach, but we provide a framework of principles and tools we have developed throughout our experience.

We scale DAOs sustainably.

EXPERIENCE

We are the leading professional delegate team with a track record across major DeFi protocols, including MakerDAO, Optimism, Aave, 1inch, Balancer, Element, InstaDapp, Hop and more.

We pioneer delegation work through high governance standards, extensive research, hands-on expertise and the consistent use of a code of conduct. Pushing forward web3 and DeFi since 2018, StableLab’s co-founders previously spent 3.5 years at the Maker Foundation.


Governance delegates and roles currently (or previously held by StableLab).

View all our proposals, votes and milestones at stablelab.xyz/governance

VALUES & CONDUCT

A. VALUES - A.R.T.

  1. Active: We participate in every aspect of the governance process, from creating and presenting proposals to providing feedback in the forums and actively voting.
  2. Research: Our decisions are backed by a team of experienced researchers and PhDs.
  3. Trust: We act unbiased and transparent, according to our code of conduct - driven by a strong set of ethics and values.

B. DELEGATE CONDUCT

  • Use values to guide actions.
  • Maintain impartiality and transparency in participation.
  • Rely on data, research and prior expertise for proposals and votes.
  • Apply battle-tested internal policies for consistency.
  • Consult with the team for quality outcomes.

WHY Aave?
With the Aave DAO currently focused on Aave V3 and GHO. We chose to become delegates for Aave to support the future of the Protocol and all of its products. With reliable governance support, Aave will be able to scale sustainably. We choose to play a key role in turning Aave’s vision into reality.

DISCLOSURE
Through our holding company, we have invested in multiple projects to advance growth and governance for them. See the full list here.
We contribute to various protocols’ governance, such as MakerDAO, Optimism, Aave, 1inch, Balancer, and Element. See the full list here.
When applicable, we will disclose potential conflicts of interest in our rationale.

WAIVER OF LIABILITY
By delegating to StableLab, you acknowledge and agree that StableLab participates on a best efforts basis and StableLab will not be liable for any form of damages related to StableLab’s participation in governance.

7 Likes
2

Add TRYB to Aave V3 on Avalanche Network, Isolation Mode

We would have voted NO for this proposal, there is not enough TRYB liquidity to justify being listed on Aave in Isolation mode, this would result in little to no upside for Aave or any spectators who decide to borrow the asset.

[ARC] Aave v3 Polygon wMATIC Interest Rate Update

We would have voted Yes for this proposal, this is primarily a maintenance proposal by Llama, the cost of borrowing wMATIC has exceeded the yield that be generated from staking the MATIC tokens, so this proposal is intended to incentivize users to continue utilizing MATIC.
The crypto economy is fueled by incentives, so we are proud to support a proposal that works towards incentivizing users.

Pending Vote: Risk Parameter Updates for Aave V3 Avalanche: 2022-10-15

We would have voted YES for this proposal, these parameter updates are the first set of Risk Parameter updates for Aave V3 Avalanche, and according to the forum post by Gauntlet https://governance.aave.com/t/arc-risk-parameter-updates-for-aave-v3-avalanche-2022-10-15/10280

The Gauntlet simulation engine has identified an opportunity to increase capital efficiency on Aave V3 AVAX without adding significant market risk, these parameter updates will affect the liquidation thresholds of Aave, DAI, USDC, USDT and WBTC.e
We support this proposal considering the fact that these updates ensures that the liquidation threshold assets on the Avalanche market remain within the Aave community’s moderate risk appetite.

2 Likes
3

Add Login With Unstoppable as an option to the wallet connect dialog of the Aave app

https://snapshot.org/#/aave.eth/proposal/0x4235fc04388f9149309f067082aa3c1cf16162462f8252d6d2004da024975d84

We voted “Yes” for this proposal, adding another login option to the existing one on the Aave dApp. The Unstoppable Domains agreed to provide marketing support aiming to grow Aave usage: slots in UD’s newsletter (300k audience), Posts on Socials (300k on Twitter, 125k on Tiktok), as well as Aave mentions on relevant comms material at future events.

2 Likes
4

Deploy Aave V3 to zkSync 2.0 Testnet

We voted Yes to this proposal based on the grounds that it helps Aave achieve its Multi-Chain mission, currently we can identify no significant risks to Aave and no issues have been raised by the security companies contracted by Aave.

Security and Agility of Aave Smart Contracts via Continuous Formal Verification

We voted Yes to this proposal, this is a proposal to improve Aave’s security using formal verification and manual code review, we voted yes because we are committed to security efforts made in Aave’s best interest.

5

Staked ATokens, A New Aave Primitive Exploring Vote-Escrow Economies

Vote: Yes

As delegates in both Aave and Balancer we are glad to see this partnership bear fruit and progress to the innovative stage that would bear results in the form of revenue and net positive development for the ecosystem at large, for this reason, we voted Yes.

Certora Continuous Formal Verification

Vote: Yes

We voted yes for this proposal because we believe that Certora has done a great job with Aave’s security, particularly with involving the community in Aave’s development.

Strategic Partnership with Balancer DAO Part 2 - 100k BAL Acquisition

Vote: Yes

As delegates in Aave and Balancer, we are glad to see this partnership progress with the further acquisition of BAL tokens, we believe that this partnership will crypto met positive value for the ecosystem at large.

Add OP to Aave V3 on Optimism

Vote: Yes

We believed in the key role that the Optimism native token would play in the Aave V3 optimism market.

Risk Parameter Updates for Aave V2 ETH Market (2022-11-12), Risk Parameter Updates for Aave V2 ETH Market (2022-11-13) and Risk Parameter Updates for Aave V2 ETH (2022-11-13)

Vote: Yes

We voted Yes to these three proposals because we understand the need for constant iteration of parameters to ensure optimum risk management.

1 Like
6

[ARC] Gauntlet <> Aave Renewal

Vote: Yes

Rationale: We voted Yes to this proposal. The value that Gauntlet Provides has become a strong pillar to the Aave community and continuing this relationship would result in more value creation.

ARC: Enable USDT as collateral on Aave V3 (Avalanche)

Vote: Yes

Rationale: We are voted No for this proposal because there are a number of factors that makes USDT a risky collateral asset outside Isolation Mode, from severe liquidation risks from a depeg, to other risks such as proof of reserves and counterparty risk.

[ARC] LDO Emission_Admin for Polygon v3 Liquidity Pool

Vote: Abstain

Rationale: We voted Abstain to this proposal because of the lack of clarity on the methodology for how the rewards would be distributed.

[ARC] SD Emission_Admin for Polygon v3 Liquidity Pool

Vote: No

Rationale: We voted No to this proposal because the idea of Stader Labs distributing rewards themselves would not encourage a transparent process, the proposal fails to spell out the methodology for how the rewards will be distributed.

[ARC] Aave V3 Ethereum Deployment: Assets and Configurations Part 1

Vote: Yes

Rationale: We voted Yes to this proposal to select the initial assets that would be listed on Aave V3, these assets will be listed alongside parameters set by Gauntlet.

[ARC] ETH Interest Rate Curve Update

Vote: Yes

Rationale: We voted Yes to this proposal as a means of supporting the iterative culture being built here at Aave, by adjusting asset parameters, value can be created for users.

[ARC] stMATIC & MaticX Emission_Admin for Polygon v3 Liquidity Pool

Vote: Yes

Rationale: By enabling emissions on the stMATIC and MatixX pool, we would incentivize more deposits in the pool, which in turn contributes to value for Aave.

Strategy on sunset of Aave V1

Vote: Freeze V1 (No borrow/No supply)

Rationale: At StableNode we believe in lean governance, therefore in order to reduce the additional overhead on Aave, we voted to wind down V1.

Risk Parameter Updates for Aave V2 (2022-11-17)

Vote: Yes

Rationale: Supporting iterative risk management proposals are a key part of running Aave and we are glad to support this proposal that adjusts liquidation threshold and loan to value for REN.

[Temp Check] Add Support for cbETH for Aave V3

Vote: Yes

Rationale: Considering most of cbETH’s liquidity is on Coinbase, there is very little on-chain liquidity that would be justify listing this asset on Aave, however with V3 Isolation mode, the Aave protocol can be protected from liquidity attacks, gladly the authors incorporated community feedback to list on V3, for that reason we are glad to support this proposal.

[ARC] V3 Supply Cap Recommendations for Uncapped Assets (Fast-track)

Vote: Yes

Rationale: We are glad to support this risk management parameter for uncapped assets on the Avalanche, Optimism, and Arbitrium networks. Risk management is an important part Aave V3’s culture and we are committed to contributing to it through governance.

Risk Parameter Updates for Aave V3 AVAX 2022-11-23

Vote: Yes

Rationale: In order to ensure risk management, this proposal recommends freezing a number of assets on Aave V2 Polygon and increasing borrow caps on the Aave V3 AVAX market, we are glad support this proposal that prioritizes the protection of Aave users.

Pause LINK Borrowing

Vote: Yes

Rationale: Considering current market conditions in relation to LINK, temporarily pausing borrowing on LINK is an essential risk parameter implementation.

Pause UNI Borrowing

Vote: Yes

Rationale: Considering current market conditions in relation to UNI, temporarily pausing borrowing on UNI is currently an important risk parameter implementation.

Risk Parameter Updates for Aave V2 ETH Market (2022-11-22)

Vote: Yes

Rationale: We support this proposal to freeze the following assets on the Aave V2 ETH Market, this has been necessitated by current market conditions in relation to these assets.

Activation of a ParaSwap fee claimer contract

Vote: Yes

Rationale: We are glad to support Aave in claiming its rewards from Paraswap’s positive slippage, since Paraswap powers Aave’s Swap Collateral and Repay features, these rewards have been earned, it is also important to note that there is no negative side effect to this process.

Risk Parameter Updates for Aave V2 Polygon

Vote: Yes

Rationale: In order to ensure risk management, this proposal recommends freezing a number of assets on Aave V2 Polygon, which will incentivize users to move over to Aave V3 which is safer to use because of its additional features.

Risk Parameter Updates for Aave v2 Ethereum Liquidity Pool

Vote: Yes

Rationale: We support this risk parameter due to the fact that it is a timely response to recent market events. It is quite important to reduce the risk profile in a number of the assets listed below, through this proposal borrowing would be disabled but deposits will still be allowed.

7

Risk Parameter Updates for Aave v2 Polygon

Vote: Yes

Rationale: We voted yes to this Risk Parameter because of the need to constantly iterate on risk parameters, in this case, this involves freezing GHST, BAL, and SUSHI.

Aave StarkNet Phase I - Aave <> StarkNet Bridge deployment/activation by Aave governance

Vote: Yes

Rationale: As a contribution to Aave’s Multi-Chain Strategy, we are glad to support this proposal to deploy Aave V2 Ethereum aTokens on StarkNet.

[ARC] Add Support for OHM

Vote: No

Rationale: OHM’s status as an algorithmic stablecoin creates a difficult situation for listing on Aave, in line with the Aave’s community’s current risk appetite and current market conditions, we cannot support this proposal, an alternative approach could be resubmitting this proposal with a specific request of being listed on Aave V3 in Isolation Mode.

[ARFC] Aave DAO Policy Change: Halt Listings on all Aave v1 & v2 Non-Permissioned Deployments

Vote: Yes

Rationale: We support this proposal because we believe this is a timely and important proposal, this is the right time to start pushing for Aave V3 adoption, and we would be glad to support this proposal.

Set LDO, stMATIC, MaticX, and SD Emission_Admin for Polygon v3 Liquidity Pool

Vote: Yes

Rationale: We support the distribution of rewards to the Polygon Liquidity Pool, and we hope that this will incentivize further deposits.

V3 Borrow Cap Recommendations (Fast-track)

Vote: Yes

Rationale: This is a fast-tracked parameter proposal and we are glad to support this iteration for 7 uncapped assets and amend borrow caps for 9 assets on 4 chains.

Freeze Aave V1

Vote: Yes

Rationale: At StableNode we believe in lean governance, therefore in order to reduce the additional overhead on Aave, we voted to wind down V1

Risk Parameter Updates for Aave v2 Ethereum (USDC LT and LTV)

Vote: Option 2

Rationale: We are glad to support to this risk parameter update by Chaos Labs for the Liquidity Threshold and Loan to Value ratio for USDC on Aave V2 Ethereum.

Risk Parameter Updates for Aave v2 Ethereum (DAI LT and LTV)

Vote: Option 2

Rationale: We are glad to support this risk parameter update by Chaos Labs for the Liquidity Threshold and Loan to Value ratio for DAI on Aave V2 Ethereum.

Risk Parameter Updates for Aave v2 Ethereum - LTs and LTVs for Long Tail Assets

Vote: Yes

Rationale: We gladly support adjusting the 8 risk parameters of $MKR, $CRV, $SNX, and $ENS. This parameter update will significantly reduce liquidations in these assets by 3%.

[ARFC] Receipt of Gauntlet Insolvency Fund

Vote: Yes

Rationale: In response to the CRV bad debt, we support transferring the Gauntlet Insolvency Fund to Aave.

[ARFC] Repay Excess CRV Debt on Ethereum v2

Vote: Use USDC to acquire CRV

Rationale: This is an important vote that would kickstart the process of repaying the excess debt in CRV reserve on the Ethereum V2 liquidity pool. aCRV is a strategic holding that should not be used to repay this debt, for this reason, we support using 100% USDC to acquire CRV.

[ARFC] Ethereum v2 Collector Contract Consolidation

Vote: Yes

Rationale: We support this vote that proposes consolidating the Aave v2 Collector Contract holdings by selling long tail assets to USDC to redeem assets from the AMM deployment. This is a key step in paying the CRV bad debt, so we would support this.

1 Like
8

[ARFC] Aave DAO Policy Change: Halt Listings on all Aave v1 & v2 Non Permissioned Deployments

Vote: Yes

Rationale: We support this proposal because we believe this is an timely and important proposal, this is the right time to start pushing for Aave V3 adoption, we would be glad to support this proposal.

Set LDO, stMATIC, MaticX and SD Emission_Admin for Polygon v3 Liquidity Pool

Vote: Yes

Rationale: We support the distribution of rewards to the Polygon Liquidity Pool, we hope that this will incentivize further deposits.

[Temp Check] Deploy Aave on Metis

Vote: No

Rationale: The primary source of concern in relation to Metis is that he low level liquidity. In addition to this there are fundamental infrastructure problems that Metis has not addressed, for this reason we are not supporting this proposal as it is not in Aave’s best interest.

Aave v2 ETH Interest Rate Curve Update

Vote: Yes

Rationale: This is an important parameter update to the on the Aave Ethereum v2 and v3 Liquidity Pool which we are happy to support.

[ARC] Updated: Gauntlet <> Aave Renewal

Vote: Yes

Rationale: The working relationship between Gauntlet and Aave has been one of immense value and we are glad to support this value exchange.

1 Like
9

Authorize the release of Aave <> Chainlink Proof of Reserve for Aave Avalanche

Vote: Yes

Rationale: We support this integration of ChainLink’s Proof of Reserves as it forms an important security measure for bridged assets which can be targets for attacks from an exploit on the bridge or origination network, with this integration, there is an added layer of security.

[ARFC] Aave v3 Polygon wMATIC Interest Rate Update

Vote: Yes

Rationale: We support this proposal to bring the wMATIC reserve utilization rate in proportion with the cost of borrowing in order to incentivize more utilization.

[ARFC] BAL Interest Rate Curve Upgrade

Vote: Yes

Rationale: We support this proposal’s approach to revising the interest rate Slope 1 parameter in various stages depending on how the market reacts to the parameter change.

Update renFIL rate strategy on Aave v2 Ethereum

Vote: Yes

Rationale: We support this strategy change of Proposal to renFIL on Aave v2 Ethereum in order to prevent the further accrual of variable borrow debt.

Gauntlet <> Aave Renewal

Vote: Yes

Rationale: The value that Gauntlet Provides has become a strong pillar to the Aave community and continuing this relationship would result in more value creation

Chaos Labs - Aave v2 Coverage

Vote: Yes

Rationale: Chaos Labs has solidified itself as a valuable part of the Aave Community for that reason, we gladly support this proposal, considering the scope, proposed compensation and timeline for this engagement, we believe that managing risk on V2 while incentivizing a move to V3 is in the best interest of the Aave Protocol and its users.

Rewards controller update across V3 pools

Vote: Yes

Rationale: We support this proposal that updates the Aave code base, specifically the the periphery code base which compliments the Aave V3 core, this is a vital aspect of Aave’s continued operation, therefore we are glad to support.

Risk Parameter Updates for Aave v2 Ethereum - LTs and LTVs for Long Tail Assets

Vote: Yes

Rationale: Constant iteration is an important aspect of running a successful DeFi protocol, on this basis we are proud to support these Liquidity Threshold and Loan to Value Ratio risk parameter updates for ENS, MKR, SNX and CRV).

Risk Parameter Updates for Aave v2 Ethereum - LT and LTV (DAI, USDC)

Vote: Yes

Rationale: Constant iteration is an important aspect of running a successful DeFi protocol, on this basis we are proud to support these Liquidity Threshold and Loan to Value Ratio risk parameter updates for DAI and USDC on Aave V2 Ethereum.

Supply/Borrow Cap Updates for Aave v3

Vote: Yes

Rationale: Putting caps on supplies and borrowing is an important aspect of maintaining the Aave Protocol, for this reason we are glad to support this update for Aave V3.

1 Like
10

[ARC]: Risk Parameter Updates for Aave V3 Optimism 2022-12-29

Vote: Yes

We are glad to support this parameter implement a supply cap for Aave assets on the Aave V3 deployment on Optimism.

11

Chaos Labs Aave v2 Coverage

Vote: Yes

Rationale: Chaos Labs has solidified itself as a valuable part of the Aave Community; for that reason, we gladly support this proposal. Considering the scope, proposed compensation and timeline for this engagement, we believe that managing risk on V2 while incentivizing a move to V3 is in the best interest of the Aave Protocol and its users.

Approve pricing approach for WBTC on Aave

Vote: Price WBTC based on a WBTC feed

Rationale: In our opinion, wrapped assets should be considered distinct from the underlying asset; in this case, we believe that WBTC is distinct from BTC and should be priced according to its status as a wrapped asset.

12

Risk Parameter Updates for Aave V3 Optimism Market (2022-12-29)

Vote: Yes

Rationale: We are glad to support this parameter implements a supply cap for Aave assets on the Aave V3 deployment on Optimism.

Updated: Aave Grants DAO Renewal

Vote: Yes

Rationale: The value that the Aave Grants DAO has created has been commendable. After the update to the proposed funding amounts, we are glad to support this proposal, the lean approach taken to funding the Aave Grants DAO is an important part of our approach to participating in the ecosystem, and we are glad to see it implemented at the Grants DAO.

Add OP to Aave V3 on Optimism

Vote: Yes

Rationale: We are glad to onboard OP as a Collateral asset on the Aave V3 Optimism Network. As Optimism’s Native Token, the token has earned a natural place as a collateral asset on the Aave V3 Optimism Market.

[ARC] Aave Ethereum V3 market initial onboarded assets

Vote: Yes

Rationale: Considering the Aave Community’s risk appetite, we must adopt Chaos Lab’s approach to launching the initial V3 Markets with a Risk Off approach.
Through this conservative and safe approach, we can then gather data that would be used to run simulations and inform subsequent parameters.

Enable Search by UNS + ENS Domains

Vote: No

Rationale: Currently, we cannot see a significant value add from this proposal to the Aave Ecosystem; for this reason, we are choosing not to support this proposal.

13

[ARC] Interest Rate Curve Changes for Aave V2 ETH

Vote: Yes

Rationale: This is an important parameter update to on the Aave Ethereum v2 market, with specific changes to USDT and TUSD parameters.
We are glad to support this optimization of these assets to prevent 100% utilization in the pools.

[ARFC] CRV Interest Rate Curve Upgrade

Vote: Abstain

Rationale: In the absence of an independent technical analysis by Gauntlet, we do not have enough information to support this proposal in its current form.

Freeze agEUR on Aave v3 Polygon

Vote: No

Rationale: We do not support freezing agEUR on Aave v3 Polygon because the collateralization is not affected by the exploit on Midas; freezing the asset for no viable reason would be the wrong decision in our opinion.

Freeze jEUR on Aave v3 Polygon
(Unfortunately, we missed this vote, but this is how we would have voted and the rationale).

Vote: Yes

Rationale: Because a sizable amount of that jEUR supply was affected by the Midas exploit, it is essential that we freeze the asset to prevent any possible contagion.

Ethereum v2 Collector Contract Consolidation

Vote: Yes

Rationale: We support this vote that proposes consolidating the Aave v2 Collector Contract holdings by selling long tail assets to USDC to redeem assets from the AMM deployment. This is a key step in paying the CRV bad debt, so we would support this.

[ARC] Compensate Bug Bounty Contributor

Vote: Pay 20 AAVE Tokens

Rationale: We are in support of rewarding this bug bounty contributor. By compensating this contributor, the Aave DAO is sending a signal that future vulnerabilities disclosed through proper channels will be adequately rewarded.

Renew Aave Grants DAO

Vote: Yes

Rationale: The value that the Aave Grants DAO has created has been commendable. After the update to the proposed funding amounts, we are glad to support this proposal, the lean approach taken to funding the Aave Grants DAO is an important part of our approach to participating in the ecosystem, and we are glad to see it implemented at the Grants DAO.

Repay Excess CRV Debt on Ethereum v2

Vote: Yes

Rationale: This is an important vote that would kickstart the process of repaying the excess debt in CRV reserve on the Ethereum V2 liquidity pool. aCRV is a strategic holding that should not be used to repay this debt; for this reason, we support using 100% USDC to acquire CRV.

1 Like
14

[ARFC] wETH Interest Rate Curve - Ethereum v2

Vote: Yes

Rationale: We gladly support this proposal to amend the WETH interest rate, by adjusting this interest rate we may be able to increase the utilization of the WETH reserve, and this ultimately creates value for Aave.

[ARFC] Add wstETH to Optimism Aave v3

Vote: YAE without emode

Rationale: After considering the risk assessments by Gaunlet, BDG Labs and Llama, we support adding wstETH without efficiency mode to Optimism on Aave V3. Considering the Ethereum Shanghai Upgrade is near, it would be best to see how the market responds before turning on efficiency mode.

[ARC] Onboard rETH (rocket pool ETH) to Aave V3 ethereum market

Vote: YAE without emode

Rationale: Considering the risk assessments by Gaunlet, BDG Labs and Llama, we support onboarding rETH without efficiency mode to the Aave V3 Ethereum Market. Considering the Ethereum Shanghai Upgrade is near, it would be best to see how the market responds before turning on efficiency mode.

Interest Rate Curve Changes for Aave V2 ETH

Vote: Yes

Rationale: Parameter changes are an important part of maintaining the Aave protocol.
Gauntlet has taken the step to identify necessary parameters changes that would benefit the protocol. We believe these changes would contribute to creating more value for the protocol, therefore we are glad to support this proposal.

[ARFC] LDO Emission_Admin for Ethereum, Arbitrum and Optimism v3

Vote: Yes

Rationale: Reward distribution is an important part of every incentive scheme, therefore, we can glad to support this proposal for Lido to distribute LDO rewards across the Aave v3 Ethereum, Arbitrum and Optimism Liquidity Pools.

Add cbETH to Aave V3 Ethereum

Vote: Yes

Rationale: We support onboarding cbETH Aave V3 Ethereum market, we are glad that this proposal does not recommend onboarding this asset with emode, on this basis we support this proposal.

Aave v3 Polygon wMATIC Interest Rate Update

Vote: Yes

Rationale: We are in support of this proposal to amend the interest rate parameters, SupplyCap, and BorrowCap for wMATIC on the Aave Polygon v3 Liquidity Pool.

BAL Interest Rate Curve Upgrades

Vote: Yes

Rationale: We are in support of this proposal to amend the BAL interest rate parameters on the Aave Ethereum v2, Polygon v3 and Polygon v2 Liquidity Pools.

[ARFC] Add USDT to Ethereum V3 Market

Vote: Yes

Rationale: We support adding USDT to the Ethereum V3 Market in line with the parameters outlined in the proposal, as k e of the largest Aave V2 stablecoins, adding this asset to Aave V3 is vital, we are glad to see that this asset will not be listed as collateral due to its centralized nature.

[ARFC] Add wstETH to Arbitrum Aave v3

Vote: Yes

Rationale: We support adding wstETH to Arbitrum Aave v3 with emode, considering the risk analysis provided by Gauntlet and Chaos Labs and the conservative proposed borrow and supply caps contained in the proposal, the market risk of wstETH in emode is minimal.

[ARFC] CRV Interest Rate Curve Upgrade

Vote: Yes

Rationale: We support this proposal to update the CRV interest rate parameters on the Aave Ethereum v2, Ethereum v3, Polygon v3, and Polygon v2 Liquidity Pools.
This proposal aims to deliver an improvement on Capital efficiency by increasing Uoptimal value. In order to maximize revenue, these changes must be closely monitored and updated frequently.

[Temp Check] Deploy Aave V3 on Neon EVM Devnet

Vote: No

Rationale: Considering the centralization, down time and low tvl risks associated with Solana, we do not support deploying Aave V3 on the Neon EVM Devnet.

15

[ARFC] increase borrow cap for MAI Aave Polygon V3

Vote: Yes

Rationale: We support this proposal to increase the borrowing cap for the MAI Aave Polygon V3 market; this increase will help meet the demand for MAI and consequently increase revenue.

[ARC] Add LUSD to Ethereum V3

Vote: Yes

Rationale: We support adding LUSD to the Ethereum V3 Market, and we welcome the initiative to promote stablecoin diversity within Aave V3; through these efforts, more users from different ecosystems would use Aave to leverage their preferred assets.

Add USDT to Aave Ethereum V3 pool

Vote: Yes

Rationale: We support adding USDT to the Ethereum V3 Market in line with the parameters outlined in the proposal, as one of the largest Aave V2 stablecoins, adding this asset to Aave V3 is vital, we are glad to see that this asset will not be listed as collateral due to its centralized nature.

Add rETH to Aave Ethereum V3 pool

Vote: Yes

Rationale: We support adding rETH to the Aave Ethereum V3 pool, including rETH with the right parameters as provided by this proposal would be a valuable addition to the Aave V3 Ethereum pool; therefore, we support this proposal.

[ARC] Onboarding sfrxETH to Aave V3 Ethereum Market

Vote: Yes

Rationale: We support onboarding sfrxETH to the Aave V3 Ethereum Market.
sfrxETH is a productive asset that would be a valuable addition to the Aave V3 Ethereum Market.

[ARFC] Add BAL Ethereum v3

Vote: Yes

Rationale: We support adding BAL to the Aave V3 Ethereum Market. BAL is a very strategic asset for Aave, so the addition of BAL is imperative.

[ARC] Add Safety module support for Aave V3 Ethereum market

Vote: Yes

Rationale: We are in support in extending safety module support for the Aave V3 Ethereum market, this module will play a vital role in Aave V3 in case there is a shortfall event.

[ARFC] Add CRV to Ethereum v3

Vote: Yes

Rationale: We are in support of adding CRV to the Aave V3 Ethereum Market, CRV earned from the pool can be used to bootstrap the adoption of GHO, and this pool could become the basis of an essential flywheel for GHO; therefore, we are glad to support this proposal.

[ARFC] Freeze BUSD on Aave V2

Vote: Yes

Rationale: Due to the current developments regarding BUSD and it’s arrangement with Paxos, it is important that we freeze BUSD on Aave V2. Therefore we support this proposal.

Add LUSD to Aave Ethereum V3 pool

Vote: Yes

Rationale: We support adding LUSD to the Aave Ethereum V3 Pool; stablecoin diversity is an important part of Aave’s offerings, this way we can cater to users from different ecosystem’s, therefore we are glad to support this proposal.

Supply/Borrow Cap Updates Polygon and Arbitrum V3

Vote: Yes

Rationale: Since these assets have reached high utilization, then an adjustment is necessary to optimize for revenue generation; therefore, we support this proposal to adjust the supply and borrow caps for V3 assets on Polygon and Arbitrum.

[ARC] Gauntlet Risk Parameter Updates for Optimism Aave V3 (2023-02-16)

Vote: Yes

Rationale: To optimize parameters to avoid liquidations, we support this proposal by Gauntlet to adjust the risk parameters for the Optimism Market.

Chaos Labs Risk Parameter Updates - Aave V3 Avalanche - 2023.02.07

Vote: Yes

Rationale: We support these risk parameter updates proposed by Chaos Labs to adjust Loan-to-Value and Liquidation Threshold on the Aave V3 Avalanche Market. We believe these optimizations maximize borrow usage and reduce liquidations, these optimizations ultimately translate to more value for Aave.

[ARFC] MaticX Risk Parameter Interest Rate Polygon v3 Upgrade

Vote: Yes

Rationale: We support this Interest rate upgrade on the Aave V3 Polygon Market. By increasing the supply cap, we would enable significant utilization of the pool, which would translate to more value for Aave.

Update MAI Caps Aave Polygon V3 pool

Vote: Yes

Rationale: We support updating the MAI supply and borrow caps for the Aave Polygon V3 Pool, through this update we can ensure that this pool is optimized to create the most value for the Aave Protocol.

LDO - Reward Controller Access Request

Vote: Yes

Rationale: Reward distribution is an important part of every incentive scheme, therefore we can glad to support this proposal for Lido to distribute LDO rewards across the Aave v3 Ethereum, Arbitrum and Optimism Liquidity Pools.

Ethereum v2 - wETH Interest Rate Curve Upgrade

Vote: Yes

Rationale: We support this proposal to adjust the wETH Interest Rate Curve Upgrade in order to lead to the high utilization of the v2 wETH reserve and stop the TVL and revenue decline.

[ARC] Community Risk Preference on Aave V3 Borrow/Supply Caps

Vote: Conservative only for small markets

Rationale: After analyzing the recommendations from Gauntlet and Chaos Labs, we adopt the view that Aave should adopt a conservative approach for its small markets while allowing major and strategic assets the flexibility to grow. We believe that the community should avoid assumptions that liquidity conditions will improve and work with what is before us by staying within the current liquidity conditions on Aave and Optimism.

[ARFC] Avalanche wAVAX Interest Rate Upgrade

Vote: Yes

Rationale: We are in support of upgrading the wAVAX Interest Rate, we believe that this parameter update would ensure that the pool is optimized to create the most value for the Aave Protocol.

onboard WSTETH to Aave Optimism V3 pool

Vote: Yes

Rationale: We support adding wstETH to the Aave Optimism Pool. Having multiple Liquid Staking Derivates is an important aspect of onboarding users unto Aave V3.

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Update xSushi price feed on Aave V2

Vote: Yes

Rationale: We are in support of changing the xSushi price feed from the current custom version which is built entirely on-chain to the off-chain feed deployed by Chainlink this is less costly in terms of gas costs and this change also reduces the chances of on-chain manipulation.

Increase supply cap for cbETH Aave Ethereum V3

Vote: Yes

Rationale: We are in support of increasing the supply cap for cbETH Aave Ethereum V3, by increasing the Cap, we ensure that more users have access to the pool.

[Temp Check] Deploy Aave v3 on Scroll testnet

Vote: Yes

Rationale: We are in support of deploying Aave V3 on the Scroll Testnet, with the EVM equivalence, adapting Aave to the Scroll Testnet will neither be costly nor difficult, additionally we would be opening up Aave V3, to an entirely new community.

Supply Cap update sAVAX Avalanche V3

Vote; Yes

Rationale: To ensure that we are generating the most value from the AVAC pool on the Avalanche Market, it is important that we increase the supply cap to meet demand.

[ARC] Gauntlet Risk Parameter Updates for Avalanche Aave V3 (2023-02-16)

Vote: Yes

Rationale: We are in support of the risk parameter updates proposed by Gauntlet to take effect on the Avalanche Aave V3 Market, we believe that these updates are essential in maintaining the overall health of the protocol.

[ARC] Gauntlet Interest Rate Curve Recommendations for Aave V3 Markets (Feb 2023)

Vote: Yes

Rationale: We are in support of the interest rate curve recommendations proposed by Gauntlet to take effect active V3 markets (Ethereum, Arbitrum, Avalanche, Optimism, Polygon), we believe that these interest rate curve updates are an important part of ensuring that the Aave Protocol is benefitting as much as it can from these assets.

[ARFC] Aave V3 Caps update Framework

Vote: Yes

Rationale: We are in support of this proposal’s premise to direct votes for cap changes or FreezeReserve() implementation directly to an AIP if the cap change meets conditions laid out in the proposal, this will cut short the proposal life cycle for this kind of proposals and ensure that demand for either supply or borrowing is met in a shorter time frame.

Chaos Labs Risk Parameter Updates - MKR on Aave V2 Ethereum

Vote: Yes

Rationale: We are in support of this proposal to adjust the Liquidation Threshold (LT) and Loan-To-Value (LTV) of MKR on the Aave V2 Ethereum Market, we applaud this utilization of a parameter update to hedge against possible attack vectors on assets that could be vulnerable on Aave V2.

Freeze BUSD on Aave v2 ETH

Vote: Yes

Rationale: Due to the current developments regarding BUSD and it’s arrangement with Paxos, it is important that we freeze BUSD on Aave V2. Therefore we support this proposal.

Add wstETH to Arbitrum Aave v3

Vote: Yes

Rationale: We support adding wstETH to the Aave Arbitrium Pool. Having multiple Liquid Staking Derivates is an important aspect of onboarding users unto Aave V3.

Risk Parameter Updates for Aave V3 OP Market (2023-02-16)

Vote: Yes

Rationale: We are in support of the risk parameter updates proposed by Gauntlet to take effect on the Optimism Aave V3 Market, we believe that these updates are essential in maintaining the overall health of the protocol.

ARC Spark Lend Profit Share Proposal

Vote: Entire profit share direct payment

Rationale: We are in support of keeping payment implementation simple with a direct payment in DAI.

Chaos Labs Risk Parameter Updates - Aave V3 Arbitrum - 2023.02.20

Vote: Yes

Rationale: We are in support of this Risk Parameter Update Proposal to adjust the parameters of 4 Aave V3 Arbitrum assets. Through data driven iterations, we believe that Aave can constantly ensure that assets are optimized to create value for the Aave Protocol and its users.

[ARC]- Chaos Labs Risk Parameter Updates - Aave V3 Ethereum - 2023.02.22

Vote: Yes

Rationale: We are in support of this Risk Parameter Update Proposal to adjust four (4) total risk parameters, including Loan-to-Value and Liquidation Threshold, across two (2) Aave V3 Ethereum assets. Through data-driven iterations, we believe that Aave can constantly ensure that assets are optimized to create value for the Aave Protocol and its users.

Rescue Mission Phase 1 Short Executor

Vote: Yes

Rationale: We are glad to support this rescue mission for tokens sent to well-known Aave Ecosystem Smart Contract Addresses, this is an important initiative that increases trust in the Aave Ecosystem.

Rescue Mission Phase 1 Long Executor

Vote: Yes

Rationale: We are glad to support this rescue mission for tokens sent to well known Aave Ecosystem Smart Contract Addresses, this is an important initiative that increases trust in the Aave Ecosystem.

[ARFC] Proposal for Deploying “Whitelabel” Aave V3 Market for RealT Tokens on GnosisChain

Vote: Yes

Rationale: We are in support of this proposal to deploy a “whitelabel” version of Aave V3 for RealT tokens on the Gnosis Chain network. By encouraging friendly forks from credible DeFi projects who wish to leverage the Aave Codebase, we are increasing the adoption of Aave technology across the entire ecosystem.

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MaticX Risk Parameter & Interest Rate Upgrade

Vote: Yes

Rationale: We support adjusting the Risk Parameters and Interest Rate of MaticX; these iterations ensure that this asset is being optimally utilized to create the most value for Aave users and the Aave protocol at large.

Supply and Borrow Cap Updates - Aave V3 Avalanche

Vote: Aggressive

Rationale: We are in support of moving ahead with an aggressive strategy, with the demand in the Avalanche Market, it is important that we capitalize on this opportunity.

Add CRV to Ethereum v3

Vote: Yes

Rationale: We are in support of adding CRV to the Aave V3 Ethereum Market, CRV earned from the pool can be used to bootstrap the adoption of GHO, this pool could become the basis of an important flywheel for GHO, therefore we are glad to support this proposal.

[ARFC] BUSD Offboarding Plan

Vote: Yes

Rationale: Considering the uncertainty surrounding BUSD, we are in support of off-boarding of BUSD from Aave V2.

increase supply cap for wstETH Aave Arbitrum V3

Vote: Yes

Rationale: In order to ensure that this asset is being utilized in such a manner that maximum value is created for the Aave protocol and it’s users, we are in support of increasing the supply cap of wsETH on the Arbitrium Market, the demand on Arbitrium is rising and it would be wise business practice to meet this demand.

Supply/Borrow Cap Updates V3 Arbitrum, Optimism, Polygon

Vote: Yes

Rationale: We are in support of this proposal that aims to adjust risk parameters for assets on the Arbitrium, Optimism and Polygon Market. By iterating the parameters of these 14 assets, we can ensure that they are optimized for the value and safety of user funds.

Risk Parameter Updates Aave V3 Arbitrum

Vote: Yes

Rationale: With the consistent growth taking place in the Arbitrium market, it is important that risk parameters are closely monitored to ensure that risk is effectively managed to ensure the safety of user funds and the overall health of the protocol.

[ARFC] Activate emode for cbETH Aave Ethereum V3

Vote: Yes

Rationale: Due to the amount of traction cbETH had on the Aave V3 market, enabling emode for cbETH will enable leverage strategies that will increasing staking yields which will create more value for Aave users and the protocol itself.

Chaos Labs Risk Parameter Updates - Aave V3 Optimism - 2023.02.28

Vote: Yes

Rationale: We support these risk parameter updates for the Optimism market proposed by Chaos Labs; these parameter updates always ensure that these Aave V3 Assets are optimized for safety and returns for Aave users and the protocol.

stMATIC SupplyCap Increase Polygon v3

Vote: Yes

Rationale: To ensure that this asset is being utilized in such a manner that maximum value is created for the Aave protocol and it’s users, we are in support of increasing the supply cap of stMATIC on the Polygon Market.

increase supply cap for cbETH Aave Ethereum V3

Vote: Yes

Rationale: Due to the amount of traction cbETH has on the Aave V3 market we are in support of increasing the supply caps in order to meet the increasing demand.

Risk Parameter Updates for MKR - Aave V2 Ethereum

Vote: Yes

Rationale: We are in support of these proposed risk parameters that would optimize MKR on Ethereum Aave V2 against attack vectors by increasing the capital required to launch the attack.

[TEMP CHECK] - Whitelist Hashflow Wormhole For V3 Portals

Vote: Yes

Rationale: We are in support of this proposal based on the fact that Wormhole had satisfied all the requirements according to the Portals Governance Framework.

[ARFC] Add MKR to Ethereum v3

Vote: Yes

Rationale: We believe that MKR would be a suitable fit for Aave V3, as a strategic asset, it is important that we support its use on Aave V3.

[ARFC] Add SNX to Ethereum v3

Vote: Yes

Rationale: We are in support of onboarding SNX as an asset to Aave V3, through all the financial primitives enabled by Synthetix, the token is well positioned as a strategic asset and would enable Aave to continue generating SNX nominated revenue, therefore creating value for the Aave Protocol and its users.

[ARFC] Add UNI to Ethereum v3

Vote: Yes

Rationale: With UNI being a DeFi Blue Chip asset, we are in support of onboarding UNI unto the Aave V3 Ethereum Market.

[ARFC] Grant OP Emission_Admin for Optimism v3 Liquidity Pool to Lido DAO

Vote: Yes

Rationale: We are in support of this proposal to enable Lido DAO to distribute OP rewards across the Aave v3 Optimism Liquidity Pool.

[ARFC] Add LUSD to Optimism V3 Market

Vote: Yes

Rationale: In a bid to support stablecoin diversity and enable users from various ecosystems the opportunity to leverage the Aave Protocol, we are glad to support onboarding LUSD to the Optimism Aave V3 Market.

[ARC] Platypus Finance Rescue Mission

Vote: Yes

Rationale: We are in support of the Aave DAO assisting Platypus Finance in recovering the stablecoins which were directly deposited into Aave by the hacker.

[ARFC] Onboard AgEUR to Aave Arbitrum V3

Vote: Yes

Rationale: We are in support of onboarding AgEUR to the Arbitrium Aave V3 Market; with the growth of the Arbitrium Market, this asset onboarding could present valuable opportunities for the protocol, and it’s users.

[ARFC] Onboard AgEUR to Aave Optimism V3

Vote: Yes

Rationale: We are in support of onboarding AgEUR to the Optimism Aave V3 Market, the market for Euro Backed StableCoins has shown promise, with this asset onboarding, the Aave protocol is adequately preparing for adoption of Euro Backed Stablecoins.

CRV Interest Rate Curve Upgrade

Vote: Yes

Rationale: We support this proposal to update the CRV interest rate parameters on the Aave Ethereum v2, Polygon v3, and Polygon v2 Liquidity Pools. This proposal aims to deliver an improvement in Capital efficiency in order to maximize revenue.

BUSD Offboarding Plan

Vote: Yes

Rationale: Considering the uncertainty surrounding BUSD we are in support of this proposal to offboard BUSD from the Aave V2 Ethereum Market.

GHST Polygon V3 Soft Freeze

Vote: Yes

Rationale: Considering the depreciation of the Bonding Curve, we are in support of this proposal to change GHST’s risk parameters. GHST will need to be reassessed in order to accurately determine its new risk profile.