[ARC] Extend Aave DAO with EIP-4824
Vote: Yes
Rationale: We are in support of this proposal to adopting EIP-4824, after the technical aspects of this proposal were addressed by BDG Labs we were concerned with the additional multisig delegation contract which was highlighted by BDG Labs. After this issue was addressed, we have no reason not to support this proposal.
[ARFC] Extend Safety Module Coverage to Polygon v3
Vote: Yes
Rationale: We are in support of this proposal to extend the Aave Safety Module Coverage to Polygon V3.
[ARFC] Deploy BAL & aBAL from the Collector Contract
Vote: Locking veBAL
Rationale: After examining the Pros and Cons, we believe that’s locking veBAL is a better investment. From maintaining good standing in Aave’s Strategic relationship with Balancer, generating bribe revenue through gauge votes, while also also having governance power. The Pro’s of locking veBAL outweigh the current yield benefit of auraBAL in our opinion.
Disable agEUR borrows on Aave v3 Polygon
Vote: Yes
Rationale: As a result of the Euler Finance Hack, significant contagion has spread to Angle Protocol, therefore we are in support of this step to disable agEUR borrowing to mitigate any risks.
[ARFC] Migrate & Consolidate Polygon Treasury
Vote: Yes
Rationale: We support this proposal to migrate and consolidate the Aave Polygon Treasury, this is proposal would implement an important treasury management strategy.
Safety Module upgrade to v1.5
Vote: Yes
Rationale: We are in support of this proposal by BDG Labs to upgrade the Aave Safety Module. We believe that these technical upgrades are imperative to ensure the integrity of the Safety Module.
Supply and Borrow Caps Update - LUSD - v3 Ethereum
Vote: Yes
Rationale: Due to the demand to increased demand to supply and borrow LUSD on the Ethereum Market, we are in support of this proposal that seeks to increase the Supply and Borrow caps for LUSD on the Ethereum Market.
Deploy Aave V3 to Metis Andromeda Mainnet
Vote: Yes
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.
MaticX Supply Cap Increase Polygon v3
Vote: Yes
Rationale: There has been significant demand for MaticX on the Polygon V3 market, with the last supply cap increase reaching 99% utilization within 24 hours. We are glad to support this supply cap increase to meet this demand.
OP Emission_Admin for Optimism v3 Liquidity Pool
Vote: Yes
Rationale: We are in support of this proposal to enable Lido DAO distribute OP rewards across the Aave V3 Optimism Liquidity Pool.
[TEMP CHECK] Aave Governance Process Improvements.
Vote: Abstain
Rationale: We are glad to have worked on this proposal with the ACI to amend the Aave Governance Process. We believe that by clarifying and simplifying proposal types, the quality of Aave Governance would improve. However we have chosen to abstain from this proposal since we wrote it ourselves.
AAVE on Harmony Recovery Plan
Vote: Abstain
Rationale: Although we support this recovery plan in principle, this proposal fails to comply with any Aave Proposal Template. Therefore we have chosen to Abstain from this vote, we recommend that this proposal should be resubmitted in line with the correct procedure for presentation to the Aave DAO.
Activate Emode for cbETH Aave Ethereum V3
Vote: Yes
Rationale: In line with the current demand for cbETH, activating emode for the asset would create more utility for cbETH on Aave and enable more value creation for users and the protocol itself.
increase supply cap for cbETH Aave Ethereum V3
Vote: Yes
Rationale: Due to the increased demand for cbETH, we are in support of this proposal to increase the supply cap to meet demand from Aave users.
Supply/Borrow Cap Updates V3 Polygon and Arbitrum
Vote: Yes
Rationale: We are in support of this proposal to implement supply and borrows cap changes on 3 assets across Polygon and Arbitrium, by iterating these parameters in reaction to user behavior and the market, these cap changes ensure that assets are optimized to create the most value.
Aave V3 Interest Rate Curve Changes
Vote: Yes
Rationale: Risk parameter changes are an important part of maintaining a safe and valuable protocol, we are in support of these changes proposed by Gauntlet after analyzing all Aave Assets.
Risk Parameter Updates for Aave V3 ETH Market (2023-03-18)
Vote: Yes
Rationale: We are in support of these changes proposed by Gauntlet to be made to the borrowing caps of wstETH and rETH on the Aave V3 Ethereum Market. In order to meet the demand for borrowing these assets, an increase in borrowing cap of these assets is a welcome development.
Freeze DPI on V2 Ethereum
Vote: Yes
Rationale: We are in support of this proposal to freeze DPI on the Aave V2 Ethereum Market. In light of recent market events, the DPI assets has lost a significant portion of its market cap and has developed significant centralization risks, considering these risks, we support this proposal to freeze DPI.
[ARC] Gauntlet Risk Parameter Recommendations for V3 AVAX (2023-03-20)
Vote: Yes
Rationale: We are in support of these risk parameter recommendations proposed by Gauntlet for assets on the AVAX Aave V3 market. These changes are an important iteration considering recent market events.
[ARC] Isolation Mode Recommendations for Aave V3 Avalanche, Polygon, and Arbitrum
Vote: Aggressive
Rationale: We are in support of the aggressive recommendations proposed by Gauntlet, we believe it is important for Risk management to be prioritized and iterated on constantly as market events occur.
[TEMP CHECK] Aave Chan Initiative 6-Month Budget Proposal
Vote: Yes
Rationale: The ACI has created significant value to the Aave DAO, and we are in support of this service provider engagement to scale and continue this working relationship.
[ARC] E-Mode Parameter Changes for V3 Avalanche, Optimism, Polygon, and Arbitrum
Vote: Option 3
Rationale: We adopt the conservative recommendations proposed by Gauntlet to put DAI, USDC and FRAX at 95% LT, 93% LTV and 1% LB. We believe this approach best optimizes risk, without disregarding profits.
[ARFC - Temp check] “MVP” V3 deployment on ZkEVM mainnet
Vote: Yes
Rationale: We are in support of replying deploying an MVP version of Aave V3 on the ZkEVM L2 built by Polygon. Due to EVM compatibility it will take minimal to make this deployment and further expand the Aave Market across the ecosystem.
[ARFC] Add LDO to Ethereum Aave v3
Vote: Yes
Rationale: We believe onboarding LDO onto Aave V3 ahead of the Shanghai Upgrade will allow for traders to express trading views into how they expect market events to occur after the Shanghai Upgrade. As a governance token of a leading liquid staking protocol, LDO would be valuable add to Aave V3 Ethereum.
[TEMP CHECK] Add support for wstETH on Polygon v3
Vote: Yes
Rationale: We are in support of this proposal because Aave’s TVL will rise as a result of the listing of wstETH on Polygon v3, which will also lead to new demand for wETH borrowing, wETH deposits, and growth for Aave.
[TEMP CHECK] Polygon v2 to v3 Liquidity Migration
Vote: Yes
Rationale: We are in support of migrating Polygon Liquidity from Aave V2 to V3, we believe that that by transferring is liquidity and its associated rewards, we can encourage users to use Aave V3 more actively.
[ARFC] Deploy aCRV & CRV to veCRV
Vote: YAE - sdCRV
Rationale: We are in support of deploying Aave’s CRV holdings into sdCRV, we believe that high yield plus the governance power is an excellent combination that would prove beneficial to the Aave DAO.
Risk Parameter Updates for Aave V3 ETH and V3 Arbitrum (2023-03-27)
Vote: Yes
Rationale: In order to meet the demand for WETH on Arbitrium and the supply for rETH and CRV on the Ethereum Network, these supply cap changes are a necessary step in creating opportunity for new suppliers while creating value for the Aave Protocol.
[TEMP CHECK] - Aave V1 Offboarding Plan
Vote: Yes
Rationale: We are in support of this proposal to gradually off board users from Aave V1 by implanting new rate strategies for assets on V1, this proposal is a welcome development as it becomes increasingly important to onboard users unto Aave V3.
[ARFC] - Configure Isolation Mode Borrowable Assets - V3 Ethereum
Vote: Yes
Rationale: We are in support of this proposal by Chaos Labs to enable all stablecoins on Ethreum V3 to be borrowable in Isolation mode, we agree with the argument by Chaos Labs that considering that Isolation Mode assets are susceptible to high volatility, it is paramount to maintain the other side of the position stable in order to reduce liquidations and resulting bad debt.
[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Optimism - 2023.03.22
Vote: Yes
Rationale: We are in support of this proposal to adjust the risk parameters of WBTC and DAI on the Optimism Aave V3 Market. Risk Parameter changes which are back by data driven research is the key to ensuring the safety of assets without compromising yield.
[TEMP CHECK] Aave V3 deployment on BNB Chain
Vote: Yes
Rationale: Considering that the BNB Chain is EVM Compatible, minimal resources would be required to deploy Aave on the BNB Chain. Additionally this presents an opportunity for a new market expansion across the ecosystem, for this reason we are support of this proposal.
Add LUSD to Aave Optimism V3 pool
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 Pool.
increase supply cap for cbETH Aave Ethereum V3
Vote: Yes
Rationale: Due to the increased demand for cbETH, we are in support of this proposal to increase the supply cap to meet demand from Aave users.
[ARFC] Add DeFi Saver to flashBorrowers on Aave V3
Vote: Yes
Rationale: We are in support of this proposal as it creates an increase in the borrowing volume of Aave, this ultimately creates value for the Aave Protocol.
[TEMP CHECK] - Aave DAO’s $ARB Airdrop Allocation
Vote: Yes
Rationale: In our opinion we believe that the best approach to utilizing Aave’s ARB Tokens would be a combination of option 1, 2 and 3. However at the center of any decision we take as a DAO, it is important that these tokens are utilized on the Arbitrium Network to show our alignment.
Risk Parameter Updates for Aave V2 AMM Market (2023-03-29)
Vote: No
Rationale: We are not in support of this proposal because it fails to comply with the Aave Governance Process, this proposal skipped a number of stages before getting to an AIP Vote.