Activate Freezing Steward on v3 missing networks
Vote: Yes
Rationale: With the FreezingSteward smart contract being an important risk management contract, it is important to ensure that this smart contract is enabled across the Avalanche, Metis, and Base networks.
Fixed REP price feed on AAVE v1
Vote: Yes
Rationale: We support replacing the current price feed for the REP Asset with a fixed price adapter, this way Chainlink can deprecate the price feed.
GHO - Increase Borrow Rate
Vote: Yes
Rationale: We support this proposal to increase the GHO Borrow Rate in a bid to protect the GHO Peg and reduce the user incentive to mint GHO and exchange for other assets. While this will slow the growth of GHO, returning GHO to peg takes precedence over growth at this time.
[ARFC] Authorising Use of Grace Sentinel
Vote: Yes
Rationale: We support the activation of this new feature which will enable the gradual unpause of an Aave V2 pool, in order to afford affected users more time in precarious circumstances.
[TEMP-CHECK] Create an Aave Financial Management Working Group
Vote: Abstain
Rationale: We believe that the Aave DAO’s Finances will benefit from having a plurality of Financial Service Providers working through different scopes to preserve the financial interests of the Aave DAO.
AmendSafetyModuleAAVEEmissions
Vote: Yes
Rationale: We support reducing the Aave safety module rewards by 30%, in addition to adding a 90 day cycle, the DAO can conserve funds and ensure it is not overpaying.
Reserve Factor Updates - Polygon Aave v2
Vote: Yes
Rationale: We support this proposal which encourages Polygon Aave V2 users to port their positions over to Aave V3 Polygon.
[ARFC] CRVUSD Onboarding on Aave V3 Ethereum Pool
Vote: Yes
Rationale: We support this proposal which onboards the CRVUSD Stablecoin which is native to the curve protocol, in addition to developing the relationship between Curve and Aave, ensuring that the Aave protocol has a diversity of stable coins onboarded is a valuable strategy.
Upgrade Aave V3 ETH Poool wETH parameters
Vote: Yes
Rationale: This parameter proposal will ensure that the Aave V3 WETH pool remains profitable for Aave users, this will in turn attract more deposits to the benefit of the Aave DAO.
[ARFC] Treasury Management - auraBAL
Vote: Yes
Rationale: We are in support this proposal which will work towards ensuring that the Aave DAO is able to comprehensively manage its auraBAL holdings comprehensively, being able to manage the DAOs strategic assets will play a key role in driving liquidity to GHO.
[ARFC] Gauntlet Cap Recommendations for Polygon v3
Vote: Yes
Rationale: In order to ensure the safety of the Aave V3 Polygon Market, we are in support of these risk parameter recommendations which set supply and borrow caps for augEUR and JEUR.
[ARFC] Gauntlet recommendation to lower stMATIC, MaticX non-emode LT, pt 2
Vote: Yes
Rationale: We are in support of these risk parameter recommendations which address the various risks associated with stMATIC, MaticX, while encouraging users to borrow against MATIC LST collateral.
[ARFC] Chaos Labs Risk Parameter Updates - Increase MKR Debt Ceiling on V3 Ethereum - 11.07.2023
Vote: Yes
Rationale: We support the increase of the MKR Debt Ceiling on Aave V3 Ethereum, in order to meet the demand for utilisation while encouraging users to migrate their positions to Aave V3.
Chaos Labs CRV Aave V3 Polygon LT Reduction
Vote: Yes
Rationale Due to the decline in CRV Liquidity we are in support of this proposal to reduce LT thresholds in order to effectively manage the risk for the protocol.
wMATIC Interest Rate Update
Vote: Yes
Rationale We support this parameter change which will encourage the utilization of the wMATIC, through this Interest Rate Update the Aave DAO can support the yield maximizing strategy for users.
Upgrade Aave V3 ETH Poool wETH parameters
Vote: No
Rationale: Due to the duplication of this proposal, we are voting No to ensure that there are no operational issues of executing the same payload twice.
[TEMP CHECK] Qualify the security incident 04-11-2023 as a shortfall event
Vote: No
Rationale: Due to the proactive actions of service providers on 04-11-2023, we do not believe the fractional loss in yield could be defined as a shortfall event as defined by the Aave DAO.
Add FXS to Ethereum V3
Vote: Yes
Rationale: Due to the positioning of the Frax Protocol, we believe that adding the FXS asset is a valuable addition to the Aave Protocol and would create more value for FXS holders while creating value for Aave as well.
TokenLogic Funding
Vote: Yes
Rationale: TokenLogic has provided immense value to the Aave DAO and we are glad to support this team being fairly compensated retroactively for the work that has been done.
Treasury Management - Add to rETH Holding
Vote: Yes
Rationale: While other LST’s like stETH are better to hold from a yield perspective, we agree that it is better to hold rETH to remain aligned with the Aave DAOs ethos of decentralization.
[ARFC] Onboard Native USDC to Aave V3 Optimism Market
Vote: Yes
Rationale: In order to ensure that the Aave V3 Optimism Market runs efficiently, it is important to push the integration of native USDC instead of bridged USDC.
[TEMP CHECK] Onboarding sFrxETH to Aave V3 Ethereum Market
Vote: Yes
Rationale: In addition to encouraging LST diversity to enable the onboarding of new Aave Users, we are glad to add sFrxETH to the Aave V3 Ethereum Market, we believe that this asset is a valuable addition to the Aave V3 Ethereum Market.
[TEMP CHECK] Onboarding ETHx to Aave V3 Ethereum Market
Vote: Yes
Rationale: In addition to encouraging LST diversity to enable the onboarding of new Aave Users, we are glad to add ETHx to the Aave V3 Ethereum Market, we believe that this asset is a valuable addition to the Aave V3 Ethereum Market.
[ARFC] Onboarding wstETH to Aave V3 on Base Network
Vote: Yes
Rationale: In addition to encouraging LST diversity to enable the onboarding of new Aave Users, we are glad to add wstETH to the Aave V3 Base Market, we believe that this asset is a valuable addition to the Aave V3 Base Market.
[ARFC] Gauntlet Recommendation to re-enable CRV borrowing on v3 Ethereum/Polygon
Vote: Yes
Rationale: Considering that the risk with CRV borrowing on Aave V3 Ethereum and Polygon has been addressed, we support enabling CRV borrowing for these markets while making some paramteter changes to suit current market conditions.
Increase Stablecoin Optimal Borrow Rates
Vote: Yes
Rationale: We are in support of these risk parameter changes which ensure that Aave’s Stablecoin borrow rates are optimised to reflect current market conditions.
MAI/MIMATIC deprecation, 2023.10.31
Vote: Yes
Rationale: Due to the current market conditions with the assets involved, we support the deprecation of the MAI/MIMATIC pool.
Gauntlet recommendation to lower stMATIC, MaticX non-emode LT, pt 2
Vote: Yes
Rationale: While this proposal has sparked a bit of argument between service providers on its possible tradeoffs, we have decided that the risk concerns this proposal seeks to address is of higher importance.
CRVUSD onboarding on Aave V3 Ethereum
Vote: Yes
Rationale: We support this proposal which onboards the CRVUSD Stablecoin which is native to the curve protocol, in addition to developing the relationship between Curve and Aave, ensuring that the Aave protocol has a diversity of stable coins onboarded is a valuable strategy.
Chaos Labs Risk Parameter Updates - Increase MKR Debt Ceiling on V3 Ethereum
Vote: Yes
Rationale: We support the increase of the MKR Debt Ceiling on Aave V3 Ethereum, in order to meet the demand for utilisation, while encouraging users to migrate their positions to Aave V3.
Gauntlet Cap Recommendations for Polygon v3
Vote: Yes
Rationale: In order to ensure the safety of the Aave V3 Polygon Market, we are in support of these risk parameter recommendations which set supply and borrow caps for augEUR and JEUR.
Increase GHO Borrow Rate
Vote: Yes
Rationale: We are in support of this proposal to further increase the GHO Borrow rate, although in the short term this may seem like an aggressive approach, but in the long term this is definitely in the best interest of the GHO Stablecoin.
Onboard Native USDC to Aave V3 Optimism
Vote: Yes
Rationale: In order to ensure that the Aave V3 Optimism Market runs efficiently, it is important to push the integration of native USDC instead of bridged USDC.
V2 Deprecation Plan, 2023.11.20
Vote: Yes
Rationale: In order to ensure the safety of the Aave V2 Ethereum Market, we are in support of this proposal to adjust the risk parameters for specific assets on the market.
Increase GHO Borrow Rate
Vote: No
Rationale: Considering that this is a duplicate proposal, we voted against this proposal to avoid issues with execution.
AmendSafetyModuleAAVEEmissions
Vote: Yes
Rationale: We support reducing the Aave safety module rewards by 30%, in addition to adding a 90 day cycle, the DAO can conserve funds and ensure it is not overpaying.
[ARFC] Update the Asset Onboarding Framework
Vote: Yes
Rationale: We support the update of the Aave DAOs Asset onboarding framework, this proposal is a great step towards improving the DAOs frameworks to ensure that the DAO runs more efficiently.
[TEMP CHECK] onboard osETH to Aave v3 on Ethereum pool
Vote: Yes
Rationale: In addition to encouraging LST diversity to enable the onboarding of new Aave Users, we are glad to add osETH to the Aave V3 Ethereum Market, we believe that this asset is a valuable addition to the Aave V3 Ethereum Market.
[TEMP CHECK] Add EURC to Avalanche Aave V3
Vote: No
Rationale: Unfortunately there is not enough liquidity to justify adding EURC to the Aave V3 Avalanche Market, with EURC being designed by Circle, the stablecoin will probably gather traction over time, but at this time it would not be the best fit.
[TEMP CHECK] Financial Services Proposal: karpatkey & TokenLogic
Vote: Yes
Rationale: In our initial proposal calling for Financial Service Providers for the Aave DAO, we justified the need for the Aave DAO to have a plurality of service providers to cover the broad range of the services required to meet the DAOs financial needs.
[ARFC] Upgrade Safety Module with StkGHO
Vote: Yes
Rationale: In order to ensure that the safety module is diversified, we support this proposal to include StkGHO in the Safety Module, with a stable coin less volatile than Aave, this would make the SM more resilient.
Freeze price feeds on v3 Harmony following shutdown of Harmony services by Chainlink
Vote: Yes
Rationale: In order to ensure that Aave V3 Harmony users are not left without assistance for withdrawals, we support this proposal to swap the Chainlink Oracles with Fixed Adapters.
[ARFC] Gauntlet <> Aave Renewal 2023
Vote: Yes
Rationale: Gauntlet has been a valuable service provider to the Aave DAO, and in our opinion, we believe that Gauntlet should be empowered the continue the good work.
Allow Emergency Admin to freeze on Aave V2
Vote: Yes
Rationale: We support this proposal which will implement additional security features to ensure that Aave maintains consistent security measures across Aave V3 and Aave V2.
Aave Funding Updates
Vote: Yes
Rationale: While we support this prudent treasury management step, it is important to ensure that the funding amounts are adequate.
GHO_Incident_Report
Vote: Yes
Rationale: We are in support of enabling this culture of excellent security practices which the Aave DAO is known for.
[ARFC] - Chaos Labs RF and IR Updates - Aave V2 Ethereum - 2023.11.24
Vote: Yes
Rationale: While we are encouraging users to port their positions to Aave V3, it is important for users to be eased into repaying their debt positions, therefore we vote in favour of a moderate approach.
Reserve Factor Updates - Polygon Aave v2
Vote: Yes
Rationale: We support this proposal which encourages Polygon Aave V2 users to port their positions over to Aave V3 Polygon.
Gauntlet recommendation to reactivate CRV borrowing on v3
Vote: Yes
Rationale: Considering that the risk profile for CRV has been reduced, we are in support of adjusting risk parameters to enable the borrowing of CRV again.
GHO update on Aave V3 Ethereum Pool for 13/11/2023 Report
Vote: Yes
Rationale: We are in support of this proposal which addresses a security issue identified through Aave’s Bug bounty.
Transfer AURA to GLC Safe
Vote: Yes
Rationale: In order to ensure that the Aave DAOs strategic AURA Holdings are leveraged effectively, we are supporting transferring the DAOs AURA holdings to the GLC Safe.
Chaos Labs RF and IR Updates - Aave V2 Ethereum
Vote: Yes
Rationale: While we are encouraging users to port their positions to Aave V3, it is important for users to be eased into repaying their debt positions, therefore we vote in favour of a moderate approach.
[TEMP CHECK] AAVE V3 Harmony Recovery ONE Proposal
Vote: No
Rationale: It is unclear how this proposal creates value for the Aave DAO, therefore we have chosen to vote against this proposal.
[ARFC] Continuous Security Proposal Aave <> Certora
Vote: Yes
Rationale: It is our opinion that the culture of security at Aave should continue to be developed through through engagements with Certora
[ARFC] Onboarding sfrxETH to Aave V3 Ethereum Market
Vote: Aggressive
Rationale: In addition to encouraging LST diversity to enable the onboarding of new Aave Users, we are glad to add sFrxETH to the Aave V3 Ethereum Market, we believe that this asset is a valuable addition to the Aave V3 Ethereum Market.
[ARFC] Onboarding ETHx to Aave V3 Ethereum Market
Vote: Aggressive
Rationale: In addition to encouraging LST diversity to enable the onboarding of new Aave Users, we are glad to add ETHx to the Aave V3 Ethereum Market, we believe that this asset is a valuable addition to the Aave V3 Ethereum Market.
[TEMP CHECK] AAVE Treasury Proposal for RWA Allocation with Maple Finance
Vote: Yes
Rationale: Considering that the DAO already has an arrangement with Centrifuge, we are not sure of the immediate value that this arrangement would bring to the DAO. However, we would not be opposed to running this as an experiment to see which of these programs offer the most value.
Gauntlet <> Aave Renewal 2023
Vote: Yes
Rationale: Gauntlet has been a valuable service provider to the Aave DAO, and in our opinion, we believe that Gauntlet should be empowered the continue the good work.
Aave Governance V3 Activation
Yes
Rationale: We are glad to support this next iteration of the Aave DAOs Governance Contracts, with this upgrade the Aave DAO is better prepared for the increased governance activity that comes as a result of the valuable work being done here at Aave.
[ARFC] Update GNO Risk Parameters on Aave V3 Gnosis Pool
Vote: Yes
Rationale: We support these risk parameter proposals which ensure the safety of the GNO Asset on the Aave V3 Gnosis Pool.
[ARFC] New Chain Deployment Framework
Vote: Yes
Rationale: As it relates to deploying Aave on New Chains, we have noticed that over time there has been room for improvements in the level of accountability required of these teams, and we are glad to see this proposal working towards holding these teams accountable to their promises.
Onboarding wstETH to Aave V3 on Base Network
Vote: Yes
Rationale: In addition to encouraging LST diversity to enable the onboarding of new Aave Users, we are glad to add wstETH to the Aave V3 Base Market, we believe that this asset is a valuable addition to the Aave V3 Base Market.
Reserve Factor Updates - Polygon Aave v2
Vote: Yes
Rationale: We support this proposal which encourages Polygon Aave V2 users to port their positions over to Aave V3 Polygon.
Aave Funding Updates
Vote: Yes
Rationale: This proposal is a great first step to ensuring that the DAO is adequately capitalised to meet its expectations. While we support this prudent treasury management step, it is important to ensure that the funding amounts are adequate.
Update PriceOracleSentinel
Vote: Yes
Rationale: We are in support of this technical upgrade which ensures that both the Optimism Oracle functions optimally like the Arbitrium Oracle.
[ARFC] Treasury Management - Deploy AURA to vlAURA
Vote: Yes
Rationale: We support this proposal which takes a first step towards using the DAOs strategic assets to advance the DAOs primary objectives. We are looking forward to seeing this replicated across other strategic assets.
Aave Governance V3 Activation Short
Vote: Yes
Rationale: Aave Governance will benefit significantly from the upgrades which Aave V3 Governance will bring, therefore we are glad to support its approval.
Treasury Management - Polygon v2 to v3 Migration
Vote: Yes
Rationale: We support the migration of the assets on Aave V2 Polygon to Aave V3 Polygon, considering the improvements made on Aave V3, this migration is a welcome development.
Request for Bounty Payout - December 2023
Vote: Yes
Rationale: We are in support of rewarding bug bounty contributors for the month of December. By compensating security contributors, the Aave DAO continues sending a signal that future vulnerabilities which are disclosed through true proper channels will be adequately rewarded.
Transfer all CRV positions from Ethereum Mainnet Collector to GLC Safe
Vote: Yes
Rationale: By consolidating the DAOs CRV holdings, the GLC can work towards driving liquidity to GHO.
Update GNO Risk Parameters on Aave V3 Gnosis Pool
Vote: Yes
Rationale: We support these risk parameter proposals which ensure the safety of the GNO Asset on the Aave V3 Gnosis Pool.
Continuous Security Proposal Aave <> Certora
Vote: Yes
Rationale: 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.
Onboard Native USDC to Aave V3 Markets
Vote: Yes
Rationale: We support onboarding native USDC unto the Aave V3 Base, Optimism and Polygon markets, in our opinion this proposal can help with the growth of these markets through attracting native USDC holders.
Polygon V2 Reserve Factor Updates
Vote: Yes
Rationale: We support this proposal which encourages Polygon Aave V2 users to port their positions over to Aave V3 Polygon.
TokenLogic & karpatkey Service Provider Partnership
Vote: Yes
Rationale: In our initial proposal calling for Financial Service Providers for the Aave DAO, we justified the need for the Aave DAO to have a plurality of service providers to cover the broad range of the services required to meet the DAOs financial needs.
Increase GHO Borrow Rate 100 bps to ~6.41% on Aave V3
Vote: Yes
Rationale: We support this proposal to further increase the GHO Borrow rate to 6.41%, it is our opinion that the GHO stablecoin can benefit from increasing the borrow rate to encourage repayments.
Increase Polygon wstETH Supply Cap
Vote: Yes
Rationale: We support the supply cap increase for wstETH, considering the demand for the wstETH asset on Polygon, we support this increase in the supply cap to meet the demand.
Chaos Labs V2 Ethereum and Polygon LT Reductions
Vote: Yes
Rationale: We are in support of reducing the LT for assets on the Ethereum and Polygon Aave V2 Markets. Incentivizing users to port their positions to Aave V3
Treasury Management - Add to rETH Holding (resubmission)
Vote: Yes
Rationale: While other LST’s like stETH are better to hold from a yield perspective, we agree that it is better to hold rETH to remain aligned with the Aave DAOs ethos of decentralization.
[ARFC]. BGD. Security budget request - December 2023
Vote: Yes
Rationale: We are in support of the continued working relationship between BGD Labs and Aave, we believe that BGD Labs has been a valuable service provider to the Aave DAO and we would be pleased to see this arrangement continue.
Activate Proof of Reserve
Vote: Yes
Rationale: We support the addition of the admin function for the proof of reserve, we believe adding this functionality will enable the facilitation of the the POR mechanism.
Sync emergency admin on v2 AMM
Vote: Yes
Rationale: We are in support of facilitating this security fix for the Aave v2 AMM Admin.
[ARFC] TokenLogic & karpatkey Service Provider Partnership
Vote: Yes
Rationale: In our initial proposal calling for Financial Service Providers for the Aave DAO, we justified the need for the Aave DAO to have a plurality of service providers to cover the broad range of the services required to meet the DAOs financial needs.
[ARFC] Chaos Labs Risk Parameter Updates - WBTC.e on V2 and V3 Avalanche
Vote: Yes
Rationale: We support these risk parameter proposal for the Avalanche market which reduces user exposure to WBTC and encourages users to migrate to BTC.b
[ARFC] Chaos Labs - Stablecoin IR Curves Updates
Vote: Yes
Rationale: This proposal presents the DAO with an opportunity to increase interest rates for stablecoins, in reaction to the demand for supplying and borrowing stablecoins.
Aave Governance V3 Activation Short (re-submission)
Vote: Yes
Rationale: Aave Governance will benefit significantly from the upgrades which Aave V3 Governance will bring, therefore we are glad to support its approval.
[ARFC] Gauntlet recommendation for MAI / MIMATIC deprecation phase 2
Vote: Yes
Rationale: Due to MAI depegging, we support reducing MAI’s LT threshold as proposed by Gauntlet in this proposal. Through this risk parameter recommendation, we can ensure the continued safety of the Optimism Market. Due to the Governance V3 reset, we voted from a different wallet. Our stablelab.eth wallet did not have any delegations at the time of this Snapshot being submitted, for transparency purposes here is the wallet address 0x092230b0D8cDf29B7F76caA04095b247B1AE85A5.
Aave Pool update
Vote: Yes
Rationale: We support this proposal which applies a security fix on all Aave V3 Pools. Due to the sensitive nature of this patch and the coordination between security contributors, it is clear that this patch is essential.
[TEMP CHECK] Launch Aave V3 on Kava EVM
Vote: Yes
Rationale: We are in support of this proposal, from our perspective, it is clear that Kava has complied with the new requirements for Aave Network deployments. We also believe in bringing Aave to a more diverse audience, the Kava team has also committed to allocating resources to help incentivize deposits into Aave on Kava.
[TEMP CHECK] Add PYUSD to Aave v3 Ethereum Market
Vote: Yes
Rationale: We support adding PYUSD to Aave V3 on the basis that Aave needs to continue adding diverse assets to its markets, stablecoin diversity is essential as Aave continues to grow.
[ARFC] Updated Aave Grants Continuation Proposal
Vote: Yes
Rationale: We support the continuation of the Aave Gants DAO, the AGD has been a valuable actor in growing the Aave Community and its broader ecosystem through events and builder grants.
[TEMP CHECK] GHO Stability Module Launch
Vote: Option B
Rationale: In our opinion, there have been a number of strategies employed to try to get GHO to peg, strategies such as consistently increasing the borrowing rate for GHO. The time has come to explore using the GHO Stability Module to capture GHO’s peg and maintain it, with the lower caps proposed by Option B, we can limit how much GHO can be minted for the purpose of facilitating large-scale market selling of GHO. Evidently, the results of launching the GSM now as opposed to later are not set in stone or certain, but it is our opinion that we should not delay what could be a valuable step to getting GHO to peg.
[TEMP CHECK] Further Aave v1 deprecation strategy
Vote: Yes
Rationale: We support deprecating Aave V1 to reduce the overhead costs, with Aave V3, and the continued migration from Aave V2 to V3, we are in favor of deprecating Aave V1 to ensure leaner operations.
[ARFC] Retroactive bug bounties proposal (pre-Immunefi)
Vote: Yes
Rationale: Aave has cultivated a valuable security culture which it has developed over the years, therefore we are glad to support awarding these bug bounties.
[ARFC] Harmonize USDT Risk Parameters on Aave V3 Markets
Vote: Yes
Rationale: We support harmonizing risk parameters for USDT across all Aave V3 Markets. By harmonizing these parameters, we can ensure that we are maximizing the value Aave can extract from these markets due to the strong borrow demand for USDT.
[TEMP CHECK] Add ggAVAX to AAVE v3 on Avalanche
Vote: Yes
Rationale: In order to improve liquid staking derivative diversity on Aave, we are in support of adding ggAVAX to the Aave V3 Avalanche Market.
[TEMP CHECK] Add sFRAX to Ethereum V3
Vote: Yes
Rationale: We support the addition of sFRAX to the Aave V3 ethereum market, in our opinion, the sFRAX token which enables holders to receive a percentage of Frax Protocol revenue is an excellent addition to Aave V3 due to the success of the Frax Protocol and the utility which is unlocked for the token.
[ARFC-Addendum] Update StkGHO Launch Parameters
Vote: Option B
Rationale: The parameters specified in Option B are better suited to the StkGHO launch parameters in our opinion, by creating additional utility for GHO through these staking incentives, the Aave DAO can incentivise to use GHO as a store value instead of an arbitrage opportunity.
V2 Deprecation Plan, 2024.01.02
Vote: Yes
Rationale: In order to ensure the safety of the Aave V2 Ethereum Market, we are in support of this proposal to adjust the risk parameters for specific assets on the market.
Aave Funding Updates (part 2)
Vote: Yes
Rationale: This proposal is essential to ensuring that the DAO is adequately capitalised to meet its expectations. While we support this prudent treasury management step, it is important to ensure that the funding amounts are adequate.
[TEMP CHECK] Onboard fdUSD to Aave v3 on BSC
Vote: Yes
Rationale: This proposal is a great step towards growing a diverse range of assets across the various Aave markets. Having a diverse set of safe stablecoins in every market is essential, therefore we are glad to support this proposal.
[ARFC] Treasury Management - GSM Funding & RWA Strategy Preparations
Vote: Yes
Rationale: This proposal ensures that the DAO is adequately capitalised to meet its obligations as it relates to compensating service providers, funding the GHO Stability Module and the Centrifuge RWA arrangement. We support this proposal because it prepares the DAO in advance to meet its obligations.
[ARFC] Gauntlet recommendation for MAI / MIMATIC deprecation phase 2
Vote: Yes
Rationale: Due to MAI depegging, we support reducing MAI’s LT threshold as proposed by Gauntlet in this proposal. Through this risk parameter recommendation, we can ensure the continued safety of the Optimism Market.
[TEMP CHECK] Aave V3 MVP deployment on Neon EVM Mainnet
Vote: Yes
Rationale: While there has been a bit of controversy during the discussion phase of this proposal, all the relevant issues have been addressed by a Member of the Neon Foundation. Therefore we are glad to support this proposal. It is however important to note that there is still the ARFC stage which will necessitates deeper investigation.
[ARFC] Update stETH and WETH Risk Params on Aave v3 Ethereum, Optimism and Arbitrum
Vote: Yes
Rationale: We support this proposal which adjusts the interest rates for WETH, stETH across Ethereum, Optimism and Arbitrium. We agree that by adjusting these parameters we can make Aave the preferable destination to deposit these assets while creating value for the Aave Protocol and its users.
[ARFC] Aave V3 Deployment on Scroll mainnet
Vote: Yes
Rationale: Due to the EVM compatibility of Scroll and the many blue chip DeFi protocols coming to Scroll, we are in support of deploying Aave V3 on Scroll Mainnet.
Aave v3 BNB Activation
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.
[ARFC] AMPL Interest Rate Updates on V2 Ethereum
Vote: Yes
Rationale: We are in support of the AMPL Interest Rate Update which will reflect the current realities on the AMPL in Aave V2 Ethereum.
[ARFC] Introducing “Frontier” - Staking as a Service for the Aave DAO
Vote: Yes
Rationale: We support this proposal because it is a great example of leveraging the DAO’s existing assets to create additional value. By leveraging Aave DAO’s large Liquid Staking Derivative Token holdings to create additional yield, the DAO not only generates additional yield but also assumes an active role in the LST ecosystem.
This measured approach to utilize the DAOs LST holdings is led by the Aave Chan Initiative, in our perspective kicking off this initiative with a 4 ETH Trial run across 32 Stader Pools is a conservative and calculated approach to testing the viability of the Aave DAOs participation as a validator.
StkGHO Activation
Vote: Yes
Rationale: We support deploying StkGHO with the selected parameters because they are better suited to the StkGHO launch parameters in our opinion, by creating additional utility for GHO through these staking incentives, the Aave DAO can incentivise individuals to use GHO as a store value instead of an arbitrage opportunity.
[ARFC] Add PYUSD to Aave v3 Ethereum Market
Vote: Yes
Rationale: We support adding PYUSD to Aave V3 on the basis that Aave needs to continue adding diverse assets to its markets, stablecoin diversity is essential as Aave continues to grow.
[ARFC] Gauntlet USDC.e Supply and Borrow Cap Recommendation on Optimism Aave v3
Vote: No
Rationale: While we see the opportunity to increase revenue through increasing the caps for USDC.e, we must insist that users should be indirectly incentivised to switch to native USDC.
Request for Bounty Payout - January 2024
Vote: Yes
Rationale: We are in support of rewarding bug bounty contributors for the month of January. By compensating security contributors, the Aave DAO continues sending a signal that future vulnerabilities which are disclosed through true proper channels will be adequately rewarded.
[ARFC] Add sFRAX on Ethereum V3
Vote: Yes
Rationale: We support the addition of sFRAX to the Aave V3 Ethereum market, in our opinion, the sFRAX token which enables holders to receive a percentage of Frax Protocol revenue is an excellent addition to Aave V3 due to the success of the Frax Protocol and the utility which is unlocked for the token.
Reserve Factor Updates (Jan 15, 2024)
Vote: Yes
Rationale: We support this proposal which encourages Polygon Aave V2 users to port their positions over to Aave V3 Polygon.
GHO Stability Module
Vote: Yes
Rationale: There have been several strategies employed to try to get GHO to peg, strategies such as consistently increasing the borrow rate for GHO. The time has come to explore using the GHO Stability Module to capture GHO’s peg and maintain it, with the lower caps proposed by Option B, we can limit how much GHO can be minted to facilitate large-scale market selling of GHO. The results of launching the GSM now as opposed to later are not set in stone or certain, but it is our opinion that we should not delay what could be a valuable step to getting GHO to peg.
[ARFC] Recommendation to freeze and set LTV to 0 for SUSHI on Aave v3 Polygon
Vote: Yes
Rationale: Due to the amount of risk SUSHI adds to the Aave Protocol, and the minimal reserve growth it contributes, we are in support of reducing the LTV for SUSHI to 0 on the Aave V3 Polygon Market.|
[ARFC] Recommendation to freeze and set LTV to 0 for CRV on Aave v3 Polygon
Vote: Yes
Rationale: Due to the additional risk that CRV adds and the minimal growth it offers to Aave’s Reserve, we are in support of reducing the LTV for CRV to 0 on the Aave V3 Polygon Market.
[ARFC] Recommendation to freeze and set LTV to 0 for BAL on Aave v3 Polygon
Vote: Yes
Rationale: Due to the low risk-to-reward ratio the BAL offers to Aave’s Reserve Growth, we are in support of reducing the LTV for BAL to 0 on the Aave V3 Polygon Market.
[ARFC] Recommendation to freeze and set LTV to 0 for DPI on Aave v3 Polygon
Vote: Yes
Rationale: Due to the risk-to-reward ratio the DPI offers to the Aave Protocol, we are in support of reducing the LTV for DPI to 0 on the Aave V3 Polygon Market.
[ARFC] Gauntlet USDC.e Supply and Borrow Cap Recommendation on Optimism Aave v3
Vote: No
Rationale: While we see the opportunity to increase revenue through increasing the caps for USDC.e, we must insist that users should be indirectly incentivised to switch to native USDC.|
[ARFC] Modify Retroactive bug bounties proposal (pre-Immunefi)
Vote: YAE - Option 3
Rationale: While this has been a controversial governance process it is important that bounties are not increased or decreased arbitrarily, the approach to communication from the Security Researcher was poor, and in our opinion, BGD Labs has been fair in its assessment. For that reason, we are voting in favour of paying out the bounties as submitted by BGD Labs.
Update ETH EMode and WETH Risk Params on Aave v3 Ethereum, Optimism and Arbitrum
Vote: Yes
Rationale: We support this proposal which adjusts the interest rates for WETH, stETH across Ethereum, Optimism and Arbitrium. We agree that by adjusting these parameters we can make Aave the preferable destination to deposit these assets while creating value for the Aave Protocol and its users.
Register a.DI Ethereum → Scroll adapter
Vote: Yes
Rationale: We support this proposal which facilitates cross-chain messaging between Ethereum and Scroll by having the Scroll adapter registered on Ethereum a.DI. This proposal ensures that Ethereum to Scroll operations go on without incident and with maximum efficiency.
[TEMP CHECK] Onboard RSR to Aave v3
Vote: No
Rationale: Due to the lack of traction and demand for RSR, we do not believe that onboarding RSR into Aave V3 is the best option at this time.
[ARFC] Onboard fdUSD to Aave v3 on BSC
Vote: Yes
Rationale: This proposal is a great step towards growing a diverse range of assets across the various Aave markets. Having a diverse set of safe stablecoins in every market is essential, therefore we are glad to support this proposal.
[TEMP CHECK] Add gmBTC on Arbitrum V3
Vote: Yes
Rationale: Due to the demand for gmBTC, and the current market conditions surrounding the gmBTC asset and the GMX Protocol, we believe adding this this asset to Aave V3 Arbitrium is valuable.
[ARFC] Deprecate Aave V2 AMM Market Phase 2
Vote: Yes
Rationale: We support the deprecation of the Aave V2 AMM Market, in addition to the safety issues regarding Aave V2, we believe that it is essential to maintain low overhead for the Aave Protocol, this involves redirecting Service Provider efforts on Aave V3 and GHO.
Harmonize USDT Risk Parameters on Aave V3 Markets
Vote: Yes
Rationale: We support harmonizing risk parameters for USDT across all Aave V3 Markets. By harmonizing these parameters, we can ensure that we are maximizing the value Aave can extract from these markets due to the strong borrow demand for USDT.
Treasury Management - GSM Funding & RWA Strategy Preparations (Part 1), Frontier Staking as a Service
Vote: Yes
Rationale: This proposal ensures that the DAO is adequately capitalised to meet its obligations as it relates to compensating service providers, funding the GHO Stability Module and the Centrifuge RWA arrangement. We support this proposal because it prepares the DAO in advance to meet its obligations.
Aave V1 Deprecation
Vote: Yes
Rationale: We support deprecating Aave V1 to reduce the overhead costs, with Aave V3, and the continued migration from Aave V2 to V3, we are in favour of deprecating Aave V1 to ensure leaner operations.
AMPL Interest Rate Updates on V2 Ethereum
Vote: Yes
Rationale: We are in support of the AMPL Interest Rate Update which will reflect the current realities on the AMPL in Aave V2 Ethereum.
Onboard fdUSD to Aave v3 on BNB chain
Vote: Yes
Rationale: This proposal is a great step towards growing a diverse range of assets across the various Aave markets. Having a diverse set of safe stablecoins in every market is essential, therefore we are glad to support this proposal.
Freeze and set LTV to 0 for DPI, BAL, CRV, and SUSHI on Aave v3 Polygon, 2024.01.19
Vote: Yes
Rationale: Due to the risk-to-reward ratio offered by DPI, BAL, CRB and SUSHI to the Aave Protocol, we are in support of reducing the LTV for these assets to 0 on the Aave V3 Polygon Market.
Gauntlet recommendation for MAI / MIMATIC deprecation phase 2
Vote: Yes
Rationale: Due to MAI depegging, we support reducing MAI’s LT threshold as proposed by Gauntlet in this proposal. Through this risk parameter recommendation, we can ensure the continued safety of the Optimism Market.
[TEMP CHECK] Merit - A New Aave-Alignment User Reward System
Vote: Yes
Rationale: We support the rationale behind this initiative which seeks to reward Aave Aligned users better, due to this proposal currently being at the TEMP-CHECK stage, we choose to support it. However, at the ARFC stage, we will pay close attention to the specifics of the parameters through which these rewards will be distributed.
[ARFC] BGD. Correlated-asset price oracle (CAPO)
Vote: Yes
Rationale: We support this proposal which offers additional price protection for Aave LSTs and most of its stablecoins. This additional layer of price security will further insulate Aave from the risk of price manipulation-related exploits.