# \[TEMP CHECK\] - Incentivized Delegate Campaign (3-month)

**URL:** <https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732>\
**Category:** General\
**Created:** [February 11, 2023, 3:26am UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732 "2023-02-11T03:26:11Z")\
**Posts on this page:** 19\
**Page:** 1

<div class="post-metadata">

**Author:** ![noturhandle](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/noturhandle/32/2946_2.png) [@noturhandle](https://governance.aave.com/u/noturhandle)\
**Post date:** [February 11, 2023, 3:26am UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/1 "2023-02-11T03:26:11Z")

</div>

> 23/29/23: **UPDATE** : We’re renaming this proposal as a [TEMP CHECK]. We will run the delegate election on Monday April 3 2023 using Snapshot.

> 02/22/23: **UPDATE** : We’re delighted to announce that this proposal has received a **$15K grant from Aave Grants DAO**.
> 
> We’ll use the funds to bootstrap delegate compensation using a simpler implementation of the pilot described below, as detailed [here](https://mirror.xyz/butterd.eth/bKyYpfWPXWidw2GNc-zXIR2BuobuGpuWlmu35lrKls0). This version won’t use staking; interested voters manually delegate to the election’s winner. We’re accepting applications from [today](https://mirror.xyz/butterd.eth/bKyYpfWPXWidw2GNc-zXIR2BuobuGpuWlmu35lrKls0).

**Title:** [TEMP CHECK] - Incentivized Delegate Campaign (3-month)

**Author:** @noturhandle - [Butter](https://buttery.money)

**Date:** 2023-02-11

## Summary

This Temperature Check has been created to enable the Aave community to select a delegate for the three-month incentivized Delegate Campaign organized by Butter.

The campaign will be funded by a $15k grant received in AAVE from the Aave Grants DAO, which will be used to compensate the winning delegate for the duration of the three-month campaign.

Eleven candidates have applied, and they will be presented as options in the Snapshot proposal from which voters will choose.

## The 3-month Incentivized Delegate Campaign

During the three-month term of the Delegate Campaign, the winning delegate is expected to perform governance duties on behalf of the DAO. To ensure maximum alignment between the elected delegate and the voters, each candidate has been asked to produce a Delegate Initiative, which can be found on the [Butter website](https://www.notion.so/Butter-d-Aave-Delegate-Initiatives-45e1ce2ac08a4b4298518b193ed8a7ce).

The Butter team will monitor the elected delegate and report on goals and KPIs related to the Delegate Initiative to help voters evaluate the delegate’s performance.

For the first pilot version of Butter’s Delegate Campaign program, the compensation mechanism is not yet permissionless. However, Butter will provide compensation on at least a monthly basis (or more frequently). More updates on this will be available soon.

## The Candidates

The candidates for the vote are listed below, in reverse alphabetical order. The election will be implemented as a Weighted Vote, allowing voters to support multiple candidates equally:

- [Wallfacer Labs](https://governance.aave.com/t/wallfacer-labs-delegate-platform/12456)
- [StableLab](https://governance.aave.com/t/stablelab-delegate-platform/10312)
- [Oxytocin](https://governance.aave.com/t/oxytocin-delegate-platform/12401)
- [OnChainCoop](https://forum.aragon.org/t/delegate-profile-onchaincoop/3961)
- [FranklinDAO](https://governance.aave.com/t/franklindao-prev-penn-blockchain-delegate-platform/8850)
- [Flipside Governance](https://governance.aave.com/t/flipside-crypto-delegate-platform/9193)
- [Fireyes](https://governance.aave.com/t/fire-eyes-delegate-platform/12380)
- [Diego Ortiz](https://governance.aave.com/t/saludiego201-eth-delegate-plataform/12460)
- [DAOStewards](https://governance.aave.com/t/daostewards-delegate-platform/12327)
- [Curia](https://governance.aave.com/t/curia-delegate-platform/12489)
- [ConsenSys](https://boardroom.io/voter/0x40f784B16b2D405eFD4E9eB7d0663398D7d886FB)

# Original post below:

Hey, everyone. I’m @noturhandle from 🧈 [Butter](https://buttery.money). First-time poster, long-time reader, many-time rAAVEr.

**Website** : [buttery.money](https://buttery.money)  
**Twitter** : [@butterymoney](https://twitter.com/butterymoney)  
**Discord** : [Click Here](https://discord.gg/uB6PFTgtXA)

Butter is a **vote delegation protocol**. We extend one-token, one-vote governance to align decisions produced by DAO governance to DAO objectives.

DAOs like Aave represent an innovation in institution design. They have the potential energy to address global coordination problems, especially those concerning public goods, and we’re committed to accelerating their development and adoption.

# Summary

Temp check on a **3-month incentivized delegate pilot** for Aave DAO operated by [Butter](https://buttery.money) to determine:

- the impact of incentives on delegate candidates
- the impact of incentives on DAO governance
- tokenholder interest in compensating delegates
- the impact of incentives on voter participation

**N.B.** Temp Check invites **comments** from AAVE tokenholders and **expressions of interest** from AAVE tokenholders and delegates (current or prospective). The Temp Check does not request authorization, and the DAO need take no formal action for the pilot to take place.

## Description

- Voters elect a delegate to work on a strategic initiative in Aave DAO for a fixed term of 3 months in exchange for rewards
- Delegate is elected via a time-bounded competitive process, i.e., single-choice vote delegation, where the most popular delegate is elected (single-winner plurality voting)
- Rewards are generated via:
  - Aave Safety Module staking and distributed to delegates as compensation at the end of their term
  - (Optional) AAVE Tokens granted to the pilot via AAVE Governance are also distributed to delegates as compensation at the end of their term
  - A small % (TBC) of rewards are retained and split between voters and Butter

# Rationale

Professional, full-time delegates such as [FireEyes/Wildfire](https://twitter.com/Wildfire_DAO), [Flipside Governance](https://twitter.com/flipsidegov), [GFX Labs](https://gfx.xyz/), and [Llama](https://llama.xyz/) regularly participate in DAO governance.

Delegate roles are, in most cases, unpaid positions. Without adequate compensation, the quality, quantity, and diversity of delegates is constrained by the number of resources they have spare to commit to the DAO, hence many delegates are Service Provider Delegates or Investor Delegates. In this situation, where monitoring by voters is almost impossible, delegates also have an incentive to accept payments (bribes) for making decisions that may harm tokenholders—an example of [moral hazard](https://corporatefinanceinstitute.com/resources/economics/moral-hazard/).

Delegators, especially large tokenholders, hold influence over their chosen delegates. They can force delegates to make decisions that benefit themselves over ones that benefit token-holders broadly under threat of removing their delegation.

Minority tokenholder voting power is redundant whenever large wealthy holders participate in governance or are the largest delegators. These stakeholders have no voice in governance.

Thus, DAOs are kneecapped by principal-agent problems that are yet to be addressed by their governance, including:

- Self-dealing
- Plutocracy
- Free-riding
- Resource-wasting

Butter introduces incentives for delegates, periodic elections, and a competitive election process to improve guarantees that delegates represent the preferences of all tokenholders, gain influence based on merit and performance, and have the resources to deliver on their goals.

# Pilot Overview

- Delegates publish their delegate platform to Butter as part of an _Aave Molten Campaign_, including:
  - target strategic initiative
  - implementation plan
  - voting policies
  - delegate address

- Tokenholders select a delegate by staking their AAVE
- Once voters stake over the threshold amount (5000 AAVE) with any single delegate, a 24-hour cooldown period begins, reset by any further AAVE staked
  - AAVE stakes can be reassigned between delegates during this period

- Once cooldown is completed without any further AAVE staked:
  - delegate staking is disabled
  - AAVE staked with non-winning delegates is made available for stakers to claim
  - AAVE deposited is staked in the Aave Safety Module
  - stkAAVE is delegated to the winning delegate
  - mAAVE is issued to voters

# Campaign

**During the campaign:**

- If less than 80,000 AAVE staked:
  - Delegates can vote on proposals with delegated stkAAVE + any AAVE voting power available outside this campaign

- If greater than 80,000 AAVE staked:
  - Delegates can submit AIPs
  - Delegates can vote on proposals with delegated stkAAVE + any AAVE voting power available outside this campaign

**90 days after the campaign begins:**

- AAVE unstaked and rewards claimed from Staked AAVE contract following [10 days cooldown](https://docs.aave.com/developers/v/2.0/protocol-governance/staking-aave#cooldown_seconds)
- AAVE + Rewards claimable from delegate contract by delegates, mAAVE holders

# Model

AAVE price: $80 (theoretical)

## Addressable Voting Power

## Rewards

| Staked (AAVE) | Staked (USD) | Total Rewards (AAVE) | Total Rewards (USD) | Reward Rate (%) | Annualized Reward Rate (%) |
| --- | --- | --- | --- | --- | --- |
| 5000 | 400,000 | 76.85602 | 6,148 | 1.54% | 6.23% |
| 10,000 | 800,000 | 153.66082 | 12,292 | 1.54% | 1.54% |
| 25,000 | 2,000,000 | 384.28008 | 30,742\* | 1.54% | 6.23% |

\*_MakerDAO’s maximum recognized delegate compensation is [12,000 DAI per month](https://mips.makerdao.com/mips/details/MIP61)_

### Target Market

We expect participant voters to fall into two categories:

1. Minority Holders:
  - Tokenholders hold AAVE not staked in the AAVE Safety Module
  - Tokenholders are minority holders

2. Minority Stakers:
  - Tokenholders hold stkAAVE and have staked in the AAVE Safety Module
  - Tokenholders are minority holders

We believe participants will be motivated either to pay delegates with staking revenue they already receive or to pay delegates with staking revenue they have decided not to claim themselves.

# Poll

## Do you support a 3 month pilot to test incentivizing delegates in Aave?

_Poll ([view on site](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/1))_

---

<div class="post-metadata">

**Author:** ![Jommi](https://avatars.discourse-cdn.com/v4/letter/j/db5fbb/32.png) [@Jommi](https://governance.aave.com/u/Jommi)\
**Post date:** [February 21, 2023, 5:27pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/2 "2023-02-21T17:27:34Z")

</div>

So basically this is a way to crowdsource a bunch of AAVE votes (staked AAVE) ahead of time, and then prospective delegates can pitch themselves to be eligible for those votes?

And the crowd can redeem their AAVE back after some cooldown period if they are not satisfied?

That’s pretty cool.

---

<div class="post-metadata">

**Author:** ![lajarre](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lajarre/32/3284_2.png) [@lajarre](https://governance.aave.com/u/lajarre)\
**Post date:** [February 21, 2023, 6:05pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/3 "2023-02-21T18:05:33Z")

</div>

Hey - lajarre from Butter here.

@Jommi You are right that this is a way to crowdsource a bunch of AAVE votes, but not ahead of time. Delegates will first publish their delegate platform and start campaigning for voters, then only Voters will start voting by staking.  
We believe competition among high-quality delegates will encourage Voters to participate.

Stakes directed towards delegates which haven’t been elected will be redeemable. But stakes directed towards the winning delegate will be locked for the 3-month period.  
Note: we may introduce later a potential liquidation mechanism to ensure the winning delegate is kept in check.

---

<div class="post-metadata">

**Author:** ![lajarre](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lajarre/32/3284_2.png) [@lajarre](https://governance.aave.com/u/lajarre)\
**Post date:** [February 22, 2023, 1:29pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/4 "2023-02-22T13:29:32Z")

</div>

We are happy at Butter to announce that Aave Grants DAO has granted $15k to this proposal.

Using this to fund delegate compensation, we are starting a delegate election and 3-month campaign in the coming weeks. For this, a simpler design will be used, allowing us to onboard delegates and voters ASAP. Notably, there won’t be any staking involved for this first version.

Here is our Mirror article containing all useful information to take part in the election process and in the campaign: **[Aave Delegate Campaign — Butter](https://mirror.xyz/butterd.eth/bKyYpfWPXWidw2GNc-zXIR2BuobuGpuWlmu35lrKls0)**

**Quickstart to sign up as a delegate:** you can head straight to our [delegate application form](https://forms.gle/GoS2MWu13tUCWqNB6) or read the more detailed “Delegate Signup” paragraph in the article.  
If you are hesitant on the right steps to take but want to get involved, please submit an application for review or chat with us on our [Discord server](https://discord.gg/SeVaFH8M).

**To participate as a token holder:** you can follow this forum thread for updates, as well as our Discord.  
Butter will post validated delegate initiatives and all important annoucements about the election.

Please join our [Discord server](https://discord.gg/SeVaFH8M) to chat with the Butter team and start discussions with delegates and voters.

---

<div class="post-metadata">

**Author:** ![lajarre](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lajarre/32/3284_2.png) [@lajarre](https://governance.aave.com/u/lajarre)\
**Post date:** [March 21, 2023, 8:09pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/5 "2023-03-21T20:09:25Z")

</div>

We’re pleased to announce that we have eight delegates who have committed to running as candidates for the Aave Delegation Campaign. They are listed below in alphabetical order:

- [Blockworks Research](https://governance.aave.com/t/blockworks-research-delegate-platform/12549)
- [ConsenSys](https://boardroom.io/voter/0x40f784B16b2D405eFD4E9eB7d0663398D7d886FB)
- [Curia](https://governance.aave.com/t/curia-delegate-platform/12489)
- [DAOStewards](https://governance.aave.com/t/daostewards-delegate-platform/12327)
- [Diego Ortiz](https://governance.aave.com/t/saludiego201-eth-delegate-plataform/12460/2)
- [Fireyes](https://governance.aave.com/t/fire-eyes-delegate-platform/12380/1)
- [Flipside Governance](https://governance.aave.com/t/flipside-crypto-delegate-platform/9193/8)
- [FranklinDAO](https://governance.aave.com/t/franklindao-prev-penn-blockchain-delegate-platform/8850)
- [OnChainCoop](https://forum.aragon.org/t/delegate-profile-onchaincoop/3961)
- [Oxytocin](https://governance.aave.com/t/oxytocin-delegate-platform/12401/2)
- [StableLab](https://governance.aave.com/t/stablelab-delegate-platform/10312/17)
- [TokenLogic](https://governance.aave.com/t/tokenlogic-delegate-platform/12516)
- [Wallfacer Labs](https://governance.aave.com/t/wallfacer-labs-delegate-platform/12456)

We will soon be sharing each of their Delegate Initiatives for voters to make their choice.

### The Election is Nigh

The next step before the start of the Campaign is the Election itself.

🗳 **The Election will run for a week from April 3rd to April 9th, 2023.**

We encourage delegates to think about how they’ll promote their candidacy to tokenholders and we’ll, of course, be on hand to help (as well as doing some of our own).

As a reminder, this election will be open to all AAVE and stkAAVE tokenholders to cast a vote.

If you are interested in voting and have any questions, you can reach out to us on this thread or on [Discord](https://discord.gg/uB6PFTgtXA).

### Are You a Large Token Holder? Become a Delegate Partner

Butter’s mission is to accelerate the development and adoption of DAOs through governance. One of the key tenets of our approach is reducing the centralization of voting power.

To that end, we are launching a **Delegate Partnership program** : if you are a large token holder (or manage large holdings), **you can allocate your delegation through Butter.**

Here’s how it works:

- As a Delegate Partner, you allocate voting power to our matching fund.
- The delegate will then be elected by other token holders who participate in the Election.
- Your voting power will then be delegated to the election winner, for the duration of the 3-month Delegation Campaign.

Please get in touch on [Discord](https://discord.gg/uB6PFTgtXA) or [Twitter](https://www.notion.so/MVP-test-framework-2c91a9242adf40db8a8226238a576355) to learn more.

### Do You Want to Participate in a Butter Election as a Delegate?

Butter’s [application form](https://forms.gle/QZDcFfuxb9oYjXWx9) is always open.

The Aave election will start soon, so please get your applications in this week. Any candidates who apply next week won’t have much time to be onboarded and promote their candidacy before the election starts.

Following Aave, we plan to run Delegate Campaigns in other DAOs. You can apply using the same form to be considered in future campaigns.

And if you’d like Butter for your DAO, [please reach out](https://discord.gg/uB6PFTgtXA).

More info in our [original Mirror post](https://mirror.xyz/butterd.eth/bKyYpfWPXWidw2GNc-zXIR2BuobuGpuWlmu35lrKls0).

> 2023-03-22 UPDATE: Add FranklinDAO. Change Oxytocin URL.  
> 2023-03-24 UPDATE: Add Wallfacer Labs.  
> 2023-03-27 UPDATE: Add Curia.  
> 2023-04-03 UPDATE: Add Blockworks Research & TokenLogic.

---

<div class="post-metadata">

**Author:** ![MarcZeller](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/marczeller/32/7124_2.png) [@MarcZeller](https://governance.aave.com/u/MarcZeller)\
**Post date:** [March 27, 2023, 11:54am UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/6 "2023-03-27T11:54:40Z")

</div>

Hello, as the Main Aave DAO delegate platform, the ACI voluntarily stayed out of this initiative to leave as much room as possible for other delegate platforms and promote diversity in the Aave DAO.

For the upcoming election, there are several candidates we would like to support. Might we suggest rank-based or % base voting in snapshot? both options exist and while they are not typically used for DAO governance votes, I feel it would be an interesting option for this election.

---

<div class="post-metadata">

**Author:** ![lajarre](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lajarre/32/3284_2.png) [@lajarre](https://governance.aave.com/u/lajarre)\
**Post date:** [March 27, 2023, 6:25pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/7 "2023-03-27T18:25:46Z")

</div>

Hey Marc. Great to hear that the ACI will participate.

We’re currently working on the election process, and our main goal is to encourage as many people as possible to participate while also testing specific assumptions.

We really appreciate the ACI’s interest and your suggestion on the voting system is timely—we want to make sure we get broad participation but also that the result isn’t decided by one or two large voters. We’ve looked into a few different voting options, including Ranked Choice, Weighted, and Approval voting.

While Ranked Choice is a solid choice, we want to make sure that everyone understands the process clearly and [deems it legitimate](https://discuss.ens.domains/t/social-ep2-2-5-selection-of-an-ens-endowment-fund-manager/15188/111). We don’t want anyone to feel discouraged from participating just because they don’t understand how it works. Therefore, we suggest going with Weighted voting, which is a bit more straightforward.

We’d love to hear yours and other governance participants’ thoughts on the voting system we’ve selected—though we ask that you provide any feedback you have in the next day or two.

Also, we were wondering if the ACI would be willing to help us create a Snapshot proposal for next week’s vote. We’ll be sure to provide an update on this thread and tag it as `[TEMP CHECK]`.

Thanks so much for your attention to this matter, and we’re looking forward to working with you!

> UPDATE: fix link.

---

<div class="post-metadata">

**Author:** ![Curia](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/curia/32/3314_2.png) [@Curia](https://governance.aave.com/u/Curia)\
**Post date:** [March 29, 2023, 10:32am UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/8 "2023-03-29T10:32:11Z")

</div>

Hey there! Just wanted to give a big shout-out and thanks to the Butter team for their hard work on this campaign. We appreciate your efforts and dedication to making the election process smooth. Keep up the great work!

As Curia—a relatively new Aave delegate platform—we support Ranked Choice Voting (RCV) for the upcoming election for these reasons:

1. It promotes diverse candidates by enabling voters to rank their preferences.
2. It reduces vote-splitting, ensuring genuine support for preferred candidates.
3. It fosters collaboration, given the significance of second and third-choice preferences.

We believe RCV establishes a fair and inclusive election process toward selecting a single winner, where it aligns with the goals of this campaign and the values of the Aave community.

---

<div class="post-metadata">

**Author:** ![lajarre](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lajarre/32/3284_2.png) [@lajarre](https://governance.aave.com/u/lajarre)\
**Post date:** [March 30, 2023, 11:34am UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/9 "2023-03-30T11:34:46Z")

</div>

Thank you @Curia for your thoughtful suggestion.

We agree that Ranked Choice Voting offers strong guarantees against strategic voting and valuable alignment properties. However, we still believe that the potential confusion resulting from the complexity of this method offsets its benefits when compared to Weighted Voting. [Here is a link](https://discuss.ens.domains/t/social-ep2-2-5-selection-of-an-ens-endowment-fund-manager/15188/111) to an ENS discussion that illustrates the difficulty of understanding this.

Nevertheless, Butter is dedicated to improving this system for future iterations of this election, and Ranked Choice Voting appears to be a sound improvement. The knowledge gained from this initial election will provide valuable insights, and we will reassess when the appropriate time is to transition to RCV.

---

<div class="post-metadata">

**Author:** ![noturhandle](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/noturhandle/32/2946_2.png) [@noturhandle](https://governance.aave.com/u/noturhandle)\
**Post date:** [March 30, 2023, 4:22pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/10 "2023-03-30T16:22:06Z")

</div>

**UPDATE** : We’re renaming [this proposal](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/1) as a [TEMP CHECK] and have updated it to match the template.

We’ll run the delegate election on Monday April 3 2023 using Snapshot.

---

<div class="post-metadata">

**Author:** ![Codeknight](https://avatars.discourse-cdn.com/v4/letter/c/7feea3/32.png) [@Codeknight](https://governance.aave.com/u/Codeknight)\
**Post date:** [April 2, 2023, 9:17pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/11 "2023-04-02T21:17:21Z")

</div>

I think weighted voting makes sense. RCV has amazing properties, but tends to confuse voters and often they don’t submit properly(such as some only putting in their top choice).

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<div class="post-metadata">

**Author:** ![noturhandle](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/noturhandle/32/2946_2.png) [@noturhandle](https://governance.aave.com/u/noturhandle)\
**Post date:** [April 3, 2023, 8:10pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/12 "2023-04-03T20:10:20Z")

</div>

Thanks, @MarcZeller, @Curia, and @Codeknight for your responses.

The election went live today: [Snapshot](https://snapshot.org/#/aave.eth/proposal/0xf6da417983653f7e7f5560a8e16ad77d5e25533bba9157abfd222347b40d09d0)

We’ll be monitoring and reporting on progress daily on [Twitter](https://twitter.com/butterymoney).

Good luck to everyone participating 🗳

---

<div class="post-metadata">

**Author:** ![noturhandle](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/noturhandle/32/2946_2.png) [@noturhandle](https://governance.aave.com/u/noturhandle)\
**Post date:** [April 5, 2023, 8:26pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/13 "2023-04-05T20:26:19Z")

</div>

Updates on the election so far:

> <https://twitter.com/butterymoney/status/1643409664942514177?s=20>

Boardroom also kindly hosted two Twitter Spaces where delegates gave an overview of their Delegate Platforms and 90-day Initiatives:

The first including: @Kene_Anode, @Wallfacer, @Oxytocin, @BlockworksResearch

> <https://twitter.com/boardroom_info/status/1643297425870708742?s=20>

The second including: @onchaincoop, @fig, @TokenLogic, @DAOStewards, @DAOstrat.C, @Curia

> <https://twitter.com/boardroom_info/status/1643659678205739018?s=20>

We also recorded a podcast with @DAOstrat.C about Butter and the pilot with Aave:

> **[Incentivizing Governance with Butter](https://open.spotify.com/episode/0h7AOZorQFdX6bhC0igdPN)**
>
> Listen to this episode from Delegate on Spotify. In this week's episode, we had an insightful conversation with the co-founder of Butter, a pioneering start-up working to enhance governance structures by offering delegate incentives. We delved into...

---

<div class="post-metadata">

**Author:** ![lajarre](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lajarre/32/3284_2.png) [@lajarre](https://governance.aave.com/u/lajarre)\
**Post date:** [April 10, 2023, 6:13pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/14 "2023-04-10T18:13:00Z")

</div>

**The Snapshot election has concluded, and we are pleased to announce the winner: @TokenLogic .**

Congratulations to them, and thank you to all candidates who participated in the election.

## Delegation Window

During the one-week delegation window that ends on April 17, 2023, at 12 PM EDT, we invite tokenholders to delegate their votes to @TokenLogic 's address:

```
0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1

```

We will be awarding badges to participating tokenholders as a way to acknowledge their participation.

More details on how to delegate and earn a badge, in our Mirror article:

[https://mirror.xyz/butterd.eth/wJpTzGv2Z-89PULkPLwjxTPC4JdpzWHDO399IWNX5lE](https://mirror.xyz/butterd.eth/wJpTzGv2Z-89PULkPLwjxTPC4JdpzWHDO399IWNX5lE)

## Election Results

The results are the following:

- TokenLogic: 185K AAVE (24.94%)
- StableLab: 146K AAVE (19.7%)
- Fire Eyes: 105K AAVE (14.12%)
- Flipside Crypto: 90K AAVE (12.17%)
- Blockworks Research: 87K AAVE (11.75%)
- FranklinDAO: 66K AAVE (8.91%)
- Oxytocin: 31K AAVE (4.11%)
- ConsenSys: 18K AAVE (2.37%)
- Curia: 13K AAVE (1.72%)
- Saludiego201.eth: 437 AAVE (0.06%)
- Wallfacer Labs: 436 AAVE (0.06%)
- DAOStewards: 435 AAVE (0.06%)
- OnChainCoop: 410 AAVE (0.06%).

We have prepared a Flipside dashboard that summarizes the key election metrics:

[https://flipsidecrypto.xyz/lajarre/butter-x-aave-delegate-election-gMEwvs](https://flipsidecrypto.xyz/lajarre/butter-x-aave-delegate-election-gMEwvs)

_ **Caveat** : please note that the vote numbers on the dashboard may be slightly inaccurate for some candidates due to a bug that is still being investigated._

We’ll be providing an analysis of voter behavior during the election, later this week.

[EDIT 2023-07-11: new TokenLogic delegation address]

---

<div class="post-metadata">

**Author:** ![noturhandle](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/noturhandle/32/2946_2.png) [@noturhandle](https://governance.aave.com/u/noturhandle)\
**Post date:** [May 1, 2023, 5:19pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/15 "2023-05-01T17:19:04Z")

</div>

# Butter Delegate Activity Report

This report provides transparent and regular updates on the performance of delegates elected using Butter. Our reports are designed to make it easier for token holders to evaluate the actions taken by delegates while they hold voting power.

## Table of Contents

1. [Aave Delegate Campaign #1](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/15#aave-delegate-campaign-1-tokenlogic-3)
2. [Activity: April 17, 2023 - May 1, 2023](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/15#activity-april-17-2023-may-1-2023-12)
3. [Focus Area: Revenue Growth](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/15#focus-area-revenue-growth-14)
4. [Focus Area: Aave v3 Features](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/15#focus-area-aave-v3-features-21)
5. [Unrelated to Focus Areas](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/15#unrelated-to-focus-areas-31)

# Aave Delegate Campaign #1: @TokenLogic

As the winner of the Aave Incentivized Delegate program, we’ll be monitoring TokenLogic’s progress from April 17, 2023 - July 17, 2023 against the commitments made in their [delegate initiative](https://butterd.notion.site/TokenLogic-0110b8c5bf074940b44de446caa3cc69).

Below covers TokenLogic’s most recent activity based on the focus areas listed in their delegate initiative for the period from April 17, 2023 - May 1st, 2023.

## Live Reporting

 ![Screenshot 2023-05-02 at 02.14.57](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/6/6e61c4c6d69b4ddf69785e466dfd91bfbee603ac.jpeg)

Our [Delegate Campaign Tracker](https://flipsidecrypto.xyz/butterd/%F0%9F%A7%88-x-%F0%9F%91%BB-token-logic-delegate-campaign-tracker-ivmWtd) tracks all on-chain and off-chain votes cast and proposals published by TokenLogic for the duration of their Delegate Campaign at Aave.

## Delegate Profiles

[Aave Governance](https://governance.aave.com/u/tokenlogic/summary) | [Boardroom](https://boardroom.io/voter/0xA06c2e5BB33cd6718b08EC9335081Cbba62861f7?protocol=aave) | [Tally](https://www.tally.xyz/profile/0xa06c2e5bb33cd6718b08ec9335081cbba62861f7?governanceId=eip155:1:0xEC568fffba86c094cf06b22134B23074DFE2252c) | [Snapshot](https://snapshot.org/#/profile/0xA06c2e5BB33cd6718b08EC9335081Cbba62861f7)

## Focus Areas ([Delegate Initiative](https://www.notion.so/butterd/TokenLogic-0110b8c5bf074940b44de446caa3cc69))

### GHO Adoption

Accelerating the transition from a safe/guarded launch to achieving escape velocity via the widespread adoption of GHO across DeFi.

### Revenue Growth

Growth avenues expected to attract new users, protocol revenue and tailoring of risk parameters supportive of those building on top of Aave Protocol.

### Live Financial Reporting

Expansion of financial data across Aave, such as live financial statements, bad debt dashboards, service provider funding contracts v Aave budgets and asset holding performance over time

### Aave v3 Features

Initiatives that introduce and extend the v3 design features of Aave Protocol, such as portals, facilitator roles and meta-governance.

## Key Performance Indicators

TokenLogic committed to the following indicators to measure their success during their term. These include:

- GHO adoption
- Migration of Liquidity from Polygon v2 to v3

TokenLogic did not specify how GHO adoption should be measured but suggested that “initiating new pools” and “growing on-chain liquidity through various DeFi focused integrations”. GHO is yet to launch and, as such, we’re yet to see much work in this area.

In their Delegate Initiative, TokenLogic explains that, to migrate liquidity from Polygon v2 to v3, they intend to update risk parameters across the two deployments. Activity to date has centred on parameter updates, with 3 proposals concerning Polygon parameter updates specifically.

# Activity: April 17, 2023 - May 1, 2023

_Where TokenLogic does not provide a reason for any particular vote, we select the relevant Focus Area. Activity and reasons are available on [TokenLogic’s delegate platform](https://governance.aave.com/t/tokenlogic-delegate-platform/12516/4)._

## Summary

TokenLogic created two proposals, voted on 13 proposals, and missed one vote. Most of their focus related to two focus areas: Revenue Growth and Aave v3 Features.

## Focus Area: Revenue Growth

> Growth opportunities expected to attract new users, protocol revenue and tailoring of risk parameters supportive of those building on top of Aave Protocol.

### Votes

#### [ARFC] Add MAI to Optimism & Arbitrum Aave V3 pool

TokenLogic’s support for this proposal aligns with their revenue growth focus area as it aims to support stablecoin diversity, attract new users, and tailor risk parameters to support those building on top of Aave Protocol.

| Proposal | [[ARFC] Add MAI to Optimism Aave V3 pool](https://snapshot.org/#/aave.eth/proposal/0x5c5de0a7cb87170f6b0f28da20c079f9c89350125fffa9f80e0f60cc3c9d43ea) |
| --- | --- |
| Vote | YAE |
| Voting Power | 472 AAVE |
| Reason | We firmly support the inclusion of additional LST and Stablecoins across all Aave Protocol deployments. |

| Proposal | [[ARFC] Add MAI to Arbitrum Aave V3 pool](https://snapshot.org/#/aave.eth/proposal/0xef9654757a0d1aaec6f970f444ce54cfb2d6c2af0ccbfeb9a182acd51919453c) |
| --- | --- |
| Vote | YAE |
| Voting Power | 472 AAVE |
| Reason | We firmly support the inclusion of additional LST and Stablecoins across all Aave Protocol deployments. |

#### Risk Parameter Updates Aave V3 Optimism

TokenLogic’s support for this proposal aligns with their revenue growth focus area as it aims to improve the capital efficiency of the system and increase borrowing, ultimately generating more protocol revenue.

| Proposal | [Risk Parameter Updates Aave V3 Optimism](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIwNg==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 472 AAVE |
| Reason | We are directly aligned with this proposal, and our only caution was DAI with an LT of 83%, as this is starting to get high. This aside, we fully support the proposal from @ChaosLabs. |

#### Update AAVE V3 ETH Risk Parameters

TokenLogic supporting this proposal aligns with their focus area on revenue growth as it aims to make Aave V3 more attractive for migration, which could attract new users and increase protocol revenue.

| Proposal | [Update AAVE V3 ETH Risk Parameters](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIwNA==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 472 AAVE |
| Reason | We are in full support of increasing the LTV of AAVE on Ethereum v3 to match the Ethereum v2 deployment. |

#### Supply/Borrow Cap Updates V3 Arbitrum

TokenLogic supporting this proposal aligns with their focus area on revenue growth as it aims to adjust supply and borrow caps to maximize protocol borrow usage and revenue while minimizing losses.

| Proposal | [Supply/Borrow Cap Updates V3 Arbitrum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIwNQ==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 472 AAVE |
| Reason | We are supportive of increasing the Supply and Borrow Caps for wETH and wBTC on Arbitrum. This enables the Aave v3 deployment to continue growing without deposit cap limitations. Enabling sufficient deposit capacity is critical to encouraging builders to create structured products on Aave Protocol. |

#### [ARFC] MaticX Supply Cap Increase Polygon v3

This was a proposal submitted by TokenLogic in collaboration with Llama and is related to TokenLogic’s area of focus on revenue growth in that “By increasing the TVL and TL parameters, users benefit from improved capital efficiency by being able to borrow more whilst using the same collateral position”

| Proposal | [[ARFC] MaticX Supply Cap Increase Polygon v3](https://snapshot.org/#/aave.eth/proposal/0x7057a6311c791ebd57b93acb4a231dfd4fb92755fc02fa1de4723d0a5510d2ed) |
| --- | --- |
| Vote | Option 2 - 29.3M Supply Cap |
| Voting Power | 398 AAVE |
| Reason | None |

#### WAVAX Borrow Cap Update - V3 Avalanche - 04.21.2023

TokenLogic’s support for this proposal aligns with their focus area on growing protocol revenue. By providing users with a higher borrow cap more WAVAX is made available to meet borrowing demand.

| Proposal | [WAVAX Borrow Cap Update - V3 Avalanche - 04.21.2023](https://snapshot.org/#/aave.eth/proposal/0xa6810a8f03414a626d72311cba3d7f3fb2903e21689ee585c929b4c4989d4212) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 AAVE |
| Reason | None |

## Focus Area: Aave v3 Features

> Initiatives that introduce and extend the v3 design features of Aave Protocol, such as portals, facilitator roles and meta-governance.

### Submitted Proposals

#### [ARFC] Polygon v2 - Parameter Update

The proposal relates to TokenLogic’s area of focus on Aave v3 Features as it involves updating the protocol’s parameters to support migrating liquidity to Aave v3.

| Proposal | [[ARFC] Polygon v2 - Parameter Update](https://governance.aave.com/t/arfc-polygon-v2-parameter-update/12817) |
| --- | --- |
| Reason | This proposal “presents an opportunity to help kick start the migration from Polygon v2 to v3 by capitalizing on the favorable conditions presented by the multi-token liquidity mining program on v3.” |

#### [ARFC] Add LUSD to Aave v3 on Arbitrum

In collaboration with Llama this proposal with TokenLogic’s area of focus on GHO because it brings more stablecoin diversity to the Aave Protocol and supports the adoption of decentralized stablecoins

| Proposal | [[ARFC] Add LUSD to Aave v3 on Arbitrum](https://governance.aave.com/t/arfc-add-lusd-to-aave-v3-on-arbitrum/12858) |
| --- | --- |
| Reason | The proposal proposes listing LUSD with collateral disabled (LTV 0%) with borrowing enabled. |

### Votes

#### [Temp Check] - Community Preference for Supply Cap Limits for LSTs

TokenLogic supporting this proposal aligns with their focus area on Aave v3 Features, as it pertains to the ongoing development and refinement of Aave’s risk parameters and supply cap methodologies within the v3 version of the protocol.

| Proposal | [[Temp Check] - Community Preference for Supply Cap Limits for LSTs](https://snapshot.org/#/aave.eth/proposal/0xf9261916c696ce2d793af41b7fe556896ed1ff7a8330b7d0489d5567ebefe3ba) |
| --- | --- |
| Vote | Option 2 |
| Voting Power | 472 AAVE |
| Reason | We are comfortable with increasing Aave’s risk exposure to LST and believe the rewards for doing so outweigh the risks. The ability to redeem, or swap, the LST for the native network token is unique to LST. |

#### [ARFC] Deprecate Aave V2 AMM Market

TokenLogic’s support for this proposal aligns with their focus area on Aave v3 Features to migrate users and liquidity away from Aave V2 to Aave V3.

| Proposal | [[ARFC] Deprecate Aave V2 AMM Market](https://snapshot.org/#/aave.eth/proposal/0xc0be2141c5623d9233228b715def014050b5e224a6f8ec2c5ea67a15ba5cd8cb) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 AAVE |
| Reason | None |

#### Aave V2/V3 Collector’s Unification

TokenLogic supporting this proposal aligns with their focus area on Aave v3 Features, as it aims to improve the technical infrastructure of the Aave Protocol, which could lead to better performance and user experience on Aave V3.

| Proposal | [Aave v2/v3 Collectors unification](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIwMw==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 249 AAVE |
| Reason | This AIP is a key enabler for other service providers to begin managing the Treasury on respective networks. @llama implemented a simpler change enabling v1 aTokens to be received by the v2 Collector Contract, and this @bgdlabs proposal achieves the same objective in a more governance-efficient, holistic and streamlined approach. This is a great proposal from the @bgdlabs team. |

#### [ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Polygon

TokenLogic supporting this proposal aligns with their focus area on Aave v3 Features, as it can help to improve the overall efficiency and performance of the Aave V3 protocol.

| Proposal | [[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Polygon - 2023.04.23](https://snapshot.org/#/aave.eth/proposal/0x6dfc0cf7c95e91cfa9643a2621617c8210079aa2d44bdf8574ff1425a9ae52f0) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 AAVE |
| Reason | None |

## Unrelated to Focus Areas

### Votes

#### Risk Stewards Phase 1: CapsPlusSteward

This proposal is related to Governance.

| Proposal | [Risk Stewards Phase 1: CapsPlusSteward](https://snapshot.org/#/aave.eth/proposal/0xc882bf5f0f0f801591bfd5f0273388ea154654220f472aa4a06fd1fe6b94bb53) |
| --- | --- |
| Vote | YAE - 100% maximum increase limit, per asset, every 5 days |
| Voting Power | 142 AAVE |
| Reason | None |

#### ACI Service Provider Proposal

This proposal is related to Governance.

| Proposal | [ACI Service Provider Proposal](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIwMg==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 242 AAVE |
| Reason | We are in full support of the one-man band, @MarcZeller, growing a team and enhancing ACI’s contribution to the Aave ecosystem. |

#### [TEMP CHECK] Gas Fee Rebate for On-Chain Votes

This proposal is related to Governance.

| Proposal | [[TEMP CHECK] Gas Fee Rebate for On-Chain Votes](https://snapshot.org/#/aave.eth/proposal/0xb5a684d8294e3978001eafd80a6096e3f9b8e925879f83e9ea67a03644877a50) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 AAVE |
| Reason | None |

## No Action

#### [TEMP CHECK] - Whitelist Stargate for V3 Portals

| Proposal | [[TEMP CHECK] - Whitelist Stargate for V3 Portals](https://snapshot.org/#/aave.eth/proposal/0xc17bc863a09c72152c1ac25d09fcee4748b58eb2e10e70886e20e77ad4d8fad0) |
| --- | --- |
| Summary | Stargate would like to request a credit line for USDC, USDT and ETH to help Aave users access these assets in a multi-chain world. This proposal relates to v3 design features of Aave Protocol by enabling users to access assets across multiple chains |

---

<div class="post-metadata">

**Author:** ![noturhandle](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/noturhandle/32/2946_2.png) [@noturhandle](https://governance.aave.com/u/noturhandle)\
**Post date:** [June 8, 2023, 9:36pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16 "2023-06-08T21:36:47Z")

</div>

# Butter Delegate Activity Report

## Activity: May 2, 2023 - May 16, 2023

_Where TokenLogic does not provide a reason for any particular vote, we select the relevant Focus Area. Activity and reasons are available on [TokenLogic’s delegate platform](https://governance.aave.com/t/tokenlogic-delegate-platform/12516/4)._

## TokenLogic’s Delegate Profiles

[Aave Governance](https://governance.aave.com/u/tokenlogic/summary) | [Boardroom](https://boardroom.io/team/tokenlogic) | [Tally](https://www.tally.xyz/profile/0xa06c2e5bb33cd6718b08ec9335081cbba62861f7?governanceId=eip155:1:0xEC568fffba86c094cf06b22134B23074DFE2252c) | [Snapshot](https://snapshot.org/#/profile/0xA06c2e5BB33cd6718b08EC9335081Cbba62861f7)

# Activity Summary

| Area of Focus | Proposals | Votes | Total |
| --- | --- | --- | --- |
| [Revenue Growth](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-revenue-growth-14-5) | 0 | 14 | 14 |
| [Aave v3 Features](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-aave-v3-features-3-7) | 1 | 2 | 3 |
| [GHO Adoption](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-gho-adoption-3-10) | 0 | 3 | 3 |
| [Unrelated](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#unrelated-to-focus-areas-3-12) | 0 | 3 | 3 |
| **Total** | **1** | **22** | **23** |

## Focus Area: Revenue Growth (14)

> Growth avenues expected to attract new users, protocol revenue and tailoring of risk parameters supportive of those building on top of Aave Protocol.

### Votes (14)

| Proposal | [LST Supply Cap Increase Polygon & Arbitrum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyNQ==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We support the continued safe growth of LSTs on Aave deployments and acknowledge support from the risk providers for all proposed parameter changes. |
| Area of focus | **Revenue Growth** |

| Proposal | [Aave V2 Interest Rate Curve Changes (4/21) - Onchain](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyNA==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | In line with prior comment relating to the Snapshot vote. Although we believe the wMATIC parameters are sub-optimal, we support the overall proposal and reserve the ability to amend the wMATIC interest rate at a later date, pending how the market responds. |
| Area of focus | **Revenue Growth** |

| Proposal | [Aave V2 Interest Rate Curve Changes (4/21)](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDY1Yjc3ZGU5MmM4OGE2MDQ2YTkxNzlhYmU4ZTY3ZDVjMGU5ZTQyMDNlYWNlNDQyNWFhYzIxNWRiYjdkNWE4ODU=)- Offchain |
| --- | --- |
| Vote | NAE |
| Voting Power | 398 |
| Reason | We are directionally aligned with this proposal. However, we think the wMATIC parameters are not ideal and should be reworked. We voted NAE to signal an intent to rework the proposal in line with feedback provided on the forum. However, if the community supports the lower wMATIC rates, we will vote YAE at the AIP vote and then monitor how the market responds. If the market dynamics are adversely affected, we will prepare a proposal to revert the wMATIC interest rate parameters. |
| Area of focus | **Revenue Growth** |

| Proposal | [[ARFC] Aave V3 Interest Rate Curve Changes (2023-04-27)](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGEzNGRkNWM0YTg0M2Y2ODdhOTAxZjIxN2RjN2I5NjgxYTBlZWVjMTViMzkzMGJkMzIyMmY0OWM4NjA4NjBiMWM=) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We support the revised interest rate parameters. |
| Area of focus | **Revenue Growth** |

| Proposal | [Upgrade the safety module to v1.5 PART 2](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyMQ==) |
| --- | --- |
| Vote | YAE - 80/20 |
| Voting Power | 398 |
| Reason | Great to see this upgrade coming to AIP with two audits from a very strong developer team. Strongly in favour of this proposal. |
| Area of focus | **Revenue Growth** |

| Proposal | [Risk Parameter Updates Aave V3 Polygon](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyMg==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | **Revenue Growth** , **Migration of Liquidity from Polygon v2 to v3** |

| Proposal | [Supply and Borrow Cap Updates Aave V3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyMw==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | Glad to support this proposal to support the further safe growth of Aave. |
| Area of focus | **Revenue Growth** |

| Proposal | [Add MAI to Aave Arbitrum V3 pool](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIxOQ==)- Onchain |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | Stablecoin diversity is good for Aave and we are supportive of MAI’s expansion across several networks. |
| Area of focus | **Revenue Growth** |

| Proposal | [MaticX Supply Cap Increase Polygon v3 and AGD Approval](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyMA==) - Onchain |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We are strongly in support of facilitating the safe growth of LST collateral and yield maximizing strategies being built on Aave Polygon v3. We also support the corrective USDT payment to AGD. It is not ideal that these proposals are bundled, and this should be avoided. We supported this proposal and hoped the feedback from the community would be incorporated for future proposals without creating the need to submit two votes. |
| Area of focus | **Revenue Growth** , **Migration of Liquidity from Polygon v2 to v3** |

| Proposal | [Gauntlet Recommendations for Polygon V3 and Arbitrum V3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIxNQ==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We would have liked to see the BAL Supply Cap increased. However, we are also supportive of increasing the EURS Supply Cap and thus voted YAE on this proposal |
| Area of focus | **Revenue Growth** , **Migration of Liquidity from Polygon v2 to v3** |

| Proposal | [[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDMzY2RiZTQyNzA2YWE0NDljMmU3ZDU1ZDZjMWU4MWRhNGJmM2YxNTNiYjVjMTAxMGRmNzFlOGFiMjk2ZmU1MjU=) |
| --- | --- |
| Vote | Option 2 - 80/20 AAVE/wstETH |
| Voting Power | 398 |
| Reason | We are fans of capital efficiency and believe wstETH to be a low risk asset suitable for inclusion in Aave’s Safety Module. We also noted the comments from Solarcurve in the comments on this post and the overall direction of Balancer to focus on LST paired liquidity. |
| Area of focus | **Revenue Growth** |

| Proposal | [[ARFC] E-Mode Specific Supply and Borrow Caps](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDYwMjA0NmNhYjdhOGE5YWJjMTc4ZmJlMmM0ZTg2OWM1NWJjZWEzNTU2NzIzNWUzMTc0ZTA0MDllOWMzOWRiN2I=) |
| --- | --- |
| Vote | NAY |
| Voting Power | 398 |
| Reason | We voted for no change. If we did not vote this way, our next preference was Option 2. |
| Area of focus | **Revenue Growth** |

| Proposal | [[TEMP CHECK] Allocation of 300k OP Received by Aave Grants DAO](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGU5ZmY5MzMxNWQxY2UxZWUwZmU3NDZhMzA3NGI4NjY1NjZkZTA5NmNmOTEyZDQ1MzUwZjM1ZTRmZTAxOWY1MDI=) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We are looking to see AGD use these OP rewards to encourage builders on Aave Optimism v3. Using OP represents a solid alternative to AAVE tokens. |
| Area of focus | **GHO Adoption** , **Revenue Growth** |

| Proposal | [Aave Metis V3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIxMg==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We view this as an experiment and hope to see strong adoption without consuming many resources to maintain the deployment. |
| Area of focus | **Revenue Growth** , **Aave v3 Features** |

## Focus Area: Aave v3 Features (3)

> Initiatives that introduce and extend the v3 design features of Aave Protocol, such as portals, facilitator roles and meta-governance.

### Submitted Proposals (1)

> Note: Proposal was posted by Llama on behalf of TokenLogic

| Proposal | [[ARFC] Polygon v2 - Parameter Update](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDAxM2Y3NjNlOTJkMjUzOTI2YmM3ZjA0ZDc5MTM4NTkzYTFiMzFjOTY5YTM0ZGI3ZjA5NTVlNDY4NTBjNzk2ZDk=) |
| --- | --- |
| Vote | Option 2 - Adjust Uoptimal & RF Conservative |
| Voting Power | 398 |
| Reason | This is our own proposal. We are supportive of a conservative initial implementation with the option to prepare a follow up proposal after reviewing how the market responds to the first implementation. |
| Area of focus | **Aave v3 Features** , **Migration of Liquidity from Polygon v2 to v3** |

### Votes (2)

| Proposal | [Upgrade Aave V3 pools to Aave V3.0.2](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIxMw==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | Great proposal by @bgdlabs. Looking forward to seeing this in production. |
| Area of focus | **Aave v3 Features** |

| Proposal | [Aave Metis V3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIxMg==) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We view this as an experiment and hope to see strong adoption without consuming many resources to maintain the deployment. |
| Area of focus | **Revenue Growth** , **Aave v3 Features** |

## Focus Area: GHO Adoption (3)

> Accelerating the transition from a safe/guarded launch to achieving escape velocity via the widespread adoption of GHO across DeFi.

### Votes (3)

| Proposal | [[ARFC] - GHO Facilitator Onboarding Process and Application](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDQ5NDg2ZGM1OTY0MjY3YmY2N2YwMzRiYjYxNDZjZDkzZmZlNmM5ZTNhODVjNzM2ODMzNGI0OGI4ZTUwNTc3NzY) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | Having reviewed this proposal and provided feedback pre-forum. We are in support of creating a GHO Facilitator onboarding process. We seek to help communities submit applications to become a facilitator in time. |
| Area of focus | **GHO Adoption** |

| Proposal | [[TEMP CHECK] Allocation of 300k OP Received by Aave Grants DAO](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGU5ZmY5MzMxNWQxY2UxZWUwZmU3NDZhMzA3NGI4NjY1NjZkZTA5NmNmOTEyZDQ1MzUwZjM1ZTRmZTAxOWY1MDI=) |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We are looking to see AGD use these OP rewards to encourage builders on Aave Optimism v3. Using OP represents a solid alternative to AAVE tokens. |
| Area of focus | **GHO Adoption** , **Revenue Growth** |

| Proposal | [[TEMP CHECK] Aave V3 GHO Genesis Parameters](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGI0MTNhMTcwMDQ4NzU0NDNmYTNkY2Y5MGIwN2UyNDliNWM0NTkyYTc2MGI2ZGFmN2IwNjkwOTEzMWY5ZmMzMGM=) |
| --- | --- |
| Vote | Option A

| Parameter | Value |
| --- | --- |
| Borrow Rate | 1.5% |
| Bucket Capacity | $100M |
| stkAAVE Discount Rate | 30% |
| Discount Limit | 25% of total GHO bucket size |

 |
| Voting Power | 398 |
| Reason | We want to see GHO come to market asap. We are supportive of this proposal and acknowledge the ability to amend parameters post launch. |
| Area of focus | **GHO Adoption** |

## Unrelated to Focus Areas (3)

### Votes (3)

| Proposal | [[TEMP CHECK] Defining the Service Provider & Delegation Platform Relationship](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDAxOTg2YjU3OGJkYzUyNjYxYWIwYmVkYjg1YzU3MzA2ZjQ0OGIwM2Q1MmNkZGY5OTY3ODRhN2M0OTg5MTBkOWQ=) |
| --- | --- |
| Vote | YAE -Option 2 - Incentivised Delegates Program excluding Service Providers |
| Voting Power | 398 |
| Reason | We think Service Providers should already have the context to make informed votes and they should be active in governance. As a result, we believe Service Providers should be excluded from receiving reward for providing voting delegation platform service to the DAO. It is reasonable to expect these costs are somewhat already baked into the Service Provider agreement pricing. |
| Area of focus | None |

| Proposal | Aave Bug Bounty Program on Immunefi |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | No reason provided/participation in forum |
| Area of focus | None |

| Proposal | Modify Snapshot Proposal Threshold |
| --- | --- |
| Vote | YAE |
| Voting Power | 398 |
| Reason | No reason provided/participation in forum |
| Area of focus | None |

---

<div class="post-metadata">

**Author:** ![boardroom](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/boardroom/32/3853_2.png) [@boardroom](https://governance.aave.com/u/boardroom)\
**Post date:** [June 20, 2023, 6:38pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/17 "2023-06-20T18:38:20Z")

</div>

**Note** : Boardroom recently began collaborating with Butter on ongoing delegate activity reporting. We’re excited to be supporting this important initiative.

# Butter Delegate Activity Report

## Activity: May 17, 2023 - Jun 15, 2023

_Where TokenLogic does not provide a reason for any particular vote, we select the relevant Focus Area. Activity and reasons are available on [TokenLogic’s delegate platform](https://governance.aave.com/t/tokenlogic-delegate-platform/12516/4)._

## TokenLogic’s Delegate Profiles

[Aave Governance](https://governance.aave.com/u/tokenlogic/summary) | [Boardroom](https://boardroom.io/team/tokenlogic) | [Tally](https://www.tally.xyz/profile/0xa06c2e5bb33cd6718b08ec9335081cbba62861f7?governanceId=eip155:1:0xEC568fffba86c094cf06b22134B23074DFE2252c) | [Snapshot](https://snapshot.org/#/profile/0xA06c2e5BB33cd6718b08EC9335081Cbba62861f7)

# Activity Summary

| Area of Focus | Proposals | Votes | Total |
| --- | --- | --- | --- |
| [Revenue Growth](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-revenue-growth-14-5) | 10 | 10 | 20 |
| [Aave v3 Features](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-aave-v3-features-3-7) | 0 | 1 | 1 |
| [GHO Adoption](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-gho-adoption-3-10) | 0 | 1 | 1 |
| [Unrelated](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#unrelated-to-focus-areas-3-12) | 5 | 10 | 15 |
| Total | 15 | 22 | 37 |

> Note: We count each time TokenLogic votes/makes a proposal, even if it is the same proposal at different stages (for example, if TokenLogic votes on a proposal at the ARFC stage off-chain, and then votes the same on the same proposal when it comes on-chain, that is counted twice).

## Focus Area: Revenue Growth (20)

> Growth avenues expected to attract new users, protocol revenue and tailoring of risk parameters supportive of those building on top of Aave Protocol.

### Submitted Proposals (10)

| Proposal | [Add LUSD to Arbitrum Aave V3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0Mw==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [Add rETH to Arbitrum Aave v3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0Mg==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [Polygon Supply Cap Update](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0MQ==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [[ARFC] Optimism v3 Supply Cap Update](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDI1MDQ1ODcxZTIyMzQ2MzAzZDJjMmM4OWE0MTg1YTU4ODU5YjM1NjdlMmI3ZGMwMjM0ZGQyZGQ5MjBkN2MxZjc=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [[ARFC] Optimism Create ETH E-Mode](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDY4ZTk1MGZkMDA2MjkxNzZlZTdmMWI5ZjViMDVlNjAxZWIxMjQ1M2QyZmE1NTNjMjE0MjQ4YTk5OTlkNjNkZDg=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [[ARFC] Polygon Supply Cap Update 23.05.2023](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGJiYjkyODA1ZDdiMTVkNDZkNjY4Y2RjOGU0MGQ5YTE1ZTZhM2VkMmFjOTQ4MDI2NjdlN2QzYzM1YTc2M2JjOGM=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [wMATIC Supply & Borrow Cap Increase Polygon v3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIzMQ==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 753 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [[ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGE3YmM0MmNhMWY2NTg2NTVlOTk5OGQyMmQ2MTYxMzNkYTczNGJhZDBlNmNhYWU5YzdkMDE2YWQ5N2FiZjE0NTE=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | With rETH liquidity on Arbitrum growing, we are supportive of adding rETH to Aave v3 with conservative risk parameters. |
| Area of focus | Revenue Growth |

| Proposal | [MaticX Supply Cap Increase Polygon v3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyOQ==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We support the continued safe growth to LSTs across Aave v3 deployments. |
| Area of focus | Revenue Growth |

| Proposal | [[ARFC] Add LUSD Arbitrum v3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGNkMDljODExYzlmNWY1ODY5MzY1Njg0NmYxMTlkZmQ3NTYxYjEwZGU2YjVkOTFmODYwNjM0YjIyOGNiN2VlMDQ=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We support the diversification of Aave’s stable coin offering. |
| Area of focus | Revenue Growth |

### Votes (10)

| Proposal | [[ARFC] Add fUSDC to Ethereum v3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDYwMWE1MzRjZDUxMzkxODIzYzg0MmU1NGRkYTViOWNjMmMyYmU1MGZjYjA2NTVmOGY1OTgxMWU2Y2QyYmRhYTk=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [[ARFC] - Chaos Labs Risk Parameter Updates - Aave V3 Ethereum - 2023.05.18](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDg4YTAzZWI0MTRhN2RlOGQ0NTNlNzY2MDVhMzFkOGVhMWRhM2JhMGMyYWI3NGFjMjg3ZDdiNzg0YmExNDIxZjA=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [DeFi Saver Aave V3 FlashBorrowers Whitelist Part II](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIzNQ==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [Activate Emode for rETH Aave Ethereum V3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIzMg==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 753 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [[TEMP CHECK] Add ARB to Arbitrum Aave v3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDA1OGY4ZTY5YjY5YTI3NDk1ZWU5Nzk2ZmM2OTUyMzI2ZDk0ZWIyNGZlMDA3MTA1MGRiMTY2ZDVkNWUxZGEyNDI=) |
| --- | --- |
| Type | TEMP CHECK |
| Vote | YAE |
| Voting Power | 398 |
| Reason | None |
| Area of focus | Revenue Growth |

| Proposal | [Aave V3 Interest Rate Curve Changes (4/27)](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyNw==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We support the revised interest rate parameters. |
| Area of focus | Revenue Growth |

| Proposal | [Risk Parameter Updates for Ethereum v3 (05/09/2023)](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyNg==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We support the controlled increase of the LUSD supply cap. |
| Area of focus | Revenue Growth |

| Proposal | [[TEMP CHECK] - Add support for RPL on Ethereum v3](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDA1MDlhOGVlZWU2NmQ1NzIwNjczMmE5Y2ZkZGQzMmI0ODMyYTFhNmY5OTNmMzZjNGUwMTQ2Mzg3OTQxYzVhMjM=) |
| --- | --- |
| Type | TEMP CHECK |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We support adding RPL, as we did LDO, and we would like to highlight the extra utility that RPL offers relative to LDO. Hopefully there is strong RPL borrowing demand. |
| Area of focus | Revenue Growth |

| Proposal | [[ARFC] Activate emode for rETH Aave Ethereum V3 Pool](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDM5YzE1NWNkNmU5ZTA1YzEyM2U1MjAyODNiNWM0MWU5NmE1OGIyMWFmMTUwYmFjOGYzMjcyYTE3ZTI0MWVmNTA=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | Adding rETH to the ETH mode will enable more structured products to be built on Aave v3, promote diversify and will lead to great wETH being borrowed with generates revenue for Aave. We believe this to be low risk and are looking for [https://governance.aave.com/u/bgdlabs](https://governance.aave.com/u/bgdlabs) to review the oracle used within E-Mode before supporting this proposal at AIP stage of the governance process. |
| Area of focus | Revenue Growth |

| Proposal | [[TEMP CHECK] - Add support for fUSDC on Ethereum v3 Pool](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGI3MmVlMjUxNTVkOWVjNDMwMzkwZDFiN2QwMjMyNWYzNGZlYjVjOWNjODU4NTY4NmM3OGMzMzMxYWFiMmRkNTY=) |
| --- | --- |
| Type | TEMP CHECK |
| Vote | YAE |
| Voting Power | 398 |
| Reason | This represents an exciting growth opportunity for Aave and we welcome further exploration of adding fUSDC as collateral on Aave v3 with conservative risk parameters upon being added. |
| Area of focus | Revenue Growth |

## Focus Area: Aave v3 Features (1)

> Initiatives that introduce and extend the v3 design features of Aave Protocol, such as portals, facilitator roles and meta-governance.

### Votes (1)

| Proposal | [Caps Plus Risk Steward](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIzNA==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | Aave v3 Features |

## Focus Area: GHO Adoption (1)

> Accelerating the transition from a safe/guarded launch to achieving escape velocity via the widespread adoption of GHO across DeFi.

### Votes (1)

| Proposal | [[TEMP CHECK] FlashMinter Facilitator Approval](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDdhMjY5OGRmMmNmMzVlZGQ0ZjE3MzlmNzY1N2JjZjkxOGM4Y2QzMjkwZTE2NDBjYmEwMWMzMDQ2OTY4YTUwMjI=) |
| --- | --- |
| Type | TEMP CHECK |
| Vote | FOR |
| Voting Power | 398 |
| Reason | None |
| Area of focus | GHO Adoption |

## Unrelated to Focus Areas (15)

### Proposals (5)

| Proposal | [[TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDhlNjBiYmViZjU5YTY5MTFjZDBkMTM3YWEwNjc4MGFlZmM1YjViMGNkMGY4Y2NmYTEyNDI3Y2YxNTNmNThiMDU=) |
| --- | --- |
| Type | TEMP CHECK |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | None\* |

| Proposal | [[TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDI4NTM1ZjU2ZjI5YTliMDg1YmU4OGUzODk2ZGE1NzNjNjEwOTVhMTRmMDkyY2U3MmFmZWEzYzgzZjRmZWVmZTA=) |
| --- | --- |
| Type | TEMP CHECK |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | None\* |

> Note: The following three proposals are multiple parts of the same proposal.

| Proposal | [[ARFC] Consolidate Collector Contract & Secure Service Provider Runway](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGI0MTQxZjEyZjdlYzhlMDM3ZTYzMjA5MTJiNTY3M2ZjYzU5MDk0NTdkOWY2MjAxYzAxOGQ1YzE1ZTVhYTUwODM=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | The USDC runway on Aave v2 requires replenishing and the logic presented of swapping small holdings of high volatility assets to aUSDC makes a lot of practical sense for Aave DAO. |
| Area of focus | None |

| Proposal | [[ARFC] Migrate Holdings from v2 to v3 and acquire wstETH and rETH](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDViY2I2ZGRkZjNlNjU1OTdkYjJmMGU4MzAwZWRjYTU3Mzc3ODhmY2Y2YzYzY2E5MDAyNGE4YjRlNjg1YjQwZmU=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We are supportive of Aave DAO holding funds in the safer of the two deployments. We also support Aave DAO holding the most battle test LST and holding these assets outside of the liquidity pools. We would advocate to explore how a portion of these assets could be used in the future to earn additional yield. |
| Area of focus | None |

| Proposal | [[ARFC] Acquire BB-A-USD and deposit 50% into both Balancer and Aura Finance](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGUxOTQyYTg2NDYwY2RkZjdlMmYwMTEwMTQ1MzEzMDhhY2Y1MGFhYmNmNzA4MWZiNGQxMmE3OTcxOTdjNmQ0Njc=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We are supportive of Aave DAO deploying the treasury to earn. Especially where it is perceived to be low risk and in line with other initiatives within the DAO. |
| Area of focus | None |

### Votes (10)

| Proposal | [Add 1INCH to Aave V3 Ethereum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0NQ==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | None |

| Proposal | [Add ENS to Aave V3 Ethereum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0NA==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 679 |
| Reason | None |
| Area of focus | None |

| Proposal | [Aave Stablecoin E-mode changes for V3 Avalanche, Optimism, Polygon, and Arbitrum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIzMw==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 753 |
| Reason | None |
| Area of focus | None |

| Proposal | [[ARC] Delegate Code Of Conduct](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDAwYTYwMjA0YWM0ODA5OWJjY2ZmMWI1ODAxMjk5NDg2ZjczZWY5N2ZiNGI1MTc3M2U3NGEyMmE5ZTc2NzkzMGM=) |
| --- | --- |
| Type | ARFC |
| Vote | Good Faith / Integrity, Best Interest, Due Care and Attention, Communication, Professional Knowledge, Conflicts of Interest, Availability, Security Optimization |
| Voting Power | 398 |
| Reason | None |
| Area of focus | None |

| Proposal | [[ARC] Framework For Recognized Delegates](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGVmNDE2MjA4OGU2ZjM1YTcwMDIxZDNhMTMyZjVhMzI5YWI3YTY2MGE0ODY5Y2U4YWY2YjlkMjBjNjQ2YzZjOTI=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | None |
| Area of focus | None |

| Proposal | [Fix rate strategies issue on Aave v2 Polygon](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIzMA==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 753 |
| Reason | None |
| Area of focus | None |

| Proposal | [AGD Approval](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjIyOA==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We are supportive of this corrective USDT payment for AGD. |
| Area of focus | None |

| Proposal | [[ARFC] BUSD Offboarding Plan Part II](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGUyMzkzODkzNDIxZWRjMDE5MTVkZTQ2M2NiZjUxNzA4NmMxZjZhNGU4NGY1NGZkYmEyZWQxNjMzMzQxNzhhMmY=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | BUSD is not a good fit for Aave and we support the off boarding effort. |
| Area of focus | None |

| Proposal | [[ARFC] Add ENS to Aave V3 Ethereum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweGQzMzM4MWE4MzIyMmIzM2FmYTgyNzdmODZmYWU1ZWU0NmQ0ZTM0NTViYTA5ZGZjMDkxZjYyNmU1OWVjYzI5YWQ=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | Similar reasoning to 1inch above. (”We are in support of migrating 1inch from v2 to v3. Adding 1inch to the v3 market is the first step in this journey.”) |
| Area of focus | None |

| Proposal | [[ARFC] Add 1INCH to Aave V3 Ethereum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpzbmFwc2hvdDoweDYzN2Q2NjFmMWM3MjBhZGVkODE2MjkxZGQwMWZiMDkzYWU4YjFiMzhjMzIyNzk1ZmFlNWNlZWRlODc2YTgwMTU=) |
| --- | --- |
| Type | ARFC |
| Vote | YAE |
| Voting Power | 398 |
| Reason | We are in support of migrating 1inch from v2 to v3. Adding 1inch to the v3 market is the first step in this journey. |
| Area of focus | None |

---

<div class="post-metadata">

**Author:** ![boardroom](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/boardroom/32/3853_2.png) [@boardroom](https://governance.aave.com/u/boardroom)\
**Post date:** [July 3, 2023, 8:30pm UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/18 "2023-07-03T20:30:02Z")

</div>

# Butter Delegate Activity Report

## Activity: Jun 16, 2023 - Jun 30, 2023

_Where TokenLogic does not provide a reason for any particular vote, we select the relevant Focus Area. Activity and reasons are available on_ [_TokenLogic’s delegate platform_](https://governance.aave.com/t/tokenlogic-delegate-platform/12516/4)_._

## TokenLogic’s Delegate Profiles

[Aave Governance](https://governance.aave.com/u/tokenlogic/summary) | [Boardroom](https://boardroom.io/team/tokenlogic) | [Tally](https://www.tally.xyz/profile/0xa06c2e5bb33cd6718b08ec9335081cbba62861f7?governanceId=eip155:1:0xEC568fffba86c094cf06b22134B23074DFE2252c) | [Snapshot](https://snapshot.org/#/profile/0xA06c2e5BB33cd6718b08EC9335081Cbba62861f7)

# Activity Summary

| **Area of Focus** | **Proposals** | **Votes** | **Total** |
| --- | --- | --- | --- |
| [Revenue Growth](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-revenue-growth-14-5) | 1 | 2 | 3 |
| [Aave v3 Features](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-aave-v3-features-3-7) | 0 | 0 | 0 |
| [GHO Adoption](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#focus-area-gho-adoption-3-10) | 1 | 0 | 1 |
| [Unrelated](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/16#unrelated-to-focus-areas-3-12) | 0 | 2 | 3 |
| **Total** | | | 7 |

> Note: We count each time TokenLogic votes/makes a proposal, even if it is the same proposal at different stages (for example, if TokenLogic votes on a proposal at the ARFC stage off-chain, and then votes the same on the same proposal when it comes on-chain, that is counted twice).

## Focus Area: Revenue Growth (3)

> Growth avenues expected to attract new users, protocol revenue and tailoring of risk parameters supportive of those building on top of Aave Protocol.

### Submitted Proposals (1)

| **Proposal** | [Polygon v2 - Parameter Update](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI1MA==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 678 |
| Reason | none listed |
| Area of focus | Revenue Growth |

### Votes (2)

| **Proposal** | [Add Native USDC To Arbitrum V3 Pool](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI1MQ==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 678 |
| Reason | none listed |
| Area of focus | Revenue Growth |

| **Proposal** | [Risk Parameter Updates Aave V3 Ethereum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0Nw==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 678 |
| Reason | none listed |
| Area of focus | Revenue Growth |

## Focus Area: Aave v3 Features (0)

> Initiatives that introduce and extend the v3 design features of Aave Protocol, such as portals, facilitator roles and meta-governance.

### Submitted Proposals(0)

### Votes (0)

## Focus Area: GHO Adoption (1)

> Accelerating the transition from a safe/guarded launch to achieving escape velocity via the widespread adoption of GHO across DeFi.

### Submitted Proposals (1)

| **Proposal** | [Treasury Management - Acquire B-80BAL-20WETH](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0OQ==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 678 |
| Reason | none listed |
| Area of focus | GHO Adoption |

### Votes (0)

## Unrelated to Focus Areas (3)

### Submitted Proposals (0)

### Votes (3)

| **Proposal** | [Chaos Labs V2 to V3 Migration Next Steps](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI1Mg==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 678 |
| Reason | none listed |
| Area of focus | Unrelated |

| **Proposal** | [Price feeds operational update Pt2 - stETH](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0OA==) |
| --- | --- |
| Type | AIP |
| Vote | YAE |
| Voting Power | 678 |
| Reason | none listed |
| Area of focus | Unrelated |

| **Proposal** | [Risk Parameter Updates for AAVE V2 Ethereum](https://boardroom.io/aave/proposal/cHJvcG9zYWw6YWF2ZTpvbmNoYWluOjI0Ng==) |
| --- | --- |
| Type | AIP |
| Vote | NAY |
| Voting Power | 678 |
| Reason | none listed |
| Area of focus | Unrelated |

---

<div class="post-metadata">

**Author:** ![lajarre](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/lajarre/32/3284_2.png) [@lajarre](https://governance.aave.com/u/lajarre)\
**Post date:** [July 18, 2023, 10:23am UTC](https://governance.aave.com/t/temp-check-incentivized-delegate-campaign-3-month/11732/19 "2023-07-18T10:23:13Z")

</div>

**The 3-month delegate campaign drew to a close yesterday, July 17th.**

We’re glad our efforts contributed to the introduction of TokenLogic as a new professional delegate in Aave’s governance.

The third and final portion of the delegate’s monthly compensation is now ready for unlocking.

A final report detailing the last two weeks of TokenLogic’s activity will soon be published.

Also, we kindly request all depositors in our Enzyme vaults to redeem their tokens.  
Links here: [AAVE vault](https://app.enzyme.finance/vault/0x9d4c5e00c47de8f789a2ba971c37279c5188a891), [stkAAVE vault](https://app.enzyme.finance/vault/0x066b5139c1335d159f823f2bbc0d55fc270ccfcb).

In another development, we are pleased to acknowledge the Orbit initiative by ACI. This initiative will provide continuous funding for delegates, ensuring the sustainability of their roles in the future. We believe that initiatives such as Orbit are instrumental in strengthening the ecosystem’s long-term viability.

Looking forward to engaging more with the Aave community in the future.

The Butter Team