TokenLogic November Update
During November 2025, we participated in 14 of 15 Aave Improvement Proposals (AIPs), and 5 of 5 Snapshot votes.
Snapshot Votes
[TEMP CHECK] Onboard Strata srUSDe January expiry PT tokens to V3 Core Instance
Vote Cast: YAE
We support this proposal. This PT is the highest yielding in the Ethena ecosystem, making it a very attractive loop against stablecoin debt.
[ARFC] Chaos Risk Agents
Vote Cast: YAE
We support this proposal and are looking forward to see those Risk Agents live.
[ARFC] Winding down Lend & Migration Contract
Vote Cast: YAE
We support this proposal. This is a bit unlock of AAVE token that will allow the DAO to use it for growth and should improve the overall tokenomics of the token.
[ARFC] Remove USDS as collateral and increase RF across all Aave Instances
Vote Cast: YAE
We support this proposal.
[ARFC] Umbrella Coverage Expansion
Vote Cast: YAE
We support this proposal. This is an important improvement for the protocol, everyday Aave becomes safer.
AIP Votes
Service Provider Compensation Reform for V4 Alignment
Vote Cast: YAE
We support this proposal. We believe it further aligns Service Providers with the DAO and strengthens their long-term commitment to Aave’s success.
Security Services for Aave Current Infrastructure <> Certora
Vote Cast: YAE
We support this proposal. We consider Certora to be among the best in their field and have greatly appreciated working with them to date.
Security Services for Aave v4 <> Certora
Vote Cast: YAE
We support this funding. Certora has consistently demonstrated best-in-class security review capabilities for Aave over the past several years. We believe they are the most qualified team to undertake this critical audit role for Aave V4.
Aave BGD Phase 6 & Project E agreement
Vote Cast: YAE
We support this funding. BGD has been an instrumental force behind Aave’s success, consistently delivering some of the highest-quality technical work in the ecosystem across multiple mandates. We strongly endorse their continued contribution to the DAO.
Safety Module Emissions Update
Vote Cast: YAE
We support this proposal.
Reinstate Supply and Borrow Caps on Aave V3 Gnosis Instance
Vote Cast: YAE
We support this proposal. Now that the market is back to normal state, Aave on Gnosis should follow the same path.
Orbit Program Renewal - Q3 and Q4 2025
Vote Cast: YAE
We support this proposal. Moving to a biannual schedule will reduce operational overhead while keeping key delegators aligned and engaged within the Orbit program.
XPL Onboarding
Vote Cast: YAE
We support this onboarding.
Deprecation of Low Demand Volatile Assets on Aave V3 Instances
Vote Cast: YAE
We voted in favour of this proposal. These assets bring unnecessary risk of bad debt and little to no revenue. R/R very bad.
Freeze wstETH Plasma
Vote Cast: No vote
We missed this proposal but would have voted in favour of this proposal. wstETH on Plasma has to be updated to a new token.
Ethena PT FEB Listing
Vote Cast: YAE
We voted in favour of this proposal. This is the next maturity for Ethena Pendle assets. These assets are important demand sinks for stablecoin debt and big revenue drivers for the DAO.
November Funding Update
Vote Cast: YAE
We support this proposal. This November funding update allow to Bridge funds to Ethereum; Acquire GHO to support runway; Consolidate asset holdings; and, Create Allowances to support Operations.
Onboard rsETH to Aave V3 Avalanche Instance
Vote Cast: YAE
We support this proposal, we expect Kelp to drive demand for ETH debt on the Avalanche instance.
Add MetaMask USD (mUSD) to Aave V3 Ethereum/Linea
Vote Cast: YAE
We support this onboarding. MUSD is the next part of Aave’s collaboration with Metamask. We hope to see a lot of growth coming from that stablecoin, specifically on the Linea instance.
Onboard syrupUSDT to Aave V3 Core Instance
Vote Cast: YAE
We support this proposal, same as the onboarding on Plasma, syrupUSDT is going to bring a lot of sustained demand for stablecoin debt.