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Aave News #85
Aave v3 is Live on Ethereum! Plus, Aave Grants Renewal Passes, Bad Debt Clean Up, 🍋 Argentina and More
For anyone who voted for v3 on Ethereum, including: Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻
Spotlight: v3 on Ethereum 🔦
Aave v3 has been deployed on Ethereum marking a fully decentralized deployment following contributions from across the community, engaging discussions and a successful on-chain vote. Congratulations to everyone involved! Explore v3 now - including a migration tool from v2 to v3.
Stani shared a sneak peak of what to expect next now that v3 is live on Ethereum. tl;dr it’s GHO time 👻
On top of the Aave v3 proposal, the community also voted on proposals to:
Repay the CRV debt - the swap contract has already bought the full amount of CRV required
Renew Aave Grants DAO
Consolidate assets in the v2 treasury
Freeze assets in response to the exploit on Midas Protocol
Aave Grants DAO has been renewed for 6 more months! Thanks to everyone who participated in the conversation and supported AGD along the way 👻
BEN, a leading creator of engaging blockchain education content, released their first video on Aave 🔑
Lemon Argentina integrated with Aave, bringing DeFi to over 1.7 million users in Brazil and Argentina 🍋
Many thanks to StableNode for posting a v0 of the Aave Finance Governance Process.
👻 Aave Improvement Proposals:
Aave V3 Ethereum (147). This proposal “activates the Aave V3 Ethereum pool (3.0.1), by completing all the initial setup and listing WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE.” (See further discussion of the wETH and wstETH interest rate curve here.)
Repay Excess CRV Debt on Ethereum v2 (146). A proposal to “procure CRV with aUSDC from the Collector Contract for the purpose of repaying the excess debt in the CRV Reserve on the Ethereum v2 liquidity pool.”
Renew Aave Grants DAO (145). This proposal will provide “Aave Grants DAO (AGD) with $3.25m for the next two quarters (Q1 and Q2 2023) to fund more projects that benefit AAVE,” as described in the recent Snapshot.
Ethereum v2 Collector Contract Consolidation (144). This proposal succeeded with 100% voting “YAE” and will be executed on January 23.
Freeze jEUR on Aave v3 Polygon (143). This proposal succeeded with 100% voting “YAE” and will be executed on January 23.
Freeze agEUR on Aave v3 Polygon (142). This proposal failed on January 22 with nearly 100% voting “NAY.”
Compensate Bug Bounty Contributor. This proposal suggests that the community compensate the “contributor for risk analysis conducted during market volatility.”
Interest Rate Curve Changes for Aave V2 ETH. This proposal passed on January 20th with 100% voting “YAE.”
🗣 Provide feedback on these Aave Requests for Comment (ARCs):
Repay Excess CRV Debt on Ethereum v2. Although almost 66% voted to “use USDC to acquire CRV” on December 16, the market has shifted considerably and there considerations are [ARFC] Repay Excess CRV Debt on Ethereum v2. Almost 66% voted to “use USDC to acquire CRV” on December 16.
Add support for Origin Dollar (OUSD) on Ethereum V3. A proposal to add “lend/borrow support for the Origin Dollar stablecoin.”
UI/UX Upgrade Governance Framework. @AaveCompanies notes that “going forward, prospective integrators should reach out to Aave Companies at email@example.com to discuss the process for integrations.”
Add Support for wstETH on Arbitrum Aave v3, a proposal from Lido.
Add Support for cbETH. Discussion continues as Chaos Labs provides analysis and recommendations.
Onboard rETH (rocket pool ETH) to Aave V3 ethereum market. Discussion continues, and support is strong.
In the Forums
Who are the active solo DAO governors in Aave?
ETHforAll Hackathon by Devfolio: February 4th to 19th 💻
Hey Anon 👻
What was your earliest v3 deposit?