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Aave News #93
New February Grantees, v3 to Launch on Metis, Butter Delegate Election, Aave DAO's ARB Allocation, and More.
For anyone who has May 14th marked on their calendar, including: Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Events 📆 | Hey Anon 👻 | Governance ⚖️
Spotlight: February Grantees 🔦
Big congrats to Projection Finance, CIAN, 1Delta DAO, DeFiSafety, Butter, Colledge, SlothyFi, Cetra Finance, Weave & Franklin DAO who have been officially announced as the latest cohort of Aave Grantees 🎉👻
Check out the unique yield strategies, a governance experiment, research, tooling, an innovative margin platform and other projects that each grantee is building along with a wider February update from Aave Grants.
After a successful governance vote, Aave v3 will be launching on Metis. This will mark the first new Aave v3 deployment outside of the original announcement and Ethereum mainnet.
As a part of the Arbitrum DAO airdrop, the Aave DAO received 2.7m tokens. A discussion is underway on the best way Aave DAO should utilize the funds.
See a full Governance recap from Boardroom below or check out the highlights here:
BGD Labs also introduced the idea of Risk Steward contracts, as a pilot program to “simplify a lot of operational/governance overhead.”
@lajarre from Butter has announced the “eight candidates that have committed to running as delegates for the Aave Delegation Campaign”; the election, which is open to AAVE and stkAAVE holders, will run from April 3 - April 9.
Butter updated the community on their incentivized delegate campaign. Delegates include: ConsenSys, DAOStewards, Diego Ortiz, FireEyes 🔥_🔥, Flipside Governance, OnChainCoop, Oxytocin, StableLab, FranklinDAO and Wallfacer Labs. Read their latest update and be sure to participate in the election, running April 3rd though 9th.
Catch up with Certora’s most recent update: Continuous Formal Verification Report February 2023.
🧈 Butter Incentivized Delegate Campaign: Election - April 3–9
🇯🇵 ETHGlobal Tokyo - April 14–16
🇵🇹 rAAVE - during ETHGlobal Lisbon in May!
Hey Anon 👻
How many governance proposals have you participated in this week?
👻 Aave Improvement Proposals:
Freeze DPI on V2 Ethereum (189). Succeeded with nearly 100% voting YAE and is queued for execution.
Risk Parameter Updates for Aave V3 ETH Market (188). Succeeded with 100% voting YAE and is queued for execution.
Aave V3 Interest Rate Curve Changes (187). Succeeded with 100% voting YAE and was executed on March 25.
Supply/Borrow Cap Updates V3 Polygon and Arbitrum (186). Succeeded with 100% voting YAE and was executed on March 25.
Increase supply cap for cbETH Aave Ethereum V3 (185). Succeeded with 100% voting YAE and was executed on March 24.
Activate Emode for cbETH Aave Ethereum V3 (184). Succeeded with 100% voting YAE and was executed on March 22.
OP Emission_Admin for Optimism v3 Liquidity Pool (183). Succeeded with 100% voting YAE and was executed on March 22.
MaticX Supply Cap Increase Polygon v3 (182). Succeeded with 100% voting YAE and was executed on March 22.
Deploy aCRV& CRV to veCRV. Voting ends on March 30.
Polygon v2 to v3 Liquidity Migration. Voting ends on March 30.
Add support for wstETH on Polygon v3. Voting ends on March 30.
Add LDO to Ethereum Aave v3. Voting ends on March 30.
“MVP” V3 deployment on ZkEVM mainnet. Voting ends on March 29.
E-Mode Parameter Changes for v3 Avalanche, Optimism, Polygon, and Arbitrum. Voting ends on March 31.
Aave Chan Initiative 6-month Budget Proposal. Voting 1 ends on March 28.
Community Preference for V3 Migration Levers. Voting ens on April 5.
Isolation Mode Recommendations for Aave v4 Avalanche, Polygon, and Arbitrum. Voting ends on March 28.
Gauntlet Risk Parameter Recommendations for V3 AVAX. Voting ends on March 28.
AAVE on Harmony Recovery Plan. Failed on March 26 with over 99% voting “no, I refuse this proposal.”
Aave Governance Process Improvements. Passed on March 22 with over 98% voting YAE.
Deploy Aave V3 to Metis Andromeda Mainnet. Passed on March 23 with over 77% voting YAE.
Safety Module upgrade to v1.5. Passed on March 20 with nearly 100% voting YES.
🗣 Active Aave Requests for Comment (ARCs & Temp Checks):
[TEMP CHECK] - Aave DAO’s $ARB Airdrop Allocation
[ARFC] Increase rETH Supply Cap - 03-26
[ARFC] Increase cbETH Supply Cap - 03-26
[ARFC] GHO Genesis Parameters. Discussion continues.
[TEMP CHECK] Aave V3 deployment on zkSync Era Mainnet
[TEMP CHECK] GHO Facilitator Onboarding Process and Application
[ARC] Whitelist Stargate for V3 Portals
[ARFC] wMATIC Supply Cap Increase. Updates provided by Llama.
[ARC] Add support for Origin Dollar (OUSD) on Ethereum V3. Update from Origin.
[TEMP CHECK] Aave V3 deployment on BNB Chain
[ARFC] BAL Interest Rate Upgrade
[ARCF] - Chaos Labs Risk Parameter Updates - Aave V3 Optimism
[ARFC] - Configure Ioslation Mode Borrowable Assets - V3 Ethereum
In the Forums
Gauntlet continues to provide market alerts
See Certora’s continuous formal verification report for February here
Isolation mode methodology explained by @ChaosLabs