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Aave News #93

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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.

Aave Grants DAO
Mar 28, 2023
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Aave News #93

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For anyone who has May 14th marked on their calendar, including: Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Events 📆 | Hey Anon 👻 | Governance ⚖️

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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.


Protocol 📰

  • 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.

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  • 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:

    1. @bgdlabs introduced Aave Governance V3, and a good discussion is taking place.

    2. BGD Labs also introduced the idea of Risk Steward contracts, as a pilot program to “simplify a lot of operational/governance overhead.”

    3. @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.

    4. @Llamaxyz has initiated a temp-check discussion about whether “entities can receive payment for being both a Service Provider and a Delegate Platform.”


Ecosystem 🧉

  • 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.


Events 📆

🧈 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?


Governance ⚖️

Follow the latest governance updates from Boardroom

Proposals

👻 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.

⚡️ Snapshot:

  • 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

  • @MarcZeller provides an update on the BUSD offboarding plan

  • Gauntlet continues to provide market alerts

  • See Certora’s continuous formal verification report for February here

  • Isolation mode methodology explained by @ChaosLabs

  • Delegate platform updates from 1 @Curia, @Saludiego201, @Wallfacer, @Oxytocin, and @James – among others.

Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom


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