Aave News #94

Explore Aave on Tally, Vote in the Butter Delegate Election, Participate in Double LM on Polygon and More. Plus, if any grantees will be in Tokyo - let us know (for merch ++)!

Apr 3, 2023

Spotlight: Aave on Tally 🔦

You can now explore and interact with Aave governance on Tally!

Protocol 📰

The Aave v3 Ethereum market hit $1B last week. When $2B?
A temp check for launching Aave v3 on Starknet is live for Snapshot voting. Read the full details on the second stage of Aave x Starknet.
Liquidity mining is live on Polygon for wMATIC. This marks the first ever liquidity mining with two reward tokens - MATICx and stMATIC - on the same asset in the Aave Protocol.
The vote to increase the cbETH supply cap passed and the new cap was almost instantly filled.

Ecosystem 🧉

Butter’s incentivized delegate campaign is now live for voting on Snapshot. Thirteen different groups came forward with delegate platforms and a 90-day delegate initiative. Read up on each of the candidates, what they are proposing and vote for the candidate(s) you think will best represent Aave. The winning delegate will be compensated with $15,000 in AAVE for their efforts.
If any grantees will be in Tokyo - please let us know! Aave merch and other perks are in your future 👻

Governance ⚖️

Follow the latest governance updates from Boardroom

Highlights

The delegate election for Butter’s incentivized delegate campaign will go to Snapshot today.
Discussion during and following the Snapshot vote on e-mode parameter changes will likely lead to another proposal being posted soon.

Proposals

👻 Aave Improvement Proposals:

Configure Isolation Mode Borrowable Assets on V3 Ethereum (194). Voting ends on April 5.
Risk Parameter Updates for Aave V2 AMM Market (193). Failed April 2 with nearly 100% voting NAY.
increase supply cap for cbETH Aave Ethereum V3 (192). Succeeded on April 2 with 100% voting YAE and is queued for execution.
Add LUSD to Aave Optimism V3 pool (191). Succeeded on April 1 with 100% voting YAE and is queued for execution.
Risk Parameter Updates for Aave V3 ETH and V3 Arbitrum (190). Succeeded with 100% voting YAE and was executed on April 1.
Freeze DPI on V2 Ethereum (189). Succeeded with nearly 100% voting YAE and was executed on March 28.
Risk Parameter Updates for Aave V3 ETH Market (188). Succeeded with 100% voting YAE and was executed on March 27.

⚡️ Snapshot:

[TEMP CHECK] - Aave DAO’s $ARB Airdrop Allocation. Voting ends on April 3.
[ARFC] Add DeFi Saver to flashborrowers on Aave V3. Voting ends on April 3.
[TEMP CHECK] Aave V3 deployment on BNB Chain. Passed on Arpil 1 with nearly 100% voting YAE.
[ARCF] - Chaos Labs Risk Parameter Updates - Aave V3 Optimism. Passed on March 31 with nearly 100% voting YAE.
[ARFC] - Configure Isolation Mode Borrowable Assets - V3 Ethereum. Passed on March 31 with nearly 100% voting YAE.
[TEMP CHECK] Aave V1 Offboarding Plan. Passed on March 31 with nearly 100% voting YAE.
[ARFC] Deploy aCRV& CRV to veCRV. Voting ended on March 30 with almost 62% voting for sdCRV.
[TEMP CHECK] Polygon v2 to v3 Liquidity Migration. Passed on March 30 with more than 92% voting YAE.
[TEMP CHECK] Add support for wstETH on Polygon v3. Passed on March 30 with nearly 100% voting YAE.
[ARFC] Add LDO to Ethereum Aave v3. Passed on March 30 with nearly 100% voting YAE.
[ARFC - Temp check] “MVP” V3 deployment on ZkEVM mainnet. Passed on March 29 with 100% voting YAE.
[ARC] E-Mode Parameter Changes for v3 Avalanche, Optimism, Polygon, and Arbitrum. Voting ended on March 31 with over 52% voting Nay.
[TEMP CHECK] Aave Chan Initiative 6-month Budget Proposal. Passed on March 28 with nearly 100% voting YAE.
[ARC] Community Preference for V3 Migration Levers. Voting ends on April 5.
[ARC] Isolation Mode Recommendations for Aave v4 Avalanche, Polygon, and Arbitrum. Voting ended on March 28 with nearly 100% voting for “Aggressive.”
[ARC] Gauntlet Risk Parameter Recommendations for V3 AVAX. Passed on March 28 with nearly 100% voting YAE.