Aave News #85

For anyone who voted for v3 on Ethereum, including: Spotlight ๐ฆย | Protocol ๐ฐ | Ecosystem ๐ง | Governance โ๏ธ | Events ๐ | Hey Anon ๐ป
Spotlight ๐ฆ
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 itโs GHO time ๐ป
Protocol ๐ฐ
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
Ecosystem ๐ง
Aave Grants DAO has been renewed for 6 more months! Thanks to everyone who participated in the conversation and supported AGD along the way ๐ป
BEN, a leading creator of engaging blockchain education content, released their first video on Aave ๐
Lemon Argentina integrated with Aave, bringing DeFi to over 1.7 million users in Brazil and Argentina ๐
Governance โ๏ธ
Follow the latest governance updates from Boardroom
Many thanks to StableNode for posting a v0 of the Aave Finance Governance Process.
Proposals
๐ป Aave Improvement Proposals:
Aave V3 Ethereum (147). This proposal โactivates the Aave V3 Ethereum pool (3.0.1), by completing all the initial setup and listing WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE.โ (See further discussion of the wETH and wstETH interest rate curve here.)
Repay Excess CRV Debt on Ethereum v2 (146). A proposal to โprocure 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.โ
Renew Aave Grants DAO (145). This proposal will provide โAave Grants DAO (AGD) with $3.25m for the next two quarters (Q1 and Q2 2023) to fund more projects that benefit AAVE,โ as described in the recent Snapshot.
Ethereum v2 Collector Contract Consolidation (144). This proposal succeeded with 100% voting โYAEโ and will be executed on January 23.
Freeze jEUR on Aave v3 Polygon (143). This proposal succeeded with 100% voting โYAEโ and will be executed on January 23.
Freeze agEUR on Aave v3 Polygon (142). This proposal failed on January 22 with nearly 100% voting โNAY.โ
โก๏ธ Snapshot:
Compensate Bug Bounty Contributor. This proposal suggests that the community compensate the โcontributor for risk analysis conducted during market volatility.โ
CRV Interest Rate Curve Upgrade. See the most recent discussion of this proposal for a suggestion to split this proposal into four separate ones.
Interest Rate Curve Changes for Aave V2 ETH. This proposal passed on January 20th with 100% voting โYAE.โ
๐ฃ Provide feedback on these Aave Requests for Comment (ARCs):
Repay Excess CRV Debt on Ethereum v2. Although almost 66% voted to โuse USDC to acquire CRVโ on December 16, the market has shifted considerably and there considerations are [ARFC] Repay Excess CRV Debt on Ethereum v2. Almost 66% voted to โuse USDC to acquire CRVโ on December 16.
Add support for Origin Dollar (OUSD) on Ethereum V3. A proposal to add โlend/borrow support for the Origin Dollar stablecoin.โ
UI/UX Upgrade Governance Framework. @AaveCompanies notes that โgoing forward, prospective integrators should reach out to Aave Companies at integrators@aave.com to discuss the process for integrations.โ
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
Delegate platform updates from @lbsblockchain, @fig (Flipside), and StableNode.
Governance research done by @martin of ChainSafe Systems has sparked an interesting discussion of what is being worked on and what can still improve.
Financial report for Q4 2022, provided by@Llamaxyz.
On Twitter
Who are the active solo DAO governors in Aave?
Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom
Events ๐
ETHforAll Hackathon by Devfolio: February 4th to 19th ๐ป
Hey Anon ๐ป
What was your earliest v3 deposit?