Aave News #85

Aave Grants
2023-01-28 19:01

For anyone who voted for v3 on Ethereum, including: Spotlight ๐Ÿ”ฆย | Protocol ๐Ÿ“ฐ | Ecosystem ๐Ÿง‰ | Governance โš–๏ธ | Events ๐Ÿ“† | Hey Anon ๐Ÿ‘ป

Spotlight ๐Ÿ”ฆ

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 itโ€™s GHO time ๐Ÿ‘ป

Friendly v3 ghost celebrating the v3 launch in the Aave-verse ๐Ÿ‘ป

Protocol ๐Ÿ“ฐ

Ecosystem ๐Ÿง‰

A lemon and an Aave ghost wearing a lemon hat celebrating the new integration ๐Ÿ‹

Governance โš–๏ธ

Follow the latest governance updates from Boardroom

Many thanks to StableNode for posting a v0 of the Aave Finance Governance Process.

Proposals

๐Ÿ‘ป Aave Improvement Proposals:

  • Aave V3 Ethereum (147). This proposal โ€œactivates 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 โ€œprocure 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 โ€œAave 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 โ€œYAEโ€ and will be executed on January 23.

  • Freeze jEUR on Aave v3 Polygon (143). This proposal succeeded with 100% voting โ€œYAEโ€ and will be executed on January 23.

  • Freeze agEUR on Aave v3 Polygon (142). This proposal failed on January 22 with nearly 100% voting โ€œNAY.โ€

โšก๏ธ Snapshot:

  • Compensate Bug Bounty Contributor. This proposal suggests that the community compensate the โ€œcontributor 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 โ€œYAE.โ€

๐Ÿ—ฃ Provide feedback on these Aave Requests for Comment (ARCs):

  • Repay Excess CRV Debt on Ethereum v2. Although almost 66% voted to โ€œuse 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 โ€œuse USDC to acquire CRVโ€ on December 16.

  • Add support for Origin Dollar (OUSD) on Ethereum V3. A proposal to add โ€œlend/borrow support for the Origin Dollar stablecoin.โ€

  • UI/UX Upgrade Governance Framework. @AaveCompanies notes that โ€œgoing 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 ๐Ÿ“†

ETHforAll Hackathon by Devfolio: February 4th to 19th ๐Ÿ’ป

Hey Anon ๐Ÿ‘ป

What was your earliest v3 deposit?

https://twitter.com/iamkakagri/status/1618987593961709570

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