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ICYMI: Aave Companies posted a request for comment that proposes to launch GHO, an Aave native stablecoin. If approved through the usual process by the Aave DAO, GHO will become live on Ethereum mainnet.

The Risk Stewards — Chaos Labs and Gauntlet — remain quite active in their use of the streamlined process recently approved by governance — while upholding standards.

Aave Improvement Proposals

• Polygon Supply Cap Update (241)

  • Summary: This proposal aims to increase the stMATIC and MaticX Supply Caps on Polygon to 40M units and 38M units respectively. The current utilization of these supply caps has reached 100%, causing difficulties for strategies built on the Aave Protocol to deposit into these reserves. Increasing the supply caps will enable users to deposit funds and facilitate the creation of yield aggregation products, addressing frustrations experienced by communities that have invested resources in building on Aave v3.

  • Proposer: Llama

  • Status: Ends on June 14

• Add LUSD to Arbitrum Aave V3 (240)

  • Summary: This proposal suggests adding LUSD, a decentralized stablecoin backed by ETH, to Aave Arbitrum v3 with collateral disabled (LTV 0%) but borrowing enabled. The addition of LUSD to Arbitrum aims to promote stablecoin diversity and leverage the trustless nature of Liquidity Protocol. LUSD has overcollateralization mechanisms and is currently listed on Ethereum v3, Ethereum v2, and Optimism v3 deployments.

  • Proposer: Llama

  • Status: Failed to reach quorum.

• Deprecate Aave V2 AMM Market (

On Snapshot

• [ARFC] Add USDP to Aave V3 Ethereum. Ended on June 11 with 53.7% voting YAE.

• [ARFC] Add GUSD to Aave V3 Ethereum. Ended on June 11 with 99.78% voting YAE.

• [ARFC] Add ARB to Arbitrum Aave v3. Ended on June 9 with 86.92% voting YAE.

• [TEMP CHECK] Aave V3 Deployment on Base. Ended on June 9 with 84.2% voting YAE.

• [ARFC] Polygon v3 Supply Cap Update 2023.05.21. Ended on June 8 with 82.73% Voting YAE.

In discussion

• [ARFC] Add native USDC to the Arbitrum V3 pool

• [ARFC] Increase wstETH supply cap on Optimism

• [ARFC] Emode Risk Parameters Aave ETH V3 Pool Update

• [ARFC] Use Risk Stewards to Increase wstETH Supply Cap

• [ARFC] - Risk Stewards - Increase Borrow Cap WETH Arbitrum

• [ARFC] Gas Rebate for Recognized Delegates

• [ARFC] USDT Risk Parameters Update Aave V3 ETH Pool

• [ARFC] GHO Mainnet Launch

• Chaos Labs alerts us to high price volatility and liquidations, likely due to recent SEC filings against Binance and Coinbase.

• @Gauntlet provides a recap of their activities during the month of May in the categories of Quantitative Research, Recommendations, Risk Modeling, Risk Monitoring & Alerting, and Feature Upgrades.

• @noturhandle presents @TokenLogic’s delegate activity report for the first half of May — an outcome of the incentivized delegate campaign.

• Check out delegate platform updates from @lbsblockchain, @WintermuteGovernance, and @0xkeyrock.eth.

• The discussion of Gauntlet’s recommendation of a Synchronicity Price Adapter “killswitch” for LST emode continues.

• @bgdlabs presents a technical analysis of the Optimism Bedrock upgrade — pointing out that it “should not affect the Aave system.”

• Aave Grants DAO highlights grantees Silent Protocol and Anthias.

[TEMP CHECK] Pyth to Support AAVE on Optimism as a Secondary Oracle

[TEMP CHECK] Aave v3 MVP deployment on Scroll mainnet

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