Spotlight: GHO Explainer Videos 🔦

After the release of GHO on Testnet last week, Cryptoversidad shared a series of five explainer videos in English and Spanish. Check them out on Youtube or Lenstube! The series includes an overview on stablecoins, an introduction to GHO, and an explanation of facilitators, the risks and the value of GHO. GHO give them a watch!

GHO Explainer Videos Announcement with a Friendly GHOst

Protocol 📰

Aave governance continued to see a ton of activity. rETH went live on v3, bgdlabs shared a proposal for EIP-4626 compliant stataToken (static aToken), and conflicting views arose on the discussion and vote to list sfrxETH from Frax Protocol, among other governance discussions, proposals and votes. See a full overview by Boardroom in Governance ⚖️
One of the more engaging discussions on the forum this week is around how Aave DAO should deploy the aCRV it has earned. Llama started the discussion and outlined two options: locking CRV for veCRV via Curve Finance or staking CRV on Yearn for st-yCRV. Several community members then proposed sdCRV by StakeDAO as a third option. Llama shared their thoughts, maintaining that veCRV or st-yCRV are better options for Aave DAO. Join the discussion and participate!

Rocketpool and Aave Logos Falling in Love in the Clouds

Ecosystem 🧉

Please give a warm Aave Grants fam welcome to the seven new Aave Grants recipients: Gitcoin FDD Workstream, SimBull, Calyptus, Flaex, Aave QL, Alphaday & Buildoor 👻
Please take a moment to share any feedback as a community member and participate in the community health pulse survey by RnDAO ✅
Congratulations to AGD grantee and our favourite DCA platform, Mean Finance for reaching $2M in TVL 🎉
Take a look at how v3 has been performing on Polygon, Avalanche and Optimism with user retention dashboards and analysis from DappLooker 📊
Chaos Labs shared that their v3 Collateral At Risk Dashboard now supports Ethereum v3 🚀
Share feedback and vote on a framework from Gauntlet for chains outside of Ethereum mainnet 📢

Governance ⚖️

Follow the latest governance updates from Boardroom

👻 Aave Improvement Proposals:

Add rETH to Aave Ethereum V3 pool (153). Succeeded with 100% voting YAE and was executed on February 13th.
Add USDT to Aave Ethereum V3 pool (152). Succeeded with 88% voting YAE and was executed on February 13th.
BAL Interest Rate Curve Upgrades (151). Succeeded with 100% voting YAE and was executed on February 7th.
Aave v3 Polygon wMATIC Interest Rate Update (150). Succeeded with 100% voting YAE and was executed on February 7th.
Add cbETH to Aave V3 Ethereum (149). Succeeded with nearly 100% voting YAE and was executed on February 7th.

⚡️ Snapshot:

Onboarding sfrxETH to Aave V3 Ethereum Market. Voting ends on February 14th.
Add LUSD to Ethereum V3. Passed on February 13th with nearly 100% voting “YAE.”
Increase borrow cap for MAI Aave Polygon V3. P assed on February 13th with nearly 100% voting “YAE.”
Deploy Aave V3 on Neon EVM Devnet. Failed on February 10th with over 99% voting “NAY.”
Add wstETH to Arbitrum Aave v3. Passed on February 9th with nearly 100% voting “YAE - with Ethereum eMode.”
CRV Interest Rate Curve Upgrade. Passed on February 9th with nearly 100% voting “YAE.”
Add USDT to Ethereum V3 Market. Passed on February 7th with nearly 100% voting “YAE.”

🗣 Provide feedback on these Aave Requests for Comment (ARCs):

Deploy aCRV & CRV to veCRV. This proposal “presents Aave with two options for managing the CRV holding, with @Llamaxyz recommending to lock the CRV for veCRV via Curve Finance.”
Chaos Labs Supply and Borrow Cap Updates - Aave V3 Polygon and Arbitrum. A proposal to “adjust five (7) total risk parameters, including Supply Cap and Borrow Cap, across seven (7) Aave V3 Polygon and Arbitrum assets.”
Freeze BUSD on Aave V2. A proposal from Aave Chan Initiative “following the recent developments between Paxos (minter of BUSD) and the SEC.”
Deploy Aave V3 on BNB Chain. The Aave Chan Initiative expresses reservations.
Add CRV to Ethereum v3. Llama proposes to “onboard CRV to the Ethereum v3 Liquidity Pool.” Discussion continues, risk analysis to come.
Add support for BADGER on Aave V3. Llama provides a risk assessment. Chaos Labs follows up to express reservations.
Incentivized Delegate Campaign (3-month). @noturhandle from Butter proposes “a 3-month incentivized delegate pilot for Aave DAO operated by Butter.”
Add BAL Ethereum v3. Guantlet provides parameter recommendations for Llama’s proposal.
Aave Protocol Plan for Shanghai Upgrade. Gauntlet provides an additional update.
MaticX Polygon v3 Upgrade. A proposal to update the “MaticX Reserve on Polygon to facilitate an expansion of the MaticX/wMATIC loop strategy in the anticipation of rewards being introduced in the near future.” Discussion continues.
Gauntlet Borrow/Supply Cap Updates for Aave v3 OP and Aave v3 AVAX. Discussion continues.
Avalanche wAVAX Interest Rate Upgrade. Gauntlet will soon provide a risk analysis.
Gauntlet Risk Parameter Updates for Aave V2 ETH. Gauntlet has “identified an opportunity to reduce liquidation bonuses on three (3) Aave V2 ETH assets without adding outsized market risk.”
Spark Lend Profit Share Proposal. A proposal for “profit-sharing with the Aave community” from the people behind Spark Lend, which was developed from the (open source) Aave v3 codebase.