Spotlight: Aaveasy & AaveEase🔦

Congrats to the winners of the Aave Grants bounties at the ETHForAll Hackathon:

Aaveasy - allows anyone to easily starting using Aave with just a social login.
AaveEase - a powerful tool for optimizing Aave transactions through innovative batch and migration features.

Protocol 📰

Aave’s risk managers were quick to act in response to the USDC depeg over the weekend: at the time of writing USDC, USDT, DAI, FRAX, and MAI on Aave v3 Avalanche were frozen and the LTV was set to 0. There has been continued discussion over whether or not to pause others but no other action has been taken and USDC is heading towards regaining it’s peg. Shout out to grantee Risk DAO for allowing anyone to monitor the situation as it was unfolding.

Other protocol updates include:

Both governance proposals for the long awaited Rescue Mission of tokens locked on Aave has passed - the second part (AIP 166) can be executed in 4 days 🎉
Aave Companies shared a recommendation for the GHO Genesis parameters for the community to discuss 👻
To help try and clarify some of the governance processes, Stablenode shared a proposal to streamline the current process.
Aave v3 was deployed on the Sepolia Testnet.
Check out a full recap of the active AIPs (12!) and Snapshot votes below or on the governance forum.

Ecosystem 🧉

Chaos Labs shared a new GHO Risk Monitoring Dashboard including an overview of collateral, usage, and GHO generated by facilitators.
Llama hosted a Space overviewing their fifth month of work since their agreement - see a full recap of what they have been up to in their governance post.
Butter is building decentralized governance systems for DAOs, and is looking for active and prospective delegates and tokenholders to participate in a pilot with Aave DAO. The successful delegate will be awarded $15k after 3 months of contributing to Aave governance—applications are now open.
Cred Protocol which provides free web3 credit scores is now live for Aave v3 across all networks. Check your Cred Score today and see how it compares to the average.

Events 📆

🇯🇵 ETHGlobal Tokyo - April 14–16

🪩 rAAVE - ?

Hey Anon 👻

Would you earn yield on PayPal through Aave?

Governance ⚖️

Follow the latest governance updates from Boardroom

Proposals 👻

Aave Improvement Proposals:

GHST Polygon V3 Soft Freeze (177). Voting ends March 13.
BUSD Offboarding Plan (176). Voting ends March 13.
CRV Interest Rate Curve Upgrade (175). Queued for execution.
Risk Parameter Updates for MKR - Aave V2 Ethereum (174).
increase supply cap for cbETH Aave Ethereum V3 (173). Failed quorum on March 11.
stMATIC SupplyCap Increase Polygon v3 (172). Queued for execution.
Risk Parameter Updates Aave V3 Arbitrum (171). Succeeded with 100% voting YAE and was executed on March 11.
Supply/Borrow Cap Updates V3 Arbitrum, Optimism, Polygon (170). Succeeded with 100% voting YAE and was executed on March 11.
Increase supply cap for wstETH Aave Arbitrum V3 (169). Succeeded with 100% voting YAE and was executed on March 10.
Add CRV to Ethereum v3 (168). Succeeded with 100% voting YAE and was executed on March 8.
MaticX Risk Parameter & Interest Rate Upgrade (167). Succeeded with 100% voting YAE and was executed on March 6.
Rescue Mission Phase 1 Long Executor (166). Queued for execution.

⚡️ Snapshot:

Deploy BAL & aBAL from the Collector Contract. Voting 1 starts on March 13.
Extend Safety Module Coverage to Polygon v3. Voting starts on March 13.
Onboard AgEUR to Aave Optimism V3. Voting ends on March 14.
Onboard AgEUR to Aave Arbitrum V3. Voting ends on March 14.
Platypus Finance Rescue Mission. Voting ends on March 14.
Extend Aave DAO with EIP-4824. Voting ends on March 14.
Add LUSD to Optimism V3 Market. Voting ends on March 13.
[Grant OP Emission_Admin for Optimism v3 Liquidity Pool to Lido DAO. Voting ends on March 13.
Add UNI to Ethereum v3. Voting ends on March 13.
Add SNX to Ethereum v3. Voting ends on March 13.
Add MKR to Ethereum v3. Voting ends on March 13.
Whitelist Hashflow Wormhole For V3 Portals. Passed on March 11 with nearly 100% voting YAE.
Chaos Labs Risk Parameter Updates - Aave V3 Optimism - 2023.02.28. Passed on March 10 with nearly 100% voting YAE.
Activate emode for cbETH Aave Ethereum V3. Passed on March 10 with nearly 100% voting YAE.
BUSD Offboarding Plan. Passed on March 9 with nearly 100% voting YAE.

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

Create an Excessive Debt Facility.
Migrate & Consolidate Polygon Treasury.
Gauntlet risk parameter updates for Arbitrum, Optimism, and Polygon.
Add Support for LDO on Ethereum V3. Gauntlet and Chaos Labs present risk analyses.

Launch Aave v3 on Celo. Gauntlet presents risk analysis.
MaticX SupplyCap Increase Polygon v3.