# Aave News #84 By [Aave Grants DAO](https://paragraph.com/@aavegrantsdao) · 2023-01-21 --- For anyone who has [explored our Community Resources page](https://aavegrants.org/community-resources), including: **Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻** Spotlight: Aave Grants DAO Renewal 🔦 ===================================== After receiving almost unanimous support with 527K 'YAE' votes, [the proposal to renew Aave Grants for six more months has move to an AIP](https://app.aave.com/governance/proposal/?proposalId=145). Voting is live now for three days. [This is Aave Grants’ fourth proposal](https://governance.aave.com/t/updated-proposal-aave-grants-dao-renewal/11289?u=0xbilll) to drive development, attract the best contributors, and ensure Aave's long-term growth by funding talented builders and cultivating Aave's culture 👻 ![Image showing three friendly ghosts from Aave Grants DAO](https://storage.googleapis.com/papyrus_images/4295c01b594ecab224a9a0037f991c4e921a9fdacf78444741289c7adee2c80a.jpg) Image showing three friendly ghosts from Aave Grants DAO While you’re voting, [three other AIPs are currently live](https://app.aave.com/governance/): one to [consolidate the Aave v2 Collector Contract holdings](https://governance.aave.com/t/arfc-ethereum-v2-collector-contract-consolidation/10909?u=0xbilll), and [two in response to the Midas protocol exploit](https://governance.aave.com/t/jeur-incident-plan-of-action/11379). Ecosystem 🧉 ============ * [Aave Companies deployed Aave v3.0.1 across testnets](https://twitter.com/0x4Graham/status/1615791397482729490): Goreli, Mumbai, OP and Arbitrum. You can try it out from the main Aave UI by toggling to ‘Testnet mode’. There are a [variety of changes in the new version](https://github.com/aave/aave-v3-core/pull/701#issuecomment-1357436401), which sets the ground work for… * An [on-chain vote to launch Aave v3 on Ethereum will go live this upcoming week](https://governance.aave.com/t/bgd-aave-v3-ethereum-new-deployment-vs-aave-v2-upgrade/9990/17?u=0xbilll)! If the vote is successful, execution will happen on Friday, January 27th. ![Image showing the latest Aave v3 update from bgdlabs](https://storage.googleapis.com/papyrus_images/6b866a2a4f84f5d50da9f03970b81c9e37bdd03af4783f4479e51867dd62f995.png) Image showing the latest Aave v3 update from bgdlabs * Following a [successful on-chain vote](https://app.aave.com/governance/proposal/141/), OP has been added to Aave v3. Read more about this and other proposal in **Governance ⚖️**. * [We officially announced ten Aave Grantees from December](https://twitter.com/AaveGrants/status/1616571766981394434)! Congrats to all the teams: Block Analitica, Ethereum Climate Platform, Radish, Tookey, Linen Wallet, DeFi Education Program, Blockpay, DeFunds.co, Invictus Labs & Valha. Check out each of the teams and give them a ghostly Aave Grants welcome 👻 ![Image announcing ten new grant recipients from Aave Grants DAO](https://storage.googleapis.com/papyrus_images/117e3ccdb126afaff5a9c6f60bfaf439db50eea3bbb2dc9a500bd07e925b8a67.jpg) Image announcing ten new grant recipients from Aave Grants DAO * [Projection Finance’s alpha is live for Aave v3 Avalanche](https://twitter.com/projection_defi/status/1616385796759494657)! [Learn more on the governance forum,](https://governance.aave.com/t/projection-finance-alpha-aave-v3-avalanche/11276/2) sign up to check out their simulation platform and provide any feedback 🚀 * In case you missed it, [all Aave Grant recipients are now eligible to claim a Lens profile handle](https://twitter.com/AaveGrants/status/1616107486377041923). Once you get your handle, drop us a follow at AaveGrants.lens 🌿 * [Llama shared the Q4 Financials for Aave](https://twitter.com/llama/status/1616457722383466507) including total deposits, a full income statement and treasury balances on each chain 🦙 * [Oasis Multiply is improving the experience for Aave users](https://twitter.com/oasisdotapp/status/1615385870210830336) by enabling them to immediately utilize borrowed USDC to buy more collateral 🌴 Governance ⚖️ ============= [**_Follow the latest governance updates from Boardroom_**](https://governance.aave.com/t/governance-weekly-recap/9937/25?u=0xbilll) Is v3 [coming to Ethereum](https://twitter.com/0x4Graham/status/1614711159533469696?s=20&t=aK435p65YFSwI2DvskYaoQ) this week? Here’s [the process](https://governance.aave.com/t/bgd-aave-v3-ethereum-new-deployment-vs-aave-v2-upgrade/9990/16). ### 👻 Aave Improvement Proposals (AIPs) * Add OP to Aave v3 on Optimism ([141](https://app.aave.com/governance/proposal/141/)). This proposal passed with 100% voting “YAE” and was executed on January 14. ### ⚡️ Snapshot Votes * \[ARC\] Aave Ethereum V3 market initial onboarded assets. This [proposal](https://snapshot.org/#/aave.eth/proposal/0xc31254fac1369090cea7c0105cbc6381b72189c038391996f855708ff2e0c02e) ended on January 14 with 85% voting in favor of Chaos Labs’ approach. * Enable Search by UNS + ENS Domains. This [proposal](https://snapshot.org/#/aave.eth/proposal/0xc63da6ee5a15c4bb6db7f9352c7b029d8206bcebca96aff1c7d26ec11b95a253) ended on January 15 with almost 54% voting “YAE.” * \[Updated\] Aave Grants DAO Renewal. This [proposal](https://snapshot.org/#/aave.eth/proposal/0x194b68a5319b074065e38fcb0bd96e8e8b6ce15870844593e79750605a609109) passed on January 12 with almost 100% voting “YAE.” ### 🗣 Provide feedback on these Aave Requests for Comment (ARCs) * \[ARC\] onboard rETH (rocket pool ETH) to Aave V3 ethereum market. An “[opportunity](https://governance.aave.com/t/arc-onboard-reth-rocket-pool-eth-to-aave-v3-ethereum-market/11371) to add rETH to the Ethereum V3 market as a reserve.” * \[ARFC\] wETH & wstETH Interest Rate Curve - Ethereum Network. A [proposal](https://governance.aave.com/t/arfc-weth-wsteth-interest-rate-curve-ethereum-network/11372) from [@Llamaxyz](https://governance.aave.com/u/llamaxyz) “to amend wETH and wstETH interest rate parameters on the v2 and v3 deployments.” * \[ARC\] Compensate Bug Bounty Contributor. [Gauntlet suggests](https://governance.aave.com/t/arc-compensate-bug-bounty-contributor/11357) that the community compensate the “contributor for risk analysis conducted during market volatility” — specifically related to the REN asset. * \[ARC\] Add Add wstETH to Aave V3 on Optimism. [@Pauljlei](https://governance.aave.com/u/pauljlei) provides [parameter recommendations](https://governance.aave.com/t/arc-add-wsteth-to-aave-v3-on-optimism/10932/2). * \[ARFC\] CRV Interest Rate Curve Upgrade. A [proposal from Llama](https://governance.aave.com/t/arfc-crv-interest-rate-curve-upgrade/11337) to update “CRV interest rate parameters on the Aave Ethereum v2, Ethereum v3 (when deployed), Polygon v3, and Polygon v2 Liquidity Pools.” * \[ARC\] Aave Protocol Plan for Shanghai Upgrade. Gauntlet [kicks off the discussion](https://governance.aave.com/t/arc-aave-protocol-plan-for-shanghai-upgrade/11323) around “potential actions the Aave community can take.” * \[ARC\] ETH Interest Rate Curve Update. Llama [posts a reminder](https://governance.aave.com/t/arc-eth-interest-rate-curve-update/10580/10) of what is to be implemented when V3 is deployed on Ethereum. * \[ARC\] Gauntlet Risk Parameter Updates for Aave V2 ETH (2023-01-12). [No changes suggested](https://governance.aave.com/t/arc-gauntlet-risk-parameter-updates-for-aave-v2-eth-2023-01-12/11350) for the week, but position analysis is presented. * Launch Aave V3 on Celo. The question continues to be [discussed](https://governance.aave.com/t/launch-aave-v3-on-celo/11059/14). * \[ARC\] Add support for cbETH. With Aave V3 launch coming, [@AndrewA](https://governance.aave.com/u/andrewa) would like to [take up discussion](https://governance.aave.com/t/arc-add-support-for-cbeth/10425/23) again. ### In the Forums Continuous formal verification [report for December 2022](https://governance.aave.com/t/security-and-agility-of-aave-smart-contracts-via-continuous-formal-verification/10181/12) provided by Certora. Delegate platform [updates from](https://governance.aave.com/c/delegate-platforms/27) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain), [@CambridgeBlockchain](https://governance.aave.com/u/cambridgeblockchain), and the Aave Chan Initiative. Collaboration framework for risk managers. [Progress appears](https://governance.aave.com/t/aave-risk-managers-collaboration-framework/11278/2) to have been made. Aave Grants DAO presents its [work update](https://governance.aave.com/t/agd-recent-work-update-thread/9156/18) for December 2022, from [@0xmigi](https://governance.aave.com/u/0xmigi). ### On Twitter A thread from Certora about the [formal verification](https://twitter.com/CertoraInc/status/1615031250967838720?s=20&t=aK435p65YFSwI2DvskYaoQ) process. BGD Labs’ [technical analysis](https://twitter.com/bgdlabs/status/1614995825498914817?s=20&t=aK435p65YFSwI2DvskYaoQ) of expanding to Metis. Check out the Llama <> Aave [Month 3 update](https://twitter.com/llama/status/1613566022589489152?s=20&t=aK435p65YFSwI2DvskYaoQ). **Quick Gov Links**: [Governance FAQ](https://docs.aave.com/faq/governance) | [Governance Docs](https://docs.aave.com/developers/guides/governance-guide) | [Discord Governance Channel](https://discord.com/channels/602826299974877205/605528212239286312) | [Snapshot](https://snapshot.org/#/aave.eth) | [AIPs](https://app.aave.com/governance/) | [Aave on Boardroom](https://boardroom.io/aave/overview) Events 📆 ========= [ETHforAll Hackathon by Devfolio](https://twitter.com/ETHIndiaco/status/1616070588640157697): February 4th to 19th 💻 ![Image showing the newest partner for ETHforAll, Aave Grants DAO.](https://storage.googleapis.com/papyrus_images/4637e75f33985cda659d336071e266ef1b4a6dbdd797c021503ca60b45086f1b.jpg) Image showing the newest partner for ETHforAll, Aave Grants DAO. Hey Anon 👻 =========== Do you know how to [properly exit a position on Aave](https://twitter.com/lemiscate/status/1614170698238332928)? --- *Originally published on [Aave Grants DAO](https://paragraph.com/@aavegrantsdao/aave-news-84)*