# Aave News #87

By [Aave Grants DAO](https://paragraph.com/@aavegrantsdao) · 2023-02-10

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For anyone who [has minted GHO on Goerli](https://twitter.com/stanikulechov/status/1623813895377895427), including: **Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻**

Spotlight: GHO on Goerli 🔦
===========================

![Friendly GHOst](https://storage.googleapis.com/papyrus_images/a8f76ef65d2b6ad3d55164a10a838b24a9d9f971102258e1cf7a7c9d433ca9a9.jpg)

Friendly GHOst

Aave’s native, decentralized, multi-collateral stablecoin, [GHO has launched on testnet](https://twitter.com/GHOAave/status/1623684100250021889). Any developers are encouraged to check out [the developer docs to get started building with GHO](https://docs.gho.xyz/developer-docs/overview). Any users should [mint GHO](http://gho.aave.com/) and [share any feedback with the team](https://twitter.com/0x4Graham/status/1623976137473904640)!

📻 Newly launched [Aave Radio covered GHO in their first episode](https://twitter.com/AaveRadio/status/1621233182795530240).

Protocol 📰

*   Following the launch of Aave v3, the market has already grown to over $100m with [the migration tool from bgdlabs seeing significant usage](https://governance.aave.com/t/bgd-aave-v2-v3-migration-tool/11611?u=0xbilll).
    
*   There were several on-chain votes this week. See a full recap in **Governance ⚖️.**
    
    *   [cbETH has been added to Aave v3 Ethereum](https://twitter.com/AaveAave/status/1622556344707325965).
        
    *   [AIP-150 increases the wMATIC interest rate parameters](https://app.aave.com/governance/proposal/150/) on Aave v3 Polygon. This increases the profitability of recursive borrowing strategies. Keep your eyes out for [what is happening](https://twitter.com/_khanhamzah/status/1622985926258352130) on Aave v3 Polygon (psst… [Emission\_Admins](https://app.aave.com/governance/proposal/130/)) 👀
        
    *   [Voting is live for two separate proposals](https://app.aave.com/governance/) to add rETH from Rocket Pool and USDT to Aave v3 Ethereum.
        

Ecosystem 🧉
============

*   The [ETHforAll hackathon by Devfolio](https://twitter.com/ETHIndiaco/status/1621739087270133763) is underway! [Catch a recording of the Aave workshop](https://youtube.com/live/VYh94r2AsMk?feature=share) to learn how to quickly begin building on Aave and an overview of our bounties.
    
*   Warden Finance [showcased their Liquidation Backtesting tool](https://twitter.com/warden_finance/status/1624058872787763200) that simulates historical liquidation profitability.
    
*   Llama [hosted their monthly Twitter Space](https://twitter.com/llama/status/1623707320487215104) where they walked through their recent work in the Aave ecosystem.
    
*   All Aave Grants recipients awarded from October to January are now [eligible to mint the official AGD grantee NFT credential](https://twitter.com/Gateway_xyz/status/1623020657482076174).
    
*   Gauntlet [shared a recap of their risk management work](https://twitter.com/gauntletnetwork/status/1622647137187004433) in January.
    
*   Maker [announced Spark](https://twitter.com/hexonaut/status/1623366011691859968) on top of an Aave v3 fork and [shared a proposal for a profit split with the Aave DAO](https://governance.aave.com/t/arc-spark-lend-profit-share-proposal/11615?u=0xbilll)
    

Governance ⚖️
=============

##### [**_Follow the latest governance updates from Boardroom_**](https://governance.aave.com/t/governance-weekly-recap/9937/25?u=0xbilll)

It’s (almost) all about V3.

### Proposals

#### 👻 Aave Improvement Proposals:

*   **BAL Interest Rate Curve Upgrades** ([151](https://app.aave.com/governance/proposal/?proposalId=151)). Succeeded on February 6th with 100% voting YAE and is queued for execution.
    
*   **Aave v3 Polygon wMATIC Interest Rate Update** ([150](https://app.aave.com/governance/proposal/?proposalId=150)). Succeeded on February 6th with 100% voting YAE and is queued for execution.
    
*   **Add Support for cbETH** ([149](https://app.aave.com/governance/proposal/?proposalId=149)). Succeeded on February 5th with nearly 100% voting YAE and is queued for execution.
    
*   **Interest Rate Curve Changes for Aave V2 ETH** ([148](https://app.aave.com/governance/proposal/148/)). Succeeded on February 3rd with 100% voting YAE and was executed on February 4th.
    

#### ⚡️ Snapshot:

*   **Deploy Aave V3 on Neon EVM Devnet**. A [proposal](https://snapshot.org/#/aave.eth/proposal/0xd69d9a25e888891e5daa8dc5c7838cac04d315f7011d4ea24881dbfcc504b888) to “To support Aave’s multichain expansion.”
    
*   **Add wstETH to Arbitrum Aave v3**. A [proposal](https://snapshot.org/#/aave.eth/proposal/0x402647b83c436aecbe2fe404870f08767b5509225cbe606913e50801f87f5db8) from Llama.
    
*   **CRV Interest Rate Curve Upgrade**. Llama [proposes](https://snapshot.org/#/aave.eth/proposal/0x56aaf192f5cad8277b0e7c82abad030c62bb8fcfe4f2640ce5b896ab04397c20) to “update the CRV interest rate parameters on the Aave Ethereum v2, Ethereum v3…Polygon v3, and Polygon v2 Liquidity Pools.”
    
*   **Add USDT to Ethereum V3 Market**. A [proposal](https://snapshot.org/#/aave.eth/proposal/0x81e8a39e2c0409b5aeb82e5ac367492759a60e93da15f7b64bd4560508400987) to “onboard USDT to the Ethereum v3 Liquidity Pool.”
    
*   **LDO Emission\_Admin for Ethereum, Arbitrum and Optimism v3 Liquidity Pools**. [This proposal](https://snapshot.org/#/aave.eth/proposal/0xc28c45bf26a5ada3d891a5dbed7f76d1ff0444b9bc06d191a6ada99a658abe28) passed on February 6th with nearly 100% voting “YAE.”
    
*   **Onboard rETH (rocket pool ETH) to Aave V3 ethereum market**. This [proposal](https://snapshot.org/#/aave.eth/proposal/0xb06bac2b74fb2fafcfb21492c938f03a52a389d545b9975f8dc926374e966b04) passed on February 3rd with 98.85% voting “YAE (without emode).”
    
*   **Add wstETH to Optimism Aave v3**. This [proposal](https://snapshot.org/#/aave.eth/proposal/0x0ddd9784d8ac59ffcabc8ce86d2993179e044eeb102df1644b5b58d04ff25e63) passed on February 2nd with 99.4% voting “YAE (without emode).”
    
*   **wETH Interest Rate Curve - Ethereum v2**. This [proposal](https://snapshot.org/#/aave.eth/proposal/0x9ae28e9c82c5fc0d24cf1df788094e959d99f906d11b89e455a60ee16b071d6f) passed on February 3rd with nearly 100% voting “YAE.”
    

#### 🗣 Aave Requests for Comment (ARCs):

*   **Extend Aave DAO with EIP-4824**. [A proposal](https://governance.aave.com/t/arc-extend-aave-dao-with-eip-4824/11591) to “upgrade Aave DAO to EIP-4824 by deploying a new registration contract through a contract interaction with the EIP-4824 factory maintained by DAOstar.”
    
*   **MaticX Polygon v3 Upgrade**. [A proposal](https://governance.aave.com/t/arfc-maticx-polygon-v3-upgrade/11555) 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.”
    
*   **BAL Interest Rate Curve Upgrade**. There’s been a bit of [follow up](https://governance.aave.com/t/arfc-bal-interest-rate-curve-upgrade/10484/18?u=duncand) on the risk analysis.
    
*   **Increase Borrow Cap for MAI Aave Polygon V3**. [A proposal](https://governance.aave.com/t/arfc-increase-borrow-cap-for-mai-aave-polygon-v3/11547) from the Aave Chan Initiative to “increase the MAI borrow cap to 1M MAI to reflect market demand for this asset.”
    
*   **Add Safety module support for Aave V3 Ethereum market**. The Aave Chan Initiative [proposes](https://governance.aave.com/t/arc-add-safety-module-support-for-aave-v3-ethereum-market/11524) “to extend the coverage of the Safety module to Aave V3 Ethereum Contracts.”
    
*   **Add LUSD to Ethereum V3 Market**. [This proposal](https://governance.aave.com/t/arc-add-lusd-to-ethereum-v3-market/11522), also from the Aave Chan Initiative, provides the “opportunity to onboard LUSD to the Ethereum v3 Liquidity Pool.”
    
*   **Add BAL Ethereum v3**. [A proposal](https://governance.aave.com/t/arfc-add-bal-ethereum-v3/11523) from @Llamaxyz to onboard BAL to V3 Ethereum.
    
*   **Avalanche wAVAX Interest Rate Upgrade**. Llama [presents](https://governance.aave.com/t/arfc-avalanche-wavax-interest-rate-upgrade/11561) “a proposal to amend the wAVAX interest rate parameters on the Aave Avalanche v3 Liquidity Pool.”
    
*   **Add CRV to Ethereum v3**. Llama [proposes](https://governance.aave.com/t/arfc-add-crv-to-ethereum-v3/11532) to “onboard CRV to the Ethereum v3 Liquidity Pool.”
    

#### In the Forums

**Chaos Labs** [debut](https://governance.aave.com/t/chaos-labs-parameter-recommendation-platform/11537) their parameter recommendation [platform](https://community.chaoslabs.xyz/aave/recommendations).

**Recent work updates** from [Aave Grants DAO](https://governance.aave.com/t/agd-renewal-4-recent-work-updates/11585).

Llama month four [update](https://governance.aave.com/t/llama-month-4-update/11531).

Monthly community [update](https://governance.aave.com/t/chaos-labs-monthly-community-update/11174/2?u=duncand) from @ChaosLabs.

**And Gauntlet** monthly [updates here](https://governance.aave.com/t/gauntlet-monthly-updates/11567).

**Should Aave v3** be [deployed](https://governance.aave.com/t/deploy-aave-v3-on-bnb-chain/10534/10?u=duncand) on BNB Chain?

Delegate platform [updates from](https://governance.aave.com/c/delegate-platforms/27) @lbsblockchain and @WintermuteGovernance.

**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/AaveGrants/status/1621213193086603265): February 4th to 19th

[ETHDenver](https://www.ethdenver.com/): March 2nd to March 5th

Hey Anon 👻
===========

What is your favourite Aave merch that you’ve collected?

[![User Avatar](https://storage.googleapis.com/papyrus_images/ddb82237bc88c4d5bbb25c33f2ecf3a3c4b0a5ca9f5198c28ff52265b6c29b45.png)](https://twitter.com/aave)

[Aave](https://twitter.com/aave)

[@aave](https://twitter.com/aave)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/aave/status/1624069420287926274)

Are you ready to collect the new Aave swag at [@EthereumDenver](https://twitter.com/EthereumDenver)? Show us your favorite Aave merch you've collected throughout the years. ![🤍](https://abs-0.twimg.com/emoji/v2/72x72/1f90d.png)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 91](https://twitter.com/aave/status/1624069420287926274)[

9:34 AM • Feb 10, 2023

](https://twitter.com/aave/status/1624069420287926274)

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*Originally published on [Aave Grants DAO](https://paragraph.com/@aavegrantsdao/aave-news-87)*