# Aave News #88

By [Aave Grants DAO](https://paragraph.com/@aavegrantsdao) · 2023-02-17

---

For anyone who is [actively contributing in the Aave community](https://twitter.com/StaniKulechov/status/1626346145466269696), including: **Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻**

Spotlight: GHO Explainer Videos 🔦
==================================

After the [release of GHO on Testnet](https://twitter.com/GHOAave/status/1623684100250021889) last week, Cryptoversidad shared a series of five explainer videos in [English](https://twitter.com/cryptoversidad/status/1625323421075705857) and [Spanish](https://twitter.com/cryptoversidad/status/1625322294003236864). 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](https://lenstube.xyz/channel/cryptoversidad.lens)!

![GHO Explainer Videos Announcement with a Friendly GHOst](https://storage.googleapis.com/papyrus_images/0c01bdaf549c8790dc3b692fbb52c85591fc2b7297f6367a9d1933035b94e07b.jpg)

GHO Explainer Videos Announcement with a Friendly GHOst

Protocol 📰
===========

*   Aave governance continued to see a ton of activity. [rETH went live on v3](https://twitter.com/Rocket_Pool/status/1625135866246225921), [bgdlabs shared a proposal for EIP-4626 compliant stataToken (](https://governance.aave.com/t/bgd-statatoken-v3/11894?u=0xbilllhttps://governance.aave.com/t/bgd-statatoken-v3/11894?u=0xbilll)[_static aToken_](https://governance.aave.com/t/bgd-statatoken-v3/11894?u=0xbilll)[)](https://governance.aave.com/t/bgd-statatoken-v3/11894?u=0xbilllhttps://governance.aave.com/t/bgd-statatoken-v3/11894?u=0xbilll), and conflicting views arose on [the discussion and vote to list sfrxETH from Frax Protocol](https://governance.aave.com/t/arc-proposal-onboarding-sfrxeth-from-frax-protocol-to-aave-v3-ethereum-market/11510/9?u=0xbilll), among other governance discussions, proposals and votes. See a full overview by Boardroom in **Governance ⚖️**
    
*   One of the more [engaging discussions](https://governance.aave.com/t/arfc-deploy-acrv-crv-to-vecrv/11628/40?u=0xbilll) 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](https://governance.aave.com/t/arfc-deploy-acrv-crv-to-vecrv/11628?u=0xbilll): 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](https://governance.aave.com/t/arfc-deploy-acrv-crv-to-vecrv/11628/10?u=0xbilll). [Llama shared their thoughts](https://governance.aave.com/t/arfc-deploy-acrv-crv-to-vecrv/11628/12?u=0xbilll), 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](https://storage.googleapis.com/papyrus_images/e0e14839030b25fb4d6e4f1784c61c69a32f817d8c275ef67cde5a147daf863a.jpg)

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](https://twitter.com/AaveGrants/status/1626286670948765697): 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](https://discord.com/channels/602826299974877205/619170408352055306/1073415675495858316) by RnDAO ✅
    
*   Congratulations to AGD grantee and our favourite DCA platform, [Mean Finance for reaching $2M in TVL](https://twitter.com/mean_fi/status/1626303232774672384) 🎉
    
*   Take a look at how v3 has been performing on Polygon, Avalanche and Optimism with [user retention dashboards and analysis from DappLooker](https://twitter.com/dapplooker/status/1625881822176624646) 📊
    
*   Chaos Labs shared that [their v3 Collateral At Risk Dashboard now supports Ethereum v3](https://twitter.com/chaos_labs/status/1625458226912235521) 🚀
    
*   Share feedback and vote on [a framework from Gauntlet for chains outside of Ethereum mainnet](https://snapshot.org/#/aave.eth/proposal/0xb4c756ac701b5cbc0ec2d832652e4f1c820aa40f7d9be18eb81f87080a52c5f1) 📢
    

Governance ⚖️
=============

##### Follow the latest governance updates from Boardroom

### 👻 Aave Improvement Proposals:

*   **Add rETH to Aave Ethereum V3 pool** ([153](https://app.aave.com/governance/proposal/?proposalId=153)). Succeeded with 100% voting YAE and was executed on February 13th.
    
*   **Add USDT to Aave Ethereum V3 pool** ([152](https://app.aave.com/governance/proposal/?proposalId=152)). Succeeded with 88% voting YAE and was executed on February 13th.
    
*   **BAL Interest Rate Curve Upgrades** ([151](https://app.aave.com/governance/proposal/151/)). Succeeded with 100% voting YAE and was executed on February 7th.
    
*   **Aave v3 Polygon wMATIC Interest Rate Update** ([150](https://app.aave.com/governance/proposal/150/)). Succeeded with 100% voting YAE and was executed on February 7th.
    
*   **Add cbETH to Aave V3 Ethereum** ([149](https://app.aave.com/governance/proposal/?proposalId=149)). Succeeded with nearly 100% voting YAE and was executed on February 7th.
    

### ⚡️ Snapshot:

*   **Onboarding sfrxETH to Aave V3 Ethereum Market**. [Voting](https://snapshot.org/#/aave.eth/proposal/0x243feae61d40e73a4a88c6c581bfe74a5899e10b2bf01b04d0479a3c94b7e581) ends on February 14th.
    
*   **Add LUSD to Ethereum V3**. [Passed](https://snapshot.org/#/aave.eth/proposal/0xda3519f11e2308239d5f179b2579fe921b2a421eb752aba959779ee9ecea0d69) on February 13th with nearly 100% voting “YAE.”
    
*   **Increase borrow cap for MAI Aave Polygon V3**. [P](https://snapshot.org/#/aave.eth/proposal/0xda3519f11e2308239d5f179b2579fe921b2a421eb752aba959779ee9ecea0d69)[assed](https://snapshot.org/#/aave.eth/proposal/0xe1619dbffa3b6075f3c06308d45d3fb2260d1d0e93fee3eeec4ab84a98c4511c) on February 13th with nearly 100% voting “YAE.”
    
*   **Deploy Aave V3 on Neon EVM Devnet**. [Failed](https://snapshot.org/#/aave.eth/proposal/0xd69d9a25e888891e5daa8dc5c7838cac04d315f7011d4ea24881dbfcc504b888) on February 10th with over 99% voting “NAY.”
    
*   **Add wstETH to Arbitrum Aave v3**. [Passed](https://snapshot.org/#/aave.eth/proposal/0x402647b83c436aecbe2fe404870f08767b5509225cbe606913e50801f87f5db8) on February 9th with nearly 100% voting “YAE - with Ethereum eMode.”
    
*   **CRV Interest Rate Curve Upgrade**. [Passed](https://snapshot.org/#/aave.eth/proposal/0x56aaf192f5cad8277b0e7c82abad030c62bb8fcfe4f2640ce5b896ab04397c20) on February 9th with nearly 100% voting “YAE.”
    
*   **Add USDT to Ethereum V3 Market**. [Passed](https://snapshot.org/#/aave.eth/proposal/0x81e8a39e2c0409b5aeb82e5ac367492759a60e93da15f7b64bd4560508400987) on February 7th with nearly 100% voting “YAE.”
    

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

*   **Deploy aCRV & CRV to veCRV**. [This proposal](https://governance.aave.com/t/arfc-deploy-acrv-crv-to-vecrv/11628) “presents Aave with two options for managing the CRV holding, with [@Llamaxyz](https://governance.aave.com/u/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](https://governance.aave.com/t/arc-chaos-labs-supply-and-borrow-cap-updates-aave-v3-polygon-and-arbitrum-2023-02-07/11605) 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](https://governance.aave.com/t/arfc-freeze-busd-on-aave-v2/11842) 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](https://governance.aave.com/t/deploy-aave-v3-on-bnb-chain/10534/11).
    
*   **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.” Discussion continues, risk analysis to come.
    
*   **Add support for BADGER on Aave V3**. Llama [provides a risk assessment](https://governance.aave.com/t/arc-add-support-for-badger-on-aave-v3/10377/15). Chaos Labs follows up to express reservations.
    
*   **Incentivized Delegate Campaign (3-month)**. [@noturhandle](https://governance.aave.com/u/noturhandle) from Butter [proposes](https://governance.aave.com/t/arc-incentivized-delegate-campaign-3-month/11732) “a 3-month incentivized delegate pilot for Aave DAO operated by Butter.”
    
*   **Add BAL Ethereum v3**. Guantlet provides [parameter recommendations](https://governance.aave.com/t/arfc-add-bal-ethereum-v3/11523/5) for Llama’s proposal.
    
*   **Aave Protocol Plan for Shanghai Upgrade**. Gauntlet provides an [additional update](https://governance.aave.com/t/arc-aave-protocol-plan-for-shanghai-upgrade/11323/4).
    
*   **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.” Discussion continues.
    
*   **Gauntlet Borrow/Supply Cap Updates for Aave v3 OP and Aave v3 AVAX**. [Discussion](https://governance.aave.com/t/arc-gauntlet-borrow-supply-cap-updates-for-aave-v3-op-and-aave-v3-avax-2023-01-27/11488/2) continues.
    
*   **Avalanche wAVAX Interest Rate Upgrade**. Gauntlet will soon [provide](https://governance.aave.com/t/arfc-avalanche-wavax-interest-rate-upgrade/11561/2) a risk analysis.
    
*   **Gauntlet Risk Parameter Updates for Aave V2 ETH**. [Gauntlet](https://governance.aave.com/t/arc-gauntlet-risk-parameter-updates-for-aave-v2-eth-2023-02-09/11719) 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](https://governance.aave.com/t/arc-spark-lend-profit-share-proposal/11615) for “profit-sharing with the Aave community” from the people behind Spark Lend, which was developed from the (open source) Aave v3 codebase.
    

### In the Forums

**Financial report** for January 2023, [provided by](https://governance.aave.com/t/january-2023-financial-report/11722) Llama.

**Delegate platform** [updates from](https://governance.aave.com/c/delegate-platforms/27) [@lbsblockchain](https://governance.aave.com/u/lbsblockchain), [@WintermuteGovernance](https://governance.aave.com/u/wintermutegovernance), and [@Kene\_StableNode](https://governance.aave.com/u/kene_stablenode).

**Risk parameter recommendations** for new asset listings. [@John\_TV\_Locke](https://governance.aave.com/u/john_tv_locke) from Messari presents some [observations](https://governance.aave.com/t/risk-parameter-recommendations-for-new-asset-listings/11479/4).

**DefiSafety** presents an idea for [quality certificates](https://governance.aave.com/t/defisafety-quality-certificates/11593).

**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 👻

Share this with someone you would never ghost!

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

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Collect on Lens: [lenster.xyz/posts/0x02-0x32](https://t.co/yeFpwCv9Ee)

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11:38 AM • Feb 14, 2023

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*Originally published on [Aave Grants DAO](https://paragraph.com/@aavegrantsdao/aave-news-88)*