# Aave News #93

By [Aave Grants DAO](https://paragraph.com/@aavegrantsdao) · 2023-03-28

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#### New February Grantees, v3 to Launch on Metis, Butter Delegate Election, Aave DAO's ARB Allocation, and More.

For anyone who has [May 14th marked on their calendar](https://twitter.com/StaniKulechov/status/1639413181251567616), including: **Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Events 📆 | Hey Anon 👻 | Governance ⚖️**

Spotlight 🔦
============

Big congrats to Projection Finance, CIAN, 1Delta DAO, DeFiSafety, Butter, Colledge, SlothyFi, Cetra Finance, Weave & Franklin DAO who have been officially announced as the latest cohort of Aave Grantees 🎉👻

Check out the unique yield strategies, a governance experiment, research, tooling, an innovative margin platform and other projects that [each grantee is building along with a wider February update from Aave Grants](https://governance.aave.com/t/agd-renewal-4-recent-work-updates/11585/2?u=0xbilll).

Protocol 📰
===========

*   After a successful governance vote, [Aave v3 will be launching on Metis](https://twitter.com/MetisDAO/status/1638903742698504195). This will mark the first new Aave v3 deployment outside of the original announcement and Ethereum mainnet.
    
*   As a part of the Arbitrum DAO airdrop, the Aave DAO received 2.7m tokens. [A discussion is underway on the best way Aave DAO should utilize the funds](https://governance.aave.com/t/temp-check-aave-daos-arb-airdrop-allocation/12417?u=0xbilll).
    
*   See a full Governance recap from Boardroom below or check out the highlights here:
    
    1.  [@bgdlabs](https://governance.aave.com/u/bgdlabs) introduced Aave Governance V3, and a [good discussion](https://governance.aave.com/t/bgd-aave-governance-v3/12367) is taking place.
        
    2.  BGD Labs also introduced the idea of [Risk Steward contracts](https://governance.aave.com/t/arfc-aave-v3-caps-update-framework/11937/4), as a pilot program to “simplify a lot of operational/governance overhead.”
        
    3.  [@lajarre](https://governance.aave.com/u/lajarre) from Butter has [announced](https://governance.aave.com/t/arc-incentivized-delegate-campaign-3-month/11732/5) the “eight candidates that have committed to running as delegates for the Aave Delegation Campaign”; the election, which is open to AAVE and stkAAVE holders, will run from April 3 - April 9.
        
    4.  [@Llamaxyz](https://governance.aave.com/u/llamaxyz) has initiated a [temp-check discussion](https://governance.aave.com/t/temp-check-defining-the-service-provider-delegation-platform-relationship/12468) about whether “entities can receive payment for being both a Service Provider and a Delegate Platform.”
        

Ecosystem 🧉
============

*   Butter [updated the community on their incentivized delegate campaign](https://governance.aave.com/t/arc-incentivized-delegate-campaign-3-month/11732/5?u=0xbilll). Delegates include: ConsenSys, DAOStewards, Diego Ortiz, FireEyes 🔥\_🔥, Flipside Governance, OnChainCoop, Oxytocin, StableLab, FranklinDAO and Wallfacer Labs. Read their [latest update and be sure to participate in the election, running April 3rd though 9th](https://mirror.xyz/butterd.eth/Y2TzzNxzl2uJtmLhD7g2GW46m7ZJT-WMrxYftBlGTHs).
    
*   Catch up with Certora’s most recent update: [Continuous Formal Verification Report February 2023](https://governance.aave.com/t/security-and-agility-of-aave-smart-contracts-via-continuous-formal-verification/10181/15?u=0xbilll).
    

Events 📆
=========

🧈 [Butter Incentivized Delegate Campaign: Election](https://governance.aave.com/t/arc-incentivized-delegate-campaign-3-month/11732/5?u=0xbilll) - April 3–9

🇯🇵 [ETHGlobal Tokyo](https://ethglobal.com/events/tokyo) - April 14–16

🇵🇹 [rAAVE](https://twitter.com/letsraave/status/1637170708307402752) - during ETHGlobal Lisbon in May!

Hey Anon 👻
===========

How many governance proposals [have you participated in this week](https://twitter.com/lemiscate/status/1640289613762686978)?

![](https://storage.googleapis.com/papyrus_images/2a3d52ffdcfe9d8a6233dd72bc1ae2c8828ad6238d3cd9cea689a353c53d698c.jpg)

Governance ⚖️
=============

[**_Follow the latest governance updates from Boardroom_**](https://governance.aave.com/t/governance-weekly-recap/9937/35?u=0xbilll)

### 👻 Aave Improvement Proposals:

*   **Freeze DPI on V2 Ethereum** ([189](https://app.aave.com/governance/proposal/?proposalId=189)). Succeeded with nearly 100% voting YAE and is queued for execution.
    
*   **Risk Parameter Updates for Aave V3 ETH Market** ([188](https://app.aave.com/governance/proposal/?proposalId=188)). Succeeded with 100% voting YAE and is queued for execution.
    
*   **Aave V3 Interest Rate Curve Changes** ([187](https://app.aave.com/governance/proposal/?proposalId=187)). Succeeded with 100% voting YAE and was executed on March 25.
    
*   **Supply/Borrow Cap Updates V3 Polygon and Arbitrum** ([186](https://app.aave.com/governance/proposal/?proposalId=186)). Succeeded with 100% voting YAE and was executed on March 25.
    
*   **Increase supply cap for cbETH Aave Ethereum V3** ([185](https://app.aave.com/governance/proposal/?proposalId=185)). Succeeded with 100% voting YAE and was executed on March 24.
    
*   **Activate Emode for cbETH Aave Ethereum V3** ([184](https://app.aave.com/governance/proposal/?proposalId=184)). Succeeded with 100% voting YAE and was executed on March 22.
    
*   **OP Emission\_Admin for Optimism v3 Liquidity Pool** ([183](https://app.aave.com/governance/proposal/?proposalId=183)). Succeeded with 100% voting YAE and was executed on March 22.
    
*   **MaticX Supply Cap Increase Polygon v3** ([182](https://app.aave.com/governance/proposal/?proposalId=182)). Succeeded with 100% voting YAE and was executed on March 22.
    

### ⚡️ Snapshot:

*   **Deploy aCRV& CRV to veCRV**. [Voting](https://snapshot.org/#/aave.eth/proposal/0xf92c5647c7f60a4a3db994b4953fc4408f5946cafdc0cebcd4c5924f40e04d36) ends on March 30.
    
*   **Polygon v2 to v3 Liquidity Migration**. [Voting](https://snapshot.org/#/aave.eth/proposal/0x478169c0840488588b31d7e23b889b5f9442057db9c7a5b9b6cfdd61fe7108ff) ends on March 30.
    
*   **Add support for wstETH on Polygon v3**. [Voting](https://snapshot.org/#/aave.eth/proposal/0x9d7296b06a66d6d6b4c9e85051477a4d62d066e3f56c248bcc85cbea00f7c7a4) ends on March 30.
    
*   **Add LDO to Ethereum Aave v3**. [Voting](https://snapshot.org/#/aave.eth/proposal/0x953f0edc544fe50e68a0aa19d31542d15458bc3394478a31a294f748198fa906) ends on March 30.
    
*   **“MVP” V3 deployment on ZkEVM mainnet**. [Voting](https://snapshot.org/#/aave.eth/proposal/0x0777eb4701023508c03825e2779e6189326ed9b3d1eb6e187d1f6e0f8d154605) ends on March 29.
    
*   **E-Mode Parameter Changes for v3 Avalanche, Optimism, Polygon, and Arbitrum**. [Voting](https://snapshot.org/#/aave.eth/proposal/0xf6bc25809a931910ea490b86b3c847dc30e09fc0d278ebf0bcdd48f4868e35c1) ends on March 31.
    
*   **Aave Chan Initiative 6-month Budget Proposal**. [Voting 1](https://snapshot.org/#/aave.eth/proposal/0x22eb6c5cdaf3731d4d6e0f4bb179e4cf6fa87470e87323f373f0bb01baceb9af) ends on March 28.
    
*   **Community Preference for V3 Migration Levers**. [Voting](https://snapshot.org/#/aave.eth/proposal/0x2eca177d50449f541586d4816d27022b73417952f8c5996d99f500cf0c7ec1c3) ens on April 5.
    
*   **Isolation Mode Recommendations for Aave v4 Avalanche, Polygon, and Arbitrum**. [Voting](https://snapshot.org/#/aave.eth/proposal/0xb1f8b1814d9c09760daa4d7e9fa90d906b2c9ff5fbd20c8d0f5793c4f5cc4999) ends on March 28.
    
*   **Gauntlet Risk Parameter Recommendations for V3 AVAX**. [Voting](https://snapshot.org/#/aave.eth/proposal/0x833eca942053ffcaecbedd6c3b0d5f2392f1ad868e57f1babe9b40a2afedaaa3) ends on March 28.
    
*   **AAVE on Harmony Recovery Plan**. [Failed](https://snapshot.org/#/aave.eth/proposal/0xf9706ff43ce8e3d3c887e98e6e2b59fdce7d9dc371245464e91f8b03df210e0a) on March 26 with over 99% voting “no, I refuse this proposal.”
    
*   **Aave Governance Process Improvements**. [Passed](https://snapshot.org/#/aave.eth/proposal/0x6a9cad8d631b3d447fbc80a787abfd3fcdd2eee808d7ac56ac00a3a2bd3c5cc8) on March 22 with over 98% voting YAE.
    
*   **Deploy Aave V3 to Metis Andromeda Mainnet**. [Passed](https://snapshot.org/#/aave.eth/proposal/0x7e6175c21342dbd88dc5b0dabf2d0a86339e3ef3f199fc7d778a9a6f05ed0df9) on March 23 with over 77% voting YAE.
    
*   **Safety Module upgrade to v1.5**. [Passed](https://snapshot.org/#/aave.eth/proposal/0x743ae6001bb0fdfa9a8c4475a2489c20917a79084725f0101ac7c1e7f0cf27c6) on March 20 with nearly 100% voting YES.
    

### 🗣 Active Aave Requests for Comment (ARCs & Temp Checks):

*   \[[TEMP CHECK](https://governance.aave.com/t/temp-check-aave-daos-arb-airdrop-allocation/12417)\] - **Aave DAO’s $ARB Airdrop Allocation**
    
*   \[[ARFC](https://governance.aave.com/t/arfc-increase-reth-supply-cap-03-26/12481)\] **Increase rETH Supply Cap - 03-26**
    
*   \[[ARFC](https://governance.aave.com/t/arfc-increase-cbeth-supply-cap-03-26/12480)\] **Increase cbETH Supply Cap - 03-26**
    
*   \[[ARFC](https://governance.aave.com/t/arfc-gho-genesis-parameters/12151/4)\] **GHO Genesis Parameters**. Discussion continues.
    
*   \[[TEMP CHECK](https://governance.aave.com/t/temp-check-aave-v3-deployment-on-zksync-era-mainnet/12477)\] **Aave V3 deployment on zkSync Era Mainnet**
    
*   \[[TEMP CHECK](https://governance.aave.com/t/temp-check-gho-facilitator-onboarding-process-and-application/12455)\] **GHO Facilitator Onboarding Process and Application**
    
*   \[[ARC](https://governance.aave.com/t/arc-whitelist-stargate-for-v3-portals/12457)\] **Whitelist Stargate for V3 Portals**
    
*   \[[ARFC](https://governance.aave.com/t/arfc-wmatic-supply-cap-increase/12046/3)\] **wMATIC Supply Cap Increase**. Updates provided by Llama.
    
*   \[ARC\] **Add support for Origin Dollar (OUSD) on Ethereum V3**. [Update](https://governance.aave.com/t/arc-add-support-for-origin-dollar-ousd-on-ethereum-v3/11395/6) from Origin.
    
*   \[[TEMP CHECK](https://governance.aave.com/t/temp-check-aave-v3-deployment-on-bnb-chain/12412)\] **Aave V3 deployment on BNB Chain**
    
*   \[[ARFC](https://governance.aave.com/t/arfc-bal-interest-rate-upgrade/12423)\] **BAL Interest Rate Upgrade**
    
*   \[[ARCF](https://governance.aave.com/t/arfc-chaos-labs-risk-parameter-updates-aave-v3-optimism-2023-03-22/12421)\] - **Chaos Labs Risk Parameter Updates - Aave V3 Optimism**
    
*   \[[ARFC](https://governance.aave.com/t/arfc-configure-isolation-mode-borrowable-assets-v3-ethereum/12420)\] - **Configure Ioslation Mode Borrowable Assets - V3 Ethereum**
    

### In the Forums

*   [@MarcZeller](https://governance.aave.com/u/marczeller) provides an [update](https://governance.aave.com/t/arfc-busd-offboarding-plan/12170/3) on the BUSD offboarding plan
    
*   Gauntlet continues to provide [market alerts](https://governance.aave.com/t/gauntlet-market-alerts-mar-2023/12159/8)
    
*   See Certora’s continuous formal verification report for [February here](https://governance.aave.com/t/security-and-agility-of-aave-smart-contracts-via-continuous-formal-verification/10181/15)
    
*   Isolation mode methodology explained by [@ChaosLabs](https://governance.aave.com/u/chaoslabs)
    
*   Delegate platform [updates from 1](https://governance.aave.com/c/delegate-platforms/27) [@Curia](https://governance.aave.com/u/curia), [@Saludiego201](https://governance.aave.com/u/saludiego201), [@Wallfacer](https://governance.aave.com/u/wallfacer), [@Oxytocin](https://governance.aave.com/u/oxytocin), and [@James](https://governance.aave.com/u/james) – among others.
    

**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)

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*Originally published on [Aave Grants DAO](https://paragraph.com/@aavegrantsdao/aave-news-93)*