# Aave News #96 By [Aave Grants DAO](https://paragraph.com/@aavegrantsdao) · 2023-04-25 --- For any [grantees who will be at ETHGlobal Lisbon](https://forms.gle/D3LYB6P8anjq2JMZ8), including: ETH Tokyo Hackathon🇯🇵 | Llama 6-month Update🦙 | 1delta on Testnet 📈 | AGD Update👻 | Aave Forest🌲 | Governance Updates**⚖️** ETH Tokyo Hackathon Winners 🇯🇵 ================================ ![Ronnie is ready to hack](https://storage.googleapis.com/papyrus_images/fa097d20ed348eaf2d7eda0123d50dee3771032ce7f02f06735a8734d8dc7001.jpg) Ronnie is ready to hack * [Thanks to ETH Global, all the hackers, everyone who came by the Aave booth, and especially all 20 teams who built on top of Aave and GHO](https://lenster.xyz/posts/0x03-0x48). Aave Grants awarded three hackathon projects prizes: \*\*🥇 DeFi Struct \*\*A generalized 4626 vault for structured products providing clear risk & reward information, offering greater insights for users, and holding individuals who promote or develop DeFi strategies more socially accountable. \*\*🥈 MAID - Multi Access Incentive Distribution \*\*A coupon factory that allows protocols to rewards users with custom ERC3525 coupons (Semi-Fungible Tokens) based on custom requirements and conditions such as being an OG GHO holder. \*\*🥉 BorrowFi \*\*An aggregator that lets users easily borrow at the best rates possible by introducing a new standard to normalize borrowing and repaying calls while searching across different protocols. * Next up, we'll be at ETHGlobal Lisbon with more hackathon prizes, 🔥 Aave merch and a rAAVE to top it all off. [Let us know if you have received a grant from AGD and are planning on attending](https://forms.gle/Y9Qc2zkh8cpSGsg76)! ![Kartik giving it up for the Aave Grants hackathon winners at the final ceremony at ETHGlobal Tokyo](https://storage.googleapis.com/papyrus_images/9af6a67594ed8ff4a4ddef3e4b7f06a11415bd252b75c3f8baf07b9e8acd356d.jpg) Kartik giving it up for the Aave Grants hackathon winners at the final ceremony at ETHGlobal Tokyo Llama 6-month Update 🦙 ======================= * [Llama shared their 6-month update](https://governance.aave.com/t/llama-6-month-update/12714?u=0xbilll) in the governance forum recapping all of the proposals and AIPs they have been involved with. You can also [listen to a summary from the team](https://twitter.com/i/spaces/1YqKDoRZjNwxV). Some of their recent work includes sharing [Q1 Financial Statements](https://governance.aave.com/t/q1-2023-financial-report/12838?u=0xbilll) (which shows the DAO reaching a positive cashflow position 🤯) and a [6-part proposal to gauge sentiment on updating different parts of the Safety Module](https://governance.aave.com/t/discussion-safety-module/12029/9?u=0xbilll). ![A screenshot from Llama's Financial Report](https://storage.googleapis.com/papyrus_images/8bd8e82525825d1b6e474c701e4c65f4867c0504a2c3acff87257f0facd4dd0e.png) A screenshot from Llama's Financial Report 1delta on Testnet 📈 ==================== * 1delta has [launched the testnet version of their margin trading integration with Aave V3 pools](https://twitter.com/1DeltaDAO/status/1650175255363592193). [Explore the app](https://buff.ly/3mQ6SEN) (make sure you are on Polygon Mumbai!) including the collateral and debt swap features. [Share any feedback with the team](https://discord.gg/5mGZfywP) - they would love to know what you think! ![A screen cap from 1delta's margin trading platform - showing off the Aave v3 integration](https://storage.googleapis.com/papyrus_images/da6bdd796a1319d7a65d7744a1a1abf42b042520c71b474a21bbe590ccf11797.jpg) A screen cap from 1delta's margin trading platform - showing off the Aave v3 integration AGD Update 👻 ============= * [Migi shared an update from Aave Grants](https://governance.aave.com/t/agd-renewal-4-recent-work-updates/11585/3?u=0xbilll) including recent grantees (look out for a full announcement later this week 👀), a [proposal to allocate the 300k OP AGD received as part of OP Stimpack phase 0](https://governance.aave.com/t/temp-check-allocation-of-300k-op-received-by-aave-grants-dao/12820?u=0xbilll), and an events summary. Included is also a breakdown of the total number of applications received and total funds dispersed since AGD’s inception in May 2021. ![See a breakdown of applications and total dollar amounts by category from Aave Grants](https://storage.googleapis.com/papyrus_images/8c0e8cca21cd67c3d32355de462a90a5841d720666b9927f4581f2d15f9eac70.png) See a breakdown of applications and total dollar amounts by category from Aave Grants Aave Forest 🌲 ============== * bgdlabs s[hshared a new proposal to enhance the security of the Aave Protocol with a monitoring and prevention framework to protect against potential exploits which they are dubbing the Aave Forest](https://governance.aave.com/t/bgd-aave-forest/12755?u=0xbilll). The proposal introduces the concept of Owls, Rangers and Aave v3. Read the full proposal and join the discussion! ![Spot the Owls, Rangers and Ghosts in the Aave Forest](https://storage.googleapis.com/papyrus_images/5e1f77eef6e1fae33c32e3937b50c878cf73aa6f20fe2a3eed3becc654eec299.jpg) Spot the Owls, Rangers and Ghosts in the Aave Forest Governance Updates ⚖️ ===================== [**_Follow the latest governance updates from Boardroom_**](https://governance.aave.com/t/governance-weekly-recap/9937/25?u=0xbilll) The proposal to upgrade the [Aave Safety Module to version 1.5](https://governance.aave.com/t/bgd-aave-safety-module-v1-5/12148/9?u=duncand) will go up soon, per @bgdlabs. This one will be a Level 2 Executor, meaning it will have the highest quorum requirement (+1m AAVE) — so get ready to participate. ### Aave Improvement Proposals (AIPs): * **Risk Parameter Updates Aave V3 Optimism** ([206](https://app.aave.com/governance/proposal/206/)). Succeeded with 100% voting YAE and was executed on April 22. * **Supply/Borrow Cap Updates V3 Arbitrum** ([205](https://app.aave.com/governance/proposal/205/)). Failed to reach quorum on April 21 with over 53% voting NAY. * **Update AAVE V3 ETH Risk Parameters** ([204](https://app.aave.com/governance/proposal/204/)). Succeeded with 100% voting YAE and was executed on April 22. * **Aave v2/v3 Collectors unification** ([203](https://app.aave.com/governance/proposal/203/)). Succeeded with 100% voting YAE and was executed on April 21. * **ACI Service Provider Proposal** ([202](https://app.aave.com/governance/proposal/202/)). Succeeded with 100% voting YAE and was executed on April 18. * **Add LDO to Ethereum Aave v3** ([201](https://app.aave.com/governance/proposal/?proposalId=201)). Succeeded with 100% voting YAE and was executed on April 17. ### On Snapshot: * **\[**[**ARFC**](https://snapshot.org/#/aave.eth/proposal/0xc0be2141c5623d9233228b715def014050b5e224a6f8ec2c5ea67a15ba5cd8cb)**\] Deprecate Aave V2 AMM Market**. Voting ends on April 28. * **\[**[**ARFC**](https://snapshot.org/#/aave.eth/proposal/0x5c5de0a7cb87170f6b0f28da20c079f9c89350125fffa9f80e0f60cc3c9d43ea)**\] Add MAI to Optimism Aave V3 Pool**. Voting ended on April 23 with nearly 100% voting YAE. * **\[**[**ARFC**](https://snapshot.org/#/aave.eth/proposal/0xef9654757a0d1aaec6f970f444ce54cfb2d6c2af0ccbfeb9a182acd51919453c)**\] Add MAI to Arbitrum Aave V3 Pool**. Voting ended on April 23 with nearly 100% voting YAE. * **\[**[**TEMP CHECK**](https://snapshot.org/#/aave.eth/proposal/0xf9261916c696ce2d793af41b7fe556896ed1ff7a8330b7d0489d5567ebefe3ba)**\] - Community Preference for Supply Cap Limits for LSTs**. Voting ended on April 24 with 52.41% voting for Option 2 and 47.57% voting for Option 1. * **\[**[**TEMP CHECK**](https://snapshot.org/#/aave.eth/proposal/0xc17bc863a09c72152c1ac25d09fcee4748b58eb2e10e70886e20e77ad4d8fad0)**\] - Whitelist Stargate for V3 Portals**. Voting ended on April 18 with nearly 100% voting YAE. * [**Risk Rewards Phase 1**](https://snapshot.org/#/aave.eth/proposal/0xc882bf5f0f0f801591bfd5f0273388ea154654220f472aa4a06fd1fe6b94bb53)**: CapsRewardsSteward**. Voting ended on April 17 with nearly 100% voting for “Yes 100% max increase per five days.” ### Active Aave Requests for Comment (ARFC): * \[[ARFC](https://governance.aave.com/t/arfc-stmatic-supply-cap-increase-polygon-v3/12606/6?u=duncand)\] stMATIC SupplyCap Increase Polygon v3 * \[[ARFC](https://governance.aave.com/t/arfc-aave-v2-interest-rate-curve-recommendations-from-gauntlet-2023-04-21/12846)\] Aave V2 Interest Rate Curve Recommendations from Gauntlet (2023-04-21) * \[[ARFC](https://governance.aave.com/t/arfc-chaos-labs-supply-and-borrow-cap-updates-04-21-2023/12845)\] Chaos Labs Supply and Borrow Cap Updates - 04.21.2032 * \[[ARFC](https://governance.aave.com/t/arfc-polygon-v2-parameter-update/12817)\] Polygon v2 - Parameter Update * \[[ARFC](https://governance.aave.com/t/arfc-polygon-v3-bal-supply-borrow-cap-increase/12505/9?u=duncand)\] Polygon v3 BAL Supply & Borrow Cap Increase * \[[ARFC](https://governance.aave.com/t/arfc-modify-snapshot-proposal-threshold/12821)\] Modify Snapshot Proposal Threshold * \[[ARFC](https://governance.aave.com/t/arfc-private-voting-for-aave-governance-2-month-trial/12730/11?u=duncand)\] Private Voting for Aave Governance \[2-month Trial\] * \[[ARFC](https://governance.aave.com/t/arfc-wmatic-risk-parameter-update-polygon-v3/12782/2?u=duncand)\] wMATIC Risk Parameter Update Polygon v3 * \[[ARFC](https://governance.aave.com/t/arfc-gauntlet-e-mode-methodology-aave-v3-liquid-staking-tokens/12700/2?u=duncand)\] Gauntlet E-Mode Methodology: Aave V3 Liquide Staking Tokens * \[[ARFC](https://governance.aave.com/t/arfc-chaos-labs-risk-parameter-updates-aave-v3-polygon-2023-04-23/12828)\] - Chaos Labs Risk Parameter Updates - Aave V3 Polygon - 2023.04.23 * \[[ARFC](https://governance.aave.com/t/arfc-migrate-consolidate-polygon-treasury/12248/4?u=duncand)\] Migrate & Consolidate Polygon Treasury * \[[ARFC](https://governance.aave.com/t/arfc-add-reth-to-aave-v3-arbitrum-liquidity-pool/12810)\] Add rETH to Aave V3 Arbitrum Liquidity Pool * \[[ARFC](https://governance.aave.com/t/arfc-increase-supply-cap-for-wsteth-aave-v3-arbitrum/12795)\] Increase Supply Cap for wstETH Aave V3 Arbitrum * \[[ARFC](https://governance.aave.com/t/arfc-add-lusd-to-aave-v3-on-arbitrum/12858)\] Add LUSD to Aave v3 on Arbitrum ### Active TEMP CHECKS: * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-safety-module-update-part-i-migrate-aave-weth-balancer-v1-pool-to-balancer-v2/12748/2?u=duncand)\] Safety Module Update Part I - Migrate AAVE/wETH Balancer v1 Pool to Balancer v2 * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-safety-module-upgrade-part-ii-asset-diversity-sm-categories-slashing-updates/12749/2?u=duncand)\] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-safety-module-upgrade-part-iii-enable-gauges-on-bpt-in-safety-module-smbpt/12750/2?u=duncand)\] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT) * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-safety-module-upgrade-part-iv-incentives-management-upgrade/12751/2?u=duncand)\] Safety Module Upgrade Part IV - Incentives Management Upgrade * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-safety-module-upgrade-part-v-vetoken-holding-management-framework/12752/2?u=duncand)\] Safety Module Upgrade Part V - veToken Holding Management Framework * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-safety-module-upgrade-part-vi-future-considerations/12753/2?u=duncand)\] Safety Module Upgrade Part VI - Future considerations * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-gas-fee-rebate-for-on-chain-votes/12559/12?u=duncand)\] Gas Fee Rebate for On-Chain Votes * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-allocation-of-300k-op-received-by-aave-grants-dao/12820)\] Allocation of 300k OP Received by Aave Grants DAO * \[[TEMP CHECK](https://governance.aave.com/t/temp-check-aave-x-messari-protocol-services/12801)\] Aave x Messari Protocol Services ### In the Forums * @ChaosLabs provides LSD [methodology update](https://governance.aave.com/t/chaos-labs-lsd-methodology-update/12829) * Aave Grants DAO [delegates to](https://governance.aave.com/t/llama-request-for-delegation-of-proposal-power/12604/4?u=duncand) @Llamaxyx proposal power * Gauntlet’s [recommendations for EURS](https://governance.aave.com/t/gauntlet-recommendations-for-eurs-on-v3-polygon/12798) on V3 Polygon, soon to go to AIP * @0xmigi presents the [March updates](https://governance.aave.com/t/agd-renewal-4-recent-work-updates/11585/3?u=duncand) for the Aave Grants DAO * Some [updates on launching](https://governance.aave.com/t/launch-aave-v3-on-metis/7056/78?u=duncand) Aave V3 on Metis * Delegate platform [updates from](https://governance.aave.com/c/delegate-platforms/27) @WintermuteGovernance, @lbsblockchain, @TokenLogic, @HKUST\_EPI\_BLOCKCHAIN, and Flipside * Llama presents their [Q1 2023 financial report](https://governance.aave.com/t/q1-2023-financial-report/12838) for Aave **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) What do you think of the new format? [Let us know](https://t.me/aavegrantsdao)! 👻👻👻👻👻 --- *Originally published on [Aave Grants DAO](https://paragraph.com/@aavegrantsdao/aave-news-96)*