HKUST Blockchain Delegate Platform

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governance.aave.com

TL;DR:

The HKUST Blockchain Delegate Platform is actively shaping AAVE's governance by supporting proposals that enhance the protocol, like the reduction of CRV Liquidation Threshold and the launch of GHO stablecoin, while opposing those they find problematic, such as the TUSD offboarding plan. Their involvement is generally seen as positive, promoting protocol development and safety, though they exhibit caution by voting against certain proposals they consider detrimental.

What is this about? The HKUST Blockchain Delegate Platform, led by the EPI Lab at HKUST, is a key player in the AAVE community, actively participating in governance decisions. The platform has been involved in various votes, such as Aave V3 proposals and other governance matters, and encourages AAVE stakeholders to delegate their voting power to them. Their recent activities include voting in favor of proposals like the reduction of CRV Liquidation Threshold and updating the interest rates for wMATIC. They have also supported a wide range of other proposals, including those related to treasury management, the launch of GHO stablecoin, and enabling borrowing functions for specific tokens.

How is the community reacting? The community is engaged in the discussions, with HKUST_EPI_BLOCKCHAIN being a prominent contributor. They have supported proposals aimed at improving the AAVE protocol, such as the reduction of LT LTV, the creation of an ETH eMode category on Optimism, and the acquisition of various tokens for treasury management. Their support extends to TokenLogic's governance involvement, the transfer of assets into GHO, and enabling borrowing for OP tokens. They have also voted in favor of several other proposals, including onboarding native USDC to Aave V3 Optimism and adjusting liquidation thresholds for certain tokens. However, they have voted against proposals they found problematic, such as a TUSD offboarding plan and a duplicate poll regarding the GHO Borrow Rate.

Why this is positive?

  • HKUST_EPI_BLOCKCHAIN's active participation and support for various proposals have positively influenced AAVE's development.
  • They have endorsed the Governance v2.5 Activation, which aggregates governance and reduces gas costs for voting.
  • Their support for the ACI Phase II and Aave v3 Gnosis Activation is seen as beneficial for protocol governance and expansion.
  • They have voted in favor of disabling Stable Borrows to address vulnerabilities and supported measures to improve protocol safety and efficiency.
  • Their recent votes in favor of proposals, such as the reduction of CRV Liquidation Threshold and updating interest rates for wMATIC, are viewed as positive steps for the protocol.

Why this is negative?

  • HKUST_EPI_BLOCKCHAIN has occasionally voted against proposals, such as a TUSD offboarding plan, due to concerns about the process.
  • They have opposed proposals that they believe could negatively impact the protocol, such as freezing assets based on the actions of a single address and a duplicate poll regarding the GHO Borrow Rate.
  • Their vote against the upgrade of Aave V3 ETH Pool wETH parameters due to a duped poll indicates a cautious approach to governance decisions.

Next actions We have not been able to determine whether there will be any next actions such as upcoming votes or snapshots.

Posted 9 months ago

Last reply 14 days ago

Summary updated 14 days ago

Last updated 09/12 13:52