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The Aave-chan Initiative (ACI) has proposed to extend its collaboration with the Aave ecosystem for another 180 days, with a budget of 375k GHO, focusing on Liquid Staking Tokens diversity, GHO growth and adoption, and supporting DAO active participants. While the proposal has received widespread support, concerns have been raised about ACI's oversight that led to Aave missing out on potentially millions of dollars’ worth of ARB tokens and unpreparedness for non-native Arbitrum projects.
The discussion revolves around the proposal by MarcZeller for the continuation of the collaboration with the Aave-chan Initiative (ACI) for an additional 180 days, with a proposed budget of 375k GHO1. The ACI has been instrumental in the Aave ecosystem, contributing to Skyward, Growth, and Representation. They have produced 90 AIPs in 180 days, co-authored proposals with active DAO service providers, and implemented offboarding plans for assets like BUSD & TUSD, generating close to 1M$ for the DAO1. For Phase II, the ACI plans to focus on Liquid Staking Tokens diversity, GHO growth and adoption, and supporting DAO active participants1.
The proposal has received positive feedback from several community members, including Hazbobo, EzR3aL, Kene_StableLab, 0xkeyrock.eth, Maxax, and G-Blockchain, who expressed their support for the proposal and confidence in the ACI's ability to continue contributing to the DAO's success2,3,4,5,6,7. Jedi requested more details on how the proposed funds will be allocated8, while ChaosLabs and WintermuteGovernance praised the ACI's proactive work and expertise in Aave architecture9,10. 0xlide suggested changing an additional $125,000 to be paid as a success reward11.
The ACI's contributions to the Aave DAO have been largely positive, with the community praising its proactive role in listing new assets and making onboarding easier12,13,14. Eboado provided a detailed review of ACI's work in two phases, praising ACI's efforts to tackle heterogeneous tasks and put in place frameworks to define them better16. NathanVDH and TokenLogic also expressed strong support for ACI, stating that it is setting the standard for how professional delegate organizations should operate18,19.
However, Mintalex raised concerns about an oversight by ACI that resulted in Aave missing out on potentially millions of dollars’ worth of ARB tokens, surpassing Aave’s total earnings on Arbitrum for the past year15. He also criticized Aave for being unprepared for the application of non-native Arbitrum projects like Pendle, Frax, Silo, Abracadabra, Angle, and Balancer, resulting in a missed opportunity for a budget worth several hundred thousand dollars in ARB17.
Posted 2 months ago
Last reply a month ago
Summary updated a month ago
Last updated 06/12 00:43