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Support
29 Mar 2024, 12:23 AM
30 Mar 2024, 10:42 AM
2 Apr 2024, 10:42 AM
Passed
3 Apr 2024, 11:53 AM
Executed
Activate Gho Stewards
29 Mar 2024, 12:23 AM
30 Mar 2024, 10:42 AM
2 Apr 2024, 10:42 AM
Passed
3 Apr 2024, 11:53 AM
Executed
Author
Aave Chan Initiative
Simple Summary
This proposal activates GHO steward V2 for the Aave DAO, allowing better management of the GHO stablecoin by Risk, Growth & Finance Aave DAO service providers
Motivation
This publication proposes to creating the GHO Stewards and granting the GHO Stewards permission to adjust the following parameters:
- GHO Borrow Cap
- GHO Borrow Rate
- GSM Exposure Cap
- GSM Bucket Capacity
- GSM Fee Strategy
GHO Stewards consists of members from Growth (ACI), Risk (ChaosLabs) and Finance (TokenLogic + Karpatkey) Service Providers and utilize a 3 of 4 multi-sig.
Specification
The proposal gives the following admin roles:
- Grant GHO Steward the Pool Admin role via the ACL_MANAGER contract.
- Grant GHO Steward the Bucket Manager role on the GHO token.
- Grant GHO Steward the Configurator role on GSM_USDC and GSM_USDT.
- Whitelists all the facilitators on the GHO Stewards, including: GHO_AToken, GHO_FlashMinter, GSM_USDC, GSM_USDT - so that the steward has the permissions to update the bucket capacity.
The GHO Stewards parameters are set as follow:
- GHO Aave Bucket Capacity: 100% increase
- GHO Borrow Rate: 5% change
- GSM Exposure Cap: 100% increase
- GSM Bucket Capacity: 100% increase
- GHO Borrow Cap: 100% increase
- GSM Fee Strategy: +0.5%
References
- GHO Steward SAFE address: 0x8513e6F37dBc52De87b166980Fa3F50639694B60
- GHO Steward V2 address: 0x8F2411a538381aae2b464499005F0211e867d84f
- GHO Steward Repo: GhoStewardV2.sol
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.