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Activate Gho Stewards

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aci.eth

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0x2cc...54Df1

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Created

29 Mar 2024, 12:23 AM

Open for voting

30 Mar 2024, 10:42 AM

Voting closed

2 Apr 2024, 10:42 AM

Passed

Finished

3 Apr 2024, 11:53 AM

Executed

Activate Gho Stewards

Created

29 Mar 2024, 12:23 AM

Open for voting

30 Mar 2024, 10:42 AM

Voting closed

2 Apr 2024, 10:42 AM

Passed

Finished

3 Apr 2024, 11:53 AM

Executed

Author

Aave Chan Initiative

Creator

aci.eth

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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:

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

Copyright

Copyright and related rights waived via CC0.

by BGD Labs