This proposal is to delegate all of Index Coop’s Aave proposal and voting rights to an External Owned Account (EOA) managed by Governance House, . This includes AAVE, stkAAVE and any other token that has proposal and/or voting rights in the Aave ecosystem.
Governance House will use the proposal and voting rights for the purpose of submitting and voting on AIPs and participating in Snapshot votes.
Aave Delegate Address:
By delegating to an EOA address, developers like @ncitron, @DefiJesus and others within Governance House will have the ability to submit AIPs. This is critical as submission of a proposal must be performed from an EOA address and can not be performed from a multisig address.
This proposal enables Governance House to actively participate in the Aave governance process without the need to continually submit IIPs requesting access to the proposal and voting influence.
Even more important than the ability to vote, is the ability to put forward proposals on Aave. Proposals can only be put forward by an EOA address. Thus the need for the Aave proposal power to be delegated to an EOA address.
In order to submit an AIP, a minimum number of votes is needed to meet the proposal power requirement for creating and sustaining a proposal, . For example to have DPI listed on the Aave mainnet Arc market, we need 80,000 votes to meet the proposal power requirement, .
As of block 14520930 (Apr-04-2022 05:44:35 PM +UTC), the DPI holds $20.9M worth of AAVE or 91,086.336396 votes.
To provide a flavour for some of the more immediate intended uses:
- Add DPI to Aave mainnet Arc market, .
- Add DAI to Aave mainnet Arc market, .
- Change risk parameters on Aave mainnet Arc market, .
- Introduce Liquidity Mining to Aave mainnet Arc market, .
- Change AVAX risk parameters on Aave Avalanche V2/V3 market (AVAX2x-FLI), .
- Add stMATIC to Aave Polygon V3 market (icMATIC), .
The examples above are only the first of many governance activities that Governance House aims to provide. These kinds of proposal submissions benefit Index Coop’s products (e.g. via listings), as well as benefiting the underlying tokens which is great for relationship building. For instance by expanding the product offering, improving resiliency, decreasing risk, improving LM expenses and much more. Thus again benefiting products like DPI indirectly, as the strength of the underlyings protocols increases.
Index Coop delegates all (DPI plus other holdings as they emerge) Aave proposal and voting power to the ethereum address:
0xE8e98fBbE83428aa087b29E003858F69855B50AE which is then to be used by Governance House.
All AIPs submitted by Governance House will automatically use the AAVE voting rights to cast a FOR vote.
Do note, Tribe DAO and others also delegates AAVE/stkAAVE to the stated address, .
As a condition to receiving this proposition delegation, Governance House is required to abide by Index Coop’s Governance and the MGC when executing votes on Aave Snapshot and Aave Governance. The metagovernance bot will continue to publish AIPs on Index Coop’s Snapshot page in line with the current process with no change in how Snapshot is currently functioning. The MGC will continue to function as is outside of the Governance House proposals.
 Governance House
 Governance - Governance
 ARC - Add DPI as Collateral on the Aave Arc Market - Governance - Aave
 ARC: Adding Multi-Collateral DAI to the Aave ARC Market - New Asset - Aave
 ARC - Update Risk Parameters Mainnet Arc Market - General - Aave
 ARC - Continue Liquidity Mining Program on Aave V2 Ethereum market and Introduce Liquidity Mining on Aave ARC market - General - Aave
 ARC: Avalanche Market - AVAX Risk Parameters Update - General - Aave
 Proposal: Add Support for stMATIC (Lido) - New Asset - Aave
 FIP-78c: Meta-governance - stkAAVE (Aave) - Proposals - Tribe
- Delegate Aave proposal and voting power to
- Do not delegate Aave proposal and voting power to
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