IIP-154: Delegate Aave to Governance House EOA for DPI Aave ARC listing

Governance Proposal
5

Thanks for the thoroughness Mel. I appreciate you sending the template, but this proposal is based on multiple delegations from the past including IIP 68 and 129. (Both of which passed overwhelmingly) IIP-129: Metagov Delegation Request - Delegate Aave to EOA for DPI Borrow Enable and DPI on ARC AIPs - #5 by overanalyser
IIP-68: Delegate Aave to EOA Address

  1. The specification section is consistent with prior requests for delegation. The number of AIP payloads as well as their exact content is not known at this time, as has been the case for every prior delegation request. Specifically the multi DAO package we are looking to join contains the following proposals which will be executed across a number of AIPs based on the dev feedback of Gov House & Aave community devs: 1) list DAI & DPI on the Aave Arc market, 2) update ARC market risk factors, 3) update ARC market aToken Implementations to support LM, 4) activate LM on Aave ARC market.

  2. As has been consistent with prior requests for delegation, the delegatee will execute votes on behalf of IC. IC BD as well as the metagov committee already have regular comms with Gov House and their membership has handled IC delegation prior.

  3. I am not a part of Governance House. The wallet will be controlled by GH, it is an EOA per Aave requirements. The EOA was provisioned by ELEV8 Crypto, the current manager of the IC MetaGov EOA, and is under the control of the GH dev team. This is all consistent with prior delegation requests. I’d also add that these individuals, both IC members and ecosystem partners, are some of the most experienced and technical DeFi operators. I trust their ability to setup and launch these AIPs while also ensuring operational security.

  4. Providing assistance to help build out the Aave Arc market with highly credible assets is not only important to our ecosystem partners, but also our future product suite. As stewards of the ecosystem, I hope we can push forward our voting power even more if we see fit. In this instance, I do not see any reason why listing DAI would not be of benefit to IC. I’d also remind others that we use these different assets to build out some of our strategies. I think there is a clear case for building our strategies specifically for institutional investors using Arc.

  5. Regular touch points have already been established with the relevant nests/work groups within IC. I am happy to make this connection clearer with the Gov Nest.

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