Meta Governance Committee Decision:
AAVE 23
The Index Coop Meta-Gov Committee has voted unanimously (5-0) AGAINST listing AMPL on AAVE as part of AAVE-23. While we are generally supportive of listing new assets on AAVE there are several concerns we have with AMPL that we feel the need to vote against its inclusion in the AAVE market. AMPL’s status as a rebase token adds lots of complexity to its inclusion, including the creation of a custom aToken contract. We take smart contract risk seriously and the PeckShield audit raised several concerns, including an incorrect rebalance calculation, that cause us to call for further testing and transparency on said testing prior to inclusion. We would like to see a testnet integration for public testing of the new aToken contract, as well as full details of the local mainnet fork testing that was mentioned, including what was tested, how it was tested, and what the results were. Should these concerns be alleviated we would support a new AIP to include AMPL however at the present time out of an abundance of caution we are voting against inclusion. This vote will only take effect should the quorum not be reached.
FOR: [none]
AGAINST: @oneski22 @Kiba @Lavi @ncitron @cedrick
ABSTAIN: [none]
AAVE 24
The Index Coop Meta-Gov Committee has voted unanimously (5-0) FOR listing PAX on AAVE as part of AAVE-24. We are generally supportive of listing new assets on AAVE and PAX has several characteristics that make it prime for inclusion. PAX is one of only 2 fully regulated stablecoins and reserve attestations have shown it completely backed by cash and equivalents, as well as its assets being held separate from the operating funds of the parent company. This provides differentiation from existing stablecoins such as USDC and USDT. We support the addition of new options in the AAVE market and are happily voting for PAX’s inclusion.
This vote will only take effect should the quorum not be reached.
FOR: @oneski22 @Kiba @Lavi @ncitron @cedrick
AGAINST: [none]
ABSTAIN: [none]
AAVE 26
The Index Coop Meta-Gov Committee has voted unanimously (5-0) FOR continuing AAVE’s LM program as part of AAVE-26. We have seen firsthand as coop members the difficulty in coordinating changes to an LM program and the importance of their continuation unless an intentional stop has been voted on. We support AAVE continuing their program as they debate future changes to it.
This vote will only take effect should the quorum not be reached.
FOR: @oneski22 @Kiba @Lavi @ncitron @cedrick
AGAINST: [none]
ABSTAIN: [none]
