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Aave · closed proposal

# Aave Governance V3 Activation Short

0xf71f…1e02·ended 57y ago·MEDIUM RISK
Voters
22
AAVE voted
625528005634361.63B
≈$39001671151302448.00B
Token price
$62.35

AI summary

This proposal is the 'short executor' part of a two-part plan to upgrade Aave's governance system from version 2.5 to version 3. It involves transferring all administrative permissions from the old system to the new one, upgrading smart contracts related to voting assets like AAVE, and activating the Aave Robot system, which is crucial for the new governance to work properly. This is a technical upgrade to improve how the Aave DAO is managed.

Impact

If this proposal passes, the Aave governance system will begin its transition to a more advanced version, potentially leading to more efficient and robust decentralized control over the Aave ecosystem. The primary beneficiaries are the Aave DAO and its participants through improved governance infrastructure; there are no clear losers.

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Voting results

For625528005634361.63B (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
625528005634361.63B AAVE · ≈$39001671151302448.00B · 22 votersblock 2023-12-15T14:01:23Z

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Full proposal

Original markdown · Aave

Aave Governance V3 Activation Short


title: "Aave Governance V3 Activation Short" author: "BGD Labs (@bgdlabs)" discussions: "https://governance.aave.com/t/bgd-aave-governance-v3-activation-plan/14993/13"

Simple Summary

This is the short executor part of the proposal for the migration of the Aave Governance v2.5 to v3, transferring all permissions from the v2 system to v3, executing all required smart contracts upgrades and different miscellaneous preparations.

Additionally, Aave Robot systems is activated, being requirement for the optimal functioning of Governance v3.

Mo…

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