# Aave Governance V3 Activation Short
AI summary
This proposal initiates the migration of Aave's governance system from its current version (v2.5) to the new Aave Governance v3. It's the first of two proposals required for this transition. The proposal transfers all administrative permissions from the old system to the new one, upgrades smart contracts related to voting assets like AAVE and stkAAVE, and activates the Aave Robot system, which is crucial for v3's operation. This is a resubmission of a previous proposal with updated voting configurations.
If passed, Aave's governance will begin its transition to a more advanced and decentralized system, potentially improving efficiency and security. All Aave token holders and users will be affected as the underlying governance mechanism changes. There are no direct financial allocations to individuals or groups mentioned in this specific proposal, beyond funding the Aave Robot system, which is an operational component.
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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.
This …