Leveraging the introduction of Umbrella,
It’s time to upgrade the $AAVE role in our ecosystem.
Let’s explore this together:
governance.aave.com/t/temp-check-a…
It’s time to upgrade the $AAVE role in our ecosystem.
Let’s explore this together:
governance.aave.com/t/temp-check-a…
Protocol coverage paradigm shift.
With the adoption of Umbrella the “seize and sell” doctrine hurtful for peg, value and inefficient is replaced by a “seize and burn” doctrine using GHO and aTokens
For up to billions of coverage at controlled cost.
With the adoption of Umbrella the “seize and sell” doctrine hurtful for peg, value and inefficient is replaced by a “seize and burn” doctrine using GHO and aTokens
For up to billions of coverage at controlled cost.
The Aave Liquidity Committee, strong of GHO experience, takes the lead on AAVE secondary liquidity with the deprecation of StkBPT
With the goal to automate the process as much as possible
Large efficiency increase is expected.
With the goal to automate the process as much as possible
Large efficiency increase is expected.
Implementation if the “Buy and distribute” program
Every AAVE distributed as reward will be acquired on secondary market with net excess revenue of protocol.
The process is set to be implemented via Aave Finance and automated as soon as possible.
Every AAVE distributed as reward will be acquired on secondary market with net excess revenue of protocol.
The process is set to be implemented via Aave Finance and automated as soon as possible.
The legacy Aave “safety module” is proposed to become a slashing-free “staking module”
The staking module earns AAVE rewards.
The GHO bottow rate discount is proposed to be deprecated
The staking module earns AAVE rewards.
The GHO bottow rate discount is proposed to be deprecated
Introduction of “Anti-GHO” a new ERC20.
Anti-GHO is generated by AAVE stakers it can be used in two ways:
1) burn GHO debt for “free”
Anti-GHO is generated by AAVE stakers it can be used in two ways:
1) burn GHO debt for “free”
2) mint StkGHO in the proposed umbrella GHO safety module.
These updates are financed by the protocol excess revenue and the large efficiency gains of the Umbrella update.
As this proposal seeks approval to implement critical changes:
This is proposed to be a 3 steps journey with specific milestones to reach to move forward.
As this proposal seeks approval to implement critical changes:
This is proposed to be a 3 steps journey with specific milestones to reach to move forward.
This proposal also open the doors of Aave protocol “Restaking” leveraging Aave risk management expertise and large liquidity to allow third party protocols and networks to expand their users safety.
Allowing new revenue sources for the protocol and its users.
Allowing new revenue sources for the protocol and its users.
The ACI express gratitude to the Aave DAO service providers, delegates and community for their valuable input during this proposal peer review phase.
Today could be the first step of a new Era for Aave, let’s discuss the journey together on the forum
governance.aave.com/t/temp-check-a…
Today could be the first step of a new Era for Aave, let’s discuss the journey together on the forum
governance.aave.com/t/temp-check-a…
Bonus for the #Frencharts lovers:
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