Aave

Following the successful launch of V3 of the Aave Protocol, this Snapshot seeks approval from the Aave DAO to provide retroactive funding for the development and deployment of V3 by the Aave Companies.

Aave V3 provided enhanced features to the Aave Protocol based on community feedback, solving limitations in V2 while pushing important new features to the forefront of the protocol and contributing to the overall success and strength of the Aave ecosystem.

Some of the important new features include:

• New modes such as the High Efficiency Mode and Isolation Mode which allow for increased capital efficiency whilst limiting risks for the protocol.
• Risk Management Improvements providing additional protection to the protocol through risk caps and other tools.
• L2-Specific features which improve user experience and reliability.
• Portal, which allows assets to seamlessly flow between Aave V3 markets over different networks

We propose that the Aave DAO retribute $15 million (incurred work) and $1.28 million (audit) to the Aave Companies to retroactively fund the development of V3. This funding request covers work done by members of the Aave Companies over the course of more than a year.

If this Snapshot receives community approval an AIP will be published at a later date to proceed as outlined.

The full proposal can be found here: https://governance.aave.com/t/arc-aave-v3-retroactive-funding/9250/25?u=aavecompanies