From fcd277faba0c70f915f2bed2c27cd09f579b59fc Mon Sep 17 00:00:00 2001
From: theode69 <43608531+theode69@users.noreply.github.com>
Date: Tue, 23 Feb 2021 23:43:19 +0100
Subject: [PATCH] Create Gov WeeklyUpdate Week 7 02-23-21.

---
 .../Gov WeeklyUpdate Week 7 02-23-21.         | 48 +++++++++++++++++++
 1 file changed, 48 insertions(+)
 create mode 100644 aave/Gov Weekly/Gov WeeklyUpdate Week 7 02-23-21.

diff --git a/aave/Gov Weekly/Gov WeeklyUpdate Week 7 02-23-21. b/aave/Gov Weekly/Gov WeeklyUpdate Week 7 02-23-21.
new file mode 100644
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+++ b/aave/Gov Weekly/Gov WeeklyUpdate Week 7 02-23-21.	
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+### Governance Update
+
+#### Live Votes
+
+#### Recent Votes
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| AIP 10: AAdding xSushi on AAVE | Parameter Change | [Vote](https://app.aave.com/governance/5-QmYFSYTNqafvDsU1fUvCeAqJk1AuePJ2qvpE3XanJo6ZH6) |
+
+Quorum attained with 100% of votes for YAE. xSushi can now be used as collateral with the following parameters : LTV 25%, Liquidation Threshold 45%, Liquidation Threshold 45%, Reserve Factor 35%
+Aave is the first platform to support xSushi, a yield bearing asset with over of 100m$ currently under utilized.
+
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| AIP 09 : Activation of the Aave Balancer Pool Liquidity Staking | Parameter Change | [Vote](https://app.aave.com/governance/4-QmS8SNqXhvHHUuXBhch2iUkRDpRnM2ds9iqeSdgxjSVSmU) |
+
+The AAVE safety module protects the funds deposited on AAVE. Community voted to start the Safety Incentives (SI) for the Aave Balancer Pool Token 80/20 (ABPT). 
+The initial rewards for stakers is of 550 AAVE/day.
+
+#### Discussions
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| [ARC][POLL] Use aAAVE to participate to governance | Strategy | [View](https://governance.aave.com/t/use-aaave-to-participate-to-governance/2411) |
+Allow users to vote with AAVE, stkAAVE and aAAVE. 11,8% of AAVE in total circulation are aAAVE and only 4,69% of circulating supply has been used to vote during AIP 07 (a record). 
+Most of users use their AAVE as a collateral and they are at the moment excluded from the voting process.
+
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| Opening AAVE on the Binance smart chain | Strategy | [View](https://governance.aave.com/t/opening-aave-on-the-bsc/2583) |
+Binance Smart Chain is the third most used blockchain which gathers many new adopters. Because of recent high fees and network congestion, contributor proposed to implement Aave on the BSC.
+Community is strongly opposed to that.
+
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| Introduce Liquidity Incentives for Aave v2 | Treasury | [View](https://governance.aave.com/t/proposal-introduce-liquidity-incentives-for-aave-v2/2340/25) |
+Design liquidity mining (LM) program optimized for the long term growth of Aave. ParaFi proposes a distribution of 550 Staked AAVE per day, split 50-50 between lenders and borrowers of the most popular markets.
+Generally, the community is strongly opposed to this proposition. LM seems useless and totally inefficient at this point. 
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| [ARC][POLL] Create AAVE governance badges | Product | [View](https://governance.aave.com/t/arc-poll-create-aave-governance-badges/2404) |
+Interactions on the forum feel impersonal and contributors are not rewarded for their investment. Introduceing “Badges” into the forum would gamify the governance experience.
+Similar to a proof of attendance, badges are testimonials of different achievements user has done into the Aave ecosystem.