Why this rating: Full on-chain AIP governance (Governor Bravo-style, app.aave.com/governance) with ARFC temp-checks on aavedao.eth Snapshot — AAVE holders control the treasury via on-chain proposal execution. But economic rights are discretionary: buybacks are committee-directed (Aave Finance Committee + TokenLogic, $50M/yr cut to $30M/yr, PAUSED Apr 2026 after rsETH incident), and the Aavenomics 3.0 automated on-chain buyback routing all protocol+GHO revenue to AAVE is proposed but not yet implemented. GSA-1 pass with delegation flag: treasury control is on-chain via AIP, but bounded allowances are delegated to stewards (MainnetSwapSteward, Risk Stewards) and an emergency Protocol Guardian multisig holds pause/freeze powers — all revocable via AIP; GSA-3 fail (soft): buybacks are discretionary governance approvals, not a hardcoded revenue router; program paused Apr 2026. Aavenomics 3.0 (automated buyback) pending — would upgrade to near-miss/pass if implemented
GSA-1 pass with delegation flag: treasury control is on-chain via AIP, but bounded allowances are delegated to stewards (MainnetSwapSteward, Risk Stewards) and an emergency Protocol Guardian multisig holds pause/freeze powers — all revocable via AIP
GSA-3 fail (soft): buybacks are discretionary governance approvals, not a hardcoded revenue router; program paused Apr 2026. Aavenomics 3.0 (automated buyback) pending — would upgrade to near-miss/pass if implemented
GSA-2 near-miss: no standing elected council; service providers and Protocol Guardian powers are removable via full governance cycle, but there is no direct recall mechanism
GSA-5 near-miss: strong disclosure cadence (monthly treasury reports, risk framework, Aavenomics transparency) but not contract-enforced
Risk Stewards on Aave V4 approved on-chain 2026-09-29 (AIP#523), payloads queued — bounded-parameter event blocks to be recorded at execution; no cell move
Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.
AIP#523 "Activate Aave Risk Stewards on Aave V4" PASSED on-chain 2026-09-29 (371.4K AAVE) — approved-not-executed: payloads queued; 5-role split of the two configurator domain-admin roles to be recorded as on-chain events on execution; no GSA cell move at approval stage
t/25692 [ARFC] Aave Institutional remains ARFC-stage (vote ends 2026-10-04) — no cell moves at ARFC stage per the staged event-block spec