In-depth Analysis of Aave Governance Module V3: Functionality and Process Overview
Reduced voting costs: By voting on an external network, using the current gas fee level on Polygon as an example, the cost of voting will be between $0.05 and $0.1. This is about 100 times cheaper than the current voting cost in Aave Governance v2. It may even be possible for participants to vote for free in the future, as it is suggested that the DAO covers all participants’ voting costs. If there are 10,000 participants, the total cost will only be $750, which is affordable.
Reduced native token operation costs: There will no longer be balance history snapshots for AAVE and stkAAVE in Aave Governance V3. These token smart contracts will be upgraded, and it is expected that the transfer of AAVE and stkAAVE will be approximately 75% cheaper.
Permissionless automation: Although Aave Governance V3 has many stages that require interaction with the blockchain to produce state transitions, these stages can be automated through Aave bots. This is much more convenient than V2, which requires manual execution by users.
