Governance

Aave Governance — a group of more than 100,000 wallet addresses who can make proposals and vote on such proposals — can vote to add/remove:

• "Permission Admins" (also referred to as whitelisters) that perform KYC, AML, antifraud and onboarding services to enable institutions or private investors to join the Aave Arc market.

• Assets from the Aave Arc market.

Proposals to add/remove additional whitelisters or assets must go through Aave governance.

In the event Aave Governance votes affirmatively on a proposal to update or amend the Aave Arc market, the proposal is queued in the ArcTimelock. The ArcTimelock works as an extension of current Aave Governance. The shortExecutor calls the queue method with the "real" action to perform and it gets registered as ActionsSet.

The market guardians can collectively veto non-compliant proposals during the period when it is queued in ArcTimelock.

The Short Executor is the only one able to queue actions to the ArcTimelock.