Aave approves expanded automated and manual risk-steward authority

What happened

Aave governance approved proposal 332 to automate discount-rate updates for three Pendle PT feeds and deploy updated manual AGRS contracts across its instances.

What changed

The approved payload would grant RISK_ADMIN authority to new steward contracts, permit automated discount-rate recommendations through Edge Risk Oracle infrastructure, and allow constrained manual e-mode and Pendle discount-rate changes.

What did not change

Execution occurred after the June boundary. The approval did not remove the stated percentage constraints, minimum delays, feed allowlist, or separate handling of GHO.

Confirmed

• The automated steward is limited to whitelisted Pendle PT feeds on Ethereum Core.
• Automated discount-rate changes are constrained to a maximum one percentage-point absolute change every two days.
• Manual e-mode LTV, liquidation-threshold, and liquidation-bonus changes retain stated limits and three-day delays.
• The proposal passed before June 30 ended but was not executed until July 1.

Still open

• Verification of the July execution and final RISK_ADMIN role assignments.
• The complete deployed allowlist and automation configuration.
• How off-chain recommendation failures or stale inputs are handled operationally.
• Whether realized PT pricing behavior remains within memo assumptions.

What it means for an advisor

• Review Aave's oracle and delegated-risk-control map because approval expands automated and manual authority over collateral pricing and e-mode parameters.
• Verify executed roles, limits, allowlists, and revocations before treating the new AGRS configuration as operative.