XG177

[ARFC-ADDENDUM] Aave DAO & Chainlink Smart Value Recapture (SVR)

Voting ended 11 months agoSucceeded

[ARFC-ADDENDUM] Aave DAO & Chainlink Smart Value Recapture (SVR)

Author: ACI

Date: 2025-03-12

Summary

The current proposal pretends to formalize a six-month collaboration agreement between Aave DAO and Chainlink regarding the potential integration of Chainlink’s Smart Value Recapture (or SVR) system.

Motivation

The DAO is currently discussing the activation of Chainlink’s SVR system in Phase 1, (as its currently being discussed at ARFC Snapshot stage)

If proposal passes, SVR is expected to enhance Aave’s value recapture in liquidation scenarios, potentially generating significant additional revenue.

Therefore it makes sense to formalize an agreement that would include a revenue sharing model and exclusivity to align incentives and ensure focused development on the Aave ecosystem.

This proposal is an addendum of [ARFC] Aave <> Chainlink SVR v1. Phase 1 activation.

Specification

Revenue Sharing Mechanism

The revenue split initially proposed will be set to:
- 65% to Aave
- 35% to Chainlink
This distribution will be in effect for six months from the date of activation of the first SVR in Aave pools.
Chainlink will send the proceeds of SVR directly to the Aave Ethereum Collector on https://etherscan.io/address/0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c, weekly or any reasonable minimal period for gas cost of the transfer being substantially lower than the value transferred

Mutual Exclusivity Terms

During a 3-month period:
- Aave will exclusively work with Chainlink for price oracle SVR-related value recapture.
- Chainlink will exclusively provide SVR services to Aave.

Implementation

After the 6 months period, a new ARFC can be proposed, to reassess and redefine the collaboration terms ( based on feedback, metrics, etc).

Useful Links

[TEMP CHECK] Aave <> Chainlink SVR v1 integration

[ARFC] Aave <> Chainlink SVR v1. Phase 1 activation

TEMP CHECK Snapshot

[ARFC Snapshot]

Disclaimer

The current proposal is powered by Skywards. ACI is not directly affiliated with Chainlink and did not receive compensation to this proposal.

Next Steps

Escalate proposal to ARFC Snapshot.
If the ARFC snapshot outcome is YAE, consider the proposal canon and enforce the agreement.

Copyright

Off-Chain Vote

YAE

783.45K AAVE100%

NAY

2.38 AAVE0%

Abstain

0.13 AAVE0%

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Discussion

[ARFC-ADDENDUM] Aave DAO & Chainlink Smart Value Recapture (SVR)

Timeline

Mar 13, 2025Proposal created

Mar 14, 2025Proposal vote started

Mar 17, 2025Proposal vote ended

Feb 03, 2026Proposal updated

Motivation

The DAO is currently discussing the activation of Chainlink’s SVR system in Phase 1, (as its currently being discussed at ARFC Snapshot stage)

If proposal passes, SVR is expected to enhance Aave’s value recapture in liquidation scenarios, potentially generating significant additional revenue.

Therefore it makes sense to formalize an agreement that would include a revenue sharing model and exclusivity to align incentives and ensure focused development on the Aave ecosystem.

Specification

Revenue Sharing Mechanism

The revenue split initially proposed will be set to:

65% to Aave
35% to Chainlink

This distribution will be in effect for six months from the date of activation of the first SVR in Aave pools.

Chainlink will send the proceeds of SVR directly to the Aave Ethereum Collector on https://etherscan.io/address/0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c, weekly or any reasonable minimal period for gas cost of the transfer being substantially lower than the value transferred

Mutual Exclusivity Terms

During a 3-month period:

Aave will exclusively work with Chainlink for price oracle SVR-related value recapture.
Chainlink will exclusively provide SVR services to Aave.