[AGIP 120] Allocation of Aerodrome POL Rewards

Author: coderdan (1484) Quorum requirement: 20% (9M) Vote duration: 7 days

Proposal Details

This proposal is a followup on the successful passing of AGIP 118 - Proposal to Add Liquidity on Aerodrome and earn AERO. This proposal applies retroactively to the rewards we are currently accruing.

Currently, any AERO that is earned by the DAO via the Aerodrome liquidity flywheel cannot be allocated because the terms were not in the original proposal.

This prop proposes to allocate any AERO earned by our POL (protocol-owned liquidity) on Aerodrome in the following way:

20% converted to ETH 80% added to the GHST/WETH liquidity pool incentives for the next epoch

These transactions should be carried out within seven (7) days of receiving the AERO, unless extenuating circumstances cause delays.

The proposed length for this allocation is three months. After three months, a new proposal will be drafted and submitted to AavegotchiDAO to either continue the allocation as is, or make changes.

Thank you for your consideration frens!