[AIP-66] Approve POL for L2 Liquidity

Author

jameskbh

Summary

This proposal seeks approval from the Aura Treasury to bridge protocol-owned liquidity to the L2s where Aura is deployed and to provide up to 5% of protocol-owned liquidity (POL) of AURA-wETH for liquidity on each chain, natively.

Motivation

In collaboration with Beethoven X and Balancer, Aura has seen incredible growth and development on key layer 2 networks. Moreover, it has become evermore apparent from ecosystem partners that they would like to continue building on top of Aura and Balancer. Seeding protocol owned liquidity on L2s will help to accomplish this.

Therefore, to foster activity one those chains, to allow the use of Aura tokens by other protocols, and the current expansion of pools on the several L2s where Aura is currently deployed, Aura would like to continue this success by allowing integration opportunities via native L2 liquidity.

Upon community approval, Aura DAO will deposit liquidity into Balancer on Arbitrum, Polygon PoS, Polygon zkEVM, and Base. The creation of this pool will unlock users' ability to trade AURA on these L2s and increase protocol integration potential.

Specification

This proposal seeks approval on the creation of an AURA-wETH pool on Arbitrum, Polygon PoS, Polygon zkEVM and Base with up to 5% of POL. Aura DAO will redeem 20% of the 80-20 pool on mainnet, then bridge the ETH and AURA over Arbitrum, Polygon PoS, Polygon zkEVM and Base, and finally create the pools on the L2s.

The POL will be held in Aura’s treasury on those chains.

Voting

This vote will be a single-choice vote. You may vote “For” or “Against” this proposal, or choose to abstain from the vote. By voting “For” this proposal, you are voting in favor of approving the Aura Treasury to provide up to 5% of POL for liquidity on each of those chains: Arbitrum, Polygon PoS, Polygon zkEVM and Base.