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BalancerBalancerby0xcc6A949DB9b26a7173648d50Cf7C55e800E6585B0xcc6A…585B

[Proposal] Increase AAVE capTier from cap4 to cap5 (30M -> 100M)

Voting ended almost 5 years agoSucceeded

This proposal also appears on Balancer's forum.

After only 10 days being live, the liquidity on the Aave Balancer-based Safety Module has steadily grow up to ~$220M. Volume has also kept the pace of liquidity and during the last days, AAVE/WETH 80/20 is the pool with the highest daily volume across all Balancer. With more liquidity at stake, the rewards on the Aave Safety Module went down, but keeping in good levels of ~40% APY.

Taking into account the previous numbers, we propose to raise the liquidity mining cap from $30M (cap4) to $100M (cap5) for $AAVE, following the previous raise approved on Snapshot.

Off-Chain Vote

Increase AAVE cap to $100M
667.85K 89.1%
Keep AAVE cap at $30M
81.25K 10.8%
Decrease AAVE cap to $10M
673.79 0.1%
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Timeline

Feb 19, 2021Proposal created
Feb 19, 2021Proposal vote started
Feb 21, 2021Proposal vote ended
Oct 26, 2023Proposal updated