hvax.eth

[AAVE] Set ACI as Emission Manager for wstETH & tBTC

Voting ended over 1 year agoSucceeded

Simple Summary

This AIP proposes to appoint the Aave-Chan Initiative (ACI) as the Emission Manager for wstETH & tBTC.

Motivation

Liquidity mining programs are essential for attracting liquidity providers by offering rewards for their participation. Effective management of these programs is crucial for the sustained growth of the Aave Ecosystem. Therefore, with its extensive experience and strategic partnerships, ACI is well-positioned to manage these emissions effectively.

To extend Lido Instance growth, the ACI proposes setting its multisig as the emission manager for wstETH on the Lido instance. This is meant to kickstart a wstETH supply incentives program to prepare the ground for Liquid e-mode with LRTs on this instance.

This AIP also seeks to whitelist the ACI for tBTC on the Aave V3 Ethereum main instance to kickstart this asset growth.

Specification

The ACI multisig address will be set as the emission manager via the setEmissionAdmin() method in the relevant emission manager contracts for wstETH & tBTC.

ACI multisig address: 0xac140648435d03f784879cd789130F22Ef588Fcd wstETH: 0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0 tBTC: 0x18084fbA666a33d37592fA2633fD49a74DD93a88 Aave Emission Manager contract on Ethereum: 0x223d844fc4B006D67c0cDbd39371A9F73f69d974