[AAVE] [ARFC] Establishing the Aave Protocol Embassy (APE)
Title: [ARFC] Establishing the Aave Protocol Embassy (APE)
Author: Marc Zeller - Aave Chan Initiative
Date: 2024-01-29
Summary
The Aave Chan Initiative proposes the establishment of the Aave Protocol Embassy (APE), a dedicated entity to represent the Aave DAO in the governance of other protocols, particularly for upcoming Long-Term Incentive Plans (LTIPs) on networks like Arbitrum.
Motivation
The Aave DAO possesses significant voting power in various governance tokens. However, the current structure of the collector contract hinders direct participation in other DAOs' governance. To effectively leverage this power and actively participate in pivotal governance decisions, such as LTIPs on Arbitrum, the creation of APE is essential. This will allow the Aave DAO to have a mete-governance embassy represented by Aave DAO service providers and significant delegates.
Specification
APE will function as a 3/4 Gnosis SAFE multisig, holding governance tokens to cast votes on behalf of the Aave DAO. The proposed multisig structure requires a 3/4 signature for actions:
- ACI (acting as the coordinator) : Delegate and service provider
- Token Logic : Delegate and service provider
- KarpatKey: Delegate and service provider
- EzR3al : largest delegate platform
This proposal aims to seed this Multisig with Aave DAO ARB tokens currently held by the Aave Collector contract. Aave Treasury V3
Next Steps
- Initiate a discussion within the Aave community to gather feedback on the proposal.
- Conduct a snapshot vote for community consensus.
- If successful, proceed with an AIP seeding the multisig with the ARB tokens
Disclosure
The Aave Chan Initiative, along with the proposed multisig members, will manage APE with a commitment to representing Aave DAO's best interests in external protocol governance, without external compensation.
Copyright
Copyright and related rights waived under Creative Commons Zero (CC0).
Off-Chain Vote
YAE
14 HVAXVC100%
NAY
0 HVAXVC0%
Abstain
0 HVAXVC0%
Timeline
Feb 05, 2024Proposal created
Feb 06, 2024Proposal vote started
Feb 08, 2024Proposal vote ended
Apr 08, 2026Proposal updated