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Event HorizonEvent Horizonby0xFAD69Bd739c64cC8e3f1C3bb3B60fe4f160174Cchvax.eth

[AAVE] Set ACI as Emission Manager on the Avalanche network

Voting ended almost 2 years agoSucceeded

Simple Summary

Following coordination with the Avalanche Foundation, the ACI is requesting governance approval to appoint the ACI multisig to operate an LM program on the Avalanche network on their behalf.

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, ACI, with its extensive experience and strategic partnerships, is well-positioned to manage these emissions effectively.

A recent example is the Long Term Incentive Program (LTIPP) from Arbitrum DAO, where Aave DAO will receive 750,000 ARB tokens, illustrating the benefits of coordinated emission management.

Specification

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

ACI multisig address: 0xac140648435d03f784879cd789130F22Ef588Fcd

This method will appoint the Aave Chan Initiative (ACI) wallet as the emissions admin for the wAVAX, ggAVAX & sAVAX assets on the Avalanche network

References

  • Implementation: AaveV3Avalanche
  • Tests: AaveV3Avalanche
  • Discussion

Copyright

Copyright and related rights waived via CC0.

https://app.aave.com/governance/v3/proposal/?proposalId=123

Off-Chain Vote

YAE
20 HVAXVC95.2%
NAY
1 HVAXVC4.8%
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Discussion

Event Horizon[AAVE] Set ACI as Emission Manager on the Avalanche network

Timeline

Jun 21, 2024Proposal created
Jun 22, 2024Proposal vote started
Jun 24, 2024Proposal vote ended
Mar 26, 2026Proposal updated