[AAVE] July 2025 - Funding Update

Simple Summary

This publication presents the July Funding Update, consisting of the following key activities:

• Bridge funds to Ethereum from Arbitrum and Polygon;
• Extend EURe incentive campaign and,
• Swap LUSD, PYUSD and DAI to USDC.
• Gas costs reimbursement to ACI.
• Orbit renewal program.
• Continue AAVE Buybacks for 4 weeks.

Motivation

This publication combines near term operational needs and migrating assets held on L2s and side chains to Ethereum.

The below outlines the objectives of this publication:

• Consolidating funds to Ethereum; and,
• Support near term operational requirements.

Orbit Renewal

Orbit recognizes the added value of the Delegates in the decentralization & diversity of the Aave DAO. This compensation allows them to focus on Aave and keep their contribution efforts to our governance. The ACI proposes the extension of Orbit for a new quarter, Q2 2025, from 2025-04-01 to 2025-06-30.

The snapshot for Orbit can be found here. The governance discussion can be found here.

Specification

Bridge the following assets to Ethereum.

| Network | Token | Amount | | -- | | | | Polygon | USDT | All | | Polygon | DAI | All | | Polygon | USDC.e | All | | Polygon | LINK | All | | Polygon | wETH | All | | Arbitrum | DAI | All | | Arbitrum | USDC.e | All |

Swap the following assets as outlined in the table below on Mainnet:

| Token | Amount | Swap | | -- | |

• | | DAI | All | USDS | | LUSD | All | USDC | | PYUSD | All | USDC |

Ahab Budget Extension

Asset: aEthUSDT 0x23878914EFE38d27C4D67Ab83ed1b93A74D4086a Amount: 0.25M

Asset: aEthUSDC 0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c Amount: 0.25M

Asset: aEthLidoUSDS 0x09AA30b182488f769a9824F15E6Ce58591Da4781 Amount: 0.25M

Asset: aEthLidoGHO: 0x18eFE565A5373f430e2F809b97De30335B3ad96A Amount: 0.25M

Spender: Ahab 0xAA2461f0f0A3dE5fEAF3273eAe16DEF861cf594e

Gnosis Liquidity Mining Rewards

GnosisV3Collector Approval Asset: aGnoEURe: 0x3e652E97ff339B73421f824F5b03d75b62F1Fb51 Amount: 6,000 Spender: ACI 0xdef1FA4CEfe67365ba046a7C630D6B885298E210

AAVE Buybacks

Create a 2M aEthUSDT and 2M aEthUSDC allowance for the Aave Finance Committee to perform 6 weeks of AAVE buybacks.

Asset: aEthUSDT 0x23878914EFE38d27C4D67Ab83ed1b93A74D4086a Amount: 2M

Asset: aEthUSDC 0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c Amount: 2M

Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa

Method: approve() aEthUSDT and aEthUSDC on the Aave Collector contract to the AFC address.

References

• Implementation: AaveV3Ethereum, AaveV3Polygon, AaveV3Arbitrum, AaveV3Gnosis
• Tests: AaveV3Ethereum, AaveV3Polygon, AaveV3Arbitrum, AaveV3Gnosis
• Snapshot: Direct-to-AIP
• SnapshotOrbit
• Discussion
• DiscussionOrbit

Copyright

Copyright and related rights waived via CC0.

https://app.aave.com/governance/v3/proposal/?proposalId=349