April Finance Update Part B
01Summary
April treasury management update (Part B) involving swapping ~500,000 DAI to GHO, setting allowances for ALC safe in USDC and aEthUSDT, and depositing collector balances of wETH, wBTC, and USDC into Aave V3 Ethereum.
- Type
- treasury allocation
Key changes
- Swap DAI bridged from Polygon to GHO (~500,000 units)(medium)
- Create allowance for ALC safe of USDC (1,000,000 units)(medium)
- Create allowance for ALC safe of aEthUSDT (1,000,000 units)(medium)
- Deposit Collector wETH balance into Aave V3(medium)
- Deposit Collector wBTC balance into Aave V3(medium)
- Deposit Collector USDC balance (minus ALC approval) into Aave V3(medium)
Generated by Kvorum
02Description
Simple Summary
This proposal presents April's funding update part B, which is a follow up to the one executed last week, including the following key activities:
- Swap DAI bridged from Polygon on Part A to GHO
- Create allowance for ALC safe of USDC and aEthUSDT
- Deposit underlying balances into Aave V3 Ethereum
Motivation
This is an ongoing effort to manage the DAO's treasury as can be seen in the April Update and GSM funding update.
Specification
- Swap DAI bridged from Polygon on Part A to GHO (~500,000 units)
- Create allowance for ALC safe of USDC for 1,000,000
- Create allowance for ALC safe of aEthUSDT for 1,000,000
- Deposit Collector wETH balance into V3
- Deposit Collector wBTC balance into V3
- Deposit Collector USDC balance (minus ALC approval) into V3
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The decoded on-chain action is a single opaque call to execute() on what appears to be a payload/executor contract address, with no further decoded sub-calls or arguments. This is the standard pattern for Aave governance proposals, where the actual granular logic (token swaps, allowance approvals, Aave V3 deposits) is implemented inside the payload contract's bytecode and is not exposed in the top-level decoded calldata. Because none of the specific claims in the description — the DAI-to-GHO swap amount, the USDC/aEthUSDT allowance amounts for the ALC safe, or the wETH/wBTC/USDC deposits into Aave V3 — can be individually verified or contradicted from the single execute() call, I cannot perform a line-by-line comparison of values or targets. There is nothing in the visible calldata that contradicts the description, and the overall shape (one action executing a proposal payload) is exactly what's expected for this type of Aave treasury-management proposal. Given the lack of decoded internal detail, confidence in this assessment is low, and no specific discrepancies can be substantiated at this time.
Generated by Kvorum
04Actions
- Target
- 0xea29…701d
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
No forum thread is confidently linked to this proposal.
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