Orbit Program Renewal - Q3 2024
01Summary
Renewal of the Orbit delegate compensation program for Q3 2024 (May 13 - August 30), distributing 68,800 GHO and 4.3 ETH to recognized delegates (EzR3al, StableNode, Saucy Block, Areta) for governance contributions, plus a one-off 2,200 GHO compensation for missed payments between rounds, and finalizing service provider gas reimbursements (ACI 2.91 ETH, Catapulta 0.67 ETH, TokenLogic 0.72 ETH).
- Type
- treasury allocation
- Funding
- $68800 GHO + 4.3 ETH
Key changes
- Distribute 68,800 GHO to recognized delegates for Q3 2024 governance activity(high)
- Allocate 4.3 ETH total: 2.91 ETH to ACI, 0.67 ETH to Catapulta, 0.72 ETH to TokenLogic for service provider gas reimbursement(high)
- Provide one-off compensation of 2,200 GHO to account for gap between previous and current Orbit round(medium)
- Segregate future service provider gas reimbursements from Orbit program to be managed through monthly treasury management updates(medium)
Generated by Kvorum
02Description
Simple Summary
Proposing the renewal of the Orbit program for recognized delegates, compensating them with GHO and ETH reimbursement of Gas costs , associated with their governance activity during part of Q3 2024 ( From 2024-05-13 to 2024-08-30).
To compensate the missed compensation between the previous round of Orbit and the current one, a one-off compensation of 2200 GHO (worth 13 days of stream) is implemented.
Motivation
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, Q3 2024, from 2024-05-13 to 2024-08-30. An additional compensation is provided to account for the gap in distribution.
Gas Rebate:
Initially meant to reimburse gas cost associated with governance voting, the gas rebate has been entirely focused on service provider gas reimbursement since the launch of Aave governance V3, we propose to segregate these payments after this proposal to keep focus and consistency in the Orbit program.
Gas reimbursements from service providers activity are proposed to be managed by Aave Finance service providers in their monthly treasury management update.
Specification
- Period Coverage: Blocks 19860032 (May 13th 2024) to Block 20639896 (August 30th 2024)
- Eligible Platforms:
- EzR3al
- StableNode
- Saucy Block
- Areta
- Gas Rebate: Last service provider gas rebate using orbit:
- ACI : 2.91 ETH
- Catapulta: 0.67 ETH
- TokenLogic: 0.72 ETH
- Budget: 68800 GHO and 4.3 ETH
- Relevant Links:
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
Generated by Kvorum
04Actions
- Target
- 0x8d85…8564
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
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07Forum
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