Set ACI as Emission Manager for wstETH & tBTC
01Summary
Appoint Aave-Chan Initiative (ACI) as the Emission Manager for wstETH and tBTC to manage liquidity mining programs and incentivize supply growth on Aave, with ACI multisig (0xac140648435d03f784879cd789130F22Ef588Fcd) granted setEmissionAdmin() permissions.
- Type
- governance change
Key changes
- Set ACI multisig as emission manager for wstETH (Lido instance) to manage supply incentives program and prepare for Liquid e-mode with LRTs(high)
- Whitelist ACI multisig for tBTC emission management on Aave V3 Ethereum main instance to kickstart asset growth(high)
- Grant setEmissionAdmin() permissions to ACI multisig address 0xac140648435d03f784879cd789130F22Ef588Fcd via Emission Manager contract(high)
Notable concerns
- Centralization of emission management authority to single multisig entity
- Dependency on ACI's strategic partnerships and management capabilities for liquidity mining effectiveness
Generated by Kvorum
02Description
Simple Summary
This AIP proposes to appoint the Aave-Chan Initiative (ACI) as the Emission Manager for wstETH & tBTC.
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, with its extensive experience and strategic partnerships, ACI is well-positioned to manage these emissions effectively.
To extend Lido Instance growth, the ACI proposes setting its multisig as the emission manager for wstETH on the Lido instance. This is meant to kickstart a wstETH supply incentives program to prepare the ground for Liquid e-mode with LRTs on this instance.
This AIP also seeks to whitelist the ACI for tBTC on the Aave V3 Ethereum main instance to kickstart this asset growth.
Specification
The ACI multisig address will be set as the emission manager via the setEmissionAdmin() method in the relevant emission manager contracts for wstETH & tBTC.
ACI multisig address: 0xac140648435d03f784879cd789130F22Ef588Fcd wstETH: 0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0 tBTC: 0x18084fbA666a33d37592fA2633fD49a74DD93a88 Aave Emission Manager contract on Ethereum: 0x223d844fc4B006D67c0cDbd39371A9F73f69d974
References
- Implementation: AaveV3EthereumLido
- Tests: AaveV3EthereumLido
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The proposal description details two specific setEmissionAdmin() calls to appoint the ACI multisig as emission manager for wstETH and tBTC, naming exact contract addresses. However, the only decoded on-chain action available is a generic execute() fallback call to a single payload contract address (0xcc01d14caa28f7fb6a638587e829e7e4bf22616f), with no arguments. This is consistent with Aave's standard governance pattern where the top-level proposal action delegatecalls into a purpose-built payload contract that internally performs the specific calls described in the prose. Because the internal logic of that payload contract is not included in the decoded calldata provided, I cannot directly verify that it calls setEmissionAdmin() on the exact wstETH and tBTC emission manager addresses named in the description, nor confirm the recipient (ACI multisig) address matches exactly. Nothing in the available calldata contradicts the description, and this pattern is routine for Aave governance, so I am not flagging a discrepancy. However, confidence is low because the actual state-changing calls are not visible for direct comparison — a reviewer with access to the payload contract's bytecode/source (referenced in the description's GitHub link) would need to confirm the specific setEmissionAdmin targets and recipient match what's claimed.
Generated by Kvorum
04Actions
- Target
- 0xcc01…616f
- 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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