Aave Liquidity Committee Funding Phase IV
01Summary
This AIP allocates 950,000 GHO tokens to the Aave Liquidity Committee (ALC) for Phase IV, which focuses on sustaining and improving GHO liquidity across Ethereum and Arbitrum networks through integrations with InstadApp, Royco, and Synthetix.
- Type
- treasury allocation
Key changes
- Creation of an allowance for 950,000 GHO tokens on Ethereum to the ALC Ethereum SAFE (0xA1c93D2687f7014Aaf588c764E3Ce80aF016229b)(high)
- Funding for GHO liquidity initiatives including InstadApp vault integration, Royco yield strategy launch, and Synthetix strataGHO perpetual market on Arbitrum(high)
- Phase IV liquidity focus targets 50M DEX liquidity on Ethereum while maintaining current performance metrics (sub-0.10% price impact for $5M swaps, <5% peg volatility, $0.995 price level >90% of the time)(medium)
Generated by Kvorum
02Description
Simple Summary
Upon implementation, this AIP will make available 950,000 GHO to the Aave Liquidity Committee (ALC).
Motivation
Phase IV of the ALC focuses on sustaining and improving GHO liquidity across the Ethereum and Arbitrum networks, while also encouraging broader adoption of GHO through various integrations with other protocols.
In the near future, we expect GHO to be listed on InstadApp, with several curated vaults providing additional utility and yield opportunities for GHO.
GHO is also expected to feature in the upcoming Royco launch, aimed at driving flows into several yield strategies across Ethereum and Arbitrum.
We anticipate achieving the first perpetual market integration for GHO with a strataGHO listing on Synthetix on Arbitrum.
Each integration is expected to provide a use case that strengthens GHO's on-chain liquidity.
The table below presents the performance metrics for the ALC.
| Description | Ethereum Value | Arbitrum Value |
|---|---|---|
| TVL DEX Liquidity Pools | 50M | 30M |
| TVL Utility Liquidity Pools (Excl. stkGHO) | 15M | 10M |
| DEX Liquidity Composition | < 50% GHO (< 33% for 3pools) | < 50% GHO (< 33% for 3pools) |
| Swap Price Impact $5M Swap (GHO to USDC) | < 0.10% | < 0.25% |
| Annualised Peg Volatility | < 5.00% | < 5.00% |
| Price level for >90% time | $0.995 using Redstone Medium Price | $0.995 using Redstone Medium Price |
Achieving 50M of DEX liquidity on Ethereum across various integrations remains a key focus. Whilst we are yet to acheive this target, we are currently very well positioned for current market conditions.
Specification
Create an Allowance for GHO on Ethereum for a total of 950,000 GHO.
ALC Ethereum SAFE: 0xA1c93D2687f7014Aaf588c764E3Ce80aF016229b
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The proposal follows the standard Aave governance execution pattern: the on-chain action is a single call to execute() on a payload contract, which is delegatecalled by the governance executor. The decoded calldata does not expose the internal logic of that payload contract (e.g., the actual GHO.approve/allowance call, the amount, or the recipient Safe address), so it is not possible to directly verify the specific figures (950,000 GHO, ALC Ethereum SAFE address) claimed in the description against the raw decoded action. This is typical for Aave AIPs, where the real specification lives in the linked Solidity implementation file rather than in the top-level calldata. Because the calldata itself contains no arguments or sub-calls to compare against the prose, I cannot confirm or refute the specific amount or recipient claims, and no other omissions, extra actions, or mismatched targets are visible at this level of decoding. Given this opacity, confidence in the comparison is low, and no discrepancy is flagged since none can be substantiated from the available decoded data. Delegates relying solely on this decoded action list would need to inspect the underlying payload contract source to fully verify the amount and recipient match the description exactly.
Generated by Kvorum
04Actions
- Target
- 0x9ed1…981a
- 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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