KVORUM
aaveSource: Aave governance v3 · #219

Aave Liquidity Committee Funding Phase V

executedDec 21, 2024, 06:31 PM UTCby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Aave Liquidity Committee Phase V funding request to deposit 2.5M GHO into Ethereum Prime Instance, swap 1.25M aEthUSDT and 1.25M aEthUSDC to GHO, and create a 2M GHO withdrawal allowance for the ALC to support GHO peg stability and liquidity initiatives across Ethereum, Arbitrum, Avalanche, and Base.

Type
treasury allocation

Key changes

  • Deposit 2.5M GHO into Ethereum Prime Instance(high)
  • Swap 1.25M aEthUSDT to GHO and transfer to Collector(high)
  • Swap 1.25M aEthUSDC to GHO and transfer to Collector(high)
  • Create allowance for ALC to withdraw up to 2M GHO from Prime Instance(high)
  • Fund GHO liquidity initiatives targeting TVL goals of 50M DEX liquidity on Ethereum and 20M on Arbitrum, Avalanche, and Base(high)
  • Support GHO peg stability with target volatility <5% annualized and price level >$0.995 for >90% of time(medium)
  • Enable GHO expansion to Base and Avalanche networks(medium)
  • Facilitate new integrations with protocols including Synthetix, Fluid, and Gearbox(medium)
Contracts0xec89aed62b364816e965d27f658163b8877d7d340xA1c93D2687f7014Aaf588c764E3Ce80aF016229b
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

350 words

Summary

This publication presents the Aave Liquidity Committee (ALC) Phase V request.

Motivation

Phase V focuses on reinforcing GHO’s peg stability and enhancing liquidity to enable seamless large swaps with minimal price impact. It also involves GHO's growth by expanding GHO to new networks, such as Base and Avalanche. New integrations aim to drive adoption by partnering with protocols such as Synthetix on Arbitrum, Fluid, and Gearbox on Mainnet. Additionally, innovative liquidity incentives, like Royco Quests, will further enhance user engagement and ecosystem participation. These initiatives are designed to boost GHO’s utility, broaden its ecosystem reach, and ensure stability across chains, all while being guided by clear and measurable performance metrics.

Some high-level GHO performance metrics Phase V aims to achieve:

DescriptionEthereum ValueArbitrum ValueAvalanche ValueBase Value
TVL DEX Liquidity Pools50M20M20M20M
TVL Utility Liquidity Pools (Excl. stkGHO)15M7.5M7.5M7.5M
DEX Liquidity Composition< 50% GHO (< 33% for 3pools)< 50% GHO (< 33% for 3pools)< 50% GHO (< 33% for 3pools)< 50% GHO (< 33% for 3pools)
Swap Price Impact $5M Swap (GHO to USDC)< 0.10%< 0.25%< 0.25%< 0.25%
Annualised Peg Volatility< 5.00%< 5.00%< 5.00%< 5.00%
Price level for >90% time$0.995$0.995$0.995$0.995

Specification

Deposit 2.5M GHO into the Prime Instance on Ethereum.

Swap the following assets to GHO and transfer to the Collector.

Ethereum
aEthUSDT (1.25M)
aEthUSDC (1.25M)

Create an Allowance allowing the ALC to withdraw GHO from the Prime instance for a total of 2,000,000 GHO.

ALC Ethereum SAFE: 0xA1c93D2687f7014Aaf588c764E3Ce80aF016229b

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorum

A calldata-vs-description analysis is not generated yet. Review the decoded actions →

04Actions

1 total
#0fallback()chain 0x1
Target
0xec89…7d34
Value
0 wei
Function
fallback()
Arguments
{}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.