Aave BGD Phase 5
01Summary
Aave DAO is engaging BGD Labs for development and security services from April 1 to October 1, 2025. The engagement includes an upfront payment of 1,150,000 aUSDT and 2,000 AAVE tokens, plus a 6-month payment stream of 1,150,000 aGHO Prime and 2,000 AAVE tokens. Total value is approximately 4,300,000 USD equivalent split between stablecoins and AAVE tokens.
- Type
- treasury allocation
- Funding
- $4300000
Key changes
- Upfront transfer of 1,150,000 aUSDT (v3 Ethereum) from Aave DAO treasury (50% of stablecoins budget)(high)
- Upfront transfer of 2,000 AAVE tokens from Aave Ecosystem Reserve (50% of tokens budget)(high)
- Creation of 6-month payment stream for 1,150,000 aGHO Prime (v3 Ethereum Prime) from execution until October 1, 2025 (remaining 50% of stablecoins budget)(high)
- Creation of 6-month payment stream for 2,000 AAVE tokens from execution until October 1, 2025 (remaining 50% of tokens budget)(high)
- Engagement is binding agreement establishing BGD Labs as service provider for development, technical maintenance, and security coordination(high)
Generated by Kvorum
02Description
Simple Summary
Proposal for an engagement of development and security services between the Aave DAO and BGD Labs, from 1st April 2025 until 1st October 2025.
Motivation
For the last three years, BGD Labs has been a service provider of the Aave DAO, contributing with multiple developments, technical maintenance, and security coordination tasks.
The motivation/goal of this new engagement is same as the previous Phase 4:
- Keep the stability and trust in the Aave technology.
- Innovate responsibly on production systems.
- Support all other non-tech contributors to the DAO, accelerating progress.
In summary, the same as before, but always striving for better.
Specification
A full description of the scope can be found on the Aave Governance Forum HERE or on the pre-approval on ARFC (Aave Request For Comments) HERE.
In terms of implementation, this proposal sets up the payment schedule defined:
- From the Aave DAO's treasury (Collector smart contract), an upfront transfer for a value of 1'150'000 aUSDT (v3 Ethereum), 50% of the stablecoins budget.
- From the Aave DAO AAVE Ecosystem Reserve, an upfront transfer for a value of 2'000 AAVE tokens, 50% of the tokens budget.
- From the Aave DAO's treasury, the creation of a payment stream for a value of 1'150'000 aGHO Prime (v3 Ethereum Prime), from the execution time of this proposal until 1st October 2025 (from proposal execution), completing the 6-month duration, for the other 50% of the stablecoins budget.
- From the Aave DAO AAVE Ecosystem Reserve, the creation of a payment stream for a value of 2'000 AAVE tokens, from the execution time of this proposal until 1st October 2025 (from proposal execution), completing the 6-month duration, for the other 50% of the tokens budget.
The approval of this proposal by Aave governance acts as a binding agreement between the Aave DAO and BGD Labs. Detailed terms of service can be found HERE.
References
- Implementation: AaveV3Ethereum, AaveV3EthereumLido
- Tests: AaveV3Ethereum, AaveV3EthereumLido
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
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Generated by Kvorum
04Actions
- Target
- 0x1a80…0b36
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
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07Forum
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