stS Loop Incentive Program
01Summary
Aave proposes a 3-month stS loop incentive program allocating 40,000 wS from the Aave Collector to deepen stS liquidity on Aave v3, leveraging an exclusive partnership with Beets and cashback incentives based on stS collector revenue.
- Type
- treasury allocation
- Funding
- $40000 wS (Sonic)
Key changes
- Approve 40,000 wS (aSonwS token) transfer from Aave Collector to MASiv Nested SAFE for stS loop incentive program(high)
- Fund 3-month stS liquidity bootstrap program with cashback incentives tied to stS collector revenue(high)
- Establish exclusive stS lending market relationship with Beets, preventing external stS lending market incentivization(high)
Notable concerns
- Dependency on Beets maintaining exclusivity commitment
- Program duration limited to 3 months with unclear sustainability mechanism beyond initial period
- Cashback incentive structure tied to collector revenue requires ongoing monitoring
Generated by Kvorum
02Description
Simple Summary
This ARFC proposes the launch of a 3-month stS loop incentive program on Aave. The goal is to deepen stS liquidity on Aave, align incentives with Beets, and ensure Aave remains the exclusive lending market for stS.
Motivation
Beets has committed to Aave as the exclusive home for stS liquidity and will not incentivize or market any external stS lending market. This commitment aligns with the broader “Just Use Aave” strategy and presents a strong opportunity to consolidate stS liquidity on Aave v3.
To support this integration and unlock meaningful TVL, this ARFC outlines a clear path forward to bootstrap stS<>wS loop participation via:
- Cashback incentives based on stS collector revenue.
- Clarity around exclusivity boundaries regarding Beets’ Boosted Pools.
Specification
An allowance from the Aave Collector will be requested to fund the 40,000 wS budget via a single transaction to the designated MASiv Nested SAFE.
The initial Allowance is for 40,000 wS from Sonic instance.
Asset: aSonwS 0x6C5E14A212c1C3e4Baf6f871ac9B1a969918c131[https://sonicscan.org/address/0x6C5E14A212c1C3e4Baf6f871ac9B1a969918c131]
Amount: 40,000
Spender: Masiv nested safe 0x565B80842eCEDad88A2564Ea375CE875Ed3bAdeC[https://sonicscan.org/address/0x565B80842eCEDad88A2564Ea375CE875Ed3bAdeC]
Method: approve() aSonwS on the Aave Collector contract to the Masiv address.
References
- Implementation: AaveV3Sonic
- Tests: AaveV3Sonic
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
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04Actions
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