KVORUM
aaveSource: Aave governance v3 · #427

stkABPT Emission Update

canceledby570x57ab…2922

01Summary

AISummary by Kvorumclaude-haiku-4-5

Reduce AAVE daily emissions for the legacy stkABPT (Balancer Pool Token staking) from 130 to 40 AAVE/day, extending the distribution period by 90 days. This supports the phaseout of stkABPT incentives while transitioning to Umbrella Safety Modules. stkAAVE itself will be repurposed as a no-risk staking contract unaffected by this change.

Type
parameter change

Key changes

  • Reduce AAVE emission rate for stkABPT from 130 AAVE/day to 40 AAVE/day(high)
  • Extend rewards distribution period by 90 days(medium)
  • Reset and adjust AAVE allowance from Ecosystem Reserve to cover accrued and future emissions(medium)
  • Phase out legacy stkABPT incentives as part of transition to Umbrella Safety Modules(high)

Notable concerns

  • stkABPT emissions will trend toward zero as part of phaseout strategy
  • Ecosystem Reserve must maintain sufficient AAVE allowance to cover extended distribution period
ContractsAaveSafetyModule.STK_AAVE_WSTETH_BPTV2Ecosystem Reserve
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
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02Description

217 words

Simple Summary

Reduce AAVE emissions for the legacy Safety Module stkABPT (stkAAVE/wstETH BPTv2) from 130 AAVE/day to 40 AAVE/day.

Motivation

This change follows the proposal’s direction to phase out stkABPT incentives (as emissions will trend to 0) by reducing incentives on the legacy Safety Module. Reducing stkABPT emissions lowers ongoing incentive spend while supporting the transition towards the Umbrella Safety Modules and improved capital efficiency.

Note: stkAAVE is not being phased out; it will be repurposed into a no-risk staking (dividend yield) contract.

Specification

  • Target module: Legacy Safety Module stake token stkABPT (AaveSafetyModule.STK_AAVE_WSTETH_BPTV2).
  • Change: Update AAVE rewards emission rate from 130 AAVE/day → 40 AAVE/day by setting:
    • emissionPerSecond = 40 AAVE / day (expressed as uint128(40 ether) / 1 days)
  • Distribution end: extend rewards distribution by 90 days: newDistributionEnd = distributionEnd + 90 days.
  • Allowance adjustment (funding): Reset and set the AAVE allowance from the Ecosystem Reserve to the stake token to cover already accrued + future emissions:
    • allowance = currentAllowance + emissionPerSecond * (newDistributionEnd - block.timestamp)
  • No other changes: This payload does not modify stkAAVE emissions, cooldown parameters, slashing parameters, or any Umbrella module emissions.

References

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

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