Acquire More aUSDC on Aave Ethereum Collector
01Summary
Aave proposal to deploy Ethereum Collector Contract holdings to earn yield by depositing USDC into Aave v2 and swapping 974,000 aUSDT v2 and 974,000 aDAI v2 into aUSDC v2 to maintain sufficient runway for Service Provider payments.
- Type
- treasury allocation
Key changes
- Deposit existing USDC from Collector into aUSDC v2 to earn yield(medium)
- Swap 974,000 aUSDT v2 for aUSDC v2(medium)
- Swap 974,000 aDAI v2 for aUSDC v2(medium)
Notable concerns
- Follow-up proposal planned to ensure sufficient long-term aUSDC runway
Generated by Kvorum
02Description
Simple Summary
The purpose of this proposal is to hold sufficient runway in v2 USDC and begin deploying a portion of the funds held in the Ethereum Collector Contract to earn yield.
Motivation
This publication presents a proposal for Aave to deploy its Ethereum Collector Contract holdings to earn yield.
There are a number of Service Providers requiring payment in aUSDC. In order to provide sufficient funding, assets need to be converted to aUSDC. This publication proposes swapping assets to USDC and then depositing the USDC into Aave v2. The amount of aUSDC held post swap will be sufficient to sustain the DAO in the short term. We plan to do a follow up proposal to ensure the DAO has sufficient aUSDC runway.
Specification
Perform the following:
- Deposit USDC in Collector into aUSDC v2
- Swap 974,000 aUSDT v2 for aUSDC v2
- Swap 974,000 aDAI v2 for aUSDC v2
References
- Implementation: Ethereum
- Tests: Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
03Mismatch analysis
The on-chain action is a single execute() call to a payload contract, which is the standard Aave governance pattern: the actual logic (USDC deposit, aUSDT→aUSDC swap, aDAI→aUSDC swap) is implemented inside the target contract's bytecode and is not visible in the decoded calldata itself — only the entrypoint call is exposed. The description links to the corresponding Solidity implementation and test files on GitHub, which is consistent with this pattern and cannot be independently verified from the calldata alone. Because the decoded action carries no arguments or sub-calls to compare against the specific claims (deposit amount, swap amounts of 974,000 aUSDT and aDAI), I cannot confirm or refute the numeric details. There is no evidence of contradiction between the description and the single decoded action — the call target and pattern align with what would be expected for this type of proposal — but the lack of granular calldata means confidence in a full comparison is low. No red flags (e.g., mismatched target, suspicious value, extra hidden transfers) are visible in the available decoded data.'
Generated by Kvorum
04Actions
- Target
- 0x7a2f…d3c7
- 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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