KVORUM
aaveSource: Aave governor v2 · #303

Treasury Management - Polygon v2 to v3 Migration

executedAug 26, 2023, 07:36 AM UTCby550x55b1…f262

01Summary

AISummary by Kvorumclaude-haiku-4-5

This proposal migrates Aave DAO's treasury assets on Polygon from Aave v2 to v3 by redeeming aTokens from v2 and depositing the underlying assets into v3, improving capital efficiency and yield generation. The migration includes approximately 3.78M USDC, 3.38M DAI, 1.38M USDT, and smaller quantities of other tokens.

Type
protocol addition

Key changes

  • Redeem aTokens from Aave v2 Polygon(high)
  • Deposit underlying assets into Aave v3 Polygon(high)
  • Migrate treasury holdings from v2 to v3 for improved capital efficiency(high)
  • Consolidate unproductive treasury allocations into v3(medium)

Notable concerns

  • Asset quantities specified may change between proposal submission and execution
  • Migration involves multiple token types across the Polygon treasury
Contracts0xe8599F3cc5D38a9aD6F3684cd5CEa72f10Dbc3830x158a6bc04f0828318821bae797f50b0a1299d45b0xC34A9391c08b64C4A9167D9e1E884B3735Ce21b0
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

232 words

Summary

This AIP shall redeem aTokens from Aave v2 Polygon and deposit the underlying assets into Aave v3 Polygon.

Motivation

On Polygon, Aave DAO is currently holding funds on the Aave v2 deployment and also some small unproductive allocations within the Treasury. This AIP will improve DAOs Treasury performance by improving the overall capital efficiency and yield being generated.

As part of broader v2 to v3 migration effort, this AIP shall implement the following:

  • Redeem Assets from Aave v2

  • Deposit Assets from Aave v2 into v3

  • Deposit Assets held in Treasury into Aave v3

For reference, the Aave Polygon Treasury: 0xe8599F3cc5D38a9aD6F3684cd5CEa72f10Dbc383

Specification

Transfer the following assets from Aave v2 to v3. The quantities in this table will change over time between proposal submission & proposal execution, and should not be taken as exact.

NetworkInstanceTokenQuantity
PolygonAave V2AMUSDC3,775,623.68
PolygonAave V2AMDAI3,380,138.80
PolygonAave V2AMUSDT1,379,093.97
PolygonAave V2AMWETH230.91
PolygonAave V2AMWMATIC106,528.66
PolygonAave V2AMBAL1,336.76
PolygonAave V2AMCRV9,404.00
PolygonAave V2AMWBTC0.09
PolygonAave V2AMGHST1,918.59
PolygonAave V2AMLINK33.56

Implementation

A list of relevant links like for this proposal:

The proposal Payload was reviewed by Bored Ghost Developing.

Disclaimer

TokenLogic receives no payment from Aave DAO or any external source for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.

Copyright

Copyright and related rights waived via CC0.

03Mismatch analysis

AIMismatch analysis by Kvorummedium confidenceclaude-sonnet-5
Consistent

The decoded calldata contains a single top-level action: an execute(address) call that triggers execution of a specific payload contract (0xC34A9391c08b64C4A9167D9e1E884B3735Ce21b0). This address exactly matches the 'Deployed Contracts' link provided in the proposal's Implementation section, which the proposer states contains the v2-to-v3 migration logic (redeem aTokens, deposit underlying into v3). Because Aave governance proposals commonly use this two-step pattern — an L1 governance action that triggers execution of a separately audited/reviewed payload contract containing the granular logic — the single decoded action is consistent with the proposal's stated intent. The specific redeem/deposit steps for each asset (AMUSDC, AMDAI, etc.) are not visible at this top level since they live inside the target payload contract's bytecode, which was not separately decoded here. I could not independently verify the internal logic of the target payload matches the specification table exactly, so confidence is medium rather than high. No value, target, or omission discrepancies are evident from the information available — the referenced payload address matches the proposal text precisely.

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

1 total
#0execute(address)chain 0x1
Target
0x158a…d45b
Value
0 wei
Function
execute(address)
Arguments
{
  "0": "0xC34A9391c08b64C4A9167D9e1E884B3735Ce21b0"
}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total
Filter:
VoterChoice% of totalRationale
320x329c…3ed4For108.8K0.00%—3y ago
200x2079…d6ceFor101.2K0.00%—3y ago
B80xb83b…cf5cFor82.5K0.00%—3y ago
EA0xea17…6676For54.1K0.00%—3y ago
B90xb933…8dd1For44.1K0.00%—3y ago
2C0x2cc1…4df1For28.4K0.00%—3y ago
570x57ab…2922For23.9K0.00%—3y ago
180x1855…98baFor3K0.00%—3y ago
870x8787…ea52For1K0.00%—3y ago
DF0xdf06…4977For27.30.00%—3y ago
740x74a2…c125For10.00%—3y ago
730x7306…c011Against10.00%—3y ago
0C0x0c9f…408bAgainst10.00%—3y ago
7C0x7c45…6af8For0.20.00%—3y ago
340x3496…126bFor0.10.00%—3y ago
500x50d2…5318For0.10.00%—3y ago
060x0616…3a7cFor0.10.00%—3y ago
1B0x1be6…9d68For00.00%—3y ago
260x26fd…d4e8For00.00%—3y ago
Showing 19

07Forum

No forum thread is confidently linked to this proposal.