KVORUM
aaveSource: Aave governor v2 · #330

Treasury Management - Create AGD GHO Allowance

canceledSep 30, 2023, 01:06 PM UTCby550x55b1…f262

01Summary

AISummary by Kvorumclaude-haiku-4-5

Replace Aave Grants DAO's DAI allowance with a GHO allowance by swapping 228,000 aEthUSDC and 150,000 aEthUSDT to GHO (388,000 units total), enabling AGD to be rewarded in GHO instead of DAI while supporting GHO's peg.

Type
parameter change
Funding
$388000

Key changes

  • Cancel aDAI allowance for AGD multisig(high)
  • Create GHO allowance of 388,000 units for AGD multisig(high)
  • Swap 228,000 aEthUSDC and 150,000 aEthUSDT to GHO from Treasury(high)

Notable concerns

  • Implementation depends on GHO market conditions and swap execution at time of proposal passage
Contracts0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c0x89C51828427F70D77875C6747759fB17Ba10Ceb0
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

255 words

Summary

This AIP will replace Aave Grants DAO’s (AGD) DAI allowance with a GHO allowance.

Motivation

Upon implementation of this proposal, AGD contributors and grant recipients are to be rewarded with GHO, and any other asset held in the AGD’s multisig.

Given that GHO is currently trading below $1, the Aave DAO can purchase GHO from the market and use it to fund AGD. This is expected to help support the GH peg whilst also promoting the usage and adoption of GHO.

By implementing this proposal the Aave DAO is sending a strong signal of support for GHO by using it to reward contributors to the community.

Specification

The following assets from the Treasury are to be swapped to GHO using the Aave Swap Contract:

  • 228,000 units of aEthUSDC
  • 150,000 units of aEthUSDT

GHO is to be transferred to the Treasury.

The following Ethereum Treasury allowances are to be amended:

  • Cancel aDAI Allowance
  • Create GHO Allowance (388,000 units)

The AGD mulisig eth:0x89C51828427F70D77875C6747759fB17Ba10Ceb0 will be able to use the allowance function on 0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c to claim the GHO.

Implementation

A list of relevant links like for this proposal:

The proposal Payload was reviewed by Bored Ghost Developing.

Disclosure

TokenLogic receives no payment from the 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

placeholder

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
#0fallback()chain 0x1
Target
0x7fba…fa60
Value
0 wei
Function
fallback()
Arguments
{}
Calldata

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.