Update to the Liquidity Mining Distribution
01Summary
AIP 37 fixes a misconfiguration in the liquidity mining distribution where newly added assets were not receiving rewards. The fix increases rewards proportionally for those assets based on when they should have started receiving rewards, with the new emission rate calculated by a formula in the payload contract and going live upon execution.
- Type
- parameter change
Key changes
- Fix misconfiguration preventing newly added liquidity mining assets from receiving rewards(high)
- Increase rewards proportionally for affected assets based on retroactive start date and execution timestamp(high)
- Implement new emission rate formula for liquidity mining distribution(high)
Notable concerns
- Misconfiguration resulted in incorrect reward distribution for assets added in the August 24th update
Generated by Kvorum
02Description
AAVE AIP 37
Update to the Liquidity Mining Distribution
The latest liquidity mining proposal went live on August 24th.
A misconfiguration was found in the latest liquidity mining distribution: new assets added to the program are not receiving rewards. This AIP fixes the misconfiguration, increasing the rewards proportionally for those assets by taking into account when they should have started receiving rewards and the execution timestamp of this update.
The new emission rate will be determined by the formula listed in this AIP’s payload. The new emission rate will go live once this AIP is executed.
03Mismatch analysis
The proposal contains a single decoded action: a call to execute() on the address 0xc5dc99a421e3fb9d64c7b5bbb47a5e072370ede8. This address matches (case-insensitively) the payload contract address explicitly named in the description as containing the formula for the corrected emission rate. This is consistent with Aave's standard governance pattern, where the on-chain proposal simply triggers execution of a payload contract that contains the detailed logic (in this case, the liquidity mining reward recalculation). Since the decoded calldata shows only a generic fallback/execute() call with no arguments, the specific numeric formula, affected assets, and proportional reward calculations described in the prose cannot be independently verified from the decoded data alone — they live inside the payload contract's bytecode, which is referenced correctly but not decoded further. There is no target mismatch, no unexplained extra actions, and no numeric claims in the description that could be checked against decoded arguments (the description does not state specific percentages or amounts, only a qualitative description of the fix). Given the address match and the standard nature of this execute() pattern, I assess this as consistent, with medium confidence because the underlying formula logic itself is not visible in the decoded arguments and thus not independently verifiable against the prose's claims about proportional back-payment.
Generated by Kvorum
04Actions
- Target
- 0xc5dc…ede8
- Value
- 0 wei
- Function
- fallback()
- Arguments
{}- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 470x47c1…4770 | For | 245.2K | 0.00% | — | 5y ago |
| DD0xdd70…8202 | For | 222.9K | 0.00% | — | 5y ago |
| 100x10f8…1f92 | For | 117.5K | 0.00% | — | 5y ago |
| 0C0x0c94…297b | For | 74.5K | 0.00% | — | 5y ago |
| FC0xfc56…5e0c | For | 64.9K | 0.00% | — | 5y ago |
| 450x458c…730e | For | 10K | 0.00% | — | 5y ago |
| 070x0703…961b | For | 10K | 0.00% | — | 5y ago |
| 700x704d…a0df | For | 3.8K | 0.00% | — | 5y ago |
| 800x80dc…c146 | For | 2.7K | 0.00% | — | 5y ago |
| 0F0x0fbb…262c | For | 104.9 | 0.00% | — | 5y ago |
| 7F0x7f18…caed | For | 75.1 | 0.00% | — | 5y ago |
| 1D0x1d5e…69f4 | Against | 36.1 | 0.00% | — | 5y ago |
| A80xa89f…9611 | For | 31.2 | 0.00% | — | 5y ago |
07Forum
No forum thread is confidently linked to this proposal.
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