ARC: Aave V3 Retroactive Funding

We thank the Aave community for your supportive votes on the retroactive funding proposal. We want to inform the DAO that the transfers were executed on 9/9/22.

Upon full examination and due diligence related to each transfer, we identified an error that occurred when calculating the pay-out price of RAI.

Instead of pricing RAI at $2.63 , it was priced at $0.13. This resulted in an overpayment for the 66,094.61 aRAI.

We executed a full return of all 66,094.61 aRAI to the DAO on 23/9/22.

Transaction Link: Ethereum Transaction Hash (Txhash) Details | Etherscan

3 Likes