# \[ARFC\] Aave Finance Steward Deployment **URL:** \ **Category:** Governance\ **Created:** [March 18, 2025, 3:18pm UTC](https://governance.aave.com/t/arfc-aave-finance-steward-deployment/21495 "2025-03-18T15:18:32Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![TokenLogic](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/tokenlogic/32/8248_2.png) [@TokenLogic](https://governance.aave.com/u/TokenLogic)\ **Post date:** [March 18, 2025, 3:18pm UTC](https://governance.aave.com/t/arfc-aave-finance-steward-deployment/21495/1 "2025-03-18T15:18:33Z")
* * * title: [ARFC] Aave Finance Steward Modules Deployment author: @TokenLogic created: 2025-03-18 * * * # Summary This publication details the initial configuration of the [Aave Finance Steward](https://governance.aave.com/t/arfc-aave-finance-steward/17570/1). The Finance Steward role is comprised of a set of Modules (Smart Contracts) that provide approved signers with the ability to perform DAO approved actions such as swapping tokens or migrating assets from Aave V2 to Aave V3. # Motivation ### Overview Service providers have been progressively streamlining the management of the Aave DAO’s funds by shifting approved ARFC proposals from on-chain vote to trusted smart contracts that act as stewards. Building on the success of the initial Risk Stewards and the introduction of the Clinic Steward and GHO Stewards, the Finance Steward modules will further enhance the efficiency and coordination of DAO operations. The Finance Steward modules enables the DAO to define a core set of financial capabilities to be carried out within strict role-based guardrails. As the role matures or new use cases arise, we plan to bring forward additional capabilities for the DAO to discuss. The initial set up of the Finance Steward includes deploying two separate modules (smart contracts), the PoolExposureSteward and the MainnetSwapSteward. ### PoolExposureModule #### Features The PoolExposureModule is granted permission to facilitate the following routine operational tasks: _Migrations_ - Withdraw assets from Aave V2 and deposit into Aave V3. - Withdraw assets from a given Aave V3 pool and deposit into another Aave V3 pool (ie: Core to Prime). _Deposit Passive Assets_ - Deposit idle Collector funds into Aave V3. _Withdraw Assets_ - Withdraw funds from Aave V2 or Aave V3 into the Collector. These funds can then be used for runway or to perform swaps where applicable. ### SwapModule The SwapModule is granted permission to swap tokens held by the Collector for other tokens to be sent to the Collector as well. The SwapModule will only be available on Mainnet initially. The below details frequent routine operations supported by the MainnetSwapSteward module: - Swap assets to support near term DAO financial expenses such as ensuring incentive campaigns and Service Providers are adequately funded. - Reduce exposure to long-tail assets by exchanging these assets for stablecoins or wETH. - Convert ETH to a liquid staking token (LST) to earn additional yield;. #### Budget Limits To align the MainnetSwapSteward module’s functionality with immediate operational requirements, the contract is designed with a predefined budget per token, which can only be adjusted through Aave’s governance. This budget parameter serves as a safeguard, ensuring controlled exposure for the DAO by limiting the volume of assets that can be swapped from the Treasury. # Specification The publication will be rolled-out in two steps. The first step will launch the PoolExposure module and the second proposal will launch the MainnetSwap module. Both contracts have the DAO as the owner of the contract and the following SAFE acting as the guardian [0x22740deBa78d5a0c24C58C740e3715ec29de1bFa](https://app.safe.global/home?safe=eth:0x22740deBa78d5a0c24C58C740e3715ec29de1bFa). The SAFE is to be configured as a 3-out-of-4 multi-sig, and the signers for the SAFE are the following: Marc (AaveChan) - `0x329c54289Ff5D6B7b7daE13592C6B1EDA1543eD4` Matt (TokenLogic) - `0xb647055A9915bF9c8021a684E175A353525b9890` Chaos Labs - `0x5d49dBcdd300aECc2C311cFB56593E71c445d60d` Val (LlamaRisk) - `0xbA037E4746ff58c55dc8F27a328C428F258DDACb` The PoolExposureModule will be deployed on the following chains, with the listed pools approved for interaction. | Network | Pools | | --- | --- | | Mainnet | V2, AMM V2, V3 Core, V3 Prime | | Polygon | V2, V3 | | Avalanche | V2, V3 | | Optimism | V3 | | Arbitrum | V3 | | Scroll | V3 | | Base | V3 | | BNB | V3 | | Gnosis | V3 | | Sonic | V3 | | Linea | V3 | For each pool, ~$100 worth of each reserve will be sent to the DustBinSteward contract. The DustBin is a special contract that, as the name implies, holds a dust amount of tokens. This is done to ensure that the pools are never emptied and the PoolExposure module can operate without having to worry about possibly emptying a given reserve. If the corresponding DustBin for a specific reserve holds about ~$100 worth of the token, then that token will not be transferred. If the DustBin does not yet have that token, the mentioned amount will be sent alongside this proposal. Based on runway projections, historical swaps and future consolidation projections, the following initial budget for the SwapModule on Mainnet is proposed. | Asset | Budget (units) | | --- | --- | | USDC | 8M | | USDT | 9M | | DAI | 3M | | MATIC | 600k | | LUSD | 50k | The assets are to be used for acquiring AAVE, GHO and USDS as part of the Tokenomics upgrade and maintaining the runway. # Disclosure TokenLogic does not receive any payment for this proposal. # Next Steps 1. Gather feedback from the community. 2. If consensus is reached on this ARFC, escalate this proposal to the Snapshot stage. 3. If Snapshot outcome is YAE, escalate this proposal to the AIP stage. # Copyright Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/). ---
**Author:** ![system](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/e/e11637c36f45ffa158f2146f5c19438d46e0824d.svg) [@system](https://governance.aave.com/u/system)\ **Post date:** [April 17, 2025, 3:19pm UTC](https://governance.aave.com/t/arfc-aave-finance-steward-deployment/21495/2 "2025-04-17T15:19:10Z")
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