[ARFC] Aave Funding Update

Hi Everyone,

In preparation for Gauntlet’s funding, AIP #2 will be amended to reflect the below:

Withdraw all the following assets from Aave v2 Ethereum:

  • aUSDC estimated 1.51M units

Deposit the following assets into Aave v3 Ethereum:

  • 1.70M units of USDC (Aave Funding Part A)
  • 0.51M units of USDC (withdrawn from Aave v2)

Deposit the following assets into Aave v2 Ethereum:

  • 0.75M units of USDT

Swap the following assets to GHO:

  • All DAI in Treasury, 0.50M units
  • 1M unit USDC (withdrawn from v2 above)

The below summaries the Choas Labs, Gauntlet and AGD aUSDT funding.

Description Amount
Current Balance 1,455,200
AGD Allowance Remaining 612,900
Chaos Labs Stream Remaining 765,800
Gauntlet Insolvency Fund 480,000
Gauntlet Stream 320,000
Deposit AIP #2 750,000
Net Balance 26,500

A separate proposal will be presented to discuss how to fund the GSM and capture any other more recent funding request proposals on the forum.

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