[ARFC] Aavenomics implementation: Part one

[MarcZeller]

After discussing with Service providers and listening to community feedback the Aavenomics currently has 7 implementation elements:

@MarcZeller

• Aave Finance Committee Creation: Establish a 4-member committee with a 3/4 signature threshold consisting of Chaos Labs, Tokenlogic, Llamarisk, and ACI.
• Give mandate to Tokenlogic to implement financing of the proposed budget for the first 6 months of the Aavenomics via monthly treasury management proposals and setting token approval allowances.
• AAVE Secondary Liquidity Restructuring: Gradually reduce the current StkBPT rewards in favor of a hybrid approach combining StkBPT staking (with no slashing element) with defined liquidity targets and partial budget allocation and distribution via AIP allowances dedicated monthly to the Liquidity Committee.
• LEND Migration Closure: Remove all remaining AAVE from the LEND migration contract and redirect these tokens to the ecosystem reserve, formally ending the migration process after nearly five years.
• Protocol Revenue Redistribution: Deprecate the current StkAAVE slashing element entirely, maintain AAVE rewards, and implement a system to distribute 50% of GHO protocol revenue to StkAAVE & StkBPT stakers using the Merit/MASIv framework with Anti-GHO. Anti-GHO will be distributed monthly in sync with Merit Rewards.
• Buy and Distribute Program: Mandate the AFC to leverage Treasury management token allowances to acquire AAVE on secondary markets and/or through MM partners, then send acquired tokens to the ecosystem reserve. The program will start with a $1M/week AAVE acquisition for the first 6 months, after which it will be sized according to the overall protocol budget with quarterly reporting

and

@MarcZeller

Anti-GHO Implementation: Create a non-transferable ERC20 token that:

• Is generated by AAVE Umbrella Stakers through the Merit/MASIv system
• Can be burned at a 1:1 ratio against GHO debt
• Can be converted to StkGHO (eligible for Merit & other incentives)
• Will replace the current GHO discount mechanism

Consensus seems to consider the optimal path is to leave as much notice as possible for LEND holders to migrate if they want to, and it was confirmed that anti-gho is more doable in a few weeks in terms of implementation.

there’s no concerns to the other parts of the proposal, therefore we edited it and implementation will focus on these parts while Anti-GHO and LEND migration closure has been postponed to a Part Two.