Summary
This ARFC proposes the creation of a new 3-of-4 rewards operations multisig at rewards.aave.eth to receive, hold, and administer incentive funding provided by third parties for Aave growth campaigns.
No Aave treasury funds are requested or authorized by this proposal. The multisig would function as a pass-through operations wallet for partner-funded incentive programs. Third parties may fund the wallet for approved campaigns, and the multisig would manage the operational configuration and distribution of those rewards.
The multisig would be operated by representatives from Aave Labs, TokenLogic, and LlamaRisk. Signer identities will not be publicly disclosed for personal safety and protocol opsec.
This proposal does not replace any existing multisig. It does not modify any active incentive program. It does not grant authority to request, receive, or deploy Aave treasury funds. It does not grant authority to change protocol risk parameters, list tokens, modify protocol contracts, or deploy funds outside the approved incentives mandate.
Motivation
Aave growth campaigns increasingly require timely coordination with external partners across new market launches, integrations, liquidity campaigns, and ecosystem programs.
Many of these campaigns are funded by third parties rather than the Aave DAO. A dedicated rewards operations multisig gives contributors a known endpoint for incentive funding while giving the DAO a clearer view into how externally funded campaigns are administered.
The purpose of this proposal is to establish that operational structure before upcoming campaign windows begin. The multisig would not control DAO capital. It would only receive incentive funding from third parties and manage those rewards according to the mandate approved by governance.
Expedited Timeline
Aave Labs proposes to move this ARFC to an immediate Snapshot vote.
The standard ARFC process generally includes a longer discussion window before Snapshot. Aave Labs is requesting an expedited timeline because certain incentive operations require a dedicated rewards administration structure before upcoming campaign start dates.
This expedited process is limited to the mandate described in this ARFC. The Snapshot vote will still give the DAO the ability to approve or reject the proposed structure before it is used as the recognized rewards operations wallet for the approved mandate.
Specification
A new rewards operations multisig will be created with the following configuration. Signer identities will not be disclosed.
Address: 0x66Ac7223048037826e12cef9a848199e31AEFabE
ENS: rewards.aave.eth
Threshold: 3-of-4
| Signer | Address |
|---|---|
| Signer 1 | 0x4b752551fC6345A7de82F76fd7a5015CA16d1a74 |
| Signer 2 | 0xb291232F480F41c75802C4a60F1D2AC03404Afef |
| Signer 3 | 0xb647055A9915bF9c8021a684E175A353525b9890 |
| Signer 4 | 0x45d11217458aEE68A4D976A8f17e2E24Fc5898A1 |
Interim Incentive Campaigns
There may be campaigns that begin before the Snapshot vote for this ARFC is completed. The relevant Aave service providers have aligned on the campaigns, and there is no practical reason to delay launch while the DAO considers the proposed rewards operations structure.
If this ARFC does not pass, the campaigns may be cancelled or wound down. Until then, they will proceed as limited interim campaigns supporting the same scope described in this proposal.
Initial Mandate
The rewards operations multisig may receive incentive funding from third-party contributors for Aave growth campaigns.
The multisig may hold and administer those third-party-funded rewards for campaigns connected to Aave markets, integrations, partner programs, or other growth initiatives approved under this mandate.
The multisig may configure and manage rewards distributions where operational action is required to activate, adjust, or complete a campaign.
The multisig may coordinate with service providers, contributors, and ecosystem partners to execute incentive campaigns within the approved scope.
The multisig must provide public reporting on funded campaigns, including the source of incentive funding, the market or program supported, the amount received, the amount distributed, and any remaining balances.
The multisig may not use funds for purposes unrelated to incentive administration.
Reporting
Aave Labs, TokenLogic, and LlamaRisk will provide periodic updates to the DAO covering active campaigns, completed campaigns, budget deployed, remaining budget, and observed performance where available.
Reports will be posted to the governance forum and will include enough information for the DAO to understand how the mandate is being used.
Next Steps
If the DAO supports this ARFC, it will proceed to Snapshot.
If Snapshot passes, rewards.aave.eth will be created and may be used to administer incentive campaigns within the approved mandate.
Disclaimer
Aave Labs is presenting this proposal as a service provider to the Aave DAO under the budget approved by the Aave Will Win framework.
Copyright
Copyright and related rights waived under CC0.