title: [ARFC] LDO Emission_Admin for Ethereum, Arbitrum and Optimism v3 Liquidity Pools
Author: @llamaxyz - DeFi_Consulting
Dated: 2023-01-26
Simple Summary
This proposal is to enable Lido to distribute LDO rewards across the Aave v3 Ethereum, Arbitrum and Optimism Liquidity Pools. The Emission_Admin role for LDO on each network is to be assigned to a wallet controlled by the Lido DAO.
Abstract
Lido seeks to distribute LDO rewards across to the various Aave v3 deployments. To achieve this, the EmissionManager function assigns an owner to the Emission_Admin role for LDO on each respective Aave v3 deployment, [1,2].
The wallet with Emission Admin permission for LDO on each aave v3 deployment then controls the distribution of only LDO rewards across the respective Liquidity Pool.
Motivation
Enable Lido DAO to distribute LDO rewards across the Ethereum, Arbitrum and Optimism v3 Liquidity Pools.
The Lido Liquidity Mining Committee (LMC) determines the emission rate and duration at which LDO rewards are offered.
Typically, the LMC meets and determines the next 30 days of LDO rewards on a rolling basis. This means each month, the committee will determine if to extend the LDO rewards, or change the amount of LDO being offered across the various Aave v3 Liquidity Pools.
Specification
The EmissionManager, a governance controlled function, assigns the Emission_Admin role for a specified token, LDO.
The Emission_Admin role controls the distribution of the specified token, LDO, across the specified Aave deployments.
The Emission_Admin can distribute LDO anywhere across the Aave v3 Ethereum Liquidity Pool.
Implementation
Set Emission_Admin permission for LDO to the following Lido address:
| Network | LDO Address | Emission Admin |
|---|---|---|
| Ethereum | 0x5A98FcBEA516Cf06857215779Fd812CA3beF1B32 | 0x87D93d9B2C672bf9c9642d853a8682546a5012B5 |
| Arbitrum | 0x13Ad51ed4F1B7e9Dc168d8a00cB3f4dDD85EfA60 | 0x8C2b8595eA1b627427EFE4f29A64b145DF439d16 |
| Optimism | 0xFdb794692724153d1488CcdBE0C56c252596735F | 0x5033823F27c5f977707B58F0351adcD732C955Dd |
References
[1] Rewards - Developers
[2] aave-v3-periphery/IEmissionManager.sol at master · aave/aave-v3-periphery · GitHub
[3] Creative Commons — CC0 1.0 Universal
Copyright
Copyright and related rights waived via CC0, [3].
