[ARFC] Orbit Program Renewal - Q3 2024

Governance
1

[ARFC] Orbit Program Renewal - Q3 2024

Author: ACI (Aave Chan Initiative)

Date: 2024-08-30

Summary

Proposing the renewal of the Orbit program for recognized delegates, compensating them with GHO and ETH reimbursement of Gas costs , associated with their governance activity during part of Q3 2024 ( From 2024-05-13 to 2024-08-30).

Motivation

Orbit recognizes the added value of the Delegates in the decentralization & diversity of the Aave DAO. This compensation allows them to focus on aave and keep their contribution efforts to our governance. The ACI proposes the extension of Orbit for a new quarter, Q3 2024, from 2024-05-13 to 2024-08-30.

**Gas Rebate:

Initially meant to reimburse gas cost associated with governance voting, the gas rebate has been entirely focused on service provider gas reimbursement since the launch of Aave governance V3, we propose to segregate these payments after this proposal to keep focus and consistency in the Orbit program.

Gas reimbursements from service providers activity are proposed to be managed by Aave Finance service providers in their monthly treasury management update.**

Specification

  • Period Coverage: Blocks 19860032 (May 13th 2024) to Block 20639896 (August 30th 2024)
  • Eligible Platforms:
    • EzR3al
    • StableNode
    • Saucy Block
    • Areta
  • Gas Rebate: Last service provider gas rebate using orbit:
    • ACI : 2.91 ETH
    • Catapulta: 0.67 ETH
    • TokenLogic: 0.72 ETH
  • Budget: 60000 GHO and 4.3 ETH
  • Relevant Links:

Next Steps

  1. Gather community feedback on this ARFC.
  2. If consensus is achieved, escalate this proposal to the ARFC snapshot stage.
  3. If the ARFC snapshot outcome is YAE, proceed to the AIP stage for implementation and funding allocation in cooperation with Aave Finance service providers via an ad-hoc AIP vote or bundled in one of their treasury management AIPs.

Disclosure

The Aave Chan Initiative is independent and has not received any form of compensation from related parties for the drafting of this proposal.

Copyright

Copyright and related rights waived under Creative Commons Zero (CC0).

4 Likes
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This proposal has been escalated to Snapshot voting. We encourage all community members to participate.

4 Likes
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After Snapshot monitoring, the current Snapshot recently ended, reaching both Quorum and YAE as winning option with 781000 votes.

Next step will be the publication of an AIP.

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