[ARFC] Orbit Program Renewal - Q4 2024

Governance
1

[ARFC] Orbit Program Renewal - Q4 2024

Author: ACI (Aave Chan Initiative)

Date: 2024-12-06

Summary

Proposing the renewal of the Orbit program for recognized delegates, compensating them with GHO, associated with their governance activity during Q4 2024 ( From 2024-08-31 to 2024-12-14).

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, Q4 2024, from 2024-08-31 to 2024-12-14.

Specification

Additional considerations:

As a reminder, Service Providers will not be considered elegible to Orbit Program.

A new vote rate will apply, starting next Orbit Renewal, where a minimum of 20k voting power and 85% vote ratio on all Snapshots and AIP will be considered in order to be elegible to Orbit Program.

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 ACI 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)

3 Likes
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With this proposal following the onboarding of GHO to the Prime instance and the ALC funding proposal, we recommend that the new streams be created using GHO from the Prime instance of Aave v3.

Upon implementing the ALC funding renewal, there will be an estimated 1.5M of GHO liquidity available to support the creation of new Orbit streams. This approach aligns with the DAO’s ongoing transition toward holding a higher proportion of the Treasury in productive assets.

2 Likes
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Current proposal has been escalated to ARFC Snapshot.

Vote will start tomorrow, we encourage everyone to participate.

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After Snapshot monitoring, the current ARFC Snapshot has ended recently, reaching both Quorum and YAE as winning option, with 845,7K votes.

Therefore the [ARFC] Orbit Program Renewal - Q4 2024 has PASSED.

Next step will be the publication of an AIP for final enforcement and confirmation of the proposal.