Data updated to cover the full quarter
Title: [ARFC] Quarterly Gas Rebate Distribution - August 2023
Author: Marc Zeller (@marczeller) - Aave Chan Initiative (ACI)
Date: 2023-08-29
Summary:
This ARFC proposes the quarterly gas rebate distribution for recognized delegates. The distribution aims to reimburse the gas costs incurred by delegates during their participation in Aave governance.
Motivation:
Recognized delegates play a crucial role in Aave governance by actively participating in proposal discussions, voting, and other governance activities. These activities often involve gas costs, especially when interacting with the Ethereum network. The Aave community established a quarterly gas rebate distribution to incentivize and support their continued participation.
Specification:
The following table provides a breakdown of the total gas used by each recognized delegate and the corresponding ETH amount to be distributed:
| Name |
Total Gas Spent |
| ACI |
1.35 |
| HKTrust |
0.07 |
| TokenLogic |
0.50 |
| michigan |
0.11 |
| LBS Blockchain |
0.18 |
| Wintermute |
0.15 |
| keyrock |
0.14 |
| Stablelab |
0.20 |
| Total ETH |
2.7 ETH |
Notes:
- @Alice forked and edited the flipside script to improve it & increase accuracy to track voting participation. here’s the new script : https://dune.com/queries/2970451
- The voting requirement was lowered to 70% from 80% to include Michigan & HKUST. Ideally, all recognized delegates would maintain an 80% participation rate. However, considering the summer break and the involvement of student delegates, a more lenient approach was adopted this quarter.
- The script was updated to track better gas spent by Gnosis Safes, benefiting both TokenLogic & HKUST. This improvement was a joint effort by @JosepBove & @MarcZeller.
the output of the script can be seen here
just like last quarter, amounts have been rounded strictly up to the second decimal place for more straightforward AIP implementation.
- Some delegates, including ACI & Tokenlogic, are transitioning from old addresses to new ones. This transition was considered when determining eligibility for the rebate.
- Proposal creation & execution expenses were covered. Service providers interested in having their costs covered can discuss this in this thread. Payload deployments are not covered this quarter due to technical reasons.
- Instead of wETH, it is proposed to distribute ETH directly this quarter for ease of use for all delegates.
Disclaimer:
This proposal is powered by Skyward. The Aave Chan Initiative is not affiliated with or paid by any third parties to publish this ARFC.
Next Steps:
- Gather community feedback on this ARFC.
- If consensus is reached, escalate this proposal to the ARFC Snapshot stage.
- If ARFC snapshot outcome is YAE, escalate to AIP stage.
Copyright:
Copyright and related rights waived via CC0.
5 Likes
We’re supportive of lowering the participation rate to 70 % due to the reasons mentioned by @MarcZeller.
As this proposal has to do with participation of delegates (which we would like to see more overall) - we would like to ask what is the blocker for delegates to maintain 70-80% or more in participation rates?
Load of proposals?
Timezone Issues?
Votes starting on Fridays?
The DAO has been operating quite good but we believe there should be more participation. In order to achieve that, feedback from the less active delegates would be great!
4 Likes
Thank you for preparing this proposal @MarcZeller.
Adjusting from 80% to 70% is a welcomed amendment.
It is great to see @Alice building on the earlier work by Flipside and the script improvements by @JosepBove & @MarcZeller.
5 Likes
We now have a full quarter to track for this quarterly gas rebate distribution,
Here’s some data:
Block range:
From block 17427160 (immediately after the last quarter) to block 18040578.
Address considered
- All addresses with a delegate platform, regardless of voting power.
| Name |
Address |
| ACI |
0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4 |
| Flipside |
0x62a43123FE71f9764f26554b3F5017627996816a |
| Michigan |
0x13BDaE8c5F0fC40231F0E6A4ad70196F59138548 |
| LBS Blockchain |
0xB83b3e9C8E3393889Afb272D354A7a3Bd1Fbcf5C |
| Wintermute |
0xB933AEe47C438f22DE0747D57fc239FE37878Dd1 |
| Keyrock |
0x1855f41B8A86e701E33199DE7C25d3e3830698ba |
| StableLab |
0xea172676E4105e92Cc52DBf45fD93b274eC96676 |
| oldTokenLogic |
0xA06c2e5BB33cd6718b08EC9335081Cbba62861f7 |
| NewTokenLogic |
0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1 |
| OnChainCoop |
0xb0aeC0a9546dEf648304A203B5923241578DFE25 |
| DAOStewards |
0x8872fd5F66728Fc7cF01898199e162ee26f47BA8 |
| Curia |
0x17296956b4E07Ff8931E4ff4eA06709FaB70b879 |
| HKUST |
0xE4594A66d9507fFc0d4335CC240BD61C1173E666 |
| Blockchain@Columbia |
0xdC1F98682F4F8a5c6d54F345F448437b83f5E432 |
| BristolBlockchain |
0x43D3938Ebd74106e2d177f9A304C1E9f914f2b52 |
| Blockworkresearch |
0xA5dF0cf3F95C6cd97d998b9D990a86864095d9b0 |
| Lucasvo.eth |
0x732a4B05C31da514e30411d79E3E17624579B848 |
voting data results
As a table:
| Name |
Address |
Votes Cast |
Participation Rate |
Total Votes |
| StableLab |
0xea172676e4105e92cc52dbf45fd93b274ec96676 |
75 |
100.0% |
75 |
| ACI |
0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4 |
71 |
94.67% |
75 |
| Wintermute |
0xb933aee47c438f22de0747d57fc239fe37878dd1 |
70 |
93.33% |
75 |
| Keyrock |
0x1855f41b8a86e701e33199de7c25d3e3830698ba |
70 |
93.33% |
75 |
| LBS Blockchain |
0xb83b3e9c8e3393889afb272d354a7a3bd1fbcf5c |
65 |
86.67% |
75 |
| HKUST |
0xe4594a66d9507ffc0d4335cc240bd61c1173e666 |
59 |
78.67% |
75 |
| Michigan |
0x13bdae8c5f0fc40231f0e6a4ad70196f59138548 |
55 |
73.33% |
75 |
| oldTokenLogic |
0xa06c2e5bb33cd6718b08ec9335081cbba62861f7 |
39 |
52.0% |
75 |
| Flipside |
0x62a43123fe71f9764f26554b3f5017627996816a |
36 |
48.0% |
75 |
| NewTokenLogic |
0x2cc1ade245020fc5aae66ad443e1f66e01c54df1 |
24 |
32.0% |
75 |
| Lucasvo.eth |
0x732a4b05c31da514e30411d79e3e17624579b848 |
10 |
13.33% |
75 |
| Blockchain@Columbia |
0xdc1f98682f4f8a5c6d54f345f448437b83f5e432 |
2 |
2.67% |
75 |
| BristolBlockchain |
0x43d3938ebd74106e2d177f9a304c1e9f914f2b52 |
1 |
1.33% |
75 |
| DAOStewards |
0x8872fd5F66728Fc7cF01898199e162ee26f47BA8 |
0 |
0% |
75 |
| Curia |
0x17296956b4E07Ff8931E4ff4eA06709FaB70b879 |
0 |
0% |
75 |
| Blockworkresearch |
0xA5dF0cf3F95C6cd97d998b9D990a86864095d9b0 |
0 |
0% |
75 |
Key Takeaways
- A huge shoutout to @Kene_StableLab for achieving a flawless voting score of 100%.
- The Aave DAO boasts an impressively active community, with notable mentions including @Callen_Wintermute, @0xkeyrock.eth, @lbsblockchain, and several others. (@TokenLogic migration to a new multisig might make them appear less active than they are, make no mistake they’re ranking among the best considering both addresses)
- On the flip side, we’ve identified a few “zombie delegators” - delegate platforms that remained inactive throughout the quarter. This includes platforms with less than 3% participation rate and those that voted in fewer than half of the AIPs.
We hope this data proves valuable to the community as they make informed decisions about their delegate choices.
7 Likes
Proposal escalated to AIP stage,
voting starts tomorrow.