[ARFC] Set ACI as Emission Manager for Liquidity Mining Programs
Author: ACI (Aave Chan Initiative)
Date: 2024-06-06
Summary
The current ARFC proposes to appoint the Aave Chan Initiative (ACI) as the Emission Manager for liquidity mining programs across Aave markets. This will enable ACI to manage incentive programs funded by different partners, with the purpose of stimulating market activity and growth.
Motivation
Liquidity mining programs are essential for attracting liquidity providers by offering rewards for their participation. Effective management of these programs is crucial for the sustained growth of the Aave Ecosystem. Therefore, ACI, with its extensive experience and strategic partnerships, is well-positioned to manage these emissions effectively.
A recent example is the Long Term Incentive Program (LTIPP) from Arbitrum DAO, where Aave DAO will receive 750,000 ARB tokens, illustrating the benefits of coordinated emission management.
Specification
Appointment of ACI as Emission Manager for Liquidity Mining Programs
ACI will be authorized to manage Emission Programs for Liquidity Mining across Aave Markets.
ACI’s multisig address will be the one receiving and distributing emissions on behalf of the DAO.
Appointment of ACI as coordinator with ecosystem partners, to define and implement emission strategies, managing the distribution of rewards to liquidity providers, and monitor & adjust emissions based on market performance.
Integration of Liquidity mining program as part of “Dolce Vita” service of the ACI at no extra cost for the DAO.
Implementation
The ACI multisig address will be set as the emission manager via the setEmissionAdmin() method in the relevant emission manager contracts.
This thread will now be used to request approval for new appointments of the ACI for liquidity mining programs following a direct-to-AIP approach and for detailed presentation of upcoming LM programs.
[ARFC] Set ACI as Emission Manager on the Avalanche network
Author: ACI (Aave Chan Initiative)
Date: 2024-06-21
Summary
Following coordination with the Avalanche Foundation, the ACI is requesting governance approval to appoint the ACI multisig to operate an LM program on the Avalanche network on their behalf.
Motivation
Liquidity mining programs are essential for attracting liquidity providers by offering rewards for their participation. Effective management of these programs is crucial for the sustained growth of the Aave Ecosystem. Therefore, ACI, with its extensive experience and strategic partnerships, is well-positioned to manage these emissions effectively.
A recent example is the Long Term Incentive Program (LTIPP) from Arbitrum DAO, where Aave DAO will receive 750,000 ARB tokens, illustrating the benefits of coordinated emission management.
Implementation
The ACI multisig address will be set as the emission manager via the setEmissionAdmin() method in the relevant emission manager contracts.
Endless Summer Base Liquidity Mining Program Phase I
To support the growth of the Base Aave instance, the Aave governance whitelisted a $300k budget to distribute over the next three months. This will be done in 15-day periods with a budget adjusted to the instance reserve size for maximum efficiency.
Program Overview
Parameter
Value
Network
Base
Reward Token
aUSDC
Program Duration
2 Weeks
Total Reward Budget
30,000 aUSDC
Important Dates
Program Start: 2024-08-26 at 00:00 UTC
Program End: 2024-09-09 at 00:00 UTC
Claim Expiration: 2025-02-26 at 00:00 UTC
Rewarded Actions and Incentives
Action
Reward Amount
USDC Supply
30,000 aUSDC
Additional Information
Participants must supply USDC on the Base network to be eligible for rewards.
The total program budget is 300,000 aUSDC, distributed over 3 months; this Phase One budget is 30k USDC.
Make sure to claim your rewards before the expiration date to avoid forfeiting them.
This program is part of the “Endless Summer” initiative to boost liquidity on Base.
The Ava Labs liquidity mining program has been extended. Ava Labs is also in the process of increasing the overall AVAX allocation to this program. The next two weeks will continue with the same parameters, and then are planned to be adjusted upwards in coming weeks.
Program Overview
Parameter
Value
Network
Avalanche
Reward Token
sAVAX
Program Duration
2 Weeks
Important Dates
Program Start: 2024-09-02 at 12:00 UTC (14:00 CET)
Due to constraints on emissions manager that make it not suitable for this program, incentives for Endless Summer Liquidity Mining on Base will be distributed through the Merit airdrop system.
Users that should have received liquidity mining incentives will be compensated according to the amount of rewards they should have received over the past week.
We apologize for any inconvenience and will update with further communication as soon as back-dated rewards are claimable for users.