[ARFC] Set ACI as Emission Manager for Liquidity Mining Programs

Governance General
1

[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

  1. Appointment of ACI as Emission Manager for Liquidity Mining Programs
    1. ACI will be authorized to manage Emission Programs for Liquidity Mining across Aave Markets.
    2. ACI’s multisig address will be the one receiving and distributing emissions on behalf of the DAO.
  2. 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.
  3. 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.

ACI multisig address: 0xac140648435d03f784879cd789130F22Ef588Fcd

This method will appoint the Aave Chan Initiative (ACI) wallet as the emissions admin for all potential Liquidity Mining Programs.

Disclaimer

The ACI is not presenting this ARFC on behalf of any third party and is not compensated for creating this ARFC.

Next Steps

  1. If consensus is reached on this [ARFC], escalate this proposal to the Snapshot stage.
  2. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.

Copyright

Copyright and related rights waived via CC0.

3 Likes
2

The current proposal has been escalated to ARFC Snapshot.

Vote will start tomorrow, we encourage everyone to participate.

1 Like
3

After Snapshot monitoring, the current ARFC Snapshot recently ended, reaching both Quorum and YAE as winning option.

Therefore, the ARFC Snapshot has passed.

Next and final stage will be the publication of an AIP for final confirmation.

2 Likes
4

Proposal was escalated to the AIP stage,

Voting starts tomorrow: Aave Governance - Proposal 122

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.

ACI multisig address: 0xac140648435d03f784879cd789130F22Ef588Fcd

This method will appoint the Aave Chan Initiative (ACI) wallet as the emissions admin for the wAVAX, ggAVAX & sAVAX assets on the Avalanche network

Disclaimer

The ACI is not compensated for this LM program management

Next steps

LM programs are direct-to-AIP implementations

Copyright

Copyright and related rights waived via CC0.

2 Likes
5

Stader Liquidity Mining Program

Program Details

Parameter Value
Network Mainnet
Rewarded Action Supply ETHx
Reward Token SD
Program Duration 30 Days
Reward Budget 25,000 SD

Important Dates

  • Program Start: 2024-07-17 at 12:00 PM UTC
  • Program End: 2024-08-16 at 12:00 PM UTC
  • Claim Expiration: 2025-01-17 at 12:00 PM UTC

Additional Information

  • Participants must supply ETHx on the Mainnet to be eligible for rewards.
  • Rewards will be distributed in SD tokens.
  • Make sure to claim your rewards before the expiration date to avoid forfeiting them.
1 Like
6

Ava Labs Liquidity Mining Program

Program Details

Parameter Value
Network Avalanche
Rewarded Actions Supply BTC.b, Borrow AVAX, Supply USDC, Supply sAVAX, Supply USDT
Reward Token wAVAX
Program Duration 2 Weeks
Weekly Reward Budget 6300 wAVAX
Total Reward Budget 12,600 wAVAX

Important Dates

  • Program Start: 2024-07-22 at 12:00 PM UTC
  • Program End: 2024-08-05 at 12:00 PM UTC
  • Claim Expiration: 2025-01-22 at 12:00 PM UTC

Weekly Incentives Breakdown

Action Reward Amount
BTC.b Supply 2000 wAVAX
AVAX Borrow 1000 wAVAX
USDC Supply 2000 wAVAX
sAVAX Supply 300 wAVAX
USDT Supply 1000 wAVAX

Additional Information

  • Participants must perform the specified actions on the Avalanche network to be eligible for rewards.
  • Rewards will be distributed in wAVAX tokens.
  • Make sure to claim your rewards before the expiration date to avoid forfeiting them.
  • The total program budget is 12,600 wAVAX, distributed over two weeks.
2 Likes