[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.

6 Likes
2

The current proposal has been escalated to ARFC Snapshot.

Vote will start tomorrow, we encourage everyone to participate.

2 Likes
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.

5 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.

3 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
7

Aave Ethereum Lido Market Liquidity Mining Program Phase I

Program Details

Parameter Value
Network Ethereum
Rewarded Action Supply wETH on Lido Aave V3 instance
Reward Token aWETH
Current Phase Duration 2 weeks
Current Phase Budget 55 wETH
Overall Program Duration 6 months (until 2025-01-29)

Important Dates

  • Current Phase Start: 2024-07-29 at 4:00 PM UTC
  • Current Phase End: 2024-08-12 at 4:00 PM UTC
  • Current Phase Claim Expiry: 2025-02-12 at 4:00 PM UTC
  • Overall Program Duration: 6 months (until 2025-01-29)

Incentive Structure and Claims

  • This announcement covers incentives for the next 2 weeks only.
  • New budgets will be announced bi-weekly based on instance growth.
  • Claim expiry for each 2-week period is 6 months after the period ends.

Additional Information

  • Program is a collaboration between Lido observation labs and Aave DAO.
  • Participants must supply wETH on the Lido Aave V3 instance (Ethereum network).
  • Check for new announcements every 2 weeks for updated incentive information.
  • Ensure to claim rewards before the expiry date to avoid forfeiting them.
6 Likes
8

Aave Ethereum Lido Market Liquidity Mining Program Phase II

Program Details

Parameter Value
Network Ethereum
Rewarded Action Supply wETH on Lido Aave V3 instance
Reward Token aWETH
Current Phase Duration 2 weeks
Current Phase Budget 55 wETH
Overall Program Duration 6 months (until 2025-01-29)

Important Dates

  • Phase II Start: 2024-08-12 at 4:00 PM UTC
  • Phase II End: 2024-08-26 at 4:00 PM UTC
  • Phase II Claim Expiry: 2025-02-26 at 4:00 PM UTC
  • Overall Program Duration: 6 months (until 2025-01-29)

Incentive Structure and Claims

  • This announcement covers incentives for Phase II (2 weeks).
  • New budgets will be announced bi-weekly based on instance growth.
  • Claim expiry for each 2-week period is 6 months after the period ends.

Additional Information

  • Program is a collaboration between Lido observation labs and Aave DAO.
  • Participants must supply wETH on the Lido Aave V3 instance (Ethereum network).
  • Check for new announcements every 2 weeks for updated incentive information.
  • Ensure to claim rewards before the expiry date to avoid forfeiting them.
1 Like
9

Aave Arbitrum GHO LTIPP Liquidity Mining Program

Parameter Value

Network: Arbitrum
Rewarded Action: Supply GHO on Aave V3 Arbitrum instance
Reward Tokens: GHO & ARB
Current Phase Duration: 14 days
Current Phase Budget: 5200 ARB
Overall Program Duration: 6 months

Important Dates

  • Phase Start: 2024-08-13 at 3:00 PM UTC
  • Phase End: 2024-08-27 at 3:00 PM UTC
  • Phase Claim Expiry: 2025-02-27 at 3:00 PM UTC
  • Overall Program Duration: 6 months (until 2025-02-13)

Incentive Structure and Claims

  • This announcement covers incentives for the current 14-day phase.
  • 5200 ARB will be distributed to GHO suppliers on Aave V3 Arbitrum.
  • Claim expiry is 6 months after the phase ends.

Additional Information

  • Participants must supply GHO on the Aave V3 Arbitrum instance.
  • Ensure to claim rewards before the expiry date to avoid forfeiting them.
4 Likes
10

Ava Labs Liquidity Mining Program Update

Program Overview

Parameter Value
Network Avalanche
Reward Token sAVAX
Program Duration 2 Weeks
Weekly Reward Budget 5,592.5 sAVAX
Total Reward Budget 11,185 sAVAX

Important Dates

  • Program Start: 2024-08-18 at 11:00 UTC (13:00 CET)
  • Program End: 2024-09-01 at 11:00 UTC (13:00 CET)
  • Claim Expiration: 2025-02-18 at 11:00 UTC (12:00 CET)

Rewarded Actions and Weekly Incentives

Action Reward Amount (sAVAX)
BTC.b Supply 1,721
AVAX Borrow 430
USDC Supply 1,721
USDC Borrow 430
sAVAX Supply 430
USDT Supply 860.5

Additional Information

  • Participants must perform the specified actions on the Avalanche network to be eligible for rewards.
  • At the request of Ava Labs, rewards will now be distributed in sAVAX tokens.
  • The total program budget is 11,185 sAVAX, distributed over two weeks.
  • Make sure to claim your rewards before the expiration date to avoid forfeiting them.
3 Likes
11

Stader Liquidity Mining Program - Phase II

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: 2024-08-23 at 12:00 PM UTC
  • Program End: 2024-09-22 at 12:00 PM UTC
  • Claim Expiration: 2025-02-23 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.
4 Likes
12

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.
5 Likes
13

Probably a stupid question but there are still ARB rewards for supplying GHO despite Phase End being two days ago. How come ? Is it a new phase ?

14

Ava Labs Liquidity Mining Program Update

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)
  • Program End: 2024-09-16 at 12:00 UTC (14:00 CET)
2 Likes
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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.

1 Like
16

To extend Lido Instance growth, the ACI will post an AIP setting the ACI_MULTISIG as emission manager for wstETH on the Lido instance.

This is meant to kickstart a wstETH supply incentives program to prepare the ground for Liquid emode with LRTs on this instances.

Details of this program will be shared with @TokenLogic when the AIP is implemented if governance approves it.

This AIP also seek to whitelist ACI-MULTISIG for tBTC on the main instance to kickstart liquidity with this asset.

2 Likes
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Liquidity Mining Programs Update as of September 24, 2024

Parameter Aave Ethereum Lido Market (Phase III) Stader (Phase III) Ava Labs
Network Ethereum Mainnet Avalanche
Rewarded Action(s) Supply wETH on Lido Aave V3 instance Supply ETHx Multiple (see below)
Reward Token aWETH SD sAVAX
Program Duration 2 weeks 30 Days 2 Weeks
Current Budget 109 wETH 25,000 SD 11,185 sAVAX (5,592.5 weekly)
Start Date 2024-09-23 at 4:00 PM UTC 2024-09-23 at 12:00 PM UTC 2024-09-24 at 11:00 UTC
End Date 2024-10-07 at 4:00 PM UTC 2024-10-23 at 12:00 PM UTC 2024-10-08 at 11:00 UTC
Claim Expiration 2025-04-07 at 4:00 PM UTC 2025-03-23 at 12:00 PM UTC 2025-03-24 at 11:00 UTC
Overall Program End 2025-03-23 N/A N/A

Ava Labs Rewarded Actions (Weekly Amounts in sAVAX)

  • BTC.b Supply: 1,721
  • AVAX Borrow: 430
  • USDC Supply: 1,721
  • USDC Borrow: 430
  • sAVAX Supply: 430
  • USDT Supply: 860.5

Additional Notes

  1. Aave Ethereum Lido Market:

    • Collaboration between Lido observation labs and Aave DAO.
    • New budgets announced bi-weekly based on instance growth.
    • Check for new announcements every 2 weeks.

  2. Stader:

    • Participants must supply ETHx on the Mainnet.

  3. Ava Labs:

    • Actions must be performed on the Avalanche network.
    • Rewards distributed in sAVAX tokens.

  4. General:

    • Ensure to claim rewards before the expiry date for all programs.
    • All programs started yesterday (Aave and Stader) or today (Ava Labs) and are currently ongoing.
3 Likes
18

To kickstart USDS growth in Aave and in collaboration with Sky

the ACI will post an AIP setting the ACI_MULTISIG as emission manager for USDS and aUSDS on the Lido et main Ethereum V3 instances.

In line with the Ahab program, this AIP will also allow ACI_MULTISIG to incentives supplied wstETH in the Lido instance.

3 Likes
19

Liquidity Mining Programs Update as of October 7, 2024

Parameter Aave Ethereum Lido Market (Phase III) Stader (Phase III) Ava Labs
Network Ethereum Mainnet Avalanche
Rewarded Action(s) Supply wETH on Lido Aave V3 instance Supply ETHx Multiple (see below)
Reward Token aWETH SD sAVAX
Program Duration 2 weeks 30 Days 2 Weeks
Current Budget 109 wETH 25,000 SD 11,102 sAVAX (5,551 weekly)
Start Date 2024-10-07 at 2:00 PM UTC 2024-09-23 at 12:00 PM UTC 2024-10-08 at 11:00 UTC
End Date 2024-10-21 at 2:00 PM UTC 2024-10-23 at 12:00 PM UTC 2024-10-22 at 11:00 UTC
Claim Expiration 2025-04-07 at 4:00 PM UTC 2025-03-23 at 12:00 PM UTC 2025-03-24 at 11:00 UTC
Overall Program End 2025-03-23 N/A N/A

Ava Labs Rewarded Actions (Weekly Amounts in sAVAX)

  • BTC.b Supply: 1,708
  • AVAX Borrow: 427
  • USDC Supply: 1,708
  • USDC Borrow: 427
  • sAVAX Supply: 427
  • USDT Supply: 854

Additional Notes

  1. Aave Ethereum Lido Market:

    • Collaboration between Lido observation labs and Aave DAO.
    • New budgets announced bi-weekly based on instance growth.
    • Check for new announcements every 2 weeks.

  2. Stader:

    • Participants must supply ETHx on the Mainnet.

  3. Ava Labs:

    • Actions must be performed on the Avalanche network.
    • Rewards distributed in sAVAX tokens.

  4. General:

    • Ensure to claim rewards before the expiry date for all programs.
    • All programs started yesterday (Aave and Stader) or today (Ava Labs) and are currently ongoing.
3 Likes
20

New Liquidity Mining Program: USDS and SPK

New USDS and SPK rewards are live for USDS suppliers on Aave.

• 50,000 USDS will be allocated weekly to bootstrap rewards and will then adjust to match at least the sUSDS rate, currently at 6.5%.
• 3.33 million SPK pre-farming airdrop allocation is distributed on a monthly basis.

Program Overview

Parameter Value
Network Ethereum V3 - Mainnet
Reward Token aUSDS and SPK
Program Duration Weekly

Important Dates

  • Program Start: 2024-10-09
  • Program End: To be determined by Sky.
  • Program Renewal: 2024-10-16
1 Like