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

Governance General
123

Liquidity Mining Renewal: ETHx on Aave V3 Core Instance

Program Overview

Parameter Value
Aave Instance Aave V3 Ethereum Core Instance
Action Token aETHx
Reward Token SD
Round Duration 14 days
Round Start 2025-06-09
Round End 2025-07-23
Fixed APR 0.35%
Reward Expiration 6 months

Eligibility Criteria

Users must meet the following criteria to be eligible for the program:

  • Eligible Holding Calculation:
    Eligible Holding = ETHx aToken Holding - Debt Token Holding / ETHx Liquidation Threshold

  • Debt Token(s):

    • vETHx

    i.e: Users who loop ETHx deposit with ETHx debt will be penalized

Reward Claiming

Rewards can be claimed through the Merit front on the ACI Dashboard (ACI Dashboard).
Users have 6 months to claim their rewards.

124

Renewal - Liquidity Mining Program: USDS and SPK

USDS and SPK rewards for USDS suppliers on Aave.

  • USDS will be allocated weekly to bootstrap rewards and will then adjust to match at least the sUSDS rate.
  • 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 1 Week
Budget 37,337 aUSDS

Important Dates

  • Program Start: 2025-07-09
  • Program End: 2025-07-16
125

Renewal - Merit Liquidity Mining Program on Sonic: USDC

Rewards for USDC suppliers on Aave V3 Sonic Instance.

  • awS will be allocated weekly.
  • USDC deposits will get 8x points on Sonic.

Program Overview

Parameter Value
Network Sonic V3 Instance
Reward Token awS
Program Duration 1 Week
Expiration 6 months
Fixed APR 3%
Program Start 2025-07-15
Program End 2025-07- 22

Eligibility Criteria:

Users are subject to the following eligibility criteria: Eligible Holding = USDC aToken Holding - Undesired Debt Token Holding / USDC Liquidation Threshold

Undesired Debt Token(s):

  • USDC

Users who hold both the USDC deposit receipt token and the USDC will be adversely affected as determine by the formula shown above.

Important Dates

  • Program Start: 2025-07-15
  • Program End: To be determined.
  • Program Renewal: 2025-07-22

Important:

Claims can be performed form Merit front on ACI Dashboard

  • Ensure to claim rewards before the expiry date for all programs (6 months)
126

Renewal - Liquidity Mining Program: USDS and SPK

USDS and SPK rewards for USDS suppliers on Aave.

  • USDS will be allocated weekly to bootstrap rewards and will then adjust to match at least the sUSDS rate.
  • 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 1 Week
Budget 32,209 aUSDS

Important Dates

  • Program Start: 2025-07-16
  • Program End: 2025-07-23
1 Like
127

Renewal - Merit Liquidity Mining Program on Sonic: USDC

Rewards for USDC suppliers on Aave V3 Sonic Instance.

  • awS will be allocated weekly.
  • USDC deposits will get 8x points on Sonic.

Program Overview

Parameter Value
Network Sonic V3 Instance
Reward Token awS
Program Duration 1 Week
Expiration 6 months
Fixed APR 3%
Program Start 2025-07-22
Program End 2025-07- 29

Eligibility Criteria:

Users are subject to the following eligibility criteria: Eligible Holding = USDC aToken Holding - Undesired Debt Token Holding / USDC Liquidation Threshold

Undesired Debt Token(s):

  • USDC

Users who hold both the USDC deposit receipt token and the USDC will be adversely affected as determine by the formula shown above.

Important Dates

  • Program Start: 2025-07-22
  • Program End: To be determined.
  • Program Renewal: 2025-07-29

Important:

Claims can be performed form Merit front on ACI Dashboard

  • Ensure to claim rewards before the expiry date for all programs (6 months)
128

Liquidity Mining Renewal: ETHx on Aave V3 Core Instance

Program Overview

Parameter Value
Aave Instance Aave V3 Ethereum Core Instance
Action Token aETHx
Reward Token SD
Round Duration 14 days
Round Start 2025-07-22
Round End 2025-08-05
Fixed APR 0.35%
Reward Expiration 6 months

Eligibility Criteria

Users must meet the following criteria to be eligible for the program:

  • Eligible Holding Calculation:
    Eligible Holding = ETHx aToken Holding - Debt Token Holding / ETHx Liquidation Threshold

  • Debt Token(s):

    • vETHx

    i.e: Users who loop ETHx deposit with ETHx debt will be penalized

Reward Claiming

Rewards can be claimed through the Merit front on the ACI Dashboard (ACI Dashboard).
Users have 6 months to claim their rewards.

129

Renewal - Liquidity Mining Program: USDS and SPK

USDS and SPK rewards for USDS suppliers on Aave.

  • USDS will be allocated weekly to bootstrap rewards and will then adjust to match at least the sUSDS rate.
  • 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 1 Week
Budget 16,190 aUSDS

Important Dates

  • Program Start: 2025-07-23
  • Program End: 2025-07-30
130

Renewal - Liquidity Mining Program on Aave V3 Gnosis

Partner Gnosis
Aave Instance Aave V3 Gnosis
Rewarded Action(s) Borrow EURe
Reward Token aGnoEURe
Program Duration 3 months
Fixed APR 6%
Max budget 177k EURe
Rewards claim frequency 2 weeks
Start Date 2025-07-22
End Date 2025-08-05
Claim Expiration 6 months
Overall Program End N/A

Budget

170k from Gnosis, 6k from Treasury + renaming budget of previous rounds.

Eligibility Criteria

We will be implementing strict anti-loop policies. Here are the key points:

Campaign Type Undesired Tokens
Base borrow GHO and USDC campaigns, and all incentives that have GHO and USDC borrowing as a boost GHO, USDC, and USDbC as undesired tokens in their aTokens
Supply USDC and GHO campaigns vGHO, vUSDC, and vUSDC as undesired tokens

Additionally, we will be closely monitoring any attempts to game the system. Users who transfer tokens to other wallets in an effort to exploit incentives will be tracked and may face full dilution penalties.

Additional Notes

  • Actions must be performed on the Aave V3 Gnosis Instance.
  • Rewards distributed in aGnoEURe tokens (EURe supplied on Aave).
  • The rewards are distributed through Merit.
  • Ensure to claim rewards before the expiry date for all programs.
  • Claims can be performed form Merit front on ACI Dashboard
131

Renewal - Liquidity Mining Program: USDS and SPK

USDS and SPK rewards for USDS suppliers on Aave.

  • USDS will be allocated weekly to bootstrap rewards and will then adjust to match at least the sUSDS rate.
  • 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 1 Week
Budget 11,988 aUSDS

Important Dates

  • Program Start: 2025-07-30
  • Program End: 2025-08-06
132

New Liquidity Mining Program: EURC on Aave V3 Core Instance

EURC borrowers on Aave V3 Core Instance.

Program Overview

Parameter Value
Network Aave V3 - Core Instance
Reward Token EURC
Program Duration 3 months
Budget 90,000 EURC

Important Dates

  • Program Start: 2025-07-23
  • Program End: 2025-10-23
  • Claim Frequency: Monthly basis

Users must meet the following criteria to be eligible for the program:

Action rewarded:

borrow EURC on Ethereum Core instance Rewards are distributed using the following formula:

f(EURC vToken Holding - EURC aToken Holding / EURC Liquidation Threshold)

Holding EURC aToken reduces rewards.

Strict dilution can be applied against users trying to game the campaign using multiple wallets.

Debt Token(s):

aEthEURC
“i.e: Users who loop EURC deposit with EURC debt will be penalized.”

133

New Incentive program - Deposit GHO on Aave V3 Avalanche Instance

Partner Ava Labs
Instance Avalanche - Aave V3
Rewarded Action(s) holding aGHO on Avalanche instance
Rewarded 10% APR until 50M AUM then diluted pro-rata
Reward Token asAVAX
Budget
Start Date 2025-07-29
End Date 2025-08-20
Claim Expiration 6 months
Overall Program End N/A

Eligibility criteria:

Eligible Holding = aGHO - vGHO Holding / Liquidation Threshold

Users must not engage in asset looping, where the same asset is both deposited and borrowed. For example, depositing GHO and borrowing GHO is not permitted. However, other looping strategy, such as sAVAX with GHO, is still allowed.

Users holding both the same asset in aToken and vToken debt will see their eligible holdings reduced according to the formula above.

ACI reverse the right to fully dilute users who try to game the incentive using multiple wallets.

Additional notes

  1. Ava Labs:

  • Actions must be performed on the Avalanche network.

  • Rewards distributed in asAVAX tokens.

  • Rewards are now distributed through Merit

  1. General:

  • Ensure to claim rewards before the expiry date for all programs.

  • Claims can be performed form Merit front on ACI Dashboard

1 Like
134

Liquidity Mining Program - Renewal

Partner Ava Labs
Instance Avalanche - Aave V3
Rewarded Action(s) Multiple (see below)
Reward Token asAVAX
Weekly Budget 5,000 AVAX
Start Date 2025-07-31
End Date 2025-08-20
Claim Expiration 6 months
Overall Program End N/A

Ava Labs rewarded actions

  • sAVAX Supply: 400 Avax/week

  • USDC Supply: 1900 Avax/week

  • USDt Supply: 900 Avax/week

  • BTC.b Supply: 1800 Avax/week

Eligibility criteria:

Users must not engage in asset looping, where the same asset is both deposited and borrowed. For example, depositing USDC and borrowing USDC is not permitted. However, other looping strategy, such as sAVAX with AVAX, is still allowed.

Eligible Holding = aToken Holding - vToken Holding / Liquidation Threshold

Users holding both the same asset in aToken and vToken debt will see their eligible holdings reduced according to the formula above.

ACI reverse the right to fully dilute users who try to game the incentive using multiple wallets.

Additional notes

  1. Ava Labs:

  • Actions must be performed on the Avalanche network.

  • Rewards distributed in asAVAX tokens.

  • Rewards are now distributed through Merit

  1. General:

  • Ensure to claim rewards before the expiry date for all programs.

  • Claims can be performed form Merit front on ACI Dashboard

1 Like
135

Liquidity Mining Program - Renewal

Partner Ava Labs
Instance Avalanche - Aave V3
Rewarded Action(s) Multiple (see below)
Reward Token asAVAX
Weekly Budget 300 AVAX
Start Date 2025-07-31
End Date 2025-08-20
Claim Expiration 6 months
Overall Program End N/A

Eligibility criteria:

  • Holding aAUSD

Users must not engage in asset looping, where the same asset is both deposited and borrowed. For example, depositing USDC and borrowing USDC is not permitted. However, other looping strategy, such as sAVAX with AVAX, is still allowed.

Eligible Holding = aToken Holding - vToken Holding / Liquidation Threshold

Users holding both the same asset in aToken and vToken debt will see their eligible holdings reduced according to the formula above.

ACI reverse the right to fully dilute users who try to game the incentive using multiple wallets.

Additional notes

  1. Ava Labs:

  • Actions must be performed on the Avalanche network.

  • Rewards distributed in asAVAX tokens.

  • Rewards are now distributed through Merit

  1. General:

  • Ensure to claim rewards before the expiry date for all programs.

  • Claims can be performed form Merit front on ACI Dashboard

1 Like