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

[Nandy.eth]

Incentive program Renewal - 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 max budget then diluted pro-rata
Reward Token	asAVAX
Max Budget	Remanning budget of previous round (15K AVAX minus distributed amount on round 1)
Start Date	2025-08-20
End Date	2025-09-03
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

[Nandy.eth]

Renewal - Ava Labs Incentives on Avalanche & New Campaign

Campaign configuration

Parameter	Value
Aave Instance	Aave V3 Avalanche
Reward Token	asAVAX
Round Duration	2 weeks
Claim frequency	Bi-Weekly
Round Start	2025-08-20
Round End	2025-09-03
Fixed budget	5000 AVAX
Reward Expiration	6 months

---

Rewarded Actions & Allocations

Action	Weekly Reward (AVAX)
Supply
sAVAX	400
USDC	1,400
USDt	900
BTC.b	1,800
Borrow
USDC	500

---

Eligibility Rules

• No Asset Looping: You cannot both deposit and borrow the same asset (e.g., depositing USDC and borrowing USDC is prohibited).
• Allowed Strategies: Looping between different assets (e.g., sAVAX and AVAX) is permitted.
• Eligible Holdings Calculation:
  • For Suppliers: Eligible Holding = aToken Holding - (vToken Holding / Liquidation Threshold)
  • For Borrowers: Eligible Holding = vToken Holding - (aToken Holding / Liquidation Threshold)
• Penalties: ACI reserves the right to fully dilute rewards for users attempting to game the system (e.g., using multiple wallets).

---

Key Notes

• Network: All actions must occur on the Avalanche network.
• Reward Distribution: Rewards are paid in asAVAX and distributed via Merit on ACI Dashboard.
• Claim Reminder: Claim all rewards before the 6-month expiration.

[Nandy.eth]

Deposit (non-USDC) → Borrow USDC → Swap to GHO → Supply GHO. Earn USDC & GHO Avalanche incentives!"

[ACI]

Renewal - Liquidity Mining Program: USDS

USDS 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.

Program Overview

Parameter	Value
Network	Aave V3 Ethereum Core
Reward Token	aUSDS
Program Duration	1 Week
Budget	13,651 aUSDS

Important Dates

• Program Start: 2025-08-20

• Program End: 2025-08-27

[MartinGbz]

Renewal - MASIv “Supply USDC” incentive on Sonic

Program Overview

Parameter	Value
Aave Instance	Aave V3 Sonic
Action Token	aUSDC
Reward Token	awS
Round Duration	5 weeks
Claim frequency	Weekly
Round Start	2025-07-29
Round End	2025-08-26
Fixed APR	2.5%
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = USDC aToken Holding - USDC Debt Token Holding / USDC Liquidation Threshold

i.e: Users who loop USDC deposit with USDC 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.

[MartinGbz]

Renewal - MASIv “Supply ETHx” incentive on Aave V3 Core Instance

Program Overview

Parameter	Value
Aave Instance	Aave V3 Ethereum Core
Action Token	aETHx
Reward Token	SD
Round Duration	14 days
Round Start	2025-08-19
Round End	2025-09-02
Fixed APR	0.3%
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = ETHx aToken Holding - Debt Token Holding / ETHx Liquidation Threshold

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.

[Eth_Analyst]

Hi, I borrowed quite a lot of EURC to be eligible for this liquidity mining program and since the last round just ended, I checked the ACI Dashboard. It has recognized my EURC borrow position (eligible to merit), however rewards claimable remains zero. Can I get someone to advise what is wrong?

[Nandy.eth]

EURC Masiv program have been distributed. Feel free to check back the ACI dashboard. If the issue persist and you sure to have follow all campaigns rules which most of the time is the issue, feel free to contact us on ACI’s support Telegram

[MartinGbz]

Renewal - MASIv “Supply USDC” incentive on Sonic

Program Overview

Parameter	Value
Aave Instance	Aave V3 Sonic
Action Token	aUSDC
Reward Token	awS
Round Duration	2 weeks
Claim frequency	Weekly
Round Start	2025-08-26
Round End	2025-09-09
Fixed APR	2.5%
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = USDC aToken Holding - USDC Debt Token Holding / USDC Liquidation Threshold

i.e: Users who loop USDC deposit with USDC 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.

[MartinGbz]

Renewal - MASIv “Supply RLUSD” incentives on Core

Program Overview

Parameter	Value
Aave Instance	Aave V3 Ethereum Core
Action Token	aRLUSD
Reward Token	aRLUSD
Round Duration	2 weeks
Round Start	2025-27-08
Round End	2025-10-09
Fixed APR	10% up to 330M AUM
Expiration	6 months

After achieving AUM, the rewards budget will be distributed pro-rata. We reserve the right to increase the target total deposits or the rate during the campaign round.

Eligibility Criteria

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

• Eligible Holding Calculation:
  Eligible Holding = RLUSD aToken Holding - Undesired supplied Token Holding / RLUSD Liquidation Threshold

• Undesired Supplied Token(s):

  • vRLUSD

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

We reserve the right to track users who attempt to game the incentive anti-loop by using multiple accounts, and to partially or completely dilute their rewards depending on the situation.

Reward Claiming

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

[MartinGbz]

Renewal - MASIv “Supply stS & Borrow wS” on Sonic

Program Overview

Parameter	Value
Aave Instance	Aave V3 Sonic Instance
Action Token	stS & wS
Reward Token	astS
Round Duration	1 month
Claim frequency	Weekly
Round Start	2025-08-25
Round End	2025-09-18
Fixed Budget	100k (23k per week)
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = min(astS amount * astS Max LTV * stS price, vwS amount * wS price) * time

Reward Claiming

Rewards can be claimed through the Merit front on the ACI Dashboard (ACI Dashboard).

Users have 6 months to claim their rewards.

Relative Forum Post

https://governance.aave.com/t/arfc-sts-loop-incentive-program/22368

[MartinGbz]

Renewal - MASIv “Supply Celo or WETH & Borrow USDT” on Celo

Program Overview

Parameter	Value
Aave Instance	Aave V3 Celo Instance
Action Token	supply CELO & borrow USDT // supply ETH & borrow USDT
Reward Token	aCELO
Round Duration	4 weeks
Claim frequency	Weekly
Round Start	2025-08-28
Round End	2025-09-25
Fixed Budget	48k Celo (24k per round of 2 weeks)
Reward Expiration	6 months

Eligibility Criteria CELO/USDT campaign

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

Eligible Holding = min(aCelo amount * aCelo Max LTV * Celo price, vUSDT amount * USDT price) * time

• undesired token: USDT aToken and Celo & ETH debt token

Eligibility Criteria ETH/USDT campaign

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

Eligible Holding = min(aETH amount * aETH Max LTV * ETH price, vUSDT amount * USDT price) * time

• undesired token: USDT aToken and ETH & Celo debt token

Reward Claiming

Rewards can be claimed through the Merit front on the ACI Dashboard (ACI Dashboard).

Users have 6 months to claim their rewards.

[MartinGbz]

Renewal - MASIv “Supply ETHx” incentive on Aave V3 Core Instance

Program Overview

Parameter	Value
Aave Instance	Aave V3 Ethereum Core
Action Token	aETHx
Reward Token	SD
Round Duration	14 days
Round Start	2025-09-02
Round End	2025-09-16
Fixed APR	0.3%
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = ETHx aToken Holding - Debt Token Holding / ETHx Liquidation Threshold

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.

[MartinGbz]

Renewal - Ava Labs Incentives on Avalanche & New Campaign Update

Campaign configuration

Parameter	Value
Aave Instance	Aave V3 Avalanche
Reward Token	asAVAX
Round Duration	2 weeks
Claim frequency	Bi-Weekly
Round Start	2025-09-03
Round End	2025-09-17
Fixed budget	5000 AVAX
Reward Expiration	6 months

---

Rewarded Actions & Allocations

Action	Weekly Reward (AVAX)
Supply
sAVAX	400
USDC	1,400
USDt	900
BTC.b	1,800
Borrow
USDC	500

---

Eligibility Rules

• (New) USDC Borrow rule: Only the new debt created after the start of the round 1 of this campaign (mainnet block 23182501 ~20/08/25) will be eligible

• No Asset Looping: You cannot both deposit and borrow the same asset (e.g., depositing USDC and borrowing USDC is prohibited).

• Allowed Strategies: Looping between different assets (e.g., sAVAX and AVAX) is permitted.

• Eligible Holdings Calculation:

  • For Suppliers: Eligible Holding = aToken Holding - (vToken Holding / Liquidation Threshold)

  • For Borrowers: Eligible Holding = vToken Holding - (aToken Holding / Liquidation Threshold)

• Penalties: ACI reserves the right to fully dilute rewards for users attempting to game the system (e.g., using multiple wallets).

---

Key Notes

• Network: All actions must occur on the Avalanche network.

• Reward Distribution: Rewards are paid in asAVAX and distributed via Merit on ACI Dashboard.

• Claim Reminder: Claim all rewards before the 6-month expiration.

[MartinGbz]

Renewal - MASIv “Supply GHO” incentive on Aave V3 Avalanche Instance

Partner	Ava Labs
Instance	Avalanche - Aave V3
Rewarded Action(s)	Holding aGHO on Avalanche instance
Capped APR	10%
Reward Token	asAVAX
Max Budget	50M AUM
Start Date	2025-09-03
End Date	2025-09-17
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.

Key Notes

• Network: All actions must occur on the Avalanche network.

• Reward Distribution: Rewards are paid in asAVAX and distributed via MASIv on ACI Dashboard.

• Claim Reminder: Claim all rewards before the 6-month expiration.

[MartinGbz]

Renewal - MASIv “Borrow EURC” incentive on Base

Program Overview

Parameter	Value
Aave Instance	Aave V3 Base Instance
Action Token	vEURC
Reward Token	aEURC
Round Duration	1 month
Round Start	2025-09-05
Round End	2025-10-07
Fixed APR	2% until max budget (if max budget reached reward will be distributed pro-rata)
Max Budget	25k
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = EURC vToken Holding - EURC aToken Holding / EURC Liquidation Threshold

i.e: Users who loop EURC deposit with EURC 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.

[MartinGbz]

Renewal - MASIv “Supply USDT” on Celo

Program Overview

Parameter	Value
Aave Instance	Aave V3 Celo Instance
Action Token	aCelUSDT
Reward Token	aCELO
Round Duration	4 weeks
Claim frequency	Weekly
Round Start	2025-08-28
Round End	2025-09-25
Fixed Budget	138k Celo (69k per round of 2 weeks)
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = USDT aToken Holding - USDT vToken Holding / USDT Liquidation Threshold

Reward Claiming

Rewards can be claimed through the Merit front on the ACI Dashboard (ACI Dashboard).

Users have 6 months to claim their rewards.

[MartinGbz]

Renewal - MASIv “Supply WETH” on Celo

Program Overview

Parameter	Value
Aave Instance	Aave V3 Celo Instance
Action Token	aCelWETH
Reward Token	aCELO
Round Duration	4 weeks
Claim frequency	Weekly
Round Start	2025-08-28
Round End	2025-09-25
Fixed APR	3%
Max Budget	79.5k CELO (39.75k per round of 2 weeks)
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = WETH aToken Holding - WETH vToken Holding / WETH Liquidation Threshold

Reward Claiming

Rewards can be claimed through the Merit front on the ACI Dashboard (ACI Dashboard).

Users have 6 months to claim their rewards.

[Nandy.eth]

Renewal - Liquidity Mining Program

Parameter	Ava Labs
Network	Avalanche
Rewarded Action(s)	Multiple (see below)
Reward Token	asAVAX
Program Duration	2 Weeks
Current Budget	8,200 AVAX (4,100 weekly)
Start Date	2025-10-15
End Date	2025-10-29
Claim Expiration	6 months
Overall Program End	N/A

Ava Labs Rewarded Actions (Weekly Amounts in AVAX)

• sAVAX net Supply: 800
• USDC net supply: 2,400
• USDC net borrow: 700
• USDT net bupply: 1,500
• BTC.b net supply: 2,800

Additional Notes

• Actions must be performed on the Avalanche network.
• Rewards distributed in asAVAX tokens.
• ACI reserve the right to blacklist for Ava Labs any address that try to go around the campaign rules or any address Ava Labs requests
• Ensure to claim rewards before the expiry date for all programs.
• Claims can be performed form Merit front on ACI Dashboard

[Nandy.eth]

Renewal - MASIv “Supply WETH” on Celo

Program Overview

Parameter	Value
Aave Instance	Aave V3 Celo Instance
Action Token	aCelWETH
Reward Token	aCELO
Round Duration	4 weeks
Claim frequency	Weekly
Round Start	2025-09-25
Round End	2025-10-23
Fixed APR	3%
Max Budget	77, 777 CELO (38,888.5 per round of 2 weeks)
Reward Expiration	6 months

Eligibility Criteria

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

Eligible Holding = WETH aToken Holding - WETH vToken Holding / WETH Liquidation Threshold

Reward Claiming

Rewards can be claimed through the Merit front on the ACI Dashboard (ACI Dashboard).

Users have 6 months to claim their rewards.