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

Governance General
165

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 2025-09-25
Round End 2025-10-23
Fixed Budget 185,185 Celo (92,592.5 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 = 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.

166

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 2025-09-25
Round End 2025-10-23
Fixed Budget 51,851 Celo (25,925.5 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.

167

Celo supply USDT and Celo supply wETH incentives are matched by Self program until $5k deposit for USDT and $35k for wETH.
Incentive are to be claim on ACI frontend too. Incentive is limited by Celo funding then reward are distributed pro-rata

168

Possible to translate it into English? I am not receiving the incentive and do not understand where is the issue.

169

i have gotten no rewards for the avalanche gho supply pool for the october 1-october 15th time period. i saw some rewards yesterday that said claimable soon but they are gone now. so, i’m just wondering what’s going on with that. i am just supplying and not trying to game it with borrows or whatever.

1 Like
170

ACI - Merkl Revenue Share Disclosure

Hello,

The ACI, operating the Masiv & Merit products on behalf of the Aave DAO, has negotiated a revenue share program with Merkl, the distribution infrastructure for the incentives programs.

Merkl’s regular pricing is 3% of the volume of incentives distributed.

The ACI reduced that pricing to:

  • 2% (2/3) for non-yield-bearing tokens
  • 1% (1/3) for yield bearing aTokens
  • 0.5% (/6) for Aave DAO-funded campaigns → ACI doesn’t take any rev share on these campaigns

This is the general principle; some exceptions may apply due to network or token constraints.

This allows Aave users to get more yield and rewards from the same budget lines. Aave is the only protocol benefiting from this pricing.

The ACI negotiated a revenue share from Merkl fees to contribute to its budget. Additionally, yield generated by yet-to-claim yield-bearing tokens is also revenue-shared to the ACI.

This contributes to ACI resources without impacting the Aave DAO’s budget; on the contrary, Aave users get, on average, more rewards with this new fee structure.

6 Likes
171

Recap of current incentives:

Ethereum Core:

  • net supply ETHx, incentive is sponsored by Stadder and reward is 0.5% APR paid in SD token
  • net supply RLUSD, incentive is sponsored by Ripple and reward is 5% APR paid in aRLUSD up to 1.4M for 2 weeks. start date: December 3th - end round date: December 17th
  • net supply PYUSD, incentive is sponsored by Paypal and reward is 6% APR paid in aPYUSD up to 600k budget for 2 weeks. Start date: December 5th - end round date: December 19th
  • net supply syrupUSDT and borrow USDT, incentive is sponsored by Maple and reward is 56.5k syrupUSDT paid in asyrupUSDT. Start date: December 3th - end round December 31th
  • net supply 50/50 USDe and sUSDe: start date: December 4th - round end: December 11th it will be renew for at least 1 round
  • net borrow EURC: December 11th - December 25th

Plasma:

  • net supply USDT0: start date: December 4th - round end: January 15th
  • net borrow USDT0:
    • Plasma incentive: reward token XPL, budget: start date: December 4th - round end: January 15th
    • Aave incentive: reward token, budget:
  • net supply 50/50 USDe and sUSDe: start date: December 4th - round end: December 11th it will be renew for at least 1 round
  • net supply XPL, incentive is sponsored by Plasma, budget: 2k wXPL start date: December 4th - round end: January 15th
  • net supply wETH start date: December 4th - round end: January 15th
  • net supply weETH:
    • Plasma incentive start date: December 4th - round end: January 15th
    • Etherfi incentive start date: December 4th - round end: January 15th

Base:

  • net borrow USDC: Holding GHO, USDC, USDbC and their aTokens reduces rewards. November 23th - December 23th
  • net borrow GHO: Holding GHO, USDC, USDbC and their aTokens reduces rewards. November 23th - December 23th

Celo:

  • net supply USDT: incentive start date: December 4th - round end: December 18th
  • net supply wETH: incentive start date: December 4th - round end: December 18th
  • net supply (CELO / wETH) and borrow USDT: incentive start date: December 4th - round end: December 18th

For all of the above: Strict dilution can be applied against users trying to game the campaign using multiple wallets.

1 Like