[ARFC] Set ARB Emission Admin to Aave DAO


title: [ARFC] Set ARB Emission Admin to Aave DAO
author: @karpatkey_TokenLogic & @ACI
created: 2024-05-20


Simple Summary

This proposal enables @ACI and @karpatkey_TokenLogic to distribute ARB rewards across Aave v3 on Arbitrum.

Motivation

The Aave DAO is to receive a LTIPP grant from the Arbitrum Foundation to support the adoption and growth of the Aave Protocol and GHO. As part of this project, @ACI and @karpatkey_TokenLogic seeks to distribute ARB rewards across Aave v3 on Arbitrum.

The Aave DAO is to receive 375,000 ARB tokens to encourage borrowing of ETH and stable coins on the Aave Protocol. Another 375,000 ARB is to be directed to the Aave Liquidity Committee to support the broader adoption of GHO. The details on the DAOs grant application submitted by the @ACI team can be found here.

Specification

The EmissionManager, a governance controlled function, assigns the Emission_Admin role for a specified token, ARB on the Arbitrum network.

The Emission_Admin role controls the distribution of the specified token, ARB, across the specified Aave v3 deployment.

The Emission_Admin can distribute ARB anywhere across the Aave v3 Arbitrum Liquidity Pool.

The proposal will follow the Direct-to-AIP governance process as detailed here.

Implementation

Set Emission_Admin permission for ARB to the following Aave DAO address:

Aave v3 Arbitrum
Address Reward (ARB): 0x912CE59144191C1204E64559FE8253a0e49E6548
EMISSION_ADMIN: 0xcaf8155D99a0d11567f039422BB8A0BA003788E5

The AIP call setEmissionAdmin() method in the emission_manager contract.

EMISSION_MANAGER.setEmissionAdmin(ARB,EMISSION_ADMIN);

Disclosure

TokenLogic and karpatkey receive no payment for this proposal. TokenLogic and karpatkey are both delegates within the Aave community.

Copyright

Copyright and related rights waived via CC0.

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