[ARFC] Set OP Emission Admin

title: [ARFC] Set OP Emission Admin
author: @karpatkey_TokenLogic, @ACI & @ChaosLabs
created: 2024-02-14

Simple Summary

This proposal enables a SAFE with signers from @karpatkey_TokenLogic, @ACI and @ChaosLabs to distribute OP rewards across Aave v3 on Optimism.


Chaos Labs has been engaged by the Optimism Foundation to support the migration from bridged USDC.e to native USDC on the network.

As part of this project, a SAFE is to be created that will receive OP tokens on behalf of the Aave DAO. From this SAFE the OP rewards are to be distributed on Aave v3 Optimism.

The SAFE will be 3 of 3 and contains a nested SAFE that is 1 of 2.

There is currently 15.48M units of USDC.e deposited on Optimism v3 that Chaos Labs & the Optimism Foundation intend to attract to USDC with the use of OP rewards.


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

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

The Emission_Admin can distribute OP anywhere across the Aave v3 Optimism Liquidity Pool.


Set Emission_Admin permission for OP to the following SAFE address:

Aave v3 Optimism
Address Reward (OP): 0x4200000000000000000000000000000000000042
EMISSION_ADMIN: 0x3479CEb4b1fcaDC586d4c5F1c16b4d8c0D70Bc71

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



TokenLogic, karpatkey, ACI and Chaos Labs receive no payment for this proposal. TokenLogic, karpatkey and ACI are all delegates within the Aave community.

Next Steps

  1. Gather feedback from the community and risk service providers.
  2. If consensus is reached on this ARFC, escalate this proposal to the Snapshot stage.
  3. If Snapshot outcome is YAE, escalate this proposal to AIP stage


Copyright and related rights waived via CC0.


The following proposal has been escalated to ARFC Snapshot.

Vote will start tomorrow, we encourage everyone to participate.

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Following Snapshot monitoring, the following ARFC Snapshot has ended with both Quorum and YAE as winning option with 675K votes.
Next step will be the publication on AIP.

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