[ARFC] Set osETH & SWISE Emission Admin to StakeWise


title: [ARFC] Set osETH & SWISE Emission Admin to StakeWise
author: @karpatkey_TokenLogic & @ACI
created: 2024-02-09


Simple Summary

This proposal enables StakeWise to distribute osETH and/or SWISE rewards across Aave v3 on Ethereum.

Motivation

With osETH being added to Aave v3 Ethereum in the near future, this publication enables StakeWise to emit osETH and/or SWISE rewards across Aave v3 on Ethereum.

StakeWise intends to use the rewards to support the continued growth and adoption of osETH.

Specification

The EmissionManager, a governance controlled function, assigns the Emission_Admin role for a specified token, osETH and SWISE on the Ethereum network.

The Emission_Admin role controls the distribution of the specified token, osETH and SWISE , across the specified Aave v3 deployment.

The Emission_Admin can distribute osETH and SWISE anywhere across the Aave v3 Ethereum Liquidity Pool.

Implementation

Set Emission_Admin permission for osETH and SWISE to the following StakeWise Liquidity Committee Master SAFE address:

Aave v3 Ethereum
Address Reward (SWISE): 0x48C3399719B582dD63eB5AADf12A40B4C3f52FA2
Address Reward (osETH): 0xf1C9acDc66974dFB6dEcB12aA385b9cD01190E38
EMISSION_ADMIN: 0x189Cb93839AD52b5e955ddA254Ed7212ae1B1f61

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

EMISSION_MANAGER.setEmissionAdmin(SWISE,EMISSION_ADMIN);
EMISSION_MANAGER.setEmissionAdmin(osETH,EMISSION_ADMIN);

Disclosure

TokenLogic, karpatkey and ACI receive no payment for this proposal. TokenLogic and karpatkey are both 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

Copyright and related rights waived via CC0.

4 Likes

This proposal has been escalated to ARFC Snapshot .

The vote will start in a few hours. Thank you for your support.

1 Like

Following Snapshot monitoring, the current ARFC Snapshot has passed with both Quorum and YAE as winning option with 661K votes.