# \[ARFC\] stMATIC & MaticX Emission\_Admin for Polygon v3 Liquidity Pool **URL:** \ **Category:** Governance\ **Created:** [November 12, 2022, 12:14pm UTC](https://governance.aave.com/t/arfc-stmatic-maticx-emission-admin-for-polygon-v3-liquidity-pool/10632 "2022-11-12T12:14:09Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![Llamaxyz](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/llamaxyz/32/2044_2.png) [@Llamaxyz](https://governance.aave.com/u/Llamaxyz)\ **Post date:** [November 12, 2022, 12:14pm UTC](https://governance.aave.com/t/arfc-stmatic-maticx-emission-admin-for-polygon-v3-liquidity-pool/10632/1 "2022-11-12T12:14:09Z")
* * * Title: [ARFC] stMATIC & MaticX Emission\_Admin for Polygon v3 Liquidity Pool Author: @llamaxyz @MatthewGraham Dated: 2022-11-11 * * * # Simple Summary @llamaxyz proposed assigning the stMATIC and MaticX `Emission_Admin` role on the Aave v3 Polygon Liquidity Pool to a Gnosis Safe controlled by the Polygon Foundation. # Abstract The Polygon Foundation team intends to distribute stMATIC and MaticX incentives to the wMATIC Reserve on Polygon Aave v3. In order to achieve this, the `EmissionManager` contract needs to assign an owner to the `Emission_Admin` permission allowing stMATIC and MaticX rewards to be distributed, [1,2]. This can only be achieved via the governance process. This proposal assigns the `Emission_Admin` permission to stMATIC and MaticX rewards to the following address `0x0c54a0BCCF5079478a144dBae1AFcb4FEdf7b263`. # Motivation The motivation of the proposal is to enable stMATIC and MaticX rewards to be distributed on the Polygon v3 Liquidity Pool. Please do note a similar request was submitted enabling the Lido community to distribute LDO rewards across the Polygon Aave v3 liquidity pool, [3]. # Specification The Polygon Foundation team will determine the emission rate and duration at which stMATIC and MaticX rewards are offered. This will likely be influenced by the Aave DAO’s ability to adjust the wMATIC, stMATIC and MaticX risk parameters that enable users to generate a return from leverage the stMATIC / wMATIC and MaticX/wMATIC loop. The `Emission_Admin` is not limited to a specified Reserve and is linked to the token being distributed across the Liquidity Pool. The `EmissionManager` determines the stMATIC and MaticX `Emission_Admin` and not the stMATIC or MaticX Reserve. The `Emission_Admin` can distribute stMATIC and MaticX anywhere across the Aave v3 Polygon Liquidity Pool. # Implementation Set `Emission_Admin` permission for stMATIC `matic:0x3A58a54C066FdC0f2D55FC9C89F0415C92eBf3C4` and MaticX `matic:0xfa68FB4628DFF1028CFEc22b4162FCcd0d45efb6` on the Polygon v3 Liquidity Pool to Polygon Foundation’s address: `matic:0x0c54a0BCCF5079478a144dBae1AFcb4FEdf7b263`, [4,5,6]. # References [1] [Aave Protocol Overview](https://docs.aave.com/developers/guides/governance-guide/rewards#create-proposal) [2] [aave-v3-periphery/contracts/rewards/interfaces/IEmissionManager.sol at master · aave/aave-v3-periphery · GitHub](https://github.com/aave/aave-v3-periphery/blob/master/contracts/rewards/interfaces/IEmissionManager.sol) [3] [[ARFC] LDO Emission\_Admin for Polygon v3 Liquidity Pool](https://governance.aave.com/t/arc-ldo-emission-admin-for-polygon-v3-liquidity-pool/10575) [4] [https://polygonscan.com/token/0x3a58a54c066fdc0f2d55fc9c89f0415c92ebf3c4](https://polygonscan.com/token/0x3a58a54c066fdc0f2d55fc9c89f0415c92ebf3c4) [5] [https://polygonscan.com/token/0xfa68fb4628dff1028cfec22b4162fccd0d45efb6](https://polygonscan.com/token/0xfa68fb4628dff1028cfec22b4162fccd0d45efb6) [6] [Safe{Wallet}](https://gnosis-safe.io/app/matic:0x0c54a0BCCF5079478a144dBae1AFcb4FEdf7b263/balances) [7] [Deed - CC0 1.0 Universal - Creative Commons](https://creativecommons.org/publicdomain/zero/1.0/) # Copyright Copyright and related rights waived via CC0, [7]. ---
**Author:** ![Llamaxyz](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/llamaxyz/32/2044_2.png) [@Llamaxyz](https://governance.aave.com/u/Llamaxyz)\ **Post date:** [November 21, 2022, 1:11pm UTC](https://governance.aave.com/t/arfc-stmatic-maticx-emission-admin-for-polygon-v3-liquidity-pool/10632/2 "2022-11-21T13:11:35Z")
Hi Everyone, A [Snapshot](https://snapshot.org/#/aave.eth/proposal/0x0a319a2b17cc04b804e74f71fb54c3c8a7c21f8c8925b9da72d92028be634bb2) vote has been created for this proposal. We hope everyone can participate in this vote and we thank all participants in advance for taking the time to vote. ---
**Author:** ![Llamaxyz](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/llamaxyz/32/2044_2.png) [@Llamaxyz](https://governance.aave.com/u/Llamaxyz)\ **Post date:** [December 12, 2022, 8:11am UTC](https://governance.aave.com/t/arfc-stmatic-maticx-emission-admin-for-polygon-v3-liquidity-pool/10632/3 "2022-12-12T08:11:36Z")
Hi Everyone 👋 The [AIP](https://app.aave.com/governance/proposal/128/) vote failed to meet quorum over the weekend. With only 314.4k of the 320k votes needed being submitted. There was almost a perfect 100% YAE vote. The Snapshot had 376k YAE votes and 143 ABSTAIN votes, again overwhelmingly in favor of YAE votes. We intend to resubmit the AIP for voting this week. ---
**Author:** ![Llamaxyz](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/llamaxyz/32/2044_2.png) [@Llamaxyz](https://governance.aave.com/u/Llamaxyz)\ **Post date:** [December 12, 2022, 7:48pm UTC](https://governance.aave.com/t/arfc-stmatic-maticx-emission-admin-for-polygon-v3-liquidity-pool/10632/4 "2022-12-12T19:48:43Z")
Hi Everyone 👋 We have resubmitted the AIP for voting. > **[Aave - Open Source Liquidity Protocol](https://app.aave.com/governance/proposal/?proposalId=130)** > > Aave is an Open Source Protocol to create Non-Custodial Liquidity Markets to earn interest on supplying and borrowing assets with a variable or stable interest rate. The protocol is designed for easy integration into your products and services. Thank you in advance to all those who participate in the vote.