# \[Direct-to-AIP\] April 2026 - Funding Update **URL:** \ **Category:** Finance\ **Created:** [April 15, 2026, 6:22am UTC](https://governance.aave.com/t/direct-to-aip-april-2026-funding-update/24447 "2026-04-15T06:22:16Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![TokenLogic](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/tokenlogic/32/8248_2.png) [@TokenLogic](https://governance.aave.com/u/TokenLogic)\ **Post date:** [April 15, 2026, 6:22am UTC](https://governance.aave.com/t/direct-to-aip-april-2026-funding-update/24447/1 "2026-04-15T06:22:16Z")
* * * title: [Direct-to-AIP] April 2026 - Funding Update author: @TokenLogic created: 2026-04-15 * * * # Summary This publication presents the April Funding Update, consisting of the following key activities: - Acquire GHO to support the runway; and, - Create Allowances to support Operations. # Motivation This publication addresses near-term operational requirements, consolidates asset holdings, and refreshes the MainnetSwapSteward’s Allowances to support buyback and runway initiatives. The MainnetSwapSteward will continue executing a rolling GHO acquisition strategy to maintain adequate runway, support AAVE buybacks, and preserve sufficient budget to fund ongoing growth initiatives. ### Reimburse Audit Costs Reimburse TokenLogic for costs incurred in facilitating the audit of one PR intended to streamline the UX for moving from USDC or USDT to GHO or sGHO. The [Gho Router](https://governance.aave.com/t/arfc-sgho-launch-configuration/24346) contract allows users to swap routes, use GSMs (Gho Stability Modules), and enter/exit sGHO. [proposal](https://governance.aave.com/t/arfc-sgho-launch-configuration/24346). The total cost of ChainSecurities’s audit was 21,322.38 GHO. # Specification ### Runway Deposit idle ETH on the Collector into the Aave v3 Core instance. Use the [MainnetSwapSteward](https://governance.aave.com/t/arfc-steward-deployment-mainnetswapsteward-and-rewardssteward/23070) and a portion of the ETH received from recent liquidation volume to acquire 4M of GHO to be deposited into the Prime instance. ### Merit Program Create an allowance for Merit of 2M aEthLidoGHO from Aave V3 Prime on Ethereum, sufficient to cover slightly more than 7 weeks of duration at the current 275k/week spend rate: - Asset: aEthLidoGHO: `0x18eFE565A5373f430e2F809b97De30335B3ad96A` - Amount: 2M - Spender: Merit`0xdeadD8aB03075b7FBA81864202a2f59EE25B312b` - Method: approve() aEthLidoGHO on the Aave Collector contract to the Merit address ### Audit Budget Create an allowance for 1M aEthLidoGHO from Aave V3 Prime on Ethereum, near-term audit expenses: - Asset: aEthLidoGHO: `0x18eFE565A5373f430e2F809b97De30335B3ad96A` - Amount: 1M - Spender: Aave v4 Audit `0xAAf400e4Bbc38B5E2136C1a36946Bf841A357307` - Method: approve() aEthLidoGHO on the Aave Collector contract to the Aave v4 Audit address ### Avalanche To support asset bridging, an Allowance will be created, enabling the AFC to bridge the following assets from Avalanche to Ethereum. - Amount: 1.55M [aAvaUSDT](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0x6ab707Aca953eDAeFBc4fD23bA73294241490620&chainid=43114) `0x6ab707Aca953eDAeFBc4fD23bA73294241490620` - Amount: 650k [avUSDT](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0x532E6537FEA298397212F09A61e03311686f548e&chainid=43114) `0x532E6537FEA298397212F09A61e03311686f548e` - Amount: 2.25M [avUSDC](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0x46A51127C3ce23fb7AB1DE06226147F446e4a857&chainid=43114) `0x46A51127C3ce23fb7AB1DE06226147F446e4a857` - Amount: 3.5M [aAvaUSDC](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0x625E7708f30cA75bfd92586e17077590C60eb4cD&chainid=43114) `0x625E7708f30cA75bfd92586e17077590C60eb4cD` - Amount: 2.75M [aAvaDAI](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0x82E64f49Ed5EC1bC6e43DAD4FC8Af9bb3A2312EE&chainid=43114) `0x82E64f49Ed5EC1bC6e43DAD4FC8Af9bb3A2312EE` - Amount: 8 [aAvaWETH](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0xe50fA9b3c56FfB159cB0FCA61F5c9D750e8128c8&chainid=43114) `0xe50fA9b3c56FfB159cB0FCA61F5c9D750e8128c8` - Amount: 118,000 [aAvaWAVAX](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0x6d80113e533a2C0fe82EaBD35f1875DcEA89Ea97&chainid=43114) `0x6d80113e533a2C0fe82EaBD35f1875DcEA89Ea97` - Amount: 4 [aAvaBTC.b](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/tokentxns?tokenaddress=0x8ffDf2DE812095b1D19CB146E4c004587C0A0692&chainid=43114) `0x8ffdf2de812095b1d19cb146e4c004587c0a0692` - Amount: 335 [WETH.e](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0/multichain-portfolio) `0x49D5c2BdFfac6CE2BFdB6640F4F80f226bc10bAB` - Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` - Method: approve() the above assets on the Aave Collector contract to the AFC address. The holdings shall be consolidated into USDT, USDC and wETH before being transferred to the Collector Contract on Ethereum. ### Base Wrap ETH to wETH. To support asset bridging, an Allowance will be created, enabling the AFC to bridge the following assets from Base to Ethereum. - Amount: 625 [WETH](https://basescan.org/token/0x4200000000000000000000000000000000000006?a=0xBA9424d650A4F5c80a0dA641254d1AcCE2A37057) `0x4200000000000000000000000000000000000006` - Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` - Method: approve() the above assets on the Aave Collector contract to the AFC address. The holdings shall be transferred to the Collector Contract in the form of wETH on Ethereum. ### Arbitrum To support asset bridging, an Allowance will be created, enabling the AFC to bridge the following assets from Arbitrum to Ethereum. - Amount: 1,350 [aArbWETH](https://arbiscan.io/token/0xe50fa9b3c56ffb159cb0fca61f5c9d750e8128c8?a=0x053D55f9B5AF8694c503EB288a1B7E552f590710) `0xe50fA9b3c56FfB159cB0FCA61F5c9D750e8128c8` - Amount: 65 [aArbweETH](https://arbiscan.io/token/0x8437d7c167dfb82ed4cb79cd44b7a32a1dd95c77?a=0x053D55f9B5AF8694c503EB288a1B7E552f590710) `0x8437d7C167dFB82ED4Cb79CD44B7a32A1dd95c77` - Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` - Method: approve() the above assets on the Aave Collector contract to the AFC address. The holdings shall be transferred and consolidated into wETH, then sent to the Collector Contract on Ethereum. ### Linea To support asset bridging, an Allowance will be created, enabling the AFC to bridge the following assets from Linea to Ethereum. - Amount: 190 [aLinWETH](https://lineascan.build/token/0x787897df92703bb3fc4d9ee98e15c0b8130bf163?a=0x86E2938daE289763D4e09a7e42c5cCcA62Cf9809) `0x787897dF92703BB3Fc4d9Ee98e15C0b8130Bf163` - Amount: 220k [aLinUSDC](https://lineascan.build/token/0x374d7860c4f2f604de0191298dd393703cce84f3?a=0x86E2938daE289763D4e09a7e42c5cCcA62Cf9809) `0x374D7860c4f2f604De0191298dD393703Cce84f3` - Amount: 140k [aLinUSDT](https://lineascan.build/token/0x88231dfec71d4ff5c1e466d08c321944a7adc673?a=0x86E2938daE289763D4e09a7e42c5cCcA62Cf9809) `0x88231dfEC71D4FF5c1e466D08C321944A7adC673` - Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` - Method: approve() the above assets on the Aave Collector contract to the AFC address. The holdings shall be transferred and consolidated into USDC, USDT and wETH, then sent to the Collector Contract on Ethereum. ### Scroll To support asset bridging, an Allowance will be created, enabling the AFC to bridge the following assets from Scroll to Ethereum. - Amount: 175 [aScrWETH](https://scrollscan.com/address/0x90eB541e1a431D8a30ED85A77675D1F001128cb5?tab=tokens) `0xf301805bE1Df81102C957f6d4Ce29d2B8c056B2a` - Amount: 101k [aScrUSDC](https://scrollscan.com/token/0x1D738a3436A8C49CefFbaB7fbF04B660fb528CbD) `0x1D738a3436A8C49CefFbaB7fbF04B660fb528CbD` - Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` - Method: approve() the above assets on the Aave Collector contract to the AFC address. The holdings shall be transferred and consolidated into USDC and wETH, then sent to the Collector Contract on Ethereum. ### Plasma To support asset bridging, an Allowance will be created, enabling the AFC to bridge the following assets from Plasma to Ethereum. - Amount: 55 [aPlaWETH](https://plasmascan.to/token/0xf1ab7f60128924d69f6d7de25a20ef70bbd43d07?a=0x5E2d083417D12d4B0824E14Ecd48D26831F4Da7D) `0xf1aB7f60128924d69f6d7dE25A20eF70bBd43d07` - Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` - Method: approve() the above assets on the Aave Collector contract to the AFC address. The holdings shall be transferred and consolidated into wETH, then sent to the Collector Contract on Ethereum. ### Ethereum To support the continued success of the friendly Tydro deployment and general operational readiness, an AAVE Allowance from the Ecosystem Reserve will be created to fund an upcoming incentive campaign. - Amount: 200k [AAVE](https://etherscan.io/token/0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9?a=0x25f2226b597e8f9514b3f68f00f494cf4f286491) `0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9` - Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` - Method: approve() the above assets on the [Ecosystem Reserve](https://etherscan.io/token/0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9?a=0x25f2226b597e8f9514b3f68f00f494cf4f286491) contract to the AFC address from which it will be routed to the Ink Network. ### Funding Flexibility Wrap ETH to wETH. To support continued operations and provide flexible funding optionality, create the following Allowance. - Amount: 25k [WETH](https://etherscan.io/token/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2) `0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2` - Amount: 600 [weETH](https://etherscan.io/token/0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee) `0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee` - Amount: 220 [wstETH](https://etherscan.io/token/0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0) `0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0` - Amount: 60 [rETH](https://etherscan.io/token/0xae78736cd615f374d3085123a210448e74fc6393) `0xae78736Cd615f374D3085123A210448E74Fc6393` - Amount: 4k [aEthWETH](https://etherscan.io/token/0x4d5f47fa6a74757f35c14fd3a6ef8e3c9bc514e8?a=0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c) `0x4d5F47FA6A74757f35C14fD3a6Ef8E3C9BC514E8` - Spender: Ahab`0xAA2461f0f0A3dE5fEAF3273eAe16DEF861cf594e` - Method: approve() on the Aave Collector contract to the ahab address ### Refresh mainnetSwapSteward Allowances To support continued funding operations, replenish Allowances on the `MainnetSwapSteward`. | Token | Budget | | --- | --- | | wBTC | 80 | | cbBTC | 7 | | ETH | 10k | | LINK | 60k | | USDC | 10M | | USDT | 10M | | USDe | 10M | | USDS | 10M | | DAI | 5M | Reference: [MainnetSwapSteward](https://governance.aave.com/t/arfc-steward-deployment-mainnetswapsteward-and-rewardssteward/23070) forum post. Alongside these budgets, add ability to swap tokens to WETH. Add WBTC as a swappable asset, with corresponding oracle. Add cbBTC as a swappable asset, with corresponding oracle. Add LINK as a swappable asset, with corresponding oracle. Add 1Inch to WETH path. Add SNX to WETH path. Each of the assets mentioned above, as well as those with existing Allowances, can be swapped to wETH via the Aave Swapper. ### Reimbursements Reimburse 21,322.38 GHO to TokenLogic for GhoRouter audit expenses incurred. Asset: GHO: `0x40D16FC0246aD3160Ccc09B8D0D3A2cD28aE6C2f` Amount: 21,322.38 Spender: TokenLogic `0xAA088dfF3dcF619664094945028d44E779F19894` ### Update Stream Cancel StreamID 100015 due to misconfiguration. The respective Service Provider will refund the portion of AAVE tokens corresponding to the remaining stream duration. ### Bug Bounty - 5,000 GHO to `0xa9E6B917F3e0a89664d648B6DF474AB88D0D15ff` - $500 GHO to `0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18` (immunefi.eth). This is the fee corresponding to 10% of the previous bounty. ### Disclosure TokenLogic is an active service provider to the Aave DAO, the beneficiary of stream 100072 and the KPI as outlined in this [publication](https://governance.aave.com/t/arfc-service-provider-compensation-reform-for-v4-alignment/23246). The scope of this engagement is available via this forum [proposal](https://governance.aave.com/t/arfc-tokenlogic-phase-ii/23223). TokenLogic supports and maintains an independent [delegate voting platform](https://governance.aave.com/t/tokenlogic-delegate-platform/12516) within the Aave community. TokenLogic and associated entities have no undisclosed material conflicts of interest at the time of submission. # Next Steps 1. Using the Direct-to-AIP process, submit AIP(s) for vote. # Copyright Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).