# \[Direct-to-AIP\] July 2026 - Funding Update **URL:** \ **Category:** Governance\ **Created:** [July 6, 2026, 5:47am UTC](https://governance.aave.com/t/direct-to-aip-july-2026-funding-update/25277 "2026-07-06T05:47:15Z")\ **Posts on this page:** 2\ **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:** [July 6, 2026, 5:47am UTC](https://governance.aave.com/t/direct-to-aip-july-2026-funding-update/25277/1 "2026-07-06T05:47:15Z")
* * * title: [Direct-to-AIP] July 2026 - Funding Update author: @TokenLogic created: 2026-06-01 * * * # Summary This publication presents the July Funding Update, consisting of the following key activities: - Acquire GHO to support the runway; and - Create Allowances to support Operations. - Increase Swap Steward allowances - Pay back audit costs # Motivation This publication addresses near-term operational requirements, consolidates asset holdings, and refreshes the MainnetSwapSteward’s Allowances to support operations and future growth opportunities. The MainnetSwapSteward and Aave Finance Committee (AFC) will continue executing a rolling GHO acquisition strategy to maintain adequate runway and preserve sufficient budget to fund ongoing growth initiatives. ### Reimburse Audit Costs Reimburse TokenLogic for costs incurred in facilitating the audit of one Chainlink PR that was modified to accommodate the GHO ↔ sGHO two-way swap layer. The value of the Audit performed by Trail of Bits was 50,000 aEthLidoGHO. ### Incentive Campaign To support the continued success of the friendly Tydro deployment, a 5M GHO budget has been discussed with the Tydro team. During June, 2.5M of the 5M GHO was acquired and moved to the Ink Network, ready to support the Kraken DeFi Borrow campaign. The balance will be moved in line with operational requirements. # Specification ## Ethereum ### Runway Deposit idle ETH on the Collector into the Aave v3 Core instance on Arbitrum, Base and Ethereum. Use the MainnetSwapSteward to acquire 8M GHO for deposit into the Prime instance. ### Refresh mainnetSwapSteward Allowances To support the acquisition of GHO, wETH and AAVE replenish Allowances on the `MainnetSwapSteward`. | Token | Acquirable Asset | | --- | --- | | ETH | GHO, AAVE | | USDC | GHO, AAVE, wETH | | USDT | GHO, AAVE, wETH | | USDe | GHO, AAVE, wETH | | USDS | GHO, AAVE, wETH | | DAI | GHO, AAVE, wETH | | rlUSD | GHO, AAVE, wETH | | pyUSD | GHO, AAVE, wETH | Where the path is not configured (i.e., pyUSD → GHO), we’ll add this path as a swappable pair with its respective oracle. Additionally, increase the pyUSD token budget by 500,000 units. Reference: MainnetSwapSteward forum post. ### Monad Incentives To support the launch of GHO on Monad, this publication grants the AFC permission to use GHO and USDC to provide liquidity on DEXs. For the avoidance of doubt, the AFC may use collateral and debt to fund DEX liquidity. Following through on the Deploy Aave Protocol v3.7 on Monad proposal, create the following Allowance to support the growth and adoption of GHO on the Monad Network. Asset: aEthLidoGHO: `0x18eFE565A5373f430e2F809b97De30335B3ad96A` Amount: 0.5M Spender: ALC `0xA1c93D2687f7014Aaf588c764E3Ce80aF016229b` Method: `approve()` aEthLidoGHO on the Aave Collector contract to the Aave Liquidity Committee (ALC) address. Note: The destination address of the Allowance has been changed from the Aave Finance Committee to the Aave Liquidity Committee. ### GHO:USDC DEX Liquidity To support the launch of GHO on Monad, this publication includes an Allowance to deploy GHO DEX Liquidity on the Monad Network using the Uniswap Protocol. Network: Ethereum Asset: aEthWBTC `0x5Ee5bf7ae06D1Be5997A1A72006FE6C607eC6DE8` Amount: 72 Spender: Ahab `0xAA2461f0f0A3dE5fEAF3273eAe16DEF861cf594e` Note: This aEthWBTC and other assets held on the Ahab are to be used as Collateral to facilitate providing liquidity on the Monad Network. ### Hedging With the treasury holding a large AAVE position and having recently donated to the DeFi United cause, this proposal grants the AFC the ability to participate in the AAVE, ETH and BTC derivative markets to earn yield and/or manage asset exposure throughout the market cycle. Hedging strategies are to be implemented via the CEX Earn Safe, with the administration performed by TokenLogic and Aave Labs. ## Plasma Add the following Allowances to facilitate the removal of small balances and the conversion of assets to USDT0. Asset: aPlaPT\_sUSDE\_9APR2026 `0x53349cBeD7A3F851f0722Bf3Fa8f1b93fA939BeF` Asset: aPlaPT\_USDe\_15JAN2026 `0xEa601A9FECF80bFC529F08A51bD8Cb0d72fc862A` Asset: aPlaPT\_sUSDE\_18JUN2026 `0x68ab954Dc705c66506d499963dD1fbB8aFa23d7d` Asset: aPlaPT\_sUSDE\_15JAN2026 `0x0b9A412c94f07223752031f75a20DDe542D63d5C` Asset: aPlaPT\_USDe\_9APR2026 `0x9326fA5a71C93D5De313c91C3b80D74d0c3a0F5A` Asset: aPlaPT\_USDe\_18JUN2026 `0xDEdFF537fCBa1169E673F78EE23D109885741016` Asset: aPlaWETH `0xf1aB7f60128924d69f6d7dE25A20eF70bBd43d07` Asset: aPlaweETH `0xAf1a7a488c8348b41d5860C04162af7d3D38A996` Asset: aPlasUSDe `0xC1A318493fF07a68fE438Cee60a7AD0d0DBa300E` Amount: Current Balance + discretionary buffer to account for growth until execution time Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` **Refresh the following Allowances:** Network: Plasma Asset: aPlaUSDT0 `0x5d72a9d9a9510cd8cbdba12ac62593a58930a948` Amount: 3M Spender: Ahab `0xAA2461f0f0A3dE5fEAF3273eAe16DEF861cf594e` Network: Arbitrum Asset: aArbWETH `0xe50fA9b3c56FfB159cB0FCA61F5c9D750e8128c8` Amount: 160 Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` Network: Arbitrum Asset: aArbUSDCn `0x724dc807b04555b71ed48a6896b6F41593b8C637` Amount: 150,000 Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` Network: Arbitrum Asset: aArbUSDT `0x6ab707Aca953eDAeFBc4fD23bA73294241490620` Amount: 50,000 Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` Network: Arbitrum Asset: aArbGHO `0xeBe517846d0F36eCEd99C735cbF6131e1fEB775D` Amount: 55,000 Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` **Cancel/Remove the following Allowance:** Network: Plasma Asset: aPlaUSDT0 `0x5d72a9d9a9510cd8cbdba12ac62593a58930a948` Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` Network: Arbitrum Asset: aArbweETH `0x8437d7C167dFB82ED4Cb79CD44B7a32A1dd95c77` Spender: AFC `0x22740deBa78d5a0c24C58C740e3715ec29de1bFa` Network: Sonic Asset: aSonwS `0x6c5e14a212c1c3e4baf6f871ac9b1a969918c131` Spender: ACI Incentives `0x565b80842ecedad88a2564ea375ce875ed3badec` Network: Ethereum Asset: aEthUSDC `0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c` Spender: Merit `0xdeadD8aB03075b7FBA81864202a2f59EE25B312b` Network: Gnosis Asset: aGnoEURe `0xEdBC7449a9b594CA4E053D9737EC5Dc4CbCcBfb2` Spender: ACI MASiv SAFE `0xdef1FA4CEfe67365ba046a7C630D6B885298E210` ### Reimbursements Reimburse 50,000 aEthLidoGHO to TokenLogic for GHO ↔ sGHO two-way swap layer audit expenses incurred. Asset: aEthLidoGHO `0x18eFE565A5373f430e2F809b97De30335B3ad96A` Amount: 50,000 Spender: TokenLogic `0xAA088dfF3dcF619664094945028d44E779F19894` ### Disclosure TokenLogic is an active service provider to the Aave DAO, the beneficiary of [stream 100086](https://governance.aave.com/t/arfc-tokenlogic-phase-ii-extension/24846) 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. TokenLogic supports and maintains an independent delegate voting platform 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. ---
**Author:** ![system](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/e/e11637c36f45ffa158f2146f5c19438d46e0824d.svg) [@system](https://governance.aave.com/u/system)\ **Post date:** [August 5, 2026, 5:47am UTC](https://governance.aave.com/t/direct-to-aip-july-2026-funding-update/25277/2 "2026-08-05T05:47:42Z")
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