title: [Direct-to-AIP] Safety Module August 2026 - Allowance Update
author: @TokenLogic
created: 2026-08-28
Simple Summary
Top up the AAVE allowance funding stkAAVE rewards such that it covers everything stakers have already earned plus 90 days of future emissions at the unchanged rate of 150 AAVE per day, and resize the allowances of the three sunset Safety Module tokens (stkABPT v1, stkGHO, stkAAVEwstETHBPTv2) so that each one matches its residual claimable rewards. No emission rate, cooldown or slashing parameter is modified.
Motivation
Every Safety Module stake token pays its AAVE rewards out of the Ecosystem Reserve through an ERC20 allowance. Rewards accrue to stakers continuously, but the allowance is only consumed when a staker claims. Once the allowance is exhausted, every claim reverts until governance tops it up.
Current state
All figures are direct chain reads at block 25,843,055 (2026-08-27 00:45 UTC). “Claimable now” is the sum of getTotalRewardsBalance() across every address that has ever held each stake token, cross-checked against lifetime emissions minus lifetime claims (within 1.5%).
stkAAVE
The stkAAVE allowance covers 8.4% of what stakers have already earned. The three largest unclaimed positions alone total 4,707.98 AAVE, more than the entire allowance, so a handful of claims could exhaust it. This proposal closes the backlog once and moves allowance management to a cleaner cadence: keep 90 days of emissions funded ahead of the backlog and refresh every quarter based on the emission rate then in force.
Sunset modules
- stkABPT v1 is already under-funded by 274.75 AAVE. It emits nothing, so a one-time top-up to 1,250 AAVE closes it permanently.
- stkGHO is within 0.16 AAVE of its residual. A small buffer removes the rounding risk on the last claims.
- stkAAVEwstETHBPTv2 holds 7.4 times what it can ever owe. Reducing it to 2,500 AAVE releases roughly 14,400 AAVE (about USD 1.83M at 127 USD per AAVE) of standing approval without affecting a single claimant.
Specification
A single payload on Ethereum calls AaveEcosystemReserveController.approve(ECOSYSTEM_RESERVE, AAVE, module, amount) for each of the four modules, resetting the allowance to 0 before setting the new value (same pattern as AIP 439).
stkAAVE sizing
The new stkAAVE allowance is computed at execution time from three parts:
- Backlog gap, 50,500 AAVE (constant). At the snapshot, 55,042.63 AAVE was claimable against a 4,634.78 AAVE allowance, a gap of 50,407.85 AAVE, rounded up to 50,500. Any claim between the snapshot and execution reduces the backlog and the live allowance by the same amount, so adding this constant to the allowance read at execution remains exact.
- Accrual since the snapshot, read on-chain: emissionPerSecond x (block.timestamp - 1,787,791,523), where 1,787,791,523 is the snapshot timestamp (2026-08-27 00:45:23 UTC). At the current rate, this is 150 AAVE per day elapsed.
- 90 days of forward emissions, read on-chain: emissionPerSecond x 90 days, equal to 13,500 AAVE at the current rate.
Sunset module sizing
Absolute values are used because emissions are 0 on all three, so the residual liability can only fall. Each value sits slightly above the residual to absorb index rounding on the final claims.
Net change in standing approval: about +52,000 AAVE (+66,100 stkAAVE, +326 stkABPT v1, +9 stkGHO, -14,378 stkAAVEwstETHBPTv2).
Ongoing maintenance
Going forward, TokenLogic will review Safety Module allowance coverage every quarter and, while stkAAVE keeps emitting, submit a direct AIP sizing the allowance to the measured claimable backlog plus 90 days of emissions at the rate then in force. If the allowance ever falls below the backlog plus 30 days of emissions between reviews, submit an off-cycle top-up. The same coverage view will be surfaced on the AAVE runway dashboard.
Disclaimer
TokenLogic is an active service provider to the Aave DAO, the beneficiary of stream 100086 and the KPI as outlined in this publication. 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.
Copyright
Copyright and related rights waived via CC0.