# \[TEMP CHECK\] Treasury Management - Avalanche v2 to v3 Migration

**URL:** <https://governance.aave.com/t/temp-check-treasury-management-avalanche-v2-to-v3-migration/14218>\
**Category:** Governance\
**Created:** [August 1, 2023, 7:26pm UTC](https://governance.aave.com/t/temp-check-treasury-management-avalanche-v2-to-v3-migration/14218 "2023-08-01T19:26:45Z")\
**Posts on this page:** 1\
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**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:** [August 1, 2023, 7:26pm UTC](https://governance.aave.com/t/temp-check-treasury-management-avalanche-v2-to-v3-migration/14218/1 "2023-08-01T19:26:45Z")

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Title: [TEMP CHECK] Treasury Management - Avalanche v2 to v3 Migration  
Author: @TokenLogic  
Created: 2023-08-01

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# Summary

This publication proposes redeeming all Aave DAO funds on Aave v2 Avalanche and depositing the underlying assets into Aave v3 Avalanche.

# Motivation

Aave DAO currently holds around $4.58M on Avalanche v2. The publication supports redeeming the assets shown below from v2 Avalanche and deposit them in v3 Avalanche.

![](https://hackmd.io/_uploads/S1JfO0Uo3.png)

The deposit rates on v3 are great than v2 and there is also wAVAX incentives being distributed across v3.

Upon assessing the utilisation of each applicable reserve on v3, there is sufficient Supply Cap capacity to support the migration of funds. Do note, the borrow rate on v2 will increase in response to migrating funds from v2.

Transferring the DAOs funds from v2 to v3 can be performed via the migration tool developed by @bgdlabs. There are also smaller holdings, example: wAVAX, that can be deposited to earn yield. This proposal will result in ~8.3% of the TVL on v2 being migrated to v3.

For reference, the Aave Avalanche v2 Treasury: [`0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0`](https://snowtrace.io/address/0x5ba7fd868c40c16f7aDfAe6CF87121E13FC2F7a0)

# Specification

Perform the following:

- Transfer funds from v2 to v3 via migration tool
- Deposit passively held assets into v3

# Disclaimer

TokenLogic receives no payment from Aave DAO or any external source for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.

# Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

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_[View the full topic](https://governance.aave.com/t/temp-check-treasury-management-avalanche-v2-to-v3-migration/14218)._