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executedEnded 3 years ago ·  Onchain

Chaos Labs - Payment Collection Request

By 0x329c...543eD4

title: Chaos Labs - Payment Collection Request discussions: https://governance.aave.com/t/arfc-chaos-labs-payment-collection-request/13792 author: ChaosLabs (yonikesel, ori-chaoslabs)

Summary

Chaos Labs requests the collection of a $350,000 delivery-based payment, as approved by the DAO in our service provider proposal.

Motivation

The payment structure for Chaos’ initial engagement with Aave, starting in November 2022, amounts to a total of $850,000, divided into:

  • $500,000 base fee, paid in USDC and streamed linearly over the course of the contract
  • $350,000, to be paid in AAVE tokens and contingent on the delivery of Chaos’ products:
    • $175,000 paid in AAVE tokens payable upon delivery of the Aave Parameter Recommendations Tools (7-day TWAP)
    • $175,000 paid in AAVE tokens payable upon delivery of the Aave Asset Listing Portal (7-day TWAP)

Upon completion and delivery of these deliverables, and in consideration of our ongoing work and services rendered to the DAO, we kindly request the delivery of the delivery-based payment.

Resources:

  • Chaos Labs Parameter Recommendation Platform
  • [Blog] Chaos Labs Launches Aave Parameter Recommendation Platform
  • Chaos Labs Asset Listing Portal
  • [Blog] Chaos Labs Launches Aave Asset Listing Portal
  • Platform

Specification

A one-time transfer amounting to 6,541 $AAVE ($350,000 using 7-day TWAP, $53.50, calculated on 06.23.2023) will be made to a Chaos Labs-controlled account (0xbC540e0729B732fb14afA240aA5A047aE9ba7dF0) as the recipient.

In terms of technical implementation, the AIP will call the transfer() method of the IAaveEcosystemReserveController interface to create a payment of 6,541 $AAVE.

Implementation

A list of relevant links like for this proposal:

  • Test Cases
  • Payload Implementation

The proposal Payload was reviewed by Bored Ghost Developing.

Copyright

Copyright and related rights waived via CC0.

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Connect Wallet to Add Note
0
Votes 17
VoterCast PowerVote & Rationale
0x329c...543eD4
232,890

YAE

FranklinDAO (Prev. Penn Blockchain)
108,948

YAE

0xB83b...Fbcf5C
81,413

YAE

Wintermute Governance
41,672

YAE

0xE459...73E666
40,000

YAE

SHOW MORE
VOTE POWER
0
Connect Wallet
Proposal Status
  • Wed June 28 2023, 02:58 pmPublished Onchain 0x329c...543eD4
  • Thu June 29 2023, 03:10 pmVoting Period Starts
  • Sun July 02 2023, 07:52 amEnd Voting Period
  • Sun July 02 2023, 07:55 amQueue Proposal
  • Mon July 03 2023, 06:44 pmExecute Proposal
Current Results

1-YAE

508,771.72

2-NAY

N/A Tokens

0%
Quorum 508,771.72/320,000
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