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title: “Fund GHO Liquidity Committee” author: “TokenLogic” discussions: “https://governance.aave.com/t/arfc-treasury-manage-gho-liquidity-committee/14914”

Simple Summary

This publication proposes the creation and funding of the GHO Liquidity Committee (GLC) for an initial 3-month period.

Motivation

GHO is currently trading below its peg, with liquidity spread across various pools. To address this, the GLC will receive a budget of 5 ETH and 406,000 units of GHO with the primary objectives of:

• Improving the GHO peg
• Growing GHO liquidity

The GLC’s responsibilities include distributing rewards across liquidity pools and strategies that support GHO. The GLC is initially established for a 3-month period.

Specification

This proposal encompasses the following actions:

• Initiate the swap 406,000 aEthDAI to GHO via the Aave Swap Contract
• Transfer 5 ETH
• Approve 406,000 units of GHO to the GLC SAFE address

GLC SAFE Address: 0x205e795336610f5131Be52F09218AF19f0f3eC60

References

• Implementation: Ethereum
• Tests: Ethereum
• Snapshot
• Discussion

Disclaimer

TokenLogic receives no compensation beyond Aave protocol for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.

Copyright

Copyright and related rights waived via CC0.