Aave

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title: Swap assets to aUSDC author: Llama discussions: https://governance.aave.com/t/arfc-deploy-ethereum-collector-contract/12205

Simple Summary

The purpose of this proposal is to hold increase USDC on v2 mainnet and begin deploying a portion of the funds held in the Ethereum Collector Contract to earn yield. This is a follow-up proposal to AIP 282, which passed.

Motivation

This publication presents a proposal for Aave to deploy its Ethereum Collector Contract holdings to earn yield.

Specification

Withdraw the following aTokens:

MKR GUSD FRAX sUSD UST LUSD YFI UNI TUSD RWA USDC

Once withdrawn, swap the listed assets above plus:

USDT DAI

Swap for USDC via COW Swap.

Once USDC is acquired, deposit into Aave V2 for aUSDC.

References

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

Copyright

Copyright and related rights waived via CC0.