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closedEnded 2 years ago ยท Snapshot (Offchain)

[ARFC] Treasury Manage - GHO Liquidity Committee

By 0x2cc1...c54Df1

title: [ARFC] Treasury Manage - GHO Liquidity Committee Author: @TokenLogic Dated: 2023-09-22


Summary

This publication proposes creating and funding the GHO Liquidity Committee for an initial 3 month duration.

Motivation

Following on from a success TEMP CHECK, this publication progresses the creation of the GHO Liquidity Committee to the next step of the Aave governance process.

Details relating to the committee are shown below:

  • Creation of Committee
  • GHO Liquidity Strategy
  • Include Sommelierโ€™s Turbo GHO Vault with further details here

Update Further to the initial proposal GHO Liquidity Strategy, we are revising the Uniswap v3 strategy to include Sommelierโ€™s Turbo GHO Vault which actively manages liquidity in the GHO/USDC pool. This amendment will enable the LMC to allocate incentives to the Turbo GHO Vault without increasing the overall budget. The Sommelier team will be co-incentivising the Turbo GHO Vault.

Specification

A Gnosis SAFE will be created and used to manage the GHO budget. The SAFE Signers are detailed below.

SignerAddress
Matthew Graham (TokenLogic)0xb647055A9915bF9c8021a684E175A353525b9890
Dydymoon (TokenLogic)0xAFe4043c9FFd31753c5bE2B76dfc45AaA70ebD6f
Emilio (Aave Companies)0x9C3E82658d10064121048A21c69978D3400abb25
Marc (Aave Chan Initiative)0x329c54289Ff5D6B7b7daE13592C6B1EDA1543eD4
Figue (Paladin)0x009d13E9bEC94Bf16791098CE4E5C168D27A9f07
Solarcurve (Balancer)0x512fce9B07Ce64590849115EE6B32fd40eC0f5F3
TokenBrice (DeFi Collective)0xAA7A9d80971E58641442774C373C94AaFee87d66

To fund the multisig, the following assets within the Treasury are to be swapped to GHO:

  • 406,000 aEthDAI

5 ETH and 406,000 units GHO are to be transferred from the Treasury to the Liquidity Committee multisig.

Address: eth: 0x205e795336610f5131Be52F09218AF19f0f3eC60

Disclaimer

TokenLogic receives no payment from 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.

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0
Votes 3444
VoterCast PowerVote & Rationale
0x329c...543eD4
107,961

YAE

FranklinDAO (Prev. Penn Blockchain)
107,208

YAE

0x62a4...96816a
81,484

YAE

0x13BD...138548
80,424

YAE

StableLab
46,632

YAE

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Proposal Status
  • Wed September 27 2023, 08:19 pmVoting Period Starts
  • Sat September 30 2023, 08:19 pmEnd Voting Period
Current Results

1-YAE

587,469.798

99.99%

2-ABSTAIN

64.356

0.01%

3-NAY

18.573

0%
Quorum 587,552.727/320,000
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