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Title: [ARC] SD Emission_Admin for Polygon v3 Liquidity Pool Staus: Proposal Author: @llamaxyz @MatthewGraham Dated: 2022-11-14

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Simple Summary

@llamaxyz proposed assigning the SD Emission_Admin role on the Aave v3 Polygon Liquidity Pool to a Gnosis Safe controlled by the Stader Labs.

Abstract

The Stader Labs team intends to distribute SD incentives to the MaticX Reserve on Polygon Aave v3.

In order to achieve this, the EmissionManager contract needs to assign an owner to the Emission_Admin permission allowing SD rewards to be distributed, [1,2]. This can only be achieved via the governance process.

This proposal assigns the Emission_Admin permission to SD rewards to the following address matic:0x51358004cFe135E64453d7F6a0dC433CAba09A2a.

Motivation

The motivation of the proposal is to enable SD rewards to be distributed on the Polygon v3 Liquidity Pool.

Please do note a similar request was submitted enabling the distribution of LDO and stMATIC rewards by Lido and the Polygon Foundation respectively across the Polygon Aave v3 liquidity pool, [3,4].

Specification

The Stader Labs team will determine the emission rate and duration SD rewards are offered. This will likely be influenced by the Aave DAO’s ability to adjust the wMATIC and MaticX risk parameters that enable users to generate a return from leverage the MaticX / wMATIC loop.

The Emission_Admin is not limited to a specified Reserve and is linked to the token being distributed across the Liquidity Pool. The EmissionManager role grants the SD Emission_Admin role to a specified wallet address. The Emission_Admin can distribute SD rewards across the Aave v3 Polygon Liquidity Pool.

Implementation

Set Emission_Admin permission for SD (matic:0x1d734A02eF1e1f5886e66b0673b71Af5B53ffA94) on the Polygon v3 Liquidity Pool to Stader Lab’s address: matic:0x51358004cFe135E64453d7F6a0dC433CAba09A2a, [5,6].

References

[1] https://docs.aave.com/developers/guides/governance-guide/rewards#create-proposal [2] https://github.com/aave/aave-v3-periphery/blob/master/contracts/rewards/interfaces/IEmissionManager.sol [3] https://governance.aave.com/t/arc-ldo-emission-admin-for-polygon-v3-liquidity-pool/10575/6 [4] https://governance.aave.com/t/arc-stmatic-emission-admin-for-polygon-v3-liquidity-pool/10632 [5] https://polygonscan.com/token/0x1d734a02ef1e1f5886e66b0673b71af5b53ffa94 [6] https://gnosis-safe.io/app/matic:0x51358004cFe135E64453d7F6a0dC433CAba09A2a/home [7] https://creativecommons.org/publicdomain/zero/1.0/

Copyright

Copyright and related rights waived via CC0, [7].