Aave

Title: [ARFC] Quarterly Gas Rebate Distribution - August 2023 Author: Marc Zeller (@marczeller) - Aave Chan Initiative (ACI) Date: 2023-09-04

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Summary:

This ARFC proposes the quarterly gas rebate distribution for recognized delegates. The distribution aims to reimburse the gas costs incurred by delegates during their participation in Aave governance.

Motivation:

Recognized delegates play a crucial role in Aave governance by actively participating in proposal discussions, voting, and other governance activities. These activities often involve gas costs, especially when interacting with the Ethereum network. The Aave community established a quarterly gas rebate distribution to incentivize and support their continued participation.

Specification:

The following table provides a breakdown of the total gas used by each recognized delegate and the corresponding ETH amount to be distributed:

Name	Total Gas Spent
ACI	1.35
HKTrust	0.07
TokenLogic	0.50
michigan	0.11
LBS Blockchain	0.18
Wintermute	0.15
keyrock	0.14
Stablelab	0.20
Total ETH	2.7 ETH

Notes:

1. @Alice forked and edited the flipside script to improve it & increase accuracy to track voting participation. here’s the new script : https://dune.com/queries/2970451
2. The voting requirement was lowered to 70% from 80% to include Michigan & HKUST. Ideally, all recognized delegates would maintain an 80% participation rate. However, considering the summer break and the involvement of student delegates, a more lenient approach was adopted this quarter.
3. The script was updated to track better gas spent by Gnosis Safes, benefiting both TokenLogic & HKUST. This improvement was a joint effort by @JosepBove & @MarcZeller. the output of the script can be seen here just like last quarter, amounts have been rounded strictly up to the second decimal place for more straightforward AIP implementation.
4. Some delegates, including ACI & Tokenlogic, are transitioning from old addresses to new ones. This transition was considered when determining eligibility for the rebate.
5. Proposal creation & execution expenses were covered. Service providers interested in having their costs covered can discuss this in this thread. Payload deployments are not covered this quarter due to technical reasons.
6. Instead of wETH, it is proposed to distribute ETH directly this quarter for ease of use for all delegates.

Disclaimer:

This proposal is powered by Skyward. The Aave Chan Initiative is not affiliated with or paid by any third parties to publish this ARFC.

Next Steps:

1. If ARFC snapshot outcome is YAE, escalate to AIP stage.

Copyright:

Copyright and related rights waived via CC0.