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closedEnded 4 years ago · Snapshot (Offchain)

[ARC] Whitelist Balancer’s Liquidity Mining Claim

By 0xc290...717E68

Title: [ARC] Whitelist Balancer’s Liquidity Mining Claim Status: Proposed Author: @Llamaxyz @MatthewGraham Created: 09-09-2022


Simple Summary

This proposal enables Balancer DAO to retrieve the stkAAVE Liquidity Mining incentives distributed to Linear Pools in the Balancer Boosted Aave Pool.

Abstract

Balancer DAO seeks to retrieve around 1,500 stkAAVE from several Linear Pools. Balancer DAO accrued this stkAAVE after it deposited liquidity into Aave while Liquidity Mining incentives were being distributed, [1,2].

The Linear Pool’s contract addresses are not capable of recovering or managing the receipt of stkAAVE tokens. As a result, governance intervention is required to change the contract address which can call and receive the stkAAVE.

The proposal is to implement the changes required to enable Balancer DAO to retrieve the stkaAAVE from the Linear Pools within the Balancer Boosted Aave Pool.

Motivation

Three Linear Pools within the Balancer Boosted Aave Pool have accrued around 1,500 stkAAVE from Liquidity Mining rewards, [3].

The Linear Pools are unable to call getUnclaimedRewards with 0xba12222222228d8ba445958a75a0704d566bf2c8 from the below contracts:

  • 0x02d60b84491589974263d922d9cc7a3152618ef6
  • 0xd093fa4fb80d09bb30817fdcd442d4d02ed3e5de
  • 0xf8fd466f12e236f4c96f7cce6c79eadb819abf58

The Linear Pool holds the aTokens and receives the stkAAVE liquidity mining rewards but can not call the claimRewards function or manage any stkAAVE if it was received.

Aave enables other addresses to claim on behalf of smart contracts using the claimOnBehalfOf function. In order to do this, a specified address must be declared the valid owner of the contract.

Specification

Set Balancer contract 0x10a19e7ee7d7f8a52822f6817de8ea18204f2e4f as the claimer in the incentives controller contract, [4].

Implementation

Call setClaimer() for Balancer contracts on INCENTIVES_CONTROLLER_PROXY_ADDRESS

Balancer DAI-aDAI Linear Pool

https://etherscan.io/address/0x02d60b84491589974263d922d9cc7a3152618ef6#readProxyContract`

Balancer USDC-aUSDC Linear Pool

https://etherscan.io/address/0xd093fa4fb80d09bb30817fdcd442d4d02ed3e5de#readProxyContract`

Balancer USDT-aUSDT Linear Pool

https://etherscan.io/address/0xf8fd466f12e236f4c96f7cce6c79eadb819abf58#readProxyContract

Incentives Controller Proxy:

https://etherscan.io/address/0xd784927Ff2f95ba542BfC824c8a8a98F3495f6b5#readProxyContract`

References

[1] https://docs.balancer.fi/products/balancer-pools/boosted-pools#linear-pools [2] https://governance.aave.com/t/arc-continue-liquidity-mining-program-on-aave-v2-ethereum-market-and-introduce-liquidity-mining-on-aave-arc-market/7189 [3] https://app.balancer.fi/#/pool/0x7b50775383d3d6f0215a8f290f2c9e2eebbeceb20000000000000000000000fe [4] https://etherscan.io/address/0x10a19e7ee7d7f8a52822f6817de8ea18204f2e4f

Copyright

Copyright and related rights waived via CC0.

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0xc17c...C264E1
166,667

YAE

0x55B1...09f262
66,975

YAE

0x329c...543eD4
25,295

YAE

FranklinDAO (Prev. Penn Blockchain)
10,047

YAE

0x29c7...851Ba6
979

YAE

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Proposal Status
  • Sun September 18 2022, 11:01 pmVoting Period Starts
  • Fri September 23 2022, 10:59 pmEnd Voting Period
Current Results

1-YAE

273,474.7

99.99%

2-NAE

29.247

0.01%
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