[BIP-52] Allocate BAL Liquidity to Aave
Motivation
Similar to BIP-3 that is allocating liquidity to Multichain, I think it would be good treasury management to add more liquidity to Aave markets on Ethereum & Polygon.
This liquidity would have an added bonus of earning Aave which could help in diversifying treasury on the long run with very few downside considering the longevity of the deployments of the smart contracts.
Treasury is currently sitting at around 5.4m BAL idle, I think a range to decide here is what make the most sense specific amount would then be supplied to both markets on Ethereum & Polygon.
eg: 75k option win a total of 150k BAL would be deployed on Aave.
Risk
- Smart contract Risk
Reports from DeFi Safety : https://www.defisafety.com/app/pqrs/18
Specification
If approved, x*2 amount of BAL would be sent from the DAO multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f to the LM Multisig 0xc38c5f97B34E175FFd35407fc91a937300E33860 and deposited 50-50 on each Aave market.
For example, if the 100k BAL option wins then 200k BAL will be sent from the DAO Multisig to the LM Multisig and 100k BAL will be deposited on each network (Ethereum and Polygon)
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x512f...C0f5F3 | 252,328 | Allocate 100k BAL |
 0xB1f8...df931d | 78,749 | No, this is not the way |
 StableNode | 76,176 | Allocate 100k BAL |
 0x20EA...1576A4 | 53,674 | Allocate 100k BAL |
 0xff02...9E1751 | 36,602 | Allocate 100k BAL |
VOTE POWER
Proposal Status
- Thu August 25 2022, 04:00 pmVoting Period Starts
- Sun August 28 2022, 04:00 pmEnd Voting Period
Current Results
1-Allocate 100k BAL
511,197.904
2-No, this is not the way
80,239.705
3-Allocate 50k BAL
6,417.517