executedEnds a year ago · Onchain
Aave Alignment with $INST Sale
By 0x5C43...D78BaDContinue Reading
Summary
This proposal seeks approval to allocate $4M worth of $INST tokens (~1.145M $INST, assuming a $350M fully diluted valuation) to the Aave DAO. This initiative aims to strengthen the strategic relationship between two leading DeFi protocols—Fluid and Aave—enhancing alignment and collaboration.
Code Changes
Approve Aave Executor with $INST Token Allowance
- Governance will give allowance of 1.145M $INST tokens to the Aave Executor contract (0x5300A1a15135EA4dc7aD5a167152C01EFc9b192A) from Treasury.
Description
This proposal outlines the allocation of 1.145M $INST tokens to the Aave DAO, equating to $4M in token value at $350M FDV. The tokens will be utilized to:
- Support GHO Liquidity on Fluid
- Participate Actively in Fluid Governance
Conclusion
The sale of 1.145M $INST tokens at a $350M FDV to the Aave DAO establishes a significant strategic partnership between two DeFi protocols.
Forum link: Aave Alignment with INST Sale
Connect Wallet to Add Note
0Votes 11
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa761...834324 | 1.51M | FOR |
 0xAa72...c44931 | 1.191M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0x4604...6A7329 | 500,000 | FOR |
 0x0870...CF830E | 266,722 | FOR |
VOTE POWER
0
Connect Wallet
Proposal Status
- Fri November 29 2024, 08:02 pmVoting Period Starts
- Sun December 01 2024, 08:19 pmEnd Voting Period
- Mon December 02 2024, 03:43 pmQueue Proposal
- Tue December 03 2024, 05:10 pmExecute Proposal
Current Results
1-FOR
4.701M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens
Quorum 4.701M/4M