AAVE

Proposal overview

Treasury Management - Polygon v2 to v3 Migration

Executed

Executed on 

Oct 07, 2023

Summary

This AIP shall redeem aTokens from Aave v2 Polygon and deposit the underlying assets into Aave v3 Polygon.

Motivation

On Polygon, Aave DAO is currently holding funds on the Aave v2 deployment and also some small unproductive allocations within the Treasury. This AIP will improve DAOs Treasury performance by improving the overall capital efficiency and yield being generated.

As part of broader v2 to v3 migration effort, this AIP shall implement the following:

  • Redeem Assets from Aave v2

  • Deposit Assets from Aave v2 into v3

  • Deposit Assets held in Treasury into Aave v3

For reference, the Aave Polygon Treasury: 0xe8599F3cc5D38a9aD6F3684cd5CEa72f10Dbc383

Specification

Transfer the following assets from Aave v2 to v3. The quantities in this table will change over time between proposal submission & proposal execution, and should not be taken as exact.

NetworkInstanceTokenQuantity
PolygonAave V2AMUSDC3,775,623.68
PolygonAave V2AMDAI3,380,138.80
PolygonAave V2AMUSDT1,379,093.97
PolygonAave V2AMWETH230.91
PolygonAave V2AMWMATIC106,528.66
PolygonAave V2AMBAL1,336.76
PolygonAave V2AMCRV9,404.00
PolygonAave V2AMWBTC0.09
PolygonAave V2AMGHST1,918.59
PolygonAave V2AMLINK33.56

Implementation

A list of relevant links like for this proposal:

The proposal Payload was reviewed by Bored Ghost Developing.

Disclaimer

TokenLogic receives no payment from Aave DAO or any external source for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.

Copyright

Copyright and related rights waived via CC0.

Your voting info

Voting results

YAE

538,017

AAVE

100.00%

NAY

0

AAVE

0%

Votes

State
Executed

Executed on 

Oct 07, 2023
Quorum
Reached
Current votes

Required

538.01K

320.00K

Differential
Reached
Current differential

Required

538.01K

80,000.00

Total voting power

16,000,000

Proposal details

Created

Block

2 Oct 2023, 16:54 UTC +00:00

18264173

Started

Block

3 Oct 2023, 17:04 UTC +00:00

18271373

Ended

Block

6 Oct 2023, 09:04 UTC +00:00

18290573

Executed

7 Oct 2023, 09:29 UTC +00:00

Author

TokenLogic

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