Orbit Program Renewal














Orbit Program Renewal







Author

Aave-Chan Initiative

Creator

0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922

Simple Summary

Proposing the renewal of the Orbit program for recognized delegates, compensating them with GHO, associated with their governance activity during Q1 2025 ( From 2024-12-14, last date, until 2025-03-31).

Motivation

Orbit recognizes the added value of the Delegates in the decentralization & diversity of the Aave DAO. This compensation allows them to focus on Aave and keep their contribution efforts to our governance. The ACI proposes the extension of Orbit for a new quarter, Q1 2025, from 2024-12-14 to 2025-03-31.

From now on, all renews will be applied strictly by Quarters, and a new cutoff has been set on AIP 224, to apply again previous rules of a minimum of 20k voting power and 85% vote ratio on all Snapshots and AIP to be considered elegible to Orbit.

Specification

Additional considerations:

As a reminder, Service Providers will not be considered elegible to Orbit Program.

A new vote rate cutoff will apply, starting next Orbit Renewal, where a minimum of 20k voting power and 85% vote ratio on all Snapshots and AIP will be considered in order to be elegible to Orbit Program, from AIP 224.

Funds are distributed based on 90 days, as seen on budget.

References

Copyright

Copyright and related rights waived via CC0.

by BGD Labs