Simple Summary

Following AIP-331 giving mandate to Centrifuge to create a Association to represent the Aave DAO off-chain, this AIP proposes the activation of the A-C Prime Foundation.

Motivation

The A-C Prime Foundation is a Cayman island foundation company created by Centrifuge on behalf of the Aave DAO. It is the legal entity that will represent the Aave DAO off-chain. It will be the entity that will be able to sign contracts, hold assets, and enter into agreements on behalf of the Aave DAO.

This AIP proposes the activation of the A-C Prime Foundation. and the pre-approval of a investment in the Anemoy Liquid Treasury Fund 1 with an initial investment of the equivalent of $1m in shares.

Specification

This AIP does not require any on-chain changes. It is a proposal to activate the A-C Prime Foundation.

To explicitly convey the Aave DAO approval via its governance, an event is created on-chain casting the following message:

```
'The Aave DAO approves and ratify the following documents :

the articles of Association : https://centrifuge.mypinata.cloud/ipfs/QmSn1Jx4PCPCvJDwx5JHqAcrCYFtCdVGtXc2Dcmk8NFauM

The Memorandum Of association : https://centrifuge.mypinata.cloud/ipfs/QmeNnARf9CqLQ9krQn8b4UCnBaWhUhLryEBqrVqW9cuTjV'

```

References

• Implementation: AaveV3Ethereum
• Tests: AaveV3Ethereum
• Snapshot
• Discussion

Copyright

Copyright and related rights waived via CC0.