Simple Summary

This proposal presents April's funding update part B, which is a follow up to the one executed last week, including the following key activities:

• Swap DAI bridged from Polygon on Part A to GHO
• Create allowance for ALC safe of USDC and aEthUSDT
• Deposit underlying balances into Aave V3 Ethereum

Motivation

This is an ongoing effort to manage the DAO's treasury as can be seen in the April Update and GSM funding update.

Specification

• Swap DAI bridged from Polygon on Part A to GHO (~500,000 units)
• Create allowance for ALC safe of USDC for 1,000,000
• Create allowance for ALC safe of aEthUSDT for 1,000,000
• Deposit Collector wETH balance into V3
• Deposit Collector wBTC balance into V3
• Deposit Collector USDC balance (minus ALC approval) into V3

References

• Implementation: AaveV3Ethereum
• Tests: AaveV3Ethereum
• Discussion

Copyright

Copyright and related rights waived via CC0.