Set ACI as Emission Manager on the Avalanche network
Set ACI as Emission Manager on the Avalanche network
Author
ACI
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
Following coordination with the Avalanche Foundation, the ACI is requesting governance approval to appoint the ACI multisig to operate an LM program on the Avalanche network on their behalf.
Motivation
Liquidity mining programs are essential for attracting liquidity providers by offering rewards for their participation. Effective management of these programs is crucial for the sustained growth of the Aave Ecosystem. Therefore, ACI, with its extensive experience and strategic partnerships, is well-positioned to manage these emissions effectively.
A recent example is the Long Term Incentive Program (LTIPP) from Arbitrum DAO, where Aave DAO will receive 750,000 ARB tokens, illustrating the benefits of coordinated emission management.
Specification
The ACI multisig address will be set as the emission manager via the setEmissionAdmin()
method in the relevant emission manager contracts.
ACI multisig address: 0xac140648435d03f784879cd789130F22Ef588Fcd
This method will appoint the Aave Chan Initiative (ACI) wallet as the emissions admin for the wAVAX, ggAVAX & sAVAX assets on the Avalanche network
References
- Implementation: AaveV3Avalanche
- Tests: AaveV3Avalanche
- Discussion
Copyright
Copyright and related rights waived via CC0.