Simple Summary

This publication mainly proposes consolidating DAO assets in preparation of foreseeable DAO expenses. It is a continuation of governance proposal 44 which was executed in early March of 2024.

Motivation

This proposal combined with the previously executed one aim to:

• Consolidate the DAOs smaller holdings to GHO
• Swap larger stablecoins holdings for GHO
• Replenish the stablecoins Reserves in Aave v3
• Migrate funds from Aave v2 to v3
• Transfer BAL and CRV to the ALC SAFE

Specification

• Transer all available BAL in the collector to the ALC SAFE
• Transer all available CRV in the collector to the ALC SAFE
• Deposit all existing ETH in the collector into WETH, and deposit into Aave V3 Ethereum
• Deposit all DAI in the collector into Aave V3 Ethereum
• Withdraw 640,000 USDC aToken from Aave V2 Ethereum
• Swap withdrawn 640,000 USDC into GHO
• Swap all available DPI in the collector into GHO (previously a failed swap because of slippage)

References

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

Copyright

Copyright and related rights waived via CC0.