GHO Funding

Simple Summary

This publication aims to acquire GHO from secondary markets to support the Aave DAO's short-term funding requirements.

Motivation

The primary objective of this publication is to shift Aave DAO's expenditure towards being nominated in GHO. The following outlines some potential use cases for GHO:

• 328,000 GHO allowance over 6 months Aave Grants Continuation Proposal
• 550,000 GHO over 3 monthsAave Events & Sponsorship
• 75,000 GHO over 3 months Expansion of “Orbit”
• 406,000 GHO over 3 months GHO Liquidity Committee
• TBA Future ACI Funding Request (Renewal mid-October)

Totaling 1,359,000 GHO plus future ACI budget.

This proposal is expected to acquire approximately $1.6M from secondary markets based on current holdings in the Ethereum Treasury.

Specification

Using the Aave Swap Contract, convert the following asset holdings to GHO:

• aDAI v2
• TUSD
• BUSD
• 370,000 aEthDAI v3
• 370,000 aUSDT v2

The GHO will be transferred to the Aave Ethereum Treasury.

References

• Implementation: Ethereum
• Tests: Ethereum
• Snapshot
• Discussion

Disclosure

TokenLogic receives no payment from Aave DAO or any external source for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.

Copyright

Copyright and related rights waived via CC0.