Key Points:
According to the proposal, the Aave community created a proposal last year and managed to receive 300,000 OP tokens as part of Phase 0 of the incentive fund OP Stimpack. These tokens will be used to fund projects to help Aave grow on Optimism. This proposal aims to clarify how received OPs should be distributed and gain community support.
With funds from Aave DAO, AGD has funded a number of projects based on Optimism.
The purpose of this proposal is to explain and get community approval for how the OP received should be divided.
The proposal proposes to allocate up to 100,000 OP for grants and Optimism-focused events and bounties for the current AGD quarter and to keep the remaining 200,000 OP in the AGD multisig wallet for future AGD quarters grant or distribution.
It offers a split of funds similar to what was indicated in the initial post on the Optimism forum for the 100,000 OP to distribute under the current AGD engagement: two-thirds to grants and one-third to events.
If the proposal is approved by this vote, AGD will allocate funds in the above-mentioned manner. No AIP or further governance action is required.
Previously, the community voted to abandon Aave V2 as part of the process of pooling liquid assets onto a single protocol.
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Harold
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