DeFi

Aave Voted To Distribute The 300,000 OP Received By Aave Grants DAO

Key Points:

The Aave community is holding a preliminary vote on how to distribute the 300,000 OPs received by Aave Grants DAO.
It made a proposal last year and received 300,000 OP tokens as part of Phase 0 of the incentive fund OP Stimpack, according to the proposal.
100,000 OP will be granted and allocated to Optimism-focused events and bounties for the current AGD quarter, with the remaining 200,000 OP held in the AGD multisig wallet for future AGD quarter awards or distributions.

On May 4, the Aave community is conducting a temperature check vote on the proposal of “Allocation of 300k OP Received by Aave Grants DAO (AGD).”

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.

DappLooker, Block Analitica, and Projection Finance
Mean Finance, Layer3, and DeFunds integrations
Pegasus Financial, Lyra Finance, and Cetra Finance are examples of native apps.

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

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.