73-renew-aave-grants-dao.md

Proposal 73. Renew Aave Grants DAO

Voting link

https://app.aave.com/governance/proposal/?proposalId=73

Governance forum discussion

https://governance.aave.com/t/aave-grants-dao-update-and-renewal/7842

BGD analysis

Proposal types

💸 funds-release

💳 funds-allowance

Context

This proposal provides funding the the Aave Grants DAO for the following 6 months, in AAVE and aUSDC.

Proposal creation

Transaction: https://etherscan.io/tx/0xf0b43aaf7e663a4310ac6d786ec0c2aba30043f6308fbf62411b3816b4cbbe9f

- id: 73
- creator: 0x5b3bffc0bcf8d4caec873fdcf719f60725767c98
- executor: 0xee56e2b3d491590b5b31738cc34d5232f378a8d5
- targets: [0x8e7df91fed22c192a3aa1bb6143879295ee91295]
- values: [0]
- signatures: [execute()]
- calldatas: [0x]
- withDelegatecalls: [true]
- startBlock: 14750866
- endBlock: 14770066
- strategy: 0xb7e383ef9b1e9189fc0f71fb30af8aa14377429e
- ipfsHash: 0x22f22ad910127d3ca76dc642f94db34397f94ca969485a216b9d82387808cdfa

Technical analysis

From a technical perspective, we have verified that the payload does only 2 things:

1. Transfer of 22341.38 AAVE to a Gnosis Safe, described as the Aave Grants DAO operational multisig.
2. Gives allowance to the aforementioned multisig for an amount of 3'000'000 aUSDC. On both operations, the interactions happen correctly with AaveEcosystemReserveController, passing the address of the AAVE ecosystem reserve for the transfer() of AAVE and the address of the Aave Ethereum ecosystem reserve for the approve() of aUSDC.

BGD validations

✅ The code on the proposal payload corresponds to the proposal specification.

✅ The proposal includes a proper tests suite, checking all necessary post-conditions.

✅ BGD reviewed the payload before the proposal was submitted.

✅ BGD reviewed the procedure followed to submit the proposal.

✅ Only one payload used via delegatecall

Links

• On-chain payload used by the proposal