Simple Summary
This publication proposes the creation and funding of the GHO Liquidity Committee (GLC) for an initial 3-month period.
Motivation
GHO is currently trading below its peg, with liquidity spread across various pools. To address this, the GLC will receive a budget of 5 ETH and 406,000 units of GHO with the primary objectives of:
- Improving the GHO peg
- Growing GHO liquidity
The GLC's responsibilities include distributing rewards across liquidity pools and strategies that support GHO. The GLC is initially established for a 3-month period.
Specification
This proposal encompasses the following actions:
- Initiate the swap 406,000 aEthDAI to GHO via the Aave Swap Contract
- Transfer 5 ETH
- Approve 406,000 units of GHO to the GLC SAFE address
GLC SAFE Address: 0x205e795336610f5131Be52F09218AF19f0f3eC60
References
Disclaimer
TokenLogic receives no compensation beyond Aave protocol for the creation of this proposal. TokenLogic is a delegate within the Aave ecosystem.
Copyright
Copyright and related rights waived via CC0.
