Executed

TIP-121c: veBAL OTC with Aave Companies


Proposal ID

627007...4639

Proposed

Oct 5th, 2022

Result details
Final Votes

Quorum

30.27M of 0

Majority support

Yes

For

30.27M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x8d5E...d7b9

grantRole(..)

Custom

Account

0x8d5E...d7b9

Method

grantRole(..)

Custom

0x8d5E...d7b9

grantRole(..)

Custom

Account

0x8d5E...d7b9

Method

grantRole(..)

Custom

0x8d5E...d7b9

grantRole(..)

Custom

Account

0x8d5E...d7b9

Method

grantRole(..)

Custom

0x8d5E...d7b9

grantRole(..)

Custom

Account

0x8d5E...d7b9

Method

grantRole(..)

Proposal

TIP-121c: veBAL OTC with Aave Companies

This proposal sets up the protocol to transfer 112k veBAL to Aave Companies for OTC trade.

Aave Companies will send 1,000,000 DAI to be escrowed on a 2/3 multisig with Aave Companies, Balancer DAO, and Tribe DAO (with eswak.eth as the designated representative).

In addition, the proposal moves 1M DAI from the FEI PSM to the escrow multisig to be sent to the TRIBE Redeemer.

After the Aave Companies team confirms they can properly use the veBAL-holding smart contracts, the 2/3 multisig will transfer 1M DAI to the TRIBE Redeemer, giving TRIBE holders access to the optimal amount of excess PCV for redemptions.

After the DAO Vote to disable governance, the final 1M DAI from Aave Companies would be sent back to the FEI PSM from the ⅔ Multisig.

Lastly, the proposal further cleans up unused roles in the system and performs maintenance on the collateralization oracle so that it is in the most up to date state.

Final Votes

Quorum

30.27M of 0

Majority support

Yes

For

30.27M

Against

0

Abstain

0

Final Votes
Status

Wed Oct 5, 06:33 pm

Published onchain

Sat Oct 15, 12:14 pm

Voting period started

Mon Oct 17, 07:34 am

Voting period ended

Fri Oct 7, 02:21 pm

Proposal queued

Sat Oct 8, 02:38 pm

Proposal executed