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Llamaxyz proposed migrating funds from the Polygon Aave v2 Collector Contract to the v3 Treasury, including redeeming v2 aTokens and transferring them to the v3 Treasury for deposit into Aave v3. The proposal also suggests consolidating assets by swapping all JEUR, SUSHI, GHST, and DPI to USDT, with a Snapshot for a similar proposal announced and an update on the Aave v2/v3 Collectors unification proposal provided.
The discussion primarily revolves around Llamaxyz's proposal to consolidate and migrate funds from the Polygon Aave v2 Collector Contract to the v3 Treasury. The plan involves transferring assets from the v2 Collector Contract, which currently holds assets such as amUSDC, amDAI, amUSDT, amWETH, and others, to the v3 Treasury. The v3 Treasury Contract holds assets like aPolWMATIC, aPolUSDC, aPolWETH, and more. The proposal also includes redeeming v2 aTokens and transferring them to the v3 Treasury address, where they can be deposited into Aave v3, which offers enhanced risk management tools and a lower risk environment1.
The proposal also suggests consolidating assets by swapping all JEUR, SUSHI, GHST, and DPI to USDT. This is due to Aave's higher holdings of DAI and USDC on Polygon than USDT, and the need for more USDT when depositing equal amounts of each asset into a 3pool. The process involves redeeming aPolGHST, aPOLjEUR, aPolSUSHI, and aPolDPI, approving GHST, JEUR, SUSHI, and DPI, swapping all GHST, JEUR, SUSHI, and DPI to USDT, and depositing USDT into Aave v3 USDT Reserve1.
Llamaxyz also announced the creation of a Snapshot for a proposal similar to the one discussed, with voting set to start the next day2. Fig expressed interest in understanding the community's preference between USDC, DAI, and USDT3. An update on the Aave v2/v3 Collectors unification proposal was provided by Llamaxyz, mentioning that it's progressing well and will be prepared for submission in the coming weeks. Notable changes include assets previously held in the v2 Collector Contract soon being held in the v3 Treasury address, eliminating the need for transfer between the two addresses. Also, CRV & LINK, once redeemed for CRV, cannot be deposited into v3 and will remain in Aave v24. With the bb-a-USD pool on Polygon now deployed by Balancer, Llama will prepare an ARFC for the next step in deploying Aave’s assets on Polygon.
Posted 9 months ago
Last reply 7 months ago
Summary updated 2 months ago
Last updated 04/12 00:18