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TokenLogic has proposed an upgrade to the Aave Swap Contract to include Limit Orders and TWAP functionality, using Composable COW, and a CLI using Tenderly for market condition verification. The proposal, requiring $12,672.00 USD funding in GHO and a 5-week delivery schedule, is subject to a DAO vote, adding versatility to the contract but also introducing potential contention and uncertainty.
This discussion revolves around a proposal by TokenLogic to upgrade the Aave Swap Contract to include Limit Orders and TWAP (Time-Weighted Average Price) swap functionality1. The proposal aims to fill a functionality gap in the Aave Swap contract, as the DAO (Decentralized Autonomous Organization) has committed to using the Cowswap TWAP functionality to acquire AURA1. The proposed TWAP feature will use the new Composable COW (Composable Conditional Orders)1.
Additionally, the proposal includes the creation of a command-line interface (CLI) using Tenderly, a tool to verify if the swaps can be executed at prevailing market conditions1. The project, with a delivery schedule of 5 weeks, seeks funding of $12,672.00 USD, to be paid in GHO1.
The Aave DAO has been asked to vote on the proposal with three options: YAE (Yes), NAE (No), or ABSTAIN1. The next steps are dependent on the outcome of this vote. If consensus on the ARFC stage is reached, the process will escalate to the ARFC snapshot stage. If the ARFC snapshot stage outcome is YAE, TokenLogic will begin building the contracts1.
The proposal, if accepted, will enhance the functionality of the Aave Swap Contract, making it more versatile and user-friendly. The addition of a command-line interface (CLI) using Tenderly will support developers in verifying if the swaps can be executed at prevailing market conditions1.
The proposal requires funding of $12,672.00 USD, to be paid in GHO, which might be a point of contention among some community members1. The project's success is also dependent on the outcome of the DAO vote, which adds an element of uncertainty1.
Posted a month ago
Last reply a month ago
Summary updated a month ago
Last updated 05/12 01:13