← Back to Aave
Aave · closed proposal

# Transfer AURA to GLC Safe

0x57ab…2922·ended 57y ago·LOW RISK
Voters
17
AAVE voted
536973953730373.31B
≈$33480326015088776.00B
Token price
$62.35

AI summary

This proposal seeks to move 443,674 AURA tokens, currently held in the Aave DAO's main treasury (Collector contract), to the GHO Liquidity Committee (GLC) SAFE. The GLC will then lock these AURA tokens to receive approximately 413,849.57 vlAURA tokens, which are a locked version of AURA that grants voting power and boosted rewards. This action aims to consolidate all of Aave DAO's vlAURA holdings under the management of the GLC.

Impact

If this proposal passes, the Aave DAO's AURA tokens will be transferred to the GLC, centralizing the management of these assets. The GLC will benefit from increased control over Aave's vlAURA, which could enhance its ability to manage GHO liquidity. The Aave DAO as a whole benefits from streamlined asset management and potentially more effective use of its governance power within the Aura Finance ecosystem.

Read full proposal on Tally

Voting results

For536973953730373.31B (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
536973953730373.31B AAVE · ≈$33480326015088776.00B · 17 votersblock 2023-12-07T19:24:23Z

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Aave

Transfer AURA to GLC Safe


title: "Transfer AURA to GLC Safe" author: "karpatkey - TokenLogic" discussions: "https://governance.aave.com/t/arfc-treasury-management-transfer-aura-to-glc-safe/15669"

Summary

This AIP will transfer the AURA holdings from the Ethereum Treasury to the GHO Liquidity Committee (GLC) SAFE.

Motivation

The Aave DAO holds 845,090.43 vlAURA on the GLC SAFE and also [443,674 AURA](https://etherscan.io/token/0xC0c293ce456fF0ED870ADd98a0828D…

📚 Similar past proposals

Finding similar proposals…