# Transfer all CRV positions from Ethereum Mainnet Collector to GLC Safe
AI summary
This proposal seeks to move all Aave DAO's holdings of CRV tokens, totaling approximately 6.1 million units, from the Ethereum Mainnet Collector to the GHO Liquidity Committee (GLC) Safe. The GLC will then stake these CRV tokens as sdCRV to generate yield and support the liquidity of GHO, Aave's stablecoin. The sdCRV is expected to generate between 20.35% and 41.85% APR.
If passed, Aave's treasury will no longer directly hold CRV tokens but will instead hold staked sdCRV, aiming to increase revenue for the DAO through staking rewards and enhance GHO's liquidity. The GLC gains control over these significant assets, and the DAO benefits from potential yield generation.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Transfer all CRV positions from Ethereum Mainnet Collector to GLC Safe
title: "Transfer all CRV positions from Ethereum Mainnet Collector to GLC Safe" author: "TokenLogic & karpatkey" discussions: "https://governance.aave.com/t/arfc-deploy-acrv-crv-to-vecrv/11628"
Simple Summary
Transfer all available CRV from Aave Mainnet Treasury to GHO Liquidity Committee (GLC) SAFE where it will be deployed to sdCRV.
Motivation
Upon implementation of this AIP, CRV will be withdrawn from Aave Protocol on Ethereum Mainnet (both V2 and V3) and all newly available CRV transferred to the G…