On Monday 26th, Aave V2 will start its liquidity mining program redistributing 2200 stkAAVE/day to lenders and borrowers.
The markets that Idle currently support, that will be incentivized are: DAI, USDC, USDT, WBTC, ETH.
The distribution has a target end date of 7/15/21 with the option for the Aave community to extend the program. (stkAAVE are AAVE staked in their safety module. They earn interest automatically and can be redeemed for AAVE after a 10 days unlock period)
Technically speaking, in order to support the distribution of stkAAVE we would need to do 2 things:
- add their new
claimRewardsmethod in our
- update the
govTokenslist with the new stkAAVE address
Both of the above points would need 1 proposal’s action for each token, so a total of 10 actions (hard cap is 10 for a single proposal). We can potentially also disable Aave v1 for these tokens in the same action which set the
govTokens list (this would save some gas costs for all users on mint / redeems).
I think we should support it for sure and redistribute rewards to the users like we do with COMP.
What’s your opinion on this?