This IIP executes Aave v1 deprecation and transfers 4’105.7 $IDLE to Leagues multisig as reimbursement for B2B affiliation program payout, allowing the committee to finalize past mandate’s operations.
Idle protocol is currently supporting both Aave v1 and v2, but it has not allocated funds on v1 for weeks due to a lack of incentives. This is favorable timing to execute the old version’s dismission because the pool no longer represents an underlying lending source.
This IIP consists of 9 actions, 6 used for Best-Yield pools and 3 for Risk-Adjusted ones, and the 10th slot transfers 4’105.7 $IDLE to Leagues multisig.
As reported in Treasury League – Budget Extension, this amount would refund Leagues for the B2B affiliation program payout, not included in the previous Leagues’ budget but directly executed by the committee for the sake of simplicity. In this way, Leagues can complete the payout for expenses related to the past mandate.
The technical implementation is reported in the on-chain IIP, developed by Dev League.
Treasury League wallet: 0xfb3bd022d5dacf95ee28a6b07825d4ff9c5b3814
This IIP would comply with the stkIDLE Voting Framework (requirements: 30% of circulating stkIDLE voting the poll + at least 70% on the same option).
The poll for stkIDLE holders will be launched together with the on-chain IIP and will last for 2 days. During the 3rd day, the community multisig will broadcast the stakers’ votes if the poll reaches the quorum.
Governance discussed and approved this initiative several times, so the IIP lands directly on-chain.
On-chain vote: LINK
End date: approx Aug 15th
Off-chain stkIDLE holders poll: LINK
End date: Aug 14th, 11am UTC