[Direct-to-AIP] July 2026 - Funding Update

title: [Direct-to-AIP] July 2026 - Funding Update author: @TokenLogic created: 2026-06-01 Summary This publication presents the July Funding Update, consisting of the following key activities: Acquire GHO to support the runway; and Create Allowances to support Operations. Motivation This publication addresses near-term operational requirements, consolidates asset holdings, and refreshes the MainnetSwapSteward’s Allowances to support operations and future growth opportunities. The MainnetSwapSteward and Aave Finance Committee (AFC) will continue executing a rolling GHO acquisition strategy to maintain adequate runway and preserve sufficient budget to fund ongoing growth initiatives. Reimburse Audit Costs Reimburse TokenLogic for costs incurred in facilitating the audit of one Chainlink PR that was modified to accommodate the GHO ↔ sGHO two-way swap layer. The value of the Audit performed by Trail of Bits was 50,000 aEthLidoGHO. Incentive Campaign To support the continued success of the friendly Tydro deployment, a 5M GHO budget has been discussed with the Tydro team. During June, 2.5M of the 5M GHO was acquired and moved to the Ink Network, ready to support the Kraken DeFi Borrow campaign. The balance will be moved in line with operational requirements. Specification Ethereum Runway Deposit idle ETH on the Collector into the Aave v3 Core instance on Arbitrum, Base and Ethereum. Use the MainnetSwapSteward to acquire 8M GHO for deposit into the Prime instance. Refresh mainnetSwapSteward Allowances To support the acquisition of GHO, wETH and AAVE replenish Allowances on the MainnetSwapSteward . Token Budget Acquirable Asset ETH 5k GHO, AAVE USDC 10M GHO, AAVE, wETH USDT 10M GHO, AAVE, wETH USDe 1M GHO, AAVE, wETH USDS 1M GHO, AAVE, wETH DAI 1M GHO, AAVE, wETH rlUSD 1M GHO, AAVE, wETH pyUSD 0.5M GHO, AAVE, wETH Where the path is not configured (i.e., pyUSD → GHO), we’ll add this path as a swappable pair with its respective oracle. Reference: MainnetSwapSteward forum post. Monad Incentives To support the launch of GHO on Monad, this publication grants the AFC permission to use GHO and USDC to provide liquidity on DEXs. For the avoidance of doubt, the AFC may use collateral and debt to fund DEX liquidity. Following through on the Deploy Aave Protocol v3.7 on Monad proposal, create the following Allowance to support the growth and adoption of GHO on the Monad Network. Asset: aEthLidoGHO: 0x18eFE565A5373f430e2F809b97De30335B3ad96A Amount: 0.5M Spender: ALC 0xA1c93D2687f7014Aaf588c764E3Ce80aF016229b Method: approve() aEthLidoGHO on the Aave Collector contract to the Aave Liquidity Committee (ALC) address. Note: The destination address of the Allowance has been changed from the Aave Finance Committee to the Aave Liquidity Committee. GHO:USDC DEX Liquidity To support the launch of GHO on Monad, this publication includes an Allowance to deploy GHO DEX Liquidity on the Monad Network using the Uniswap Protocol. Network: Ethereum Asset: aEthWBTC 0x5Ee5bf7ae06D1Be5997A1A72006FE6C607eC6DE8 Amount: 72 Spender: Ahab 0xAA2461f0f0A3dE5fEAF3273eAe16DEF861cf594e Note: This aEthWBTC and other assets held on the Ahab are to be used as Collateral to facilitate providing liquidity on the Monad Network. Hedging With the treasury holding a large AAVE position and having recently donated to the DeFi United cause, this proposal grants the AFC the ability to participate in the AAVE, ETH and BTC derivative markets to earn yield and/or manage asset exposure throughout the market cycle. Hedging strategies are to be implemented via the CEX Earn Safe, with the administration performed by TokenLogic and Aave Labs. Plasma Add the following Allowances to facilitate the removal of small balances and the conversion of assets to USDT0. Asset: aPlaPT_sUSDE_9APR2026 0x53349cBeD7A3F851f0722Bf3Fa8f1b93fA939BeF Asset: aPlaPT_USDe_15JAN2026 0xEa601A9FECF80bFC529F08A51bD8Cb0d72fc862A Asset: aPlaPT_sUSDE_18JUN2026 0x68ab954Dc705c66506d499963dD1fbB8aFa23d7d Asset: aPlaPT_sUSDE_15JAN2026 0x0b9A412c94f07223752031f75a20DDe542D63d5C Asset: aPlaPT_USDe_9APR2026 0x9326fA5a71C93D5De313c91C3b80D74d0c3a0F5A Asset: aPlaPT_USDe_18JUN2026 0xDEdFF537fCBa1169E673F78EE23D109885741016 Asset: aPlaWETH 0xf1aB7f60128924d69f6d7dE25A20eF70bBd43d07 Asset: aPlaweETH 0xAf1a7a488c8348b41d5860C04162af7d3D38A996 Asset: aPlasUSDe 0xC1A318493fF07a68fE438Cee60a7AD0d0DBa300E Amount: Current Balance +1 Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa Refresh the following Allowances: Network: Plasma Asset: aPlaUSDT0 0x5d72a9d9a9510cd8cbdba12ac62593a58930a948 Amount: 3M Spender: Ahab 0xAA2461f0f0A3dE5fEAF3273eAe16DEF861cf594e Network: Arbitrum Asset: aArbWETH 0xe50fA9b3c56FfB159cB0FCA61F5c9D750e8128c8 Amount: 160 Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa Network: Arbitrum Asset: aArbUSDCn 0x724dc807b04555b71ed48a6896b6F41593b8C637 Amount: 150,000 Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa Network: Arbitrum Asset: aArbUSDT 0x6ab707Aca953eDAeFBc4fD23bA73294241490620 Amount: 50,000 Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa Network: Arbitrum Asset: aArbGHO 0xeBe517846d0F36eCEd99C735cbF6131e1fEB775D Amount: 55,000 Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa Cancel/Remove the following Allowance: Network: Plasma Asset: aPlaUSDT0 0x5d72a9d9a9510cd8cbdba12ac62593a58930a948 Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa Network: Arbitrum Asset: aArbweETH 0x8437d7C167dFB82ED4Cb79CD44B7a32A1dd95c77 Spender: AFC 0x22740deBa78d5a0c24C58C740e3715ec29de1bFa Network: Sonic Asset: aSonwS 0x6c5e14a212c1c3e4baf6f871ac9b1a969918c131 Spender: ACI Incentives 0x565b80842ecedad88a2564ea375ce875ed3badec Network: Ethereum Asset: aEthUSDC 0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c Spender: Merit 0xdeadD8aB03075b7FBA81864202a2f59EE25B312b Network: Gnosis Asset: aGnoEURe 0xEdBC7449a9b594CA4E053D9737EC5Dc4CbCcBfb2 Spender: ACI MASiv SAFE 0xdef1FA4CEfe67365ba046a7C630D6B885298E210 Reimbursements Reimburse 50,000 aEthLidoGHO to TokenLogic for GHO ↔ sGHO two-way swap layer audit expenses incurred. Asset: aEthLidoGHO 0x18eFE565A5373f430e2F809b97De30335B3ad96A Amount: 50,000 Spender: TokenLogic 0xAA088dfF3dcF619664094945028d44E779F19894 Disclosure TokenLogic is an active service provider to the Aave DAO, the beneficiary of stream 100086 and the KPI as outlined in this publication . The scope of this engagement is available via this forum proposal. TokenLogic supports and maintains an independent delegate voting platform within the Aave community. TokenLogic and associated entities have no undisclosed material conflicts of interest at the time of submission. Next Steps Using the Direct-to-AIP process, submit AIP(s) for vote. Copyright Copyright and related rights waived via CC0. 1 post - 1 participant Read full topic