bgd-labs · brotherlymite · Oct 23, 2023 · Oct 21, 2023 · Oct 23, 2023 · Oct 23, 2023
diff --git a/...egyOnBalancer/AaveV3_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.s.sol b/...egyOnBalancer/AaveV3_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.s.sol
@@ -22,7 +22,7 @@ contract DeployEthereum is EthereumScript {
 contract CreateProposal is EthereumScript {
   function run() external broadcast {
     GovHelpers.Payload[] memory payloads = new GovHelpers.Payload[](1);
-    payloads[0] = GovHelpers.buildMainnet(0x8E6701Bfd7FACB64Fb0d6F368BeB5E1C3b13115E);
+    payloads[0] = GovHelpers.buildMainnet(0x20a067bF6956996c7c8b7a98073A9d260dB03b7a);
     GovHelpers.createProposal(
       payloads,
       GovHelpers.ipfsHashFile(

diff --git a/...lancer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.sol b/...lancer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.sol
@@ -29,12 +29,8 @@ contract AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_2
   function execute() external {
     // 1. AURA OTC DEAL
 
-    // pull AURA from AURA_DAO_TREASURY wallet to collector, this will fail if they don't approve Short_executor
-    IERC20(AURA_TOKEN).safeTransferFrom(
-      AURA_DAO_TREASURY,
-      address(AaveV2Ethereum.COLLECTOR),
-      AURA_AMOUNT
-    );
+    // pull AURA from AURA_DAO_TREASURY wallet to GLC, this will fail if they don't approve Short_executor
+    IERC20(AURA_TOKEN).safeTransferFrom(AURA_DAO_TREASURY, GLC, AURA_AMOUNT);
 
     // Transfer V3 aUSDC from COLLECTOR to Short_Executor
 

diff --git a/...ncer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.t.sol b/...ncer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.t.sol
@@ -39,7 +39,7 @@ contract AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_2
     uint256 aUSDCV2BalanceBefore = IERC20(AaveV2EthereumAssets.USDC_A_TOKEN).balanceOf(
       address(AaveV2Ethereum.COLLECTOR)
     );
-    uint256 AURABalanceBefore = IERC20(AURA_TOKEN).balanceOf(address(AaveV2Ethereum.COLLECTOR));
+    uint256 GLCAURABalanceBefore = IERC20(AURA_TOKEN).balanceOf(GLC);
 
     uint256 veBALBalanceBefore = IERC20(VEBAL_TOKEN).balanceOf(address(AaveV2Ethereum.COLLECTOR));
     uint256 GLCVEBALBalanceBefore = IERC20(VEBAL_TOKEN).balanceOf(GLC);
@@ -55,8 +55,8 @@ contract AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_2
     uint256 aUSDCV2BalanceAfter = IERC20(AaveV2EthereumAssets.USDC_A_TOKEN).balanceOf(
       address(AaveV2Ethereum.COLLECTOR)
     );
-    uint256 AURABalanceAfter = IERC20(AURA_TOKEN).balanceOf(address(AaveV2Ethereum.COLLECTOR));
 
+    uint256 GLCAURABalanceAfter = IERC20(AURA_TOKEN).balanceOf(GLC);
     uint256 GLCUSDCBalance = IERC20(AaveV3EthereumAssets.USDC_UNDERLYING).balanceOf(GLC);
     uint256 GLCVEBALBalanceAfter = IERC20(VEBAL_TOKEN).balanceOf(GLC);
     uint256 veBALBalanceAfter = IERC20(VEBAL_TOKEN).balanceOf(address(AaveV2Ethereum.COLLECTOR));
@@ -72,13 +72,18 @@ contract AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_2
     assertApproxEqAbs(
       aUSDCV2BalanceAfter,
       aUSDCV2BalanceBefore - USDC_AMOUNT_TO_GLC,
-      100 ether,
+      1 ether,
       'aUSDC_V2_LEFTOVER'
     );
 
-    assertApproxEqAbs(AURABalanceAfter, AURABalanceBefore + AURA_AMOUNT, 1500 wei, 'AURA_LEFTOVER');
+    assertApproxEqAbs(
+      GLCAURABalanceAfter,
+      GLCAURABalanceBefore + AURA_AMOUNT,
+      1500 wei,
+      'AURA_LEFTOVER'
+    );
 
-    assertApproxEqAbs(GLCUSDCBalance, USDC_AMOUNT_TO_GLC, 10 ether, 'GLC_USDC_LEFTOVER');
+    assertApproxEqAbs(GLCUSDCBalance, USDC_AMOUNT_TO_GLC, 1500 wei, 'GLC_USDC_LEFTOVER');
 
     assertEq(veBALBalanceAfter, 0);
     assertEq(GLCVEBALBalanceAfter, GLCVEBALBalanceBefore + veBALBalanceBefore);

diff --git a/...tiveStrategyOnBalancer/EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer.md b/...tiveStrategyOnBalancer/EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer.md
@@ -7,13 +7,15 @@ discussions: "https://governance.aave.com/t/arfc-enhancing-aave-daos-liquidity-i
 ## Simple Summary
 
 This AIP proposes Aave DAO to:
+
 - Mint auraBAL using existing B-80BAL-20WETH holdings and stake it on Aura Finance's Classic Staking Pool;
-- Buy 400,000 USDC worth of AURA OTM; and
+- Buy 400,000 USDC worth of AURA OTM
 - Swap $200,000 worth of AAVE for AURA and 200,000 USDC for AURA in an OTC deal with AURA DAO.
+- Send the proceeds to the GHO Liquidity Commitee (GLC) to operate.
 
 ## Motivation
 
-This AIP is part of the GHO overall support and aims at creating deeper GHO secondary liquidity in the balancer ecosystem. It also aims at providing funding to GLC to operate.
+This AIP is part of the GHO overall support and aims at creating deeper GHO secondary liquidity in the balancer ecosystem. It also aims at providing funding to the GLC to operate.
 
 ## Specification
 
@@ -31,7 +33,7 @@ We recommend using [CowSwap's TWAP](https://swap.cow.fi/#/1/advanced/USDC/AURA?t
 
 ## 3. Swap $200,000 worth of AAVE for AURA and 200,000 USDC for AURA in an OTC deal with AURA DAO.
 
-This action can be achieved by transferring 2,965.35 AAVE from the ecosystem reserve and 200,000 USDC from the collector to a token swap contract with properties similar to the one used for the [CRV OTC deal](https://github.com/bgd-labs/aave-proposals/blob/e77e5f1bdfd71970bbc752acbad6a1e46af3feaa/src/AaveV2_Eth_CRV_OTC_Deal_20230508/AaveV2_Eth_CRV_OTC_Deal_20230508.sol).
+This action can be achieved by transferring 2,965.35 AAVE from the ecosystem reserve and 200,000 USDC from the collector to a token swap contract with properties similar to the one used for the [CRV OTC deal](https://github.com/bgd-labs/aave-proposals/blob/main/src/AaveV2_Eth_CRV_OTC_Deal_20230508/AaveV2_Eth_CRV_OTC_Deal_20230508.sol).
 
 We'd be exchanging 2,965.35 AAVE and 200,000 USDC for 477,088.51 AURA with the AURA DAO. The TWAP prices for AURA and AAVE were calculated for the period from September 29th to October 6th and can be found [here](https://docs.google.com/spreadsheets/d/1_oogFs9V-fZQkxj-dBpO8YCLLHEI2YneFHeCtzL501s/edit?usp=sharing).
 
@@ -49,8 +51,8 @@ https://docs.google.com/spreadsheets/d/1_oogFs9V-fZQkxj-dBpO8YCLLHEI2YneFHeCtzL5
 
 ## References
 
-- Implementation: [Ethereum](https://github.com/bgd-labs/aave-proposals/blob/e77e5f1bdfd71970bbc752acbad6a1e46af3feaa/src/20231017_AaveV3_Eth_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.sol)
-- Tests: [Ethereum](https://github.com/bgd-labs/aave-proposals/blob/e77e5f1bdfd71970bbc752acbad6a1e46af3feaa/src/20231017_AaveV3_Eth_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.t.sol)
+- Implementation: [Ethereum](https://github.com/bgd-labs/aave-proposals/blob/main/src/20231017_AaveV3_Eth_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.sol)
+- Tests: [Ethereum](https://github.com/bgd-labs/aave-proposals/blob/main/src/20231017_AaveV3_Eth_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer/AaveV3_Ethereum_EnhancingAaveDAOSLiquidityIncentiveStrategyOnBalancer_20231017.t.sol)
 - [Snapshot](https://snapshot.org/#/aave.eth/proposal/0xd1136b4db12346a95870f5a52ce02ef1bd4fb83cbbbf56c709aa14ae2d38659b)
 - [Discussion](https://governance.aave.com/t/arfc-enhancing-aave-daos-liquidity-incentive-strategy-on-balancer/15061)