Proposal overview
Add claimRewardsToSelf() to incentives for Ethereum V2 Aave Market
Summary
Add a claimRewardsToSelf()
function to the liquidity mining incentives contract, so a caller can claim their own rewards without specifying the to
recipient.
Abstract
Aave incentive contracts currently only contain claiming functions in which the caller specifies the recipient to
address, who will receive the claimed rewards. Unfortunately, this poses a security problem for abstractly-designed smart contract claimants that do not have fully-trusted originators of claiming txs. This is the case for Enzyme vaults. By adding an additional claiming function to the incentive contract that uses msg.sender
instead of to
, the tx originator no longer needs to be trusted.
This simple addition - that reuses the exact same claiming logic as the current claiming functions with no changes to storage layout - will increase composability opportunities with Enzyme and similarly architected protocols.
Motivation
Enzyme is a decentralised asset management infrastructure built on Ethereum. It allows asset managers to build on-chain investment Vaults that utilise and allocate to the newest innovations in DeFi. Because all transactions occur on the Ethereum blockchain, compliance, accounting, and investor management services are rendered programatically and at a dramatically-reduced cost to their traditional finance counterparts.
Amongst other things, Enzyme Vaults can interact with AAVE by lending. We are currently also working on accommodating the borrowing functionality to enable leveraged strategies.
In order to keep providing our users with superior asset management tools in DeFi, we want to open up the liquidity mining option for them as soon as possible. Our users rely on having the latest DeFi functionality in Enzyme to reach their full potential.
Benefits for AAVE:
- Increased AAVE adoption by the Enzyme user base and other similarly architected protocols
- Tapping into a new and fast-growing community
- A closer collaboration between our two projects & communities
- Enzyme contracts have been audited by PWC, Chain Security and some of the leading auditors in the space who sit on the Enzyme Council
- Opening up the possibility for new and novel use-cases to be built around AAVE
Specification
Adds function claimRewardsToSelf(address[] calldata assets, uint256 amount)
to the liquidity mining incentives contract, which reuses the logic of claimRewards()
but uses msg.sender
instead of to
.
Rationale
This is the simplest, least intrusive way to support claimants who might not be trusted to send claimed rewards to a third party.
Test Cases
Test suites (local, mainnet fork, and proposal flow on mainnet fork) have been included at https://github.com/aave/incentives-controller/pull/4 and have been reviewed by Aave team.
Implementation
Full PR: https://github.com/aave/incentives-controller/pull/4
New incentives implementation contract on Ethereum mainnet: 0xD9ED413bCF58c266F95fE6BA63B13cf79299CE31
Upgrade to be executed via deployment of ProposalIncentivesV2Executor.sol
: https://github.com/aave/incentives-controller/blob/e5e8b2c994ee29b0af883db7c94add372b4423b2/contracts/proposals/ProposalIncentivesV2Executor.sol
Deployed proposal payload (ProposalIncentivesV2Executor.sol
) on Ethereum mainnet: 0xb8fA635fEC4E6BDb05e7937cBeF01214991e9D5a
Audit
Snapshot vote
https://snapshot.org/#/aave.eth/proposal/QmcgTovk982fcUTN17qtDyZ4oCoVGnKZJGuwMVtqspfphk
Copyright
Copyright and related rights waived via CC0.
Your voting info
Voting results
YAE
352.60K
NAY
0
352.60K
352.60K
16,000,000
Proposal details
~ 24 May 2022, 02:00 pm
~ 24 May 2022, 02:00 pm
28 May 2022, 06:16 pm
Sean Casey (@SeanJCasey)