# \[BIP-395\] Delegate AAVE/stkAAVE to TokenLogic

**URL:** <https://forum.balancer.fi/t/bip-395-delegate-aave-stkaave-to-tokenlogic/5042>\
**Category:** General Chat\
**Created:** [July 31, 2023, 11:37am UTC](https://forum.balancer.fi/t/bip-395-delegate-aave-stkaave-to-tokenlogic/5042 "2023-07-31T11:37:20Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![TokenLogic](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/tokenlogic/32/2656_2.png) [@TokenLogic](https://forum.balancer.fi/u/TokenLogic)\
**Post date:** [July 31, 2023, 11:37am UTC](https://forum.balancer.fi/t/bip-395-delegate-aave-stkaave-to-tokenlogic/5042/1 "2023-07-31T11:37:20Z")

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### PR with Payload

[https://github.com/BalancerMaxis/multisig-ops/pull/432](https://github.com/BalancerMaxis/multisig-ops/pull/432)

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title: [BIP-XXX] Delegate AAVE/stkAAVE to TokenLogic  
author: TokenLogic  
created: 2023-07-31

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# Summary

This publication supports redirecting the AAVE and/or stkAAVE proposal and voting rights from Llama to TokenLogic.

TokenLogic is a [recognised delegate](https://governance.aave.com/t/tokenlogic-delegate-platform/12516) within the Aave Community founded my Matthew Graham.

# Abstract

The main contributors to the Balancer ecosystem from Llama community was Matthew Graham and dydydmoon. The earlier is now 100% focused on building [TokenLogic](https://twitter.com/Matthew_Graham_/status/1682045389552365570?s=20) and dydymoon is transitioning from Llama to TokenLogic.

This publication advocates for redirecting Balancer’s AAVE and/or stkAAVE, proposal and voting rights, from Llama to TokenLogic.

# Motivation

The below contains a list for recent proposals by TokenLogic.

- [[BIP-370] Reallocate bb-a-USD Protocol Fees to GHO/bb-a-USD Fees](https://forum.balancer.fi/t/bip-370-reallocate-bb-a-usd-protocol-fees-to-gho-bb-a-usd-fees/4969)
- [[BIP-361] Enable GHO/MAI Gauge [Ethereum]](https://forum.balancer.fi/t/bip-361-enable-gho-mai-gauge-ethereum/4970)
- [[BIP-360] Enable GHO/bb-a-USD Gauge [Ethereum]](https://forum.balancer.fi/t/bip-360-enable-gho-bb-a-usd-gauge-ethereum/4965)
- [[BIP-358] Enable GHO/wstETH Gauge [Ethereum] ](https://forum.balancer.fi/t/bip-358-enable-gho-wsteth-gauge-ethereum/4964)
- [[BIP-357] Enable GHO/LUSD Gauge [Ethereum] ](https://forum.balancer.fi/t/bip-357-enable-gho-lusd-gauge-ethereum/4963)

Further to the above, all of Llama’s proposals on the Balancer governance forum are the work of Matthew and Dydymoon. This includes the proposals to redirect protocol fees to new pools and to deposit BAL into Aave v3 deployments on Polygon and Ethereum.

Matthew and Dydymoon also designed the Aave Safety Module (SM) upgrade which includes integrating Aura Finance contracts and Balancer gauges into the SM. This work is ongoing and reflects the level of knowledge both have of the Balancer ecosystem.

TokenLogic is working closely with Balancer DAO, Aura DAO and other contributors within the Balancer ecosystem to support the launch of GHO. Details on the GHO launch strategy, focused on Balancer, can be found [here](https://governance.aave.com/t/arfc-gho-liquidity-pools-primary-pools-initial-strategy/14071).

This proposal suggests any stkAAVE, AAVE or BPT with voting rights (soon) that Balancer DAO holds be delegated to Tokenlogic.

TokenLogic’s newly created delegation address: `0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1`

The [old address](https://boardroom.io/voter/0xA06c2e5BB33cd6718b08EC9335081Cbba62861f7) for anyone seeking to check out our voting history within the Aave Community.

# Specification

Delegate all Aave DAO proposal and voting power to the following address:

`0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1`

At time of writing this includes stkAAVE and AAVE holdings. In the future this may include other assets which have voting rights within the Aave Community.

# Disclosure

TokenLogic is a voting delegate within the Aave Ecosystem.

# Copyright

Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).

## Full Payload specification

The BalancerDAO Multisig `eth:0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f` will interact with the `Aave Token contract` at `0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9` and will write as proxy at ` 0x96f68837877fd0414b55050c9e794aecdbcfca59` and call the delegateByType function with the following arguments:  
delegatee(address): `0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1`  
delegationType(uint8): `0`

which will grant governance voting rights.

Furthermore the BalancerDAO Multisig `eth:0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f` will interact with the `Aave Token contract` at `0x7Fc66500c84A76Ad7e9c93437bFc5Ac33E2DDaE9` and will write as proxy at ` 0x96f68837877fd0414b55050c9e794aecdbcfca59` and call the delegateByType function with the following arguments:  
delegatee(address): `0x2cc1ADE245020FC5AAE66Ad443e1F66e01c54Df1`  
delegationType(uint8): `1`

which will grant governance proposal power

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<div class="post-metadata">

**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\
**Post date:** [August 3, 2023, 11:26am UTC](https://forum.balancer.fi/t/bip-395-delegate-aave-stkaave-to-tokenlogic/5042/2 "2023-08-03T11:26:47Z")

</div>

[https://snapshot.org/#/balancer.eth/proposal/0xc43178bf98c91380899c23ccbe63a37d3a1b487ce35edc54c1fadfd25001d21d](https://snapshot.org/#/balancer.eth/proposal/0xc43178bf98c91380899c23ccbe63a37d3a1b487ce35edc54c1fadfd25001d21d)
