<aside> ❓ In Rollout #1 - Aave, voters can deposit AAVE and stkAAVE tokens in Enzyme vaults to trigger automated delegation to the elected delegate and gain a badge–only if they let their tokens in the vault for the entirety of the 3-month period.

</aside>

<aside> 🤑 This deal (lock tokens to get a reward) is designed to test our assumptions on voters incentives: 5% of Minority voters who participated in Snapshot Election will Vault-Delegate (take cost to guarantee delegate compensation)

</aside>

The vaults

Butter x Aave Vault [AAVE]:

Enzyme

Butter x Aave Vault [stkAAVE]:

Enzyme

Ownership

Both vaults have as manager the Butter Safe 0xbFc52a18D33d301e8D1960acA3b482CF5A5A4dFF.

Vault policy

<aside> 🔒 Vault policies are the most restrictive possible, to achieve highest trust

</aside>

Enzyme

Enzyme

Misc

<aside> ⚠️ Gas costs to interact with the vault are very high

</aside>

With as much as 0.01 ETH to deposit and the same to withdraw, very few people might be willing to enter the deal.

Todo

Vault-based election design [not implemented]

Vault setup notes

Report July 18, 2023

AAVE vault

Enzyme