Summary
The Aave DAO would like to present an offer to Tribe DAO for the purchase of the vlAURA holding.
Motivation:
Aave DAO is a key partner in the Balancer and Aura Finance ecosystem. The Aave DAO is soon to launch the GHO stablecoin and a series of Balancer Boosted Aave pools, [1]. Aave intends to become an active participant in Aura’s governance and utilise the AURA inflation schedule to mutually support growing Aura Finance’s and Aave’s TVL.
Offer vlAURA
Proposed Sale Terms:
Price: $2.6265
Size: 34,038.42 AURA locked as vlAURA
Total Notional Sale: $89,401.91013 paid in DAI
*Subject proposal passing Aave governance and a security check performed by the Aave development community prior to Aave community on-chain vote.
The offer, a 15% discount to the AURA previous day’s closing price, with payment made in DAI. This offer is subject to the proposal passing Aave governance, to which we expect strong support and a security check performed by Aave development community prior to Aave’s on-chain vote, [2].
The bid is for the purchase of the vlAURA and any accrued holdings held within the address stated below:
0xc44902C03093D52213d20E5b06a0Bda4D9Ce6524
| Price vlAURA: | $3.09 Closing price 30/08, [3]. | |
| Quantity vlAURA: | 34,038.42 [4] | |
| Total: | $105,178.7178 | |
| Discount: | 15% | |
| Price: | $2.6265 | |
| Offer vlAURA: | $89,401.91013 |
References
[1] Introducing: GHO - Governance - Aave
[2] [ARC] Purchase vlAURA from Tribe DAO - Governance - Aave
[3] Aura Finance USD Historical Data | CoinGecko
[4] TransparentUpgradeableProxy | Address 0xc44902C03093D52213d20E5b06a0Bda4D9Ce6524 | Etherscan
[5] Creative Commons — CC0 1.0 Universal
Copyright
Copyright and related rights waived via CC0, [5].