Draft CIP-1 AAVE Liquidity Mining Auto Harvesting Strategy | Celer Network Announcements

Draft CIP-1 AAVE Liquidity Mining Auto Harvesting Strategy

First Celer Improvement Proposal (CIP-1) is posted by our community member. From a high-level, the developers propose to deploy a new strategy to app.layer2.finance. The strategy first claims the stkAAVE from Aave’s incentive controller contract, it then activates the cooldown period for unstaking, which is currently set to 10 days by Aave. After the cooldown expires, the strategy unstakes the stkAAVE and converts them back to AAVE. It also claims the accrued AAVE interest from staking during the cooldown period. It then sells the AAVE obtained from the into the stablecoins on Uniswap back into the stablecoins and re-invests them into Aave, compounding the gains.

Vote in the sentiment poll here: https://forum.celer.network/t/draft-cip-1-aave-liquidity-mining-auto-harvesting-strategy/98

If sentiment is positive, we will open a community voting to start integrating this！