Aave

Collector

The <a target="_blank" href="https://tokeninsight.com/en/coins/aave/overview">Aave</a> community has approved a governance proposal regarding the DAO treasury management, which will convert most <a target="_blank" href="https://tokeninsight.com/en/coins/ethereum/overview">$ETH</a> in the DAO treasury to $wstETH and <a target="_blank" href="https://tokeninsight.com/en/coins/rocket-pool-eth/overview">$rETH</a> to increase yields. 100% of the voting power is in favor of the proposal.
According to the proposal, Aave DAO will convert 1,400 $awETH, 104 $ETH and 96 $aEthWETH to 800 <a target="_blank" href="https://tokeninsight.com/en/coins/lido-staked-ether/overview">$stETH </a>and 800 $rETH, then wrap the $stETH into $wstETH. The $wstETH and $rETH will be transferred into the Collector contract.
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Aave to Convert 1,600 ETH in DAO Treasury to $wstETH and $rETH

TokenInsight

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