# \[IIP-11\] - Deprecate Aave v1 **URL:** \ **Category:** ⛓ IIPs\ **Created:** [August 11, 2021, 11:08am UTC](https://gov.pareto.credit/t/iip-11-deprecate-aave-v1/597 "2021-08-11T11:08:58Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Davide](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/davide/32/3_2.png) [@Davide](https://gov.pareto.credit/u/Davide)\ **Post date:** [August 11, 2021, 11:08am UTC](https://gov.pareto.credit/t/iip-11-deprecate-aave-v1/597/1 "2021-08-11T11:08:58Z")
**Authors** Idle Leagues **Summary** This IIP executes Aave v1 deprecation and transfers 4’105.7 $IDLE to Leagues multisig as reimbursement for B2B affiliation program payout, allowing the committee to finalize past mandate’s operations. **Rationale** In February, Idle Governance discussed [Aave v2 wrapper integration](https://gov.pareto.credit/t/eth-aave-implementation-and-security-review-kick-off/291) and implemented it in idleDAI, idleUSDC, idleUSDT, idleSUSD, idleTUSD, idleWBTC, and idleWETH Best-Yield pools via [IIP-5](https://gov.pareto.credit/t/iip5-bounty-to-emiliano-bonassi-idle-farming-activation-for-the-weth-pool-aave-v2-wrapper-implementation/358). Idle protocol is currently supporting both Aave v1 and v2, but it has not allocated funds on v1 for weeks due to a lack of incentives. This is favorable timing to execute the old version’s dismission because the pool no longer represents an underlying lending source. This [forum post](https://gov.pareto.credit/t/deprecate-aave-v1/565) illustrates the rationale behind Aave v1 deprecation, and the Governance voted [via Snapshot](https://snapshot.org/#/idlefinance.eth/proposal/QmQi5cofpEgnzDhBwgL6cAUKWoxbt3WBuB6pMNexsTkPFF) to approve this change. This IIP consists of 9 actions, 6 used for Best-Yield pools and 3 for Risk-Adjusted ones, and the 10th slot transfers 4’105.7 $IDLE to Leagues multisig. As reported in [Treasury League – Budget Extension](https://gov.pareto.credit/t/treasury-league-budget-extension/587), this amount would refund Leagues for the B2B affiliation program payout, not included in the previous Leagues’ budget but directly executed by the committee for the sake of simplicity. In this way, Leagues can complete the payout for expenses related to the past mandate. **Specifications** The technical implementation is reported in the [on-chain IIP](https://idle.finance/#/governance/proposals/11), developed by Dev League. Treasury League wallet: [0xfb3bd022d5dacf95ee28a6b07825d4ff9c5b3814](https://app.zerion.io/0xfb3bd022d5dacf95ee28a6b07825d4ff9c5b3814/overview) This IIP would comply with the stkIDLE Voting Framework (requirements: 30% of circulating stkIDLE voting the poll + at least 70% on the same option). The poll for stkIDLE holders will be launched together with the on-chain IIP and will last for 2 days. During the 3rd day, the community multisig will broadcast the stakers’ votes if the poll reaches the quorum. **Next Steps** Governance discussed and approved this initiative several times, so the IIP lands directly on-chain. 🗳 On-chain vote: [LINK](https://idle.finance/#/governance/proposals/11) 🗓 End date: approx Aug 15th 🗳 Off-chain stkIDLE holders poll: [LINK](https://snapshot.org/#/staking.idlefinance.eth/proposal/QmSTMTrnyj74UrUErKPjaVSXqj3oJ2bBzbukoRBVHhRKSR) 🗓 End date: Aug 14th, 11am UTC ---
**Author:** ![Davide](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/davide/32/3_2.png) [@Davide](https://gov.pareto.credit/u/Davide)\ **Post date:** [August 12, 2021, 3:31pm UTC](https://gov.pareto.credit/t/iip-11-deprecate-aave-v1/597/2 "2021-08-12T15:31:16Z")
Both [on-chain IIP](https://idle.finance/#/governance/proposals/11) and [off-chain stkIDLE poll](https://snapshot.org/#/staking.idlefinance.eth/proposal/QmSTMTrnyj74UrUErKPjaVSXqj3oJ2bBzbukoRBVHhRKSR) are live! The post above includes the links to vote and deadlines. The [stkIDLE voting calculator](https://docs.google.com/spreadsheets/d/1BnH9boRmBADuyquvDMh0AmQfF97Zj76sIENKtySLU8o/edit?usp=sharing) has now a new section to monitor if stkIDLE polls reach the quorum. ---
**Author:** ![Davide](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/davide/32/3_2.png) [@Davide](https://gov.pareto.credit/u/Davide)\ **Post date:** [August 19, 2021, 9:34am UTC](https://gov.pareto.credit/t/iip-11-deprecate-aave-v1/597/3 "2021-08-19T09:34:14Z")
The off-chain stkIDLE poll reached the quorum (more than 56’141 stkIDLE votes) with 70%+ in favor of the proposal, so the multisig broadcasted the “YES” vote ✅ ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/1X/366bfeedf5da4092d71437bca285eb4d242e6ef1.png) Globally, IIP-11 collected more than 750k IDLE votes, succeeded, and its execution completed the Aave migration!