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# System prepended metadata

title: Insolvency Refund for Excess Debt in CRV Market

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# Insolvency Refund for Excess Debt in CRV Market

## Summary
Provide logistics on using Gauntlet's insolvency refund to cover excess debt in the CRV market. This post is a follow up to the plan detailed by @Llamaxyz [here](https://governance.aave.com/t/arc-repay-excess-debt-in-crv-market-for-aave-v2-eth/10779).

## Background
As a refresher - a few weeks ago, Gauntlet launched an [insolvency refund](https://governance.aave.com/t/insolvency-refund-from-gauntlet/10048) for Aave to use a portion of our service fee to cover losses incured during our engagement. At launch, 30% of our service fee (denominated in stkAAVE) was transferred to a multi-sig contract.   

Gauntlet Wallet: 0x7667095Caa12b79fCa489ff6E2198Ca01fDAe057
Quantity stkAAVE: 4,923.6
Value stkAAVE: [UPDATE $308,118.89 @ 62.5800]

## Specification

The process to return funds back to the treasury is in process. In order to redeem the stkAAVE, the funds have been unstaked and are now in the 10 day cooldown period. 

Transaction receipt: https://etherscan.io/tx/0x5db993a54696a0113ada9244f5c899a01b150fb009987d58c27b50a65e249af3

Following the cooldown period, Gauntlet will transfer the AAVE to the Ecosystem Reserve Contract: 0x25f2226b597e8f9514b3f68f00f494cf4f286491 and will send a follow up here with the transaction receipt.




