diff --git a/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.sol b/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.sol
new file mode 100644
index 000000000..3a7d4ac7a
--- /dev/null
+++ b/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.sol
@@ -0,0 +1,30 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {AaveV3Ethereum, AaveV3EthereumAssets} from 'aave-address-book/AaveV3Ethereum.sol';
+import {IProposalGenericExecutor} from 'aave-helpers/interfaces/IProposalGenericExecutor.sol';
+
+/**
+ * @title Merit Approvals
+ * @author karpatkey_TokenLogic_ACI
+ * - Snapshot: https://snapshot.org/#/aave.eth/proposal/0xc80da83fadfe4f8a4c56e1643895cb7e9b1af1d9dcd374f1b41ded5c95b42f68
+ * - Discussion: https://governance.aave.com/t/arfc-merit-a-new-aave-alignment-user-reward-system/16646
+ */
+contract AaveV3Ethereum_MeritApprovals_20240306 is IProposalGenericExecutor {
+  uint256 public constant GHO_ALLOWANCE = 2_900_000 ether;
+  uint256 public constant WETH_V3_ALLOWANCE = 600 ether;
+  address public constant MERIT_WALLET = 0xdeadD8aB03075b7FBA81864202a2f59EE25B312b;
+
+  function execute() external {
+    AaveV3Ethereum.COLLECTOR.approve(
+      AaveV3EthereumAssets.GHO_UNDERLYING,
+      MERIT_WALLET,
+      GHO_ALLOWANCE
+    );
+    AaveV3Ethereum.COLLECTOR.approve(
+      AaveV3EthereumAssets.WETH_A_TOKEN,
+      MERIT_WALLET,
+      WETH_V3_ALLOWANCE
+    );
+  }
+}
diff --git a/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.t.sol b/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.t.sol
new file mode 100644
index 000000000..fb4966b4a
--- /dev/null
+++ b/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.t.sol
@@ -0,0 +1,70 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {IERC20} from 'solidity-utils/contracts/oz-common/interfaces/IERC20.sol';
+import {AaveV3Ethereum, AaveV3EthereumAssets} from 'aave-address-book/AaveV3Ethereum.sol';
+import {ProtocolV3TestBase} from 'aave-helpers/ProtocolV3TestBase.sol';
+
+import {AaveV3Ethereum_MeritApprovals_20240306} from './AaveV3Ethereum_MeritApprovals_20240306.sol';
+
+/**
+ * @dev Test for AaveV3Ethereum_MeritApprovals_20240306
+ * command: make test-contract filter=AaveV3Ethereum_MeritApprovals_20240306
+ */
+contract AaveV3Ethereum_MeritApprovals_20240306_Test is ProtocolV3TestBase {
+  AaveV3Ethereum_MeritApprovals_20240306 internal proposal;
+
+  function setUp() public {
+    vm.createSelectFork(vm.rpcUrl('mainnet'), 19377425);
+    proposal = new AaveV3Ethereum_MeritApprovals_20240306();
+  }
+
+  /**
+   * @dev executes the generic test suite including e2e and config snapshots
+   */
+  function test_defaultProposalExecution() public {
+    assertEq(
+      IERC20(AaveV3EthereumAssets.GHO_UNDERLYING).allowance(
+        address(AaveV3Ethereum.COLLECTOR),
+        proposal.MERIT_WALLET()
+      ),
+      0
+    );
+    assertEq(
+      IERC20(AaveV3EthereumAssets.WETH_A_TOKEN).allowance(
+        address(AaveV3Ethereum.COLLECTOR),
+        proposal.MERIT_WALLET()
+      ),
+      0
+    );
+
+    executePayload(vm, address(proposal));
+
+    assertEq(
+      IERC20(AaveV3EthereumAssets.GHO_UNDERLYING).allowance(
+        address(AaveV3Ethereum.COLLECTOR),
+        proposal.MERIT_WALLET()
+      ),
+      proposal.GHO_ALLOWANCE()
+    );
+    assertEq(
+      IERC20(AaveV3EthereumAssets.WETH_A_TOKEN).allowance(
+        address(AaveV3Ethereum.COLLECTOR),
+        proposal.MERIT_WALLET()
+      ),
+      proposal.WETH_V3_ALLOWANCE()
+    );
+
+    vm.startPrank(proposal.MERIT_WALLET());
+    IERC20(AaveV3EthereumAssets.GHO_UNDERLYING).transferFrom(
+      address(AaveV3Ethereum.COLLECTOR),
+      proposal.MERIT_WALLET(),
+      2_000_000 ether
+    );
+    IERC20(AaveV3EthereumAssets.WETH_A_TOKEN).transferFrom(
+      address(AaveV3Ethereum.COLLECTOR),
+      proposal.MERIT_WALLET(),
+      500 ether
+    );
+  }
+}
diff --git a/src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals.md b/src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals.md
new file mode 100644
index 000000000..03f6df03d
--- /dev/null
+++ b/src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals.md
@@ -0,0 +1,32 @@
+---
+title: "Merit Approvals"
+author: "karpatkey_TokenLogic_ACI"
+discussions: "https://governance.aave.com/t/arfc-merit-a-new-aave-alignment-user-reward-system/16646"
+snapshot: "https://snapshot.org/#/aave.eth/proposal/0xc80da83fadfe4f8a4c56e1643895cb7e9b1af1d9dcd374f1b41ded5c95b42f68"
+---
+
+## Simple Summary
+
+“Merit” proposes a merkle-tree-based periodic airdrop system, designed to reward Aave-aligned user behaviors and enhance protocol competitiveness, with a defined budget for the initial 90-day period.
+
+## Motivation
+
+Addressing the competitive DeFi landscape, “Merit” seeks to elevate Aave’s appeal and efficiency through a rewarding mechanism that prioritizes DAO-beneficial actions, distinguishing Aave from competitors employing artificial incentive methods.
+
+## Specification
+
+Merit SAFE: [0xdeadD8aB03075b7FBA81864202a2f59EE25B312b](https://etherscan.io/address/0xdeadD8aB03075b7FBA81864202a2f59EE25B312b)
+
+- Approve 2.9M GHO
+- Approve 600 aEthWETH
+
+## References
+
+- Implementation: [AaveV3Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/main/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.sol)
+- Tests: [AaveV3Ethereum](https://github.com/bgd-labs/aave-proposals-v3/blob/main/src/20240306_AaveV3Ethereum_MeritApprovals/AaveV3Ethereum_MeritApprovals_20240306.t.sol)
+- [Snapshot](https://snapshot.org/#/aave.eth/proposal/0xc80da83fadfe4f8a4c56e1643895cb7e9b1af1d9dcd374f1b41ded5c95b42f68)
+- [Discussion](https://governance.aave.com/t/arfc-merit-a-new-aave-alignment-user-reward-system/16646)
+
+## Copyright
+
+Copyright and related rights waived via [CC0](https://creativecommons.org/publicdomain/zero/1.0/).
diff --git a/src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals_20240306.s.sol b/src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals_20240306.s.sol
new file mode 100644
index 000000000..37bfbf0f6
--- /dev/null
+++ b/src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals_20240306.s.sol
@@ -0,0 +1,55 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.0;
+
+import {GovV3Helpers, IPayloadsControllerCore, PayloadsControllerUtils} from 'aave-helpers/GovV3Helpers.sol';
+import {EthereumScript} from 'aave-helpers/ScriptUtils.sol';
+import {AaveV3Ethereum_MeritApprovals_20240306} from './AaveV3Ethereum_MeritApprovals_20240306.sol';
+
+/**
+ * @dev Deploy Ethereum
+ * deploy-command: make deploy-ledger contract=src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals_20240306.s.sol:DeployEthereum chain=mainnet
+ * verify-command: npx catapulta-verify -b broadcast/MeritApprovals_20240306.s.sol/1/run-latest.json
+ */
+contract DeployEthereum is EthereumScript {
+  function run() external broadcast {
+    // deploy payloads
+    address payload0 = GovV3Helpers.deployDeterministic(
+      type(AaveV3Ethereum_MeritApprovals_20240306).creationCode
+    );
+
+    // compose action
+    IPayloadsControllerCore.ExecutionAction[]
+      memory actions = new IPayloadsControllerCore.ExecutionAction[](1);
+    actions[0] = GovV3Helpers.buildAction(payload0);
+
+    // register action at payloadsController
+    GovV3Helpers.createPayload(actions);
+  }
+}
+
+/**
+ * @dev Create Proposal
+ * command: make deploy-ledger contract=src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals_20240306.s.sol:CreateProposal chain=mainnet
+ */
+contract CreateProposal is EthereumScript {
+  function run() external {
+    // create payloads
+    PayloadsControllerUtils.Payload[] memory payloads = new PayloadsControllerUtils.Payload[](1);
+
+    // compose actions for validation
+    IPayloadsControllerCore.ExecutionAction[]
+      memory actionsEthereum = new IPayloadsControllerCore.ExecutionAction[](1);
+    actionsEthereum[0] = GovV3Helpers.buildAction(
+      type(AaveV3Ethereum_MeritApprovals_20240306).creationCode
+    );
+    payloads[0] = GovV3Helpers.buildMainnetPayload(vm, actionsEthereum);
+
+    // create proposal
+    vm.startBroadcast();
+    GovV3Helpers.createProposal(
+      vm,
+      payloads,
+      GovV3Helpers.ipfsHashFile(vm, 'src/20240306_AaveV3Ethereum_MeritApprovals/MeritApprovals.md')
+    );
+  }
+}
diff --git a/src/20240306_AaveV3Ethereum_MeritApprovals/config.ts b/src/20240306_AaveV3Ethereum_MeritApprovals/config.ts
new file mode 100644
index 000000000..63f5f9508
--- /dev/null
+++ b/src/20240306_AaveV3Ethereum_MeritApprovals/config.ts
@@ -0,0 +1,15 @@
+import {ConfigFile} from '../../generator/types';
+export const config: ConfigFile = {
+  rootOptions: {
+    pools: ['AaveV3Ethereum'],
+    title: 'Merit Approvals',
+    shortName: 'MeritApprovals',
+    date: '20240306',
+    author: 'karpatkey_TokenLogic_ACI',
+    discussion:
+      'https://governance.aave.com/t/arfc-merit-a-new-aave-alignment-user-reward-system/16646',
+    snapshot:
+      'https://snapshot.org/#/aave.eth/proposal/0xc80da83fadfe4f8a4c56e1643895cb7e9b1af1d9dcd374f1b41ded5c95b42f68',
+  },
+  poolOptions: {AaveV3Ethereum: {configs: {OTHERS: {}}, cache: {blockNumber: 19377425}}},
+};