Aave’s community overwhelmingly approved a proposal to license a centralized version of its lending protocol for deployment on Kraken’s Ink blockchain.
A proposal for the decentralized finance (DeFi) lending protocol Aave to launch a centralized version of its service on the crypto exchange Kraken’s Ink blockchain has received widespread approval among the community.
An Aave request for comment (ARFC) for the deployment of a whitelabel version of Aave v3 for the Ink Foundation, the organization behind the Ink blockchain, was approved with 99.8% of the votes cast in favor.
An ARFC acts as a preliminary offchain vote before proceeding with a full decentralized autonomous organization (DAO) vote. The next phase involves drafting an Aave improvement proposal (AIP) that will be voted onchain.
The ARFC states that “by granting a license to deploy a centralized version of the Aave (AAVE) codebase, Aave can expand its technology adoption while creating new revenue streams.”
Aave had not responded to a request for comment by publication time.
Kraken unveiled its Ink blockchain in late 2024, following an October announcement. The chain aims to serve as a compliant layer-2 platform for tokenized assets and institutional DeFi.
Aave eyes institutional lending market
The proposal states that the partnership could be “an opportunity for Aave to expand its influence in the institutional lending space,” creating additional revenue streams for the protocol.
The Aave DAO would receive a share “greater than or equal to the equivalent of a Reserve Factor of 5% based on borrow volume in all pools.” The Ink Foundation also committed funds to the development of the new protocol
A proposal for the decentralized finance (DeFi) lending protocol Aave to launch a centralized version of its service on the crypto exchange Kraken’s Ink blockchain has received widespread approval among the community.
An Aave request for comment (ARFC) for the deployment of a whitelabel version of Aave v3 for the Ink Foundation, the organization behind the Ink blockchain, was approved with 99.8% of the votes cast in favor.
An ARFC acts as a preliminary offchain vote before proceeding with a full decentralized autonomous organization (DAO) vote. The next phase involves drafting an Aave improvement proposal (AIP) that will be voted onchain.
The ARFC states that “by granting a license to deploy a centralized version of the Aave (AAVE) codebase, Aave can expand its technology adoption while creating new revenue streams.”
Aave had not responded to a request for comment by publication time.
Kraken unveiled its Ink blockchain in late 2024, following an October announcement. The chain aims to serve as a compliant layer-2 platform for tokenized assets and institutional DeFi.
Aave eyes institutional lending market
The proposal states that the partnership could be “an opportunity for Aave to expand its influence in the institutional lending space,” creating additional revenue streams for the protocol.
The Aave DAO would receive a share “greater than or equal to the equivalent of a Reserve Factor of 5% based on borrow volume in all pools.” The Ink Foundation also committed funds to the development of the new protocol
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.