A proposal for Decentralized Finance (DEFI) Lending Protocol AAVE to launch a centralized version of its Crypto Exchange service Kraken’s Ink Blockchain has received a widespread approval in the community.
An ARFC acts as an initial vote on Offchain before proceeding in full Decentralized Autonomous Organization (DAO) Vote. The next stage involves drafting an Aave Improwed Proposal (AIP) to vote onchain.
The ARFC says that “by giving a license to deploy a centralized version of the AAVE (AAVE) Codebase, AAVE can expand technology adoption while creating new income streams.”
AAVE did not respond to a request for comment by time of publication.
Kraken Released its ink blockchain in late 2024Following an announcement in October. The chain aims to serve as a following layer-2 platform for tokenized assets and institutional defi.
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AAVE EYES INSTITUTIONAL LENDING MARKET
The proposal states that the collaboration may be “an opportunity for AAVE to expand its influence on the institution’s lending space,” which creates additional income streams for the protocol.
Aave Dao will receive a part that is “greater than or equal to a reserve factor of 5% based on the amount of borrowing in all pools.” The Ink Foundation has also developed a new protocol formation:
“The Ink Foundation has created significant incentives in bootstrapping this opportunity. It includes many liquidity mining programs that are expected to bring more than $ 250m to early supply to the example.”
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The positive trajectory of AAVE growth
The announcement follows AAVE Reaches a total amount locking (TVL) of $ 40.3 billion In mid -May.
However, data from Defillrama shows AAVE’s current TVL sink At about $ 33.5 billion, it is placed second behind the liquid platform of staking Lido, which Holding $ 34.3 billion in property.
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