Aave DAO authorizes the Ink Foundation to launch a white label lending platform, and both parties have reached a revenue-sharing agreement.

robot
Abstract generation in progress

[Coin World] On July 21, news came that Aave DAO passed a resolution in the AFRC vote with a support rate of 99.8%, approving the non-profit Ink Foundation to launch a white label lending platform based on the Aave V3 codebase. The Ink Foundation is a non-profit organization supporting the eponymous Ethereum Layer 2 incubated by Kraken. It is expected that the DAO will authorize the foundation to launch a rebranded centralized lending platform based on the Aave codebase. Aave DAO's service providers will assist Ink's Aave V3 instance for the first six months. In exchange, Aave DAO will receive a percentage of the new platform's revenue, calculated based on the lending volume of all liquidity pools, amounting to no less than a level equivalent to 5% of reserves. This move will also ensure that the Ink Foundation and its centralized partners do not seek cooperation with other lending protocols for at least 12 months after the platform's deployment. On the other hand, the Ink Foundation will invest significant resources to launch and develop this Aave V3 white label version, including the launch of multiple Liquidity Mining programs aimed at attracting over $250 million in initial liquidity to the platform.

AAVE-1.56%
INK-10.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
AirdropHunterWangvip
· 7h ago
Take away 250 million, Clip Coupons hard.
View OriginalReply0
AirdropGrandpavip
· 19h ago
ink is going to issue coin again, all in
View OriginalReply0
FlippedSignalvip
· 07-21 17:22
If I had known this earlier, I would have bought some ink to try digging.
View OriginalReply0
OldLeekConfessionvip
· 07-21 07:50
The support rate is so high, amazing!
View OriginalReply0
0xSunnyDayvip
· 07-21 07:47
Haha, such a high approval rating, it’s stable!
View OriginalReply0
MEVHunterXvip
· 07-21 07:43
Is it necessary to invest every time income is distributed?
View OriginalReply0
TokenStormvip
· 07-21 07:43
You finally ended up in the play people for suckers again, right?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)