TL;DR:
The Aave community supports the proposal to deploy Aave V3 on the Base upon Mainnet launch, with initial risk parameters provided by Gauntlet and ChaosLabs, and assets like wETH, wstETH, cbETH, and USDC as collateral. The proposal is now moving to the Snapshot stage for voting, marking a significant step in Aave's expansion in the DeFi ecosystem.
The discussion revolved around the proposal by Fig to deploy Aave V3 on the Base upon Mainnet launch, with the aim of expanding Aave's presence and tapping into the future growth of the DeFi ecosystem1. The Aave community showed support for the deployment, with users like 0xkeyrock.eth and Tristan expressing their approval 2,3. The ARFC suggested deploying Aave V3 on Base with assets such as wETH, wstETH, cbETH, and USDC as collateral, with initial risk parameters provided by Gauntlet and ChaosLabs1.
ChaosLabs proposed the initial parameters for the V3 market, including the configuration of an Ethereum-correlated e-mode category. They also recommended conservative supply and borrow caps for the launch, which will be adjusted post-launch based on liquidity and market conditions6,8. Gauntlet provided updated recommendations for the BASE deployment, including parameters for the same assets9. However, ChaosLabs later updated the supply and borrow caps for WETH, USDbC, and cbETH following the successful launch of BASE and observed growth in liquidity11.
The proposal is set to move to the Snapshot stage for voting, as announced by Fig7. Bgdlabs also announced the submission of a governance proposal for the community to activate Aave v3 Base, with voting starting in approximately 24 hours12. The discussion concluded with the anticipation of the Snapshot vote and the potential activation of Aave V3 on Base, marking a significant step in Aave's expansion in the DeFi ecosystem.
Posted 6 months ago
Last reply 4 months ago
Summary updated 2 months ago
Last updated 08/12 04:39