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Augustus discussed the potential of including Rocket Pool Ether (rETH) in the Aave V3 Ethereum market and supporting Wrapped Staked Ether (wstETH) on Arbitrum v3. He emphasized the importance of diversification and competition in Liquid Staking and Layer 2's, questioning the liquidity prerequisites for these moves and whether AAVE is receiving rewards for exclusively hosting Lido Wrapped Staked Ether on Layer 2.
The discussion primarily focused on the potential inclusion of Rocket Pool Ether (rETH) in the Aave V3 Ethereum market. Augustus highlighted the approved governance proposal that facilitated the listing of rETH on AAVE V3 Ethereum Market and expressed a desire to see rETH also listed on Optimism and Arbitrum. However, he raised questions about the liquidity prerequisites for such a move1.
In addition to this, Augustus advocated for the support of Wrapped Staked Ether (wstETH) on Arbitrum v3. He provided insights into the liquidity pools on Optimism for wstETH, specifically mentioning the Liquidity Pools Curve valued at 17.51 Million USD and a pool on Beethoven X valued at 19.71 Million USD. Despite comparable trading volumes, he pointed out that Rocket Pool Ether has not been accepted as Liquidity on the chain. He argued that fostering healthy competition is crucial for the expansion of Liquid Staking & Layer 2’s1.
In conclusion, Augustus raised the issue of whether AAVE is receiving any rewards for exclusively hosting Lido Wrapped Staked Ether on Layer 2. If not, he questioned whether a proposal to add the asset would be well-received by the community1. This discussion underscores the importance of diversification and competition in the realm of Liquid Staking and Layer 2's, and the potential benefits of including additional assets like rETH and wstETH.
Posted 6 months ago
Last reply 6 months ago
Summary updated 2 months ago
Last updated 04/12 00:18