ARC: Aave Deployment to BitTorrent Chain (BTTC)

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governance.aave.com

TL;DR:

The BitTorrent DAO Community has proposed the deployment of the Aave Protocol on the BitTorrent Chain (BTTC), citing its secure infrastructure, faster transactions, lower fees, and compatibility with TRON, Ethereum, and Binance Smart Chain as advantages. A Snapshot vote is pending for the Aave community to approve or disapprove this deployment, with discussions ongoing about the transparency of the DAO Community's operations and the potential benefits of integrating TRON USDT with AAVE.

The BitTorrent DAO Community has proposed the deployment of the Aave Protocol on the BitTorrent Chain (BTTC), an open-source, EVM-compatible blockchain. The community believes that BTTC's secure infrastructure, faster transaction confirmation, and lower transaction fees make it an ideal platform for Aave's multichain expansion. BTTC's compatibility with TRON, Ethereum, and Binance Smart Chain, and its integration with Binance Smart Chain, which has a strong deflationary mechanism and more daily active addresses than all other layer 1s combined, are also seen as advantages. The BitTorrent DAO Community has allocated up to $1bn for users of the Aave protocol, which they believe will attract new users to the platform and expand Aave's reach in the DeFi ecosystem. A Snapshot vote has been proposed for the Aave community to signal their approval or disapproval of the deployment on BTTC1.

In the discussion, Haave raised questions about the transparency of the DAO Community's operations, particularly regarding its governance forum2. Benson highlighted the potential benefits of integrating TRON USDT with AAVE and noted that TRON USDT has already been mapped to BTTC, suggesting that BTTC support should be unobjectionable3. However, Colin provided a snapshot address without context, leaving its purpose unclear4. The community awaits the results of the Snapshot vote to determine the future of Aave's deployment on BTTC.

Posted 2 years ago

Last reply 2 years ago

Summary updated 2 months ago

Last updated 08/12 04:39