TL;DR:
The Curve team proposed integrating their governance token, CRV, into the Aave platform, a move largely supported by the community due to CRV's strong performance on other platforms and Curve's significance in the DeFi sector. A conservative initial Loan-to-Value (LTV) ratio was suggested, with expectations of increased liquidity over time.
The discussion primarily focused on the Curve team's proposal to integrate their governance token, CRV, into the Aave platform. Curve, a prominent decentralized exchange (DEX) on Ethereum, uses the CRV token to enhance rewards for liquidity providers and distribute a portion of trading fees. The token has demonstrated robust borrowing demand on other platforms, with lending APYs consistently exceeding 50%1.
Charlie_eth provided a wealth of resources for further understanding Curve, including its official website, DAO, governance forum, help and FAQ, and audits1,2. He also pointed out that the Curve DAO, a fully decentralized Aragon DAO, has undergone three audits. It boasts approximately 12,000 holders and 2,600 governance participants1.
Several community members, including Jongalt and Dux, voiced their support for the proposal, emphasizing Curve's significance in the DeFi sector3,4. Julien proposed a conservative Loan-to-Value (LTV) ratio of 33-40% to start, with the expectation of increased liquidity over time. He also observed that CRV has experienced strong borrowing on Cream with high interest rates, a trend likely to shift to Aave5.
In conclusion, the community appears to be largely in favor of the proposal to integrate Curve's CRV token into the Aave platform. The token's strong performance on other platforms and Curve's importance in the DeFi sector were highlighted as key reasons for this support. However, a cautious approach was suggested for the initial LTV ratio, with the anticipation of improved liquidity in the future.
Posted 3 years ago
Last reply 3 years ago
Summary updated 2 months ago
Last updated 06/12 00:44