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The Aave DAO is considering committing to the Ethereum Mainnet, which uses Proof of Stake (PoS), over any Ethereum fork using an alternative consensus like Proof of Work (PoW), due to Ethereum's core transition from PoW to PoS. The final decision, influenced by the feasibility of maintaining a viable Aave Market on any Ethereum fork and technical considerations, will be determined through a governance vote.
The Aave DAO is contemplating a commitment to the Ethereum Mainnet, which operates under the Proof of Stake (PoS) consensus, over any Ethereum fork running an alternative consensus such as Proof of Work (PoW). This decision is influenced by Ethereum's core transition from PoW to PoS. The Aave Protocol code, a crucial component of the DeFi ecosystem, has been tested and proven to be fully functional following the Ethereum consensus change. The community generally agrees that maintaining a viable Aave Market on any Ethereum fork running an alternative consensus is virtually unfeasible. The DAO's official stance on this matter will be decided through a governance vote1.
BGD Labs concurs with this viewpoint, asserting that it is not feasible to disregard Ethereum PoS as the canonical Ethereum. They advise against executing any on-chain action related to any type of PoW fork. They also caution that there is no infrastructure assurance on any potential fork, hence current users of Aave Ethereum should avoid transactions in a non-PoS Ethereum. From a technical and practical standpoint, they argue that there is no substance on any potential non-PoS fork of Ethereum post-merge. Therefore, it should be implicit that Aave "accepts" PoS Ethereum, as it is the only Ethereum3.
In conclusion, the discussion revolves around the transition of Ethereum from PoW to PoS consensus and its implications for the Aave Protocol. The consensus is that Aave should align with the PoS Ethereum, considering it as the canonical Ethereum. The final decision will be made through a governance vote.
Posted a year ago
Last reply a year ago
Summary updated 2 months ago
Last updated 04/12 00:18