Big morning for Aave - first this, then GHO on Tesnet…
I’ll start by giving you my congratulations on the development of Spark Lend - as a Maker delegate as well its refreshing to see folks committed to renewing the lending opportunities for Maker.
Looking at these products side by side, it is a fork and clone of Aave.
I am glad you are coming to the forum, and acknowledging the role Aave’s FFOS played in the build. Without doing such, it feels like there would have been some frustration.
There is overlap in the markets offered - but difference in the UX. Hyperdrive seems like an interesting integration to create for a cleaner, fixed-rate borrowing. For markets offered (at launch), see below:
- DAI
- ETH [E-Mode Enabled]
- Lido wstETH [E-Mode Enabled]
- WBTC
- Savings DAI (DSR-locked DAI) [Collateral Only]
This was outlined in a post in the MakerDAO forum, here.
Anyways - to comment on your proposal, we too would opt for option #1:
- Entire profit share direct payment in DAI to the Aave Treasury at address
0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c