# Areta Delegate Platform

**URL:** <https://governance.aave.com/t/areta-delegate-platform/16780>\
**Category:** Delegate Platforms\
**Created:** [February 28, 2024, 6:27pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780 "2024-02-28T18:27:49Z")\
**Posts on this page:** 1\
**Showing post:** 130

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**Author:** ![sid\_areta](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/sid_areta/32/5220_2.png) [@sid\_areta](https://governance.aave.com/u/sid_areta)\
**Post date:** [May 16, 2024, 5:07pm UTC](https://governance.aave.com/t/areta-delegate-platform/16780/130 "2024-05-16T17:07:24Z")

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**[ARFC] Aave V3 Deployment on Celo**

_Vote Result_: YES

_ **Rationale** _

We will vote YES in favour of this proposal for the following reasons:

- Celo is a chain which has a differentiated user base to that of Aave with a lot of DAU which can be brought to Aave.
- They have access to a lot of users who hold stablecoins in the Opera MiniPay wallet and have a need for yield which they will aim to natively integrate with Aave, potentially bringing a lot of usage.
- They have earmarked funds for incentives for activity, higher than any other protocol that Aave is looking to deploy on has in the past.
- Their focus on RWAs is great and it aligns well with what is outlined in Aave v4 and Aave 2030.
- They are much more ‘value-aligned’ now as an L2 rather than another L1.
- There is a lack of competition especially for USDC and USDT on Celo which will immediately position Aave as the leader on Celo.
- Chaos Labs has provided appropriate risk parameters for the proposed assets.

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_[View the full topic](https://governance.aave.com/t/areta-delegate-platform/16780)._