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[TEMP CHECK] Aave V3 Deployment on the Spiderchain (Botanix Labs)

Vote Result: YES

Rationale

As we said in our response to the forum post, we are very much in favour of this proposal and will vote YES for the following reasons:

  • Onboarding more ‘pure’ (i.e., decentralized) forms of BTC into the Aave ecosystem is necessary,
  • Botanix has onboarded Tier 1 DeFi protocols already;
  • Bringing more BTC holders to Aave will even further broaden the reach of the protocol by bringing in a differentiated user base;
  • Integrating GHO is at the core of the proposal and amplifies the core KPI the Aave ecosystem should be targeting: higher GHO borrow volume;
  • $20M in BTC commitments to Aave upon mainnet launch;
  • Availability of Chainlink feeds on Day 1, which is even more crucial in this case.