[ARFC] Deploy Aave on Soneium
Vote Result: YES
Rationale
This is the ARFC for this Snapshot TEMP CHECK that we voted in favour of according to our rationale here. Furthermore, both risk providers support the proposal.
Soneium’s user activity and TVS has increased gradually since launch, and there is a clear focus on mainstream adoption via existing IP, reflected by the focus on IP protection in SBS Labs’ T&Cs, which could allow Aave to expand to more real-world use cases. A concern for us is that liquidity is still low on Soneium and revenue opportunity at the moment is limited; in terms of risk, however, the liquidity issue can be mitigated by listing only stablecoins and WETH for the moment. Therefore, we will vote YES in favour of this proposal.