[ARFC] Deploy Aave v3 on Plasma

Governance
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[ARFC] Deploy Aave v3 on Plasma

Author: ACI

Date: 2025-03-15

Simple Summary

This ARFC proposes the deployment of an Aave V3 Instance on Plasma.

Motivation

Plasma is a high-performance, scalable, and secure blockchain purpose-built for stablecoins. Built from the ground up, it delivers zero fees, lightning-fast transactions, and the robust security that stablecoins like USD₮ require.

The network offers a performant location to the deploy the Aave protocol, and the Plasma team are planning to support Aave’s launch on the network.

Specification

Risk Parameters will be provided by Risk Service Providers during the ARFC stage and ARFC will be updated accordingly.

POL and Incentives

Upon confirmation of the Aave deployment on Plasma, the Plasma Foundation will:

  • Supply 10M USDT
  • Ensure that in any future incentive campaign, Aave is the only lending protocol receiving incentive distributions.
  • Integrate and boost adoption of the GHO stablecoin within its ecosystem, targeting real-world and institutional use cases.
  • Collaborate with liquidity providers, institutional capital allocators, and partners to expand supply in Aave v3 for BTC and USDT.
  • Offer Aave DAO or ACI an opportunity to serve as an early validator, thereby securing the Plasma Bitcoin bridge and participating in consensus.
  • Have Aave DAO redistribute any airdrops or incentive distributions from the Plasma ecosystem to protocol users through liquidity mining.
  • Entrust ACI, on behalf of Aave DAO, to manage any liquidity mining campaign on a Plasma Aave V3 deployment.

Useful Links

Disclaimer

This proposal is powered by Skywards. ACI is not directly affiliated with Plasma and did not receive compensation for this proposal.

Next Steps

  1. Publish an ARFC to continue gathering community and Service Providers feedback.
  2. Escalate proposal to ARFC Snapshot.
  3. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.

Copyright

Copyright and related rights waived under CC0.

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LlamaRisk is in close contact with Plasma’s team to clarify details on the network before issuing a recommendation to voters. At this stage there is insufficient information available to emit an opinion. The developmental state of this network requires a high touch risk process and LlamaRisk is grateful for the reactivity of stakeholders proposing this change.

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Recommendation

After reviewing the current state of the Plasma network, we note that it remains in a very early stage of development, with no public testnet, mainnet, or accessible on-chain data. As such, we are unable to provide any asset listing or parameter recommendations at this time. While a high-level technical overview of Plasma has been published, we will publish a comprehensive analysis once the forthcoming whitepaper and additional protocol documentation are available to support a more thorough and informed evaluation. Chaos Labs will continue to monitor the development of the Plasma network and will provide recommendations once sufficient technical details and market data are available.

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