BGD. Aave v3 Ethereum. New deployment vs Aave v2 Upgrade

Upgrading the Aave Protocol Ethereum V2 to V3 market directly would have indeed created some seamless experiences for the users, at the same time creates an event that would require lot of security procedures and places substantial assets at risk. While I would personally like to see the upgrade to happen, I lean towards finding more benefits on creating a completely new market for the following reasons:

  • Saves time and resources (can be allocated in other parts of the protocol)
  • Gives the Aave community also an opportunity to review the assets within the protocol
  • Assets could support GHO growth strategy (inc. liquidity mining)
  • Most importantly, new market would be more safer solution and adds less risk
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