Karpatkey Delegate Platform

Voting Actions: August 7th – 11th

Proposal: [TEMP CHECK] Aave V3 Deployment on Celo
Vote: Yae
Reasoning: We voted in favor of this temp check. We believe that the deployment of Celo would benefit Aave for the following reasons:

  • Celo is incentivising liquidity on Aave (with 0.5% of CELO supply), which increases the possibility of bootstrapping liquidity;
  • With this deployment, AAVE can become a leading lending protocol on Celo while also contributing to the diversity of protocols available on this chain; and
  • This deployment could be a stepping stone for a future GHO launch on Celo, as this chain has few choices for stablecoins.