The ACI is conflicted about this proposal.
Pros:
- We are strong supporters of diversity and believe that Metis is a legitimate project with a dedicated team.
- Metis has a thriving ecosystem of native dapps and developers, which is a positive sign.
- Metis is a Layer 2 (L2) platform, and we support diversity in the L2 space. This also means that the risks to the Aave protocol would be lower on Metis than on an alternate L1 platform.
Cons:
- The TVL and liquidity on Metis are relatively low at the moment, with just $91 million according to L2beat. This means that the market potential for the Aave protocol on Metis may be limited.
- The current bear market has caused numbers to drop across the board, so the business potential for Aave on Metis may not be worth the additional risks and bandwidth allocation.
- Some concerns have been raised about the intrinsic infrastructure of Metis, and while we believe the associated risks are low, they should still be considered.
For these reasons, we are inclined to vote ABSTAIN in the snapshot. However, we are ready to switch to a more supportive vote in the future if conditions improve.