LBS Blockchain Society Delegate Platform

[TEMP CHECK] Aave V3 Deployment on Base

Vote Result: YES

Rationale

As a new Layer 2 solution built on the OP Stack and incubated by Coinbase, thus potentially providing access to its huge user base (110M+) and asset base ($80B+), it makes sense for Aave to deploy on Base. This captures the growth and interest of Coinbase users and opens up numerous revenue opportunities for Aave. Right after the announcement of Base, there has been a lot of user activity on the chain which has the potential to introduce new, valuable users to DeFi and Aave. Base has also shown impressive retention for a blockchain, with ~70,000 unique wallets returning to Base for subsequent transactions within one day. Deployment on Base enables also DeFi rails for Coinbase. Therefore, we will vote YES in favour of this proposal.