This is great! However, I’m not sure it’s really “worth” it, at least right now. Aave has a lot up its sleeve, and I firmly believe that the features being developed are going to prove to be more than enough incentive.
With that said, it’s true that having liquidity providers/borrowers earn rewards could both bootstrap migration (but this is going to be achieved regardless) as well as increase TVL and adoption, which is obviously a fantastic thing!
Truth be told, I’ve got to give liquidity mining more thought, but as I see it in its current state, the ecosystem reserve is an incredibly powerful tool that we’ve got to use wisely. I believe it should be used to support the safety module (until it becomes self-sustaining), as well as support community developers and contributors. This is the ethos of DeFi.
On the other hand, garnering increased adoption now could be a game-changer. These are the early days of DeFi, and we’ve got to be on top of our game.
Overall, the question is- does the short term benefit outweigh the potential use for that AAVE? Keep in mind that LPs and borrowers are important parts of the ecosystem, but devs and community members are the driving force.
I’ll be giving this more thought, but, one thing’s for sure- I’d like to see a grants program first!