Saucy Block Delegate Platform

[SaucyBlock]

ARFC Aave V3 Deployment on Celo

Vote: YAE

@SaucyBlock

We are supportive of deploying Aave V3 to Celo for the following three reasons:

• Given that Celo targets mobile users, Aave is likely to attract a new user base by deploying Aave V3 on Celo. Additionally, the Celo ecosystem is highly diverse, and the integration with Aave V3 is expected to create many positive-sum.
• The Celo Foundation is positive about a partnership with Aave, as evidenced by their commitment to a $3 million incentive program* and grants of $15,000 (as deployment costs).
• As Aave V3 Fork does not exist on Celo, the deployment of Aave V3 can offer Celo users a new lending market experience

*We believe that committing to a three-year incentive is not a wise decision in this industry, and we recommend to the Celo Foundation that they concentrate the majority of the incentives in the first year instead.