TEMP CHECK: Aave V3 Deployment on the Spiderchain (Botanix Labs)

Governance
3

Very much in favour of this proposal! Some reasons why:

  • Onboarding more ‘pure’ (i.e., decentralized) forms of BTC into the Aave ecosystem is necessary,
  • Botanix has onboarded Tier 1 DeFi protocols already;
  • Bringing more BTC holders to Aave will even further broaden the reach of the protocol by bringing in a differentiated user base;
  • Integrating GHO is at the core of the proposal and amplifies the core KPI the Aave ecosystem should be targeting: higher GHO borrow volume;
  • $20M in BTC commitments to Aave upon mainnet launch;
  • Availability of Chainlink feeds on Day 1, which is even more crucial in this case.

The above points are more than enough reason to take this proposal through to the ARFC stage and have it assessed by Aave’s risk providers.

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