Raising a few consideration points:
- V3 is revenue making and sunset/adjusting parameters should start between 12-18 months at the very least OR/AND when v4 reaches a milestone such as $15B deposits and a stress test (TBD) is passed.
- While a holistic temp check gives a strong overvirw of direction, each component is important (v4 ratification, DAO foundation, revenue grant etc). Therefore suggesting a separate proposal for each post this temp check.
- AAVE Labs has been mostly self funded till date. Acknowledging their efforts in making AAVE from ETHLend. New chapter ‘AAVE will win’ is an attempt to align DAO, token holders, service providers, AAVE Labs and future institutions and developers. The opportunity is huge for tokenization beyond Defi and AAVE Protocol is capable of absorbing RWA tokenization. Therefore like any other honest initiative, I personally look forward towards collaboration between DAO, token holders and AAVE Labs so all can be winners.
- Lets not get caught up in the NOW and lets not ignore the story: ETHLend → AAVE v1 → AAVE v2 → AAVE v3 → AAVE v4 → AAVE Store where Fintechs, Banks and Insitutions can spin up their own use cases and bring on RWA tokenization. Funding is required to achieve RWA by AAVE Labs, yes it may not be optimal at the moment, but the opportunity for RWA tokenization on v4 will require funds. With all $ coming to DAO, i suggest the DAO commits to the ask by AAVE Labs and fine tunes funds after a year. It may as well result in reduction of funds for the next year or vice versa depending on progression and achievements.
- I assume that institutions, banks and fintechs are interested in the direction the DAO takes for them to commit their resources and funds in future on AAVE Protocol.
Defi has won!
AAVE v1, v2, v3 have won!
AAVE v4 and beyond will win!