Thank you for the question. Paxos and other parties will be contributing on day 1. Minimum 5 million, more likely 10 million.
We are the team incentivizing the PYUSD/USDC pool on Curve. The idea is to keep yields quite high on Curve. This will create organic borrowing demand for PYUSD on AAVE. So while we don’t intend to provide direct incentives on AAVE we believe our overall incentive strategy will allow for borrowing demand on day 1.
As the market cap of PYUSD grows and borrowing demand follows on AAVE we intend to replicate this strategy with GHO/PYUSD. Clearly this is market dependent but that is our intention at this time.