Here are some key figures on liquidity:
- TVL: 74k ETH
- Immediate withdrawal liquidity: ~19k ETH Puffer Vault
- Onchain liquidity: ~1.8k ETH
- Current APY today: 3.89%
One of the main drivers of LRT and LST protocol’s growth has been the leverage that AAVE provides, as demonstrated by platforms like Lido, EtherFi, and Kelp, as well as significant value generation for AAVE.
We are allocating up to 10% of our Season 2 airdrop (CARROT and PUFFER tokens) to AAVE, currently valued at $6.7M(Carrot (CARROT) Token Tracker | Etherscan) which does not include the extra benefits users can get after participating in the lending activity.
As LlamaRisk has mentioned, we are safe to integrate with AAVE in terms of both liquidity and onchain liquidity. The only downside is the current demand which will be resolved through our innovative incentive program.
To provide more options to users and diversify risk, similar to Rocketpool VS Lido, I believe it would also be beneficial for AAVE to list the only permissionless LRT.