Aave Community Largely Supports Licensing Centralized Protocol on Kraken’s Ink Blockchain

Key Points

1. Aave’s ARFC to license a centralized version of Aave v3 on Kraken’s Ink blockchain was approved by 99.8% of the community, aiming to expand institutional lending and create new revenue streams.

2. The partnership includes a revenue-sharing model where the Aave DAO will receive a minimum of 5% based on borrow volumes, ensuring community benefits.

3. Kraken’s Ink blockchain will provide compliant layer-2 infrastructure, with over $250 million committed to incentivize early liquidity.

4. Despite a recent dip in TVL, Aave remains a dominant player in DeFi lending, ranking second behind Lido.

5. This collaboration aims to bridge DeFi with regulated financial ecosystems, enhancing institutional adoption and compliance.