Aave proposal to launch centralized lending on Kraken’s Ink moves to next phase
Main Idea
Aave's community approved a proposal to license a centralized version of its lending protocol for deployment on Kraken’s Ink blockchain, aiming to expand technology adoption and tap into institutional lending markets.
Key Points
1. Aave’s community approved an ARFC with 99.8% votes in favor to license a centralized version of Aave v3 for Kraken’s Ink blockchain.
2. The next step involves drafting an AIP for an onchain vote to proceed with the deployment.
3. Kraken’s Ink blockchain, launched in late 2024, is designed as a compliant layer-2 platform for tokenized assets and institutional DeFi.
4. The Aave DAO would receive a share of at least 5% based on borrow volume in all pools, potentially generating new revenue streams.
5. Aave’s TVL recently reached $40.3 billion but has since dipped to $33.5 billion, placing it second behind Lido in DeFi rankings.
Description
Aave’s community overwhelmingly approved a proposal to license a centralized version of its lending protocol for deployment on Kraken’s Ink blockchain.
Latest News
- Bitcoin liquidity wars carry on, but BTC price target remains $140K2025-07-22 22:46:12
- Bitfarms to buy back 10% of shares, calls stock undervalued2025-07-22 22:45:41
- Crypto confusion: 50% of non-investors don’t understand it well enough to buy2025-07-22 22:28:43
- Price predictions 7/22: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE2025-07-22 21:57:24
- Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec2025-07-22 21:24:58