Aave founder: If the proposal in the Uniswap community is passed, it will provide a sustainable source of income for the two DAOs

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According to Foresight News, Aave founder Stani Kulechov stated that if the Aave Labs proposal to launch a Uniswap V4 position manager is approved, it will establish cooperation between the two DeFi protocols and provide a sustainable income source for both DAOs.

Previously reported by Foresight News, Aave Labs initiated a proposal in the Uniswap community to launch a dedicated Uniswap V4 position manager, allowing users to use Uniswap V4 liquidity providing (LP) positions as collateral to borrow GHO, while creating an income-sharing model for both DAOs. The proposal suggests extracting 50% of GHO borrowing profits from the total value of LP shares borrowed through this module, with these profits automatically deposited into the Uniswap protocol fee collector address.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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