Aave DAO proposes freezing some inactive Aave V3 chains and setting a revenue threshold for new deployments.

This article is machine translated
Show original
Aave DAO has released an ARFC proposal, "Focussing the Aave V3 Multichain Strategy – Phase 1," proposed by ACI. This proposal serves as a continuation of the previously approved TEMP CHECK, aiming to tighten management of Aave V3 multichain deployments. The first phase plans to freeze Aave V3 instances on the zkSync, Metis, and Soneium networks, citing low long-term utilization, TVL, and revenue contribution, while still consuming governance and operational resources and creating risk exposure. Simultaneously, the proposal stipulates that any future new Aave V3 deployments must be supported by a minimum annual revenue commitment of $2 million from the target chain to ensure that deployment costs, risks, and returns are commensurate.

Source
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.
Like
Add to Favorites
Comments