Aave to proceed with $63m expansion to Sonic following positive temp check vote

Aave’s governance now weighs a proposal from the ARFC to bring V3 to Sonic, supported by a liquidity commitment of $ 63 million.

Ghost (GHOST) could go to Sonic, an EVM compatible blockchain network from Fantom creators, if a new governance proposal obtains support. Submitted by the Aave Chan initiative on January 31, the request for comments Aave # 8D417 Underlines the model of transaction speed and high transaction sharing of Sonic as key incentives for deployment.

If it is approved by February 4, this decision will be delivered with a liquidity commitment of $ 63 million, including a finance commitment of $ 15 million from the Sonic Foundation, $ 20 million in USD room of Circle (USDC), and up to 50 million tokens (approximately $ 27.15 million). Aave would also contribute $ 800,000 in stablecoins.

“Aave has deployed new L1 and L2 networks on several promising networks and is often one of the largest protocols in these networks. Given the impressive history of the team that builds Sonic and the innovations he promises, he represents a solid candidate for the deployment of Aave V3. »»

ACI

The governance process is at its next step, with an ARFC vote currently open. Back in December, the Aave community approved The initial temporary verification to develop in Sonic. If this new proposal is adopted, it will lead to a more detailed risk assessment before a final vote.