The proposal goals to collect neighborhood suggestions and insights as Aave explores the potential for an “MVP” (Minimal Viable Product) mainnet deployment following a profitable testnet deployment on Linea.
The collaboration between Aave and Linea, a scalable Layer 2 resolution constructed on Ethereum’s zkEVM expertise incubated by ConsenSys, holds immense potential for each tasks. Linea, with over 5 years of inside cryptography development and 20 months of devoted analysis and improvement, goals to increase Ethereum’s capabilities whereas prioritizing consumer expertise and on-chain sources. It has solid sturdy relationships with trade leaders comparable to MetaMask, Infura, and Truffle, enabling seamless integration and accessibility.
The motivation behind the protocol’s exploration of a mainnet deployment on Linea stems from Linea’s potential to leverage the distribution channels created by ConsenSys’ product suite. By tapping into MetaMask’s in depth neighborhood of 30+ million month-to-month energetic customers, Linea gives Aave v3 a novel alternative to succeed in a broader viewers and improve consumer comfort. The proposed integration encompasses varied product choices, together with on/off ramps, MetaBridge, MetaMask Swaps, the Portfolio dApp, and the MetaMask SDK, offering quite a few avenues for incorporating the protocol.
A number of key advantages await the protocol with a possible mainnet deployment on Linea. Firstly, the institution of Aave v3 markets and the mixing of GHO (Aave’s governance token) on Linea would open up an unlimited and well-established consumer base of over 30 million customers throughout the ConsenSys product suite. This strategic alignment would facilitate smoother distribution and adoption of the protocol’s markets and $GHO, finally contributing to the protocol’s development and visibility. Moreover, Aave would have the excellence of being a Linea launch companion, getting access to ConsenSys’ in depth advertising and marketing initiatives, companion highlights, and elevated presence all year long.
To make sure transparency and neighborhood involvement, the Linea workforce is actively exploring choices for incentives, comparable to contributions to Aave’s Security module and sequencer rebates for the protocol. Whereas particular particulars are but to be finalized, the Linea neighborhood can count on updates on these incentives because the proposal develops additional within the coming weeks.
It’s necessary to notice that this proposal is just not closing and shall be up to date as technical implementation methods and suggestions turn out to be accessible. The protocol intends to develop the proposal transparently, permitting for insights and suggestions gained from ongoing testnet deployments to form the ultimate plan. Whereas no mounted timeline has been introduced, the workforce anticipates progressing discussions to subsequent phases of governance by mid-to-late August.
Because the Aave neighborhood and Linea collaborate on this thrilling initiative, the proposal holds immense potential for the growth and solidification as a number one DeFi protocol. The combination with Linea’s scalable Layer 2 resolution, coupled with ConsenSys’ distribution channels and Linea’s dedication to decentralization, opens new avenues for development, consumer engagement, and market share seize.
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