- Aave holders vote to deploy the ink protocol code.
- This version of Aave will have a new name and will be checked in the center.
- The proposal was greeted by almost universal support.
Aave, the largest Defi loan protocol should be launched on Kraken ink blockchain.
The Aave Dao proposal, created on July 17, aims to deploy a centralized version of the Aave loan market on Ink. The new protocol will be checked by the INK Foundation under a new name, with part of the income dating back to the DAO.
“By granting a license to deploy a centralized version of the AAVE code base, Aave can extend its adoption of technology while creating new sources of income through partnerships with innovative platforms,” said the proposal.
At a time when deposits in Loan Defi protocols reach record heights, Ink seeks to exploit this market and take advantage of the Aave code.
Aave currently controls approximately half of the $ 65 billion loans market, according to Defillama. With nearly $ 32 billion in deposits, it is currently the Secod-Large DEFI protocol.
Ink blockchain
Kraken, the centralized exchange based in the United States, launched his layer 2 blockchain ink in December 2024.
The launch encountered little enthusiasm, causing less than a million dollars in deposits during the first month.
With more than two dozen protocols, the chain has not yet become a major player in the landscape of the competitive layer 2. Friday, the protocols on Ink had just over $ 9 million in deposits, placing the Blockchain well outside the Top 100.
Volumes on decentralized scholarships on INK also disappointed, going from a peak of around 195 million dollars in May to $ 67 million in June.
Other layers 2 supporting centralized exchanges have been more successful. The Coinbase base has more than $ 5.7 billion in deposits while the Bybit coat has more than $ 250 million.
To reverse this trend and encourage new users to join the blockchain, the INK Foundation in June announced the next version of an INK token, as well as several incentives for blockchain users.
“The first use case for ink tokens will be built around a liquidity protocol powered by Aave,” said the foundation.
“To reward early use, ink tokens will be distributed to the participants of the liquidity protocol through an aerial platform.”
Among the incentives are several “liquidity extraction” programs, according to the Aave proposal. These programs should attract $ 250 million compared to Aave deployment still to appoint in Ink.
Initially, 4% of the total supply of ink tokens was allocated to users of the new AAVE loan platform. In addition to that, the Aave Dao will allocate part of the Aave tokens and its stable GHO like more incentives for Bootstrap.
The INK Foundation has agreed to work exclusively with Aave for at least 12 months after deployment, abstaining from communicating or integrating into any other loan protocol.
Currently, the proposal receives almost universal support from the Aave community, receiving around 412,000 votes in favor, against only 1,600.
The vote ends on July 21.
Zachary Rampone is a DL News correspondent. Do you have a tip? Contact him to zrampone@dlnews.com.
