The inimitable Aave, that paragon of decentralized finance, has taken a most…enlightened step towards embracing the warm, fuzzy glow of centralization 🤝. A proposal to launch a whitelabel version of its service on Kraken’s Ink blockchain has been met with a resounding 99.8% approval from the community – a figure that would put even the most ardent of totalitarian regimes to shame 😂.
An Aave request for comment (ARFC), that most thrilling of bureaucratic exercises, was duly approved, paving the way for the next phase: the drafting of an Aave improvement proposal (AIP) that will be voted onchain, because what’s a little decentralization without a dash of onchain voting, eh? 🗳️
The ARFC averred that “by granting a license to deploy a centralized version of the Aave (AAVE) codebase, Aave can expand its technology adoption while creating new revenue streams” – a statement that reads like a cross between a corporate press release and a hostage note 📝.
Aave, characteristically, had not responded to a request for comment by publication time, leaving one to wonder if they’ve been spirited away to a secret location, there to be indoctrinated in the dark arts of centralization 🔮.
Kraken’s Ink blockchain, unveiled in late 2024 with all the fanfare of a damp squib, aims to serve as a compliant layer-2 platform for tokenized assets and institutional DeFi – because, of course, the only thing the world needs is another layer-2 platform 🤔.
Aave’s Foray into the Institutional Lending Market
The proposal states that this partnership could be “an opportunity for Aave to expand its influence in the institutional lending space” – a prospect that sends shivers down the spine, rather like the thought of a polite, well-mannered sociopath 🤝.
The Aave DAO would receive a share “greater than or equal to the equivalent of a Reserve Factor of 5% based on borrow volume in all pools” – a sentence that reads like a cryptic message from a secret society 📜.
“The Ink Foundation has committed significant incentives to bootstrapping this instance. This includes multiple liquidity mining programs that are expected to bring over $250m in early supply to the instance.”
Aave’s Trajectory: Upwards, Downwards, and Sideways
The announcement follows Aave reaching a total value locked (TVL) of $40.3 billion in mid-May – a figure that has since dipped to about $33.5 billion, placing it a respectable second behind liquid staking platform Lido, which holds $34.3 billion in assets 📊.
Read More
- How to Get the Bloodfeather Set in Enshrouded
- The Best Members of the Flash Family
- Best Controller Settings for ARC Raiders
- The Pitt Season 2, Episode 7 Recap: Abbot’s Return To PTMC Shakes Things Up
- 4 TV Shows To Watch While You Wait for Wednesday Season 3
- Every Targaryen Death in Game of Thrones, House of the Dragon & AKOTSK, Ranked
- Goat 2 Release Date Estimate, News & Updates
- Where Winds Meet: How To Defeat Shadow Puppeteer (Boss Guide)
- One of the Best EA Games Ever Is Now Less Than $2 for a Limited Time
- Best Thanos Comics (September 2025)
2025-07-21 18:29