Aave is the leading cross-chain lending protocol by all relevant KPIs, i.e. TVL, supplied, and borrowed assets. With the latest version (v3) present on ten networks, Aave Protocol currently generates revenue across ten networks and 18 deployments (v1, v2 incl. Centrifuge and ARC, v3 incl. Spark), consolidating a cross-chain treasury that's now worth around $130M.
Aave developed GHO as a stablecoin native to the ecosystem and controlled by Aave Governance. Technically, GHO is a collateral-backed stablecoin minted by users who lock up collateral assets in Aave's v3 protocol.
All these developments led to impressive growth and an increasing complexity in managing AaveDAO's finances.
karpatkey’s commitment, approved by AIP-407 is to act in collaboration with TokenLogic on the following:
Our scope encompasses:
karpatkey will act to ensure that AaveDAO's treasury is managed to ensure the DAO's perpetuity and to support current and new growth initiatives in Aave's Ecosystem.