Aave community preliminarily approves the proposal to deploy Aave V3 on Celo

05/20 07:47

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Snapshot page showed that the Aave community voted in favor of the ARFC proposal "Deploying Aave V3 on Celo" with a support rate of 99.91%. The proposal suggests deploying Aave on Celo to expand Aave's real-world lending and green asset collateral to global users, and provide incentives to guide liquidity. After approval by the Aave community, Aave will be deployed on Celo and suitable assets will be selected as collateral, including CELO, USDC, USDT, cUSD, and cEUR. This deployment will provide $3 million in incentives over 3 years (extendable) directly by the Celo Foundation or through ecosystem partners.

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