Ink Foundation Proposes Deploying a White-Label Version of Aave 3 on the Ink Chain, Pledges $250 Million in Liquidity Mining and Other Incentives

Foresight News reports that the Ink Foundation has initiated an ARFC proposal in the Aave community, suggesting the deployment of Aave 3 on Ink. Unlike Aave deployments on other chains, the proposal states that Ink will feature a white-label version centrally managed by the Ink Foundation, without the need for a governance token (name to be determined), but will use the "Powered by Aave" branding. The Ink Foundation has committed to providing incentives, including liquidity mining, to attract over $250 million in supply. Four percent of the "future governance token" supply will initially be allocated for these incentives. The Ink Foundation will make this its sole on-chain lending focus and will refrain from collaborating with other lending protocols for at least 12 months.