TechFlow news, July 21 — According to The Block, the Aave DAO recently passed an AFRC vote with 99.8% approval, allowing the Kraken-backed Ink Foundation to launch a white-label lending protocol using the Aave V3 codebase. Under the agreement, the Ink Foundation will receive six months of technical support from the Aave DAO and will provide Aave with revenue sharing of no less than 5% of borrowing volume. In exchange, the Ink Foundation has committed not to collaborate with other lending protocols within 12 months of deployment and plans to attract over $250 million in initial liquidity through a liquidity mining program.
Add to Favorites
Share to Social Media
