Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Aaveo’s management now weighs the proposal for the ARFC to bring V3 to Sonic, assisted with $ 63 million liquidity obligations.
Aave (Aave) could head to Sonic, a blockchain-compatible network with EVM from the creator of the phantom, if a fresh management proposal gets support. Sent an Aave Chan 31 initiative on January 3 #8D417 Indicates Sonic’s high transaction speed and a model of division of fees as key incentives for implementation.
If approved by February 4, this move would arrive with $ 63 million liquidity obligations, including a $ 15 million funding pledge from Sonic Foundation, $ 20 million in circular money USD (USDC), up to $ 50 million From Token (about $ 27.15). Aave would also contribute to $ 800,000 in Stabiblecoins.
“Aave has spread to more promising new L1 and L2 EVM networks and is often one of the biggest protocols on these networks. Given the impressive history of the Team Building Sonic and the Innovation he promises, it is a strong candidate for deploying Aave V3. “
ACI
The management process is in the next phase, and the ARFC voice is currently opened. Back in December, the Aave Community approved the initial check to expand to Sonic. If this new proposal passes, it will lead to more detailed risk assessments before the final vote.