Aave v3 remains the top lending protocol on L2 networks like Base and L1s like Avalanche. To continue synergies and growth across chains, ACI is proud to announce the start of “Endless Summer,” which will continue incentive programs on a wide range of Aave deployments. These include over $100k USDC per month in incentives to Aave users on Base and 13k AVAX per week for users on Avalanche.
The addition of Superfest incentives and weETH has been a success on Base, pushing Aave forward to remain the largest lending protocol on the network. To continue momentum, the ACI, growth service provider for Aave DAO, has championed a proposal that will allocate Merit program incentives as well as additional incentives given by Optimism Foundation. These include incentives from Superfest and Optimism’s Retro Grants Round 4.
The incentives will start with $100k USDC, allocated by the DAO as incentives for users of Aave v3 on Base. Aave DAO has voted to continue these incentives for 3 months with the option to extend based on growth on the network.
Avalanche Foundation has also pledged 13k AVAX per week, which is being distributed to suppliers and borrowers on Aave v3 on Avalanche.
Marc Zeller, ACI founder said, “Aave continues to grow across chains. With GHO expansion and the upcoming Umbrella program and targeted additional incentives Aave v3 is the clear top choice for users on any chain.”
Aave plans capitalize on the growth potential of these ecosystem by deploying GHO and starting the Umbrella coverage program.The “Endless Summer” incentive program starts today, and is open for further extensions based on governance votes and additional partnerships.
About Aave
Aave is a decentralized finance protocol that allows users to lend and borrow cryptocurrencies. By leveraging blockchain technology, Aave provides a transparent, secure, and efficient way for users to earn interest on their digital assets and access liquidity.
Aave DAO person of Contact:
ACI: [email protected]
Marc Zeller - Founder, ACI.
Telegram: @Lemiscate