Odaily Planet Daily News The Snapshot page shows that the Aave community is about to open a temperature check vote for the proposal of "deploying Aave V3 to Celo".
According to the proposal, the Celo Foundation will allocate 0.5% of CELO's circulating supply as an incentive for Aave users to support Celo's adoption and lead growth. The Celo Foundation can also support Aave DAO to establish a verified node for the Celo network (subject to technical requirements and voted by the community), and Celo can provide funding for this.
The Mento protocol on Celo proposes to return 120 million CELO to the Celo community fund, and the Celo community has expressed interest in depositing it in Aave to increase CELO's on-chain liquidity (pending the governance process). Additionally, they are proposing a $10 million CELO/wETH pool on Uniswap, pending CELO governance.
In the longer term, Celo x AAVE deployments have the potential to expand to natural capital-backed assets such as tokenized carbon credits and other ReFi assets (subject to rigorous liquidity and credit assessments by Chaos Labs and others).
The voting will end on August 17. If passed, it will enter the ARFC stage for further discussion, risk parameter assessment network analysis and finalization of the proposal. If the ARFC phase snapshot is successful, the proposal is submitted as an AIP for voting and on-chain governance approval.