The first proposal of the WLFI community was approved and the Aave v3 instance will be deployed on the Ethereum mainnet
PANews reported on December 13 that the World Liberty Financial governance page shows that the WLFI community vote has passed the first proposal, which will deploy a lending instance based on Aave v3 on the Ethereum <mainnet>. The instance will support lending of ETH, WBTC, USDC and USDT, and will be managed through the Aave risk management system.
The WLFI protocol aims to provide a seamless experience for users new to <DeFi>, promote the adoption of overcollateralized lending, and enhance Aave's leadership in the digital asset lending market. The AaveDAO will receive 20% of the protocol fee revenue from this instance as well as 7% of the $WLFI token, for governance participation and liquidity incentives.
