Aave neighborhood has voted to approve the proposal relating to the implementation of a brand new aToken primitive known as “Staked aTokens”, and the addition of Balancer BPT (Balancer Pool Tokens) as collateral.
The proposal would enable for the usage of LP tokens from ve-based protocols, like Balancer or Curve, as collateral whereas collaborating in these protocols’ ecosystems. LP tokens are locked at their corresponding gauges, producing elevated rewards which might be distributed to LP token suppliers to Aave.
The proposal suggested Aave to combine with Balancer first and to just accept BPT (Balancer Pool Tokens) as collateral. To execute the proposal, Aave Firms would deploy a sensible contract named BalancerVeRouter, which might enable the governance to show BPT into veBAL, take part within the gauge weight voting, and declare Balancer Protocol income instantly inside the Aave DAO Treasury.
The income can be distributed to BPT suppliers in order that they might get elevated rewards.
Based on the proposal, 99.99% of the voting energy selected to help the proposal. After approval, it’s going to launch a proposal within the Balancer neighborhood to be allowed by BalancerDAO.
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