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Title: [ARFC] Aave V3 Deployment on Scroll mainnet Author: ACI (Aave Chan Initiative) Created: 2024-01-09

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Summary

Proposal to deploy an Aave v3 MVP to Scroll mainnet with limited assets onboarding and conservative risk parameters in order to allow Aave to establish a strategic position in the Scroll ecosystem while limiting risk exposure.

Abstract

This ARFC proposes the deployment of Aave V3 on Scroll mainnet. Scroll is an EVM-equivalent zk-rollup with the primary goal to provide scalability to Ethereum in the most robust and secure way. Scroll has been open source from day 1, has a strong in-house security team paired with rigorous audits, third party provers from their mainnet genesis block and are conducting a gradual decentralization of our sequencer network.

Motivation

Aave will be given a prominent role in the early Scroll ecosystem and will be able to establish a strategic presence early on. Aave will be in good company as 150+ projects are launching on the network and Aave will be able to harness a vibrant new ecosystem that expands across the globe.

Proof of Liquidity and Deposit Commitments:

Recognizing the importance of stablecoins to the DeFi ecosystem generally and Aave ecosystem in particular, Aave’s expansion onto Scroll mainnet will be supported by immediate liquidity of 500,000 USD in $AAVE staked to the Aave Safety Module to provide additional security guarantees and limit risk exposure to the DAO.

Specification

The proposal will detail the deployment of Aave V3 on Scroll mainnet with three collaterals (WETH, USDC, wstETH) and one borrowable asset (USDC). We consulted Gauntlet and Chaos Labs for preliminary risk parameters.

Deployment Checklist:

• Risk service provider’s feedback

• Technical evaluation

• Oracle recommendation

• The graph support

• Cross-chain messaging infrastructure for governance

Next Steps

1. Gather community feedback on this ARFC.
2. If consensus is reached, escalate this proposal to ARFC snapshot stage.
3. If ARFC snapshot outcome is YAE, escalate to AIP stage.

Disclaimer

The ACI is not presenting this ARFC on behalf of any third party and is not compensated for creating this ARFC.

Copyright

Copyright and related rights waived via CC0.