APIR 11 : aBUSD integration (4th Winelisting)

Project presentation:

· Protocol: Aave X Binance USD

· IBT requested (Name and ticker of the asset): Aave interest bearing BUSD (aBUSD)

· IBT contract address: https://etherscan.io/token/0xa361718326c15715591c299427c62086f69923d9

· Current TVL on the requested IBT: $17.56M

· Current TVL of the protocol: $18.7B

· Twitter/Discord links: see below in replies

· Audits link : Security & Audits - Developers

· Supported chain: Ethereum

Simple summary:

This proposal aims to integrate another layer of the Aave protocol to the 4th winelisting event, by bridging with the aBUSD market created around Aave and bringing the APWine yielding advantages to it.
Aave is a protocol live since January 8th on Ethereum Mainnet, and never stopped expanding since.

Making the aBUSD token join the wine listing event would create additional yield possibilities for both communities, so this proposal aims at proposing its integration to APWine.

Rationale:
Increasing the number of pools available on APWine would benefit the protocol as it would diversify the options proposed to tokens’ holders, thus increasing the number of potential people who could use it.

Moreover, it would create bridges between unbridged communities and therefore act as a crossroads between them: specifically, integrating several Aave pools can turn APWine into the main protocol to use when doing yield over Aave.

To push this idea forward, we could create a POAP that would be distributed not only to the people who voted for this proposal but also to any voter who voted for an Aave-related IPR.

Finally, there are mutual interests for both protocols to accept this proposal:

Benefit of this integration for Aave protocol

· Additional yield opportunities for the community or the protocol treasury

· Increase the visibility of the project with cross marketing

· Increase the TVL of the IBT pool

The benefit of this integration for Apwine DAO

· Increase the tokenized TVL and the AMM TVL

· Diversify the yield possibilities for the APWine community

· Increase the visibility of the project with cross marketing

· Better yield for APWine community if additional rewards

Metrics:
Aave:

Global TVL (all networks considered): $18.7B
aBUSD TVL (on Aave): $17.56M
Discord community size: 23.6k people
Twitter community size: 452k followers

BUSD:
Market Cap: $17.6B

Community poll:
· Add aBUSD IBT to the winelisting vote
· Don’t add aBUSD IBT to the winelisting vote

3 Likes

I wasn’t able to post more then 2 links in my post above as I am still a new user, so here are the Discord and Twitter links of Aave :
Twitter
Discord

1 Like
Should we add aBUSD to the next winelisting ?
  • Yes
  • No
  • Abstain

0 voters

1 Like

Hey @Jaraxus , thanks for this proposal ! :fire:

This IBT will be added in the next winelisting vote if the poll results are positive.