APIR 13 : aDAI integration

Project presentation :

Protocol : AAVE

IBT requested : Token Aave interest bearing DAI (aDAI)

IBT contract address : 0x028171bCA77440897B824Ca71D1c56caC55b68A3

Current TVL on the requested IBT: $1.35b

Current TVL of the protocol: $18.7b

Twitter/Discord links: Twitter / Discord

Audit link : ABDK

Supported chain(s) : Ethereum / Polygon

Simple summary:

I believe it would a great adding to our list. AAVE being one of the major decentralized non-custodial liquidity market protocols where users can participate as depositors or borrowers. Aave was founded in 2017 by Stani Kulechov and based in Switzerland.

Rationale:

To me, adding aDAI to the next winelisting would be a great idea for several reasons. It would allow to attract and diversify the offer proposed on APWine. I think APWine would benefit a lot if we propose a large panel of token coming from AAVE because of the exposure it has. Indeed, AAVE is well implemented into the ecosystem.

→ Benefit of this integration for aDAI

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

→ Benefit of this integration for APWine DAO

Increase the tokenized TVL and the AMM TVL

Diversify the ETH and polygon yield possibilities

Increase the visibility of the project

Attract a larger customer base

Metrics :

Market cap : AAVE = $2.310b | DAI = $9.033b

TVL Token : Aave interest bearing DAI : $1.35b | AAVE : $19.33b

Twitter community : 452k

Discord community : 23.6k

Community poll :

Add aDAI to the winelisting vote

Don’t add aDAI to the winelisting vote

2 Likes

Audit link even if its for AAVE and we all know it has been audited quite a few times : aave-v3-core/27-01-2022_ABDK_AaveV3.pdf at master · aave/aave-v3-core · GitHub

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

0 voters

1 Like

Hey @ZURD thanks for this proposal ! :fire:

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