Bitcoin
Bitcoin (BTC)
$89,835.00 -1.30863
Bitcoin price
Ethereum
Ethereum (ETH)
$2,274.31 -5.47909
Ethereum price
BNB
BNB (BNB)
$590.16 -7.10976
BNB price
Solana
Solana (SOL)
$157.65 -10.32223
Solana price
XRP
XRP (XRP)
$2.60 -10.05061
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000137 -7.09535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -3.54074
Pepe price
Bonk
Bonk (BONK)
$0.0000136 -8.86855
Bonk price
dogwifhat
dogwifhat (WIF)
$0.719681 -1.59213
dogwifhat price
Popcat
Popcat (POPCAT)
$0.253759 -1.94646
Popcat price
Bitcoin
Bitcoin (BTC)
$89,835.00 -1.30863
Bitcoin price
Ethereum
Ethereum (ETH)
$2,274.31 -5.47909
Ethereum price
BNB
BNB (BNB)
$590.16 -7.10976
BNB price
Solana
Solana (SOL)
$157.65 -10.32223
Solana price
XRP
XRP (XRP)
$2.60 -10.05061
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000137 -7.09535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -3.54074
Pepe price
Bonk
Bonk (BONK)
$0.0000136 -8.86855
Bonk price
dogwifhat
dogwifhat (WIF)
$0.719681 -1.59213
dogwifhat price
Popcat
Popcat (POPCAT)
$0.253759 -1.94646
Popcat price
Bitcoin
Bitcoin (BTC)
$89,835.00 -1.30863
Bitcoin price
Ethereum
Ethereum (ETH)
$2,274.31 -5.47909
Ethereum price
BNB
BNB (BNB)
$590.16 -7.10976
BNB price
Solana
Solana (SOL)
$157.65 -10.32223
Solana price
XRP
XRP (XRP)
$2.60 -10.05061
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000137 -7.09535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -3.54074
Pepe price
Bonk
Bonk (BONK)
$0.0000136 -8.86855
Bonk price
dogwifhat
dogwifhat (WIF)
$0.719681 -1.59213
dogwifhat price
Popcat
Popcat (POPCAT)
$0.253759 -1.94646
Popcat price
Bitcoin
Bitcoin (BTC)
$89,835.00 -1.30863
Bitcoin price
Ethereum
Ethereum (ETH)
$2,274.31 -5.47909
Ethereum price
BNB
BNB (BNB)
$590.16 -7.10976
BNB price
Solana
Solana (SOL)
$157.65 -10.32223
Solana price
XRP
XRP (XRP)
$2.60 -10.05061
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000137 -7.09535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000008 -3.54074
Pepe price
Bonk
Bonk (BONK)
$0.0000136 -8.86855
Bonk price
dogwifhat
dogwifhat (WIF)
$0.719681 -1.59213
dogwifhat price
Popcat
Popcat (POPCAT)
$0.253759 -1.94646
Popcat price

Aave to proceed with $63m expansion to Sonic following positive temp check vote

Dorian Batycka
Edited by
News
Aave to proceed with $63m expansion to Sonic following positive temp check vote

Aave’s governance is now weighing an ARFC proposal to bring V3 to Sonic, backed by a $63 million liquidity commitment.

Aave (AAVE) could be heading to Sonic, an EVM-compatible blockchain network from the creators of Fantom, if a fresh governance proposal gains support. Submitted by the Aave Chan Initiative on Jan. 31, the Aave Request for Comment #8d417 points to Sonic’s high transaction speed and fee-sharing model as key incentives for deployment.

If approved by Feb. 4, the move would come with a $63 million liquidity commitment, including a $15 million funding pledge from the Sonic Foundation, $20 million in Circle’s USD Coin (USDC), and up to 50 million $S tokens (around $27.15 million). Aave would also contribute $800,000 in stablecoins.

“Aave has deployed on multiple promising new L1 and L2 EVM networks and is often one of the largest protocols on these networks. Given the impressive history of the team building Sonic, and the innovations it promises, it represents a strong candidate for deployment of Aave V3.”

ACI

The governance process is in its next stage, with an ARFC vote currently open. Back in December, the Aave community approved the initial temp check to expand into Sonic. If this new proposal passes, it will lead to a more detailed risk assessment before a final vote.