CoinWorld news, the Ink Foundation has initiated an ARFC proposal in the Aave community, which suggests deploying Aave 3 on Ink. This proposal is different from the deployments of Aave on other chains. The proposal states that Ink will have a white-label version, centrally managed by the Ink Foundation, without the need for governance tokens. The name is yet to be determined, but it will adopt the "Powered by Aave" branding. The Ink Foundation promises to provide incentives, including liquidity mining, to bring in over $250 million in supply. Initially, 4% of the supply of the "future governance token" will be used for these incentives. The Ink Foundation will focus solely on on-chain lending for this and will avoid collaboration with other lending protocols for at least 12 months. [CoinWorld]