On July 21, CoinWorld reported that Aave DAO passed a resolution in the AFRC vote with a support rate of 99.8%, approving the non-profit organization Ink Foundation to launch a white-label lending platform based on the Aave V3 codebase. The Ink Foundation is a non-profit organization supporting the Ethereum Layer 2 of the same name incubated by Kraken. It is expected that the DAO will authorize the foundation to launch a rebranded centralized lending platform based on the Aave codebase. Aave DAO's service providers will assist Ink's Aave V3 instance in the first six months. In exchange, Aave DAO will receive a share of the new platform's revenue, calculated based on the lending volume of all liquidity pools, not less than an amount equivalent to 5% of the reserves.
This move will also ensure that the Ink Foundation and its centralized partners will not seek collaboration with other lending protocols for at least 12 months after the platform deployment. On the other hand, the Ink Foundation will invest significant resources to launch and develop this Aave V3 white-label version, including the introduction of multiple liquidity mining programs aimed at attracting over $250 million in initial liquidity for the platform.

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