Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: RSRS on September 28, 2021, 04:41:06 AM
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Aave Arc, a permissioned version of the popular DeFi lending platform Aave, is getting ready for its first deployment.
Fireblocks, an institutional custody firm, has made a proposal to Aave's governance forum for it to be the first whitelister for when it is deployed. As a whitelister, Fireblocks will play a key role in onboarding institutional investors to the protocol and it will act as a gatekeeper of sorts, ensuring that only whitelisted participants — who have gone through KYC processes — can get involved.
As The Block has reported, Aave Arc will enable such whitelisted participants to take part in the permissioned lending and borrowing pool. Participants will only be able to borrow from and lend to other whitelisted participants. In theory, this is aimed at enabling companies that have more stringent requirements to get involved.
More Information (https://cryptonews.net/en/news/defi/1985599/)