This week, Aave DAO took a significant step towards optimizing its multichain strategy by passing a Temperature Check. The proposed changes aim to enhance revenue generation across various blockchain networks where Aave operates. The source notes that this initiative could lead to improved efficiency and profitability for the platform.
Increase in Reserve Factor for Low-Revenue Chains
The new plan involves increasing the Reserve Factor for low-revenue chains, including:
- Polygon
- Gnosis
- BNB Chain
- Optimism
- Scroll
- Sonic
- Celo
This adjustment is intended to bolster the financial sustainability of these platforms. If any of these chains fail to generate sufficient revenue over the next 12 months, they will be subject to an offline review to assess their viability within the Aave ecosystem.
Discontinuation of Aave's Deployments
Additionally, the proposal suggests discontinuing Aave's deployments on:
- zkSync
- Metis
- Sonneium
Moving forward, any new chains that Aave considers for deployment must demonstrate the potential to generate at least $2 million in annual revenue. This strategic shift reflects Aave's commitment to ensuring that its resources are allocated effectively across its multichain operations.
In a recent development, Aave DAO has made strategic changes to its multichain operations, while Kaspa has introduced the DAGKnight upgrade, enhancing its blockchain capabilities. For more details, see DAGKnight upgrade.
