EtherFi proposes deploying a dedicated Aave V4 instance on the OP Mainnet to support EtherFi Cash, with the proposal including $175 million in startup funding, GHO integration, and a 20% revenue share paid to the Aave DAO. Aave founder Stani stated that EtherFi is committed to building reliable end-user products. Under the proposal, Aave V4 will replace existing technology to provide EtherFi users with more flexible and scalable direct lending services, with infrastructure owned and managed by EtherFi.
EtherFi Proposes Aave V4 Deployment on OP Mainnet with $175M Funding
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Summary
EtherFi has proposed deploying a dedicated Aave V4 instance on the OP mainnet to support EtherFi Cash, according to on-chain news. The project funding announcement includes $175 million in initial funding, GHO integration, and a 20% revenue share for the Aave DAO. Aave founder Stani praised EtherFi’s focus on end-user products. The new infrastructure will replace existing systems, providing more scalable peer-to-peer lending services, with EtherFi owning and managing the deployment.
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