PANews reported on July 21 that Aave DAO passed a resolution with 99.8% support in the AFRC vote, approving the non-profit organization Ink Foundation to launch a white-label lending platform based on the Aave V3 code base. The Ink Foundation is a non-profit organization that supports the eponymous Ethereum Layer 2 incubated by Kraken. The DAO is expected to authorize the foundation to launch a rebranded centralized lending platform based on the Aave code base. Aave DAO's service providers will assist Ink's Aave V3 instance within the first six months. In exchange, Aave DAO will receive a certain percentage of the new platform's revenue, which is calculated based on the lending volume of all funding pools and is not less than the equivalent of 5% of the reserve.

This move will also ensure that the Ink Foundation and its centralized partners will not seek to cooperate with other lending protocols for at least 12 months after the platform is deployed. On the other hand, the Ink Foundation will invest a lot of resources to launch and develop this Aave V3 white label version, including launching multiple liquidity mining programs to attract more than $250 million in initial liquidity for the platform.