Deploy Aave V3 on Arbitrum One

Summary

Arbitrum One is the leading Ethereum Rollup, and has seen significant traction over the last several months. Arbitrum One has hundreds of live applications and infrastructure supporting the chain and deploying Aave on Arbitrum would be mutually beneficial for both communities.

Proposal

Deploy Aave V3 on Arbitrum. Aave V3 is revolutionary and should be deployed on the most cutting edge and up-and-coming platforms.

Rationale

Arbitrum is the leading Ethereum Rollup, with hundreds of live apps including most top Ethereum apps and infrastructure including Alchemy, Balancer, Chainlink (23 active price feeds), Curve, Gnosis Safe, Infura, Sushiswap, Uniswap, Quicknode, and many others. A more complete list can be found at https://portal.arbitrum.one. While Arbitrum has strong DeFi adoption, it lacks a strong lending platform, and Aave V3 would fill that gap proving beneficial for both communities.

Arbitrum has over 2.5B in TVL that Aave can tap into, and indeed Arbitrum's TVL accounts for 47.8% of TVL across all Ethereum L2s tracked by L2Beat. Arbitrum also has numerous direct fiat on-ramps, CEX integrations, and application layer bridges making it simple for users to bridge liquidity onto the platform.