[TEMP CHECK] Onboard SCR to Aave V3 Scroll Instance

Author: ACI Date: 2024-10-23 Simple Summary: The current TEMP CHECK aims to onboard SCR, the native token of Scroll, on the Aave V3 Scroll Instance. This onboarding will allow Aave users to supply and borrow SCR, thereby enhancing the utility and liquidity of the Scroll token within the DeFi ecosystem and more specifically, within the Aave ecosystem.

Motivation/Background: Scroll is an Ethereum Layer 2 chain which already has an Aave instance deployment and SCR is the governance token for the Scroll L2. By onboarding SCR to Aave V3, we aim to create new opportunities for Aave users to engage with this emerging staking ecosystem, while expanding SCR’s liquidity.

Benefits of listing this token:

Provide opportunities for Aave users to borrow against their SCR to unlock liquidity, or alternatively to borrow SCR against other collateral allowing them to participate in Scroll governance.

Market Impact:

We see no significant market impact from onboarding SCR except for providing new opportunities to Aave users which may cause users to switch from borrowing other tokens against their collateral. Overall we see onboarding SCR as net good for Aave users as it expands opportunities for them to engage in a new L2 ecosystem.

Chain to be deployed/listed:

Scroll.

Proof of Liquidity (POL) and Deposit Commitments:

POL and Deposit Commitments will be discussed at the ARFC stage. SCR will be included in future incentives programs.

Useful Links: Scroll website 1 Scroll docs Disclaimer: This proposal is powered by Skywards. ACI is not directly affiliated with Scroll and did not receive compensation for creation of this proposal.

ACI and ACI employees may be holders of SCR.

Next Steps: If consensus is reached on this TEMP CHECK, escalate this proposal to the Snapshot stage. If the Snapshot outcome is YAE, escalate to ARFC stage. Publication of a standard ARFC, collect community & service providers feedback before escalating proposal to ARFC snapshot stage. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal. Copyright: Copyright and related rights waived under CC0