Add Fireblocks as a whitelister on Aave Arc

Forum Discussion

Summary

Aave Arc is a “permissioned” version of the software underlying V2 of the Aave protocol that employs an additional smart contract layer to only allow “whitelisted” or “permissioned” users to engage with the protocol.

Fireblocks asks the Aave Governance community to approve the appointment, adoption, and authorization of Fireblocks LLC, a Fireblocks company, as a “whitelister” for one or more deployments of Aave Arc.

Proposal

Fireblocks is on a mission to bring more institutional participants into DeFi.

Today, Fireblocks serves more than 600 customers and has secured over $1.25 trillion in digital assets. Fireblocks’ technology has become trusted by the leading institutional crypto players and the world’s biggest banks to secure digital assets, develop new yield generating strategies, and improve capital efficiency. As the initial whitelisting partner for Aave Arc, Fireblocks can offer institutions the same secure and scalable rails used to transfer and store digital assets to access permissioned DeFi environments.

DeFi is considered by institutional users to be one of the more complex markets to navigate across security, compliance, and risk perspectives. We are eager to be at the forefront of this transformational opportunity with Aave Arc by extending access to even our most compliance-conscious customers, who would otherwise avoid DeFi over compliance or regulatory concerns.

Fireblocks’ R&D, compliance, and legal teams have developed a new whitelister framework for permissioned DeFi. This framework meets both enterprise-grade requirements for accessing DeFi and adheres to Aave Arc’s whitelister governance criteria. This deployment will set the precedent for new organizations joining Aave Arc, simplify the process for onboarding new whitelisters, and ensure everyone is following best practices defined by the whitelister community.

For more details, please check the forum post: https://governance.aave.com/t/add-fireblocks-as-a-whitelister-on-aave-arc/5753