One of the largest DeFi lending protocols, AaveDAO called its token holders to participate in Aave Request for Comment (ARC), which requires them to commit to Ethereum PoS merge over any other forked alternative consensus to sustain the Aave ecosystem.
The purpose behind this ARC is to unite members for selecting the Ethereum mainnet with Proof-of-Stake (PoS) consensus for AaveDAO deployment and establish it as the Canonical governance.
Other than this, the ARC urges the community to give the Community Guardian authority to prevent deployment on any other possible forked chains from Ethereum Merge.
While Ethereum Merge’s tentative date indicates a possible Merge on or around September 15, many crypto firms and DeFi protocols expect another hard fork that can split Ethereum blockchains into two different chains, most likely with PoS and PoW consensus.
To support possible forked tokens and consensus, numerous firms such as Coinbase, Circle, Tether, and others have already started to build adequate infrastructure.
The Aave team stated in the blog post that the current development of the protocol is effectively impossible to sustain a viable Aave Market on any Ethereum fork running an alternative consensus (such as Proof of Work).
The ARC stated that “The DAO should send a clear signal to the DeFi ecosystem about where it stands with respect to the Ethereum merge.”
