Sky Aave Force: Accelerating DeFi Adoption and Bridging the Gap with Traditional Finance

• Sky Aave Force is a joint initiative between Sky and Aave to accelerate DeFi adoption.
• The proposal includes integrating Sky's stablecoins into Aave V3 with rewards and new market integrations.
• Airdrop and debt ceiling incentives aim to boost adoption and liquidity.
• Aave and Sky agreed to a 50/50 revenue split for the sUSDS and USDS markets.
• The integration will go live on Aave V3 on September 18th.
• This collaboration enhances scalability and market reach, potentially boosting profitability for both protocols.

Summary :
Sky Aave Force is a new joint initiative between Sky (formerly MakerDAO) and Aave, aimed at accelerating DeFi adoption. The proposal includes integrating Sky's newly rebranded stablecoins, Sky USDS and sUSDS, into Aave V3, along with native token rewards and new market integrations. The initiative also includes incentives such as a monthly airdrop for sUSDS supplies and a debt ceiling for USDS in the Aave Lido Market. Aave protocol teams have agreed to a 50/50 revenue split with Spark for the sUSDS and USDS markets. The integration is set to go live on Aave V3 following the launch of the stablecoins on September 18th. This collaboration between two top DeFi protocols is expected to enhance scalability and market reach, potentially boosting Aave's own stablecoin, GHO. The partnership aims to bridge the gap between DeFi and traditional finance.

Sources :

- Bankless
- CoinTelegraph