[ARFC] Deploy a Dedicated Aave V4 Whitelabel Instance fully managed by EtherFi on OP Mainnet to Power Ether.fi Cash
AI summary
This proposal asks the Aave DAO to approve the deployment of a specialized version of Aave V4, called a 'whitelabel instance,' on the Optimism blockchain. This instance will be fully managed by EtherFi and will serve as the credit backbone for their Visa card product, EtherFi Cash, which is used by many cardholders. The new system will replace EtherFi's current borrowing and lending setup. Aave will provide the technology and a two-year operating license, earning a share of the revenue generated by this instance.
If passed, Aave DAO will receive an estimated $1.0-1.2 million per year in revenue from the EtherFi instance, without taking on the day-to-day risks of that market. EtherFi Cash users will benefit from a new, dedicated lending platform, and Aave's GHO stablecoin will be integrated into the system. The Optimism Foundation Treasury will provide $20 million in launch capitalization, and EtherFi will bring up to $175 million in assets at launch.
Voting results
Votes over time
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🐳 Whale votes
12 votes > 5% VPFull proposal
Author: Ether.Fi
Date: 2026-07-14
ARFC discussion: governance.aave.com thread
Temp Check discussion: governance.aave.com thread
Temp Check Snapshot (passed): [Snapshot vote](https://snapshot.org/#/s:aavedao.eth/proposal/0xf4019e2bfcf1c15460957…