Summary
TLDR: Aave’s Merit program is rewarding users with wETH and GHO for actions that benefit the Aave DAO, while penalizing the use of “non-aligned” protocols. Morpho Labs’ integration with Aave has sparked controversy, with conflicting claims about its benefits. Aave remains a popular lending protocol in DeFi, despite recent developments.
Key Points
1. Merit, Aave’s latest alignment reward program, has gone live today and will be airdropping 280 wETH to wETH borrowers.
2. GHO borrowers and stakers can also be expected to earn rewards from an airdrop next week.
3. According to a press release reviewed by Blockworks, $2.1 million in wETH and $2.9 million in GHO will be spent over an initial 90-day period, and an extension proposal will be presented to the Aave DAO in April.