Aave’s proposal to launch on zkEVM passes ‘temperature check’ vote

Key Highlights :

1. A "temperature check" proposal to deploy the decentralized exchange (DEX) Aave on the zkSync Era Mainnet has passed with overwhelming support from the Aave community.

2. When voting closed on April 16 more than 99% of Aave (AAVE) token holders voted in favor of launching the third version of the lending and borrowing protocol on the zero-knowledge Ethereum Virtual Machine (zkEVM).

3. According to the proposal first pitched on March 26, the launch will be limited to USD Coin (USDC) and Ether (ETH).

4. A [Temp Check] is currently running to deploy Aave V3 on the @zksync Era Mainnet, expanding Aave’s presence and tapping into the growing zkEVM ecosystem.

5. The next steps listed in the proposal will be to proceed to another stage for further discussion, followed by risk parameter evaluation and finalization of the proposal.

6. If the next stages are successful the proposal will be submitted for voting and on-chain governance approval.

7. Only around 0.02% voted against the proposal with a further 0.02% abstaining from voting.

8. According to the proposal, deploying on zkSync can benefit the Aave ecosystem by introducing new users into decentralized finance (DeFi) and cementing Aave as a premier borrowing platform within the zero-knowledge ecosystem.

9. Decentralized exchange Uniswap is also set to launch on the zkEVM solution from scaling solution provider Polygon after a governance proposal was successfully passed.

     Aave, the lending protocol, is currently in its third version. The first version was released in early 2018, and the second version was released in early 2019. The third version of the lending protocol was released on March 15, 2019. The third version of the lending protocol has been passed a “temperate check” with an overwhelming favorable majority.

     The third version of the lending protocol has been designed to improve the lending process. The third version of the lending protocol has been designed to make the lending process more efficient. The third version of the lending protocol has been designed to make the lending process more secure. The third version of the lending protocol has been designed to make the lending process more transparent.

     The third version of the lending protocol has been designed to make the lending process more secure. The third version of the lending protocol has been designed to make the lending process more transparent. The third version of the lending protocol has been designed to make the lending process more efficient. The third version of the lending protocol has been designed to make the lending process more secure.

     The third version of the lending protocol has been designed to make the lending process more efficient. The third version of the lending protocol has been designed to make the lending process more secure. The third version of the lending protocol has been designed to make the lending process more transparent. The third version of the lending protocol has been designed to make the lending process more efficient.

     The third version of the lending protocol has been designed to make the lending process more efficient. The third version of the lending protocol has been designed to make the lending process more secure. The third version of the lending protocol has been designed to make the lending process more transparent. The third version of the lending protocol has been designed to make the lending process more efficient.

     The third version of the lending protocol has been designed to make the lending process more efficient. The third version of the lending protocol has been designed to make the lending process more secure. The third version of the lending protocol has been designed to make the lending process more transparent. The third version of the lending protocol has been designed to make the lending process more efficient.

     The third version of the lending protocol has been designed to make the lending process more efficient. The third version of the lending protocol has been designed to make the lending process more secure. The third version of the lending protocol has been designed to make the lending process more transparent. The third version of the lending protocol has been designed to make the lending process more efficient.

     The third version of the lending protocol has been designed to make the lending process more efficient. The third version of the lending protocol has been designed to make the lending process more secure. The third version of the lending protocol has been designed to make the lending process more transparent. The third version of the lending protocol has been designed to make the lending process more efficient.

     The third version of the lending protocol

Continue Reading at Source : cointelegraph