Key Takeaways:
- Aave’s Expansion: The Aptos Foundation has proposed deploying Aave Protocol v3 on its non-EVM blockchain, marking Aave’s first move beyond Ethereum-compatible platforms.
- Community Input: The proposal, presented on July 1, seeks feedback from the Aave community.
- Aptos Highlights and Challenges: Aptos leverages the Move programming language for high scalability and user-friendly DApp development but has faced issues like a significant network outage in October 2023.
The Aptos Foundation has proposed deploying Aave Protocol v3 on its non-EVM blockchain, marking Aave’s first extension beyond Ethereum-compatible platforms.
This proposal, presented on July 1, seeks input from the Aave community.
Aptos Foundation has introduced a proposal to deploy Aave V3 on Aptos Mainnet as part of Aave’s open governance process. Aave Labs has built integration code and deployed it onto the Aptos testnet. If approved, this will be Aave's first deployment to a non-EVM blockchain. Read…
— Aptos (@Aptos) July 1, 2024
Aptos, known for its high scalability and user-friendly DApp development, leverages the Move programming language initially created for Facebook’s Diem project.
Aave is a widely-used decentralized finance protocol enabling users to provide liquidity or borrow funds, with over $12 billion in total value locked.
Aave Labs, having integrated its protocol into the Move language, supports this expansion, citing potential new use cases.
NEW PROPOSAL COULD SEE AAVE DEPLOYED ON ITS FIRST NON-EVM CHAIN – APTOS
— BSCN (@BSCNews) July 1, 2024
– The @Aptos Foundation today introduced a proposal to deploy @Aave v3 on Aptos mainnet.
– Aave and Aptos have worked together to build “the first non-EVM codebase of Aave Protocol V3 in Move”…
– … and… https://t.co/2FGSt2Aq8C pic.twitter.com/aI3OftW3zl
Despite Aptos’ record-breaking user transactions, the blockchain has encountered issues, including a significant network outage in October 2023.
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