Lending Protocol Aave passes ‘temperature check’ vote to launch on zkSync Era Mainnet. The lending protocol with nearly $8B in total value locked (TVL) is set to launch on zkSync Era Mainnet.
Fast facts
- Lending Protocol Aave passes ‘temperature check’ vote to launch on zkSync Era Mainnet.
- The proposal to deploy Aave on the zkSync Era Mainnet was met with tremendous support from the Aave community.
On April 14, Aave took to Twitter to announce that “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.”
Following the ‘temperature check,’ the proposal to launch the decentralized exchange (DEX) Aave on the zkSync Era Mainnet was met with overwhelming support from the Aave community.
The Aave Community governance tentatively approved the deployment of Aave’s lending and borrowing protocol on two additional chains, with a third potentially on the way.
When voting closed on April 16, more than 99.78% of Aave token-holders voting had voted in favor of launching the third version of the lending and borrowing protocol, with 0.2% voting against the proposal and 0.02% abstaining.
According to the proposal first pitched on March 26, the launch will be limited to USD Coin and Ether.
Now that the temperature check has revealed a “positive sentiment,” the project’s next stages will be to move on to another stage for further discussion, followed by risk parameter evaluation and proposal finalization.
If the next processes are successful, the proposal will be presented for voting and on-chain governance approval.
According to the proposal, deploying on zkSync can benefit the Aave ecosystem by introducing new users to decentralized finance and consolidating Aave as a leading borrowing platform within the zero-knowledge ecosystem.
The Aave community previously voted to deploy the Aave V3 codebase on zkSync’s v2 testnet, which was approved in another off-chain vote. Decentralized exchange Uniswap is also set to launch V3 on Polygon zkEVM after a governance proposal was successfully passed.
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Caleb is a technical writer at AlteBlock with over 2 years of experience in covering DeFi-related content such as crypto news, exchange reviews, and guides. He is also a Civil engineering graduate who can be found on-site when not writing an article.
