A plan to implement the third edition of the loan protocol. Aave recently passed a “temperate check” by an overwhelming majority.
The Aave community overwhelmingly supported a “temperature check” plan to launch the decentralized exchange (DEX) Aave on the zkSync Era Mainnet.
By the time voting ended on April 16, more than 99% of Aave token holders had voted in favor of deploying the third version of the lending and borrowing protocol using the zero-knowledge Ethereum Virtual Machine (zkEVM).
The launch will be limited to USD Coin and Ether, according to the idea, which was first floated on March 26.
Now that the temperature check has indicated a “positive sentiment,” the project’s next stages will be to move to the next level for more discussion, followed by risk parameter review and proposal finalization. If the proposal passes the next phases, it will be presented for voting and on-chain governance approval. Only about 0.02% voted against the idea, with another 0.02% abstaining.
According to the proposal, deploying on zkSync can assist the Aave ecosystem by introducing new users to decentralized finance and solidifying Aave’s position as a leading borrowing platform within the zero-knowledge ecosystem.
The Aave community already voted to deploy the Aave V3 codebase on the zkSync v2 Testnet, which was approved in an off-chain vote.
Decentralized trade following the approval of a governance proposal, Uniswap is also planning to launch on a zkEVM solution from scaling solution provider Polygon.
Aave modified its governance practices in November 2022 after being struck by a $60 million short attempt that ultimately failed.