The governance physique of the Aave AAVE -0.70% lending protocol is reviewing a proposal to deploy model 3 on Neon EVM — a sensible contract platform that allows Ethereum dApps on the Solana SOL -1.98% community.
Made by the Neon Basis and Aave contributor Aave Chan Initiative, this proposal seeks to develop Aave’s lending providers to the Solana blockchain as a minimal viable product (MVP) at first. It’s presently within the “temperature verify” section — the place Aave neighborhood members can share their views and suggestions on the proposed integration.
The proposal recommends the restricted introduction of belongings and the adoption of conservative danger parameters. Particularly, it mentions three varieties of collateral — SOL, mSOL, jitoSOL — and a single borrowable asset, USDC.
If accredited, the deployment would permit Aave to make the most of Solana’s liquidity for its lending providers. In line with the proposal, a model of Aave v3 has already been deployed on Neon EVM’s developer-focused testnet (devnet).
If the proposal positive aspects adequate preliminary help, it can advance to the subsequent section, adopted by an on-chain vote to finalize the choice.
Aave v3 is the third main iteration of the Aave protocol, a decentralized and non-custodial liquidity market protocol that allows customers to lend and borrow varied crypto belongings.
Greater than $5 billion is locked in Aave v3 lending swimming pools throughout 10 blockchains — with the bulk, $4 billion, on Ethereum.
