DeFi
Aave V3 deployment requires much less improvement effort, and the proposal suggests limiting asset influx and setting conservative threat parameters to cut back threat. The restrictions proposed would enable improvement and threat service suppliers to conduct in-depth evaluation of the zkEVM community, decreasing the chance of threat. The proposal recommends including solely three collaterals (WETH, WMATIC, and USDC) and one loanable asset (USDC) to cut back threat.
Since October 2022, Aave V3 has been efficiently deployed on the zkEVM testnet and has been operating for about six months. The zkEVM is an L2 answer developed by the Polygon workforce, which is equal to EVM.
This proposal is critical for the Aave group as a result of it permits Aave Governance to ascertain a strategic place on the community, enabling the group to have a voice within the improvement of the community. The deployment of Aave V3 on zkEVM mainnet would improve the accessibility of Aave providers, as customers would be capable to transact on the Polygon community at a decrease price than on the Ethereum community.
Because the Aave group discusses the deployment of Aave V3 on zkEVM mainnet, it’s important to notice that the proposal prioritizes decreasing threat whereas offering entry to Aave providers. The restrictions proposed would enable the group to construct a robust basis on the community, enabling the community to develop sustainably in the long term.
Total, the deployment of Aave V3 on the Polygon zkEVM mainnet would improve the accessibility of Aave providers, cut back transaction prices, and allow Aave Governance to place itself strategically on the community.
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