The Aptos Foundation has put forth an innovative proposal to integrate Aave V3 into its mainnet. This groundbreaking initiative aims to expand the reach of Aave beyond the Ethereum Virtual Machine (EVM), potentially marking a significant milestone in the cryptocurrency world.
Currently, the project is in the “temperature check” phase, where the initial feedback from the Aave governance community is being carefully evaluated. Aave Labs developers have already completed the integration code, which has undergone testing on the Aptos testnet. The ongoing audit for this integration is being funded by the Aptos Foundation. If the proposal is given the green light, it will enable Aptos developers to access Aave using the Move programming language, which is distinct from the Ethereum network.
The governance process outlined in the proposal consists of several stages, starting from the temperature check and eventually leading to a quick vote. This includes a Request for Comments (ARC) period in Aave, culminating in a vote to approve the Aave Improvement Proposal (AIP).
Stani Kulechov, the founder and CEO of Aave, commented on the Aptos Foundation’s proposal, stating, “We are collaborating with Aptos to create the first Aave Protocol V3 codebase on Move that does not use EVM. This proposal from the Aptos Foundation is a crucial part of the Aave 2030 plan to diversify the networks in which the Aave Protocol operates.”
The Aptos Foundation has introduced a proposal to deploy Aave V3 on the Aptos Mainnet as part of Aave’s open governance process. Aave Labs has successfully developed the integration code and has already deployed it on the Aptos testnet. If approved, this will mark Aave’s first deployment on a blockchain that is not EVM-based.
The utilization of the Move language, initially created by Meta and former members of Facebook’s Diem stablecoin project, sets Aptos apart from other blockchains that operate on top of Ethereum. This implementation represents a significant advancement for Aave, as it expands the platform’s presence beyond EVM-compatible networks.
For Aptos, the adoption of a well-established DeFi protocol like Aave can accelerate the growth of its ecosystem and attract a larger number of users and developers. Additionally, incorporating recognized DeFi services showcases Aptos’ ambition to compete with other established smart contract networks.
Disclaimer: The opinions expressed in this article are solely for informational purposes and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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