The proposal for deploying version 3 of the lending and borrowing protocol, Aave [AAVE] on StarkNet, passed the temperature check vote with an overwhelming mandate.

As per details, the Aave team put forward a proposal to begin phase-2 deployment of V3 on the zero-knowledge rollup (Zk-rollup), Starknet, on 4 April. The voting, thus for the same commenced soon after. Phase-2 will mark the full deployment of V3 on Starknet after the successful completion of phase-1. 

The Aave governance team stated that network evaluation by service providers will be the next step in the process. This would be followed by an on-chain vote to approve the start of the deployment.

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Aave marches ahead

Expanding to multiple blockchains has been one of the major goals of the Aave ecosystem. Since the launch of the V3 version on Ethereum [ETH in January, the DeFi protocol has aggressively tried to branch out to other layer-1 (L1) and layer-2 (L2) blockchains.

Recently, Aave V3 was proposed for deployment on Binance’s BNB Chain, considering its large user base and growing DeFi ecosystem. The stakeholders extended unanimous support to the plan. Prior to this, the governance team approved the Go to Source to See Full Article
Author: Suzuki Shillsalot

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