Aptos Foundation has introduced a governance proposal (Temp Check) in the Aave community forum to deploy Aave Protocol V3, the open source liquidity protocol that is fully governed by the Aave DAO, onto Aptos Mainnet. This proposal is the first step in a multistep open governance forum discussion and approval process. If the initiative moves forward from Temp Check and is ultimately approved by the Aave community, it would mark the first Aave deployment onto a non-EVM blockchain.
The potential deployment would expand the protocol’s innovation and strategic growth and make Aave accessible to non-EVM developers and onchain users worldwide, introducing new product possibilities.
As of today, the proposal is in the early “temperature check” phase, actively gathering feedback from Aave’s engaged community. After a discussion period, the proposal will move to “Snapshot,” and, if approved, move to ARFC for further discussion on asset parameters and implementation details. Finally, it will be submitted as an AIP and deployment after thorough testing and auditing.
Aave Labs has built integration code and deployed it onto the Aptos testnet. The code is currently being audited and the Aptos Foundation is sponsoring these audits. More information on the project’s GitHub can be found here.
There is growing interest among builders globally to explore the Move programming language and take advantage of developer resources available within the Aptos ecosystem. The Move programming language is easier to use than other smart contract languages and has inherent security advantages. Additionally, Aptos supports upgradable smart contracts and a flexible account model, allowing for seamless implementation of updates and improvements.
From a network standpoint, Aptos boasts speed (time to finality), reliability (99.99% uptime), and cost efficiency (100x lower gas fees than comparative L1s—recently setting the record for the highest transaction volume for any L1).
Read Also: Astrovault Integrates with Nibiru Chain, Enhancing Cross-Chain Trading and Liquidity Provision