Aave V3.0.1 To Launch On Polygon zkEVM Mainnet For Improved Governance On L2

Key Points:

• Aave community is considering deploying Aave V3 MVP on Polygon zkEVM mainnet.
• The move would position Aave Governance strategically on the network and enhance accessibility to Aave services at a lower cost.

The Aave community is currently discussing the deployment of Aave V3 MVP on the Polygon zkEVM mainnet through a temperature check governance discussion. The discussion aims to deploy Aave V3.0.1 on zkEVM L2 to position Aave Governance strategically on the network as soon as possible.

Aave V3 deployment requires less development effort, and the proposal suggests limiting asset inflow and setting conservative risk parameters to reduce risk. The limitations proposed would allow development and risk service providers to conduct in-depth analysis of the zkEVM network, reducing the likelihood of risk. The proposal recommends adding only three collaterals (WETH, WMATIC, and USDC) and one loanable asset (USDC) to reduce risk.

Since October 2022, Aave V3 has been successfully deployed on the zkEVM testnet and has been running for approximately six months. The zkEVM is an L2 solution developed by the Polygon team, which is equivalent to EVM.

This proposal is significant for the Aave community because it allows Aave Governance to establish a strategic position on the network, enabling the community to have a voice in the development of the network. The deployment of Aave V3 on zkEVM mainnet would enhance the accessibility of Aave services, as users would be able to transact on the Polygon network at a lower cost than on the Ethereum network.

As the Aave community discusses the deployment of Aave V3 on zkEVM mainnet, it is vital to note that the proposal prioritizes reducing risk while providing access to Aave services. The limitations proposed would allow the community to build a strong foundation on the network, enabling the network to grow sustainably in the long run.

Overall, the deployment of Aave V3 on the Polygon zkEVM mainnet would enhance the accessibility of Aave services, reduce transaction costs, and enable Aave Governance to position itself strategically on the network.

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