Aave V3 on Aptos Mainnet Was Proposed for Launch

Key Points:

• Aave V3 on Aptos mainnet was proposed along with feedback from the Aave governance community.
• Aptos Foundation also collaborates with Alibaba Cloud to launch Alcove to promote Web3 development in Asia.

The Aptos Foundation has unveiled plans to introduce Aave V3 on Aptos mainnet with a crucial temperature check within the Aave governance community.

Aptos Foundation Proposes to Deploy Aave V3 on Aptos Mainnet

Seeking early-stage feedback, Aptos aims to refine the proposal through community input to ensure comprehensive project alignment and successful implementation.

Pending community discussions, the proposal will progress to a snapshot vote phase. If approved, it will transition into an Aave Request for Comments (ARC) proposal, fostering further discourse on asset parameters and implementation specifics. Following rigorous testing and auditing, the proposal will culminate as an official Aave Improvement Proposal (AIP).

Aave Labs has already initiated integration efforts, deploying preliminary Aave V3 code on the Aptos testnet. Aptos Foundation is currently spearheading the audit process to fortify the initiative’s operational integrity.

Aptos Enhances Ecosystem Development

The potential deployment of Aave V3 on Aptos mainnet signifies a pivotal development for the platform, promising substantial advancements yet to be fully defined. Aptos Foundation pledges transparency throughout the journey, ensuring continuous community updates as the proposal evolves.

Additionally, Aptos remains dedicated to bolstering the DeFi ecosystem, recently joining forces with Alibaba Cloud to cultivate Asia’s Web3 landscape. This collaboration introduces Alcove, the region’s premier Move developer community, aimed at expanding accessibility and innovation across the Asia-Pacific region. Alcove’s mission focuses on enhancing the adoption of the Move smart contract language with heightened security, speed, and scalability to accelerate mainstream integration.