The Aptos Foundation has proposed to deploy a version of Aave V3, an open source mobility protocol governed by the Aave DAO, on the Aptos mainnet. The proposal is currently in the "temperature check" phase, an early process that involves gathering feedback from the Aave governance community before moving forward. After discussion, the proposal will go to a "snapshot" vote. If approved, it will become an Aave Request for Comment (ARC) proposal, inviting more in-depth discussion of asset parameters and implementation details, and then be submitted and deployed as an official Aave Improvement Proposal (AIP) after thorough testing and auditing, the Aptos Foundation said in a statement. Aptos Test Network, and the Aptos Foundation is sponsoring the current audit process.
If the initiative is ultimately approved by the Aave community, according to the Aptos Foundation, it will represent the first time Aave has been deployed on a non-EVM blockchain, making it available to developers in Aptos' ecosystem based on the Move programming language.Move was initially developed by a team at Meta in Facebook's now-defunct Diem stablecoin project It was originally developed by a team at Meta as part of Facebook's now defunct Diem stablecoin project. This means that if Aave V3 successfully runs on the Aptos mainnet, it will be the first time that Aave will run in a blockchain environment outside of the Ether Virtual Machine (EVM), thus expanding its reach across different blockchain platforms. At the same time, due to the uniqueness of the Move language, this move may also facilitate Aave's collaboration with more Move language-based blockchain projects, providing new opportunities and tools for developers in the Aptos ecosystem.
About Aave: Aave is a Decentralized Finance (DeFi) protocol running on the Ether blockchain focused on providing a lending platform without the need to trust a third party.Aave allows users to deposit and lend a wide range of cryptocurrency assets through smart contracts that are executed and maintained by a globally distributed network of computers, ensuring the security and transparency of the platform.
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