The Aptos Foundation has proposed deploying Aave V3 on the Aptos mainnet, potentially marking Aave’s first expansion to a non-EVM blockchain ecosystem. This proposal is currently in the “temperature check” phase, gathering initial feedback from Aave’s governance community. If approved, this initiative would make Aave accessible to developers within Aptos’ ecosystem, which is based on the Move programming language.
Aave Labs has already developed integration code and deployed it on the Aptos testnet, with the Aptos Foundation sponsoring the ongoing audit process. The proposal outlines a clear governance process, moving from the current temperature check to potential snapshot votes, an Aave Request for Comments (ARC) stage, and finally an Aave Improvement Proposal (AIP) vote. This collaboration with Aptos is part of the Aave 2030 plan to expand the Aave Protocol beyond EVM networks.
The Move language, developed at Meta by former members of Facebook’s Diem stablecoin project, sets Aptos apart from Ethereum-based blockchains. Integrating a major DeFi protocol like Aave could boost Aptos’ ecosystem growth and attract more users and developers. Additionally, offering popular DeFi services demonstrates Aptos’ ambition to compete with established smart contract platforms.
The progress of this proposal through Aave’s governance process will be closely monitored by both communities, as it could set a precedent for future cross-chain collaborations in the DeFi space. This deployment would represent a significant step for Aave, expanding its reach beyond Ethereum Virtual Machine (EVM) compatible networks. The outcome may influence other protocols’ strategies for expanding to non-EVM chains and Aptos’ ability to attract additional DeFi projects.
Overall, the deployment of Aave V3 on the Aptos mainnet represents an exciting development in the DeFi space, potentially opening up new opportunities for cross-chain collaborations and expanding the reach of major protocols beyond EVM networks. The collaboration between Aptos and Aave demonstrates the growing importance of interoperability in the blockchain ecosystem, as platforms seek to attract more users and developers by offering a wider range of services and functionalities. As the proposal progresses through the governance process, the industry will be watching closely to see how this initiative shapes the future of decentralized finance.
