Aave to Launch Its Own Network After V4
CryptoNewsTerminal Staff28 May, 2024
Aave to Launch Its Own Network After V4
Aave, a decentralized crypto lending protocol, has announced that it will launch its own network after the release of version 4 (V4) of its protocol. The launch is expected to happen in 2026, according to Aave founder Stani Kulechov. Previously, Aave developer Aave Companies had mentioned the V4 launch in its proposed roadmap RFC (request for comments) for 2030. However, Kulechov's recent statement suggests that the launch may happen sooner than expected. The launch of Aave's own network is a significant step for the project, as it will give Aave more control over its own destiny and allow it to scale more efficiently. Aave is one of the most popular decentralized lending protocols in the world, with over $10 billion in assets locked in its smart contracts. The launch of Aave's own network is expected to be a major event for the DeFi (decentralized finance) industry. It will be interesting to see how Aave's own network performs and how it compares to other DeFi protocols.
