Aptos Foundation Proposal for Aave V3 Deployment Passes Preliminary Vote

IconCryptoNewsTerminal Staff20 Jul, 2024

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Aptos Foundation Proposal for Aave V3 Deployment Passes Preliminary Vote

The Aptos Foundation recently proposed deploying Aave (AAVE) V3 on the Aptos network. The proposal passed a preliminary vote with an overwhelming 99.86% support. This preliminary vote serves as a temperature check, and the proposal will now proceed to the Architecture Request for Comments (ARFC) stage. The ARFC stage will involve further discussion and review of the proposal's technical details and implications. If the proposal is ultimately approved and implemented, Aave V3 will be deployed on the Aptos network, enabling users to access Aave's decentralized lending and borrowing services on the Aptos blockchain. This deployment would further expand the DeFi ecosystem on Aptos and provide users with more options for managing their digital assets.

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