- There is strong support for the protocol’s deployment on the Ethereum Layer 2 chain as evidenced by the unanimous vote of the Aave DAO to forward the implementation of the protocol on ZKsync to a formal vote.
- Out of all native projects, Aave was given the most ZK tokens during the most recent airdrop by the protocol.
In cooperation with service providers BGDLabs and Catapulta, the community of the lending protocol Aave AAVE -2.72% has overwhelmingly voted in favor of an early proposal to implement the lending protocol on the Ethereum Layer 2 network ZKsync.
The Aave Chan Initiative wrote the AFRC proposal, or Aave Formal Request for Comments, which received 662,000 “yes” votes, indicating a resounding endorsement from the community. For ultimate acceptance, the proposal will now be put to an AIP on-chain vote.
According to the proposal, Aave may provide customers with quicker and less expensive transactions while preserving the security and decentralization of the Ethereum mainnet by integrating with zkSync.
The proposal states that implementing Aave on ZKsync will result in reduced transaction costs, a bigger market for Aave’s GHO stablecoin, and improved scalability and network interoperability.
Although it hasn’t yet deployed on the chain, ZKsync’s records indicate that Aave obtained the biggest allocation of any native project—8.3 million ZK tokens—following the protocol’s recent airdrop. Founder of the Aave Chan Initiative Marc Zeller said, “The large allocation is because we’ll be #1 on zksync,” in response to an inquiry from an X user.
Zeller just revealed on X that governance is presently debating returning 100% of the airdrop to Aave users.
Not all requests to bring Aave to new networks are approved; 90% of voters rejected a recent AFRC vote to bring Aave to the Ethereum Layer 2 network mode.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
