Aave V3 Launches on ZKSync Era Mainnet, Targets Institutional DeFi Adoption

Aave V3 has officially launched on the ZKSync Era mainnet, marking a significant step forward in liquidity access and yield generation.

Aave V3 has officially gone live on the ZKSync Era mainnet, marking a significant step forward in liquidity access and yield generation within the zero-knowledge-powered blockchain ecosystem.

According to an announcement by Aave Labs on Monday, this deployment will enable the Aave community to tap into advanced ZK technology, ultimately expanding the reach of decentralized finance (DeFi) solutions.

This integration is set to drive greater institutional adoption within the Elastic Chain — a network of independent chains, including rollups, that utilize ZKSync’s innovative technology.

Meanwhile, the Aptos Foundation recently proposed deploying Aave V3 on the Aptos mainnet, further expanding Aave’s presence across diverse blockchain networks.

Expanding Institutional Use Cases

The deployment will introduce a range of new institutional use cases, such as private networks and custom platforms tailored to specific asset classes, user risk profiles, and market segments.

Furthermore, users will be able to access GHO, Aave’s decentralized, overcollateralized stablecoin.

Stani Kulechov, founder and CEO of Aave Labs, highlighted that the launch of Aave V3 on the ZKSync Era mainnet presents a unique opportunity for collaboration and innovation between the Aave and ZKSyn communities.

“By merging ZK-proofs with the Elastic Chain ecosystem, Aave can unlock unprecedented scalability, privacy, and security, expanding the DeFi user base and enabling new institutional use cases,” Kulechov said.

Integration of Chainlink Price Feeds

This deployment will also see Aave V3 integrate Chainlink’s robust price feeds, ensuring accurate and reliable data for users.

Moreover, the Aave Chan Initiative, an Aave DAO delegate and service provider, will handle the management and redistribution of any airdrops from ZKSync, utilizing liquidity mining and other incentive mechanisms.

The Aave DAO has approved four assets for initial accessibility on Era, including stablecoins USDT and USDC, Wrapped Ethereum (WETH), and Wrapped stETH (wstETH), enhancing the ecosystem’s utility and flexibility.

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