Aave Community Discusses Deployment of Aave V3 MVP on Polygon zkEVM Network

03/03/2023 09:26 • Tech Ticker • 88 views

On March 3, the Aave community launched a discussion on the temperature check and governance of the deployment of the Aave V3 MVP version on the main Polygon zkEVM network. At present, the community hopes that through the proposal discussion, the deployment of Aave V3.0.1 (MVP V3) on zkEVML2 will enable Aave Governance to establish a strategic position on the network as soon as possible. The deployment of AaveV3 has a small development workload, but in order to reduce risks, the proposal proposes to limit the inflow of assets and set conservative risk parameters so that the development and risk service providers can conduct a more in-depth analysis of the zkEVM network. The proposal proposes to add only three collateral (WETH, WMATIC and USDC) and one lendable asset (USDC) to reduce risk.

The Aave community initiated a discussion on the temperature check of deploying the Aave V3 MVP version on the main network of Polygon zkEVM

Interpret the above information:

The Aave community recently launched a discussion on the deployment of the Aave V3 MVP version on the main Polygon zkEVM network. The community hopes that by deploying Aave V3 on zkEVML2 as soon as possible, Aave Governance will establish a strategic position on the network.

The proposal suggests limiting the inflow of assets and setting conservative risk parameters to reduce risks associated with deploying Aave V3 on the network. The development workload for deploying Aave V3 on the Polygon zkEVM network is small, but the community wants to ensure that there is in-depth analysis of the network by development and risk service providers. By introducing only three collateral (WETH, WMATIC, and USDC) and one lendable asset (USDC), the community can minimize the risks that come with the deployment.

Aave Governance is one of the key aspects of the Aave protocol that allows its stakeholders to have a say in the governance of the platform. Therefore, following the proposal of the deployment of Aave V3 MVP, it is essential to establish a strategic position on the Polygon zkEVM network. Polygon is a layer-two scaling solution that is gaining traction in the DeFi space, providing cheaper and faster transactions than other blockchain networks. Aave Governance seeks to leverage this potential and make the platform more accessible to users.

The proposal only suggests adding three collateral and one lendable asset to the Polygon zkEVM network to reduce the risk associated with deploying Aave V3 MVP. While the deployment has a small development workload, the community is taking a proactive approach to ensure that the platform is secure and sustainable in the long run. By reducing the risks associated with deploying Aave V3 MVP, stakeholders can make informed decisions to contribute to the governance of the platform.

In conclusion, the Aave community’s proposal to deploy the Aave V3 MVP on the Polygon zkEVM network is a significant step towards establishing a strategic position on the network. By introducing only three collateral and one lendable asset, the community aims to reduce risks associated with the deployment. This proposal reflects the community’s commitment to providing a secure and sustainable DeFi platform that is accessible to all.

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