Decentralized finance (DeFi) protocol aaveplans to place its Aave v3 MVP on the Polygon zkEVM mainnet to establish an early strategic presence in the new network.
Marc Zeller scored a March 3 tweetin Aave v3 polygon He presented his opinion on its inclusion on zkEVM. Zeller argues that deploying Aave V3 requires minimal development because ZkEVM is compatible with the Ethereum Virtual Machine (EVM). In fact, the V3 version of the network had successfully performed on the zkEVM testnet in October.
the @0xPolygon ZkEVM network will be live on March 27th. As a supporter of L2 diversity, The ACI published a proposal to deploy @AaveAave V3 there, as close as possible to “day one” of this network.
Feel free to participate in the governance discussionshttps://t.co/ep23D2Rl0R pic.twitter.com/Qbatux087H
NEWS CONTINUES BELOWâ Marc Zeller ð» ð ðŠð (@lemiscate) March 3, 2023
The Polygon zkEVM mainnet beta is scheduled to launch on March 27. This, EthereumThe EVM equivalent could be described as a zk-rollup layer-2 (L2), which represents a major step towards scaling .
According to the management proposal, deployment of Aave V3.0.1 on the ZkEVM L2 network, also known as âMVP V3â will give the network an early strategic presence. The DeFi protocol is currently used on leading blockchains such as Polygon and Avalanche.
The developers suggest that three collaterals WETH, WMATIC and USDC, as well as a loanable asset USDC, will reduce risk exposure.
Will Polygon (MATIC) and AAVE Prices Rise?
Polygon zkEVM is the first fully Ethereum Virtual Machine buildable ZK-rollup to reach master tree. This network will enable faster and cheaper transactions. Deployment on Aave will give the protocol an early advantage.
Therefore, it is expected that the launch will increase the prices of both altcoins.
You can follow the current price action here.