[ad_1] <br><div><p>Main DeFi Lender Appears to be like To Increase L2 Presence</p> </div><div><p>Aave, the highest decentralized lending protocol with almost $8B in whole worth locked (TVL), is ready to launch on Polygon’s new zkEVM Layer 2 community.</p><p>A preliminary ballot pitching the deployment on Polygon ZkEVM <a target="_blank" href="https://signal.aave.com/#/proposal/0x0777eb4701023508c03825e2779e6189326ed9b3d1eb6e187d1f6e0f8d154605" rel="noreferrer noopener">passed</a> on Wednesday with near-unanimous assist. The proposal will now transfer to a proper on-chain vote.</p><figure><img src="https://lh3.googleusercontent.com/jnp-3uqBfrpqPDbHI7DU3fNcvpHCVlfjCxbGmF2lqZq1SlYa7QvLI2rv2htZEJYSjmM226l6O23-X9Fln49sxo30TPncgqEYoCIpXMHz1Qm5Dfuy99MQCnWPfcjQOjkmP9F8quMNr8rHWWc1zxCeLPQ" alt="" loading="lazy"/></figure><p>Aave V3 was launched on the Polygon zkEVM testnet in October 2022, which means the code has already undergone six months of testing. The protocol would initially preserve conservative danger parameters, proposing assist for under USDC, ETH, and MATIC when deployed.</p><p>If handed, the deployment might provide vital advantages for each tasks. Aave v3 might drive vital worth onto Polygon’s fresh-faced zkEVM community, whereas probably giving Aave a aggressive edge over rival lending protocols in search of to deploy on the community.</p><p>Aave additionally <a target="_blank" href="https://twitter.com/AaveAave/status/1639265662240530435" rel="noreferrer noopener">plans</a> to launch on ZkSync Period, additional increasing its presence throughout Ethereum’s rising Layer 2 ecosystem. Aave already operates on Arbitrum and Optimism, the 2 largest L2s. </p><h4>Longstanding Partnership</h4><p>Aave v2 was among the many first ‘blue-chip’ DeFi protocols to launch on Polygon’s PoS sidechain in April 2021, when Polygon initiated a $40M liquidity mining program.</p><p>Polygon’s TVL rocketed from $150M in mid-April to an all-time excessive of almost $10B simply two months later, based on DeFi Llama. Aave v2 stays the highest protocol on Polygon PoS with $316M, almost 30% of the community’s TVL. Polygon PoS is the fifth-largest sensible contract community with $1.1B in consumer deposits.</p><h4>zkEVM</h4><p>Polygon <a target="_blank" href="https://thedefiant.io/polygon-zkevm-live-mainnet" rel="noreferrer noopener">launched</a> its zkEVM in beta on March 27.</p><p>zkEVMs are <a target="_blank" href="https://thedefiant.io/polygon-zero-knowledge-proofs" rel="noreferrer noopener">zero-knowledge</a> rollups boasting compatibility with the Ethereum Digital Machine (EVM), Ethereum’s core sensible contract engine. Rollups work by bundling collectively transactions on Layer 2 earlier than submitting them to Ethereum’s mainnet for finalization, sharing the transaction charges incurred throughout every particular person transaction.</p><p>Arbitrum and Optimism emerged as Ethereum’s high Layer 2 options final yr. Each L2s are optimistic rollups, providing EVM compatibility on the expense of a seven-day delay on mainnet withdrawals to detect fraud.</p><p>In contrast, rollups secured by zero-knowledge proofs provide quick finalization and enhanced privateness. Nonetheless, early zk-rollups suffered from incompatibility with the EVM, which means builders couldn't simply port their code between the Ethereum mainnet and Layer 2.</p><p>Polygon joined a cohort of growth groups working to ship a zk-rollup providing EVM compatibility when it <a target="_blank" href="https://economictimes.indiatimes.com/markets/cryptocurrency/in-a-first-merger-of-blockchain-networks-polygon-buys-hermez-for-250-million/articleshow/85343598.cms?from=mdr" rel="noreferrer noopener">acquired</a> Hermez in August 2021 for $250M.</p></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://thedefiant.io/aave-polygon-zkevm-deployment">Source link </a>