Aave, a popular decentralized lending protocol, has launched its latest version, Aave V3, on the Era mainnet. This launch is powered by zkSync, which improves blockchain performance and privacy. Launching a new version is part of Aave’s broader strategy to enhance its ecosystem.
What does the Aave V3 launch mean for the Aave community? The launch is geared towards bringing more liquidity and yield-generating options to the Elastic Chain ecosystem. Aave users will be able to use advanced zero-knowledge (ZK) technology, which offers cheap transactions. Chainlink will also provide safe and accurate price information as part of this integration.
What do the experts think?
Aave Labs Founder and CEO Stani Kulechov, said of the launch, “This integration marks a pivotal moment for both the Aave and ZKsync communities, providing opportunities for increased access, collaboration, and innovation.”
Kulechov added that “by combining ZK-proofs and the unified Elastic Chain ecosystem, Aave can unlock unprecedented scalability, privacy, and security, expanding the DeFi user base and new institutional use cases.”
Alex Gluchowski, co-inventor of zkSync, remarked that Aave is a major player in the DeFi space. And has been key to the growth of crypto. He emphasized that as zkSync’s Elastic Chain grows, it’s essential to create a secure access point for all types of users, both retail and institutional, across various ZK Chains. With Aave now on the Era mainnet, more people can take full advantage of zkSync’s advanced technology.
More Opportunities for DeFi
Johann Eid, Chief Business Officer at Chainlink Labs, shared his thoughts on the new launch. Eid has worked with Aave since 2019 and with zkSync since early 2022. He emphasized that both projects have made a big impact on the DeFi and blockchain industries in a short time, helping to secure transactions, drive interest, and bring innovation.
Eid sees the launch of Aave V3 on the Era Mainnet as a significant step forward, combining a leading DeFi protocol with a pioneer in zero-knowledge technology. He also noted that Chainlink’s reliable price feeds are crucial for providing accurate market data for the protocol. Overall, he believes this launch is a key milestone for DeFi’s growth and has great potential to attract more institutional users to on-chain finance.
The launch of Aave V3 on Era opens up new opportunities for privacy-focused DeFi applications. This move could pave the way for new institutional use cases, such as private networks or networks customized for specific asset classes and user needs.
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