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Aptos Foundation Proposes First Non-EVM Deployment of Aave V3 on Aptos Mainnet

Jul 1, 2024, 02:19 PM

The Aptos Foundation has introduced a proposal to deploy Aave V3 on the Aptos Mainnet. This initiative is part of Aave's open governance process and represents the first deployment of Aave to a non-EVM blockchain. The integration code, built in Move, has already been developed by Aave Labs and deployed onto the Aptos testnet. The proposal aligns with the Aave 2030 plan to expand the Aave Protocol beyond EVM networks. According to Stani Kulechov, the collaboration aims to bring decentralized finance (DeFi) to a broader audience, leveraging Aptos' fast-growing ecosystem. Members of the Aave community have expressed excitement about this development.