The Aave community enthusiastically approved the decision to deploy Aave V3 on the Aptos mainnet. The community vote, which concluded on July 19, 2024, marks the tokens' first step into a blockchain ecosystem outside of the Ethereum Virtual Machine (EVM).

Aave V3 Deployment on Aptos mainnet
The Aave community has overwhelmingly approved the deployment of Aave V3 on the Aptos mainnet. The proposal, initiated by the Aptos Foundation, received 99.6% approval during the voting process that lasted from July 16 to July 19, 2024. This approval represents the protocol's first step beyond Ethereum-compatible blockchains and marks a significant milestone for the token.

Until now, Aave had only operated on EVM-compatible chains. The move to Aptos, a layer 1 blockchain using the Move programming language, marks the beginning of a new era of expansion for the protocol and integration with different blockchain ecosystems. This transition could pave the way for Aave to have a presence in more diverse blockchain ecosystems in the future. Aave Labs had already developed the integration code for Aave V3 on Aptos using the Move language. This code has gone through extensive testing on the testnet, paving the way for a smooth transition to the mainnet. Successful deployment will make it accessible to developers in the Aptos ecosystem and potentially spur innovation and new DeFi applications.

Known for its rapidly growing and high-performance blockchain, Aptos provides an efficient platform for DeFi protocols. Aave's move of lending and borrowing services to the layer-1 blockchain aims to attract a broader user base and increase liquidity in the Aptos ecosystem.

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