Aave DAO signals unanimous support for deploying on ZKsync in community vote | Headlines | News | CoinMarketCap

06/24/2024 01:30
Aave DAO signals unanimous support for deploying on ZKsync in community vote | Headlines | News | CoinMarketCap

The community of lending protocol Aave has voted unanimously on an early proposal to deploy the lending protocol on the Ethereum Layer 2 network …

The community of lending protocol Aave has voted unanimously on an early proposal to deploy the lending protocol on the Ethereum Layer 2 network ZKsync, in collaboration with service providers BGDLabs and Catapulta. 

The AFRC proposal, or Aave Formal Request for Comments, was authored by Aave Chan Initiative and passed with 662,000 'yes' votes, signaling strong support from the community. The proposal will now move to an AIP on-chain vote for final approval. 

"By integrating with zkSync, Aave can offer users faster and cheaper transactions while maintaining the security and decentralization of the Ethereum mainnet," the proposal reads. Benefits of deploying Aave to ZKsync include lower transaction fees, an increased market for Aave's GHO stablecoin, and increased scalability …

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