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Aave community discusses deployment of Aave V3 MVP version on Polygon zkEVM network

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On March 3, the Aave community launched a discussion on the temperature check and governance of the deployment of the Aave V3 MVP version on the main Polygon z…

Aave community discusses deployment of Aave V3 MVP version on Polygon zkEVM network

On March 3, the Aave community launched a discussion on the temperature check and governance of the deployment of the Aave V3 MVP version on the main Polygon zkEVM network. At present, the community hopes that through the proposal discussion, the deployment of Aave V3.0.1 (MVP V3) on zkEVML2 will enable Aave Governance to establish a strategic position on the network as soon as possible. The deployment of AaveV3 has a small development workload, but in order to reduce risks, the proposal proposes to limit the inflow of assets and set conservative risk parameters so that the development and risk service providers can conduct a more in-depth analysis of the zkEVM network. The proposal proposes to add only three collateral (WETH, WMATIC and USDC) and one lendable asset (USDC) to reduce risk.

The Aave community initiated a discussion on the temperature check of deploying the Aave V3 MVP version on the main network of Polygon zkEVM

Interpretation of the news:


The Aave community recently launched a discussion on the temperature check and governance of the deployment of the Aave V3 MVP version on the main Polygon zkEVM network. The community hopes that through this proposal discussion, the deployment of Aave V3.0.1 (MVP V3) on zkEVML2 will enable Aave Governance to establish a strategic position on the network as soon as possible.

The deployment of Aave V3 MVP version has a small development workload, which allows the Aave Governance to set a strong foothold on the Polygon zkEVM network. However, the proposal aims to reduce risks associated with the deployment by limiting the inflow of assets and setting conservative risk parameters. This will enable both the development and risk service providers to conduct a more in-depth analysis of the zkEVM network.

To reduce the risk, the proposal suggests adding only three collaterals (WETH, WMATIC, and USDC) and one lendable asset (USDC). The collateralization ratio for the assets will be set at 125%, which will further aid in reducing the risk. While the proposal aims to reduce the risk, it still provides significant opportunities for the Aave Governance to establish a strong foothold on the network.

In conclusion, the community discussion on the deployment of the Aave V3 MVP version on the Polygon zkEVM network is aimed at reducing risks and establishing a strategic position on the network. The proposal suggests that a conservative approach be taken to limit the inflow of assets, and only add a few collateral and lendable assets so that a more in-depth analysis of the network can be conducted. By deploying the Aave V3 MVP version on the Polygon zkEVM network with a strong focus on reducing risks, the Aave Governance can establish a strategic position while also creating a pathway for the long-term growth of the network.

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