"Temperature Check" to Deploy Aave on zkSync Era Mainnet Passes Governance Vote

The Aave community overwhelmingly backed a proposal to introduce the decentralized exchange (DEX) on the zkSync Era Mainnet, with over 99% of Aave (AAVE) token holders approving the move during the "temperature check" vote.

Closing on April 16th, the vote demonstrated a strong positive sentiment among AAVE token holders to deploy the third version of the lending and borrowing protocol on the zero-knowledge Ethereum Virtual Machine (zkEVM).

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The initial proposal, presented on March 26th, specified that the launch would be limited to USD Coin (USDC) and Ether (ETH).

With the temperature check vote completed, the proposal will move forward to further discussion, risk parameter evaluation, and finalization. If successful in these stages, the proposal will be submitted for voting and on-chain governance approval.

Only 0.02% of Aave (AAVE) token holders voted against the proposal, while another 0.02% abstained from voting.

The proposal indicates that deploying on zkSync can benefit the Aave ecosystem by attracting new users to decentralized finance (DeFi) and solidifying Aave's position as a leading borrowing platform within the zero-knowledge ecosystem.

Previously, the Aave community voted to deploy the Aave V3 codebase on zkSync's v2 Testnet, which was also approved in an off-chain vote.

Decentralized exchange Uniswap is also planning to launch the zkEVM solution provided by scaling solution provider Polygon following a successful governance proposal.

At the end of February, Aave successfully cleared its bad debt of 2.7 million Curve (CRV) tokens due to a governance vote that approved the purchase of the necessary CRV tokens via the ParaSwap decentralized exchange aggregator.

The overwhelming support for Aave's zkEVM launch proposal showcases the community's enthusiasm for the platform's future and growth in the DeFi space.

Gile K., Market Sentiment Analyst

Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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