Aave V3 Launches on Aptos Testnet, Exploring New DeFi Frontiers
Aave, a leading decentralised finance (DeFi) protocol, is expanding its reach by venturing into a non-EVM ecosystem for the first time. Aave V3 has been launched on Aptos' testnet, a significant step towards evaluating the protocol's security, stability, and performance in a new environment.
Aave Labs has rewritten the base code of Aave V3 in the Move programming language to ensure compatibility with Aptos. This move allows Aave to explore the benefits of Aptos' high performance and security features. The Aave team has also collaborated with Chainlink to develop production-ready price feeds for the protocol on Aptos.
The Aave community is encouraged to participate in testing the network. This phase aims to identify potential vulnerabilities and ensure the protocol's robustness before its mainnet launch. Aave Labs has worked with security researchers and external auditors to maintain high security standards throughout the process. Although specific names of security experts are not publicly available, their involvement has been confirmed.
The launch of Aave V3 on Aptos' mainnet is pending community approval and a governance decision. The TEMP CHECK vote in mid-2024 showed strong community support for this implementation. As Aave continues to innovate and expand, this move into a non-EVM ecosystem signals its commitment to exploring new opportunities in the DeFi space.
