Exclusive

Aave starts governance discussion to deploy on upcoming Polygon zkEVM mainnet

Quick Take

  • Aave is considering deploying a minimum viable version (MVP) of Aave v3 on Polygon’s upcoming zkEVM Layer 2 network.
  • The protocol said it aimed to establish a strategic presence on the Layer 2 network early on, soon after it mainnet beta goes live on March 27.

Aave, a decentralized lending protocol, is considering deploying a minimum viable version (MVP) of Aave version 3 on Polygon's upcoming zkEVM Layer 2 network.

Marc Zeller, the founder of Aave-Chan Initiative and an Aave protocol delegate, submitted this proposal to establish Aave's presence on Polygon's zkEVM network soon after its mainnet beta launch on March 27. The proposal is currently in the "temperature-check" phase.

To reduce risk, the proposal suggests limiting the onboarding of assets and setting conservative risk parameters. It recommends onboarding only three collateral types: wrapped ETH (WETH) and wrapped MATIC (WMATIC) tokens, as well as USDC stablecoin. It also recommends including only one borrowable asset, the USDC stablecoin.

The proposal says it also aims to lay the groundwork for possibly issuing Aave's GHO stablecoin on the zkEVM, if the governance were to consider this option in the future.

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