The Aave community is excited to announce a new ARFC proposal focused on implementing Aave V3 on ZKsync.

In the realm of decentralized finance, or DeFi, the Aave lending protocol has launched a new ARFC proposal with the goal of securing votes for the implementation of Aave V3 on the Aave ZKsync utilizes zero-knowledge rollups to consolidate multiple transactions off-chain, verifying them with a single proof on the Ethereum network. This innovative approach significantly improves transaction capacity while reducing gas fees. Moreover, users will see benefits in both deposit and borrowing activities thanks to these cost efficiencies and operational improvements. This deployment is set to enhance scalability and foster better interoperability while also opening up new avenues for Aave DAO’s stablecoin, GHO. ZKsync Era .

If the proposal garners enough votes, it will progress to the Snapshot phase. A favorable result in Snapshot will pave the way for collaboration with BGDLabs and Catapulta to establish an Aave V3 instance on

If the proposal Voting is currently underway and is set to wrap up on June 21st. So far, this initiative has achieved unanimous backing, boasting 100% in favor of the proposal. Z Ksync Era Aave V3 brings forth improvements in capital efficiency, stronger security measures, and cross-chain functionalities, all designed to enhance decentralization within the protocol. Key features include an isolation mode that allows Aave Governance to categorize new assets as isolated with designated debt limits, along with an E-mode that optimizes capital efficiency when collateral and borrowers are closely priced.

Aave has launched its Subgraph on The Graph, providing both developers and users access to a decentralized network made up of various indexers.

Functioning as a non-custodial liquidity market protocol, users can engage as either liquidity providers or borrowers. Providers inject liquidity to earn passive income, while borrowers can access funds via perpetual or one-block liquidity options.

Aave The integration of Aave's subgraph on The Graph allows developers and users to tap into a decentralized framework supported by multiple indexers, significantly enhancing the development of their decentralized applications (dApps).

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