In their proposal, Aave advocates for the support of Superlend in rolling out a fork of Aave V3 on the Etherlink platform.

The decentralized finance (DeFi) lending framework. Aave A proposal has been set in motion to gauge the community's support for the possible endorsement of a DeFi protocol that intends to deploy a user-friendly fork of Aave V3 on Etherlink, which forms part of the Stage 2 Ethereum Virtual Machine (EVM) rollup, as well as on Arbitrum. Superlend Superlend aims to serve as a comprehensive lending and borrowing platform connecting various money markets across multiple blockchains. With its Etherlink market taking the lead, it strives to offer attractive yields and competitive borrowing rates by aggregating liquidity and opportunities from over 30 leading DeFi protocols.

Superlend is targeting the creation of a platform that allows users to manage their financial positions seamlessly across various blockchains and protocols, focusing on optimizing the Annual Percentage Rates (APRs) for lending while offering the best borrowing rates.

The proposal outlines its intention to kickstart money markets based on the Aave V3 code on both Etherlink and Arbitrum. Moreover, it aims to integrate Aave V3 markets launched by the Aave DAO into the aggregator as part of the EVM ecosystem, including those on Ethereum, Base, and Polygon.

For its deployment on Arbitrum, Aave plans to introduce an instance of Aave V3 that will focus entirely on ETH and assets correlated with ETH, like Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs), akin to what is on Ethereum. This arrangement will empower users to manage their positions within the Aave ecosystem while allowing Superlend to offer enhanced cross-chain liquidity management features.

In addition to this, Superlend has suggested a revenue-sharing model, proposing to distribute 15% of the income generated from these markets to the Aave DAO. Aave’s Lido instance The community is currently invited to vote on this proposal, which will remain open until September 8th. So far, an encouraging number of voters seem to be in favor of it.

Aave Protocol functions as a decentralized, non-custodial liquidity marketplace that permits participants to take on roles as suppliers, borrowers, or liquidators.

Suppliers contribute liquidity to the platform, earning interest on the cryptocurrency assets they provide, while borrowers can access loans that usually require them to over-collateralize. Additionally, there's the option for borrowers to engage in 'flash loans,' which are one-block borrow transactions that do not necessitate over-collateralization.

Aave Deploys V3 On ZKsync Era Mainnet 

Aave V3 is now live on the ZKsync Era Mainnet, bringing enhancements in areas such as scalability, privacy, and security to the platform.

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