The Good Tech Companies - Aave Launches On Era Mainnet Powered By ZKsync

Episode Date: August 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/aave-launches-on-era-mainnet-powered-by-zksync. Expansion Enables Greater Access to Liquidity and New Institutional Use Case Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #aave, #chainwire, #press-release, #zero-knowledge-proofs, #blockchain-development, #decentralized-internet, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Aave, the leading DeFi protocol governed by the Aave DAO, today announced the launch of Aave V3 on Era Mainnet powered by ZKsync. Aave will gain access to advanced zero-knowledge (ZK) technology that provides low-cost transactions while deriving security from Ethereum using cryptographic validity proofs.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Aave launches on-era mainnet powered by ZK-SYNC, by Chainwire. London, United Kingdom, August 21, 2024, Chainwire, Aave, the leading DeFi protocol governed by the Aave DAO, today announced the launch of Aave v3 on-era mainnet powered by ZK-SYNC. With efficient and secure transactions provided by ZK-SYNC. With efficient and secure transactions provided by ZK-SYNC technology, the launch of Aave V3 on-era is poised to bring liquidity and yield generation capabilities to the elastic chain ecosystem. Users of Aave will gain access to advanced zero-knowledge, ZK, technology that provides low-cost transactions while deriving security

from Ethereum using cryptographic validity proofs. As part of the integration, Chainlink will provide secure and reliable price feeds. Greater than. This integration marks a pivotal moment for both the Aave and ZK-SYNC greater than communities, providing opportunities for increased access, collaboration, and greater than innovation, said Aave Labs founder and CEO Stani Kulichov. Greater-than. By combining ZK proofs and the unified elastic chain ecosystem, Aave can greater-than unlock unprecedented scalability, privacy, and security, expanding the DeFi greater-than user base and new institutional use cases.

Greater-than Alex Gluchowski, co-inventor of ZK-SYNC, commented, Aave has established Greater Than itself as one of the leading DeFi protocols and has played a core role in the Greater Than growth and adoption of crypto since its launch. As ZK-SYNC's elastic chain Greater Than keeps building momentum, it is important that it become a place where both Greater Than retail and institutional users can leverage a secure access point for the Greater Than digital asset ecosystem across all ZK chains. ZK-SYNC is the most advanced and greater-than-future proof scaling solution powered by ZK-proof technology. And with the greater-than deployment of Aave on Aira, a greater audience will be able to leverage ZK-SYNC greater than to its fullest

potential. Greater than, greater than, greater than, I've been working with the Aave team since 2019 and ZKSYNC since early greater than 2022, said Johan Ede, chief business officer at Chainlink Labs. Greater than, in a short amount of time, both projects have had a profound impact on DeFi greater than in the blockchain industry as a whole, helping to drive interest, secure greater than transactions, and bring a large amount of value and innovation into this greater-than space. Aave V3's deployment on ERA Mainnet brings together a foundational DeFi greater-than protocol and a pioneer that is pushing the zero-knowledge space forward, which greater-than is a major step forward for our industry, and Chainlink price feeds are greater-than playing a key role in ensuring that the market data powering the protocol is greater-than ultra-reliable and accessible. This launch is an

important milestone in terms greater than of DeFi scalability, and its potential to increase institutional usage is in greater than exciting development for on-chain finance at large. Greater than greater than, a layer 2 scaling solution that leverages ZK technology, ZK-SYNC offers low-cost, faster transactions in a secure and decentralized environment. The addition of Aave is set to attract a wider user base, improve the user experience, and establish Aave as a leading DeFi protocol within the rapidly growing elastic chain ecosystem. DeFi gateway for institutional finance The Aave deployment will also set the stage for privacy-focused DeFi applications. These applications will leverage AVE's competitive

liquidity, flexibility and conservative risk management to meet the increasing demand for enhanced privacy in DeFi. Additionally, this deployment is expected to unlock new institutional use cases, ranging from private networks to networks tailored for specific asset classes, risk profiles, and user segments. This integration also unlocks new opportunities for the Aave native overcollateralized stablecoin GHO and future products, such as fast, cost-efficient payments. After positive technical evaluation done by BGD Labs and positive risk analysis by Chaos Labs and As and asset parameters recommendations by the risk service providers bgd had deployed the integration and the ave dao has approved usdc usdt weth and wst eth as the initial assets available on era the initial risk parameters

for each asset can be found here the ave dow is committed to redistributing any airdrops received from the ZK-SYNC ecosystem via liquidity mining towards Aave users. The distribution will include GHO secondary liquidity incentives, safety module deployments, and merit programs. Aave-Chan Initiative. ACI, one of Aave DAO's service providers, will coordinate a TINI liquidity mining campaign on the ZK-SYNC Aave V3 deployment on behalf of the Aave DAO. The deployment governance proposals can be found here and here. Contact M Group Strategic Communications P. Padovano at mgroupsc.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon's business blogging program. Learn more about the program here.

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