{"id":311590,"date":"2024-05-28T18:39:42","date_gmt":"2024-05-28T13:09:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=311590"},"modified":"2024-05-28T18:39:42","modified_gmt":"2024-05-28T13:09:42","slug":"defi-protocol-aave-to-launch-bespoke-blockchain-following-v4-upgrade-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/defi-protocol-aave-to-launch-bespoke-blockchain-following-v4-upgrade-crypto-news\/","title":{"rendered":"DeFi protocol Aave to launch bespoke blockchain following V4 upgrade – Crypto News"},"content":{"rendered":"
\n

DeFi protocol Aave<\/a> plans to launch an \u201cAave Network\u201d chain after completing its V4 upgrade.<\/p>\n

Stani Kulechov, the lending protocol\u2019s founder, revealed this in a May 27 social media post, saying<\/a>:<\/p>\n

\n

\u201cThis is not a drill, Aave Network is planned to come after V4.\u201d<\/p>\n<\/blockquote>\n

While Kulechov failed to provide additional information about the plan, he hinted<\/a> that the chain could be launched by \u201cnext year for sure or earlier.\u201d<\/p>\n

According to DeFillama data<\/a>, Aave is the largest lending protocol in the DeFi sector, with the total value of assets locked at $13.2 billion.<\/p>\n

Aave Network<\/h2>\n

Earlier this month, Aave Labs proposed<\/a> the Aave Network as part of its strategic 2030 roadmap.<\/p>\n

The firm said the network would serve as the primary hub for Aave and GHO while maintaining a multichain and network-agnostic approach.<\/p>\n

It added:<\/p>\n

\n

\u201cWhile Ethereum would remain the home of the Aave DAO and the Aave governance, the network can bring unprecedented growth to Aave and GHO by opening up unexplored markets.\u201d<\/p>\n<\/blockquote>\n

The proposal outlined plans to use the GHO stablecoin for gas fees, while the AAVE token would be the main staking asset for decentralized validators and sequencers.<\/p>\n

Meanwhile, Aave Labs emphasized that it would continue monitoring the evolution of both Layer 1 and Layer 2<\/a> blockchains before finalizing its planned network architecture. However, it confirmed that the Aave Network will inherit its security from Ethereum.<\/p>\n

Community welcomes news<\/h2>\n

Crypto community members have strongly welcomed news of the Aave Network plans.<\/p>\n

Jason Ma, the head of DeFi at Axelar Foundation, said<\/a>:<\/p>\n

\n

\u201cAll successful apps will launch their own chains over time.\u201d<\/p>\n<\/blockquote>\n

Meanwhile, Marc Zeller, the founder of the Aave Chan Initiative, claimed<\/a> that Aave would be the largest Ethereum<\/a> Layer with a market size of $20.5 billion. This would place it ahead of other Ethereum-based layer-2 networks like Optimism<\/a>, Arbitrum, and the fast-rising Coinbase-backed Base network.<\/p>\n

He added that Aave would rank as the third-largest chain after Ethereum and Tron with that market cap.<\/p>\n

Avara, the parent of Aave, recently announced Lens Network<\/a> to expand Lens Protocol, built on zkSync technology, and Kulechov has advocated strongly for the workflow for launching appchains.<\/p>\n

Mentioned in this article<\/h6>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

DeFi protocol Aave plans to launch an \u201cAave Network\u201d chain after completing its V4 upgrade. Stani Kulechov, the lending protocol\u2019s founder, revealed this in a May 27 social media post, saying: \u201cThis is not a drill, Aave Network is planned to come after V4.\u201d While Kulechov failed to provide additional information about the plan, he […]<\/p>\n","protected":false},"author":2,"featured_media":311591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-311590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=311590"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311590\/revisions"}],"predecessor-version":[{"id":311592,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/311590\/revisions\/311592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/311591"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=311590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=311590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=311590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}