Aave, the world’s second-largest lending protocol, has officially launched its V3 market on Aptos. This makes it the first deployment outside the Ethereum Virtual Machine (EVM) ecosystem.
At the heart of this move is Aave’s strategic integration of Chainlink’s industry-standard price feeds, ensuring secure, real-time data for lending and borrowing on the Aptos network.
Aave Expands Beyond the EVM
Aave has been a dominant force in DeFi since its inception. This is due to over $50 billion in historical deposits and nearly $37 billion in total value locked. Until now, its presence was limited to Ethereum and EVM-compatible chains like Arbitrum and Optimism. The Aptos deployment is the protocol’s first major step outside this familiar territory.
To make this leap, Aave Labs undertook a complete rewrite of its V3 protocol in Move, Aptos’s native, Rust-based smart contract language. This reimagining involved adapting core business logic, rebuilding the user interface, and navigating Aptos’s unique virtual machine, a far cry from the infrastructure that has powered Aave’s EVM success.
Why Aptos and Chainlink Price Feeds
Aptos stands out for its remarkable performance capabilities, including high throughput and sub-second finality. This Layer 1 blockchain, powered by Move, boasts the capacity for up to 150,000 transactions per second.
This makes it highly attractive for DeFi platforms seeking scale and efficiency. Aptos’s emerging stablecoin economy, valued at roughly $1.3 billion, provides fertile ground for Aave as it seeks to mobilize new pools of liquidity.
Aave’s integration with LINK’s Chainlink on Aptos is a linchpin for the protocol’s multichain ambitions. By leveraging Chainlink’s tamper-proof, real-time price feeds, Aave ensures accurate asset pricing, a critical factor in maintaining secure and reliable lending markets.
The collaboration between Aave, Chainlink, and the Aptos Foundation took shape after rigorous security audits, including a $500,000 bug bounty and a mainnet Capture-the-Flag competition. This security-first approach underscores Aave’s commitment to safeguarding users and assets in its new environment.
Launch Plan And Available Assets
The initial Aptos market supports four key assets: Aptos (APT), sUSDe, USD Coin (USDC), and Tether (USDT). Supply and borrow caps will be raised incrementally in response to market demand, with governance proposals managing future risk settings. User rewards and liquidity incentives provided by the Aptos Foundation aim to fuel adoption and total value locked.
To access the new market, users will need Aptos-compatible wallets such as Petra, available on browser and mobile. Bridging assets into Aptos opens the door to a new generation of decentralized lending and borrowing, now powered by both Aave and Chainlink.
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