The Aave community initiated a discussion on the temperature check of deploying the Aave V3 MVP version on the main network of Polygon zkEVM

On March 3, the Aave community launched a discussion on the temperature check and governance of the deployment of the Aave V3 MVP version on the main Polygon zkEVM network. At present, the community hopes that through the proposal discussion, the deployment of Aave V3.0.1 (MVP V3) on zkEVML2 will enable Aave Governance to establish a strategic position on the network as soon as possible. The deployment of AaveV3 has a small development workload, but in order to reduce risks, the proposal proposes to limit the inflow of assets and set conservative risk parameters so that the development and risk service providers can conduct a more in-depth analysis of the zkEVM network. The proposal proposes to add only three collateral (WETH, WMATIC and USDC) and one lendable asset (USDC) to reduce risk.

Interpretation of this information:

The message relates to the deployment of Aave V3 MVP version on the main Polygon zkEVM network, which has been the subject of discussion by the Aave community since March 3, 2022. The current proposal aims to allow Aave Governance to establish a strategic position on the network as soon as possible. Although the development workload is small, the proposal suggests limiting the inflow of assets and imposing conservative risk parameters to reduce potential risks.

By deploying Aave V3 MVP version on the zkEVML2 network, Aave Governance can establish a strong foothold in the DeFi space on Polygon and attract more users to the Aave protocol. It is encouraging to see that the community is taking a proactive approach to ensure a smooth deployment of the new version. The proposal’s suggestion to limit the inflow of assets is an important step to ensure that the Aave protocol can handle the load of new users on the network without experiencing any scalability issues.

The deployment of Aave V3 MVP version is expected to have a small development workload, but there is a need to reduce potential risks. To mitigate these risks, the proposal recommends the addition of only three collateral (WETH, WMATIC, and USDC) and one lendable asset (USDC). This approach will enable development and risk service providers to conduct a more in-depth analysis of the zkEVM network’s performance and reduce the risk of asset loss or security breaches.

Overall, the message emphasizes the importance of deployment of Aave V3 MVP version on the main Polygon zkEVM network and how it can pave the way for establishing a strong presence in the DeFi space. The proposal’s recommendations provide a practical and strategic approach to reduce potential risks and ensure a smooth deployment of the new version. It is encouraging to see the community engaging in discussions and working towards a common goal of advancing the Aave protocol. As the DeFi space continues to evolve and grow, initiatives like these will play a vital role in ensuring the sustainability and success of the project.