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Aave Launches on Era, ZKsync’s First ZK Chain

Twitter icon  •  Published 4 महीने पहले on August 22, 2024  •  Hassan Maishera

Aave Labs announced via X on Wednesday that Aave V3 is launching on Era, ZKsync’s first ZK chain.

Aave Launches on Era, ZKsync’s First ZK Chain

Aave Labs announced via X on Wednesday that Aave V3 is launching on Era, ZKsync’s first ZK chain. Aave v3 accelerates DeFi utility and composability on Era and opens doors for new institutional use cases.

The launch unlocks unprecedented scalability, privacy, and security while expanding the DeFi user base and new institutional use cases.

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans using the liquidity from these pools. AAVE is trading at $137.72 per token, up 1% in the last 24 hours. 

ZKsync is a Layer-2 scaling solution that makes transactions on Ethereum cheaper and faster by utilizing zero-knowledge rollups (zk-rollups) and zero-knowledge proofs (ZKPs). ZK is up 1.5% and is currently trading at $0.1152.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.