Hassan Maishera
The Aptos Labs announced via X on Monday that the Aptos Foundation has submitted a proposal to deploy Aave V3 on Aptos Mainnet as part of Aave’s open governance process. Aave Labs has built integration code and deployed it onto the Aptos testnet. If approved, this will be Aave's first deployment to a non-EVM blockchain.
The team believes that by leveraging Aptos’ innovative technology and developer community, Aave can address diverse financial needs, attract new users, and drive greater innovation in the DeFi sector.
Aptos is a scalable layer-1 blockchain based on Move programming language. APT is the native token of the project. APT is down by 2% and is trading at $7.02 per coin.
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 by using the liquidity from these pools. AAVE is trading at $98.84 per token, down by less than 1% in the last 24 hours.
