The leading protocol, Aave’s creator Marc Zeller, proposed deployment of its V3 lending protocol on the BNB Chain to expand its ecosystem beyond the Ethereum chain.
Aave’s deployment will expand its presence and tap into the DeFi ecosystem and BNB Chain user base.
Proposals have been raised to enable Aave’s V3 deployment on Polygon’s zkEVM for better scalability. Supporters must submit an AIP for an on-chain vote prior to deployment. If the proposal passes, it would enable the deployment of Aave on BNB with the list of collateral digital assets, including BNB, WBTC, BETH, WETH, USDC, and USDT. Deploying Aave on the BNB Chain presents potential benefits for both Aave and BNB Chain ecosystems, as Aave would gain access to BNB Chain’s user base, DeFi ecosystem, and potential additional revenue. BNB Chain would benefit from having a flagship DeFi project like Aave on its platform, further diversifying DeFi options available to its users.
