In order to deploy V3 to StarkNet, Aave started a vote to check temperatures
Key Points:
- To install Aave V3 on StarkNet, Aave has initiated a Temp Check vote.
- The proposal proposes that Aave and StarkNet would combine in two stages. The first step is to construct a cross-chain bridge for aTokens between StarkNet and Ethereum.
- The overwhelming majority of the community had already given their approval for Phase 1.
The Aave community launched a “Temp Check” vote to launch Aave V3 to StarkNet.
The proposal proposes that the Aave and StarkNet integration plan be carried out in two stages. The first step is to install a aTokens cross-chain bridge between StarkNet and Ethereum. The community has voted on the first phase.
This proposal is made on behalf of Starkware and the Starknet community in response to a positive signal to obtain a temperature check for the entire V3 protocol implementation on Starknet. The second phase, which involves fully deploying the protocol on StarkNet, is the goal.
In the proposal, numerous advantages of deploying on Starknet were mentioned.
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Consequently, despite the fact that Starknet has only been operational for a little over a year, it has already attracted a staggering number of brand-new projects and developers. This pace is only expected to increase with the Starknet enhancements that are planned. In the not-too-distant future, Starknet intends to complete a few significant milestones that will improve development experience, reduce transaction costs, and increase scalability.
As a brand-new validity rollup, Starknet enables features that directly benefit Aave lenders and suppliers. Starknet natively supports Account Abstraction, allowing wallets to enhance the user experience. By launching on Starknet, the Aave ecosystem reaps immediate benefits from the additional capabilities provided by the Starknet ecosystem.
Starknet has other advantages, such as a reliable supply of liquidity. This is because Starknet uses a validity rollup, in which proofs of the entire state of Starknet are verified on Ethereum multiple times per day.
Starknet is not EVM-compatible, so the Aave V3 protocol must be rewritten to Cairo 1.0, unlike many chains where the Aave protocol is currently used. The team intends to request a $200,000 donation from the Aave community for development and audit fees if this application is approved and the network is evaluated by BGD, Gauntlet, and Chaos Labs.
The vote, which will end on April 11, currently has a support rate of 99.3 percent. The proposal must be voted on the chain if the vote is successful.
