Aave Community Approves Deployment Of V3 On Metis Network

• Aave is set to deploy its V3 on the Ethereum layer 2 Metis Network following approval from its community.
• The DeFi lending protocol aims to increase market liquidity through its debut on the Metis Network.
• The tokens associated with Aave and Metis saw a minor surge in price following the latest development.

The Aave community has rallied behind a proposal to deploy its version 3 (V3) on the Matis Network, a layer 2 Ethereum ecosystem. The DeFi lending platform’s V3 will go live on Metis Andromeda mainnet, which is the fifth-largest layer 2 network with a total value locked (TVL) of over $121 million.

According to Aave’s proposal overview, the proposal to deploy on Metis received an overwhelming response from the DeFi lending protocol’s community. With more than half a million yes votes and zero votes against, the proposal has been executed. As per Aave’s governance forum, WETH, USDC, USDT, DAI, and METIS will be listed following V3’s debut in Metis.

Aave aims to leverage Metis network’s framework for open, decentralized, and trustless collaboration between individuals, dApps, and Web2 organizations transitioning to Web3. Gauntlet and Chaos Labs…

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