Finance News
By Maheen Hernandez
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Aave Protocol are looking to explore the scalability phase in the DeFi space thus ensuring decentralized finance back into everyone’s hands.
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It is very well known that Aave was born in Ethereum L1. The Aave community acknowledges that the EVM and the Ethereum Network is the center of gravity for DeFi.
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When it comes to DeFi being a public blockchain, it is all about supply and demand. If there is a high transaction fee on the network it is a sign that actors are ready to pay…
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It is important for DeFi to be available to everyone. It is not only the High Network individuals who will need access to the network, but everyone will need access to the DeFi…
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The scalability solutions on Ethereum like side chains, rollups, and Zero-knowledge based solutions are very difficult.
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The Aave protocol are focused on making a multi-market approach and they will be implementing scalability solutions in New Frontiers.
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Aave protocol is special because they avoid the “winners take all” scalability solution. They think on behalf of everyone.
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Replicating and deploying Ethereum L1 code is a very easy process. Aave are making use of the First Wave: Sidechains with Polygons previously known as MATIC to help with…
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Thus, they are looking to onboard new kinds of collaterals which will naturally fit in the network.
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A smart-contract bridge will also soon be facilitated to ensure those who are interested to explore this new frontier to be able to access and use it.
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