Aave to integrate BNB Chain, StarkNet and Polygon zkEVM networks.

The DeFi platform Aave is preparing to integrate with the BNB Chain, StarkNet and Polygon zkEVM networks.

On 3 April, the project’s community initiated a vote on deploying Aave V3 on StarkNet, which is due to conclude on 11 April. At the time of writing, 99.91% supported the idea.

The proposal details a two-stage process for the integration between the networks.

Earlier, AAVE token holders unanimously approved deploying the protocol in the recently launched beta version of the Polygon zkEVM network. To reduce risk, only three collateral types are recommended — wETH, wMATIC and USDC.

StarkNet and Polygon zkEVM are second-layer networks that use zero-knowledge proofs to scale Ethereum.

Aave V3 is the third major iteration of the protocol. It introduces new features, including more sophisticated tools and risk-management parameters designed to better protect users and the network itself.

On 4 April, Mark Zeller, the founder of the initiative to expand the protocol, proposed deploying Aave V3 on the BNB Chain, supported by Binance.

“This integration is aimed at strengthening growth and cooperation between the Aave and BNB Chain communities, providing new opportunities for both ecosystems,” notes Zeller.

The initiative will allow using BNB, wBTC, bETH, wETH, USDC and USDT as collateral. In addition, Aave will gain access to BNB Chain’s user base and its decentralized finance ecosystem.

Currently, Aave v3 is available on several blockchains, including Ethereum, Polygon, Avalanche, Harmony and Fantom, as well as on the Layer 2 networks Arbitrum and Optimism.

Earlier in March 2023, the Aave community began the first phase of ‘rescue mission’ to recover tokens sent to erroneous smart contracts. The proposal received 100% support.