Aave Community Considers Expanding Protocol to Neon EVM

Participants in the governance forum of the lending platform Aave have initiated a “temperature check” on a proposal to expand the third version to Neon EVM.

At this stage, Aave community members can share their opinions and feedback on the proposed integration. If there is sufficient support, the proposal will move to a voting stage for a final decision.

Neon EVM is an Ethereum virtual machine that operates as a smart contract on the Solana network.

The initiative was put forward by Neon Foundation and Aave Chan. It aims to extend Aave’s lending services to the Solana blockchain.

The authors proposed conservative risk parameters and a limited number of assets—three types of collateral (SOL, mSOL, jitoSOL) and USDC as a borrowable asset.

If approved, Aave will be able to leverage Solana’s liquidity to provide lending services.

According to the proposal, Aave v3 is already deployed on the Neon EVM developer testnet.

Back in November, the Neon EVM team integrated with IaaS from deBridge—a service providing cross-chain compatibility between EVM and SVM ecosystems.

In January, the Aave community supported the addition of PayPal’s PYUSD stablecoin.