Deploying Aave V3 to the zkSync Era Main Network: A Temperature Check

On April 13th, the snapshot voting page showed that the Aave community initiated a temperature check vote for “Deploying Aave V3 to the zkSync Era main network”. The proposal currently has a support rate of 97.3%, and the vote will expire on April 15th.

The Aave community initiated a temperature check vote to deploy V3 to the zkSync Era main network

**Introduction**
On April 13th, 2021, an important announcement was made by the Aave community regarding the deployment of Aave V3 to the zkSync Era main network. The snapshot voting page showed that a temperature check vote had been initiated, and the proposal had already gained a significant amount of support. Currently, the proposal has a support rate of 97.3%, and the vote will expire on April 15th. Let’s dive into what this means for the Aave community and what we can expect.
**What is Aave V3?**
Aave V3 is the third iteration of the popular Aave decentralized finance (DeFi) protocol. It has been designed to improve on the previous versions by incorporating essential features such as lower gas costs, improved user experience, and enhanced security. With the addition of zkSync, Aave V3 aims to achieve faster transactions and lower fees while also increasing scalability significantly.
**What is zkSync Era?**
zkSync is a layer 2 scaling solution for Ethereum that aims to provide fast and cost-efficient transactions. The team behind zkSync is committed to optimizing and improving Ethereum’s scalability in a decentralized manner through the use of zero-knowledge proofs. The zkSync Era is the name given to zkSync’s transition from the beta phase to the mainnet.
**Why Deploy Aave V3 to zkSync Era main network?**
Deploying Aave V3 to the zkSync Era main network comes with several benefits for the Aave community. Perhaps the most significant benefit is the potential to reduce gas fees and transaction times, which have been a significant concern for many users of the Ethereum network due to the high cost and slow speeds. Implementing this upgrade comes with the hope of reducing the friction associated with using Aave and Ethereum in general, which is instrumental in increasing adoption of decentralized finance applications.
**Support for Deploying Aave V3 to zkSync Era main network**
As indicated earlier, the vote for deploying Aave V3 to zkSync Era main network has gained a significant amount of support. Currently, it has a support rate of 97.3%. This is a clear indication that the Aave community is excited about the benefits that come with this upgrade. With such massive support, it is almost certain that the proposal will pass.
**What to Expect from Deploying Aave V3 to zkSync Era main network**
Deploying Aave V3 to zkSync Era main network brings several improvements to the Aave ecosystem. One of the most notable benefits of this upgrade is improved efficiency, which will reduce gas fees and transaction times. Deploying to a more scalable platform such as zkSync is also expected to improve the overall user experience. Additionally, it is expected to bring new opportunities for developers to build on top of Aave’s platform, as this upgrade offers better support for smart contracts.
**Conclusion**
Deploying Aave V3 to zkSync Era main network is a significant move for the Aave community. The integration of zkSync is a big step forward towards securing Aave’s place as a leading decentralized finance platform. This upgrade is expected to reduce gas fees, increase scalability, and enhance the user and developer experience. The overwhelming support for this vote underscores the Aave community’s enthusiasm towards enhancing the network further.
**FAQs**
1. When will the zkSync Era main network go live?
The zkSync Era main network transition is expected to happen soon. However, the specific date has not yet been announced.
2. How much is the expected reduction in gas fees?
The exact reduction in gas fees cannot be predicted, but it is expected to be significant, given that the current gas fees are very high.
3. Will the Aave protocol remain decentralized after the upgrade?
Absolutely! The successful upgrade of Aave V3 to zkSync Era main network will not change the decentralization of the Aave protocol. Decentralization is at the core of Aave’s values and will continue to guide the development of the protocol.
**Keywords:**
Aave V3, zkSync Era, main network, decentralized finance, gas fees, scalability, user experience, smart contracts, zero-knowledge proofs, snapshot voting.