Aave's first phase of cross-chain collaboration with StarkWare has completed development
2022/10/29 08:17
The first phase of Aave's cross-chain collaboration with StarkWare has completed development and will undergo community governance for deployment. This phase is a smart contract infrastructure for Aave v2's aToken cross-chain on Ether to StarkNet, allowing network users to become depositors of Aave v2 on Ether by acquiring cross-chain aToken in StarkNet. It also supports to enhance the yield of Aave v2's aToken holders on Ether by providing fee-based services to users to cross liquidity to StarkNet.
As previously reported, the first phase of the proposed partnership between Aave and Starkware was voted in with 100% support in February this year, and Starkware will boost StarkNet's user base by providing the Aave facility, for which both parties will co-finance about $385,000, and will be developed within 2-3 months.
All Comments0LatestHot
No records