- Aave V3 is now live on the Aptos testnet, marking a significant milestone.
- The testnet phase focuses on validating safety, stability, and performance.
- Successful testing will lead to governance approval and eventual mainnet deployment.
Aave V3 has launched on the Aptos testnet, marking the first-ever non-EVM deployment of the Aave Protocol. This deployment aims to test the protocol’s safety, stability, and performance on the Aptos blockchain. The goal is to ensure everything functions well before the potential mainnet release.
A Collaborative Effort with Aptos and Chainlink
Bringing Aave V3 to Aptos was not an easy task: it required rewriting the whole Aave codebase in the Move programming language, which is quite a big change from the usual EVM environment. Aptos offers high throughput, low fees, and security with the help of Move, thus making it very attractive for Aave’s first non-EVM integration.
This was in close collaboration with the Aptos Foundation and Aave Labs. In 2024 alone, the Aptos blockchain has seen unprecedented growth: from $100 million, its TVL has risen to $1.8 billion. This makes Aptos one of the most promising chains in terms of future DeFi adoption. Second of all, Aptos recently added USDC and USDT as collateral types, making the asset familiar and more appealing for Aave users.
Aave Labs also partnered with Chainlink on price feeds at Aptos, which assures the high quality and certainty of the information feeding Aave’s Protocol. This integration sets the baseline for a frictionless process subsequent to the efforts created by Aave Labs, Aptos Foundation, and Chainlink. Now that the testnet is live, the community can test it and provide feedback for enhancements, says Aave Labs.
Testing and Security: A Top Priority
Security is paramount at Aave Labs. The team, right from the outset, worked with security researchers to ensure the protocol follows strict standards of safety. Of course, the rewrite of the code and adaptation to Aptos’ VM means that new security challenges had to be overcome. To this end, Aave Labs conducted early security audits with firms like Certora, SpearBit, and OtterSec.
A security contest is also planned once these audits are complete. This phase of the testnet will really provide a venue for Aave Labs to ensure that, in fact, the protocol has been correctly validated. Including performance of functionalities in Aave V3 with security in particular focus, going to be key on this testnet. By the end of this testnet, the Aave Labs team will still closely collaborate with the Aptos team, Chainlink, and security auditors on how best to bring this into the readiness of a mainnet deployment.
Once testing is complete, the proposal will enter the ARFC stage for comments and feedback from the Aave community and service providers. After considering positive feedback, the proposal will enter the AIP stage for final governance approval. Updates about the project will be shared by Aave Labs as the project evolves. Developers can also have direct access to the codebase and contribute to further developing the project.
