Aave is considering a proposal to deploy its V3 on the emerging Base network, a Layer 2 blockchain solution backed by Coinbase.
The proposal was brought forward on Wednesday by Francis Gowen, a protocol specialist at the analytics firm Flipside Crypto who also serves as a delegate and contributor to Aave. It's currently undergoing an initial “temperature check” stage, when Aave community members can provide feedback.
In the proposal, Gowen outlined suggested risk parameters for assets slated for deployment on Base. If the current phase secures enough preliminary votes of support, the proposal will transition to the next stage for further discussion and risk parameter evaluations. If successful, the proposal will advance to a final on-chain vote, paving the way for deployment.
Gowen's proposal also suggested that integrating Aave with Base could create significant revenue streams for the project and provide it access to a potentially large user base, an expectation underscored by robust developer activity observed during Base’s initial phase. For instance, 18,000 developers have already deployed 55,000 smart contracts on the testnet, signaling strong growth potential for the mainnet upon launch.
If greenlit, the proposal would be beneficial for the Base network, which is currently in its testnet phase. The project initially
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