Hassan Maishera
Aave Labs announced via X on Monday that ZKSync is now live on the Aave V3 mainnet, a month after the initial announcements. The launch will help unlock unprecedented scalability, privacy, and security while expanding the DeFi user base and new institutional use cases.
As part of the integration, Chainlink will provide secure and reliable price feeds. Furthermore, Aave Chan will coordinate with GHO incentives on behalf of Aave DAO by redistributing any airdrops received from the ZKsync ecosystem via liquidity incentives, safety module deployments, and Merit programs.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans using the liquidity from these pools. AAVE is trading at $168.4.72 per token, down 1% in the last 24 hours.
ZKsync is a Layer-2 scaling solution that makes transactions on Ethereum cheaper and faster by utilizing zero-knowledge rollups (zk-rollups) and zero-knowledge proofs (ZKPs). ZK is down 2% and is currently trading at $0.1244.
