Aave considers proposal to expand into Coinbase-backed Base network

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

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

Source: Digital Coin News (digitalcoinnews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ozone layer treaty pushed back ice-free Arctic summers up to 15 yearsA 1987 treaty to ban ozone-destroying gases helped delay the first Arctic summer with no ice, which is now projected to happen by 2037 at the earliest
Source: newscientist - 🏆 541. / 51 Read more »

Coinbase takes lobbying effort to DC airwaves with new TV ad'Lots of policy work to do to ensure America isn’t left behind,' Coinbase CEO Brian Armstrong wrote on Twitter.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Strand-selective base editing of human mitochondrial DNA using mitoBEs - Nature BiotechnologyMitochondrial point mutations are corrected in human cells using a transcription activator-like effector (TALE)-based system. PKU1898 A new tool for editing mitochondrial DNA NBTintheNews via LifespanIO PKU1898 Co-first author Zongyi Yi goes behindthepaper on how combining nickase with single-stranded DNA deaminase fused with programmable TALE protein enables efficient and strand-selective DNA base editing PKU1898 Research Briefing: CRISPR-free, strand-selective mitochondrial DNA base editing using a nickase
Source: NatureBiotech - 🏆 231. / 63 Read more »

Mass UFO Sighting Over California Military Base, New FootageUFO experts Jeremy Corbell and George Knapp release footage of a mass UFO sighting over a California military base.
Source: TMZ - 🏆 379. / 59 Read more »

Guardians Outfielder Accidentally Kills Bird With Base Hit Vs. White SoxCleveland Guardians outfielder Will Brennan accidentally killed a bird with a single on Monday, marking the second bird casualty on an MLB field in less than a week.
Source: NBCLA - 🏆 319. / 59 Read more »

Guardians' Will Brennan Kills Bird With Base Hit In Wild Scene During GameIt's a really bad time to be a bird at an MLB ballpark these days ... because for the second time in less than a week, one was killed in the field of play.
Source: TMZ - 🏆 379. / 59 Read more »