{"id":50658,"date":"2021-10-05T10:19:06","date_gmt":"2021-10-05T07:19:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50658"},"modified":"2025-09-02T19:26:29","modified_gmt":"2025-09-02T16:26:29","slug":"aave-adds-avalanche-support","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/aave-adds-avalanche-support\/","title":{"rendered":"Aave adds Avalanche support"},"content":{"rendered":"<p>The lending platform Aave has integrated with the Avalanche blockchain. Previously, the project was present only on Ethereum and Polygon networks.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It\u2019s here. The Aave Protocol has now been deployed on <a href=\\\"https:\/\/twitter.com\/avalancheavax?ref_src=twsrc%5Etfw\\\">@avalancheavax<\/a> \ud83d\udc7b <a href=\\\"https:\/\/t.co\/RUp980IE7f\\\">pic.twitter.com\/RUp980IE7f<\/a><\/p>\n<p>\u2014 Aave (@AaveAave) <a href=\\\"https:\/\/twitter.com\/AaveAave\/status\/1445051818015445009?ref_src=twsrc%5Etfw\\\">October 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>On September 19, the community voted in favour of the Avalanche Foundation\u2019s corresponding request following the vote. As a result, the deployment of smart contracts on the C-Chain and activation of the liquidity mining program took place.<\/p>\n<p>The process is coordinated by guardians, who will subsequently hand the keys to the Aave community.<\/p>\n<p>Owners of <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-erc-20-tokens\">ERC-20<\/a> assets can transfer them to the Aave protocol on Avalanche, using the cross-chain bridge.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Those users with assets on Ethereum can now bridge them via <a href=\\\"https:\/\/twitter.com\/avalancheavax?ref_src=twsrc%5Etfw\\\">@avalancheavax<\/a> to deposit on the Aave Protocol. <a href=\\\"https:\/\/t.co\/3xA1CPrsc2\\\">https:\/\/t.co\/3xA1CPrsc2<\/a><\/p>\n<p>\u2014 Aave (@AaveAave) <a href=\\\"https:\/\/twitter.com\/AaveAave\/status\/1445099599623069703?ref_src=twsrc%5Etfw\\\">October 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Aave occupies the top position among <span data-descr=\\\"decentralized finance\\\" class=\\\"old_tooltip\\\">DeFi<\/span>-projects by <span data-descr=\\\"total value locked\\\" class=\\\"old_tooltip\\\">TVL<\/span> with a figure of $14.87 billion, according to <a href=\\\"https:\/\/defillama.com\/home\\\">DeFiLlama<\/a>.<\/p>\n<p><a href=\\\"https:\/\/defillama.com\/chain\/Avalanche\\\">DeFiLlama<\/a> estimates Avalanche&#8217;s share in the DeFi sector by total value locked at 2% \u2014 $4.05 billion of $196.86 billion. TVL growth started in the last ten days of August (the figure on August 19 stood at $337.4 million).<\/p>\n<p>In August, Avalanche <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-launches-a-180-million-fund-to-develop-defi-projects\">launched<\/a> a $180 million fund to develop DeFi projects. Aave, along with the decentralized exchange Curve and the strategy aggregator Stake DAO, were among the first participants in the liquidity mining program.<\/p>\n<p>In February, the ChainSafe development team created <a href=\"https:\/\/u1f987.com\/en\/news\/chainsafe-builds-bridge-to-move-defi-assets-between-avalanche-and-ethereum\">&#8220;bridge&#8221; between the Avalanche and Ethereum blockchains<\/a> to move assets of DeFi projects between the two ecosystems.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Aave lending platform has integrated with the Avalanche blockchain. Previously, the project was present only on Ethereum and Polygon networks.<\/p>\n","protected":false},"author":1,"featured_media":50659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1413,1097],"class_list":["post-50658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-avalanche-avax","tag-lending"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50658"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50658\/revisions"}],"predecessor-version":[{"id":50660,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50658\/revisions\/50660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50659"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}