Aave Breaks EVM Barrier—DeFi Goes Multiverse with Aptos Launch

Aave, a leading decentralized finance (DeFi) lending platform, has launched Aave V3 on the Aptos blockchain, marking its first deployment on a non-EVM (Ethereum Virtual Machine) chain. This move is part of the protocol’s broader multichain strategy, aimed at expanding its footprint beyond EVM-compatible networks and capitalizing on Aptos’s performance-driven architecture. At launch, Aave supports native USDC, USDT, APT, and sUSDe on Aptos, with the Aptos Foundation offering liquidity incentives and user rewards to encourage adoption. The integration of Chainlink Price Feeds ensures oracle-secured markets, a critical feature for mitigating risks associated with price volatility and data inaccuracies in DeFi platforms [1].

Aave, governed by the Aave DAO, has over $50 billion in net deposits and nearly $37 billion in total value locked, making it one of the most prominent DeFi protocols. The platform enables users to earn interest on deposits, borrow crypto assets against collateral, and use the GHO stablecoin, an overcollateralized asset issued by Aave. The expansion to Aptos represents a significant milestone in Aave’s strategy to become a global financial infrastructure provider, operating across multiple chains to enhance accessibility and efficiency [1].

Aptos, a proof-of-stake Layer 1 network built on the Move programming language, positions itself as a high-performance solution for onchain applications. The network emphasizes low-latency finality and high throughput, making it appealing to developers and institutions looking to build scalable DeFi and stablecoin solutions. The collaboration with Aave aligns with Aptos’s vision for a global trading engine and underscores the platform’s ambitions to attract traditional finance players into the DeFi ecosystem [1].

To deploy Aave V3 on Aptos, the Aave team re-implemented the protocol in Move, developed a new front-end and SDK, and conducted extensive architecture reviews, testing, and security audits. Security evaluations were carried out by firms such as Zellic, Ottersec, and Certora, while risk parameters were developed by Chaos Labs and LlamaRisk. In addition, Aave is offering a $500,000 bug bounty program, paid in GHO, as part of its ongoing security initiatives [1].

The launch on Aptos targets a growing stablecoin ecosystem on the network, with over $1.3 billion in stablecoins, primarily Tether’s USDT. Aave and Aptos see an opportunity to expand collateral markets, particularly in liquid staking tokens, where only about 8.1% of APT is currently staked in liquid forms, compared to 76% directly staked. By unlocking these markets, Aave aims to deepen lending and borrowing activity on Aptos and contribute to the network’s TVL growth [1].

Both Aave and Aptos anticipate that the integration will provide developers with full access to Aave’s lending infrastructure on Aptos, including a suite of tools for building onchain financial applications. Users and institutions will benefit from familiar borrowing and lending features, oracle-secured lending markets, and incentive programs. Looking ahead, the teams plan to expand supported assets, iterate risk parameters, and continue security programs to ensure the robustness of the new deployment. The launch is also viewed as a template for future non-EVM expansions, subject to Aave DAO governance [1].

Source: [1] Aave launches on Aptos in first non-EVM deployment as ... (https://www.theblock.co/post/367769/aave-launches-on-aptos-in-first-non-evm-deployment-as-part-of-multichain-strategy) [2] Aave (https://aave.com/) [3] Aave v3 WETH Price, AWETH Price, Live Charts, and ... (https://www.coinbase.com/price/aave-v3-weth)