[TEMP CHECK] Deploy Aave v3 on megaETH

Governance General
1

[TEMP CHECK] Deploy Aave v3 on megaETH

Author: ACI

Date: 2025-02-21

Simple Summary

This TEMP CHECK proposes the deployment of an Aave V3 pool on megaETH.

Motivation

MegaETH is an EVM-compatible blockchain that aims to bring Web2-level real-time performance to the crypto world for the first time. Their goal is to push the performance to hardware limits, bridging the gap between blockchains and traditional cloud computing servers.

MegaETH plans to offer several distinguishing features, including high transaction throughput, abundant compute capacity, and millisecond-level response times even under heavy load.

The network offers a performant location to the deploy the Aave protocol, and the megaETH team are planning to support Aave’s launch on the network.

Specification

Risk Parameters will be provided by Risk Service Providers during the ARFC stage and ARFC will be updated accordingly.

Useful Links

Disclaimer

The current proposal is powered by Skywards. ACI is not directly affiliated with megaETH and did not receive compensation related to this proposal.

Next Steps

  1. Publish a TEMP CHECK in order to get initial feedback from Community and Service Providers.
  2. Escalate proposal to TEMP CHECK Snapshot.
  3. If TEMP CHECK Snapshot pass, publish an ARFC to continue gathering community and Service Providers feedback.
  4. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.

Copyright

Copyright and related rights waived under CC0.

2 Likes
2

At first glance, we’re in support of this deployment and it’d be good to know exactly how the megaETH team will support Aave upon launch.

3

The current proposal has been escalated to TEMP CHECK Snapshot.

Vote will start tomorrow, we encourage everyone to participate.

4

As Michigan Blockchain, given the innovative technologies that are mentioned in MegaETH’s whitepaper, and given Aave’s efforts to expand to other blockchains, we support this at the TEMP CHECK stage.

However, our support is based solely on the whitepaper’s technical claims, as the public testnet is not live yet. Our key concerns include centralization risk from sequencer reliance and dependency on EigenDA’s infrastructure. Michigan Blockchain will do a comprehensive analysis after the testnet/mainnet is live.

-Kerem Dillice and nsks

1 Like
5

After Snapshot monitoring, the current TEMP CHECK Snapshot ended today, reaching out both Quorum and YAE as winning option with 816.5K votes.

Therefore, [TEMP CHECK] Deploy Aave v3 on megaETH has PASSED.

Next step will be the publication of an ARFC to continue the governance process. Closing thread to focus on ARFC