[TEMP CHECK] Deploy Aave v3 on Sonic

great, according to your info we will finish this check today, hope it can move to other steps asap and finish the whole progress with speed.

Current proposal has been escalated to TEMP CHECK Snapshot.

Vote will start tomorrow, we encourage everyone to participate.

4 Likes

what are BGD Labs and Chaos Labs saying regarding technical security of Sonic?

After Snapshot monitoring, the current TEMP CHECK Snapshot ended recently, reaching both Quorum and YAE as winning option, with 858.9K votes.

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

Next step will be the publication of an ARFC to continue gathering interest from community and Service Providers.

2 Likes

hi, where can I see this progress?

As Michigan Blockchain, we have supported deploying Aave V3 on Sonic. Sonic is developed by the creators of Fantom, who have a successful track record in blockchain innovation. Fantom achieved a peak TVL of $14.5 billion in 2021 which demonstrates the team’s capability to build and scale blockchain networks effectively. With 10,000 TPS and sub-second finality, Sonic is well-suited for DeFi applications, ensuring efficient and rapid transactions. Its EVM compatibility allows for seamless integration of Ethereum-based applications like Aave V3. The fee monetization model provides developers with a sustainable revenue stream, incentivizing continuous improvement. Additionally, the Sonic Foundation’s commitment of $15 million in funding, $2 million in migration incentives, up to 50 million $S tokens, and $20 million in USDC demonstrates strong support for this deployment. We believe these factors make Sonic a strategic choice for Aave’s expansion.
-Kerem Dillice