Next up at #SmartCon is a presentation from @StaniKulechov from @AaveAave
@AaveAave is a decentralized liquidity protocol
Largest #DeFi protocol in the world
+$20B in peak market size
+$11B in peak TVL
+$200B in total transaction volume
Live on #Ethereum and @0xPolygon
Two-sided marketplace with suppliers and borrowers
Also liquidators to keep the network solvent
Flash loans can be used by liquidators
Aave protocol is owned and governed by the community
Team deployed protocol but anyone can contribute and building/improving the protocol
Any changes needs to be voted on with decentralized governance
Team cannot arbitrarily change the protocol
Aave market has been growing alongside the growth of DeFi
Wide range of assets listed, asset parameters are very conservative
Deployed market on Polygon PoS sidechain with EVM compatibility
Costs are a fraction of the Ethereum Mainnet
Reach to a larger audience when the TX fees are lower
Aave is a multi-chain deployment
Aave will deploy on @avalancheavax, @optimismPBC, @arbitrum, and beyond
Each have their own advantages
Will expand to other networks
Security is important, needs effort in due diligence
EVM compatible chains are easier to deploy on
Cross-chain governance
Need to take into account gas costs, optimistic voting (off-chain and then put the votes on-chain batched)
Shout out to @StaniKulechov for this presentation
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