Aave DAO members will soon be asked to commit wholeheartedly to the post-merge PoS Ethereum, at the expense of all other potential Ethereum forks.
The outcome of the governance vote should give a good indication as to where Aave members stand with respect to Ethereum’s transition to PoS.
In the report, Aave also declared that its code was “fully functional” with Ethereum’s consensus change, which was done by deploying Aave V3 on the Ropsten and Goerli testnets during the Merge tests.Aave DAO approving overcollateralized stablecoin splits crypto community Having first been deployed on the Ethereum Mainnet, Aave is now on Avalanche, Arbitrum, Optimism, Polygon, Fantom, and Harmony. However, $5.44 billion, or 72.6% of Aave’s total value locked resides on Ethereum, so any alternative Ethereum forking that stems from the Merge could impact the Aave market and token price.
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