Aave announces its expansion on the Layer 1 Sonic, marking the first stage of its development on this type of blockchain in 2025. Enough to allow Aave to integrate into a new ecosystem and to benefit from an innovative income sharing model.
Aave arrives on Sonic, a strategic expansion
Aave takes a new step in its expansion. The decentralized finance protocol (DEFI) has deployed its loan markets on Sonic, formerly Fantom. This initiative marks the first expansion of Aave to a Layer 1 in 2025.
The integration of Aave V3 on Sonic results from a vote approving a governance proposal carried by Aave Chan Initiative. Since Fantom, Sonic was redesigned and launched its main network in December 2024. It already has a total locked value (TVL) greater than $ 700 million.
🪙 Discover Aave, the cryptocurrency loan and loan protocol
“” Sonic is focusing on his innovative income sharing model and team expertise, which represents an attractive opportunity for Aave to expand and integrate a growing community deffi ecosystem “Said Stani Kulechov, founder of Aave Labs.
This expansion is accompanied by significant liquidity commitments: $ 15 million in funding from the Sonic Foundation, up to 50 million native Sonic tokens and 800,000 dollars in GHO, Aave's Stablecoin, with migration incentives.
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Source : X
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