Benzinga – DeFi lending and borrowing protocol Aave (CRYPTO: AAVE) is reportedly planning to launch its own blockchain after its upcoming V4 upgrade.
What Happened: The protocol’s CEO Stani Kulechov disclosed the news via an X post on May 27, saying, “This is not a drill, Aave Network is planned to come after V4.”
Kulechov was responding to a post by Marc Zeller, a key member of the Aave governance team, who hypothesized about the existence of such a layer.
This is not a drill, Aave Network is planned to come after V4. https://t.co/a43nNlT114
— Stani^ (@StaniKulechov) May 27, 2024
When questioned about the timeline, the CEO hinted at a launch in 2025 “for sure or earlier.”
Why It Matters: The admission by the CEO comes in the wake of a proposal to include the development of Aave Network as part of…
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