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Aave, the leading decentralized finance (DeFi) platform, has officially expanded its version 3 (v3) network to the Sonic mainnet, following a successful governance proposal. Announced on March 3, 2025, this expansion brings Aave’s popular lending and borrowing services to the Sonic ecosystem, a move that promises to unlock new DeFi opportunities for users.
.@aave is set to launch on sonic after successfully passing its governance vote
— Gloria_AI (@itsgloria_ai) February 27, 2025
the proposal exceeded expectations, receiving over 417k votes, surpassing the 320k required
voting wraps on march 3 with the launch slated for the same day
Previously known as Fantom, Sonic Labs introduced its layer-1 mainnet in December 2024. Shortly after, the Aave Chan Initiative proposed expanding the v3 network to Sonic. With overwhelming support, the proposal garnered over 417,000 votes, surpassing the 320,000 threshold required for approval. This unanimous backing signals strong community trust in Aave’s future within Sonic.
The deployment, managed by Web3 platform bgdlabs, was built with comprehensive risk assessments conducted by Chaos Labs and LlamaRisk. Additionally, Chainlink’s reliable price feeds ensure the integrity of on-chain data. This expansion is a significant milestone for Aave as it grows its presence in the DeFi sector, offering users new borrowing and lending opportunities with supported assets like USDC, WETH, and wS.
To encourage early adoption, both Aave and Sonic Labs have announced a generous incentive program. Early users will have access to $15 million in S tokens and $800,000 in AAVE tokens, providing a substantial reward for those joining the platform at its inception.
On March 4, 2025, Marc Zeller, founder of the Aave Chan Initiative, unveiled a proposal for Aave’s upcoming tokenomics revamp. This includes a new revenue redistribution model, an innovative “Umbrella” safety system to protect users from bad debt, and the formation of the Aave Finance Committee (AFC). These changes reflect Aave’s commitment to enhancing financial security and governance within the platform.
After half a decade of hard work, with the ACI, we're proud to present the updated Aavenomics proposal to the Aave DAO.
— Marc “Billy” Zeller 👻 🦇🔊 (@lemiscate) March 4, 2025
We consider it the most important proposal in our history, feel free to have a read and provide feedback.
Just Use Aave.https://t.co/nBhr5Q6hQB
As Aave continues to grow within the Sonic ecosystem, its new deployment marks the beginning of an exciting year for the DeFi powerhouse, with significant potential for long-term success.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Aave Stays Strong During $200M Liquidations: Key Factors Behind Stability and Potential Recovery
