Aave will fight high Ethereum fees with Polygon solution – Bits Media

The Defi Aave platform will apply the second level solution for Polygon Etherium (Previously - Matic Network), to solve the problem of overload and high commissions of the Ethereum network.

According to article
on the developers of Polygon on Medium, AAVE will explore scalable sides second -level solutions Polygon, To eliminate the problem of high commissions for transactions in the Ethereum network. In February, a team of developers Matic Network reported, that the project will be renamed Polygon. Rebranding also included the creation of a multi -minute based on Ethereum, which will increase blockchain scalability.

AAVE developers will use the developed "bridge" smart contracts, which will freely transfer assets from one network to another. According to Defi Pulse, In the Defi Aave protocol on Ethereum, intended for retail, and for institutional customers, Cryptoactives worth more than more than more $5.6 billion, what makes him the third largest application in the industry.

"High commissions for transactions – This is a feature of a successful public blockchain ", – said the founder of AAVE Stani Kulechev (Stani Kulechov). “At the same time, the Defi industry has always been intended to create a sustainable and more open alternative to traditional finance. If Defi is limited by portfolios with five -digit and larger amounts, The industry will not be able to fulfill its mission to improve the availability of financial services ".

According to Kulechev, Polygon's work is supported by the ChainLink decentralized network, which allows the AAVE protocol to maintain a high security standard for streaming data on the protocol. When starting AAVE Market, Polygon will use the Polygon Matic Cryptoactive as Ensuring, as well as USDC, USDT, DAI, Weth, Aave и wbtc.

“One of the main advantages of Defi – This is the possibility of establishing interaction with other projects ", – Kulechev said. “Thanks to wide access to AAVE, there is no need for a universal solution for scaling, and users can choose a solution, which is convenient for them ".

Last summer, the developers of the Matic Sidechin said, that their test network can process before 7 200 transactions per second.