Sonic, formerly known as Fantom, has successfully completed the initial phase for the integration of Aave’s third-generation lending protocol on its blockchain. An on-chain community temperature check regarding the deployment of Aave v3 on the Sonic layer-1 network reached a quorum on December 27, as confirmed by a snapshot vote. This assessment was conducted to gauge community support for incorporating Aave, the leading decentralized finance lending protocol, into Sonic’s blockchain infrastructure.
With a proposal submitted by Aave Chain, a major delegate at the AaveDAO, the process will now move to the Aave Request for Comment (ARFC) stage. This step will invite feedback from various governance members and service providers. If successful, an Aave Improvement Proposal (AIP) vote will follow, aiming to approve the launch of Aave v3 on the new layer-1 network.
Following this achievement, Sonic has publicly acknowledged passing the Aave Temperature Check on their official Twitter account, marking a significant step towards full integration. The rebranding of Sonic from its previous identity as Fantom is anticipated to facilitate this deployment further, given its historical peak total value locked (TVL) of approximately $14.5 billion in 2021 under the guidance of experienced industry figures.
The new layer-1 network is engineered to handle 10,000 transactions per second and features fee structures designed to incentivize web3 developers. Meanwhile, Aave is considering withdrawing its lending markets from the Polygon platform due to issues related to a proposal that could expose Aave-native collateral to bad debt. This has led to a public dispute, with Polygon co-founder Sandeep Nailwal accusing Aave of employing anti-competitive tactics—an allegation that Aave founder and CEO Stani Kulechov has denied, affirming that the move is intended to safeguard user security.
