Aave V3 launching on zkSync Era is another step forward for DeFi lending on ZK rollups. At first glance, this might seem like a straightforward crypto story, but it becomes more meaningful when you look at the bigger market picture. Aave’s growth plan is…
Frequently Asked Questions
Here is a list of FAQs about Aave V3 on zkSync Era covering beginner to advanced questions
BeginnerLevel Questions
1 What is Aave V3 on zkSync Era in simple terms
Its a lending and borrowing app that runs on the zkSync Era network You can deposit crypto to earn interest or borrow crypto by putting up collateralall with lower fees and faster transactions than the main Ethereum network
2 Why should I use Aave on zkSync Era instead of the main Ethereum version
The main reason is cost Transactions on zkSync Era are much cheaper and faster You get the same lendingborrowing features but you dont pay high gas fees
3 What is a ZK rollup and why does it matter for Aave
A ZK rollup bundles hundreds of transactions offchain and submits a single proof to Ethereum This makes Aave cheaper and faster to use while still inheriting Ethereums security
4 What can I do on Aave V3 on zkSync Era
You can
Supply assets to earn interest
Borrow assets by putting up collateral
Swap tokens directly within the app
Use eMode to get better rates on similar assets
5 Is my money safe on zkSync Era
Aaves smart contracts are audited and zkSync Era is a secure Layer 2 However crypto always carries risks Only invest what you can afford to lose and consider using hardware wallets
IntermediateLevel Questions
6 What assets are supported on Aave V3 zkSync Era
Typically youll find major assets like ETH wETH USDC USDT DAI and some native zkSync tokens Check the Aave app for the current listit changes as governance votes on new assets
7 How do I get assets onto zkSync Era to use Aave
You need to bridge funds from Ethereum to zkSync Era