Aave has adopted the first crosschain management offering
The first crosschain governance offering has been adopted by the Aave (AAVE) platform, which is a decentralized finance or DeFi protocol for borrowing and lending.
"This is an important step forward in multichain governance systems," Aave said.
According to DeFi Llama, the total value locked in to Aave is about $12 billion. According to its developers, an offer executed on Aave, built on the Ethereum (ETH) network, was also sent to FxPortal on the Polygon network (MATIC). The engine then read the Ethereum data and passed it to Polygon's network for verification.
"The Aave cross-network bridge is built on a general principle so that it can be easily adapted to work with any blockchain that supports EVM and cross-network messaging," the Aave development team wrote.
