Decentralized Finance (Defi) Company Aave arrives at Soneium, Ethereum L2 blockchain linked to Japanese electronics giant Sony, companies said Tuesday.
Decentralized funding, which shot to prominence under the so-called “Defi Summer” in 2020, has resurfaced, in the midst of tremendous growth in stablecoins and crypto-supported lending. The integration of GHO, Aave’s decentralized overcollateralized stableecoin, in Sonieum is investigated into cases in the real world in payments, savings and digital trade, according to a press release.
Soneium’s 7 million user ecosystem already includes Uniswap V4, Velodrome, Stargate, Lido and Native Protocols such as Kyo Finance and Supervol.
“Aave wants to be where consumers are in trusted, available environments,” said Aave Labs founder Stani Kulechov in a statement. “Sony’s global reputation and Soneium’s focus on consumer-facing applications make this a unique opportunity for Aave to reach new mainstream users.”
Partnering will include Aave’s participation in upcoming liquidity incentive campaigns, including with Astar, a blockchain prominent in the Japanese Web3 Ecosystem, and a 100 million ASS -allocation (currently appreciated at $ 4M) for bootstrap -adoption, according to a press release.
Soneium, which this week announced a new game incubator that helps drift more traffic to Blockchain, developed by Sony Block Solutions Labs, a joint venture between Sony Group and Startale Group.
