Aave Integrates with Sony-Backed Soneium Blockchain for DeFi Expansion
Aave is integrating with Soneium, an Ethereum Layer 2 blockchain linked to Sony. Key points include:
- Aave's decentralized stablecoin GHO will be explored for payments, savings, and digital commerce.
- Soneium has a user base of 7 million, featuring protocols like Uniswap v4 and Velodrome.
- Aave aims to reach mainstream users through Soneium’s consumer-focused applications.
- The partnership includes participation in liquidity incentive campaigns and a $4 million allocation of ASTR tokens to boost adoption.
- Soneium is developed by Sony Block Solutions Labs, in collaboration with Startale Group.