Decentralized lending platform Aave says that it will scale its DeFi platform beyond the Ethereum blockchain by also joining several sidechains, including Polygon.
According to Aave, Ethereum’s exorbitant gas fees are a problem. Though it acknowledges high fees are a feature of “a successful public blockchain” because they indicate users are willing to pay the price of its services, alternative solutions are needed.
In light of that issue, the team will port its platform to Polygon, a layer 2 proof-of-stake sidechain that runs alongside Ethereum’s main network. The sidechain allows users to send back and forth tokens through a bridge protocol, thereby offering lower transaction costs than Ethereum itself provides.
