Aave Labs has proposed deploying Aave V3 on MegaETH at mainnet launch to leverage early liquidity and credit demand.
Summary
- Aave Labs reopened its ARFC to deploy Aave V3 on MegaETH on day 0.
- Incentives include 30 million MegaETH points and a MEGA KPI reserve of 6%.
- The proposal follows MegaETH’s $1 billion pre-deposit event and Aave’s recent product updates.
Aave Labs has submitted a new board proposal to launch Aave V3 on MegaETH on Mainnet Day 0, aiming to achieve rapid user growth, deep liquidity, and strong loan demand.
The 8th of December proposal reopens a previous discussion to prepare a V3 implementation on MegaETH with updated terms to be finalized by Aave’s risk service providers.
Aave aims to have a presence on Day 0 on MegaETH
While the original thread stated that MegaETH was still finalizing key infrastructure such as Chainlink oracles, recent developments and the upcoming mainnet release have prompted Aave (AAVE) Labs to reintroduce the plan.
Aave Labs says the implementation of MegaETH at launch can translate early network activity into meaningful protocol usage. According to the team, first-mover positioning attracts loan supply and demand before spreading liquidity across protocols.
Both bridged and native tokens are included in the original asset list. Bridged assets range from BTC.b, ETH and USDM to synthetic and deployable assets such as wstETH, ezETH, rsETH, USDe and sUSDe. Native assets include MEGA, USDM-Y and RBT. Chainlink is building oracle support to be ready for Mainnet Day 0.
Incentives and KPI-based rewards
Aave Labs is expected to receive 30 million MegaETH points, which can be used as an incentive for borrowing and borrowing activities in the new market. These rewards will follow Aave’s existing go-to-market rules. Users will earn points through the interface, while redemption will take place at the end of each two-month season on MegaETH’s platform. Only KYC verified users are eligible.
MegaETH will also allocate 6% of the MEGA token supply to a KPI framework defined by Aave governance. These tokens provide a structured route for long-term coordination between the protocol and the new layer 2 network, and will be unlocked when Aave meets performance benchmarks set by the DAO.
The proposal will move to a snapshot and AIP with final token lists, oracle addresses and risk parameters if the board reaches a consensus.
Recent context around Aave and MegaETH
The proposal comes during a period of increased activity in the MegaETH ecosystem. In late November, the network launched a major pre-deposit program with a cap of $250 million, which was expanded to $1 billion due to demand. The event increased attention to MegaETH’s real-time Layer-2 design and near-Web2 responsiveness goals.
Aave has also been busy. The protocol has introduced its V4 roadmap, which will transition to an ERC-4626 style vault, allowing for easier integrations and less friction between multiple chains. On November 20, Aave launched a new savings app designed for retail users, making it easier for people to access stable return opportunities.
With MegaETH approaching production phase and Aave gearing up for some major upgrades, the upcoming V3 release paves the way for even closer collaboration between the two ecosystems as they both scale to 2026.
