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AAVE Protocol will deploy its Layer2 version on the Polygon (formerly Matic) test chain

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AAVE is also partnering with Transak to enable users to purchase Polygon assets directly with fiat currency.

Aave has announced that it will be the first to release a version of Layer2 based on Polygon Side Chain (formerly Matic), according to Blockbeats. Upon launch, AAVE will provide Matic, USDC, USDT, DAI, WETH, AVE, and WBTC asset lending services based on Polygon. AAVE believes that DEFI's goal is always to create an inclusive and accessible alternative to Tradfi. And DEFI should work for everyone, not just people with large portfolios.

At startup, the Creator team will retain control of the Polygon Marketing Administrator keys, but these keys will be released to Aave Governance in the coming weeks. AAVE will bring assets to Polygon via smart contract Bridges. Smart Contract Bridge users will receive a portion of their transaction fees for Matic tokens to cover the majority of their transaction fees at Polygon.

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