Aave Labs is gearing up for a major move as MegaETH prepares to go live. The team has put forward a fresh governance proposal to deploy Aave V3 on MegaETH at mainnet Day 0, aiming to tap into the early surge of liquidity and user activity expected on the new network.
The proposal, posted on Dec. 8, revisits an earlier plan that was temporarily paused while MegaETH finalized key infrastructure like Chainlink oracle support. With the mainnet launch now approaching and the ecosystem gaining momentum, Aave Labs believes the timing is right to reintroduce the strategy — but with updated terms that will later be reviewed by the protocol’s risk service providers.
Aave Wants a First-Mover Advantage
Aave Labs argues that being live on MegaETH from day one could give the protocol a valuable head start. Early users often generate the deepest liquidity and strongest borrowing demand, and securing that flow before it spreads across other protocols can be a competitive advantage.
The proposed asset list includes both bridged and native tokens. Bridged assets cover BTC.b, ETH, USDM, and multiple liquid staking and synthetic assets such as wstETH, ezETH, rsETH, USDe, and sUSDe. Native support would include MEGA, USDM-Y, and RBT. Chainlink is already preparing its oracle integrations to be ready at launch.
Incentives: MegaETH Points and MEGA-Based KPIs
To help bootstrap activity, Aave Labs is set to receive 30 million MegaETH points. These will be distributed as incentives for users who supply or borrow assets on Aave’s new market. Points will be earned through Aave’s interface but redeemed through MegaETH’s platform at the end of every two-month season. Only KYC-verified users will qualify.
MegaETH is also dedicating 6% of the MEGA token supply toward a KPI-based rewards pool overseen by Aave governance. These tokens won’t unlock immediately — instead, they’re tied to performance goals that align long-term growth between the layer-2 network and the lending protocol.
If the community supports the plan, the proposal will move to a snapshot vote and then an official Aave Improvement Proposal, which will finalize risk parameters, token listings, and oracle addresses.
Momentum Builds for Both Aave and MegaETH
The timing of the proposal isn’t accidental. MegaETH recently wrapped up a massive pre-deposit program that started with a $250 million cap and ultimately grew to $1 billion due to overwhelming demand. That surge has drawn attention to the network’s ultra-fast, real-time design and its goal of providing a near web2-like user experience.
Meanwhile, Aave has been pushing forward on its own product roadmap. The protocol recently introduced plans for Aave V4, which will rely on ERC-4626-style vaults to simplify integrations and reduce friction across chains. On Nov. 20, Aave also launched a new savings app focused on everyday users seeking easier access to stable yield.
With MegaETH’s mainnet almost ready and Aave preparing significant upgrades across its ecosystem, the proposed Day-0 launch of Aave V3 may signal a closer partnership as both platforms look ahead to 2026.
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