First cross-chain governance proposal passes on Aave

[Pagla]

On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave. According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, an executed proposal on Aave, which is built on the Ethereum (ETH) network, was sent to the Polygon (MATIC) FxPortal. The mechanism then reads the Ethereum data and passes it for validation on the Polygon network.

Afterward, the Aave cross-chain governance bridge contract receives this data, decodes it, and queues the action pending a timelock for finalization. The #DevelopmentTeam  wrote:

The Aave cross-chain governance bridge is built in a generic way to be easily adapted to operate with any chain that supports the EVM [Ethereum Virtual Machine] and cross-chain messaging.

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