Aave Labs Reopens Proposal to Deploy V3 on MegaETH as Network Prepares Mainnet

• Aave Labs has proposed to launch V3 version on MegaETH on the mainnet debut day to secure early lending activity.
• MegaETH pre-deposit has already reached $1 billion as the token price jumps 5.3% along with the rise in daily trading volume.

Aave Labs has submitted a new governance proposal to deploy Aave V3 on MegaETH at mainnet Day 0, and seeks to capture early user activity, deepen liquidity, and meet strong borrowing demand. The proposal, published on December 8, revives an earlier plan as MegaETH completes essential infrastructure such as Chainlink oracle support.

Aave Labs Targets First-Mover Advantage on MegaETH

According to Aave Labs, a Day 0 launch will allow the protocol to convert initial network traffic into meaningful lending and borrowing volume before liquidity spreads across competing platforms. Bridged assets span BTC.b, ETH, USDM, and staked or synthetic tokens, including wstETH, ezETH, rsETH, USDe, and sUSDe. On the other hand, the native assets include USDM-Y, MEGA, and RBT. For the mainnet debut, Chainlink is working on providing oracle support.

MegaETH will grant Aave Labs 30 million MegaETH points, which will be used to incentivize lending and borrowing activity. Users earn points through the interface, with redemptions occurring on MegaETH’s platform at the end of each two-month season. Only KYC-verified users qualify for rewards.

MegaETH also plans to allocate 6% of its MEGA token supply toward a KPI-based framework, looked-after by Aave governance. These tokens will unlock after meeting some performance metrics that align long-term incentives between Aave and the network.

If governance reaches consensus, the proposal will proceed to a snapshot vote. This will be followed by an AIP, which shows final token lists, oracle configurations, and risk parameters.

The Rise of Momentum Across Aave and MegaETH

The initiative comes amid the rising activity in the MegaETH ecosystem. In late November, the network’s pre-deposit program grew from a $250 million cap to $1 billion due to strong demand. This has drawn attention to MegaETH’s real-time L2 design and near-Web2 responsiveness.

Meanwhile, Aave is proceeding on its own roadmap. The protocol also introduced plans for V4, which will adopt ERC-4626-style vault accounting to offer easy integrations and reduce multichain complexity, as mentioned in our previous story. On November 20, Aave launched a retail-focused savings app designed to simplify access to stable yield products.

With MegaETH nearing full production and Aave preparing major protocol upgrades. This includes the proposed Aave V3 deployment, which sets the stage for deeper collaboration as both ecosystems scale into 2026.

At press time, AAVE is trading 5.3% up at $200, holding its market cap above $3.04 billion. Today’s upside comes with a 30% surge in the daily trading volumes, at $495 million.