DeFi platform Aave will release the third version of its crypto lending protocol on the Ethereum (ETH) network.
Aave, the popular DeFi lending platform in the crypto industry, went to a vote on the DAO side. The community of the project has decided that the third version will be released on the Ethereum network. According to the vote, the third version of the lending protocol will be released on the Ethereum network with support for seven assets.
Aave Prepares To Release Its New Version On The Ethereum Network
DeFi platform Aave will launch the third version of the lending protocol on the Ethereum network, following the community-accepted decision.
The version, which will be released as Aave v3 on Ethereum, will provide support for seven different assets. These assets are; There will be wBTC, wETH, USDC, DAI, LINK and AAVE. Chaos Labs recommended that these assets be included in the new release. As a result of the voting by the DAO, the v3 plan of Chaos Labs was accepted.
Pricing for all assets except wBTC and wETH will be provided directly from the ChainLink feed. ChainLink stands out as an oracle-oriented smart contract protocol.
Using the Ethereum network, Aave v3 will only be released with an eMode enabled. Aave’s eMode feature stands out with its high collateral and maximum capital efficiency for borrowed assets.
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