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Aave set to launch third version of its crypto lending protocol on Ethereum

From theblock.co

DeFi lending platform Aave is set to launch the third version of its protocol on Ethereum after a successful DAO vote. Aave v3 on Ethereum will be launched with support for seven assets: wrapped bitcoin, wrapped ether, wrapped staked ether, USDC, DAI, link, and aave. These assets were proposed by DeFi risk manager Chaos Labs. The Aave DAO voted in favor of Chaos Labs’ risk-off approach for the initial deployment of Aave v3 on Ethereum earlier in January. Pricing for all assets apart from wrapped bitcoin and wrapped staked ether will come directly from a Chainlink feed. Chainlink is an oracle protocol that can provide ... (full story)

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  • Category: Fundamental Analysis