Aave Releases Its New Version on Ethereum Network

DeFi lending platform Aave 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. 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 for its high collateral and maximum capital efficiency for borrowed assets.

If we take a look at Aave Price; At the time of writing, Aave was priced at $86.66 USD, with a 24-hour trading volume of $128,150,942 USD. According to the current CoinMarketCap ranking, Aave is ranked 42nd with a live market capitalization of 1,221,361,343 USD.