Liquid eMode Feature of Aave V3.2 Now Live on Lido Market
In Brief
Aave has shared the exciting news that the liquid eModes from V3.2 are now operational across all versions, with some categories debuting at the Lido Market.
A decentralized finance (DeFi) lending platform, Aave has announced that the liquid eModes for Aave V3.2 are fully operational across all systems.
The first set of eMode categories can be found on Lido's liquid staking market, providing added versatility and a wider range of options for both lenders and borrowers. Aave’s founder and CEO, Stani Kulechov, emphasized that Lido's market now supports various eMode combinations, including wstETH-ETH and ezETH-ETH eModes within a single pool.
This announcement follows the recent upgrade to V3.2, which was developed in partnership with BGD Labs, a Web3 and DeFi innovation group that collaborates with Aave. The purpose of this enhancement is to streamline user experiences and boost the overall efficiency of the protocol.
Liquid eMode stands as a pivotal feature, granting users more discretion over their borrowing and collateral strategies while enhancing gas efficiency and offering personalized risk management alternatives. Consequently, assets available on Aave can qualify for numerous eModes, enabling users to select the eMode that aligns best with their preferences.
The upgrade also brought forth improved gas efficiency which could lower transaction costs. Moreover, users now have access to adjustable risk management options for customized financial approaches, with previous stable rate mechanisms removed to simplify operations within the protocol.
Aave V3 Hits $10 Billion in Total Value Locked
The Aave Protocol operates as a decentralized, custodial-free liquidity platform that enables participation as lenders, borrowers, or liquidators. The backbone of the protocol is the AAVE token, which acts as a governance asset, allowing holders to influence the future direction of the protocol while also providing financial incentives.
Recently, Aave V3 The latest iteration of this lending platform has crossed the remarkable milestone of $10 billion in total value locked (TVL) on Ethereum, marking a huge leap of 197% from a mere $3.36 billion at the beginning of the year. This impressive growth underscores the expanding significance of Aave V3 within the decentralized finance sector.
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