DeFi Lender Aave Deploys Version 3 on Ethereum Network

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CoinDesk 2 mo ago

DeFi Lender Aave Deploys Version 3 on Ethereum Network - CoinDesk

Quick Summary:

Decentralized lending and borrowing protocol Aave has deployed its third version on the Ethereum blockchain following unanimous support for a governance proposal.

High Efficiency Mode, also called eMode, allows users to capitalize on the highest borrowing power out of their collateral for correlated assets.

The Aave v3 upgrade will focus on mitigating user risk and improving capital efficiency (High Efficiency Mode) when staking or borrowing correlated assets like stablecoins and liquid staking derivates (LSDs).