Hassan Maishera
On Wednesday, Aave Labs announced via X that it has launched the Aave V3 developer toolkit. A new SDK, React hooks, and API let developers connect to Aave markets and deploy vaults in minutes.
By using Aave's markets, developers can access lending pools tailored to specific risk profiles. Furthermore, deploying vaults enables users to earn yield or borrow against assets. Vaults manage supply and withdrawals through the Aave Protocol and enable vault managers to set a fee on the yield.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $263.95 per token, up 4.3% in the last 24 hours.
