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Aave Submits A New Deployment Proposal

Twitter icon  •  Published 3 years ago on May 3, 2023  •  Hassan Maishera

The Aave team announced via Twitter on Tuesday that it has submitted a proposal for the activation of the Aave V3 Metis pool.

Aave Submits A New Deployment Proposal

The Aave team announced via Twitter on Tuesday that it has submitted a proposal for the activation of the Aave V3 Metis pool. The Aave community members can now vote on this proposal. MetisDAO is an EVM-compatible Layer 2 (L2) scaling solution that uses optimistic rollup technology.

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 $68.9 per token, up by 1% in the last 24 hours.

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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