Hassan Maishera
On Tuesday, Aave Labs announced via X that Aave is launching on Mantle, thanks to its partnership with Bybit. Mantle is a low-cost, EVM-compatible L2 and high-performance distribution layer built for institutional-grade applications and real-world assets.
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 $193.45 per token, up 14% in the last 24 hours.
