Hassan Maishera
On Tuesday, Aave Labs announced via X that Aave V3 is now live on LineaBuild mainnet, an Ethereum-equivalent zkEVM rollup. Linea’s zk-based technology enables users to supply and borrow with fast, low-fee transactions.
The market was deployed by bgdlabs on behalf of Aave DAO, with risk analysis by Chaos Labs and LlamaRisk. Chainlink will provide secure, reliable price feeds. Initial collateral assets are WETH, USDC, USDT, WBTC, wstETH, weETH, and ezETH.
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 $242.38 per token, down 6% in the last 24 hours.
