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Aave Introduces the Sky Aave Force

Twitter icon  •  Published 3 months ago on September 3, 2024  •  Hassan Maishera

On Tuesday, Aave Labs announced via X that it has launched Sky Aave Force, an initiative that seeks to drive mass adoption and close the gap between DeFi and TradFi.

Aave Introduces the Sky Aave Force

On Tuesday, Aave Labs announced via X that it has launched Sky Aave Force, an initiative that seeks to drive mass adoption and close the gap between DeFi and TradFi. By working together, Aave believes that DeFi can become the backbone of all finance, enabling unprecedented access and propelling new use cases.

Sky Aave Force will propose integrating USDS and Savings USDS (sUSDS) on Aave V3 with native token rewards. It will also seek to create a new Aave market for seamless interactions and exclusive rewards.

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 $131.26 per token, up 10% in the last 24 hours.

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Author

Hassan Maishera

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.