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Aave V3.1 is Now Live

Twitter icon  •  Published 5 महीने पहले on August 1, 2024  •  Hassan Maishera

Aave Labs announced via X on Wednesday that Aave V3.1 is now live on all networks with active Aave V3 instances.

Aave V3.1 is Now Live

Aave Labs announced via X on Wednesday that Aave V3.1 is now live on all networks with active Aave V3 instances. Aave v3.1, developed by bgdlabs and approved by the Aave DAO, improves the protocol’s overall security, operational efficiency, and usability.

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 $105.03 per token, down 1.5% 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.