Hassan Maishera
On Monday, the Lido Finance team announced via X that the Aave v3.2 Liquid eModes are now expanding to L2s, starting with Base and Arbitrum. Users can now leverage LRTs as collateral for borrowing wstETH, opening up unique DeFi use cases with reduced gas costs.
Aave Liquid eModes was brought about through Aave V3.2, allowing for wstETH to be eligible for multiple efficiency modes (eModes) simultaneously. The ezETH-wstETH pair is now live on the Lido-Aave market on both Base and Arbitrum. This pair allows users to provide Renzo Protocol’s ezETH as collateral and borrow wstETH on Aave, unlocking new DeFi use cases and incentives on both networks.
With 3.2 Liquid eModes on Base and Arbitrum, users gain access to unique 3rd party rewards and new DeFi use cases - like auto-compounded staking, restaking rewards, and efficient points farming - designed specifically for each network’s isolated market.
Lido is a secure liquid staking solution for proof-of-stake (PoS) cryptocurrencies that supports Ethereum 2.0 (The Merge) staking and a growing ecosystem of other Layer 1 PoS blockchains. Its native LDO token is up 1.5% in the last 24 hours, trading at $1.745 per coin.
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 $339.99 per token, up 5% in the last 24 hours.
