- The launch of the Avee V3 on the Metis follows a community vote that went live earlier this month.
- According to the Metis team, the Aave v3 integration will benefit users of the ecosystem in a variety of ways.
- V3 of the DeFi protocol is also live on Avalanche, Polygon, Optimism and Arbitrum.
Come onA decentralized liquidity protocol, has been deployed on Ethereum Metis, a layer-2 scaling platform, offers a range of decentralized finance (DeFi) features and products to its ecosystem.
The launch of Metis Layer-2 follows a community proposal for a Zero-Knowledge (ZK) Proof EVM, which enables the Aave V3 Metis pool to be activated by completing the initial setup to Aave Governance and listing WETH, USDC, USDT, DAI makes. and Metis.
,Integration of Aave Protocol V3 brings increased capital efficiency with valuable new security and risk mitigation featuresMetis co-founder Kevin Liu Said,
capital efficiency for users
The V3 integration provides ecosystem users with a number of benefits, including increased network speed and security. Users will also avail facilities such as lending and borrowing assets with low collateral.
This deployment will enable efficient capital markets in Metis, a key component for building and sustaining the Web3 economy.
Users and builders will be able to enjoy DeFi composability, fostering a more diverse, fulfilling and collaborative ecosystem.
— Metis 🌿 (@MetisDAO) May 8, 2023
The launch of Aave V3 on Metis also means that DeFi users can now easily generate profits across a variety of supported assets, even as they utilize advanced risk management tools and reduce transaction fees through gas optimization. Are. Overall, the integration brings greater capital efficiency to Metis users and developers, with the latter also gaining access to key tools for innovating decentralized applications.
Aave, a widely used DeFi protocol, boasts over $5.24 billion in total value locked (TVL). DeFiLlama,
The V3 version of the protocol will be deployed on the Ethereum mainnet in January 2023, following successful launches on various Ethereum layer-2 protocols including Polygon, Avalanche, Arbitrum and Optimism.