It's here! Say “gm” to the most powerful version of the Aave protocol to date: V3.
Now live, Aave V3 builds upon the foundational elements of the Aave Protocol (e.g., aTokens, instant liquidity, stable rate, etc.) with groundbreaking new features that span from increased capital efficiency to enhanced decentralization.
Dive into V3 now: https://aave.com
Aave V3 is Now Available on Seven Public Testnets
Recently, Aave Governance voted in favor of a proposal to implement V3 of the Aave Protocol, which brings updates and new features to the Aave smart contracts. Today, Aave V3 has been deployed across seven testnets and is available to try here! 🥳
Aave V3 is the result of continuous iteration, community feedback, and ecosystem growth. V3 builds upon the strong foundational elements of the Aave Protocol (e.g., aTokens, instant liquidity, stable rate borrowing, etc.) while introducing exciting improvements such as increased security and further enhanced decentralization.
The latest features, such as Portal, create new use cases and opportunities for innovation from the community. Now is the time for builders, developers, teams, and community members to start testing V3, and integrating and further expanding the Aave ecosystem! 👻
Since its launch in January 2020, the Aave Protocol—an open source, decentralized, non-custodial liquidity protocol—has experienced exponential growth with peak liquidity reaching over USD 30 billion, and total active users totaling nearly one million.
As demand for decentralized finance (“DeFi”) has grown, so too has the interest from traditional financial institutions. Several fintechs, hedge funds, family offices, and asset managers have expressed interest in using a version of the Aave Protocol that meets their internal requirements.
Additionally, financial institutions ranging from bulge bracket investment banks, endowments, mutual funds, pension funds and even central banks have reached out to learn how the Aave Protocol and, more broadly, how DeFi works.
We are a community of Web3 builders focused on fostering the creation and sustainable development of decentralized finance 🌎
The Aave Protocol is an open source and non-custodial liquidity protocol for earning yield on supplied cryptoassets and borrowing cryptographic assets against that collateral.