Aave has introduced the profitable launch of Aave V3 on the ethereum mainnet. The newest iteration of the DeFi protocol comes with a number of enhancements, together with gasoline price optimization and extra.
Aave V3 launches on the ethereum mainnet
Following sturdy backing and help from members of the Aave neighborhood, the event workforce has efficiently built-in the third iteration of the decentralized finance (DeFi) protocol, dubbed Aave V3, on the ethereum mainnet.
Per a Twitter thread by Stani Kulechov, Aave founder and CEO, Aave V3 comes with a number of enhancements and options, together with gasoline optimization (reduces gasoline value by 20 to 25%), a high-efficiency mode for elevated capital effectivity, and extra.
To make Aave V3 as hack-proof as potential, the workforce revealed final October that it had spent about $1.6 million on audit operations for the platform between 2020 and 2022.
On the time of submitting this report, Aave protocol is the world’s 4th-largest DeFi ecosystem, with $4.56 billion in whole worth locked (TVL), solely dwarfed by Lido (TVL $8.03 billion), MakerDAO ($7.15 billion) and Curve ($4.72 billion), in line with Defi Llama.