Aave V3 is Absolutely Insane!
frens, I know that all the focus lately has been around PolyCUB and that's for good reason. The LeoTeam is really changing the game for sustainable DeFi. We can't forget about the others though!
Aave V3
Aave has solidified itself as one of the largest decentralized finance applications built on Ethereum. With over $12.6 Billion in total value locked, the only protocol ahead is Anchor. No only is it one of the largest, but it has been around longer than most that haven't died or lost most of their value. Aave acts almost like a decentralized bank (even though I hate that word) that allows users to deposit ETH or other assets and take out collateralized loans in various cryptocurrencies.
With the launch of Aave V3, the protocol now supports a plethora of different chains including Polygon, Avalanche, Fanton, Harmony, Arbitrum, and many more. Multi-chain support is of extreme importance, especially now when there's hundreds of different blockchains out there.
Portals have been added which allow users to easily move assets between Aave on the different chains. This is made possible by Aave's aTokens which serve as a receipt that can be redeemed on the Aave platform on different chains. For example, a user can deposit ETH from Polygon chain and aETH is minted. That aETH can be redeemed for ETH on say Harmony chain by burning. These aTokens are technically unbacked because they are burned on one chain and minted on another. The underlying assets exist in Aave's lending pools though, so I guess that is kinda backing.
E-Mode is another awesome feature that has been added with the V3 upgrade. It allows users to take collateralized loans in certain cryptocurrencies up to 98% of the value of their collateral! This is something I've never see honestly, and it's a game changer. Typically you are going to get somewhere around 60-80% of whatever your collateral is as a maximum.
E-Mode is not enabled by default, and when it is enabled you are limited to the assets you can deposit and borrow. These E-Mode categories will be determined by Aave governance, with the highest loan to value ratio being stablecoins. This enables users to take full advantage of liquidity between different cryptocurrencies on different chains.
Isolation Mode is yet another amazing feature that has been included with this update. It allows users to deposit newly listed assets voted on by Aave governance to earn yield from users borrowing those assets. By providing these assets as collateral, users will only be able to borrow stablecoins which are also determined by Aave's governance. This will add liquidity for a ton of new tokens I imagine.
These are the major features that I think are going to bring a ton of new value into the protocol. There's a ton of new features, some small, some large, and I highly encourage you to check out the docs I linked above. I also highly advise doing your own research on this platform as I'm just a dude on the internet that likes crypto. I'm no expert nor am I a financial advisor. I could see PolyCUB adopting some of these features down the road as well.
Have you ever used Aave? What are your thoughts on V3?
Thanks for reading! Much love.
Links 'n Shit
| Play to Earn | Read emails, Earn Crypto | Get free crypto every day | Get a WAX wallet |
|---|---|---|---|
| Gods Unchained | ListNerds | PipeFlare | WAX.io |
| Splinterlands | GoodDollar | ||
| Rising Star | FoldApp |
Posted Using LeoFinance Beta
The operators doing V2K with remote neural monitoring want me to believe this lady @battleaxe is an operator. She is involved in the same discord groups around @fyrstikken and friends. Her discord is Battleaxe#1003. Shes in some groups with seemingly detached characters that dont even acknowledge the others in the group, looking oddly staged. She starts projects and does nothing with it or the delegations after its used to sway people. Like @steempowertwins does<------fake along with her @teamgood <------fake. No substance in her comments and has a following that adores her for what? Life coach she is not nor is she insightful with any meaningful skills to follow. Ruler of pixie dust maybe? I would like for someone to show me but probably wont out fear maybe? @fyrstikken groups around him down voted me into censored and not viewable on my accounts as soon I told what they were doing.
I cant prove @battleaxe is the one directly doing the V2K and RNM. Doing it requires more than one person at the least. It cant be done alone. She cant prove she is not one of the ones doing V2K because she cant and could care less. I guarantee she knows this is going around and still wont prove it because she cant. Many of us here can prove what they have been doing to survive the past 5 years. What does she live off of? It definitely isnt in public view here.
I was drugged in my home covertly, it ended badly. They have been trying to kill me using RNM with applied V2K mental games while revealing as many accessories to the crime as they can. I bet nobody does anything at all. Ask @battleaxe to prove it. I bet she wont. Pretty serious accusations to just blow off and leave the crypto community hanging in fear of this danger.
They want me to believe the V2K and RNM in me is being broadcast from her location. And what the fuck is "HOMELAND SECURITY" doing about this shit? I think stumbling over their own dicks maybe? Just like they did and are doing with the Havana Syndrome. They should start by looking at the communications between the top witnesses of Hive and the connection to @fyrstikken groups. Google his fucking name and see where his other interests lie around at least once maybe? The connections between @fyrstikken groups and all the exchanges built for Hive? Bet that would reveal some crazy ball less nutty shit. Homeland security should start preparing for their own incarcerations seeing how sloppy this was done. Patriot act my ass. Think we are really fools? Bad position your not getting out of. Dont be last to blow the whistle. Who will protect you?
People in and around @fyrstikkens groups are reckless and should have shown the proper media what they had before taking me hostage for 5 long torturing years and counting. That is a long time to wait for someone to die.
What would you say while having a gun pointed at your head from an undisclosed location? Have people find it? My hands are tied while they play like children with a gun to my head. Its a terrorist act on American soil while some yawn and say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic threat. Ask informed soldiers in the American military what their oath is and why nothing is being done. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control that have ill intent. How do we protect locked up soldiers prevented from telling the truth from being treated as criminals? Not to mention civilians we let our leaders treat the same way. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism-terrorism
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Cool!
Posted Using LeoFinance Beta
Right?
Posted Using LeoFinance Beta