AAVE V3 is preparing to launch the Ethereum network – Bits Media

AAVE Credit Protocol Voted regarding the launch of the AAVE V3 pool to the Ethereum network. In the near future, smart contracts of the decentralized finance project will be placed in the blockchain.

At first, AAVE V3 on the Ethereum will support seven assets: wrapped BTC, ETH и stETH, as well as USDC and DAI stableco, Link and AAVE tokens. The list of assets was proposed by the risk management company in the field of decentralized finance Chaos Labs.

Asset prices, With the exception of WBTC and WSTETH, the protocol will receive directly from the flow of ChainLink oracles. WBTC and Wsteth prices will be based on adaptive smart contracts, Truth, They still use Chainlink streams.

AAVE V3 protocol on the Ethereum network will be offered with only one regime, eMode. This function provides maximum efficiency of using capital for the received assets and assets with high price correlation. When the protocol is launched on the Ethereum network, the Emode mode will be available exclusively to assets, associated with ether (wETH и wstETH).

Now the third version of the AAVE protocol operates on six networks: Avalanche, Optimism, Polygon, Boyfriend, Harmony и arbitrator. AAVE V2 is the largest Defi credit protocol on the Ethereum network. The protocol blocked assets in the amount from above $3.5 billion. The third version of the project will be deployed along with the second version, They will work at the same time. Therefore, users will be able to quickly transfer their assets from an outdated protocol.

In November last year, the AAVE project froze
Pulas with 17 tokens, with low liquidity.