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Aave proposes to migrate DAO funds on Avalanche to V3, aiming to increase deposit interest rates

According to the Aave governance page, the Aave community has passed a proposal to migrate funds from the Aave DAO to V3 on Avalanche. The proposal suggests redeeming all Aave DAO funds on Avalanche V2, which is approximately $4.58 million, and transferring them to Aave V3 on Avalanche because V3 has higher interest rates and wAVAX rewards.

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