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Aave Set to Launch Third Version of Its Crypto Lending Protocol on Ethereum

DeFi lending platform Aave is set to launch the third version of its protocol on Ethereum after a successful DAO vote.

Aave v3 on Ethereum will be launched with support for seven assets: wrapped bitcoin, wrapped ether, wrapped staked ether, USDC, DAI, link, and aave. These assets were proposed by DeFi risk manager Chaos Labs. The Aave DAO voted in favor of Chaos Labs’ risk-off approach for the initial deployment of Aave v3 on Ethereum earlier in January.

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