Aave launches V2, allows users to users to swap debt

Aave, a decentralized money market, has released specifications for version two of its protocol as the project eyes $1 billion locked under contract. Aave announced plans to transition to a fully autonomous and decentralized protocol through its “genesis governance” and Aave Improvement Proposals (AIP) scheme.

According to reports, Aave will partner with real estate tokenization firm RealT to bring home mortgages to DeFi. v2 will also include transaction fee optimizations such as native support for smart contract GasToken.

Aave founder Stani Kulechov says v2 will allow users to swap debt from one currency to another and to swap collateral without returning the loan.

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Cult Today

Cult Today

CULT is a collective for NFT lovers. We are passionate NFT hoarders, we love minting our own collections and we are always on the lookout for collaborations. Most of our work can be found on StakeCube Marketplace

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