Home > NEWS > Aave deploys V3 on Ethereum after 10 months of testing on other networks

Aave deploys V3 on Ethereum after 10 months of testing on other networks

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According to the article released by the elite team of Aave on January 27, the third version of data encryption loan using Aave has been deployed to Ethereum for the first time. "Aave V3" was first announced in March 2022, and was soon deployed on various Ethereum vm virtual machine (EVM) adaptation blockchains. Up to now, Ethereum customers can only browse the old version of "V2".

Aave V3 has many functions to help customers save costs and maximize user capital efficiency. For example, if the borrower's collateral is highly related to the borrowed property, the efficient way allows the lender to prevent some of the more stringent risk main parameters of the application software. The real estate developers indicated that this might be effective for the lenders of stable currency or liquid mortgage derivatives.

In addition, the "protection" function allows some high-risk properties to be used as collateral, as long as they have their own debt ceiling and are only used to raise funds for stable currency. In previous versions, there was no way to limit the type of property that could be raised under certain types of collateral. This means that coins with relatively low total market value and poor liquidity cannot generally be used as collateral.

ofAfter the failure of Eisenberg's siege, Aave purchased 2.7 million CRVs to clear the bad debt losses

V3 also includes a natural gas optimization calculation method. The real estate developer shows that the optimization algorithm will reduce the gas cost by 20% to 25%.

The V3 code was released as early as November 2021. In March 2022, the Aave DAO approved the deployment of a new version of the basic network voting. In the following months, V3 was deployed to avalanche (AVAX), bear (ARB), optimist (OP) and irregular graph (MATIC). However, the Ethereum version of Aave has always been highly mobile, and V3 has not been available on it before.

According to the suggestion of the official website, only seven coins were initially sent. The operation of online voting gradually lasted for two days from January 23. After the supporters obtained the online vote, the work of the proposal was promoted on January 27. Less than 0.01% of DAO members voted online to boycott the proposal.

In November 2022, Aave encountered a bearish attack of US $60 million, which affected the process of rectification procedures, and finally failed.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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