Since April, decentralized protocols for Finance (Defi) have added around $ 49 billion to the net total value (TVL).
Interestingly, Aave was good for around $ 15 billion of this increase and represented about 31% of the total growth on Defi -Platforms in the period.
Aave leads the package
The last figure means that for every $ 10 billion added to Defi TVL, Aave has contributed around $ 3 billion, according to recent data shared by Sealaunch on Dune Analytics.
Aave is a decentralized financial platform with which users can borrow and borrow crypto assets without trusting traditional intermediaries. Users who offer assets such as stablecoins, Bitcoin or Ethereum to liquidity pools can earn interest, while borrowers get access to these funds by delivering collateral. The interest rates are automatically determined according to the supply and demand conditions.
Earlier this month, the Defi platform announced that it is now the first Defi-credit protocol with net deposits of more than $ 50 billion, built on the current Marktrally that has continued since the end of October 2023.
Aave launched his permitted AAVE ARC protocol in 2021 and integrated KYC and anti-money laundering measures to meet the institutional requirements. ARC was used in Project Guardian under the Central Bank of Singapore to Tokenize. In March, Aave introduced his Horizon Plan to increase the real asset acceptance on Defi-Rails.
In the meantime, the indigenous token, Aave, has risen above $ 330 and almost 36% won last month, next to the wider markettrally.
Aave’s ink blockchain lending proposal
It is currently preparing for the use of a centralized version of his Defi -credit service on Kraaks’s Ink Blockchain after members of the community supported the plan with 99.8% approval in an ARFC mood. The proposal in question precedes a DAO mood on the chain via an AIP and includes the white sign of Aave V3 for the Ink Foundation.
The aim is to stimulate institutional acceptance of lending on the chain. The ARFC outlined that the relocation will help the credit protocol to extend its technology range and open new income channels, while part of the loan volume costs are equivalent to a reserve factor of 5%. The Ink Foundation also has promised financing to develop the protocol.
