Aave Labs@aave·Jan 27

Big thanks to our Aave Fam! 🤍 

Aave Protocol V3 is now live on the Ethereum market 🚀

”The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, and its improved capital efficiency and decentralized liquidity – all while reducing gas costs.” @stani.lens

With the deployment of V3 on Ethereum mainnet, Aave’s first and largest market, our community has unlocked new technical features and benefits, including 👇

🔋 High-Efficiency Mode: allows users to increase their capital efficiency when supplying and borrowing correlated assets like stablecoins and liquid staking derivates (LSDs)

💪 Isolation Mode: enables more assets to be listed on Aave as collateral while maintaining the security of the protocol. Liquidity risks can be siloed by listing assets in isolation mode.

⛽️ Gas Optimization: reduces gas costs associated with all the functions across the board by ~ 20-25%.

Our migration tool for moving your assets from V2 ➡️ V3 is ready to help all the DeFi ghosts 👻 out there to move your positions over smoothly in a single transaction. Deep dive into the migration tool and more in the V3 ETH blog here: aave.mirror.xyz/K9gQPsv-hAH-gO4oH2i0Oen8uQEHYL5q8x9xjN9XnmA

Decentralization drives our community forward 🚀 and with this shared mission in mind, we will continue to build and innovate together 👻.

Post by @aaveaave.lens