The Aave DAO just deployed a dedicated EtherFi market on Aave. Users will now be able borrow stablecoins like $USDC, $pyUSD, and $FRAX against their weETH liquid staking tokens.

Liquid restaking tokens like weETH have introduced more advanced DeFi strategies like leveraged ETH staking, made possible by Aave's flexible architecture. Currently, the demand to borrow against weETH collateral on Aave is so high that caps are filled within minutes each week on Ethereum, Arbitrum, Base, and Scroll.

This is the second dedicated instance, following Lido's last month, and Ethena's which is currently in a final comment period in Aave DAO governance. It also provides a glimpse at Aave V4, in terms of dedicated liquidity instances and the ability to isolate risk.

This dedicated EtherFi market also shows that the Aave community is considering more curated, scalable, and liquid markets, over a higher quantity of potentially risky markets for smaller assets.

⭐ Trusted Talent - Treasury Rewards ⭐

This week we noticed our Trusted Treasury has filled up to 33 WMATIC so we're celebrating not just one but  THREE remarkable pieces of art. Nominate your favorite artwork by leaving a comment to a  collectable piece of art on Lens, and then cast your votes by liking the comments. The piece with the most likes gets 33 WMATIC from our community wallet, our Trusted Treasury.

 And @ryanfox.lens will personally match the next two choices with 33 WMATIC each thanks to a lucky streak gambling on some, let's say...  Lens Friend Technology.  

And please feel free to nominate yourself.

Voting ends Friday October 13th at 12pm EST. 

This post is eligible for collection for 0.25 WMATIC, helping out with our buys and throwing some support to the show.
Let's keep building the Trust Me Bro Art Gallery: gallery.so/trustmebro

Artists featured in this video:
@ruthless.lens
@ellabee.lens
@mazemari.lens
@cmn__.lens
@artsea.lens
@potential.lens
@millionrecords.lens
@datartist.lens
@lanaling.lens
@andresbriceno.lens
@alimo.lens
@zospours.lens
@tinyrainboot.lens
@chaoticmonk.lens
@internetfase.lens