A Complete Guide | How Aave Governance Platform Works? |
Aave is an open-source & non-custodial liquidity protocol for earning interest on deposits and borrowing assets.
Aave version 1 launched last year with the goal of unlocking value in DeFi and improving the user experience. Its market size expanded to over $1 billion within six months. This exponential growth helped it break all records in the Defi space.
With its first version, the protocol gave the world genius innovations like tokens and Flash loans. And now, the Aave protocol has launched its version 2 which brings us yield and collateral swapping, along with other important upgrades.
The Aave v2 offers its users collateral swapping. Users can swap their underlying collateral in a gas efficient manner.
this feature can also be helpful in avoiding liquidations. You can easily trade your collateral for a stablecoin without having to worry about price fluctuations.
Another use of this upgrade is that it gives users the opportunity to delegate their credit lines to addresses other than their own.
To know more about how it works, watch our tour video of Aave v2 platform.
0:00 Intro
0:30 Aave v2
1:41 How it works?
1:51 Aave platform
2:36 Aave governance
4:44 Delegation
5:49 Aave v2 review
7:10 Summation
7:27 Outro
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