Since its launch in 2020, Aave has been a leader in innovation in the DeFi ecosystem. However, the protocol wasn’t immune to the woes of operating in a multi-chain environment and has been impacted by the congestion and high latency Ethereum has long suffered from.
But, all of this has come to an end with the launch of Aave’s latest version, which set out to solve not just the technical limitations the protocol faced, but the problems users experienced as well.
Aave’s V3 set out to improve four key areas: capital efficiency, protocol safety, decentralization, and user experience. Aave’s development team saw these areas as ripe for improvement and has devoted months to overhauling the protocol.
1/ Aave V3 is here! The most powerful version of the Aave Protocol to date, V3 brings groundbreaking new features than span from increased capital efficiency to enhanced decentralization. Read what’s new in V3 in the thread belowor visit https://t.co/H3jTyKRqNs to dive in! pic.twitte