Moni Talks EN
Published in

Moni Talks EN

🤙 Follow AAVE and mmet the bright DeFi Future!

Ooh-oops. We’re a little late, right? Okay, let’s cover this news anyway. It will be okay, okay?!

And so, the great and terrible AAVE Protocol is taking a big step in the development of crypto institutional support! Maybe you have a question… what is this AAVE? Ok, let’s figure it out.

Aave is a decentralized platform that is a liquidity protocol in the crypto space. It allows ordinary users and investors to borrow and lend assets.

Interesting? Let’s go further!

PRO allows the guys from the corporate world to access DeFi-grade profitability through Aave. However, this will be a specially curated version. Access to it will be opened only after “certain requirements” are met. Namely:

The platform will add a whitelist layer to its v2 smart contracts, obliging them to pass KYC. By doing this, she ensures that only “institutions, corporations, and fintech” that have passed the Fireblocks audit can access Aave Pro. Fireblocks will also implement anti-money laundering and anti-fraud measures in Aave Pro.

* Fireblocks, a digital asset security platform.

  • According to one leak, Aave Pro will include liquidity pools for Bitcoin, Ethereum, USDC, and Aave. Well, unlike Compound and Coinbase, which only offer USDC yield.

A little humor from @ASvanevik

This letter was posted on Twitter @TraderNoah. It explains the product well. Aave Pro has been discussed at Blockworks’ recent “Next Steps in Institutional DeFi” webinar. The webinar was attended by AAVE founder and CEO Stani Kulichev, Fireblocks CEO and co-founder Michael Shaulov and Galaxy Digital CEO Mike Novogratz.

Some Twitter users have raised concerns about StakeHound’s lawsuit against Fireblocks, accusing them of losing private keys to a wallet containing $ 72 million worth of ETH.

There are still disagreements in the community over the development of KYC versions of the protocols. Because they go against the idea of ​​DeFi, namely the Permissionless principle, although most likely, these KYC versions will become a bridge between TradeFi and DeFi, shifting value and normalizing the use of a revolutionary new financial system — the traditional one.

Now about the main thing! The launch is planned for the end of July.

We have come to the end. Now you can chill and watch what is happening.

MoniTalks | Telegram | Chat | Twitter | Website




Daily crypto newsletter with the hottest 🌶 takes in your hand. Get up to date in under 5 min.

Recommended from Medium

Together for a good cause: Modex at Hacking for Humanity Romania 2018

Welcoming Rand under Automata Ecosystem Incentive Program

Onde Update May 2022



Open letter to investors on Q1 and future prospects.

YT channels I Watch

Crypto Market Positive About Bitcoin | Guild Projects Are Growing | Immutable X Moves | Tezos Grows…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Moni 👾

Moni 👾

Future is now, don’t miss out! Join our waitlist and get the app first →! Let’s outplay the market together! 💪

More from Medium

The Power of Dollar-Cost Averaging with Ricochet Exchange

How to Dodge a DeFi Rug Pull

Fei Newsletter January 2022

DAO Monthly Statement: January 2022