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Aave Plans To Launch Aave V3 On The Ethereum Protocol
https://tokenhell.com/?p=40704 via @tokenhell

Following a successful DAO vote, the decentralized finance (DeFi) lending platform is set to unveil the third version of its tool on the Ethereum ecosystem. The launch is set to come with support for seven different crypto assets.

Aave V3 Set for Launch

According to reports, the new version will support seven crypto assets like wrapped BTC, wrapped and staked Ether, DAI, USDC, Aave, and LINK. Chaos Labs, the DeFi risk manager, proposed the assets. Furthermore, the Aave DAO community voted to adopt Chaos Lab due to its risk-off model for the deployment of the v3 on the Ethereum protocol at the start of January.

Meanwhile, the prices for all the listed assets apart from wrapped BTC and wrapped or staked Ether are to come directly from the Chainlink pricing feed. As an oracle protocol, Chainlink provides data for pricing feeds linked to smart contract platforms.

Hence, Aave’s price will depend on the price adapter smart contracts, as revealed by the Aave developer, BGD Labs. However, the price adapter smart contracts are based on the Chainlink feeds, with the latter being the focus of the pricing process....