DeFi Lending firm Aave Plans to launch Liquidity Mining Program

in hive-116221 •  4 years ago 

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Aave, a DeFi lending giant, is set to launch a liquidity-mining program. The program is set to help the firm surpass Compound in terms of reach and revenues.

Aave is planning to launch a liquidity mining program on April 26. This feature will enable the firm to become a popular decentralized finance (DeFi) protocol. This program will also help it rank ahead of other protocols such as Compound and MakerDAO.

On Saturday, Aave had attained the required quorum on the Aave Improvement Proposal (AIP), which means that from Monday, four liquidity providers on the protocol on DAI, ETH, GUSD, UDSC, USDT, and WTBC pools will receive stAAVE rewards. The borrowers will also earn a standard interest yield.


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