Decentralized lending and borrowing protocol Aave is voting to execute its third iteration or “v3” on the Ethereum blockchain. reports
is calling v3 the “most significant upgrade to the Aave Protocol” since it launched in January 2017.
The vote ends Jan. 25, 2023 18:58 UTC, and if the proposal passes, the deployment will execute on Friday, Jan. 27. Kethfinex, a pseudonymous spokesperson for Lido, a major protocol in Ethereum DeFi that plugs into Aave, said v3 will improve the lending and borrowing markets for Lido’s staked ETH – one example of how v3 could shape the broader market.Aave did not return a request to comment by press time.
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