One of the most popular DeFi lending protocols, Aave, now undergoes its long-awaited v2 upgrade. The first step for the new protocol was to be launched on the Kovan public testnet. The token`s price went down yesterday, but on a weekly scale, Aave has doubled in price.Originally, the migration to v2 was first announced amid the DeFi boom in mid-August. The plan included a list of improvements and new financial incentives. With the Aave\u2019s announcement from November 11, puts the improvements to life.One of the key protocol improvements is the chance of repaying a portion of the collateral without conducting multiple transactions. Doing so, the protocol would result in time optimization, lower network fees, and decreased effort. Another major improvement is the ability to tokenize debt positions, which will allow native credit delegation within Aave\u2019s v2 protocol. The result of the improvement would also allow better and more efficient positions management for both borrowers and lenders. The fixed interest rates, combined with stable borrowing rates eliminate losses due to volatility.Also, Aave\u2019s protocol update would tackle the problem with gas fees. Aave would utilize EIP 2612, which would allow gassless approvals. Further gas fee optimizations would also remove some of the burdens of network fees.\u201cV2 will be the start of what is commonly referred to as \u2018Liquidity Mining\u2019 for the users of the Aave Protocol,\u201d\u2014 Aave noted in its announcement. Aave further clarified that the protocol code is already under four audits and formal verification. After the verification is complete, the results from the audits would be published before the updated protocol\u2019s mainnet launch.However, the much-anticipated protocol update news didn\u2019t reflect positively on Aave\u2019s native token price. AAVE suffered from a 14% loss from November 11 \u2014 from $67 to $57. Nevertheless, the protocol\u2019s token is in a recovery mode after\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Um dos protocolos de empr\u00e9stimo DeFi mais populares, o Aave, agora passa por sua t\u00e3o esperada atualiza\u00e7\u00e3o v2. O primeiro passo para o novo protocolo seria lan\u00e7ado [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2665"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=2665"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=2665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=2665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=2665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}