DeFi : Aave V3 arrives on the layer2 Metis

The CAD Aave approved a proposal to deploy the V3 of its protocol on Metisa layer2 Ethereum.

The Aave community unanimously (100%) approved on Friday the Aave Metis V3 governance proposal.

This proposal allows Aave Governance to activate the Aave V3 Metis (3.0.2) pool by completing all initial configuration and listing WETH, USDC, USDT, DAI, and METIS as suggested by the risk service providers (Gauntlet and Chaos Labs) on the governance forum,” the proposal page reads.

Metis is an EVM-compatible Layer 2 solution derived from Optimism. The TVL of layer2, which exceeded $400 million in March 2022 following the launch of its mainnet, has now melted and is evolving around 40 million dollarsaccording to DeFillama.

After the arrival ofAave on Metis, users can expect to benefit from improved access to lending services, which will further strengthen the DeFi ecosystem on the network. As a result, Metis could be poised for increased adoption and growth Metis wrote in a blog post.

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The deployment of Aave V3 on Metis should take place this Monday May 8th.

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