Aave V3 Deployed to Ethereum Mainnet

Aave tweeted that Aave V3 has been deployed to the Ethereum mainnet.

The new feature allows users to increase efficiency when supplying and borrowing stablecoins and related assets such as liquid staking derivates (LSDs) through the High-Efficiency Mode. The Isolation Mode allows more assets to be listed as collateral on Aave while maintaining the security of the protocol.

In addition, officials will reduce gas costs associated with all the functions across the board by about 20%-25%.