Aave V3 is Now Available on Seven Public Testnets

TokenInsight news, Aave V3, the decentralized lending protocol, is now deployed on seven test networks - Ethereum Rinkeby, Fantom Test Network, Harmony Test Network, Arbitrum Rinkeby, Polygon Mumbai, Optimism Kovan, and Avalanche Fuji. Updates to Aave V3 include: launching a feature that automatically optimizes user investments to get better borrowing rates; introducing new risk management features such as borrowing caps; adding support for multiple Ethereum Layer 2 networks; launching a "Portal" cross-chain feature that allows assets to be transferred across mainnet such as Ethereum, Solana, Fantom, etc.