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AAVE V3
Question
Pepino
@pepino · Nov 15, 2023, 14:25
What has Aave V3 improved over V2 in terms of lending?
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Comments (1)
Wolven
@wolven · Nov 15, 2023, 15:06
Aave v3 has High Efficiency Mode (E-mode) as a new feature.
Stablecoins can be borrowed in E-mode.
For example, DAI, USDC, USDT are all stablecoins pegged to USD.
These stablecoins are all within the same E-mode category and can be borrowed up to 97% LTV(Loan to Value).
If LTV is 97%, it means that if you deposit $100 worth of USDC as collateral, you can borrow up to $97 worth of USDT against it.
Naturally, utilization rates and lending APY are likely to increase over Aave v2.
Stablecoins can be borrowed in E-mode.
For example, DAI, USDC, USDT are all stablecoins pegged to USD.
These stablecoins are all within the same E-mode category and can be borrowed up to 97% LTV(Loan to Value).
If LTV is 97%, it means that if you deposit $100 worth of USDC as collateral, you can borrow up to $97 worth of USDT against it.
Naturally, utilization rates and lending APY are likely to increase over Aave v2.
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0
