Key Points: The Aave community proposed a vote for “introducing sfrxETH to the V3 Ethereum Market.”
The community is trying to introduce sfrxETH into the V3 Market as a strategic reserve asset. This will provide an alternative source for revenue, foster ecosystem variety, liquidity, and strengthen Ethereum’s decentralization.
A vote was held by the Aave community on February 11, to include sfrxETH in the AaveV3 Ethereum market. The deadline for the vote is February 14, at 19:00. Frax Finance, a mixed algorithm stablecoin system, offered frxETH as a liquid pledge token for Ethereum pledges. To earn Ethereum pledge income, users can re-pledge frxETH and sfrxETH. Users do not need to have 32 ETH or run node infrastructure. Aave can offer customers sfrxETH loan services. sfrxETH will also earn pledge rewards. It is a type collateral that can be kept for a long period of time and has a low counterparty risk. The community aims to introduce sfrxETH into the V3 market as a strategic reserve asset. This will provide Aave with additional revenue, foster ecosystem variety, liquidity, and strengthen Ethereum’s decentralization. The V3 version will include several new features such as an eMode mode that increases the platform’s capital efficiency and an isolation mode that helps ensure the platform’s liquidity. This website provides general market commentary but does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: AAVEAave v3BlockchainEthereummarket