Aave V3 To Launch On Ethereum L2 Network Metis Following Positive Community Vote

The Aave DAO completely voted in support of a proposal to launch the third iteration of its lending service on Metis, an L2 scaling network built atop Ethereum’s blockchain.Launching on Metis will allow users of the popular DeFi lender to access lower transaction fees and enjoy liquidity incentives offered by Metis.The move could bootstrap activity on Metis and drive adoption on the L2 amid growing competition in Ethereum’s scaling protocol landscape. Ethereum L2 scaling network Metis will welcome DeFi lending protocol Aave to its ecosystem after a community voted in support of the move.