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18 January 2021

DeFi Lending Protocol AAVE Launches Massive Upgrade | Crypto Briefing

DeFi Lending Protocol AAVE Launches Massive Upgrade | Crypto Briefing


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Collateral swapping allows users to trade their collateralized assets for any other asset supported by the AAVE protocol.

Additionally, users will now be able to pay directly with their collateral and close their loan positions in a single transaction.

When executed, users will receive a newly-minted token that represents all of their debt. .

This feature will help users migrate from the V1 protocol to the V2 version.

These range from the addition of features like CD, new markets like RealT to more arduous undertakings such as the launch of the V1 mainnet, the token migration from LEND to AAVE, and the dissolution of the admin key

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