AAVE Coins Surges over 50% in A Week: What Now?
The cryptocurrency space has evolved in a remarkable way over the course of the past few years and it is no longer only about Bitcoin. One of the more important trends to have evolved in recent times is that of Decentralized Finance or DeFi.
There are now plenty of projects that are involved in this space and hence, the protocols also need to get better in order to get market share. On April 27, a new liquidity mining program was launched by AAVE.
It is aimed at boosting borrowing as well as lending activity. The DeFi protocol is meant for attracting more investors and it going to run up until July this year. In this regard, it is also important to point out that the liquidity mining system has only been introduced in the AAVE 2 protocol. It has been done with the aim of attracting investors who are currently using the earlier protocol.