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Aave Increases Bitcoin and Ether Collateral Borrowing Limits on V3 and V4
(2 hours ago) · 1 source · Summarized by CryptoBipto
Aave, a major decentralized lending protocol, has raised the borrowing limits for users who put up Bitcoin and Ether as collateral on its V3 and V4 platforms. The changes allow users to borrow more against these assets within the protocol.
WHY IT MATTERS
Think of Aave like a digital pawnshop where instead of bringing in physical items, you deposit cryptocurrency as collateral and borrow other crypto against it.
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SOURCES
- thedefiant.io
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