Aave Launches V3 on Metis Network; Liquidity Incentives Offered

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After receiving a decisively favorable response from the community, Aave will launch its version 3 (V3) on the Ethereum layer 2 ecosystem Metis Network. With the change, Metis users will now have access to Aave’s borrowing and lending capabilities, which is expected to improve market liquidity for both ecosystems. In order to increase network traction, Metis is offering liquidity incentives to users, including 100,000 native Metis tokens as a mining incentive for liquidity for Aave users on the network and 4,000 METIS to participating protocols proportionate to the amount of monthly transactions generated.

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