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.
CEO Brad Garlinghouse said Ripple has spent $200 million defending itself against the US Securities Exchange Commission’s (SEC) lawsuit. As Ripple grows to include the United Arab Emirates, Garlinghouse expressed disappointment that the United States has fallen substantially behind and noted that the country had prioritized politics above policy said In a message to SEC chair Gary Gensler. As many American-based businesses and publicly traded American enterprises would concur, he also recommended entrepreneurs against beginning in the United States.