Aave has integrated METIS as collateral on the L2 network Metis

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Cointime2024/08/22 02:21

By:Cointime

According to CoinDesk, Aave has integrated METIS as collateral on the Ethereum Layer 2 network Metis. Users can now borrow based on their METIS holdings at a loan-to-value ratio (LTV) of 30%, thereby obtaining liquidity without selling METIS. This feature takes advantage of Metis network's faster and cheaper transaction advantages compared to the Ethereum mainnet, improves capital efficiency, and provides users with more access to financial tools.

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