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DeFi Protocol Aave V2 Goes Live On Kovan Testnet

Mary Liu

Summary: According to the official announcement, DeFi Protocol Aave V2 has officially launched on the public testnet Kovan. Aave V2 contains many new features, including collateral repayment, debt tokenization and native credit delegation, fixed-rate deposit, Improved stable borrow rate, etc. To test the Aave V2, uses can switch their wallet providers to the Kovan network for free cost. The code ...

According to the official announcement, DeFi Protocol Aave V2 has officially launched on the public testnet Kovan. Aave V2 contains many new features, including collateral repayment, debt tokenization and native credit delegation, fixed-rate deposit, Improved stable borrow rate, etc. To test the Aave V2, uses can switch their wallet providers to the Kovan network for free cost. The code is currently under 4 audit and formal verification, results will be published before the launch of the mainnet. In addition, Aave's ongoing bug bounty program can receive up to $250,000.

By Mary Liu

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