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Aave Partners With Balancer To Combine Liquidity And Lending Features
Summary: DeFi lending platform Aave and automatic market maker Balancer announced a partnership to jointly develop Balancer V2 Asset Manager, a platform to allow idle assets in the V2 pool to earn yields on Aave. In the current structure of Balancer, users deposit funds in a liquidity pool to achieve decentralized asset transactions. In exchange, they ...
DeFi lending platform Aave and automatic market maker Balancer announced a partnership to jointly develop Balancer V2 Asset Manager, a platform to allow idle assets in the V2 pool to earn yields on Aave.
In the current structure of Balancer, users deposit funds in a liquidity pool to achieve decentralized asset transactions. In exchange, they will receive a portion of the transaction fee and mining yields in the form of Balancer's native token BAL.
However, most of the assets in the liquidity pool are usually idle. Through the integration of the features from Aave and Balancer, users will be able to get two forms of return from deposits: transaction fees and mining returns from Balancer, and lending interest from Aave.
The research and coding process of the Asset Manager has begun, and the initial test is expected to conduct after the launch of Balancer V2 in March.
By Mary Liu
Tags: Aave,Balancer
Link: Aave Partners With Balancer To Combine Liquidity And Lending Features [Copy]
