TechFlow News — Noah Goldberg, founder of Gold Beech Capital, said on Twitter that the decentralized lending protocol Aave will partner with institutional-grade security firm Fireblocks to launch Aave Pro, a product for institutional users, in July. Key features of Aave Pro include the use of Aave V2 smart contracts and the addition of a whitelisting system that only allows KYC-verified participants to access the Aave Pro pools. Initially, the liquidity pool for Aave Pro will include only four assets with high institutional demand: Bitcoin, Ethereum, USDC, and AAVE, and it will be separated from other liquidity pools within Aave. Institutional KYC verification will be supported by Fireblocks, which will also implement anti-money laundering and anti-fraud controls on the Aave Pro market. Aave Pro will remain decentralized and will be governed through Aave's community governance mechanism.
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