TechFlow news: DeFi lending protocol Aave has announced support for the METIS token as collateral on the Metis network. This strategic move will expand the utility of the METIS token and enhance capital efficiency for Aave users.
According to the announcement, Aave will offer a 30% loan-to-value (LTV) ratio for the METIS token, meaning users can borrow assets worth up to 30% of their staked METIS value. For example, if a user deposits METIS worth $100 as collateral, they can borrow up to $30 (30%) in other supported assets.
Users will be able to use METIS as collateral to borrow the following assets: USDT, USDC, DAI, and ETH.
Add to Favorites
Share to Social Media
