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AAVE needs this to strengthen its presence in the DeFi space
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AAVE is one of the biggest lending protocols in the DeFi space. When such a project starts to lag, it raises concern over the entire space. Looking at AAVE’s movement right now, that concern is all but rising.
When it comes to a DeFi project, consistent utilization is a bigger concern than adoption. The DeFi hype has come down significantly over the last month and so it has had an equally negative reaction on some major DeFi projects.
Now AAVE is still doing well when it comes to adoption in the sense that Balancer Labs, a DApp leading in programmable liquidity yesterday brought AAVE boosted pools to their network in order to provide increased yields, greater capital efficiency, deeper liquidity to their users.
But the once king of DeFi has
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