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Aave, a non-custodial lending and borrowing protocol, has become the second DeFi protocol to hit that milestone, which means Aave users have deposited $1b worth of assets for lending and borrowing purposes. According to Defi Pulse, nearly $6b assets are currently locked in DeFi protocols.
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Aave recently announced version two of its protocol, preparing a suite of new features for its users including native undercollateralized loans/credit delegation, improved borrow rates, and debt trading. Aave's milestone follows just three weeks after MakerDAO became the first DeFi protocol to hit $1B total value locked. According to Defi Pulse, nearly $6 billion assets are currently locked in DeFi protocol.
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