BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Metis DAO’s Possible Integration with AAVE Makes It An L2 Underdog

by Abimbola Adu
Jan 18, 2023 - 12:00 am
in Blockchain
Metis DAO's Possible Integration with AAVE Makes It An L2 Underdog

Metis DAO, an Ethereum-based layer-2 blockchain, has finally gotten Aave’s approval and is now a top candidate for its V3 deployment. Aave has long since mentioned the possibility of teaming up with the decentralized autonomous company but has only recently taken serious steps to make it a reality. On January 16th, Metis DAO made a tweet announcing this news.

https://twitter.com/MetisDAO/status/1615003960774983686

This development follows a thorough analysis of Metis’ infrastructure to ascertain whether it can handle integration with Aave. BGDLabs, a popular web3 institution that analyzes crypto projects, did a meticulous dive into the Metis DAO recently and published a mostly positive pdf report about it. Soon after the report was published, Metis was shortlisted for Aave V3 integration.

Aave is a decentralized liquidity protocol that enables its users to invest and borrow liquidity. It allows suppliers to earn profits from interest accrued on the liquidity they supply. Other users, or borrowers, can borrow from the platform without having to stake too much as collateral.

While Aave has been offering this much functionality for a while, it has always identified lapses and made possible improvements. So the protocol routinely updates itself, with Aave V3 being the latest of them. 

In addition, this current version comes with additional functionality. Portals, one of the newest improvements, is a bridge-based function that allows Aave V3 markets to trade liquidity with other protocols. Efficiency mode, another recent addition, allows borrowers to utilize the highest credit possible based on their collateral. The V3 protocol also comes with risk management, improved decentralization, and troubleshooting features.

While all these improvements are impressive and pretty reasonable, they require a strong DAO network to function. This is where MetisDAO comes in.

Metis DAO is a web3 network aimed at growing decentralized autonomous organizations or DAOs. It allows a community of people to exercise voting and decision-making power aside from the organization’s main board of directors.

For a P2P platform to properly function, DAOs are essential. And this is why Metis is very critical to Aave at this point. People are already talking about Aave’s possible integration with Metis’ mainnet, Andromeda. A Twitter user analyzed this current situation, calling Metis DAO an L2 underdog.

Despite hailing Metis for its incredible speed, the thread identifies its inadequate number of dev activities as a problem. But while it needs more active dApps to solidify itself further, Metis DAO is certainly already a force to be reckoned with at the moment.

Tags: Aave
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service