Aave to Support METIS Tokens as Collateral
On August 22, DeFi lending protocol Aave announced its support for METIS token as collateral on the Metis network. This move will expand the usability of METIS token and increase capital efficiency for Aave users. According to the announcement, Aave will provide a loan-to-value (LTV) ratio of 30% for METIS token, meaning users can borrow assets equivalent to 30% of their total METIS collateral value. Users will be able to use METIS as collateral to borrow the following assets: USDT, USDC, DAI, and ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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