Aave reached $100M in protocol backstop protection module Umbrella.
Umbrella is another reason why integrate Aave, providing automated protection for users.
The @aave Umbrella protocol passed $100M of staked assets in less than a week.
Umbrella Protocol:
- Allows users to pledge their staked Aave assets like $aUSDC, $aUSDT, $aWETH, $GHO to earn additional yield in exchange for providing credit support in the event of slashing.
The DeFi regulatory environment is quickly loosening at the same time protocols like $AAVE continue to mature and grow.
Get ready to do a lot of winning. Feels like we are on the precipice of a huge wave of adoption.
Congrats to the Aave team.
Just use Aave.
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