Aave deploys DeFi protocol on BNB Chain
The BNB Chain team said that Aave’s deployment on the network provides their community access to increased liquidity and new lending and borrowing options.
Decentralized finance (DeFi) platform Aave has deployed its money market protocol on the BNB Chain network as the blockchain expands its DeFi ecosystem.
In an announcement sent to Cointelegraph, the BNB Chain team said that Aave is joining the growing list of DeFi protocols on BNB Chain. The lending protocol is joining the likes of Uniswap and PancakeSwap to boost the DeFi ecosystem on the blockchain network.
With Aave’s deployment on BNB Chain, the network will have several DeFi lending protocols, including Ambit Finance and Venus. Apart from this, BNB Chain currently has liquid staking protocols, LP tooling, perpetuals and decentralized exchanges (DEXs). According to the team, it may also add restaking protocols to its DeFi ecosystem soon.
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