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Aave Supports Lido with New Deployment
#AAve #LIDO $AAVE $lido #LST

Aave has launched a Lido-focused deployment of Aave v3 to support recursive stETH borrowing, promoting the adoption of Lido’s stETH liquid staking token (LST).

Proposal Approval and Deployment
On June 20, the Aave community approved this initiative, emphasizing the profitable symbiotic growth between Aave and Lido. The deployment will support wETH and wstETH assets, with a borrowing cap for wETH set at 90%.

Statistics

Aave: 3rd largest DeFi protocol with a TVL of $12.3 billion (DeFi Llama).Lido: Largest LST with a TVL of $33.6 billion, accounting for 28.8% of staked Ether (Dune Analytics).AAVE price: Down 2.3% in the past 24 hours.LDO token: Up 3.2%.

Lido Alliance
Lido formed the Lido Alliance in mid-May to develop stETH infrastructure, attracting nearly $1.23 billion in ETH over the past 30 days. The alliance includes the Symbiotic protocol and Mellow, a liquid restaking protocol.

Aave on ZkSync Era
Aave’s community approved deploying Aave v3 on ZkSync Era, a Layer 2 network with a TVL of $1.38 billion, following ZkSync’s airdrop. This marks Aave’s eighth Ethereum scaling deployment and second on a zkEVM network.

Additional Proposals

Deploying GHO stablecoin on Arbitrum.Launching USDC.e pools on Gnosis Chain.Issuing 600,000 GHO to the Aave Liquidity Committee.