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The DeFi lending protocol Aave V2 version is launched on the main network, adding multiple functions such as batch flash loans, income and collateral exchange

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Users do not need to have positions that can close out V1 loans when migrating.

Rhythm BlockBeats news, on December 4th, the decentralized lending platform Aave announced the launch of V2 version mainnet. The V2 version has passed multiple audits, and has added a variety of new functions such as batch flash loans, collateral repayment, local credit authorization, fixed and variable borrowing rates, etc.

V2 new features include:

Revenue and collateral exchange: Collateral can be freely traded. Even if these assets are used as collateral, users can use Aave-supported features to trade collateral for other crypto assets Collateral swaps can be used as a tool to avoid liquidation;

The flash loan has been updated;

Collateral repayment:Users can directly use the collateral with only one transaction

bulk lightning Loans: Developers can execute flash loans with multiple assets in the same TX. This means flash loan borrowers have access to nearly all protocol liquidity.

Debt tokenization: in In V2, debt positions are tokenized, so borrowers will receive tokens representing their debt. This tokenization of debt enables native credit delegation in the Aave protocol and allows borrowers to manage their debt positions from cold wallets.

Local Credit Authorization:In DeFi Mortgage loans have become an increasingly popular way to connect liquidity without requiring existing capital. Local credit delegation will expand on this in V2. Borrowers using credit authorization can be institutions, enterprises, non-governmental organizations, and cryptocurrency exchanges (such as DeversiFi), etc., further unlocking the potential of DeFi and adding liquidity to the financial world. The use of credit authority allows the settlor to obtain additional benefits on top of the benefits already obtained in the agreement, and the borrower can obtain unsecured loans.

Gas optimization: Aave V2 introduction A gas optimization solution has been introduced, which in some cases has reduced protocol transaction costs by up to 50%;

Fixed and variable borrowing rates: With Aave V2, borrowers can have both fixed-rate and variable-rate borrowing positions in the same wallet, while having the same underlying assets. Borrowers can still switch between variable and fixed rates at any time.

Mobility migration to V2:Recent community The AIP-3 proposal was passed to make the migration from V1 to V2 more seamless. By using the migration tool supported by Flash Loan, users do not need to have positions that can close out V1 loans when migrating. Users do not need to close out the V1 loan position when migrating. Users do not need a position that can close out V1 loans when migrating.

Security and Audit: Formal Verification Done by Certora, report will be published soon. Aave V2 has been audited by MixBytes, CertiK, ConsenSys Diligence and PeckShield, including a Chinese audit report;

< span style="font-weight: bold;">Storage factor and parameter changes:V2 Increase Aave’s current borrowing limit by optimizing risk parameters, and increase the collateral capacity of USDC, BAT, LINK, UNI, WBTC and WETH ;

Lower stablecoin borrowing rates:< /span>V2 also introduces a reserve factor to fund the long-term sustainability of the DAO. The reserve factor allocates a portion of the protocol revenue to the Aave ecological reserve. This reserve is used to maintain the DAO and pay out contributors. A key payout of The DAO is rewarding security module stakers for risking deficits. The reserve amount is also a risk premium, so it will be adjusted according to the overall risk of the asset.

Launched earlier this year, Aave Protocol V1 aims to unlock the value of DeFi and improve user experience. Then within half a year, the market size of Aave has exceeded 1 billion US dollars.