Aave to launch institutional DeFi platform Aave Arc

The leading lending platform Aave has rebranded its institutional DeFi platform, changing its name from Aave Pro to Aave Arc. In an interview with The Block сообщил CEO Stani Kulechov.

He said there were several weeks left before Aave Arc went live, though the launch was planned for July.

Aave Arc will be available to institutional investors whose activities require strict regulatory compliance. Depositing and borrowing will be available to clients who have undergone KYC.

Returns from whale-focused private pools may differ from those of public pools due to restricted access. However, Kulechov noted that arbitrage activity can smooth out the differences in interest rates.

Aave leads DeFi projects by total value locked in the protocol, at $12.18 billion.

Earlier in June, Compound Labs, the company behind the eponymous lending project, opened a subsidiary structure Compound Treasury. It provides neobanks and other financial institutions access to the DeFi ecosystem.

Subscribe to ForkLog’s channel on YouTube!