Aave Companies Seeks $16M From DAO Funds to Pay Crypto Developers

Portals, one of the biggest improvements, allow users to swap assets from any blockchain on which Aave is deployed. Users can create “aTokens” – which represent deposits into Aave – on one chain and burn them on another. This feature opened up the possibilities of on-chain trading strategies, such as yield arbitrage, or taking advantage of the varying yields offered by the protocol on different blockchains.

Source: https://www.coindesk.com/business/2022/09/08/aave-companies-seeks-16m-from-dao-funds-to-pay-crypto-developers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines