Aave V3 Launches on Plasma Blockchain with Six Initial Assets

**Aave Labs announced Aave App** at EF Devconnect - a consumer-friendly savings tool designed to make DeFi accessible to mainstream users. **Key Features:** - Industry-leading interest rates - Zero-fee onramping - Up to $1M balance protection - Powered by Aave Protocol ($50B+ deposits, 2.5M+ users) **The "Fintech Test"** The app passes what Aave calls the "Fintech Test" - users can't easily tell it's blockchain-powered, which is crucial for mass adoption. **Built for Everyone** Unlike traditional DeFi interfaces, Aave App prioritizes user experience over technical complexity. The goal is onboarding millions of new users who want better savings rates without crypto complexity. The [waitlist is now live](https://aave.com/app) for early access.

At EF Devconnect, Aave founder **Stani Kulechov** presented his vision of credit as the fundamental engine driving civilization forward. **Key Points:** - Credit systems have historically powered economic growth and societal development - Aave is positioning itself as the **credit layer for the future** - The protocol aims to become foundational infrastructure for decentralized finance Kulechov's presentation explored how traditional credit mechanisms have shaped human progress and how blockchain technology can revolutionize this space. **Aave's Evolution:** - Moving beyond simple lending/borrowing - Building comprehensive credit infrastructure - Enabling new financial primitives The talk highlights Aave's strategic shift toward becoming essential financial infrastructure rather than just another DeFi protocol. [Watch the full presentation](https://youtu.be/4dXaHUUQwfI)

**Tangem has launched Yield Mode**, a new feature that integrates directly with Aave Protocol within their self-custodial wallet. **Key Features:** - Access DeFi yields in seconds without leaving the wallet - Direct asset supply to Aave's lending protocol - Built-in integration eliminates need for external platforms The integration connects Tangem users to **Aave's established lending infrastructure**, positioning it as DeFi's largest trusted protocol. Users can now earn yields on their crypto assets while maintaining full custody through their Tangem hardware wallet. This partnership bridges the gap between **hardware wallet security and DeFi accessibility**, making yield generation more streamlined for self-custody users. [Learn more about Yield Mode](https://tangem.com/en/blog/post/yield-mode/)

**Aave V4 testnet is now live** with a developer preview of the new **Aave Pro interface**. The testnet allows developers and users to explore the latest version of the decentralized lending protocol before its mainnet launch. Key features: - New Pro interface design - Developer preview access - Testing environment for V4 functionality Users can access the testnet at [pro.aave.com](https://pro.aave.com/) to experience the updated platform. This marks a significant step forward for Aave's protocol development, offering the community early access to test new features and provide feedback.

**Aave V4 transforms DeFi lending** with a revolutionary architecture that unifies liquidity across markets. **Key Innovation: Hubs and Spokes** - Hubs store liquidity pools - Spokes implement custom lending rules and market logic - Multiple markets can draw from the same liquidity source **Benefits for Users and Builders:** - Enhanced capital efficiency across all markets - Specialized markets can access deep liquidity from day one - Custom lending parameters without liquidity fragmentation **Real-World Applications:** - Pendle markets accepting multiple PTs as collateral - Uniswap LP-focused lending markets - Shared ETH liquidity across different use cases **Strategic Impact:** V4 positions Aave as DeFi's operating system, enabling previously unviable markets while maintaining security and efficiency. This architecture supports the migration of global finance onchain by serving specialized needs without sacrificing liquidity depth. [Read the full unified liquidity thesis](https://aave.com/blog/aave-v4-unified-liquidity-thesis)