DeFi Day del Sur Brings Together Industry Leaders in Buenos Aires

**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)

**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)

**Aave V3 is now live on Plasma**, a high-performance blockchain designed specifically for stablecoins. **Initial asset support includes:** - USD, USDe, sUSDe - XAUt (gold-backed token) - WETH and weETH The deployment was handled by BGD Labs on behalf of Aave DAO, with comprehensive risk analysis from Chaos Labs and Llama Risk. **Chainlink provides price feeds** for secure operations. Plasma's focus on scalability and stablecoin infrastructure makes it a strategic addition to Aave's multi-chain presence. Supply and borrow caps are detailed in the [governance proposal](https://governance.aave.com/t/arfc-deploy-aave-v3-on-plasma/21494). Users can access the new market through the [Aave app](https://app.aave.com/markets/?marketName=proto_plasma_v3) immediately.