Aave

**DeFi Day del Sur** concluded successfully in Buenos Aires, featuring six comprehensive panels covering key industry topics. **Key Panel Topics:** - **DeFi breakthroughs** with leaders from Uniswap, 1inch, CoWSwap, 0xProject, and Aave Labs - **Real World Assets (RWAs)** scaling discussion with Aave Labs, Securitize, and Baillie Gifford - **Crypto commerce rails** featuring Mastercard, Linea, Optimism, Avalanche, and Aptos - **Ethereum alignment** with Ethereum Foundation, Arbitrum, and Aave founder Stani Kulechov - **LATAM regional adoption** highlighting Buenos Aires as the crypto capital - **Stablecoins** panel with Chainlink and Visa representatives The event showcased **Buenos Aires' growing position** as Latin America's crypto hub, with local companies like Lemon and Ripio participating alongside global players. **Full panel videos** will be available on the [Aave Labs YouTube channel](https://www.youtube.com/@AaveLabs).

**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.

The final vote is currently taking place regarding the Events Funding for the collaboration between Aave Companies and Aave DAO.

Starting from October 19, 2023, users can now switch tokens directly on Aave.

Aave DAO has partnered with Immunefi to launch a $1 million bug bounty program. The program aims to ensure the security of the Aave protocol by encouraging developers and security experts to identify and report any vulnerabilities. Immunefi will provide technical support in managing the bug bounty program.