Aave V3 makes its debut on Metis, new presale piques analysts' interest – Crypto...

As Aave (AAVE) launches its version 3 on the Metis platform, a fresh presale has caught the attention of crypto analysts. This new development promises to bring exciting changes to the ecosystem and could disrupt the billion-dollar lending market. Join us as we delve deeper into these intriguing updates.

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Aave v3: A Breakthrough Debut on Metis

Aave, a prominent decentralized liquidity protocol, has recently made its debut on the Ethereum layer-2 scaling solution, Metis. This move broadens the suite of decentralized finance (DeFi) offerings within the Metis ecosystem.

The Aave community had earlier expressed support for a proposal to deploy on the zkSync Era platform, a zero-knowledge Ethereum Virtual Machine (zkEVM). This decision opened up avenues for Aave to leverage the significant performance enhancements brought about by this scaling solution.

The most recent iteration of the Aave protocol is anticipated to offer advantages to users of both platforms. Particularly, users of Metis stand to gain from the integration of DeFi services, enhancing the overall utility of the innovative platform.

Price-wise, this news wasn’t enough to pull Aave out of the bearish market conditions. Aave (AAVE) has fallen 16% in the last five days to a current price of $62.20. Analysts note that there is strong support for Aave around the $45.00 zone, while the $80.00 level will act as resistance.

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40% Gains During Presale Grabs Analysts’ Attention

Imagine you’re in a world where you can easily secure a loan by using your valuable possessions as collateral. But there’s a twist — your assets are not physically held by the lender. Instead, they’re transformed into NFs that exist on a blockchain. This is the world that Collateral Network is striving to create.

Collateral Network is a groundbreaking blockchain-based platform that aims to redefine how we think about lending. Collateral Network’s tokenization process transforms the asset into smaller, tradable units, making it possible for multiple lenders to contribute to a single loan.

What if you’re a lender and you only have $10 to invest? Traditional lending models might exclude you due to their high entry thresholds. But with Collateral Network’s fractional approach, you can contribute your $10 towards a loan. This innovative method injects liquidity into the loan market and makes lending more inclusive and accessible.

The COLT Token: A Closer Inspection

Collateral Network has a native token, known as the COLT token, which plays a crucial role in the platform’s ecosystem. Holding COLT gives you access to NFT auctions, cheaper marketplace fees, staking rewards, and more as Collateral Network grows.

The COLT token has appreciated by 40% during the Collateral Network presale, sparking the interest of investors and market analysts. As the asset-backed lending market stands at over $4.9 trillion, even capturing a small portion of it could skyrocket COLT’s value.

COLT is currently priced at $0.014 during the second round of the presale, where there is a 40% deposit bonus for new investors. Analysts are commenting that this is the lowest price COLT will be and that a 35-fold appreciation is possible during 2023.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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