Aave, a leading platform in the DeFi sector, has announced new initiatives for borrowing and asset migration, aiming to increase borrowing activity and attract users.
Borrowing Rewards on Aave
Aave is currently offering users rewards for borrowing USDC or GHO. These rewards will last for six months, supporting platform activity and preventing users from leaving stablecoins idle.
Migration Rewards for Users
Users who migrate assets such as cbBTC from Morpho to Aave may receive additional rewards for three months upon meeting specific eligibility conditions.
Goals of Aave's New Initiatives
The primary aim of Aave's new initiatives is to boost borrowing activity and attract users to migrate their assets from other platforms like Morpho.
The introduction of new rewards for borrowing and migrating assets on Aave highlights the platform's commitment to increasing user activity and expanding its offerings in the DeFi market.
