Demex Daily #224: Aave Enhances DeFi Flexibility with METIS Collateral on Metis L2

What’s Interesting Today:

Aave is integrating METIS as collateral on the Metis Layer 2 network, enhancing the utility of METIS tokens and increasing capital efficiency for users. This allows users to borrow up to 30% of their METIS collateral's value on Aave. The integration promises faster, more cost-effective transactions than on Ethereum's mainnet, and offers access to various financial tools within the Aave ecosystem. The supported borrowing assets include USDT, USDC, DAI, and ETH. This development is set to expand DeFi capabilities on both the Metis L2 network and Aave platform.

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ENS Labs is collaborating with Dentity to integrate real-world credentials with on-chain identities, enhancing the Ethereum Name Service (ENS). This partnership allows users to link their digital and physical identities securely, maintaining control over their personal data without storing it on the blockchain. The initiative aims to make on-chain identities practical for real-world applications and facilitate broader adoption of Web3 technologies. This move is significant amid declining .eth registrations, suggesting a strategic effort to attract a wider audience to ENS domains.

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