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AAVE plans to expand DeFi’s reach, but will the alt finally react
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ambcrypto.comAAVE, for the longest time, had been one of the most competitive DeFi protocols in the world. However, the $6 billion drop in its total value locked (TVL) towards the beginning of this month replaced it off its #1 position.
Recovering slowly, AAVE last week incorporated the idea of furthering the cause of DeFi using institutions.
AAVE Arc is basically an isolated market and sandbox environment for institutions to experience DeFi in its entirety and push it to their clients and users going forward. This way, AAVE intends for people to understand how effective decentralized governance and automated smart control-based execution protocols can be in this time.
Notably, Arc will still be governed by the Aave Governance, but here “whitelisters”
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