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Aave will support METIS Token as Collateral
On August 22nd, Decentralized Finance lending protocol Aave announced its support for METIS Token as Collateral on the Metis network. This move will expand the utility of METIS Token and improve capital efficiency for Aave users. According to the announcement, Aave will provide a loan-to-value ratio (LTV) of 30% for the METIS token, which means that users can borrow assets equivalent to 30% of the total value of their METIS Collateral.