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πŸ’Ž DeFi🟒 BullishImportance 6/10

Grvt integrates Aave so traders can earn yield on perp collateral

CoinTelegraph – DeFi|Cointelegraph by Ezra Reguerra||4 views
Grvt integrates Aave so traders can earn yield on perp collateral
Image via CoinTelegraph – DeFi
πŸ€–AI Summary

Grvt has integrated with Aave to allow derivatives traders to earn yield on their perpetual futures collateral. This integration represents the growing convergence between lending protocols and trading infrastructure in DeFi, where derivatives are contributing significantly to the sector's $1 billion+ quarterly revenue.

Key Takeaways
  • β†’Grvt integrated Aave to enable yield earning on perpetual futures collateral for traders.
  • β†’The integration highlights the convergence of DeFi lending and trading infrastructure.
  • β†’Derivatives are major contributors to DeFi's quarterly revenue exceeding $1 billion according to DefiLlama.
  • β†’This development allows traders to maximize capital efficiency by earning passive income on collateral.
  • β†’The move demonstrates innovation in DeFi infrastructure combining multiple protocol functionalities.
Mentioned Tokens
$AAVE$0.0000β–²+0.0%
Let AI manage these β†’
Non-custodial Β· Your keys, always
Read Original β†’via CoinTelegraph – DeFi
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