If you’re an active Aave v3 user, you can now purchase Aave v3 Protocol Cover to protect crypto deposited in the Aave v3 markets on EVM-compatible networks!
With Aave v3 Protocol Cover, you can protect against:
- Code being used in an unintended way (e.g., exploits, hacks)
- Economic design failure
- Severe oracle failure
- Governance attacks
Aave v3 is a decentralized non-custodial liquidity protocol, where users can participate as suppliers, borrowers or liquidators.
- Suppliers provide liquidity to a market and can earn interest on the crypto assets provided.
- Borrowers are able to borrow crypto assets in an overcollateralized fashion. Borrowers can also engage in one-block borrow transactions (”flash loans”), which do not require overcollateralization.
The protocol is deployed on the following EVM-compatible networks: