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Aave Launches New Deployment on X Layer With Seven Initial Assets

Aave Launches New Deployment on X Layer With Seven Initial Assets

Aave’s X Layer deployment now gives OKX Wallet users direct lending access without separate wallet setup or bridging, expanding usability on the Ethereum Layer-2 network with tailored borrowing modes.

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Summary

Aave has gone live on OKX-developed Ethereum Layer-2 network X Layer, adding wallet-native lending access for OKX Wallet users. Users can supply assets including USDT0, USDG, GHO, xBTC and xETH without creating a separate wallet or using a bridge. X Layer also introduced six eModes with loan-to-value ratios of up to 88% for liquid staking pairs. Earlier launch details said the market was deployed by bgdlabs for Aave DAO, with risk analysis from Chaos Labs and LlamaRisk and Chainlink price feeds.

Terms & Concepts
  • Layer-2: A blockchain scaling network built on top of a base chain such as Ethereum to improve transaction efficiency and reduce costs.
  • Loan-to-value: The maximum borrowing amount allowed relative to the value of collateral supplied to a lending protocol, expressed as a percentage.
  • Aave DAO: A decentralized autonomous organization that governs the Aave lending protocol through community-led decisions.