One of the members of\u00a0DeFi,\u00a0AAVE, launched its new V2 protocol. It is the second protocol release during the year. It will open new opportunities for users.\r\n\r\nFounder of AAVE,\u00a0Stani Kulechov, announced the new version of AAVE on his\u00a0Medium\u00a0account. The\u00a0V1\u00a0protocol was announced at the beginning of the year. The protocol had a lot of attention, and it passed the\u00a0$1 billion\u00a0market size in\u00a06 months, which was the record for the\u00a0DeFi. The first protocol had the innovative features of\u00a0Flash Loans\u00a0and\u00a0aTokens. Kulechov mentioned that Flash Loans volume hit the\u00a0$1 billion\u00a0milestones this week. Relying on those accomplishments, we can expect some great features from the protocol V2.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nNew Features That Come with V2 Protocol\r\nV2 protocol provides many new features.\u00a0Yield and collateral swaps\u00a0are one of many. People now can trade their collaterals across all available currencies. It is excellent news for the community which has collaterals. If they suspect that the market will go\u00a0volatile, then they can trade their collaterals to the\u00a0stablecoins. It is the first time in the DeFi field.\r\n\r\nThe next feature is\u00a0flash loans, which were also in\u00a0V1 protocol. It was the first loan that can be taken out without collateral. Flash loans will continue in the new protocol. Flash loans will receive a new upgrade as \u201cbatch\u201d flash loans. Now users can take out a loan with different currencies in one transaction. In the V2 protocol, your debts will be tokenized. Tokens will represent your debt position.\u00a0\r\n\r\nWith the new feature, users can pay their loans with their\u00a0collaterals. Before it was not too hard to do it, you had to do multiple steps. Now it is easy to pay with your loans with just one transaction.\r\n\r\nAAVE introduces new gas optimization. In the past, people experienced some high gas prices in the\u00a0Ethereum\u00a0platform when the number of transactions increases. With the new optimization, gas prices can be lowered down to\u00a050%.\r\n\r\nYou can get broad information about the protocol update by just checking out their medium account. With the new features, AAVE can increase its market share and most used lending and borrowing platform. The potential of AAVE being the most used platform is very high.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.