Aave Layer Bringing Native Lending to OKX Wallet

Aave, a decentralized lending protocol, has been deployed on X Layer, OKX's Ethereum L2 network, enabling native lending directly from OKX Wallet. Aave layer bringing native lending allows users to access on-chain lending and deposits without needing to set up a separate wallet or perform bridging operations.

Introduction to Aave on X Layer

Aave, with approximately $23.8 billion in total value locked, has been integrated into X Layer, allowing OKX users to deposit assets, borrow against collateral, and earn yields that compound automatically. Assets available for deposit include USDT0, USDG, GHO, xBTC, xETH, xSOL, xBETH, and xOKSOL.

DeFi Liquidity with Greater Capital Efficiency

Efficiency Modes (eModes)

X Layer launched six efficiency modes (eModes) designed for its asset ecosystem, offering up to an 88% loan-to-value ratio for liquid staking pairs such as xBETH/xETH and xOKSOL/xSOL. Stani Kulechov, founder of Aave Labs, noted that the expansion to X Layer will allow the protocol to connect its liquidity with a constantly growing ecosystem.

• Loan-to-value ratio: up to 88% for liquid staking pairs
• Crypto-stablecoin pairs: up to 78% loan-to-value ratio
• Standard protocol: 70% loan-to-value ratio

Aave: Easier to Earn and Borrow

OKX indicated that the Aave deployment runs on version 3.6 of the protocol, and users can manage their positions directly from the wallet, including aToken trading such as aXlrUSDT0 and aXlrxETH on OKX DEX, without needing to withdraw funds from Aave beforehand.

Key Takeaways

• Aave has been deployed on X Layer, enabling native lending directly from OKX Wallet
• Users can deposit assets, borrow against collateral, and earn yields that compound automatically
• X Layer launched six efficiency modes (eModes) with up to an 88% loan-to-value ratio for liquid staking pairs
• Aave's integration with X Layer allows for greater capital efficiency and easier earning and borrowing

Frequently Asked Questions

What is Aave's total value locked?

Aave has approximately $23.8 billion in total value locked, according to DeFiLlama.

What assets are available for deposit on X Layer?

Assets available for deposit include USDT0, USDG, GHO, xBTC, xETH, xSOL, xBETH, and xOKSOL.