Aave hovered near its three-week high on Tuesday, helped by the prospects of its foray into the mainstream through the launch of an institutional lending platform.
Dubbed as Aave Pro, the platform expects to become a “permissioned liquidity protocol” by offering institutions, corporates and fintech clients access to decentralized finance (DeFi). That said, it would follow strict regulations while onboarding participants, ensuring that their Ethereum addresses are safe-listed following a thorough Know Your Customer process.