The post Aave Expands to Aptos with First Non-EVM Deployment appeared first on Coinpedia Fintech News
Aave has launched on the Aptos blockchain, marking its first deployment outside the Ethereum Virtual Machine (EVM) environment. This move is part of Aave’s broader multichain strategy to grow its decentralized finance (DeFi) presence across multiple networks. By entering Aptos, Aave aims to tap into a new user base and offer its lending and borrowing services on a faster, scalable blockchain. This step highlights Aave’s commitment to innovation and expanding DeFi accessibility.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more