【TL; DR】 1. Aave, the well-known DeFi lending protocol, is officially upgraded to AAVE V3 on March 16, presenting prominent progress in many aspects such as decentralization, security, risk management, blockchain interoperability, and transaction fees. 2. Aave adopts a floating interest rate and a fixed interest rate as its borrowing rate. Users can freely choose between the two different interest rate models and select an optimal interest rate based on the loan period and other related factors. 3. Aave also introduced the Flash Loans function that allows for unsecured loans. It offers excellent security and a handling fee of only 0.09%. 4. Aave V3 has enabled seamless cross-chain lending services, which is expected to mitigate the problem of each blockchain in DeFi being a "liquidity island". Since it took off in the summer of 2020 – known as DeFi Summer, DeFi has created a growth miracle in the cryptocurrency field and became the first sector to implement crypto applications. However, DeFi was losing momentum in 2021 when various emerging narratives such as NFT, GameFi, and Metaverse were created one after another. Whereas, in recent days, an old-fashioned project has dispelled the haze that lasted for many months and carried the banner of "DeFi revival". Aave, the well-known DeFi lending protocol, is officially upgraded to Aave V3 on March 16, presenting prominent progress in many aspects such as decentralization, security, risk management, blockchain interoperability, and transaction fees. The market responded enthusiastically to Aave V3, with the price of $AAVE rallying from $122.31 to a high of $260 in three weeks, a doubled rise. And even now, it remains relatively high around $180. For more information on the specific analysis process, please read this blog：Aave V3 Launched, Leading the DeFi Sector Powerfully Gate.io Featured Articles Gate.io Blog：The DeFi Era Originator: An Introduction to Maker Dao Gate.io Blog：Vitalik Buterin Explains Why You Should Keep Holding Your Bitcoins Gate.io Blog：A Real Trick on April Fool’s Day: Jay Chou’s BAYC NFT was Stolen Gate.io Blog：The Biggest Airdrop in History May Come: Metamask Will Launch A Token Soon Gate.io Blog As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home. We invite you to experience and bookmark this blog, in order to get essential investors tips. Website: https://www.gate.io/en/blog/bloglist *App will be launched soon, please keep an eye out for it! Blog entry: Gate.io main menu bar "More Details - Gate Blog" Gate.io Blog will be updated at regular intervals. Stay tuned!

Gate.io has added the following ETFs: AAVE3L and AAVE3S,SRM3L and SRM3S, KSM3L and KSM3S. 3L is a long position while 3S is a short position, which tracks the price change range of the underlying asset and changes with amplified range percentage. With the updated re-balancing rules, the leveraged ETF product now regularly re-balances to a target leverage (2.3X) if a certain criterion is met at 0：00 UTC+8 on a daily basis; Besides the scheduled re-balancing, when the real-time leverage of the product is larger than 3x, it will re-balance as well. Below are the new re-balancing rules: 1） Irregular re-balancing： When the real-time leverage is over 3 times, irregular re-balancing will be triggered. The leverage will be adjusted to 2.3 times. 2) Regular re-balancing： Everyday at 0：00 UTC+8, when the real-time leverage is less than 1.8times or above 3 times； or the underlying asset price changes drastically (e.g. up or down over 1 % on contract index price), regular re-balancing will be triggered to adjust the leverage to 2.3 times. 3) After the upgrade, ETF’s market volatility will decrease and frictions over a longer time will be reduced; but it is far from completely avoiding the long-time frictions. The ETF performs better in a one-sided market as it will use profit to increase position and decrease position when there is a loss, but it is not suitable for long term holding and performs bad in a swinging market. TradeAAVE3L at https://www.gate.io/trade/AAVE3L_USDT Trade AAVE3S at https://www.gate.io/trade/AAVE3S_USDT Trade SRM3L at https://www.gate.io/trade/SRM3L_USDT Trade SRM3S at https://www.gate.io/trade/SRM3S_USDT Trade KSM3L at https://www.gate.io/trade/KSM3L_USDT Trade KSM3S at https://www.gate.io/trade/KSM3S_USDT About Leveraged ETF The leveraged ETF product re-balances to a target leverage if a certain criterion is triggered. When it re-balances, profit will be used to expand the position while the loss will lead to decrease of the position. When trading with ETFs, you do not have to pay a margin. You can simply buy and sell it to enjoy increased exposure like you are trading with leverage. ETF products are managed and hedged in the perpetual contract market. We charge a management fee daily to compensate for the funding payment and trading fee which is incurred at perpetual contract markets. No extra funding fee is charged. By optimizing the fund management, the cost and risks for you to get leveraged exposure are significantly reduced. Risk Warning Digital currency prices are susceptible to high volatility, which is even more tangible for the leveraged ETF products. Therefore there is a risk to suffer amplified loss. Please fully understand the product and risks involved before trading. Furthermore, the change of an ETF product is not always about the target times of the underlying asset over a certain time span as the result of scheduled or irregular re-balancing. An ETF product is hedged in a perpetual contract market, the profit will expand the position and the loss will decrease the position, which will incur greater friction in a swinging market. Due to the rebalancing mechanism and the holding cost, the ETF is not suitable for long term holding. It has greater fluctuation and higher risk. Please be cautious. For more details, please read instructions about Leveraged ETFs at our Help Center. p { margin-bottom: 0.25cm; line-height: 115% } a:link { so-language: zxx } Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team November 8, 2020 Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals Click to Sign up ：https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram：https://t.me/gate_io Instagram：https://www.instagram.com/gateioglobal Medium：https://medium.com/@gateio

Gate.io has added AAVE/USDT and KSM/USDT perpetual contract trading (USDT margin), supporting up to 20X leverage. Trade AAVE perpetual contract at: https://www.gate.io/futures_trade/USDT/AAVE_USDT You can also practice your skills at your demo account, risk free via: https://www.gate.io/testnet/futures_trade/USDT/AAVE_USDT Trade KSM perpetual contract at: https://www.gate.io/futures_trade/USDT/KSM_USDT Practice your skills at your demo account, risk free via: https://www.gate.io/testnet/futures_trade/USDT/KSM_USDT About AAVE Aave is an open source and non-custodial protocol enabling the creation of money markets. Users can earn interest on deposits and borrow assets. Learn more about AAVE perpetual contract specifications: https://www.gate.io/futures_market_info/usdt/AAVE_USDT/market_info About KSM(Kusama) Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It's a living platform built for change agents to take back control, spark innovation and disrupt the status quo. Learn more about KSM perpetual contract specifications: https://www.gate.io /futures_market_info/usdt/KSM_USDT/market_info About Gate.io Perpetual Contract Market Gate.io's perpetual contract market is the most active market in the world, with a daily volume up to 0.4 billion USDT. We have accumulated over 1000 BTC in our insurance fund to cover losses due to liquidation. We offer up to 100X leverage for BTC and support high leverage of 20X or 50X for a dozen of other assets, such as ETH，EOS，LTC，BCH，BSV and more. We use composite indices from several exchanges to mark liquidation, thus avoiding unnecessary liquidation. The futures market has been running stably and significantly reduced investors’ risk. Please note, perpetual contracts are of high leverage and incur a high risk. Please trade within your financial capacity. About Margin Currency Types in Gate.io Perpetual Contract Market Currently, there are two margin currencies, BTC and USDT, in Gate.io perpetual contract markets. Based on the margin currency, we group perpetual contracts into two separate groups, USDTmargined perpetual Contracts and BTCmargined Perpetual respectively. To trade any BTC margined perpetual contract, you have to transfer in BTC to your BTC Perpetual Contracts Account as margin, where PNL is also settled in BTC. To trade any USDT margined perpetual contracts, you have to transfer in funds to your USDT Perpetual Contracts Account, where PNL is also settled in USDT. USDT margined perpetual, using a stablecoin as margin and currency to settle Profit and Loss, they eliminate the volatility in return caused by BTC price fluctuations, which are considered a better fit to beginners. Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team November 8, 2020 Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals Click to Sign up ：https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram：https://t.me/gate_io Instagram：https://www.instagram.com/gateioglobal Medium：https://medium.com/@gateio