Key Takeaways:
- Solana Foundation provides USDT to Aave to help in a DeFi recovery operation
- Action seeks to increase liquidity and lend stability to lending
- AAVE token to exchange on Solana is expected
The Solana Foundation has taken a step to shore up DeFi market liquidity, moving towards greater coordination in market crises.
Solana Steps in With Targeted Liquidity Support
Lily Liu, President of Solana Foundation, confirmed that the foundation is loaning Aave to borrow some USDT that will enable the salvaging process. The project will inject more capital into the liquidity of one of the biggest loan markets and deflate the competition in the Decentralized Financial (DeFi) sector.
We use our treasury to support the growth of the Solana economy. That is, definitionally, DeFi.
But economi...
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