AAVE Launches EtherFi Market, Analyst Raises Targets to $260 🚀
Aave DAO has launched the EtherFi market to enhance liquidity for weETH and stablecoins like USDC, PYUSD, and Frax.
The launch caters to the increasing demand for stablecoin borrowing, resulting from the use of wrapped Ether as collateral.
The new market offers a solution to liquidity constraints and borrowing caps, making borrowing more efficient.
Aave's ecosystem, generating $12.5 million yearly, is expected to strengthen further.
Market analysts are optimistic, with targets ranging from $200 to $260.
