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Aave Lend Migration and The Likely Effects On Its Market Rating

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  Aave, a leading decentralized finance (DeFi) protocol, recently launched its governance mainnet platform as it further drives toward total decentralization and community-based governance model. In the same vein, the Aave team unveiled its first-ever Aave Improvement Proposal (AIP) to enable users to vote on the LEND-Aave token migration. The LEND-Aave token migration is only the first move in the Aavenomics, and it allows users to actively take part in the Aave governance protocol and stake within the system’s safety module. Before now, AIPs were run externally and a signalling poll was used to survey the sentiment of users on the LEND-Aave migration. Once an AIPs is put out for voting and it receives approval by the community’s governance, the LEND-Aave migration is automatically activated. Unless there is a stipulated deadline as voted by the governance, the migration process proceeds gradually. The big question is, “ what are the likely effects of this token migration?” Let’