MetaMask introduces rewards program with 2.4% APR on Aave lending and borrowing
Main Idea
MetaMask has launched a rewards program offering a 2.4% fixed APR on USDC borrowing and lending through Aave on Linea, leveraging ZK proofs for transparency and security.
Key Points
1. MetaMask Card users can earn a 2.4% fixed APR on USDC borrowing and lending via Aave on Linea, with rewards verified on-chain using ZK proofs.
2. The program simplifies earning passive income without complex setups, running on-chain through Incentra for automated and transparent rewards.
3. AAVE's price surged over 10% following the announcement, reaching an intraday high of $334, with trading volumes increasing significantly.
4. Aave recently surpassed $50 billion in net deposits and hit a new all-time high of over $25 billion in active borrows, solidifying its position in DeFi lending.
5. The rewards program aims to enhance user engagement and could further integrate MetaMask with decentralized finance (DeFi) ecosystems.
Description
Crypto wallet MetaMask has partnered with Brevis and Linea to launch a unique reward program for users of its digital Card. The initiative allows individuals to earn passive income, starting with a 2.4% fixed annual percentage (APR) on USDC borrowing and lending through Aave on the Linea platform. Brevis @brevis_zk · Follow @MetaMask Card just got a ZK Turbocharge — powered by Brevis.Boost your USDC lending or borrowing on @Aave @LineaBuild with an additional 2.4% APR yield.Every reward is ZK v...
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