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Aave and Lido Reach $70 Billion in Net Deposits

Aave and Lido, two prominent DeFi platforms, have each surpassed $70 billion in net deposits. This milestone highlights the growing trust and investment in decentralized finance solutions. Aave, known for its lending and borrowing services, and Lido, which offers staking solutions, have both seen significant increases in user deposits, reflecting the broader trend of capital flowing into DeFi. These figures underscore the platforms’ stability and the increasing demand for yield-generating opportunities in the crypto space.

Source: https://cryptoslate.com/aave-and-lido-surpass-70-billion-in-net-deposits/