Here’s what you might be missing about AAVE’s latest ‘push’ on the charts
AAVE’s price action has finally broken through its descending resistance after struggling to find some directional footing over the last few days. The move came after the protocol announced the launch of a new liquidity mining program for Optimism.
The announcement about the Optimism liquidity mining program may have promoted a shift in investor sentiment in favor of the bulls. This, because Optimism is one of the most popular Ethereum Layer 2 scaling solutions which facilitates large volumes.
According to its website, Optimism’s on-chain value is north of $800 million. In fact, it also claims to have helped save more than $1 billion in gas fees.
<p lang=«en» dir=«ltr» xml:lang=«en»>The @OptimismFND Liquidity Mining program is live on Aave V3The program will run for 90 days with a distribution of 5M OP to the Aave Protocol’s Optimism Market users
Claiming support for rewards will be active soon!
Feeling Optimistic
Read more on ambcrypto.com
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