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DEX DeversiFi Receives Loan Using Aave’s Credit Delegation Scheme

The DEX DeversiFi exchange has just obtained a credit line by the third-party collateral using the Aave novel credit delegation scheme as we are reading more in the upcoming blockchain news today. The DEX DeversiFi received a credit line worth more than $200,000 using Aave’s credit delegation which allows the users to take loans against the collateral by other users. OpenLaw facilitated the lending agreement with ETH-compatible digital contracts. The DeFi lending protocol Aave announced today the first issuance of a credit delegation loan for DeversiFi. The new credit line uses collateral provided by other users seeking to earn additional…

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