Remittix Payments Test Brings Aave Price Rebound
Aave's lending hubs have seen significant growth in V4 deposits, reaching $950 million in late September according to governance data. This rebound is a result of demand for USDC, wrapped ETH and other collateral, leading risk managers to propose higher caps.
Meanwhile, Remittix has invited 1,000 users into its PayFi testing phase. The platform aims to settle crypto-funded transfers as fiat in compatible bank accounts across more than 30 target currencies.
The combination of payments, trading and earning features on the Remittix platform could make it a powerful tool for users. With an iOS wallet already available, Remittix Markets has processed millions in volume, and Remittix Earn is planned with advertised yields of up to 22% APY on eligible holdings.