Aave will launch a liquidity mining and token pledge reward program, will launch a new token AAVE to replace Lend

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The decentralized lending platform Aave said it will launch a liquidity mining and token pledge reward plan. Aave’s Chief Operating Officer Jordan Lazaro Gustave said, “We will soon announce a new token economic model, which will include plans for liquidity rewards and Lend token pledge rewards.” As the current token issued by Aave Lend Already in circulation, how to take out new tokens and distribute them to liquidity providers through liquidity mining is the core content of the new economic model design. Jordan Lazaro Gustave revealed that the platform will launch a new token AAVE, which will replace the currently issued token Lend through a token swap. The economic model designed for the new token AAVE will include a liquidity reward and token pledge reward mechanism.