Aave V3 has officially launched on Celo, a mobile-first Ethereum Layer-2 network designed for fast, low-cost transactions. Following strong support from the Aave community, this integration enables users across 150+ countries to seamlessly borrow, lend, and earn yield with sub-cent transaction costs, one-second transaction finality, and Celo’s upcoming migration to Ethereum Layer 2.
This deployment of Aave on Celo will onboard a new wave of mobile-first users in emerging markets, connecting real-world assets to DeFi and accelerating stablecoin adoption for everyday transactions,” said Aave Labs Founder Stani Kulechov.
Marek Olszewski, Celo co-founder and CEO of cLabs, echoed this vision:
“Since day one, Celo has been committed to providing accessible DeFi solutions to drive global prosperity. Aave’s decentralized, non-custodial protocol aligns perfectly with this mission, offering millions an entry point into crypto. This integration accelerates our shared goal of a more inclusive and sustainable digital economy.”
Supported Assets
Collateral: CELO, USDT, USDC
Borrowable: CELO, USDT, USDC, cUSD, cEUR
Strengthening Two Ecosystems
This launch benefits both Celo and Aave users:
For Celo Users:
- Access to one of DeFi’s leading lending protocols
- New yield-earning opportunities for CELO and stablecoin holders
- Increased DeFi adoption in emerging markets
- Enhanced liquidity across the Celo ecosystem
For Aave Users:
- Expansion into Celo’s mobile-first ecosystem
- Lower transaction costs and near-instant settlements
- Access to Celo’s global user base, including retail users in emerging markets
- Potential future integration with Celo’s stable assets
Get Started with Aave on Celo
- Download a Celo-compatible wallet (e.g., Valora)
Connect to the Aave interface
Supply assets to earn yield or borrow against collateral
🔗 Start here: Aave on Celo
About Celo
Celo is a mobile-first Ethereum Layer-2 blockchain designed for real-world applications, enabling fast, low-cost global payments. Its ecosystem includes the CELO native token, USDC and USDT (both enabled as gas currencies), and Mento stable assets (cUSD, cEUR, cREAL, eXOF). With over 1,000 projects contributing to its mission of financial inclusion, Celo has become a hub for decentralized innovation. Learn more at celo.org.
About Aave
Aave is a decentralized non-custodial liquidity protocol that allows users to deposit assets to earn interest or borrow against their holdings. It includes advanced risk-mitigation features such as supply and borrow caps, flash loans, and its native overcollateralized stablecoin, GHO. Governed by the Aave DAO, the protocol is shaping the future of decentralized finance. Get involved at Aave Governance.
Creative web3 writer and blogger with over 6 years of experience.
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