Aave (AAVE) has seen more than 30% growth in total value locked (TVL) from February 17 to March 22 as its Merit reward program is increasingly causing investors to flock to the platform.
Aave price is up nearly 5% in the last 24 hours. The Merit reward program based on airdrops lures in investors to the Aave ecosystem. Merit is aimed at capturing revenue that goes to Morpho Optimizers. Aave has seen more than 30% growth in total value locked from February 17 to March 22 as its Merit reward program is increasingly causing investors to flock to the platform. However, it has tagged, lending pool optimizer Morpho as unaligned, as competition for revenue heats up.
The next step is to distribute rewards to GHO borrowers and stakers. Also read:Ripple’s David Schwartz states that Ripple didn’t conceal XRP sales, altcoin begins recovery Booster and diluter system aimed at Morpho Optimizers Merit uses a booster and diluter system to determine users who qualify to receive rewards. While the booster system keeps the points accrued by users private, certain behaviors like staking Aave, holding StkGHO, active governance, using AAVE as collateral, etc.
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