The Aave (AAVE) protocol launched its V2 upgrade on the mainnet, the team announced in a blog post published on Dec. 3.

• Aave V2 brings several new features, including yield and collateral swaps, upgrades to flash loans, collateral repayments, native credit delegation, debt tokenization, general optimizations, and more
• The upgrade has been audited by MixBytes, CertiK, ConsenSys Diligence and PeckShield; it received formal verification from Certora 
• The upgrade will also allow users to access Aave from Argent, Zapper, Zerion, imToken and DeFi Saver
• Aave co-founder Stani Kulechov, who wrote the post, also revealed that Aave had reached $1 billion in cumulative flash loan volume
• Aave V2 hit the public testnet in mid Aug. 2020, letting users test the various features before the official launch
• The team also introduced a governance proposal to make the transition from V1 to V2 smoother with the help of a flash loan powered migration tool