The Aave community voted to approve the proposal to “add PYUSD to the Aave V3 Ethereum network”
According to the Snapshot governance page, the Aave community voted to approve the proposal to "Add PYUSD to the Aave V3 Ethereum network". PYUSD is a stablecoin backed by the US dollar launched by PayPal and issued by Paxos. The current circulating supply has exceeded $230 million.
An address pledged 3,300 ETH and 1.5 million USDC to lend 1,400 BTC from AAVE
According to Scopescan monitoring, a whale (an address starting with 0x1111) mortgaged 3300 ETH ($74 million) and 1.5 million USDC, and borrowed 1400 BTC ($64 million) from AAVE.
Aave: Temporarily disabling new supply and borrowing of AVAX, WMATIC and MaticX, user funds safe
Aave Labs announced on X platform that Community Guardian has taken temporary preventive measures by disabling new supplies and loans of AVAX, WMATIC, and MaticX to alleviate potential technical issues. All other assets in V3 and V2 markets continue to operate normally, with no funds at risk.
AAVE breaks above $110
According to market data, AAVE has broken through $110 and is currently trading at $110.12, with a daily decline of 5.44%. The market is volatile, please exercise caution in risk management.
The Aave community launched a proposal to "increase the OP loan limit on Optimism Aave V3"
According to governance pages, the Aave community has initiated a new proposal to increase the borrowing limit for OP loans on the Optimism Aave V3 market to meet the demand for borrowing. The current borrowing limit is 500,000, and the proposal suggests increasing it to 1 million.
AAVE breaks above $110
According to market data, AAVE has broken through $110 and is currently trading at $110.27, with a daily increase of 4.36%. The market is volatile, so please be cautious with risk management.
Aave community votes to transfer 6.11 million CRV from Ethereum mainnet to GLC Safe
The proposal from the Aave community to transfer approximately 6.11 million CRV positions from the Ethereum mainnet collector to GLC Safe has been unanimously approved. The specific details include: transferring all available CRV from Aave's mainnet treasury to GHO Liquidity Committee (GLC) SAFE and deploying it to sdCRV. After implementing this AIP, CRV will be withdrawn from Aave protocol (V2 and V3) on the Ethereum mainnet and all new available CRV will be transferred to GLC SAFE.
HashKey Exchange: The AAVE/USD rate will be restored on December 25, when the base rate will be 0.15%
HashKey Exchange has issued an announcement on the resumption of AAVE/USD fees. It is announced that the fee for this trading pair will be resumed on December 25th. The basic fee for AAVE/USD is 0.15%. All customers will be matched with corresponding membership level fees based on their 30-day trading volume or daily asset balance. Orders placed before December 25th will maintain a fee of 0. Currently, AAVE/USD is only available for professional investors.
Aave's "Governance System V3 Upgrade" proposal has been unanimously approved, and the upgrade results will be implemented within 7 days
According to information from the Aave governance forum, the "Governance System V3 Upgrade" proposal has been unanimously approved. A total of 1,122,272 AAVE participated in the vote, with a support rate of 100%. The upgrade will be executed within 7 days.<br>It is reported that the proposal suggests migrating Aave Governance v2.5 to v3, transferring all permissions from the v2 system to v3, and executing all necessary smart contract upgrades and various miscellaneous preparations.
Aave community proposal proposes to increase stablecoin interest rate parameters in all Aave deployments
Aave community proposal suggests increasing the stablecoin interest rate parameters in all Aave deployments, proposing to increase the Slope1 of stablecoins to 6%. After this increase, usage and balance rates will continue to be monitored, and additional suggestions will be made as needed. The next step will be to submit an ARFC snapshot vote for final approval based on community feedback.
Aave Labs is hiring smart contract engineers
Aave Labs posted on X platform, stating that they are currently hiring a smart contract engineer.
Aave has passed the community vote to “list sfrxETH on the Aave V3 Ethereum Network”
Aave has passed the community proposal vote to launch sfrxETH on the Aave V3 Ethereum network, with a supply limit of 40,000 tokens, a borrowing limit of 4,000 tokens, and an LTV of 71%.
The Aave community launches the ARFC proposal "Online ETHx on the Aave V3 Ethereum Network"
On December 8th, according to the governance page, the Aave community initiated the "ETHx on Aave V3 Ethereum Network" ARFC proposal. ETHx is Stader's liquidity staking token, which enhances LST liquidity and asset diversity.
smartestmoney.eth repays 2.7 million USDT on Aave and withdraws 9,255 wstETH
Lookonchain monitoring shows that smartestmoney.eth has repaid 2.7 million USDT on Aave and withdrawn 9,255 wstETH (worth 23.9 million US dollars). Then, they requested to withdraw 10,632 ETH (worth 23.9 million US dollars) from Lido.
10 addresses control more than 60% of the total supply of stablecoin GHO
The decentralized finance company Avara (formerly known as Aave) has reached its target of $0.98 for its stablecoin GHO. Currently, there are 980 addresses holding GHO, with the top 10 addresses controlling 61.01% of the total supply. In addition, the top 100 holders of GHO stablecoin collectively own 99.47% of the circulating supply. As of December 2, 2023, GHO is ranked as the 26th fiat-backed stablecoin by market capitalization.
The Aave community voted to pass the ARFC proposal "Gauntlet renews its contract with Aave for 12 months"
According to the ARFC proposal, the Aave community has voted to pass the "12-month cooperation agreement renewal between Gauntlet and Aave", with a final support rate of 66.07%.
Aave community votes to approve “Add EURC to Avalanche Aave V3” proposal
On December 1st, according to the Snapshot governance page, the Aave community voted in favor of the proposal to "add EURC to Avalanche Aave V3". EURC is a euro stablecoin issued by Circle.
An ETH whale bought another 953 ETH two hours ago
According to on-chain analyst @ai_9684xtpa, a certain ETH whale spent another 2 million USDC to buy 953 ETH two hours ago, with a purchase cost of $2,097. Since September 19th, the whale has accumulated 38,993 ETH, worth $81.93 million. In addition, they received 160 WBTC (approximately $6.11 million) from a CoboCustody address to repay an Aave loan.
DeFi engineer TokenBrice takes steps to push Aave stablecoin GHO to restore peg
Odaily Star Planet Daily News DeFi engineer TokenBrice took over the GHO liquidity committee this month, tasked with restoring the US dollar peg of Aave stablecoin GHO. TokenBrice's strategy focuses on incentivizing targeted purchases of GHO in a very targeted way.
The Aave community initiates a vote on the ARFC proposal "Gauntlet renews its contract with Aave for 12 months"
Aave community initiated the ARFC proposal vote for "12-month partnership agreement renewal between Gauntlet and Aave", which will end on December 2. DeFi risk manager Gauntlet launched the proposal to continue market risk management, aiming to maximize capital efficiency and reduce bankruptcy and liquidation risk, thereby achieving long-term sustainable development. In December last year, Gauntlet renewed its partnership with Aave, which will continue until December 28, 2023. The features provided by Gauntlet will cover Aave V2, AaveV3, GHO (new), and Insolvency Refund; the annual fee is $1.6 million, of which 50% will be paid in GHO and the remaining 50% will be paid in aUSDT.
