Aave V3 has added support for FXS and crvUSD as collateral for lending
AaveV3 has added support for FXS and crvUSD as collateral for borrowing. The FXS borrowing limit is 800,000 tokens with a maximum LTV of 35%. The crvUSD borrowing limit is 60 million tokens.
Aave community proposal recommends adding native USDC to the V3 Base market
Aave community member EzR3aL initiated a temperature check proposal on the governance forum to add native USDC to the Aave V3 Base market. Currently, the Aave V3 Base market only supports the bridged version of USDC called "USDbC". As of November 23, the supply of USDC on Base was 159 million, while the supply of the bridged version was approximately 74 million. Coinbase supports both assets and converts USDbC to USDC when users withdraw from Coinbase, causing the supply of USDbC to decrease over time.
AAVE breaks above $100
Market shows that AAVE has broken through $100 and is now trading at $100.04, with a daily increase of 16.12%. The market is volatile, so please be prepared for risk control.
The Aave community proposal proposes to increase V3’s GHO borrowing interest rate to 5.22%
Aave integration lead Marc Zeller proposed a new ARFC proposal on the Aave forum, suggesting to increase the GHO borrowing rate from 4.72% annual interest rate to 5.22% to support the restoration of GHO anchoring and keep borrowing costs consistent with market rates.
The Aave community proposal proposes to increase the GHO borrowing rate of Aave V3 to 5.22%
ACI (Aave Chan Initiative) has proposed a new proposal in the Aave community, suggesting to increase the GHO borrowing rate from 4.72% annual rate to 5.22% to support the recovery of GHO anchoring and keep borrowing costs consistent with market rates. The proposal also authorizes ACI to continue to increase up to 100 basis points every 7 days (if necessary), and if the monthly average price of GHO exceeds the price range of 0.995-1.005, it can be increased by up to 9.5%.
Aave may add support for crvUSD
Aave founder Stani conducted an activity with Curve Finance's official account on social media today, showing that Aave may add support for crvUSD. According to a Github record shared by Curve Finance, Aave developers have discussed adding CrvUSD to the Aave V3 market on Ethereum for several days.
Aave Vault’s Proposal for RWA Allocation with Maple Finance Enters Temperature Check Vote
The proposal for RWA allocation between Aave Reserve and Maple Finance has entered the temperature check voting phase on the Community Governance Forum. The main outcome of the proposal will be that Aave will partner with Maple Finance to enable the Reserve to allocate to RWA strategies on the platform. The Aave Reserve will allocate to Maple's cash management pool with an initial investment of 1 million USDC, with the goal of increasing this allocation over time. As the Reserve becomes satisfied with Maple's platform, it will explore investment opportunities in other Maple RWA pools. The proposal will undergo an off-chain snapshot vote within 7-14 days and, if successful, will immediately proceed to an on-chain AIP vote.
Aave community proposal recommends updating the GNO risk parameters of the Aave V3 Gnosis pool
According to the Governance Forum page, a new proposal suggests updating the GNO risk parameter of the Aave V3 Gnosis pool.
The Aave community voted to approve the proposal “Add FXS to the V3 Liquidity Pool on Ethereum”
Official Governance Page shows that the Aave community has voted in favor of the proposal to "Add FXS to the Ethereum V3 Liquidity Pool." It is proposed to add the Frax Finance token FXS to the Aave V3 liquidity pool, diversify GHO's collateral assets, set the debt ceiling at $4 million, and set the maximum loan-to-value ratio (LTV) at 35%.
A giant whale added 50,000 USDC deposit to Aave and lent 10,000 LINK
According to user X @ai_9684xtpa, who is monitoring it, the whale who shorted LINK on October 31 added 50,000 USDC collateral to Aave and borrowed 10,000 LINK, and then continued to short LINK in a loop by "selling LINK for stablecoins, increasing collateral, and borrowing LINK." The last sell was six hours ago. Currently, there are 50,000 LINK to be repaid, and the health factor is 1.22.
A giant whale withdrew US$17.69 million in assets from Binance, with a current floating profit of US$834,000.
According to Spot on Chain monitoring, a whale with the beginning 0x387 withdrew 19.01 million STORJ (about $13.4 million) and 48,535 AAVE (about $4.29 million) from Binance 13 and 11 hours ago, respectively. Currently, the floating profit of the address is about $834,000.
The Aave community initiated a community vote to characterize "the security incident in early November as a shortage incident" to activate the security module to make up for the deficit.
On November 17th, the Aave community initiated a community vote to classify the "November 4th security incident as a shortfall event". The vote will end on November 20th. The proposal states that users lost funds due to assets being frozen/suspended during the above-mentioned event. Users reported two types of losses: losses caused by liquidation and losses caused by high interest rates and accrued interest. Therefore, the event meets the definition of a shortfall event. If this temperature check is approved, the next step is to activate the safety module.<br>It is reported that the role of the AAVE safety module is to protect the protocol from unexpected financial losses when a shortfall event occurs in the AAVE protocol. If a shortfall event occurs, the safety module will use up to 30% of the locked pledged assets for auction to make up for the deficit. If the amount withheld from the safety module is not sufficient to pay all debts, a temporary mechanism called Recovery Issuance will be triggered to issue more AAVE and use it together with the funds extracted from the safety module to make up for the deficit.
Aave community launches on-chain voting for proposal "Add FXS to Aave V3 Liquidity Pool"
On November 17th, according to the Aave governance page, the Aave community initiated a proposal to add FXS to the Aave V3 liquidity pool for voting on the chain, which will end on November 20th. The proposal suggests adding Frax Finance token FXS to the Aave V3 liquidity pool and diversifying the collateral assets of GHO.
Breaking: DeFi Lender Aave Rebrands to Avara
Decentralized lending protocol Aave has official announced its rebranding to Avara, a move that comes with Los Feliz Engineering buyup
Aave Companies rebrands to Avara, acquires crypto wallet Family to expand web3 ecosystem
Aave Companies, a software technology firm focused on Web3, is changing its name to Avara, according to founder Stani Kulechov. The company, which supports Aave Labs, Aave Protocol, and other entities, has over $8.66 billion in liquidity locked across eight networks and 15 markets. Avara has acquired Los Feliz Engineering, the team behind Ethereum-based crypto wallet Family, to help users enter the Web3 ecosystem. The rebrand and acquisition reflect Avara's desire to expand beyond DeFi and bring Web3 to all users globally with different use cases.
The Aave community has raised the GHO borrowing rate to 4.72%
As displayed on the governance page, the Aave community has passed the on-chain vote for the proposal to "increase GHO borrowing rate from 3.00% to 4.72%" and it has been executed.
Compound launches new proposal 193 to lower collateral factor parameters of 7 tokens
Compound has announced the launch of a new proposal, Proposal 193, aimed at lowering the Compound V2 collateral factor parameters for 7 tokens, which are:
Aave community initiates temperature check on proposal to "introduce GHO to Cosmos and Polkadot ecology"
Aave community has initiated a temperature check proposal on "Introducing GHO Cross-Chain to the Cosmos and Polkadot Ecosystems". The proposal aims to create an incentive loop to increase the demand for GHO, thereby increasing the amount of collateral on AAVE, and providing a decentralized alternative for USDC/USDT on Cosmos/Polkadot.
Aave Companies Launches Decentralized Social Lens V2 on Polygon
Web3 software technology company Aave Companies launched the second version of its social protocol, Lens, during the Devconnect event in Istanbul. The statement said that the update enhances composability and other upgrades, allowing developers to build new social experiences and earn profits more quickly. The team stated that all applications and Lens V1 configurations have been migrated to V2, including 11 million social contacts and over 34 million social interactions.
Aave: All Aave V2 markets have reopened
On November 13th, Aave announced on its social platform that all Aave V2 markets have reopened. Early this morning, Aave Guardian lifted the suspension of Aave v3 markets on Arbitrum, Avalanche, and Polygon.
