Decentralized lending protocol Aave has received reports of issues with certain features of the Aave protocol on social media. After verification by community developers, the following temporary precautions have been taken (funds are not at risk): Aave V2 Ethereum market has been suspended; certain assets on Aave V2 on Avalanche have been suspended; certain assets on Aave V3 on Polygon, Arbitrum, and Optimism have been frozen; Aave V3 markets on Ethereum, Base, and Metis, as well as V2 markets on Polygon and Avalanche, are not affected; funds on any Aave market are not at risk. A governance proposal to restore normal protocol operation will be submitted soon, and a detailed post-analysis will be released once the issue is completely resolved.

On November 3rd, according to Scopescan monitoring, a whale withdrew 67,349 AAVE tokens ($6 million) from Coinbase one hour ago. It is reported that it has been 3 years since the address received AAVE for the last time.

Aave announced the launch of a "soulbound token" (GHO Passport) that can be used as an offline event ticket. The current total supply is 100, and 50 were released for sale today at a price of 100 GHO, all of which have already been sold out. It is reported that the first benefit of holding the GHO Passport is the ability to participate in Aave's rAAVE-themed event during Devconnect in Istanbul as a ticket.

According to relevant page information, the Aave community passed a proposal to "purchase AURA tokens worth 400,000 USDC". Aave DAO will use existing B-80BAL-20WETH assets to mint auraBAL, which will be staked in Aura Finance's staking pool.

DeFi asset management protocol Enzyme announced that it has enabled lending services on Aave V3. Users can use Aave V3 enhanced features on its Ethereum and Polygon versions to provide liquidity and borrow assets, and borrowers can obtain liquidity without selling their assets.

According to data monitored by Lookonchain, czsamsunsb.eth recently borrowed 100 WBTC (approximately $3.4 million) through Aave and exchanged it for 1526 ETH, and withdrew 2374 ETH (approximately $4.2 million) from Binance 2 hours ago. czsamsunsb.eth has deposited a total of 44280 stETH (approximately $79 million) and 16313 ETH (approximately $29 million) on Aave, Compound, and Spark. A total of 200 WBTC (approximately $6.9 million), 8.7 million USDC, and 8.5 million DAI have been borrowed.

Chaos Labs has initiated a new proposal in the Aave community, suggesting an increase in the supply and borrowing limit of Aave V3.

Aave community has initiated a temperature check vote on the "GHO Stability and Anchoring Community Plan". Gauntlet hopes to help formalize community discussions around strengthening the GHO connection and organizing its core components through actionable projects. The proposal outlines the current behavior of GHO coin issuers and their relationship with the GHO market price; potential methods to stimulate GHO demand, and other suggestions for the liquidity plan discussed by the community; views on how to arrange key GHO updates for maximum impact. The next step is for community members to provide feedback on this analysis.

Chaos Labs has launched a new proposal in the Aave community, suggesting a re-collaboration with Aave DAO to provide a full range of risk management products and services covering all Aave, including V2, V3, and GHO, as well as all current and future deployments. Chaos Labs stated that their strategy aims to protect protocol assets from market fluctuations, black swan events, liquidity attacks, and market manipulation.

Aave's front-end has recently added a switch token function for flash swaps. Aave founder Stani stated that this feature is achieved through integration with the Paraswap trading aggregation protocol, and no front-end fees will be charged. Positive slippage revenue will flow to the Aave DAO.

According to data monitored by Spot On Chain, about 20 minutes ago, an address starting with 0x355 accumulated 28,619 AAVE (worth $2.51 million) from Binance at a price of $87.86. This address is very bullish on AAVE and has accumulated 152,964 AAVE (worth $12.9 million, average price: $84.37) from Binance in the past 12 hours. The current holding is 236,779 AAVE ($20.88 million), making this address the 11th largest holder of AAVE.

October 24th, based on on-chain data analysis by Yu Jin, within the past hour, a whale address withdrew 61,764 AAVE (approximately $5.43 million USD) from Binance, becoming the largest individual/institutional AAVE address (excluding contract, CEX, and project addresses). The address currently holds a total of 236,779 AAVE (approximately $20.82 million USD) with an average price of $74.5 USD per coin.

As monitored by Whale Alert, a certain whale address withdrew 91,200 AAVE (worth approximately 7.6 million US dollars) from Binance half an hour ago. Currently, this address holds a total of 175,014 AAVE, making it the second largest individual/institutional address of AAVE (excluding contract, CEX, and project addresses). This whale had withdrawn AAVE once before in early January this year, with an average withdrawal price of 70 US dollars.

Aave community proposed to introduce user aTOKEN as a voting mechanism Userocracy at the official governance forum. The protocol states that the current problem with Aave DAO is that Aave token holders have all ownership and voting rights, while protocol users have no voting rights. This is a kind of financial oligarchy, where early Aave owners and holders continuously increase their voting rights. Users are the most valuable asset of the protocol. Aave users have no voting rights, and their capital is at risk in the protocol. It is proposed to modify the DAO, where: - 50% of the voting rights belong to Aave token holders - 50% of the voting rights belong to users, such as aTOKEN holders (including debt and collateral).

On October 20th, Aave loan agreement now supports directly exchanging tokens (Switch Tokens) on the website.

According to the official governance forum, a new Aave community proposal suggests adding stEUR as a pure collateral asset on the Aave V3 Ethereum pool. stEUR represents pledged agEUR, which is a decentralized stablecoin pegged to the euro minted by the Angle Protocol.

According to user @ai_9684xtpa, who is monitoring the ETH/BTC exchange rate, a whale that is continuously buying ETH/BTC has a health score of 1.06 on Aave, indicating a high risk of liquidation.

Gauntlet has initiated a proposal to change the borrowing and supply limits for Ethereum in v3 within the Aave community. According to Gauntlet's supply and borrowing limit methods, the proposal suggests increasing the WSTETH supply limit to 1.1 million and increasing the BAL supply limit to 700,000 on Ethereum v3.

According to on-chain analyst Yu Jin, a whale transferred 7,416 ETH (approximately $11.64 million) to Binance for sale last night, and then withdrew 12.34 million USDT to repay the loan on Aave. The whale had leveraged long on ETH from June 12th to July 5th: borrowed 18.9 million USDT from Aave by mortgaging ETH, transferred it to Binance, and then withdrew 10,460 ETH at an average price of $1,806. This leveraged long on ETH resulted in a loss of about $1.22 million (-6.5%).

As monitored by on-chain analyst Yu Jin, 8 minutes ago, an address transferred 16,816 AAVE ($1.07 million) to Binance. These AAVE were withdrawn from Binance to this address on 9/17 at an average price of $60. If sold, the owner will realize a profit of $60,000 (+6%).