Aave will temporarily suspend the integration of GHO in Aave. A technical issue was discovered in the integration of GHO with the Aave V3 GHO pool, and as a result, GHO as an asset has been temporarily suspended by Aave Guardians.

August 25th, encrypted intelligence platform IntoTheBlock released data showing that over 90% of altcoin holders are in a loss state, with voting results showing better performance of DeFi tokens. The mainstream DeFi tokens are Compound (COMP), 0x Protocol (ZRX), Uniswap (UNI), AAVE, and Maker (MKR).

August 24th, according to Lookonchain data monitoring, a whale bought ETH, LDO, UNI, and AAVE for about $5 million 3 hours ago. ·Bought 557 ETH (worth about $933,000); ·Bought 593,139 LDO (worth about $1 million); ·Bought 413,727 UNI (worth about $2 million); ·Bought 17,203 AAVE (worth about $1 million).

According to Spot On Chain data monitoring on August 24th, a certain whale "0xa38c" spent $4 million to buy UNI, LDO, and AAVE. · Bought 17,203 AAVE, worth about $1 million; · Bought 413,726 UNI, worth about $2 million; · Bought 593,139 LDO, worth about $1 million.

Data analyst Yu Jin monitored an address that borrowed 10 million USDT from Aave by pledging ETH and withdrew 5,500 ETH (worth $9.24 million) from Binance four hours ago. Since July 31, this address has withdrawn a total of 22,771 ETH (worth $38.5 million) from Binance, with an average price of $1,691.

According to on-chain analyst Yu Jin's monitoring, the smartestmoney.eth address exchanged the ETH purchased since August 17th for stETH 10 hours ago, and then deposited these stETH into Aave to borrow 10 million USDT and transfer it to Binance.

According to Lookonchain monitoring, two whale addresses (luggis.eth and addresses starting with 0x1f4A5) collectively unstaked 128,433 AAVE tokens today, equivalent to approximately 7.08 million US dollars.

On August 22nd, PANews reported that the Aave community will begin a temperature check vote on the "Aave Treasury Proposal for RWA Allocation" tonight, and it will end on August 25th. The proposal suggests that a portion of the stablecoins held by the Aave Treasury be allocated to low-risk real-world asset (RWA) investments through Centrifuge Prime.

On August 22nd, according to Lookonchain monitoring, an early holder of AAVE sold their 12,500 AAVE purchased in 2020 and 2021 (currently worth about $697,000) at a loss.The address had withdrawn 12,612 AAVE from Binance in 2020 and 2021 (valued at $2 million at the time), with an average withdrawal price of $159. Then, 16 hours ago, it was deposited back into Binance, resulting in a loss of approximately $1.3 million.

Lookonchain monitoring shows that a certain whale borrowed 400,000 USDC from Aave and 555,700 USDC from Compound, and spent 955,700 USDC to buy 153,446 LINK at an average price of $6.23.

August 18th, according to PeckShield monitoring data, the address starting with 0x47Ab has been liquidated for 106.8 WBTC (approximately $2.87 million) on AAVE.

On August 16th, according to the governance page, the Aave community will start the on-chain voting for the "Activate Aave V3 Base" proposal early tomorrow morning and it will end on August 19th. This proposal allows Aave governance to activate the Aave V3 Base pool by completing all initial settings and launching wETH, cbETH, and USDbC on Base.

On August 15th, it was announced that the Aave community will open an on-chain vote for the "Freeze CRV on Aave v2" proposal at 6:16 tomorrow, which will end on August 18th. The proposal, put forward by DeFi risk manager Gauntlet, aims to prevent the V2 market from continuing to increase CRV and increase concentration risk. 

According to Etherscan data, the issuance of Aave's native stablecoin GHO has exceeded 20 million since it was launched on the Ethereum mainnet on July 15, with a current total of 20,029,456. Previously, the issuance of GHO exceeded 10 million on August 2.

Aave token holders are currently voting on two governance proposals aimed at reducing the systemic liquidation risk caused by Curved founder Michael Egorov's large borrowing position on the lending protocol. The proposals seek to disable the borrowing of CRV, the native governance token for stablecoin exchange Curve, on Ethereum and Polygon V3, as well as reduce the liquidation threshold of CRV. <br>

Security firms are suggesting measures to prevent future loans against $158 million worth of CRV tokens on Aave, a lending and borrowing platform. Gauntlet, a risk management company, has proposed setting the CRV LTV to 0 to impede additional borrowing against existing CRV collateral. This proposal is open for voting until August 5th. The recent decrease in CRV liquidity has put the entire DeFi ecosystem under stress since Sunday, following an exploit that drove down the price of the CRV token.

The writer's opinion presented in the following information should not be taken as financial, investment, trading, or any other type of advice. AAVE's price action has fallen to a crucial demand zone, but the futures market sentiment remains bearish. Most altcoins have been exposed to bears' wrath due to the uncertainty surrounding Bitcoin.

Aave's GHO stablecoin, designed to maintain parity with the US dollar, has been trading below its $1 peg since its launch on the Ethereum Mainnet on July 15. The drop in demand for the stablecoin and its limited usage as borrowers cannot hold it for yield farming opportunities are cited as reasons for its inability to trade at its designed peg. On-chain analyst Tom Wan also noted that GHO has yet to see in-depth integration across decentralized finance (DeFi) protocols, which could be contributing to its depeg.

According to Whale Alert monitoring, 11.9 million CRV (approximately $7.636 million) were transferred to Aave from unknown addresses.

Aave's stablecoin GHO briefly lost its $1 peg on July 31, dropping to $0.96 before regaining its peg after about two hours. The depeg was likely caused by a reentrancy attack on Curve Finance, which also resulted in the platform losing over $47 million.