Aave's V3 Deployment Attracts 10,000 Unique Addresses and $2.24 Billion in Deposits Within Six Months
Aave's V3 lending protocol has attracted over 10,000 users in less than six months due to increased user activity. The value of assets locked (TVL) has grown by 60% since the launch of V3, reaching $6.12 billion at present. Aave's TVL growth has propelled it to replace MakerDAO as the second-largest DeFi protocol after Lido Finance.
Aave Replaces MakerDAO As Second-Largest DeFi Protocol by TVL, While Maker Co-Founder Accumulates MKR Tokens
Aave has overtaken MakerDAO as the second-largest DeFi protocol in terms of total value locked (TVL), according to DefiLlama data. This is due to a 15% drop in Maker's TVL since March 10, caused by the collapse of Silicon Valley Bank, the depeg of USDC and its DAI stablecoin, and a fall in DAI supply rates.
Aave Algorithmic Stablecoin GHO Has Realized $2.19 Million in Minted Value in Less Than 24 Hours after Release
According to DeFiLlama, DeFi Protocol Aave officially launched its algorithmic stablecoin, GHO, on the main EtherNet on July 16, and has already minted $2.19 million worth of GHO.The GHO stablecoin is currently available to the public, and anyone can mint GHO using the assets they have offered as collateral on the Aave Protocol V3 EtherNet marketplace to ensure that GHO is over collateralized by multiple assets.
Crypto Trader Earns $427,000 in 30 Days Trading DeFi Tokens
A crypto trader has made a profit of $427,000 in just one month by investing in the native tokens of major DeFi projects, including UNI, LDO, and AAVE. The trader did not trade memecoins, but instead capitalized on the bull run of crypto assets during the past month.
Curve has Launched the GHO/crvUSD Liquidity Pool
According to Curve, Curve has launched the GHO/crvUSD liquidity pool, with a total liquidity of approximately $300,000 as of the time of writing.
5 Decentralized P2P Lending Services for Borrowers and Investors on the Ethereum Blockchain
Peer-to-peer lending has become a popular alternative to traditional banking, allowing borrowers and investors to connect directly without intermediaries. This article highlights five decentralized P2P lending services, including Aave, which offers flash loans, and Compound, which uses an algorithm to modify interest rates based on asset availability and demand. MakerDAO is known for its stablecoin, DAI, and its decentralized governance architecture, while dYdX provides borrowing and lending features for derivatives trading. Fulcrum, powered by bZx, offers seamless integration of lending and margin trading services and uses decentralized governance through its native token.
AIP to deploy GHOAave on the Ethereum Mainnet is Now Live
According to Aave team, The highly anticipated AIP to deploy @GHOAave on the Ethereum Mainnet is now live. Voting opens in 24 hours.
Aave DAO Approves $2 Million Token Swap for BAL-WETH Liquidity Pool Tokens from Balancer
The Aave community has agreed to a $2 million token swap with Balancer, a decentralized exchange protocol, as part of its diversification strategy. The swap will involve 310,000 BAL and 326 units of wrapped ether from Aave's treasury, which will be converted into B-80BAL-20WETH. CowSwap's Milkman protocol will be used to minimize risks during the swap. The objective of the swap is to attract more liquidity to Aave's Balancer pools, potentially leading to increased revenues from enhanced yields. Aave has also recently approved the conversion of 1,600 ETH from its treasury reserves into staked ether and rocket ether.
Gauntlet takes another shot at Curve Founder’s $64m Loan on Aave
According to DL News, Gauntlet's risk simulation platform has identified an opportunity to modify risk parameters, including Loan To Value, Liquidation Threshold, and Liquidation Bonus across 6 assets on Ethereum v3, Arbitrum v3 and Ethereum v2.
Lending Protocol Aave Released the “Aave V3 Deployment on Linea Testnet” Vote Has Been Approved by 99.98%
The lending protocol Aave released a vote to deploy Aave V3 on the Linea test network as a transition to the upcoming main network deployment, and has currently received 99.98% approval. Linea is a scalable L2 network based on Ethereum, driven by the zkEVM technology stack incubated by Consensys, designed to support a broad ecosystem and cooperate with products such as MetaMask, Infura and Truffle.
Lookonchain: In the Past 2 Weeks, 4 Giant Whales Purchased About $3.63 Million in AAVE and Pledged It to Aave
According to Lookonchain monitoring, in the past 2 weeks, 4 giant whales bought more AAVE and pledged to Aave. They bought a total of 53,208 AAVEs (approximately $3.63 million) at an average price of $68.24.
Aave Proposes to Convert 1,600 ETH into wstETH and rETH for Staking Rewards, AAVE Price Dips
Aave's treasury has proposed to convert 1,600 ETH into wstETH and rETH to earn staking rewards. These are liquid staking derivatives that allow users to earn rewards for locking crypto assets in a blockchain network while retaining the liquidity of the locked funds.
A Whale deposited 8,890 $tETH($17M), and 18,646 $AVE($1.5M) into Aave and borrowed 12M Stablecoins
July 5 (Cointime) -According to Lookonchain, A whale bought 18,646 $AAVE ($1.36M) at an average price of $72.7 in the past 2 days and deposited into #Aave.The whale deposited 8,890 $stETH($17M), and 18,646 $AAVE($1.5M) into #Aave and borrowed $12M stablecoins, appearing to be long $ETH and $AAVE.
A Whale borrowed 22M $USDC from Aave and Compound
July 4 (Cointime) - According to Lookonchain, A whale deposited 7,265 $ETH ($14.22M) and 205 $WBTC ($6.36M) into #Aave and #Compound 2 hours ago, borrowed 10M $USDC and deposited to #Circle.
The On-chain Proposal by Aave to reduce V2's Exposure to CRV risk has been Approved
July 2 (Cointime) -According to AAVE, As Liquidation Threshold reductions may lead to user accounts being eligible for liquidations upon their approval, we want to clarify the full implications to the community at each step. To best minimize this impact, we suggest reaching the desired settings by a series of incremental decreases, following the Risk-Off Framework previously approved by the community, with a reduction of up to 3% in any given AIP. In an attempt to avoid liquidations, Chaos Labs will publicly communicate the planned amendments and list of affected accounts leading to the on-chain execution.
Justin Sun deposited 11,910 $AAVE($776K) into Huobi 20 mins ago
June 26 (Cointime) - According to Lookonchain, Justin Sun deposited all 11,910 $AAVE($776K) into #Huobi 20 mins ago.Justin Sun deposited 49K $AAVE ($16M) to #Binance on Oct 27, 2021, when the price was $327.And deposited 59.5K $AAVE ($8.8M) to #Binance on Jan 28, 2022, when the price was $148.
Whale "0x5a80" transferred 38,000 $AAVE ($2.46M) to Exchange
June 26 (Cointime) -According to Lookonchain, that whale"0x5a80" transferred 38,000 <a href="https://twitter.com/search?q=%24AAVE&src=cashtag_click">$AAVE</a> ($2.46M) out 30 mins ago.The 38,000 <a href="https://twitter.com/search?q=%24AAVE&src=cashtag_click">$AAVE</a> is being transferred to exchanges through multiple addresses.
A Whale bought 5,091 $AAVE at $66.67
June 26 (Cointime) -A whale borrowed 339,448 <a href="https://twitter.com/search?q=%24USDC&src=cashtag_click">$USDC</a> from <a href="https://twitter.com/hashtag/Aave?src=hashtag_click">#Aave</a> 1 hour ago, bought 5,091 <a href="https://twitter.com/search?q=%24AAVE&src=cashtag_click">$AAVE</a> at $66.67, and deposited to <a href="https://twitter.com/hashtag/Aave?src=hashtag_click">#Aave</a>. The whale has bought a total of 35,672 <a href="https://twitter.com/search?q=%24AAVE&src=cashtag_click">$AAVE</a> ($2.64M) since Apr 6, the average buying price is $73.92.
Concerns Raised Over CRV Deposits on AAVE Being Used for Collateralization
June 23 (Cointime) - The amount of CRV being used as collateral on Aave has been growing rapidly, raising concerns about potential risks. This surge in lending and borrowing positions was caused by Curve Finance raising its debt ceiling through a proposal that was passed on June 8th.
Aave Community Rejects Gauntlet Proposal to Address Risk from Michael Egorov's Substantial Loan
June 19 (Cointime) - The Aave community unanimously rejected a proposal from DeFi risk management project Gauntlet to freeze CRV tokens on Aave v2 and reduce the loan-to-value ratio for CRV to zero.
