A new proposal from the Aave community proposes to replace the DAI quota of Aave GrantsDAO with the GHO quota
On August 25th, Aave community released a new informal proposal called ARFC, aimed at promoting the adoption and use of GHO. The proposal suggests replacing Aave GrantsDAO (AGD) DAI allocation with GHO allocation. Currently, AGD has around $380,000 of unclaimed DAI. This proposal aims to replace AGD's existing DAI allocation with new GHO allocation, which would enable AGD's contributors and grant recipients to receive rewards in GHO as well as any other assets held in AGD's multi-signature. Given that GHO's trading price is below $1, AaveDAO can purchase GHO on the market, which would help support its pegged price, and then use GHO to fund AGD.
This proposal is expected to be implemented after the ARFC proposal to increase GHO rates and technical issues discovered in the integration of GHO with Aave V3 GHO pool are resolved.
Aave Will Temporarily Suspend GHO Integration in Aave
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.
Over 90% of Altcoin Holders Are at a Loss
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).
A Giant Whale Spent About $5 Million To Buy ETH, LDO, UNI and AAVE
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).
An Address Exchanged About 14,200 ETH Into stETH and Deposited It Into Aave, and Lent 10 Million USDT
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.
Today, the two giant whale addresses released a total of more than 128,000 AAVE pledges
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.
The Proposal of “Aave Ministry of Finance To Invest Some Stablecoins in RWA” Is About To Start Temperature Check Voting
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.
An Address Deposited 12,500 AAVE Into Binance 16 Hours Ago, and the Estimated Loss Is About $1.3 Million
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.
A Giant Whale Lent Nearly 1 Million USDC From Aave and Compound, and Bought About 153,400 LINK
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.
0x47Ab Address Was Liquidated 106.8 WBTC in AAVE
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.
