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.
Curve DAO's CRV Token Drops 12% Due to Risky Loans by Founder on Aave, Faces Liquidation Threat
June 16 (Cointime) - Curve DAO's governance token, CRV, saw a 12% decline on June 15 following reports of its founder, Michael Egorov, taking risky loans on Aave. Egorov deposited 431 million CRV, which accounts for over 50% of the token's circulating supply, across various decentralized lending protocols and borrowed $101.5 million in stablecoins. According to DeFiLlama data,
