DeFi Risk Management Project Advises Aave to Freeze Curve DAO Tokens Linked to Michael Egorov's Loan Position
June 15 (Cointime) - Gauntlet, a DeFi risk management project, has advised Aave's governance body to freeze Curve DAO Tokens associated with a loan position linked to Curve Finance founder Michael Egorov. Gauntlet is a contributor to Aave and focuses on strengthening the platform's security.
Founder of dForce: The Founder of Curve Mortgages a Large Amount of CRV and Borrows Stable Coins, Which Is Extremely Risky
Mindao, the founder of dForce, said in a post, “The founder of Curve has deposited more than 33CRV coins in Aave and borrowed 71 million stable coins. This is a great risk to Curve’s ecology and Aave. The risk is intensifying. AaveV2 has no deposit limit, which makes it impossible to control the collateral exposure. The only thing that can be done is to increase the cost of USDT borrowing. Mortgaging your own currency for leverage seems to be a reluctance to sell, but it is actually a kind of tempting short.
A Giant Whale Deposited 25,000 stETH Into Aave, Lent 35 Million USDT and Transferred It to Binance
Lookonchain monitoring data shows that in the past 24 hours, anonymous giant whales deposited 25,000 stETH (about 43 million U.S. dollars) into Aave, and then lent 35 million USDT and transferred them to Binance.
Lens Protocol Raises $15M To Create Decentralized Social Networking Ecosystem
Lens Protocol, a decentralized social networking ecosystem, has raised $15 million in funding from investors including IDEO CoLab Ventures, General Catalyst, Varian, and Blockchain Capital, as well as angel investors such as Uniswap CEO Hayden Adams and OpenSea co-founder Alex Atallah. The protocol is being developed by Aave, a web3 technology firm that allows users to lend and borrow crypto tokens.
ETH Whale Holder Lends 40 million USDT via Compound and Aave
According to Lookonchain news, ETH Whale pledged 16,100 ETH (about $30 million) and 16,500 ETH (about $31 million) at Compound and Aave respectively, and then lent 20 million USDT each, for a total of 40 million USDT to be topped up to the address beginning with 0x3356. Among them, 10 million USDT was withdrawn to the Cryptocurrency exchange.
AAVE Proposal for “BUSD Off-boarding Plan Part II” will Start on 6th Jun
This AIP proposes to change the InterestRate Strategy the BUSD reserve on the Aave V2 Ethereum pool and withdraw POL aBUSD from Aave V2 Ethereum Pool.
Aave Turns Profitable After Long Losses, TVL Reaches Over $5 Billion
Aave, a DeFi platform, has been struggling to generate profits and accumulating losses. However, recent data has shown that the platform is now generating positive earnings, with a notable growth of over 96% over the past year. Despite the improved profitability, the revenue and fees on the network have remained relatively stable, with only one prominent surge in fees and revenue occurring in March. Aave's Total Value Locked (TVL) has exhibited a slight but noticeable upward trend, and the AAVE token has experienced an uptrend in recent days, although its value has declined slightly since then.
Aave Considers Implementing Version 3 on Coinbase-Backed Layer 2 Blockchain Base
Aave's governing forum is considering the implementation of its version 3 on Base, a Layer 2 blockchain supported by Coinbase. The proposal was put forward by Francis Gowen, a protocol specialist at Flipside Crypto and a delegate and contributor to Aave.
Aave Price Predictions for 2023-2032: Potential Highs and Lows, Market Sentiment, and Latest Updates
Aave's price is expected to increase over time, with predictions ranging from a minimum of $186.05 to a maximum of $3,374.63 by 2032. The current price is $64.9, with a 24-hour trading volume of $130.08M and a market cap of $932.87M. Despite a recent 1.5% decrease, analysts predict continued growth for Aave, with some forecasting a price of $500 in 2024. Aave is a decentralized lending and borrowing platform that has remained stable during market turmoil and recently launched a decentralized stablecoin called GHO.
ChainAegis: AAVE V2/V3 On-Chain Data Analysis
On January 27th, 2023, the DeFi lending protocol Aave announced that its V3 version had been deployed on the Ethereum network.
