Aave Community Is Preparing for Aave Protocol V3 Deployment for Ethereum
Stani.lens (<a href="https://twitter.com/AaveAave/status/1599063719694123014">@StaniKulechov</a>) Founder of <a href="https://twitter.com/LensProtocol">@LensProtocol</a> and <a href="https://twitter.com/AaveAave">@AaveAave</a> on Twitter: "Now that the <a href="https://twitter.com/AaveAave">@AaveAave</a> Community is preparing for Aave Protocol V3 deployment for Ethereum market its good time to review why V3 as a flexible architecture is much appreciated ."
CME Group Teaming With CF Benchmarks for 3 New DeFi Rates and Indices
Derivatives marketplace Chicago Mercantile Exchange (CME) and cryptocurrency index provider CF Benchmarks this month will introduce reference rates and real-time indices for aave (<a href="https://www.coindesk.com/price/aave/" target="_blank">AAVE</a>), curve (<a href="https://www.coindesk.com/price/curve-dao-token/" target="_blank">CRV</a>) and aynthetix (<a href="https://www.coindesk.com/price/synthetix/" target="_blank">SNX</a>), the two <a href="https://www.prnewswire.com/news-releases/cme-group-and-cf-benchmarks-to-launch-three-new-defi-reference-rates-and-real-time-indices-on-december-19-301691384.html" target="_blank">said</a> in Thursday.
DeFi Giants Aave Freezes Markets and Cap Loans to Mitigate Risks
Aave executed a proposal to freeze the markets for 17 different assets in the Aave V2 lending pool on the Ethereum network, including the Yearn. Finance (YFI), Curve DAO (CRV), Gemini Dollar (GUSD), Maker (MKR), and 1inch (1INCH) tokens.
Aave Suspends 17 Ethereum Tokens Lending Markets Amid Risk Concerns
Aave’s governance community has passed a proposal to freeze lending markets for 17 Ethereum-based tokens on Aave’s v2 protocol.
Aave Pauses Lending Markets for 17 Ethereum-Based Tokens
Decentralized lending protocol Aave has temporarily frozen lending markets for 17 tokens in an effort to protect itself from taking on bad debt due to future market manipulation attacks.
DeFi Sparks New Investments Despite Turbulent Market: Finance Redefined
The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based DeFi protocol has caught the eyes of investors who have put $10 million behind the project.
Llama and Gauntlet Propose Using Gauntlet’s Insolvency Refund and Aave’s Treasury To Cover the Excess Debt
Decide on a path forward to repay the excess debt in the CRV market (currently ~$1.6M USD, dependent on CRV’s token price).
Llama and Gauntlet Submit Proposal to Cover $1.6 Million in Bad Debt on Aave
DeFi management platform Llama and DeFi risk management outfit Gauntlet have submitted a governance proposal on Aave to cover the DeFi lender’s $1.6 million bad debt brought on by Tuesday’s short attempt linked to Mango Markets exploiter Avraham Eisenberg.
AAVE Endures This Exploit With Minor Injuries, but What Explains the 40% Drop
The cryptocurrency market has taken a beating recently, and many projects are struggling due to low liquidity. An attempt was made to exploit <a href="https://ambcrypto.com/aave-relies-on-eth-whales-but-is-it-enough-for-a-sizable-rally-this-week/">Aave</a>, which would have been a major setback for the crypto space. In particular, the Defi sector. Aave claimed to have suffered only minor damage as a result of the exploit’s failure.
Design Flaw Left Liquidity Protocol Aave With $1.6 Million in Bad Debt
Aave may have avoided a crisis for now, but changes to the protocol may be necessary to prevent a similar exploit.
