Aave V3 has added support for FXS and crvUSD as collateral for lending
AaveV3 has added support for FXS and crvUSD as collateral for borrowing. The FXS borrowing limit is 800,000 tokens with a maximum LTV of 35%. The crvUSD borrowing limit is 60 million tokens.
Aave community proposal recommends adding native USDC to the V3 Base market
Aave community member EzR3aL initiated a temperature check proposal on the governance forum to add native USDC to the Aave V3 Base market. Currently, the Aave V3 Base market only supports the bridged version of USDC called "USDbC". As of November 23, the supply of USDC on Base was 159 million, while the supply of the bridged version was approximately 74 million. Coinbase supports both assets and converts USDbC to USDC when users withdraw from Coinbase, causing the supply of USDbC to decrease over time.
AAVE breaks above $100
Market shows that AAVE has broken through $100 and is now trading at $100.04, with a daily increase of 16.12%. The market is volatile, so please be prepared for risk control.
The Aave community proposal proposes to increase V3’s GHO borrowing interest rate to 5.22%
Aave integration lead Marc Zeller proposed a new ARFC proposal on the Aave forum, suggesting to increase the GHO borrowing rate from 4.72% annual interest rate to 5.22% to support the restoration of GHO anchoring and keep borrowing costs consistent with market rates.
The Aave community proposal proposes to increase the GHO borrowing rate of Aave V3 to 5.22%
ACI (Aave Chan Initiative) has proposed a new proposal in the Aave community, suggesting to increase the GHO borrowing rate from 4.72% annual rate to 5.22% to support the recovery of GHO anchoring and keep borrowing costs consistent with market rates. The proposal also authorizes ACI to continue to increase up to 100 basis points every 7 days (if necessary), and if the monthly average price of GHO exceeds the price range of 0.995-1.005, it can be increased by up to 9.5%.
Aave may add support for crvUSD
Aave founder Stani conducted an activity with Curve Finance's official account on social media today, showing that Aave may add support for crvUSD. According to a Github record shared by Curve Finance, Aave developers have discussed adding CrvUSD to the Aave V3 market on Ethereum for several days.
Aave Vault’s Proposal for RWA Allocation with Maple Finance Enters Temperature Check Vote
The proposal for RWA allocation between Aave Reserve and Maple Finance has entered the temperature check voting phase on the Community Governance Forum. The main outcome of the proposal will be that Aave will partner with Maple Finance to enable the Reserve to allocate to RWA strategies on the platform. The Aave Reserve will allocate to Maple's cash management pool with an initial investment of 1 million USDC, with the goal of increasing this allocation over time. As the Reserve becomes satisfied with Maple's platform, it will explore investment opportunities in other Maple RWA pools. The proposal will undergo an off-chain snapshot vote within 7-14 days and, if successful, will immediately proceed to an on-chain AIP vote.
Aave community proposal recommends updating the GNO risk parameters of the Aave V3 Gnosis pool
According to the Governance Forum page, a new proposal suggests updating the GNO risk parameter of the Aave V3 Gnosis pool.
The Aave community voted to approve the proposal “Add FXS to the V3 Liquidity Pool on Ethereum”
Official Governance Page shows that the Aave community has voted in favor of the proposal to "Add FXS to the Ethereum V3 Liquidity Pool." It is proposed to add the Frax Finance token FXS to the Aave V3 liquidity pool, diversify GHO's collateral assets, set the debt ceiling at $4 million, and set the maximum loan-to-value ratio (LTV) at 35%.
A giant whale added 50,000 USDC deposit to Aave and lent 10,000 LINK
According to user X @ai_9684xtpa, who is monitoring it, the whale who shorted LINK on October 31 added 50,000 USDC collateral to Aave and borrowed 10,000 LINK, and then continued to short LINK in a loop by "selling LINK for stablecoins, increasing collateral, and borrowing LINK." The last sell was six hours ago. Currently, there are 50,000 LINK to be repaid, and the health factor is 1.22.
