The Aave community proposes to add sfrxETH as a reserve to the Aave V3 Ethereum market
The Aave community has proposed adding sfrxETH as a reserve to the Aave V3 Ethereum market, which will bring additional diversity and liquidity to the ecosystem. In addition, introducing frxETH will become an additional source of income for Aave, which is beneficial to the entire ecosystem and will have a positive impact on asset liquidity and pegged elasticity.
Aave V3 has been launched on Gnosis Chain
On November 7th, according to an official announcement, Aave V3 has been launched on Gnosis Chain.
A whale withdrew 70,000 AAVE from Binance 20 minutes ago, and has withdrawn a total of 210,000 AAVE in the past two days.
On November 7th, monitored by 0xScopescan, 20 minutes ago, a whale with an address starting with "0x8e74" withdrew 70,000 AAVE (6.83 million US dollars) from Binance. In the past two days, the address has withdrawn a total of 210,000 AAVE (20.53 million US dollars).
Aave has voted on a proposal to lower the CRV liquidation threshold for Aave V3 on Polygon
On November 7th, the Aave community voted in favor of a proposal to lower the CRV liquidation threshold for Aave V3 on Polygon, with a support rate of 99.99%. The proposal aims to reduce the CRV liquidation threshold for Aave V3 on Polygon by 15%, from 65% to 50%.
A certain whale transferred 70,000 AAVE from Binance again 5 minutes ago, equivalent to approximately US$6.93 million
On November 7th, as monitored by Lookonchain, a whale has once again transferred 70,000 AAVE ($6.93 million) from Binance just 5 minutes ago. It is reported that this whale has withdrawn a total of 140,100 AAVE ($13.88 million) from Binance in the past 24 hours.
The interest rate for borrowing USD stablecoins on the Aave platform has surged to over 10%
The market for altcoins has rebounded significantly since last weekend. The interest rate for borrowing stablecoins denominated in US dollars (such as USDC and Tether) on the Aave platform has skyrocketed to over 10%. Aave is the largest lender in the DeFi project, allowing peer-to-peer encrypted cryptocurrency transactions without intermediaries. The higher interest rate means that more traders are willing to pay to borrow stablecoins, indicating that they are increasing their cryptocurrency bets. The lending rates for DeFi and the financing rates for perpetual contract markets continue to rise, creating arbitrage opportunities for traders between the two. Spencer Hallarn, a derivatives trader at cryptocurrency investment company GSR, said: "Aave and perpetual contract rates should typically have some correlation, as you can arbitrage between the two. Overall, this indicates demand for holding cryptocurrency in the derivatives market."
A whale withdrew $6.9 million worth of AAVE from Binance
On November 6th, Lookonchain monitoring reported that a whale withdrew 70,100 AAVE (approximately $6.9 million) from Binance within the past 2 hours. According to market data, AAVE has risen over 8% in the past 24 hours and is currently trading at $98.38.
A certain whale deposited 33,100 AAVE into Coinbase 12 hours ago
According to The Data Nerd monitoring, 12 hours ago, a whale address starting with 0x5e0 deposited 33,100 AAVE (approximately $2.97 million) into Coinbase at an average price of $89.7. This whale had accumulated these AAVE at an average price of $74.5 three months ago and has now realized a profit of $503,000 (20%).
Issuance of Aave’s native stablecoin GHO exceeds 30 million
According to Etherscan data, the native stablecoin GHO of Aave has exceeded 30 million in circulation since its launch on the Ethereum mainnet on July 15th, reaching 30,076,716 coins.
Earlier, the Aave community initiated a "temperature check" vote to increase the borrowing rate of GHO. The proposal suggests raising the GHO borrowing rate from 3% to 4.72%.
The Aave community's proposal to "Activate Aave V3 on Gnosis" has been voted on and will be implemented within 7 hours
According to the governance page, the Aave community's proposal to "activate Aave V3 on Gnosis" has been passed through on-chain voting and will be executed within 7 hours.
