Tag Archives: aave

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The price of AAVE – the token behind the popular DeFi lending protocol – has seen a major price pump in the past few days after the launch of Aave V3. Whales have contributed to these gains, accumulating over 70,000 AAVE in the last 2 months. The upgrade – reported by CryptoPotato on Wednesday – introduced cross-chain portals, allowing users to take their assets to versions of the protocol on alternative networks. It also reduced gas costs for all Aave functions by an average...

Aave – the popular web 3.0 lending protocol – has released its anticipated V3 update. The new version includes multiple new features that reportedly offer “increased capital efficiency” and “enhanced decentralization”. According to an announcement from the company,  one of the new features includes “Portals” allowing for transfers of Aave V3 assets across different chains by “permit listed” bridge protocols, approved by Aave governance. Many chains will be available given...

The central bank of Brazil revealed on March 3rd that it has picked a total of nine projects to advance in its challenge to develop a central bank digital currency (CBDC). One of the projects is Aave. The LIFT Challenge The central bank of Brazil revealed the so-called LIFT Challenge where the current theme is “Real Digital.” The main objective of this challenge is to evaluate use cases of digital currencies issued by the central bank as well as how technologically feasible...

The Swiss-based issuer of crypto exchange-traded products (ETPs), 21Shares, announced the listing of three new digital asset-oriented ETPs on Euronext exchanges in Paris and Amsterdam – Decentraland, AAVE, and FTX Token. The exchange-traded products will enable market players to get exposure to the three assets without the need to own the underlying assets. According to the official press release, 21Shares Decentraland ETP, Aave, and 21Shares FTX Token ETP will be listed on...

A lot can change in the cryptocurrency markets in two months. Avalanche and its native cryptocurrency – AVAX – are prime examples. The token traded around $9 during the market-wide crash on July 20th but surged by triple-digits in this timeframe to reach a new all-time high at nearly $80 earlier today. This came after numerous consecutive records last week, before the market-wide crash. Registering such massive price increases in a relatively short time has caught the...

A slew of leading Ethereum based DeFi protocols– including Aave, Sushi, Curve, and PoolTogether– recently announced a $100M DeFi adoption initiative with Celo, a mobile platform for financial dApps. Adoption Initiative: “DeFi for the People” Announced today, the recent “DeFi for the People” initiative’s numerous founders include Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, and Moola Market, alongside educational and infrastructure partners including Chainlink,...

Ampleforth – the algorithmic stablecoin with elastic supply – has been introduced in Aave’s lending ecosystem. Ampleforth (AMPL) Now Included in Aave While most stablecoins have a stable peg, Ampleforth (AMPL) is doing things differently. It’s designed in a way where the algorithm chases a target price and readjusts the overall supply. If the price is above the target, the total supply would increase and vice-versa: if the current price is below the target, the supply will...

Aave, the third-largest non-custodial lending protocol, is taking a multi-market approach and exploring scalability solutions in a project called “New Frontiers.” Aave is now exploring Polygon (formerly known as Matic), an Ethereum layer 2 protocol that enhances scalability using an adapted version of the Plasma framework. The Polygon sidechain system will be the first to integrate Aave as part of this plan to bring scalability and low-cost transactions. DeFi Should Be for...

AAVE, one of the market’s leading lending protocols, brings further offerings to its value proposition. In a recently released announcement, the protocol revealed that they have now enabled Uniswap and Balancer LP tokens to be collateralized on the platform.AAVE currently holds over $5 billion in total value locked, according to data from DeFi Pulse, and it ranks third in terms of this metric, trailing behind Maker and Compound.In a recent announcement, however, the protocol has taken steps...