0-0.1 AAVE

0.1-1 AAVE

1-10 AAVE

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Aave

Aave ($AAVE) is a decentralized money market that runs on the Ethereum blockchain. It’s most notable for its loan system, which allows users to earn interest on deposits and borrow assets with an interest rate. The interest rate is determined algorithmically. Originally named ETHLend in 2017, it was renamed to Aave in 2018. With the rebrand, it also updated its money market function: previously with ETHLend, borrowers and lenders were individually matched. Aave utilizes a liquidity pool system, where crypto loan assets are pooled together. Users must post collateral before borrowing but can only borrow up the value of said collateral. One benefit of Aave is that a user can gain exposure to different cryptos without having to actually own all of them.

Curve DAO Token

Curve founder Michael Egorov has settled his remaining debt position on the decentralized lending platform Aave, according to on-chain data.

Curve founder Michael Egorov settles entire debt position on Aave

Bitcoin Cash

Last week, some cryptocurrencies tried to recover after the recent price drop. However, this led them into overbought territory. Weekly cryptocurrency price analysis of TON, RUNE, BCH, VET and AAVE from Coinidol.com.

Weekly Cryptocurrency Market Analysis: Altcoin Upswing Is Against An Overbought Condition

A significant uptick in whale activity has been observed, particularly influencing the performance of several altcoins. What Happened: A recent analysis by Santiment suggested these large-scale investors are actively participating in networks with transfers exceeding $10 million, leading to increased volatility.

Crypto Millionaire Whales Target These Assets: Are The Coins Ready To Soar?

The proposals, which aim to disable CRV borrowing and decrease Aave's exposure to Curve's native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov.

Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

Aave Chan Initiative's Marc Zeller proposed that Aave's treasury should purchase $2 million of CRV from Curve founder Michael Egorov.

Aave Chan proposes Aave treasury buys $2 million CRV from Michael Egorov

An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.

Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes

Bitcoin

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $29,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $1,900 mark this morning.

Bitcoin Falls Below This Key Level; Compound, Aave Among Top Losers

Ethereum

Curve Founder Michael Egorov's $168M in holdings is under stress, imperiling DeFi as a whole. PLUS: The Litecoin Foundation and crypto cold-storage card manufacturer Ballet HAVE teased a sale of 500 collectable cards – fashioned from 50 grams of fine silver.

First Mover Asia: BTC, ETH Stable While COMP and AAVE in the Red

Lending and borrowing platform Aave (AAVE) has launched a new decentralized stablecoin on the Ethereum (ETH) mainnet. The dollar-pegged stablecoin, called GHO (GHO), is governed by the Aave decentralized autonomous organization (DAO). Nader Dabit, the director of developer relations at Aave, says that GHO is an “overcollateralized” stablecoin.

Aave Launches New Algorithmic Stablecoin GHO on the Ethereum (ETH) Mainnet

Aave's newly launched algorithmic dollar-pegged stablecoin, GHO, has seen 2.76 million coins minted in 48 hours of its release, according to Etherscan.

Aave Launches USD-Pegged Stablecoin GHO, $2.7M Coins Minted in 2 Days

Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3).

Aave Launches GHO Stablecoin on Ethereum Network

Aave has launched a new dollar-pegged stablecoin on Ethereum that's backed by overcollateralized loans in the style of Maker's DAI.

Aave's Dollar-Pegged GHO Stablecoin Hits $2.5M Market Cap After Just 2 Days

Lens Protocol is rolling out its latest version of the crypto-powered Twitter alternative, adding several new functionalities to the platform.

Aave Companies Launch V2 Lens, Introducing 'Blocking' to Crypto Social App

The GHO stablecoin will now be available for users on the Aave V3 platform on Ethereum.

Aave activates GHO stablecoin on the Ethereum mainnet

Aave's GHO stablecoin has been in development for the last year, and its aim is to make markets more accessible and efficient for its users.

Aave DAO Votes to Launch GHO Stablecoin on Ethereum Mainnet

Polygon

The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.

Celsius Moves $64M in LINK, MATIC, AAVE and Altcoins Following Court Permission to Sell Tokens

Aave Companies, one of the primary contributors to the Aave (CRYPTO: AAVE) decentralized finance (DeFi) lending protocol, wants to initiate the decentralized stablecoin GHO as an ERC-20 token on the Ethereum mainnet. Introducing GHO by means of Facilitators enables users of the third version of Aave to create GHO using their collateral, as detailed in the Aave Improvement Proposal, The Block reported.

Ethereum To Become Home For Aave's GHO: Are Other Stablecoins At Risk?

GHO has been in the works for over a year and was issued on a testnet earlier this year.

Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum

Aave Companies has proposed launching the decentralized stablecoin GHO as an ERC-20 token on the Ethereum mainnet.

Aave set to vote on launching GHO stablecoin on Ethereum mainnet

The Aave community has approved a $2 million token swap to procure BAL-WETH liquidity pool tokens from the DeFi protocol, Balancer.

Aave DAO decides to swap to $2 million in Balancer LP tokens

Holders of Aave, the token that underpins its namesake's decentralized finance (DeFi) protocol, are taking part in a governance vote that will decide whether 1,600 ether (ETH) in the protocol's treasury will be converted to wrapped staked ether (wstETH) and rocket pool ether (rETH).

Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH

A slew of decentralized finance (DeFi) projects skyrocketed this past week, outperforming Bitcoin's (BTC) already-bullish price action. Several of the surging DeFi altcoins started to retrace on Monday, however. Aave (AAVE), a lending and borrowing DeFi protocol, is up over 27% in the past seven days but down by nearly 1.

DeFi Breaks Out As AAVE, Compound (COMP), Kava and More Outperform Bitcoin (BTC)

A trader has opened an on-chain short position on the TUSD stablecoin amid the issuer's links with Prime Trust.

Trader opens $4 million short on the TUSD stablecoin on Aave

The Aave community unanimously voted against a proposal by Gauntlet to freeze Curve DAO (CRV) tokens on version 2.

Aave community rejects Gauntlet's proposal to freeze CRV tokens on V2

Lens Improvement Proposals (LIPs), which is inspired by Ethereum and Aave, is an attempt to create a framework for developers, creators and users to participate and have a voice in the decision-making process of Len's future development.

News for Aave Crypto (AAVE)