Aave and Lido together have surpassed $70 billion in net deposits for the first time in history, as per Token Terminal.
AAVE broke out of a bullish pattern, but the road to $400 has troubles.
Aave, a leading decentralized finance (DeFi) protocol, is considering integrating Chainlink's new Smart Value Recapture (SVR) oracle to address a growing issue in the space—maximum extractable value (MEV). This move could redirect profits from transaction backrunning, often extracted by third parties, back into the hands of Aave's users.
Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal. As of press time, the two largest DeFi protocols hold a total $67.42 billion.
AAVE, the native token that powers decentralized finance (DeFi) lending protocol Aave, has surged 12% in price over the past 24 hours. This rally follows a recent proposal to integrate a new Chainlink oracle.
AAVE's surge is supported by a year-long increase in TVL coupled with increased fees reflecting higher usage and demand.
Amid the bulls & bears setting the dominance, AAVE price is on the second day of constant gains, rallying 18% in the last 24 hours. Interestingly, the token was bullish for days but fell with the crypto market crash, disturbing its performance.
The markets are slowly becoming more lenient towards altcoins as the liquidity flow from Bitcoin to the other cryptos appears to have begun. More than the recent ones, the older tokens are gaining more attention.
Aave is exploring Chainlink's Smart Value Recapture (SVR) oracle to address maximum extractable value (MEV).
Aave is considering incorporating a new Chainlink oracle that will redirect yields from transactions preemptive to the DeFi protocol's users.
The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink's new oracle service.
Bitcoin could correct roughly 30% based on historical patterns.
AAVE has delivered impressive performance in the cryptocurrency market, experiencing a remarkable 13% rally as open interest in its futures grows substantially. Amid the uncertainty affecting the broader market, AAVE is defying the trend and capturing the attention of the crypto community.
AAVE price rebounded for the second consecutive day, erasing some losses from last week, as smart money investors bought in and exchange balances declined.
Aave (AAVE) could soar by 25% to reach the $415 level if it closes a daily candle above $340 mark.
The bullish expectations for Bitcoin seem to have shaken a bit as the price is struggling to keep up above $95,000 after experiencing bearish waves during the weekend. While altcoins were expected to follow the trend and some popular ones are doing so, cryptos like Algorand (ALGO) and Aave (AAVE) have stood apart.
Aave's sustained growth reflects its innovative approach, robust user engagement, and strong governance strategies.
Aave (AAVE) has proven itself to be a key player in the world of decentralized finance (DeFi). As one of the leading platforms for decentralized lending and borrowing, Aave has made significant strides.
Aave (AAVE), a leading decentralized finance (DeFi) token, has garnered increasing attention in recent weeks, especially from whales and smart decentralized exchange (DEX) traders. As the broader crypto market faces volatility, these key players seem to be strategically re-entering the market, particularly in response to recent price corrections.
Smart DEX traders and whales re-entered the market, buying AAVE in the recent price drop.
With Donald Trump's inauguration fast approaching, there are some cryptos that investors should be looking to have in their portfolio. This is based on the fact that these coins could record a two times increase in their price, considering the president-elect's pro-crypto stance.
The bullish performance of AAVE over the past month is at risk as sellers take over the market. As uncertainties grow, will the AAVE bull run take a plunge under $300 or continue to grow? Whales remain crucial.
Aave DAO delegate and service provider Aave Chan Initiative has initiated a proposal on the crypto lender's governance forum to deploy Aave v3 on Sonic.
Ethena Labs has partnered with World Liberty Financial to integrate its yield-bearing token, sUSDe, into WLFI's DeFi platform, aiming to enhance stablecoin liquidity and user rewards through a proposed governance initiative. The post Ethena Labs Partners with World Liberty Financial to Add sUSDe to Aave appeared first on Cryptonews.
As 2024 nears its close, the cryptocurrency market is once again showcasing its dynamic and volatile nature, capturing the attention of traders and investors navigating shifting trends.
The initial proposal from Morpho Labs and Allez Labs sought to capture a 7% yield from stablecoins held in Polygon's proof-of-stake bridge.
Polygon, the Ethereum sidechain, has raised concerns over Aave's recent actions, accusing the DeFi platform of employing anti-competitive strategies to stifle competing protocols.
TL;DR Polygon accuses Aave of anti-competitive tactics following a dispute over a proposal within Aave DAO governance regarding the use of bridge funds for yield farming. Aave defends its decisions as necessary to manage risks and protect the community, rejecting the accusations.
Ethereum sidechain Polygon has accused Aave of using anti-competitive tactics to muscle out competing DeFi protocols. This is a reaction to the proposal on Aave DAO about whether the leading DeFi protocol should exit the Polygon network.
Polygon, one of the largest Ethereum layer-2 networks, has accused the DeFi lending platform Aave of adopting monopolistic practices. This dispute arises from a proposal to allocate locked bridge funds to yield-generating strategies, which Aave opposes.
Aave proposes freezing bridged assets on Polygon to mitigate risks. Polygon's governance opposes Aave's proposal, citing anti-competitive concerns.
Aave (AAVE), the leading decentralized lending protocol, has surged to its highest levels since 2021, reaching a peak of $397 on December 16.
AAVE price stalls near the key resistance level at $400, pausing its strong rally that began in April. This uptrend followed by consoldiation coincides with accumulation by large investors and spike in active addresses, hinting at another leg up.
The Aave community is evaluating a proposal to withdraw the lending protocol from Polygon's Proof-of-Stake (PoS) chain. In the Dec.
Aave (AAVE) became the app with the highest value locked, with the exception of liquid staking hub LidoDAO.
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Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.
Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.
The Aave community is caught between a rock and a hard place after contributor group Aave Chan advocated withholding lending services from Polygon's poS chain. This is in response to another Polygon community request to use over $1 billion in bridge assets for yield generation.
The demand for AAVE has significantly spiked since the support of the DeFi protocol by Donald Trump-backed World Liberty Financials (WLFI).
TL;DR Aave Chan proposes adjustments to its services to mitigate risks associated with bridged assets on Polygon. Polygon is evaluating a strategy to leverage $1.3 billion in inactive stablecoins on its network. Security in decentralized finance remains the primary focus of both proposals.
Aave Chan proposed to phase out Aave's lending protocols on Polygon to safeguard the protocol against future security risks.
Aave has captured 45% of the DeFi lending market with $21 billion TVL while its token AAVE surged 21% to $373.77, highlighting the platform's strong market position and growing user adoption.
After the recent rise in the price of Bitcoin, the markets had gained some momentum that had offered a good start for the week. Meanwhile, the bullish trend failed to sustain for long as the buyers fell weak.
Aave (AAVE), a prominent name in the decentralized finance (DeFi) sector, has seen a remarkable 21% increase in its token price over the last 24 hours. This surge comes at a time when Aave's Total Value Locked (TVL) has reached an all-time high, pushing the platform's dominance in decentralized lending to new heights.
Aave solidifies its leadership in decentralized lending, capturing 45% of the market share and surpassing $21 billion in TVL.
Bitcoin bulls are attempting to push BTC price above teh $104,088 all-time high, and charts suggest ETH, LINK, AAVE and BGB will be the first to breakout.