TL;DR Ripple's RLUSD stablecoin debuts on Aave V3 with a $50 million supply cap, marking a major milestone in its entry into decentralized finance. Although initial usage is low, early market signals show growing interest.
Ripple's dollar-pegged stablecoin RLUSD continues its push for adoption with its latest integration into Aave.
In the latest development within the Ripple ecosystem, the RLUSD stabecoin goes live on the Aave V3 Ethereum Core Market. Bolstering Ripple's entry into the stablecoin market, RLUSD gained new utility, allowing users to supply or borrow the coin.
Aave users can start supplying and borrowing Ripple's RLUSD stablecoin on the decentralized lending platform's V3 Ethereum Core market, Aave said in a Monday post on X.
Ripple's stablecoin, RLUSD, sees increased adoption with the latest integration on Aave V3's Ethereum market. The addition introduces streamlined lending and borrowing services for DeFi enthusiasts and institutions. The announcement shifted attention to native AAVE's performance, which signals impending rallies after breaking out of a descending wedge.
Ripple's ecosystem is seeing notable momentum, with XRP and its RLUSD stablecoin making major advances in the crypto market. Coinbase lists XRP futures On April 21, Coinbase introduced XRP futures contracts on its US derivatives platform.
Ripple's dollar-pegged stablecoin, RLUSD, has officially launched on the Aave V3 Ethereum Core Market. Users can now supply and borrow RLUSD, marking a new step in Ripple's entry into the decentralized finance (DeFi) space.
Ripple's RLUSD stablecoin goes live on Aave V3 with minimal activity, aiming to boost enterprise adoption and DeFi integration across platforms.
Positive developments within AAVE's ecosystem could help the asset.
DeFi lending protocol Aave has kickstarted its $1 million weekly token buybacks to reward stakers and boost token demand.
The platform isn't just resting on its early success. Aave has introduced new incentives to maintain its momentum.
AAVE's ecosystem upgrade could mark the beginning of a new wave of liquidity inflows.
Binance, the world's largest cryptocurrency exchange, has recently wrapped up the second round of its “Vote to Delist” campaign, stirring concerns across the crypto market. This campaign allows users to vote on whether certain altcoins should stay listed on the platform.
Recent crypto whale metrics surrounding DeFi tokens have garnered immense investor optimism, suggesting that price gains for some coins are imminent despite the ongoing market uncertainty. Whale data on Thursday, April 17, indicated that large-scale investors stacked over $20 million in AAVE and UNI.
Talk of Zcash potentially being removed from Binance has stirred strong reactions across the crypto community, particularly from those who see privacy coins as essential to digital freedom.
Movement Labs and the Movement Network Foundation have launched a formal internal investigation into market maker misconduct surrounding their native token, MOVE.
Cryptocurrency exchange Binance has been criticized this week for including privacy token Zcash (ZEC) among those cryptos up for a vote to be delisted from the exchange.
ZCash (ZEC) has been included in another round of 'Vote to delist' on Binance, despite protests from the community.
It is a clear leg up over what Europe's top fintechs and banks are offering. With the ECB taking a different path from its U.S. and U.K., this DeFi yield stands out.
This past week, Aave V3 on the Ethereum mainnet experienced its highest daily liquidations since early February, coinciding with significant market volatility. According to Galaxy Research, approximately $98.6 million in collateral was liquidated between April 6 and 7, following a similar trend earlier in the year when around $211.
Will AAVE outpace fintech giants in the yield race?
Aave-Chan Initiative Founder Marc Zeller unpacks Aave's efforts at decentralization, buyback initiatives and the GHO stablecoin.
Aave's tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol's governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. The proposal — which was approved by more than 99% of AAVE tokenholders — permits the protocol to purchase $4 million in AAVE (AAVE) tokens, enough for one month of buybacks.
The first AAVE buyback proposal secured 99.63% approval. The full strategy is designed to execute $1 million in weekly buybacks over six months.
The Aave DAO has overwhelmingly approved a $4 million AAVE token buyback, launching the first phase of a broader initiative to overhaul the protocol's tokenomics.
Zcash is rallying as traders demonstrate confidence, moving a record amount of tokens to privacy-protecting shielded pools.
Aave DAO members are voting on a proposal to add Pendle's Principal Tokens to its V3 Core market. The proposal, posted on the web3 voting platform Snapshot on Apr. 7, suggests listing an initial PT test asset.
It's been a mixed bag for those interested in AAVE.
Several major developments across various ecosystems are expected this week, suggesting imminent volatility for tokens within the respective niches. From Aave buybacks to Trump's reciprocal tariffs, some very interesting updates are in the pipeline.
Aavenomics, the proposal to modify Aave protocol tokenomics and introduce token buybacks, has achieved a quorum for the Aave DAO. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, noting that it marks a new era for the protocol.
DeFi's largest protocol, the Aave decentralized autonomous organization (DAO), has officially approved a $1 million token buyback initiative that will start on April 9. The proposal secured 439,000 votes in favor, well above the required 320,000 quorum, while only 2,020 votes opposed it.
Lens Chain mainnet goes live using an inexpensive Ethereum overlay blockchain designed for building decentralized social media applications.
Chainlink (LINK) was also among the underperformers, falling 4.7% from Tuesday.
The cryptocurrency marketplace appears to be experiencing an increase in bullishness, as Bitcoin (BTC) remains in the lead at $85,148.35 (+0.97 percent), while Ethereum (ETH) is relatively flat at $1,881.97. The sentiment is generally positive with major cryptocurrencies showing resilience with increased trading volume and favorable technical indicators.
TL;DR Lido DAO has strengthened its governance system with extended two-phase voting periods, an emergency mechanism called GateSeal, and a structure of expert committees for technical and financial decision-making. These enhancements aim to boost participation, reduce risk, and ensure transparent, decentralized governance.
The $159 level is a key support to watch for Aave (AAVE), while a break below could send prices toward $128.
The selling pressure on Bitcoin forced MKR to lose 11%, but the bulls were likely to drive a recovery.
Here is how some of your favorite assets concluded the week.
Two Ethereum whales on MakerDAO are at risk of being liquidated if Ether drops below $1,800. The whales, who borrowed millions in DAI from the DeFi lending protocol and pledged ETH as collateral, are now under pressure due to Ether's continuous decline.
AAVE is likely to establish a new high as more liquidity pours in.
TL;DR Aave integrates Chainlink Smart Value Recapture (SVR) on Ethereum to recapture the MEV associated with loan liquidations in DeFi protocols. The SVR solution allows DeFi protocols to recover value lost in block building, improving the DeFi economy in a sustainable and transparent way.
The Aave community has voted to allow the adoption of Chainlink's Smart Value Recapture feature as the protocol looks to reclaim millions in maximum extractable value lost to oracles.
Decentralized finance protocol Aave has integrated Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with this coming on the back of a community vote. The integration is an initiative of Chainlink and Aave (AAVE) ecosystem contributors BGD Labs, and Aave Chan Initiative, according to an announcement.
The Aave DAO community has formalized the integration of Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with the goal of recovering the value extractable from oracles (Oracle Extractable Value, OEV) related to liquidations and converting it into a new source of revenue for the protocol. The decision, confirmed by an on-chain vote, marks a turning point for decentralized finance (DeFi), ushering in a sustainable model that reintegrates into the system the value technically lost during liquidation operations.
The crypto market dipped into the red over the past 24 hours as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap dropped to $2.86 trillion.
MakerDAO's governance token, MKR, has posted double-digit gains in the past 24 hours, making it the market's top performer. The surge propelled MKR to a seven-day high of $1,485, where it traded briefly during Thursday's early Asian hours.
The crypto markets are consolidating after a small rise as the bulls face fatigue following a minor surge. Bitcoin price surged above $88,000 but has settled above $87,000 despite the rising bearish activity. On the other hand, Ethereum sustains above $2000, while memecoins display some strength as DOGE, PEPE, and FLOKI maintain a strong upswing.
Will this legacy cryptocurrency become bullish once again? Let's find out in this Zcash price prediction.