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

CME Group and CF Benchmark launched reference rates and real-time indices for Aave, Synthetix, and Curve. The post CME Group, CF Benchmarks launch new DeFi reference rates for Aave, Curve and Synthetix appeared first on The Block.

CME Group, CF Benchmarks launch new DeFi reference rates for Aave, Curve and Synthetix

Chainlink

Uniswap

Cryptocurrency exchange Coinbase (NASDAQ: COIN) has come up with a tool that will enable users to recover more than 4,000 unsupported ERC-20 tokens that have been sent to its ledger. Any cryptocurrency built on the Ethereum (CRYPTO: ETH) blockchain is referred to as an ERC-20 token.

Coinbase Now Has A Recovery Tool For Lost Uniswap, Aave, 0x And Chainlink Tokens

Aave acquired web3 social mobile gaming app Sonar to integrate decentralized identities via Lens Protocol, targeting a launch in 2023. The post Aave acquires web3 social gaming app Sonar to expand Lens Protocol appeared first on The Block.

Aave acquires web3 social gaming app Sonar to expand Lens Protocol

With the acquisition, Lens Protocol will be integrated into a game app which claims to have 20,000 active users per month.

Aave's Social Media Protocol Lens Acquires NFT Mobile Game Sonar

The acquisition will see Sonar integrate Aave's Lens protocol to introduce decentralized account profiles for its social mobile metaverse app.

Aave Companies Acquires Social Metaverse Developer Sonar

The lending protocols have implemented new security measures to block attacks after an attempted short squeeze last week.

DeFi Giants Aave, Compound Freeze Markets and Cap Loans to Mitigate Risks

As crypto lenders and centralized exchanges collapse left and right, Kaiko has a new data product tracking DeFi lending and borrowing. The post Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive appeared first on The Block.

Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive

Decentralized lending protocol Aave has temporarily frozen lending and borrowing markets for 17 tokens to protect itself. The post Aave pauses lending markets for 17 Ethereum-based tokens appeared first on The Block.

Aave pauses lending markets for 17 Ethereum-based tokens

The trader who exploited Mango Market failed to do the same on Aave. But he did prove a point, and left Aave with $1.6 million in bad debt.

Aave Feeling the Squeeze Even After Failed Attempt by Mango Hacker

Community members of lending and borrowing platform Aave (AAVE) are submitting a governance proposal in the wake of an unsuccessful attempt to exploit the decentralized finance (DeFi) protocol.

Aave Community Proposes Governance Changes Following Attempted Crypto Exploit

The proposal calls for the Aave DAO to trigger the Gauntlet insolvency fund and part of its treasury to cover the bad debt. The post Llama and Gauntlet submit proposal to cover $1.6 million in bad debt on Aave appeared first on The Block.

Llama and Gauntlet submit proposal to cover $1.6 million in bad debt on Aave

A crypto trader who bragged last month about making off with over $100 million in a Mango Market price manipulation scheme appears to have lost millions on an identical attempt that backfired early Tuesday. What Happened: According to on-chain data, Avraham Eisenberg, the man behind October's Mango Market breach, recently borrowed a 40 million Curve (CRYPTO: CRV) from decentralized lending platform Aave.

Mango Market Hacker Loses Millions As Curve Price Manipulation Attempt on Aave Backfires

Avraham Eisenberg, the crypto trader behind last month's $100 million Mango Markets price manipulation maneuver, couldn't do the same to Aave.

Mango Market Hacker Loses Millions in Failed Aave Scheme

While FTX contagion continues, the action on Aave and Uniswap reminds us: DeFi tools continues to work properly, unbothered.

Aave and Uniswap Show How DeFi Keeps Working Amid FTX Crisis

With Genesis, one of Gemini's lending providers, suspending withdrawals, rates on Aave went haywire as speculators fled GUSD or shorted it.

Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze

Stani Kulechov believes that Web3 social media will be less of an update of Web2 and more of an interoperable network of new platforms.

Twitter Won't Go Web3 ‘Anytime Soon': Aave CEO Stani Kulechov

Aave founder Stani Kulechov joined Dan Roberts and Stacy Elliott to talk about his vision for the next iteration of DeFi, Aave V3 and Lens Protocol, the Web3 company he wishes he had founded, and why now is the right time for the $5B lending protocol to launch its GHO stablecoin. Watch Episode 22 of the gm podcast and make sure to subscribe on Apple or Spotify.

gm: Aave Founder Stani Talks Stablecoins and Next Era of DeFi

gm: Aave Founder Stani Talks Stablecoins, Risk, and Next Era of DeFi

In a unanimous vote, Matter Labs' proposal to deploy Aave on the testnet for its Ethereum scaler zkSync has been approved.

Aave Votes to Deploy on Ethereum Layer-2 Solution zkSync

The decision will let developers evaluate whether to fully deploy its decentralized exchange on the layer 2 scaling platform that speeds up Ethereum transactions.

Aave Community Members Vote to Deploy on zkSync v2 Testnet

Polygon

The live trade is the first of Singapore's Project Guardian pilot, which aims to explore the potential of DeFi applications in wholesale funding markets. The post Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction appeared first on The Block.

Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction

Layer 2s like Optimism and Arbitrum will "radically decrease the cost of actually transacting and using blockchain-based security," Kulechov said.

Aave's Stani Kulechov: What Sets Our GHO Stablecoin Apart

Tezos

Tezos (CRYPTO: XTZ) and Aave (CRYPTO: AAVE) tokens have been introduced to the trading platform Robinhood Markets Inc. (NASDAQ: HOOD), enabling users to purchase and trade the cryptocurrencies. Robinhood tweeted the announcement on Monday, along with a link to a web page displaying the newly listed cryptos on Robinhood.

Trading App Robinhood Adds More Cryptocurrencies To Its Platform

Ethereum

Oasis will allow users with ETH to enter into a recursive stETH/ETH strategy in a single transaction by using the Aave protocol.

Aave Launches Staked Ethereum Earn Strategy Through Oasis

The popular trading app has added two new cryptocurrencies to its lineup of assets: proof-of-stake blockchain Tezos and lending protocol Aave.

News for Aave Crypto (AAVE)