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.

Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today's move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week peak.

Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak

Polygon

Uniswap

The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain.

Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing

Polygon rolled out its first public testnet for its rollup solution zkEVM, with blue-chip DeFi projects Uniswap and Aave jumping on board.

Uniswap, Aave Pile Into Polygon's Speedy Rollup Testnet for Ethereum

Ethereum

The Aave community is leaning towards deploying a fresh v3 on Ethereum rather than upgrading the previous version. The post Aave DAO favors fresh deployment of its latest version on Ethereum appeared first on The Block.

Aave DAO favors fresh deployment of its latest version on Ethereum

Brandon Neal, COO of Euler Labs, told Decrypt's Liam Kelly and Stacy Elliott in our Decrypting Mainnet booth at Messari Mainnet 2022 about how Euler approached the Ethereum merge, how to onboard more people into crypto and DeFi, and how Euler competes with Compound and Aave, the leaders in the DeFi borrowing and lending space.

Euler Labs COO: DeFi Lending 'Duopoly' of Compound and Aave Invites Competition

Some $15 million of that amount has been earmarked for work performed directly by the team over the course of more than a year.

Aave Companies Seeks $16M From DAO Funds to Pay Crypto Developers

The Aave community is worried that users may increasingly borrow ether ahead of the Merge, exposing the protocol to liquidity issues and injecting volatility into Lido's staked ether market.

DeFi Giant Aave Stops Loaning Ether Ahead of Ethereum Merge

Leading decentralized finance (DeFi) protocol Aave has frozen Ethereum (ETH) borrowing as the leading smart contract platform prepares for the highly anticipated merge. Citing advice from analytics firm Block Analitica, a community proposal says that the Ethereum merge will present significant risks to the DeFi borrowing and lending markets.

DeFi Protocol Aave Temporarily Freezes Ethereum (ETH) Borrowing Leading Up to the Merge

Cardano

Cardano rose to a one-week high earlier in today's session, despite cryptocurrency markets mostly trading in the red. Aave was also higher on Friday, with the token remaining close to its highest point in the past week. As of writing, the global crypto market cap is 0.43% lower.

Biggest Movers: AAVE, ADA Remain Near 1-Week Highs on Friday

DeFi lender Aave says it will require a DAO governance vote to implement any smart contract-level censorship related to government sanctions. The post Aave says on-chain wallet address censorship will require DAO consensus appeared first on The Block.

Aave says on-chain wallet address censorship will require DAO consensus

Avalanche

Solana

The crypto analyst who accurately called the 2018 bear market bottom for Bitcoin (BTC) says a trio of altcoins is in the midst of a breakout.

Solana, Avalanche, and Polygon Breaking Out as One DeFi Altcoin Carves Bear Market Bottom: Top Crypto Analyst

A popular analyst known for his deep-dive research is exploring how looming regulation might impact the crypto industry. In a new strategy session, the Coin Bureau host known as Guy tells his 2.09 million YouTube subscribers about which factors the U.S.

Aave and Similar Projects Could Be Safe From SEC Clampdown, Says Coin Bureau Host – Here's Why

The $16.6 million retroactive payment is to cover Aave Companies' 15-month-long work in developing Aave v3. The post Aave Companies requests $16.6 million compensation for work on Aave v3 appeared first on The Block.

Aave Companies requests $16.6 million compensation for work on Aave v3

Fantom

An Aave governance proposal suggests removing Fantom integration amid so many recent DeFi bridge hacks. Is the multi-chain narrative sinking fast?

Aave Proposal Would Cut Off Fantom Amid Security Fears

The protocol's native aave tokens experienced volatile trading over the week ahead of the launch of the yield-generating stablecoin.

Aave Wallet Activity Reaches 2022 High on GHO Stablecoin Decision

Stablecoins could drive users and revenue to platforms in a similar way that governance tokens did during the “DeFi Summer” of 2020.

Why DeFi Giants Aave, Curve May Want Their Own Stablecoins

A majority of the community of decentralized non-custodial market protocol Aave (CRYPTO: AAVE) DAO has voted in favor of creating a stablecoin GHO, which will be backed by a portfolio of other cryptocurrencies as collateral. Aave DAO is a non-custodial, decentralized market system that lets users lend and borrow Bitcoin (CRYPTO: BTC).

Aave DAO To Create GHO Stablecoin After 99.9% Approve Proposal

The fully collateralized stablecoin is native to the Aave ecosystem and will be initially available on the Ethereum network.

Aave Passes Proposal for Yield Generating Stablecoin GHO

On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S. dollar's value.

Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO

The stablecoin will be backed by over-collateralized assets that continue to earn yield.

Aave DAO Approves Creating GHO Stablecoin

The Aave DAO community voted in support of the proposal and the DeFi protocol will now work toward creating the GHO stablecoin. The post Aave DAO votes to approve creation of GHO stablecoin appeared first on The Block.

Aave DAO votes to approve creation of GHO stablecoin

Sommelier, an on-chain investment protocol, has launched its first-ever community-governed product called Cellar.  The post On-chain investment protocol Sommelier debuts Cellar on Aave appeared first on The Block.

On-chain investment protocol Sommelier debuts Cellar on Aave

Aave has executed a treasury swap with Balancer to the tune of about $1 million of their respective tokens, following a unanimous vote. The post Aave DAO carries out $1 million treasury swap with Balancer appeared first on The Block.

Aave DAO carries out $1 million treasury swap with Balancer

Decentralized Web3 protocol Pocket Network (CRYPTO: POKT) announced on Tuesday its partnership with open source liquidity market and lending platform Aave, enabling it to utilize Pocket's distributed network of more than 44,000 nodes to access on-chain data from multiple blockchains.  The partnership also benefits developers building Aave-powered dApps, allowing them to access reliable blockchain data from Pocket Network on demand.

Aave Partners With Pocket Network To Access On-Chain Data From Multiple Blockchains

Curve DAO Token

Lido DAO

Several DeFi tokens, including Lido and Aave, have enjoyed hefty, double-digit gains over the past seven days.

News for Aave Crypto (AAVE)