Tag: AAVE
Launching on the ZKsync-powered Era mainnet, Aave aims to utilize it to its “maximum”
As part of a larger embrace of its ecosystem, the pioneering decentralized lending protocol Aave launched Aave V3 on the Era mainnet, powered by ZKsync. The Elastic Chain ecosystem, a…
DeFi powerhouse Aave generates $6 million in income despite erratic market conditions
Leading DeFi platform Aave Protocol generated over $6 million in sales during the current market downturn. Aave made $802,000 from a $7.4 million wrapped Ether (WETH) liquidation, according to on-chain…
Price increases for Aave due to whale accumulation and V3.1 release
Details showing whales have aggressively accumulated Aave Aave aave -1.14% Aave over the previous two days were shared by Lookonchain on July 31. According to the data, whales withdrew over…
The proposed fee switch by AAVE causes the AAVE coin to surge significantly
The founder of one of the leading independent companies offering Aave services (AAVE +2.76% DAO), Marc Zeller, released a temperature check on Thursday, July 25, regarding a new Aave governance…
AAVE proposal takes into account buying back tokens from the open market and enabling the fee switch
A fee swap could be implemented by the decentralized lending platform Aave in order to provide its major customers a portion of the company’s net excess revenue. On Thursday, Marc…
Decentralized Autonomous Organizations (DAOs): What are they? Beginner guide for Noobs.
As of May 2024, there are projected to be 15,000 DAOs in operation. These entities are important players in the decentralized market. As a result, the article you are currently…
Considering joining Lido Alliance, Aave DAO hopes to expand the staked Ethereum market
A proposal to become a member of the Lido Alliance and create a market specifically for the staked Ethereum (stETH) token of the liquid staking protocol is being considered by…
In a community vote, Aave DAO signals unanimity in favor of deploying on ZKsync
In cooperation with service providers BGDLabs and Catapulta, the community of the lending protocol Aave AAVE -2.72% has overwhelmingly voted in favor of an early proposal to implement the lending…
Aave surpasses $20 billion in deposits amidst talks about fee switches and record revenue
Following this week’s record-breaking annualized revenue for the DeFi protocol, members of the Aave community are pressing for a fee flip proposal. Aave liquidity committee member Matthew Graham said on…
Aave to Release Own Blockchain Following V4 Update
Aave plans to release its own blockchain, called Aave Network, following the release of its next V4 upgrade. With $13 billion in total value locked (TVL) in the lending protocol,…
Lens Network L2 Leveraging ZK Stack Announced by Aave
Using Matter Labs’ modular ZK Stack technology, Lens Network—which was announced on May 14—plans to construct a hybrid validium and volition Layer 2. According to Lens, this approach can retain…
Aave Initiates Potential Fee Distribution Vote, Marking Shift in Staking Dynamics
Decentralized finance (DeFi) luminary Marc Zeller, founder of the Aave Chan Initiative, has hinted at an imminent vote within the Aave community regarding the activation of a ‘fee switch’ mechanism….
EigenLayer TVL crosses $11 billion, overtakes AAVE
EigenLayer, a restaking protocol, is now the second-largest protocol by total value locked (TVL), surpassing even the well-known decentralized finance protocol Aave. EigenLayer had decided to remove the network’s deposit…