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AAVE Price   

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AAVE

Aave  

#AAVE

AAVE Price:
$109
Volume:
$0.2 B
All Time High:
$663
Market Cap:
$1.6 B


Circulating Supply:
14,751,617
Exchanges:
105
Total Supply:
16,000,000
Markets:
188
Max Supply:
16,000,000
Pairs:
82



  AAVE PRICE


The price of #AAVE today is $109 USD.

The lowest AAVE price for this period was $0, the highest was $109, and the current live price for one AAVE coin is $108.97709.

The all-time high AAVE coin price was $663.

Use our custom price calculator to see the hypothetical price of AAVE with market cap of ETH or other crypto coins.


  AAVE OVERVIEW


The code for Aave is also #AAVE.

Aave is 3.4 years old.


  AAVE MARKET CAP


The current market capitalization for Aave is $1,607,588,244.

Aave is ranked #57 out of all coins, by market cap (and other factors).


  AAVE VOLUME


There is a very large daily trading volume on #AAVE.

Today's 24-hour trading volume across all exchanges for Aave is $186,954,143.


  AAVE SUPPLY


The circulating supply of AAVE is 14,751,617 coins, which is 92% of the maximum coin supply.

A highlight of Aave is it's limited supply of coins, as this supports higher prices due to supply and demand in the market.


  AAVE BLOCKCHAIN


AAVE is a token on the Ethereum blockchain, and has digital contracts with 10 other blockchains.

See list of the AAVE Blockchain contracts with 11 different blockchains.


  AAVE EXCHANGES


AAVE is well integrated with many pairings with other cryptocurrencies and is listed on at least 105 crypto exchanges.

View #AAVE trading pairs and crypto exchanges that currently support #AAVE purchase.


  AAVE RESOURCES


Websiteaave.com
Whitepaperdocs.aave.com/hub
TwitterAaveAave
Redditr/Aave_Official
TelegramAavesome
Discordaave
Mediumaave
Instagraminstagram.com/aave.aave


  AAVE DEVELOPER NEWS



Cross-chain governance and open-sourcing the Aave UI

The Aave Companies are committed to creating open source software that empowers users’ financial, social and cultural independence. For this software, decentralization and — most specifically decentralized governance — will be a core feature; and it is this decentralization that allows community members to contribute to the larger social, cultural and financial ecosystem growing around any software protocol. With respect to the Aave Protocol, the community has indicated that it would like to see the protocol deployed to networks other than Ethereum, such as Polygon. Because this is a community-based desire and because the Aave Protocol is controlled by the community through Ethereum-based Aave Governance, the community should also be able to use the Aave Governance with any non-Ethereum networks. Introducing Aave Governance cross-chain bridges — a unique set of tools to enable true cross-chain governance on Ethereum — that the Aave community can consider adopting. An explanation of this new software is below, along with an announcement about the open-sourcing and decentralizing of the Aave user interface, for anybody to contribute and run to access the protocol.Architecture of the Cross-Chain Bridge Let’s have a quick dive in the Aave Governance architecture — and how it can be extended to bridge its decisions affecting non-Ethereum based deployment of the protocol.A scheme of the Aave Governa...




  AAVE NEWS


Aave Joins Binance's BNB Chain Ecosystem – Here's How Users Benefi...

    In a significant development for the Binance Smart Chain (BSC) ecosystem, Aave (AAVE), one of the largest decentralized finance (DeFi) market protocols, has announced its integration with BNB Smart Chain. Aave joins prominent projects such as Uniswap, Ambit Finance, PancakeSwap, and Lista DAO. BNB Chain Welcomes Aave According to the announcement, this latest development opens up new opportunities for BNB Chain users, giving them access to what the protocol calls 'top-tier lending platforms' and enhanced liquidity. With the launch of First Digital USD (FDUSD), users can now leverage 'robust' liquidity, allowing them to explore different applications and opportunities in the Binance ecosystem. On the other hand, Aave users can now benefit from BNB Chain's fees and the ability to integrate with one of the largest DeFi ecosystems, fostering increased collaboration between the two communities. The announcement also noted the following about the Aave integration: This not only complements but strategically aligns with BNB Chain's 2024 outlook. Focused on mass adoption, high-frequency DeFi applications, and network efficiency improvements, the ecosystem is set for an exciting evolution. 2024 Goals Looking ahead, BNB Chain has set numerous goals for 2024. The introduction of opBNB - the Layer 2 (L2) scaling solution for the BNB Smart Chain - aims to achieve a transaction processing capacity of 10,000 transactions per second (TPS) by doubling the gas limit to 200 M/s. Enhanced secu... read More



Gauntlet Will End Contract With AAVE DAO

    Aave, the popular decentralized lending platform belonging to the company now known as Avara, will have to look for a new company to provide risk management services following its recently announced split with Gauntlet. The decision was announced by Gauntlet co-founder John Morrow on the AAVE forums yesterday evening. Running The Gauntlet According to Morrow, the relationship between his company and the Aave DAO that oversees the protocol has become strained due to inconsistent guidelines and unwritten requests and objectives by the largest DAO stakeholders. Gauntlet has already started looking for companies that can replace their services and has stated that they are open to working together with Aave/Avara again in the future. With that being said, current circumstances have led Gauntlet to the decision to part ways. “We’re proud of our work […]. Almost everyone on our 60-person team has contributed to Aave or worked on the infrastructure supporting it. It is because of all this that it pains us to say that Gauntlet is no longer able to continue our work with Aave. We will be terminating our payment stream as soon as possible and working with other contributors to find a replacement for the Risk Steward.” Morrow cited incidents such as the AIP-371 fiasco and Chaos on Optimism as some of the catalysts for the decision. He also mentioned certain actions his company took for other platforms, which Aave DAO stakeholders allegedly regarded as &ldquo... read More



Aave V3 Ready For Solana After This Crucial Vote Passed

    The Aave community has overwhelmingly approved a proposal that will set the ball rolling for deploying Aave V3 on Solana, a smart contracts platform. The motion, put forward by the Neon Foundation and the Aave Chan Initiative (ACI), passed with a majority vote of 83% based on results posted on January 21. Solana Fast Rising, DeFi Ecosystem Active Solana has been rapidly expanding, with its native currency, SOL, emerging as one of the top performers in 2023. According to on-chain data from DeFiLlama on January 22, Aave manages over $6.9 billion worth of assets across ten chains. A big chunk, over 90%, comprises assets on Ethereum. Aave v3 has a total value locked (TVL) of $4.9 billion. Aave V3 On Solana, What It Means The TEMP CHECK proposers are keen on Aave v3 deploying on Solana, considering the blockchain's rapid growth in the past year. They observe that the blockchain's DeFi TVL and broad user base would likely benefit the lending and borrowing protocol, cementing its position as a market leader.  If Aave is deployed on Solana, the protocol will access the deep liquidity on the blockchain. At the same time, users will access Aave services more conveniently. Subsequently, the proposers reiterated this move will cement Aave's position as the leading liquidity market on-chain. Moreover, it will likely open up new opportunities for collaboration between the Aave, Solana, and other Neon EVM communities.  Neon EVM is a cross-chain bridge for users t... read More



Whales Accumulating Maker And Aave, Path To 2024 Highs?

    On-chain data suggests that whales are accumulating large amounts of Maker (MKR) and Aave (AAVE), two leading decentralized finance (DeFi) tokens. This accumulation trend coincides with a broader cooling-off period in the crypto scene days after the United States Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs.  Whales Accumulate MKR And AAVE According to ScopeScan data, Anchorage Digital, a digital asset custody firm, purchased a significant amount of MKR on January 15. The firm acquired 12,103 MKR tokens, valued at approximately $24.7 million, from Coinbase, a leading crypto exchange in the United States.  Two whales, '0xbb5f' and '0x4a7,' also accumulated large quantities of MKR and AAVE. Specifically, '0xbb5f' bought 50,000 AAVE and 2,452 MKR worth around $5.03 million and $4.95 million from Binance, a leading cryptocurrency exchange. Meanwhile, 0x4a7 purchased 39,000 AAVE and 2,350 MKR, valued at approximately $3.95 million and $4.75 million, also from Binance. These whale purchases signal a strong belief in the long-term potential of MKR and AAVE. Maker and Aave are two of the world's leading decentralized lending and borrowing protocols across DeFi. MKR serves as the governance token for MakerDAO, which also manages the DAI decentralized stablecoin. On the other hand, AAVE is the governance token of Aave, a top decentralized lending platform.  According to the latest DeFiLlama data, Maker and Aave have total value locke... read More



Aave Ecosystem Rebranding to Avara

    Stani Kulechov – the founder of Aave Companies – has announced that the network of blockchain entities and ventures that he created has rebranded as Avara. Rebranding to Reflect New Priorities According to Kulechov, the name change reflects Avara’s new mission to go beyond DeFi by bringing Web3 to “all users globally with different kinds of use cases.” Before being known as Aave, the organization used to be EthLend but changed its name when its scope outgrew its previous targets. Much like the prior name, Avara is a Finnish word used colloquially as “to see more than you can see.” The change applies to the family of entities formerly operating as part of Aave. Aave Labs, Aave Protocol, and the AAVE token will each keep their names. The GHO stablecoin will also continue to operate under the same name. Plans for The Future Kulechov shared that a major focus for his group in recent months has been the Lens Protocol, a social network protocol for Web 3. “We really want to send a signal that we are in a time now with web3 where we’re building that interface on the existing infrastructure where people can actually interact in a way where it’s familiar to them. […] More recently, with Lens Protocol, we’ve been building virtually social, so decentralized social media, that basically any developer can actually build their applications on top.” Avara has also recently bought Los Feliz Engineering for an undi... read More



Aave V3 Markets Resume Operations Following Security Vulnerabilities

    Aave V3 markets have been unpaused by the Community Guardian, signaling the resolution of the issues that prompted the temporary measures. The move follows the execution of a governance proposal voted on earlier. Additionally, Aave V2 Ethereum is anticipated to be unpaused tomorrow, a decision accelerated due to block times on voting and operational considerations. Aave Resumes Operations Decentralized lending protocol Aave has successfully resumed operations after implementing precautionary measures earlier this month in response to security vulnerabilities. In turn, the Aave DAO expressed gratitude for the prompt action taken by the Community Guardian in unpausing affected Aave V3 markets. Affected Aave V3 markets have been unpaused by the Community Guardian following governance proposal execution. Thanks to the Aave DAO for their prompt action. For further details on the Ethereum V2 market follow the governance discussion here:https://t.co/fUXbtxjfMf https://t.co/EJW3NhY63s — Aave (@aave) November 12, 2023 On November 4, Aave temporarily paused its V2 Ethereum market and suspended assets on Avalanche, Polygon, Arbitrum, and Optimism. Other Aave markets, such as Aave V3 on Ethereum, Base, and Metis, as well as Aave V2 on Polygon and Avalanche, remained unaffected. The team temporarily halted the markets due to a reported problem with a specific feature. The pause was described as a precautionary measure following the identification of vulnerabilities. Although the s... read More



Aave V2 Operational, Will Bulls Break The 15-Month Resistance At $110?

    All Aave v2 markets are now operational, the team behind the non-custodial liquidity protocol announced in a November 13 post on X. This a day after v3 markets were unfrozen following the approval from the community. Aave is a platform where users can supply liquidity in exchange for rewards while borrowers are free to take loans while paying interest in a trustless environment. Aave v2 Markets Unfrozen, Security Is 'Non-Negotiable' In the post, Aave said the security of the decentralized finance (DeFi) protocol remains a 'priority and is non-negotiable for the community.' On November 4, Aave said they received a report 'of an issue on a certain feature.' After being validated, the protocol decided to take a step and pause the operation of their v2 markets on Ethereum. At the same time, some v2 markets on Avalanche were frozen. Even so, the v2 markets on Polygon were unaffected.  Aave also froze operations on Aave v3 on Polygon, Arbitrum, and OP Mainnet. However, v3 markets on Ethereum, Base, and Metis were unaffected.  While Aave v2 and v3 markets were frozen, the protocol clarified that users supplying or borrowing affected assets could still withdraw and repay their positions but couldn't supply or borrow more. With those markets unfrozen, they can now continue as it was before. Will Bulls Ease Past $110? The resumption of services, looking at the AAVE candlestick arrangements in the daily chart, has not impacted prices. However, the token is trading ... read More



Aave V2 Ethereum Market and Several Assets Paused — Team Says 'No ...

    The decentralized finance (defi) protocol Aave's so-called guardian said on Nov. 4 it had paused the Aave V2 Ethereum Market and frozen 'certain assets on Aave V3 on Polygon, Arbitrum, Optimism.' At the time when the update was issued, Aave said an analysis of what happened would be made available when the issue is resolved.'Temporary Prevention Measure' On Nov. 4 the guardian of Aave, the open-source and non-custodial liquidity protocol, paused the Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. It also froze assets on Aave 3 on three chains, namely: Polygon, Arbitrum and Optimism. The step, which has been framed as a 'temporary prevention measure,' was taken after the Aave team received a report concerning the protocol. Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk): - Aave (@aave) November 4, 2023 In an update shared via X (formerly Twitter), the Aave team insisted that no user funds were at risk. The update added that neither the Aave V3 markets on Ethereum, Base and Metis, nor the V2 markets on Polygon and Avalanche were affected by the reported issue. At the time when the update was issued, Aave said an analysis of what happened would be made available when the issue is resolved. 'A governance proposal to restore the normal operation of the protocol will be submitted shortly. [A] detai... read More



Aave Initiates Vote to Temporarily Disable Stable Borrows Across All Net...

    Decentralized finance (DeFi) platform Aave has taken a significant step to bolster security measures, initiating a crucial vote to disable stable borrows on all networks. This proactive move comes in response to a reported attack vector by a white hat, prompting Aave to suspend certain market operations as a precautionary measure temporarily. The platform aims to safeguard user funds and maintain the integrity of its protocol. Aave Disables Stable Borrow Rates In light of the recent attack vector report, Aave has decided to disable stable borrow rates for all assets across all pools and networks. This proposal encompasses a threefold approach. Aave will utilize the POOL_CONFIGURATOR to set the reserve stable rate borrowing to false for all assets with stable borrowing enabled on v3 pools. This step ensures that stable borrowing is temporarily halted on these pools until further notice. The POOL_CONFIGURATOR will then disable reserve stable rates on the Ethereum v2 pool, further fortifying the security measures in place. Assets that the freeze steward previously froze as a risk mitigation measure will be unfrozen, reinstating their accessibility and liquidity within the Aave ecosystem. Safeguarding Aave Markets In response to the reported vulnerability on November 4, Aave implemented immediate measures to protect its markets. These measures include the temporary suspension and freezing of affected markets. Specifically, the Aave v2 Ethereum Market and specific assets on Aave v... read More



Aave Protocol Halts Certain Market Operations Due To Bug Report

    Decentralized finance (DeFi) platform Aave has suspended operations in a number of markets after receiving a problem report on a certain function of the protocol. DeFi Protocol Discovers Vulnerability; Is User Funds At Risk? On Saturday, November 4, decentralized lending protocol Aave announced - via a post on X (formerly Twitter) that it has paused the Aave V2 Ethereum market and suspended certain assets on Avalanche. In addition, the protocol has frozen specific assets on Aave V3 on Polygon, Arbitrum, and Optimism.  Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk): — Aave (@aave) November 4, 2023 According to the protocol’s announcement, these actions serve as a temporary precautionary measure following a problem report on a specific feature.  Furthermore, Aave said in the post that the Aave V3 markets on Ethereum, Base, and Metis and the V2 markets on Polygon and Avalanche are unaffected. Meanwhile, no funds on any of the markets were at risk, according to DeFi lending protocol. On 11-04 17:38:35 UTC, Aave Guardian has taken necessary protection measurements to pause AaveV2 protocol (and all Aave pools are safe): https://t.co/3xJzfiejig Given the protocol is “forked” by multiple third parties and the exact details are not disclosed yet, it is… pic.twitter.com/OkO1EZv... read More



LINK, APT, AAVE Soar by Double Digits, BTC Flirts With $30K (Weekend Wat...

    Bitcoin kept putting the pressure on and tapped a new multi-month peak at $30,400 hours ago but has lost some ground and currently sits just under the coveted $30,000 mark. The altcoins are mostly in the green again, with LINK, APT, and AAVE emerging as today's top performers with notable double-digit price pumps. BTC at $30K Bitcoin pumped and dumped hard on Monday amid false news that the US SEC had finally greenlighted a spot BTC ETF. In a matter of minutes, the asset went up and down by around $2,000. However, the bulls didn't give up after the news was proven to be fake and kept pushing the cryptocurrency north. As such, it maintained $28,000 and started heading upward on Friday evening, which resulted in jumping above $30,000 for the first time since July. After a brief retracement, BTC went on the offensive once again on Saturday evening, which resulted in touching $30,400 - a new multi-month peak. As of now, bitcoin trades inches away from $30,000, but its market capitalization has maintained above $580 billion. Its dominance over the altcoins, though, has declined slightly, but it is still north of 51% on CMC. BTCUSD. Source: TradingView LINK, APT, AAVE on a Roll The altcoins also followed BTC on the way up during the business week. On a daily scale, most are slightly in the green once again, too. Ethereum, Binance Coin, Solana, Cardano, Dogecoin, Tron, Toncoin, Polygon, and Polkadot have all charted minor gains of up to 2%. While most other mid-cap alts are also in ... read More



This Trader Is On The Brink Of Losing Money, Will Selling WBTC On Aave V...

    A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, including Ethereum and OP Mainnet, has begun selling wrapped Bitcoin (WBTC) to repay outstanding debt, records on October 13 reveal. WBTC is a tokenized version of Bitcoin issued on Ethereum that allows holders to engage in decentralized finance (DeFi) activities. Trader Selling WBTC To Repay Debt On Aave v2 According to Lookonchain data, the unidentified trader marked with address “0x47ab” borrowed roughly $8 million worth of multiple stablecoins, including USDC, USDT, and DAI, Maker's stablecoin, on Aave v2 after depositing various assets, including WBTC, Maker (MKR), and Ethereum (ETH) worth approximately $11 million. When writing, the health factor of borrowed assets stands at 1.09, teetering close to liquidation. According to Aave’s documents, the health factor is a metric that compares the safety of collateral and borrowed loans to the underlying value. Technically, the higher it is, the safer the funds are from liquidation. If the health factor exceeds $1, deposited collateral will be liquidated to borrow outstanding loans.  Aave is a popular decentralized finance (DeFi) protocol where token holders can choose to supply liquidity and earn passive income. At the same time, users can deposit collateral and borrow overcollateralized loans, which they can repay at any time, provided the health factor is around 1. Since loans are overcollateralized, ... read More



Curve Founder Michael Egorov Completes Aave Debt Repayment: Data

    As per insightful analysis from Lookonchain, Michael Egorov, the founder of Curve DeFi network, has fully completed the payment of his remaining debt associated with DeFi lending protocol Aave. Egorov's debt repayment spree was triggered by liquidation risks last month when CRV tokens plunged in value following a massive network exploit. Egorov Settling Debts As per Lookonchain, Egororv settled the debt by depositing 68 million CRV ($35.3 million) into Silo, a non-custodial lending protocol. The cryptocurrency influencer then borrowed 10.8 million crvUSD from Curve over two days, converted it into Tether's USDT stablecoin, and promptly repaid the entire debt on Aave. Michael Egorov deposited 68M $CRV ($35.5M) to #Silo and borrowed 10.77M $crvUSD in the past 2 days. Then swapped $crvUSD for $USDT and repaid the all debt on #Aave. He currently has 253.67M $CRV($132.52M) in collateral and $42.7M in debt on 4 platforms.https://t.co/stkFvDrlnv pic.twitter.com/oBQ4yiT9Xs — Lookonchain (@lookonchain) September 27, 2023 Interestingly, reports indicate that following the deposits onto Silo, the network’s TVL reached an all-time high of $60 million. According to Lookonchain, even though Egorov paid the Aave debt, he still holds a considerable debt, about $42.7 million, in four DeFi networks. This includes a 17.1 million crvUSD debt on Silo, a 13.1 million FRAX debt on Fraxlend, a 10 million DOLA debt on Inverse, and a $2.5 million combined USDC and USDT debt on Cream. How... read More



Curve Founder Michael Egorov Clears Aave Loan, Reduces Total Debt To $42...

    Michael Egorov, founder of Curve Finance, has settled his loan on the Aave Protocol and cut his total debt to $42.7 million.  Egorov’s DeFi debt profile was revealed on August 1 following a Curve Finance hack that extracted $73.5 million worth of assets across various liquidity pools.  As expected, the exploit caused a significant decline in the price of CRV, with the Curve governance token losing over 24% of its value in a single day, based on data from CoinMarketCap. This fall in CRV’s market price brought much attention to Egorov’s multiple debt positions.  According to a report by blockchain research firm Delphi Digital, it was revealed that the Curve Finance founder owed around $100 million across several DeFi protocols. Interestingly, these loans were collateralized by 427.5 million CRV tokens, representing 47% of the entire CRV circulating supply.  Therefore, the dwindling price of CRV presented a threat of liquidation, which could have been dangerous to the entire DeFi ecosystem.  Michael Egorov Closes Debt Profile On Aave Protocol According to a report on Wednesday by the on-chain analytics platform Lookonchain, Micheal Egorov has now cleared his debt on the Aave protocol.  The report stated that the Curve Founder deposited 68 million CRV, worth $35.5 million, on DeFi lending protocol Silo before proceeding to borrow $10.77 million worth of the stablecoin crvUSD. After that, Egorov swapped the crvUSD tokens for USDT an... read More



Curve Impressively Adds 22% As Founder Sells CRV To Repay Aave Loan

    CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week. When writing on August 3, CRV is trading at $0.59, rising double digits after dropping to $0.48 on August 1 following a damaging hack that saw liquidity providers in several pools lose funds.  Whales Stepping In To Buy CRV This recovery is attributed primarily to strategic actions by notable crypto whales who have stepped in to mitigate risks on DeFi should CRV prices continue to tank. Meanwhile, Michael Egorov, the founder of Curve and one of the largest CRV holders, has been actively unloading tokens in the secondary market. Egorov is selling to whales like Justin Sun, the founder of Tron, and other venture capitals and decentralized autonomous organizations (DAOs). The founder held around 292 million CRV and used a big percentage to back his loans. On-chain data indicates that on August 2, Egorov sold 3.75 million CRV tokens to Yearn Treasury and another 1.25 million CRV tokens to Stake DAO Governance via the over-the-counter (OTC) market. Egorov has, overall, sold 59.5 million CRV to various institutions and investors, yielding approximately $23.8 million. These OTC sales are at significant discounts, reflecting the founder's efforts to stabilize CRV prices and prevent further contagion. The July 30 hack saw attackers steal fund... read More



Aave Launches GHO Stablecoin on Ethereum Network

    Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3).Aave's Dollar-Pegged GHO Token Goes Live on Ethereum This week, on July 14, 2023, Aave's community approved a governance proposal, swiftly followed by the much-awaited launch of the stablecoin GHO on the Ethereum network. GHO, initially announced in July 2022, had a test run on Ethereum's Goerli testnet in February 2023. In line with the information from the Github repository, the newly debuted stablecoin, and its affiliated smart contract underwent multiple audits. Currently, GHO is relatively insignificant when compared with the top ten heavyweights of the stablecoin world, especially when considering circulating dollar-pegged coins. The circulating supply of GHO stands around 2,510,269 tokens, representing a meager 0.0016% of the overall $127 billion stablecoin economy. At 12:20 p.m. Eastern Time on Sunday, GHO hit a trough at $0.9813, yet so far, it has generally maintained its peg to the dollar. Emulating numerous stablecoin assets, individuals can gather interest with Aave's freshly debuted GHO stablecoin. Users who stake the AAVE token are also rewarded with an extra 30% discount on current GHO borrowing rates. Thus far, there are approximately 234 GHO holders, and since the mainnet inception, a total of 893 transactions have b... read More



Aave Stablecoin GHO Launches to Mainnet on Ethereum

    Over the weekend, the Aave DAO successfully launched the GHO stablecoin on the Ethereum mainnet. The dollar-pegged stablecoin was proposed in July 2022 as a way to allow users to mint GHO by supplying crypto collateral to Aave v3 in a similar system to MakerDAO’s DAI. The Aave DAO has successfully launched @GHOAave on the Ethereum Mainnet. Congrats to the Aave community on this historic moment! pic.twitter.com/Br3QGqMU8X — Aave (@AaveAave) July 15, 2023 $2.2 Million GHO Minted The team said GHO was slightly different from other stablecoins because repaid interest on it is redirected to the Aave DAO treasury, adding: “This supports the sustainability of the protocol and the ongoing development of new features.” It added that AAVE token stakers would get a discount for minting GHO. According to the official website, 2.2 million have already been minted on Ethereum. However, at the time of writing, the stablecoin was trading just below its peg at $0.992, according to CoinGecko. Aave explained that minting GHO requires “Facilitators” that are approved and governed by Aave Governance. “Governance-approved facilitators will be able to mint up to a specified amount of GHO agreed upon by the DAO,” it added. Furthermore, the multi-collateral token can be minted with any collateral on the Aave v3 protocol. Aave’s native token of the same name was trading flat on the day at $77.51 but has gained 10% over the past week. GHO is enter... read More



Aave Token Holders Vote on Proposal Seeking Conversion of 1.6K ETH From ...

    A new Aave proposal took place to decide the fate of $3 million in the protocol's treasury. The holders of the Aave tokens will be voting on a governance proposal on whether 1,600 Ether, worth around $3 million, in the DeFi protocol treasury will be converted to wrapped staked ether (wstETH) and rocket pool ether (rETH). The proposal, created on July 3rd, has received 252,152 affirmative votes out of a required 320,000 at the time of publication. Aave token holders have until July 7th to vote. For the uninitiated, wrapped Staked Ether (WETH) and Rocket Pool Ether (rETH) are examples of staking derivatives that enable market participants to earn staking rewards. 'Aave DAO currently holds 1,786.51 awETH (v2) and 104.548 units of ETH in the Collector Contract. The awETH deposit yield in Aave v2 earns 1.69%, relative to 3.8% with wstETH and 3.13% with rETH. This AIP converts all the unproductive ETH balance, along with aWETH (v2 and v3) into the same amounts of wstETH and rETH.' Aave's native token, AAVE, has recovered significantly alongside the broader digital assets market over the past three weeks. It was up by more than 22% over the past week alone and was currently trading at $74.95. According to the latest data compiled by DefiLlama, Aave's TVL increased by nearly 60% from $3.74 billion in January to the press time value of $5.98 billion. While the recovery has been notable, Aave'a TVL was down by nearly 70% from its ATH of nearly $20 billion in October 2021. The post ... read More



COMP, MKR, AAVE Soar Triple Digits Weekly, BTC Loses $31K: Weekend Watch

    Bitcoin's endeavor above $31,000 seems to be short-lived, at least for now, as the asset has retraced to just under that level. Most alts are also slightly in the red on a daily scale, but the weekly charts are a whole different story for assets like COMP, MKR, AAVE, and others. BTC Below $31K Again Bitcoin went through a highly-volatile trading day last Friday when it plummeted from over $31,000 to a 10-day low of $29,500 in minutes. This came after a report suggesting that the US SEC deemed the recent spot Bitcoin ETF filings as 'inadequate,' which was regarded as a sign that the regulator could turn them down again. However, the bulls intercepted the move and didn't allow any further nosedive. BTC went back on the offensive and reclaimed the $30,000 line almost immediately. The weekend was calm, with the cryptocurrency remaining stuck at around $30,500. Monday didn't provide any fireworks, but bitcoin finally initiated a leg-up on Tuesday that drove it to $31,250 for the third time within a week or so. However, the asset failed to overcome decisively the $31,000 level and currently sits just below it. As such, its market cap has dipped below $600 billion, while its dominance over the alts stands still at 49.6%. BTCUSD. Source: TradingView COMP, MKR, AAVE on the Rise Weekly Most altcoins have mimicked BTC's 24-hour performance and have turned red. Ethereum and Binance Coin are down by just over 1% to under $1,950 and $245, respectively. Ripple, Cardano, Polkadot, Polygon, a... read More



AAVE Explodes 25% Daily, ETH Pushes Above $1.9K (Market Watch)

    The cryptocurrency market has managed to maintain positive momentum going into the weekend, with the majority of coins holding their gains through the diminished volatility and trading volume. Bitcoin Price Fighting for $31K Bitcoin's price pushed above $31K on Friday but was unable to maintain above that level. It subsequently retraced, but it appears that bulls are now preparing for another attempt. The price is up slightly over the past 24 hours and is trading slightly below $31K as seen in the chart below. Source_ TradingView It's also apparent that Bitcoin is consolidating through the past couple of days, following the major move toward $30K and $31K, respectively. This could suggest that there's another period of volatility coming. AAVE Explodes 25% Daily The majority of the altcoin market has remained relatively flat throughout the day, charting either slight gains or slight declines but nothing too serious, as seen in the heatmap below. Source: Quantify Crypto Of course, there are some exceptions. The most notable one is AAVE, which exploded by over 25% throughout the past 24 hours. This move also brings the cryptocurrency's total weekly gains above 40%, making it one of the best performers altogether. Synthetix Network (SNX) is also doing brilliantly. It's up by almost 20% during the day and 25% during the week. On the other end of the spectrum, Kaspa (KAS) is trading for a 5% loss, followed by Render (RNDR), which is down 4% for the day. It's also worth mentioning t... read More



Curve Founder Repays 1.3M USDT of Aave Loan to Reduce Liquidation Risk: ...

    A wallet linked to Michael Egorov, the founder of decentralized exchange (DEX) and automated market maker protocol Curve, has reduced its on-chain debt by repaying 1.35 million USDT of a loan on the decentralized lending platform, Aave. Egorov’s move comes as Curve’s native token (CRV), used as the loan’s collateral, significantly declined in the past week, reducing the loan’s health factor and increasing the liquidation risk. Egorov Returns 1.3M USDT to Aave Egorov started borrowing stablecoins on Aave in April. Data from blockchain analytics platform Debank shows that the Curve founder has deposited 288.7 million CRV tokens worth $173 million on Aave to borrow about 64 million USDT in an open position. The CRV tokens represent roughly 34% of the asset’s total supply. Analysis from blockchain sleuth Lookonchain revealed that Egorov sent $37.7 million worth of USDT to crypto exchange Bitfinex, while $51 million in USDC was sent to market-making protocol Wintermute Trading. Three days ago, the open position had a health rate of 1.68. However, at the time of writing, the health factor was at 1.58 due to the declining value of CRV, which has plummeted by more than 20% in the past seven days. Data from CoinMarketCap shows that the asset was trading at $0.60 as of press time. The collateral will be automatically liquidated if the health rate drops below 1.00. Egorov was forced to return some USDT tokens to curb the liquidation risk. Community Reacts T... read More



Aave Considers Freezing BUSD Following NYDFS Enforcement

    Members of the Aave community – a widely used decentralized lending protocol – are mulling a freeze on BUSD after a wave of regulatory pressure against its issuer, Paxos, on Monday. A newly tabled governance proposal would freeze Aave’s BUSD reserve on its Ethereum market beginning in April, only allowing users to burn BUSD tokens for their underlying value.  Abandoning BUSD The proposal in question was tabled by Marc Zeller – an Aave community member and founder of the Aavechan protocol delegate – on Monday. He argued that BUSD has “no real prospect of growth,” and that without the opportunity to mint new tokens, continuing to use it “might hurt peg arbitrage opportunity and asset peg.” “It seems that the most reasonable path for Aave is to freeze this reserve and invite users to switch to another stablecoin among the diversity present in Aave,” he suggested.  BUSD is a stablecoin issued by Paxos that is backed 1:1 by U.S. dollars. Stablecoins are blockchain-based tokens price-pegged to traditionally price-stable assets, such as fiat currencies, to circumvent the volatility typical of other cryptocurrencies. They have a critical presence in the decentralized finance ecosystem, acting as a backbone for lending and trading markets.  On Monday, Paxos announced that it would stop minting new units of BUSD starting February 23, following orders from the New York Department of Financial Services (NYDF... read More



Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source...

    Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK.Aave Invites Programmers to Test GHO Before Mainnet Deployment On Thursday, Aave Companies announced the launch of its native stablecoin GHO on the Ethereum Goerli testnet. The company also released the open-source codebase on Github. The developers of Aave are inviting programmers and prospective integrators to begin testing GHO as it prepares for deployment on the Ethereum mainnet. Three audits conducted by Open Zeppelin, Sigmaprime, and ABDK focused on the deployment of GHO. Upon its launch on the Ethereum mainnet, GHO will be similar to Makerdao's DAI token in that it will be overcollateralized and pegged to the U.S. dollar. Aave Version 3 (V3) does not permit flashloaning of the stablecoin. The community is being asked to consider adding a second facilitator, 'Flashminting,' at launch to address this issue. It’s GHO time! @GHOAave is now on Ethereum’s Goerli Testnet! https://t.co/cM58b6qSBa pic.twitter.com/xueGERoqnw — Aave (@AaveAave) February 9, 2023 Flashminting will enable Aave users to create GHO in a single transaction, similar to flashloans, but without borrowing from a pool. An audited codebase for the Flashminter Facilitator software is available, and the decision to include i... read More



Is AAVE Price Close To Breaking Consolidation?

    The AAVE price has recovered considerably since the beginning of the month. The coin was hovering around the $50 mark at the beginning of January and breached $90 very recently. It secured close to 70% appreciation. At the moment, AAVE is trading laterally on its chart. In the last 24 hours, the coin fell by 0.9%, thereby confirming consolidation. The coin started to lose steam as the altcoin failed to cross the $91 price mark. The technical outlook depicted that the coin was still on the bullish side. After a fall in accumulation over the last few days, the chart noted an uptick in demand at press time. This indicated that AAVE might be eyeing a break in its price consolidation. Over the last two weeks, the coin's price has fluctuated between $70 and $90, with the altcoin primarily trading above the $84 mark. The altcoin depicted that the buyers were starting to rise again, which might push demand up and help AAVE break its immediate resistance. At the moment, AAVE is trading 88% below its all-time high secured in 2021. AAVE Price Analysis: One-Day Chart Aave was trading at $82 at the time of writing. The journey from $52 to $85 was smooth, after which it took AAVE some time to cross the $90 price level. Over the past few weeks, AAVE has broken past essential resistance levels. Immediate resistance for the coin stood at $85; a move above that level may help the altcoin reach $90. On the flip side, support for the coin stood at $80 and $76, respectively. As demand rises, a ... read More



AAVE Seeks Proposal To Clear Itself Of Bad Debt – Can It Overcome ...

    The lending platform AAVE has been enjoying positive news lately. According to reports, AAVE has passed a governance proposal that would eradicate all bad debt it accumulated when Avraham Eisenberg, orchestrator of the Mango Markets exploit, targeted the platform’s Ethereum V2 liquidity pool back in November 2022.  However, the governance token of the platform, AAVE, has not responded either positively or negatively. According to data from CoinGecko, the token registered losses in the daily and weekly time frames. But these losses are too miniscule to revert the token’s gains from the start of the year.   With the launch of AAVE’s V3 on its mainnet, the crypto might be in a position to tally new highs if the situation permits it.  The Gist Of The Proposal & On-Chain Developments Based on the proposal, the token has over 2,677,749 units of CRV in debt on its Ethereum V2 CRV reserve. This is worth, at the date of the proposal, over $2.5 million. The proposal would use V2’s stablecoin reserve to buy the necessary number of units of CRV to pay the debt. This obviously was accepted by the community positively, being implemented immediately by January 25th. This would reverse the damage of the exploit attempt, proving the liquidity of the protocol.  The deployment of AAVE’s V3 on Ethereum was also implemented. According to DefiLlama, the crypto is in the top 4 among all platforms. AAVE V3, the Ethereum pool deployment, has ove... read More



Aave V3 Is Live On Ethereum, TVL Up 24% In One Month

    Aave V3 is now live on the Ethereum mainnet. With this upgrade, WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE are the only supported assets.  Aave V3 Improves Capital Efficiency Stani Kulechov, the co-founder of Aave, said V3's flexible design introduces new ways of mitigating risks, reducing gas costs, and improving capital efficiency, all while ensuring better liquidity decentralization. Aave Protocol V3 is now live on the Ethereum market ”The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, and its improved capital efficiency & decentralized liquidity – all while reducing gas costs.” @StaniKulechov pic.twitter.com/QsSnnlhEMr — Aave (@AaveAave) January 27, 2023 This upgrade came after the Aave community delayed the upgrade. Then, Aave developers assessed that immediately improving V2 Pools to V3 would not have yielded the desired level of compatibility with other Aave V3 pools running on Avalanche, Polygon, and Ethereum layer-2 platforms. The current Aave V3 on Ethereum has been reworked. It is negligibly complex and more compatible with other Aave V3 pools outside of Ethereum. The transition to Ethereum, expanding Aave's presence in top blockchains, didn't immediately affect its total value locked (TVL). Data show that it is 2% lower in the past 24 hours. However, TVL is up 24% in the last month, rising to $4.56 billion as of the time of writing on January 27, according to data... read More



Aave Price Surges As V3 Cloud Upgrade Draws Near

    Amid the ongoing rally in DeFi TVL, we’ve seen positive news and innovation popping up from the ecosystem. As the Aave protocol V3 cloud upgrade draws near, its native token, Aave, has skyrocketed since the beginning of this year, reaching higher highs for the first time in the last few months.  Aave is an open-source liquidity protocol and its upcoming V3 cloud launch is just one of the protocols pending plans yet to be initiated. An Aave supporter with the Twitter handle @0x4Graham disclosed the upcoming upgrade launch.  According to crypto reporter Collins Wu, the V3 upgrade will introduce cross-chain asset functions, community contribution tools, and a gas optimization model on the Aave protocol. Aave Price Surges Nearly 37% In 7 Days As the v3 cloud upgrade draws near, Aave’s native token has spiked in price by 36.5% in the past 7 days, following suit with other crypto and DeFi tokens surging in the market. Besides that, the past few weeks have seen Aave printing a bullish trend, in which the chart indicates anticipation before a significant move.  Aave began the year with a ranging price of $50, and so far, the token has spiked to above $80 following the disclosure of the v3 cloud upgrade. Moreover, not only is the Aave token surging, but the protocol’s TVL has also done some significant rallies to the upside over the past weeks.  Currently, Aave protocol has a cumulative TVL of $4.5 billion, up by 21% in one month. The protocol h... read More



Aave Freezes Multiple Lending Markets Citing Volatility Concerns

    The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity. The 17 frozen assets include various defi tokens that are competitors to AAVE, such as Compound (COMP) and Curve Finance (CRV). On Sunday, Aave passed a near-unanimous governance vote to disable the markets, with only two votes against, and over 500,000 in favor.  In total, Aave’s frozen market list included the following: YFI, CRV, ZRX, MANA, 1inch, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL, and MKR.  Among those, 5 are dollar-pegged stablecoins, including sUSD, Pax Dollar (USDP), Liquidity USD (LUSD), Gemini Dollar (GUSD) and RAI. The motion was proposed to mitigate risk “given that the market situation of these assets is currently volatile.” Earlier this month, Aave faced a $60 million short attack on its CRV pool using USDC as collateral.  The attacker happened to be Avraham Eisenberg, the same person who exploited Mango Markets for $117 million in October, and who defended his actions as ethical in an uncensored interview.  Eisenberg ultimately failed in this attempt and lost $10 million in the process. Nevertheless, the financial modeling platform Gauntlet called for freezing certain Aave markets in the aftermath as a precaution.  “The Aave ecosystem was built with a number of mechanisms that the Aave community can deploy to cover event... read More



Aave Price Recovers Back To $57, But Threat Of New Attack Looms Over Pro...

    The Ethereum-based decentralized finance (DeFi) protocol Aave suffered an attack led by Avraham Eisenberg. The controversial individual was behind a sophisticated run against Mango Markets. The run has been called an attack by some and a clever strategy by others.  Aave (AAVE) trades at $57 with a 7% and 36% loss in the last 24 hours and the previous week, respectively. Curve Finance’s native token CRV was also part of the attack. This token has seen significant selling pressure in the short term but has been trending to the upside over today’s trading session.  AAVE's price moving sideways after a downside trend on the daily chart. Source: AAVEUSDT Tradingview Orchestrating An Attack On Aave, First Attempt? Rudy Kadoch, founder of the portfolio management project Nested, summarized yesterday’s event and the “Bad Debt” attack on Aave. According to this report, Eisenberg borrowed $83 million of CRV and used $50 million of stablecoin USDC as collateral on the decentralized finance platform.  Eisenberg published the thesis that supported this strategy in October 2022 via his Twitter account. It was public, and his objectives were perfectly outlined: to leverage his initial capital to influence the price of an illiquid token, such as CRV or Ravencoin (RVN), in hopes of creating “bad debt,” an excess liability assumed by the protocol.  Check out recent activity in the @CurveFinance $CRV pools on @AaveAave V2! Over the... read More



How Aave Helped JP Morgan Complete Its First DeFi Transaction

    Legacy financial institutions are embracing crypto and decentralized finance (DeFi), and the Ethereum-based protocol Aave is proof. Today, the team behind the protocol announced that banking giant JP Morgan Chase completed its first DeFi transaction. 5/5 @jpmorgan transacting on a public blockchain using Aave smart contracts is a huge milestone for DeFi, and represents a massive step towards bringing traditional financial assets into DeFi, to fully realize the opportunities afforded by smart contract based dApps. — Aave (@AaveAave) November 2, 2022  This represents a major milestone for the sector that continues to see high demand and adoption despite the downside trend in the crypto market. Two years ago, the total value for the DeFi sector, as measured by the total value locked (TVL), was less than $5 billion. In a short period, this metric will increase by over 20-fold, reaching an all-time high of around $170 billion by 2021, according to data from DeFi Llama. Today’s milestone marks a new era for the nascent sector and digital assets. DeFi sector TVL at its high. Source: DeFi Llama Aave Supports Major JP Morgan Transaction According to the official announcement, JP Morgan leveraged a “modified” version of the Aave protocol. Due to its higher scalability, the project used Ethereum’s second-layer solution, Polygon. The team behind the protocol said: The Aave protocol was utilized by involving the supply and borrowing of tokenized forei... read More



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