Amid a surging DeFi market, the Aave protocol is facing a significant uptick in high-risk loans, raising alarms among investors and analysts alike. According to a recent report by data analytics firm IntoTheBlock, the volume of these risky loans on Aave is nearing critical levels, with collateral values perilously close
While Cardano (ADA) grapples with significant support levels, its ability to rise remains promising, dependent on overcoming existing resistance barriers. Concurrently, despite market corrections affecting the broader scope, Aave witnessed an uptick last week. However, the appearance of a bearish candlestick pattern suggests another potential downturn. Amid these fluctuations, BlockDAG
DeFi lending protocol Aave announces its plan to release version 4 (V4) by mid-2025, proposing multiple upgrades through the ‘Aave 2030 Roadmap’ on Wednesday. Through V4, the protocol introduces a new “independent and abstracted” architecture to boost efficiency in managing liquidity, capital, and risks for users. To highlight, a ‘Unified
Q1 2024 was a frenzy period for cryptocurrencies. Bitcoin, the leading crypto asset, crossed the $70k mark to set a new all-time high (ATH), prompting experts to predict an imminent $100k sooner rather than later. While Bitcoin was bullish, several Altcoins, including DeFi projects and meme coins, joined the race.
There has been talk of a potential vote by Aave Chan Initiative founder Marc Zeller to activate a “fee switch” on the Aave DeFi (Decentralized Finance) platform. The Aave DAO’s yearly net gains are about $60 million, and Zeller’s article on X hinted at some thoughts that it may influence
After uncovering an issue in one of its features, the DeFi lending protocol Aave immediately shut down a number of markets. On November 4th, the problem was discovered, affecting many networks and certain assets on the Avalanche and V2 platforms. Additional safeguards on the Polygon, Arbitrum, and Optimism networks have
Amidst a crypto market dominated by bears, the global cryptocurrency market cap stands strong at $1.09 trillion. In the past 24 hours, a minor surge of 0.27% has occurred, reflecting a notable shift of 6.62% from a year ago. While Bitcoin (BTC) asserts its authority with a market cap of
On August 9, PeckShield, a blockchain security company, announced new vulnerabilities affecting DeFi initiatives. The company claims that a reentrancy assault affected Aave’s Earning Farm, leading to the loss of at least $287,000 in Ether. A reentrancy attack occurs when an attacker repeatedly submits and withdraws a money request in
The proposal to prohibit further CRV borrowing was supported by 100% of the Aave community. The community has been advised by risk management company Gauntlet to avoid the liquidation risk of Curve Finance founder Michael Egorov’s debt, which might cause a ripple effect and perhaps a DeFi meltdown, by prohibiting
In a devastating blow to the decentralized finance (DeFi) ecosystem, several projects utilizing Vyper— an alternative programming language for Ethereum smart contracts, suffered significant losses, with attackers making off with over $47 million. The incidents occurred on July 30, targeting stable pools on Curve Finance, an automated market maker platform.
