The popular Aave DAO platform has successfully launched its own decentralized stablecoin, GHO, on the Ethereum mainnet. Minting the stablecoin with a wide variety of collateral assets kept inside the Aave Protocol is part of its effort to improve user visibility. By including such an asset, Aave hopes to provide
Today, several cryptocurrencies have experienced notable price surges,adding to the overall market cap surging over 0.93%. Each of these top gainers has seen varying degrees of growth and recovery in the market. Let’s take a closer look at their performances and reasons behind their price fluctuations. Top Gainers : Bitcoin
The crypto market has continued to capture the attention of investors with its rapid growth and global acceptance. The crypto market has experienced a new trend of 2.0 version memecoins. These cryptocurrencies were showing a massive surge in a short period of time. Some cryptocurrencies have emerged as top performers,
In today’s crypto market, Defi tokens have showcased exceptional performance. It is currently outshining in the ever-evolving landscape. Over the past two weeks, the total market capitalization of DeFi has witnessed a remarkable 15% increase, soaring from $41.5 billion to $47.8 billion. Aave, Uniswap, Stacks, and Synthetix have been the
While the crypto market is performing relatively dull, the decentralized lending protocol Aave is showing the most promise among altcoins. At the time of writing, the current price of Aave is $75.17, reflecting a meteoric 32.60% increase over the last 24 hours. Over the last month, the coin’s value has
In the last 24 hours, there have been reports indicating that a significant amount, equivalent to 25,000 stETH or approximately $43 million, was deposited by a whale into the Aave platform. Additionally, during the same period, borrowed a substantial amount of 35 million USDT from Aave. Furthermore, according to the latest
Aave’s recent posting of its ARFC (Aave Request for Comments) proposal on the governance forum is a major step forward for decentralized finance (DeFi). GHO, a native stablecoin, is proposed in this white paper for use on the Ethereum mainnet. Moreover, this user-focused effort allows anyone to mint GHO tokens
On April 13, cybercriminals exploited a flaw in Yearn’s USDT token, yUSDT, to steal $11.2 million from the Aave V1 and an earlier version of the Yearn Finance protocol. One of the initial lending and borrowing protocols on DeFi, Aave allows users to earn yield by depositing cryptocurrency and borrowing
Aave has announced the launch of their native stablecoin, GHO, on the Ethereum Goerli testnet. Stablecoin, whose name is pronounced “GO,” is completely decentralized and entirely collateralized. The Aave Protocol’s system of minting via collateral guarantees that the oracle price of GHO will be pegged to the dollar at all
Aave’s integrations lead Marc Zeller said in a post on January 26 that the company has bought 2.7 million Curve (CRV) tokens, which will settle “excessive remaining bad debt” in a dozen transactions over the following 15 hours. The decision was made when Aave Improvement Protocol (AIP) 144 was approved
