Aave Replaces MakerDAO As Second-Largest DeFi Protocol by TVL, While Maker Co-Founder Accumulates MKR Tokens
Aave has overtaken MakerDAO as the second-largest DeFi protocol in terms of total value locked (TVL), according to DefiLlama data. This is due to a 15% drop in Maker's TVL since March 10, caused by the collapse of Silicon Valley Bank, the depeg of USDC and its DAI stablecoin, and a fall in DAI supply rates.
Aave Algorithmic Stablecoin GHO Has Realized $2.19 Million in Minted Value in Less Than 24 Hours after Release
According to DeFiLlama, DeFi Protocol Aave officially launched its algorithmic stablecoin, GHO, on the main EtherNet on July 16, and has already minted $2.19 million worth of GHO.The GHO stablecoin is currently available to the public, and anyone can mint GHO using the assets they have offered as collateral on the Aave Protocol V3 EtherNet marketplace to ensure that GHO is over collateralized by multiple assets.
Crypto Trader Earns $427,000 in 30 Days Trading DeFi Tokens
A crypto trader has made a profit of $427,000 in just one month by investing in the native tokens of major DeFi projects, including UNI, LDO, and AAVE. The trader did not trade memecoins, but instead capitalized on the bull run of crypto assets during the past month.
Curve has Launched the GHO/crvUSD Liquidity Pool
According to Curve, Curve has launched the GHO/crvUSD liquidity pool, with a total liquidity of approximately $300,000 as of the time of writing.
5 Decentralized P2P Lending Services for Borrowers and Investors on the Ethereum Blockchain
Peer-to-peer lending has become a popular alternative to traditional banking, allowing borrowers and investors to connect directly without intermediaries. This article highlights five decentralized P2P lending services, including Aave, which offers flash loans, and Compound, which uses an algorithm to modify interest rates based on asset availability and demand. MakerDAO is known for its stablecoin, DAI, and its decentralized governance architecture, while dYdX provides borrowing and lending features for derivatives trading. Fulcrum, powered by bZx, offers seamless integration of lending and margin trading services and uses decentralized governance through its native token.
AIP to deploy GHOAave on the Ethereum Mainnet is Now Live
According to Aave team, The highly anticipated AIP to deploy @GHOAave on the Ethereum Mainnet is now live. Voting opens in 24 hours.
Aave DAO Approves $2 Million Token Swap for BAL-WETH Liquidity Pool Tokens from Balancer
The Aave community has agreed to a $2 million token swap with Balancer, a decentralized exchange protocol, as part of its diversification strategy. The swap will involve 310,000 BAL and 326 units of wrapped ether from Aave's treasury, which will be converted into B-80BAL-20WETH. CowSwap's Milkman protocol will be used to minimize risks during the swap. The objective of the swap is to attract more liquidity to Aave's Balancer pools, potentially leading to increased revenues from enhanced yields. Aave has also recently approved the conversion of 1,600 ETH from its treasury reserves into staked ether and rocket ether.
Gauntlet takes another shot at Curve Founder’s $64m Loan on Aave
According to DL News, Gauntlet's risk simulation platform has identified an opportunity to modify risk parameters, including Loan To Value, Liquidation Threshold, and Liquidation Bonus across 6 assets on Ethereum v3, Arbitrum v3 and Ethereum v2.
Lending Protocol Aave Released the “Aave V3 Deployment on Linea Testnet” Vote Has Been Approved by 99.98%
The lending protocol Aave released a vote to deploy Aave V3 on the Linea test network as a transition to the upcoming main network deployment, and has currently received 99.98% approval. Linea is a scalable L2 network based on Ethereum, driven by the zkEVM technology stack incubated by Consensys, designed to support a broad ecosystem and cooperate with products such as MetaMask, Infura and Truffle.
Lookonchain: In the Past 2 Weeks, 4 Giant Whales Purchased About $3.63 Million in AAVE and Pledged It to Aave
According to Lookonchain monitoring, in the past 2 weeks, 4 giant whales bought more AAVE and pledged to Aave. They bought a total of 53,208 AAVEs (approximately $3.63 million) at an average price of $68.24.
