Aave

Aavegotchi NFT

Aavegotchi NFT Drop Sells Out in Under One Minute

Aavegotchi, a DeFi game revolving around digital “fren” avatars similar to Tamagotchi, sold out of their first drop of 10,000 NFTs in under one minute. Including additional sales of “wearable” and “consumable” NFTs that players can use on their Aavegotchi, collectors bought $5.5M worth of tokens. The Aavegtochi NFTs came in the form of “Portals,” …

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Aave Defies Expectations But May Be Getting Overheated

Aave continues to surpass expectations from an investment standpoint and in terms of progress in the underlying protocol, but on-chain data shows holders may be preparing to take profits. Aave recently achieved over $5 billion in total value locked, becoming only the second protocol to achieve this feat. Having nearly doubled in TVL within a …

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Aave’s aTokens are Latest DeFi Lego Heading to Layer 2

Hot on the heels of Synthetix’s launch of staking services on Layer 2 provider Optimism, Aave has shipped its own iteration of a scaling solution. With the launch, Aave’s aTokens, minted when users deposit digital assets into the lending protocol, can now be ported to the Matic Network, a version of the Layer 2 solution, …

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Aave Aims for a Seamless DeFi With Flash Loan-Driven V2

Aave’s Aims for a Seamless DeFi With Flash Loan-Driven V2 Aave, the third-largest DeFi lending protocol by assets, today unveiled its V2 revamp, where it leverages flash loans to make DeFi more seamless and composable. Aave’s V2 includes several enhancements of its lending products, many of which are powered by flash loans. Flash loans don’t …

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Aave Governance Picks Up Steam With Two New Proposals

Aave yesterday posted two new governance proposals for its lending protocol,  the fourth largest in DeFi with more than $1.3B in deposits, one of which may lead to an increased pool of assets to be managed by token holders. The first – AIP2 – proposes to take protocol fees collected from Aave V1 to seed …

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