Aave

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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DeFi Blue Wave is Sweeping Over Losses

There’s a blue wave and we’re not talking about US politics; it’s the latest meme making the rounds in DeFi as tokens with blue logos are rallying ahead of the rest this month: That’s AAVE, YFI and SNX up at least 50% just in the past 10 days. Image Source: CoinGecko Top Gainers DeFi tokens …

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Traders Are Eager to Make the LEND to Aave Switch

On-Chain Markets Update by IntoTheBlock DeFi lending protocol Aave started the migration from the LEND utility token to its new AAVE governance token. The migration had originally been proposed in the Aavenomics token economics upgrade paper and was recently approved through governance with 100% of addresses voting “Yae”, or in favor of the proposal. LEND …

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