AAVE – Here's what spot traders, whales are up to and the impact on price
AAVE is likely to establish a new high as more liquidity pours in.
Keep up with what's happening in the crypto world in real-time.
AAVE is likely to establish a new high as more liquidity pours in.
TL;DR Aave integrates Chainlink Smart Value Recapture (SVR) on Ethereum to recapture the MEV associated with loan liquidations in DeFi protocols. The SVR solution allows DeFi protocols to recover value lost in block building, improving the DeFi economy in a sustainable and transparent way.
The Aave community has voted to allow the adoption of Chainlink's Smart Value Recapture feature as the protocol looks to reclaim millions in maximum extractable value lost to oracles.
Decentralized finance protocol Aave has integrated Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with this coming on the back of a community vote. The integration is an initiative of Chainlink and Aave (AAVE) ecosystem contributors BGD Labs, and Aave Chan Initiative, according to an announcement.
The Aave DAO community has formalized the integration of Chainlink Smart Value Recapture (SVR) on the Ethereum mainnet, with the goal of recovering the value extractable from oracles (Oracle Extractable Value, OEV) related to liquidations and converting it into a new source of revenue for the protocol. The decision, confirmed by an on-chain vote, marks a turning point for decentralized finance (DeFi), ushering in a sustainable model that reintegrates into the system the value technically lost during liquidation operations.
The crypto market dipped into the red over the past 24 hours as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap dropped to $2.86 trillion.
This week, several significant events are poised to impact the crypto market. The new SEC chair ascension, developments in Ethereum's Pectra Upgrade, and new ecosystem developments have the crypto space buzzing with anticipation.
AAVE could be a focal point for traders this week.
The crypto market dipped back into bearish territory as prominent cryptocurrencies, including Bitcoin (BTC), registered notable declines. BTC reached a high of $86,444 as markets rallied.
A poorly timed trade cost a crypto whale $10.9M in potential profits, even as they secured $1.8M from their transactions.
Many cryptocurrency projects such as Aave, dYdX, Jupiter, and Hyperliquid have recently announced token buyback mechanisms.
Aave Chan Initiative (ACI) founder Marc Zeller, has said that the proposal to revamp the Aave protocol tokenomics has passed the quorum. In a post on X, he noted that implementation of the Aavenomics could start this month.
Aave v3 has launched on Celo, expanding DeFi access to Celo's mobile-first users and opening the platform to broader user growth.
The Aave deployment on Celo allows builders and users globally to borrow, lend, and earn yield with “sub-cent” transaction costs and one-block finality. The post Aave V3 is Now Live on Celo appeared first on Cryptonews.
Aave Labs confirms no new token will be issued for Horizon, its initiative to integrate real-world assets into DeFi, maintaining $AAVE as the primary governance and utility asset. The post Aave Confirms No New Token for Horizon, Only $AAVE appeared first on Cryptonews.
Smart money investors have sold some popular cryptocurrencies during the ongoing crypto bear market. At the same time, on-chain data shows that these smart money pros are buying the dip in some cryptocurrencies.
TL;DR Aave DAO rejects the new token proposal for its Horizon initiative, emphasizing the commitment to preserving the value of the existing AAVE token. The Horizon initiative aims to integrate real-world assets into DeFi, facilitating institutional participation through tokenized money market funds.
Aave Labs founder Stani Kulechov has confirmed that no new token will be created for Horizon, Aave's initiative to integrate real-world assets into decentralized finance. According to Kulechov's Mar.
The proposal hinted at a potential 15% token allocation to Aave DAO, raising concerns about diluting the existing AAVE token's value.
The Aave DAO has reached a consensus. According to Aave Labs' CEO, the DAO is not currently looking to invest in tokens other than AAVE.
After a big surge in price last week, AAVE coin has seen a bit of a drop, but it's still the leading lending protocol in the crypto industry.
Aave Labs launched the Horizon initiative on Thursday targeting institutional investors with products centered on tokenized real-world assets (RWAs) to bridge decentralized finance (DeFi) and traditional financial systems.
Leading DeFi protocol Aave has announced plans to launch Horizon, a new initiative focused on building institutional DeFi products. The protocol founder, Stani Kulechov, announced this on X, noting that this initiative will take decentralized finance to the next level.
Aave Labs has launched a new initiative called Horizon, which aims to enhance the integration of institutional Real-World Assets (RWAs) into DeFi. Announced on March 13, the project seeks to bridge DeFi's open financial ecosystem with the structured needs of institutional asset issuers, creating a framework that encourages broader participation in on-chain finance.