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A widely followed crypto strategist thinks that rallies are in sight for the layer-1 blockchain Tron (TRX) and the decentralized finance (DeFi) lending protocol Aave (AAVE).
The asset, which has been valued at less than $1.00 for nearly all of its life, gained ground this week and rallied to $0.985 for the first time since August. Its volatile gains aren't doing anything to fix GHO's reputation as a not-so-stablecoin, but they do set the token close to the levels one might expect from an asset that's supposed to be worth a dollar – not $0.96.
No other protocol has come close to Lido's TVL numbers. The project is being touted as the future of DeFi.
HashKey exchange launch Aave, a licensed virtual asset exchange based in Hong Kong.
In the dynamic world of cryptocurrencies, where networking can be as valuable as the assets themselves, exclusive events play a significant role. One such gathering that recently took the crypto community by storm was “Raave,” a high-profile crypto rave hosted by Stani Kulechov, the founder of Aave.
The past month has seen the entire crypto market, especially the Ethereum community, head out to Turkey Istanbul. The Ethereum Ecosystem has had back-to-back events in Istanbul with the attendance of crypto elites like Vitalik Buterin.
Avara, formerly known as Aave Companies, underwent a transformation in its identity and vision, solidifying its position as a key player in the blockchain and web3 space. With a new name and a strategic acquisition, Avara aims to lead the construction of an open and decentralized internet.
The new name, Avara, signifies the organization's expanded mission to extend beyond decentralized finance (DeFi) and introduce Web3 to a global audience with diverse use cases. Avara, previously known as EthLend before evolving beyond its initial goals, is adapting its identity to better reflect its broader vision and outreach.
This is not the first name change the project has been through, but it will be the last.
Aave's parent company has rebranded as Avara. AAVE maintains an upward trajectory, as alt's price has grown by almost 45% in the last month.
The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project's Liquidity Committee is actively working on strategies to strengthen the stablecoin, aiming to elevate its value above $0.985 by November 30, 2023.
Avara is hoping to create extensive access and usability for blockchain technology.
The company formerly known as Aave Companies has embarked on a fresh chapter, rebranding itself as Avara, drawing inspiration from the Finnish term meaning 'spacious.'
Avara, formerly known as Aave Companies, has undergone a significant transformation, including a rebranding effort and an acquisition that strengthens its position in the blockchain and web3 space. The company has unveiled its new identity as Avara and has acquired Los Feliz Engineering, a prominent web3 software development startup based in Los Angeles.
Leading Decentralized Finance (DeFi) lending protocol Aave has officially rebranded to Avara as it makes a concerted effort to expand its user base across the Web3.0 ecosystem. Avara Targets Broader Web3 Userbase Avara is a Finnish word that has a couple of meanings including “extensive,” “open,” “spacious” and “inclusive.
Founder Stani Kulechov said the name change does not affect Aave as a lending protocol and that its latest acquisition focuses on propelling mass web3 adoption.
The move marks Avara's second acquisition, following the purchase of web3 social gaming app Sonar in December 2022.
The blockchain infrastructure company behind open-sourced liquidity protocol Aave has rebranded from Aave Companies to Avara.
Liquidity protocol Aave's parent company has been rebranded to Avara as it looks to streamline its suite of infrastructure products to attract a broader Web3 user base.
DeFi lending protocol Aave is a popular candidate for “forking,” whereby developers take open-source code and launch a spinoff.
Aave, the decentralized lending protocol, has successfully resumed its operations after facing security vulnerabilities earlier this month.
In response to a recently discovered security vulnerability earlier this month, Aave has successfully navigated the challenges, with its version 2 and 3 markets now back in full swing.
Aave V3 markets are unpaused, resolution reached after temporary measures. Aave V2 Ethereum to be unpaused tomorrow.
The open source protocol spearheaded by DeFi giant Stani Kulechov has released a bevy of new monetization features.
